Looking for a Direction with Indy Mac

[Joel Fraser]

Hi there my name is Ricky and my story is as follows Back in 2004 my wife and I bought our house and had a great mortgage and nice payment. A year later we wanted to reside the house and put in new windows so we refinanced with Quicken Loans. We were sold a interest only loan with alot of built in fees. That loan was sold to Indy Mac and we are currently paying more on a interest only loan then we were with our original mortage :mad:. In late 2005 my wife was diagnosed with breast cancer then the surgeries and chemo started. With all that going on I was still able to find away of keeping the payments up to date except for 1 month where they actually extended me 1 week. Gee thanks! Now a couple years, 3 kids, and medical bills starting to come in we are having a hard time keeping up. We are getting the mortgage paid but its usually by the 20th of every month. We tried refinacing again but are having a hard time because the current mortgage is more then what the house is worth. If anyone can guide me in the right direction. I am also wondering if a Loan Modification would work for us. Thank you for reading and your time