Let’s Get Real Estate: Getting help with house payments

Dear Jan: We are behind on our house payments. With all the talk about the mortgage companies working with the homeowners, have you seen this actually happen yet? SV

Dear SV: Yes. Here is what I have learned this far. You must talk with the mortgage company today. Doing nothing can only create more problems. Many people become despondent and keep putting off making that call. You have to face reality right away and contact the mortgage company to work out a solution.

Each and every mortgage company is handling past due client accounts differently. One company I know of has agreed to accept a new deed amount based on a current Computer Market Analysis and they have agreed to a new, much lower interest rate to repay the loan, which results in a lower house payment. That can make the difference between keeping or losing the home. Again, I can’t stress it enough, if you are behind on a house payment, call the lender today or be talking to your attorney. Do something! Hope you can work this out. Best wishes to you.

More in News

KCIRT releases more information on Highway 16 overpass shooting

Kitsap County Sheriff’s Office deputy who shot man has been placed on leave

16 more positive COVID-19 cases in Kitsap County since Thursday

The Kitsap Public Health District Friday reported 16 new positive cases of… Continue reading

Bainbridge council gets update on green building code

The Bainbridge Island City Council is serious about getting greener. The council… Continue reading

SKSD board stays with two-option instruction plan this fall

Board members vote 3-2 Wednesday to retain plan; other Kitsap districts opt for online-only plans

BISD Board adopts reopening plan

The Bainbridge Island School District Board of Directors affirmed at their regular… Continue reading

Poulsbo man dies after Highway 16 overpass shooting

Details about what transpired aren’t known; KCSO deputy involved in shooting

Pair plan to travel after closing The Traveler

Barbara Tolliver and Susan Taylor are planning to do some more traveling… Continue reading

This I know: Staying active important during virus lockdown

(Noella Rosentrater, a seventh-grader at Woodward Middle School, shares how physical routine… Continue reading

Most Read