From: fork_in_road@bantamservices.com (Fork_In_Road)
Newsgroups: misc.legal.moderated misc.consumers.frugal-living alt.invest.real-estate misc.invest.real-estate
Subject: Resume Mortgage Payments
Date: Mon, 12 Jan 2004 07:57:07 -0500

Sorry about the cross-posting, but I've seen mortgage-related
questions on all of these groups.  Anyway, I'm 5 mos. behind on my
mortgage.  I recently started working full time again, and want to
resume the mortgage payments on my house at the beginning of Feb. 
Problem is, the bank wants me to resume then also (of course), but at
an amount that is almost 40% above what my prior mortgage payment was,
so that I can get my loan current in a year.  I asked them to consider
moving the missed payments to the back end of the mortgage term. 
Never got a response on this request.

I can just barely afford to resume making my regular mortgage
payments; there is no way I can make the inflated payments the bank
wants.  If I just resume the payments I had been making prior to
falling behind, what can happen?  Meanwhile, since I have an FHA loan,
I'm told that HUD offers a "partial claim" program for people in my
situation.  Basically they make a payment to the bank that holds my
loan for the amount of my missed payments.  I then owe HUD the amount,
but it's interest-free.  I asked the bank about this and they knew
nothing about this program and didn't sound like they were going to
look into it.  Any advice much appreciated, thanks in advance.