mortgage company refuses to compromise

What is the name of your state? Tennessee

For the second time this year my husband is unemployed again, and is drawing his last 2 checks this month, for the past year we have used all of our retirement paying our mortgage and other bills until it finally ran out.

We recieved a letter from a mortgage company saying that if we had financial problems they were willing to work with us, but when my husband called them they said they could not help him unless he was employed, we have no money left to pay the mortgage. It is 6 days overdue, and the mortgage company has called us 6 times since yesterday morning. We have put our house up for sale, its been up since september, and the sale price is what we owe on the house but we havent had any buyers and we just refinanced 2 years ago. We dont want to ruin our credit which right now is excellent and are willing to make payments we just cant afford but a very minimum payment at this moment, and as soon as my husband went back to work we would start paying the full amount again, is there anything we can do to stop the harrassment or get our mortgage company to lower the payments? at least till the house sells or till my husband goes back to work?

Also one wierd thing is the mortgage company says it no longer owns our mortgage but is only handling the paperwork but they claim they do not know who actually owns it.

[nextwife]

That means they are the "servicer" and are empowered to act as intermediary oin matters of servicing the loan. They are not required to make any arrangements. Are you worrking? If not, get something to help tide you over, if possible. With the holiday season, if hubby had wanted to bring some money in, perhaps working retail from thanksgiving through the Christmas season might have helped. When I was starting my career and needed extra money, I was always able to get all the hours I wanted working in retail as holiday help. You and he must together figure out where to get the money to get the mortgage current and pay all penalties and legal fees.

Heck, I know an attorney who ran into licensing problems because of his alchohol abuse and client neglect. He is dry now, but working for a caterer in a crap job just to work and manage his payments.

Thank you,

Although your advice would not help our situation, I already work, and my husands unemployment pay is more then he could make working a minimum wage job. He is a Engineer with 20 yrs experience and still cant find a permenant job his last job was contract which unexpectedly ended early.

What isnt apparent is this my husband has never drawed unemployment till Dec of last year when he was laid off. So our basic neccesity bills were based on his 20 year employment at his old job, which payed several times over what he now draws.
What me and him both make togeather a week is less then our house payment and our homeowners insurance. And part of his unemployment is going to his ex for childsupport. We have cut corners every way thats possible, even selling my car and liquidating his retirement.

We fiinally got a contract on our home from a buyer Sunday so hopefully this situation will soon be over.