AboutDavid Expertise I can help answer questions on how to raise credit scores. I can educate you on all areas of credit scoring. My specialty is helping people recover from Bankruptcy and low credit scores quickly.
Experience I own a credit repair company and have helped hundreds of my clients raise their scores to purchase homes, cars and qualify for other loans.
Education/Credentials My background is in Financial planning.
Question I have not missed a payment on my mortgage yet but am so upside down that it doesn't seem feasible to keep paying. My mortgage is 245,000 and my house is worth today 140,000. I wanted to foreclose as I am stuck in my home and a law firm was going to help me foreclose as it doesn't seem feasible to keep paying 2,500 a month for a small condo. I understand it will hurt my credit and that they will help me fight the bank but their fees are a $2,500 retainer every 6 months. Is that typical? I want to make sure that I am not being taken advantage of?
Answer I am not sure what the normal cost is for that assistance but check out the home save program at NACA.com first. I have a couple of clients that have had their mortgage reduced to the current value and their interest rates cut in half with NACA help.
