Comments on: Rights Radio Self Help Hour: How to Lose Your Home for $400 or Less http://rightsradio.com/rights-radio-how-to-lose-your-home-for-400-or-less/?utm_source=rss&utm_medium=rss&utm_campaign=rights-radio-how-to-lose-your-home-for-400-or-less Consumer Rights, Economic Rights, Homeowners Rights, Condo/HOA Rights, Health Rights, Security Rights Fri, 11 May 2012 21:03:09 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Dr. Joyce Starr http://rightsradio.com/rights-radio-how-to-lose-your-home-for-400-or-less/comment-page-1/#comment-2218 Dr. Joyce Starr Thu, 11 Feb 2010 19:39:30 +0000 http://rightsradio.com/?p=293#comment-2218 Hi Evelyn, Do you have a mortgage? If so, you should speak with your bank as soon as possible about lowering your monthly interest rates. The bank may offer a loan modification program based on your hardship. There is also a government program to lower interest rates, but the public is not embracing it for a variety of reasons. However, when it comes to direct assistance for assessments, as far as I know, it simply does not exist. You're right. This is a critical issue. An increasing number of owners are losing their homes because they cannot afford the assessments. I'll update this comment if I find information that will help. Hi Evelyn,

Do you have a mortgage? If so, you should speak with your bank as soon as possible about lowering your monthly interest rates. The bank may offer a loan modification
program based on your hardship. There is also a government program to lower interest rates, but the public is not embracing it for a variety of reasons. However, when it comes to direct assistance for assessments, as far as I know, it simply does not exist. You’re right. This is a critical issue. An increasing number of owners are losing their homes because they cannot afford the assessments. I’ll update this comment if I find information that will help.

]]> By: Evelyn Patton http://rightsradio.com/rights-radio-how-to-lose-your-home-for-400-or-less/comment-page-1/#comment-2217 Evelyn Patton Thu, 11 Feb 2010 15:14:39 +0000 http://rightsradio.com/?p=293#comment-2217 Hello Dr. Starr, I live in Illinois and purchased my condo three years ago. At that time the assessments were 500.00. Since than we have had special assessment plus two assessment increases resulting in a monthly payment of 660.00. I simply can't afford this, I'm using my credit card to pay this along with my car insurance which is just putting me deeper in debt. I can't sell without doing a short sell and still owing. Is there any help for condo owners with high assessment? Please advise, Evelyn P. Hello Dr. Starr,

I live in Illinois and purchased my condo three years ago. At that time the assessments were 500.00. Since than we have had special assessment plus two assessment increases resulting in a monthly payment of 660.00. I simply can’t afford this, I’m using my credit card to pay this along with my car insurance which is just putting me deeper in debt. I can’t sell without doing a short sell and still owing. Is there any help for condo owners with high assessment?

Please advise,

Evelyn P.

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