loan modification

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Who has done a modification loan before?0william clemons2012-11-06 08:43:14
I have an 8.65% adjustable mortgage loan. I have bad credit, but a lady from a mortgage company said that they can help me work with my bank to modify my loan. She is not asking for money down until she fixes it. I am also two months behind on my mortgage, she said that she thinks she can help me. Should I try this, and how good is this?[View Answers]
How do I go from being an housewife to an MBA from a decent B-School?0samavi2012-11-06 07:44:47
I am 28yrs old, got married to wonderful person 3 months back, I have been making attempts to transition my career from airlines (I was a flight attendant for 1.3 yrs) by doing a couple of IT courses but the recession did not help and I had to relocate to India after my marriage so I been unemployed for a about 2 yrs now. I am VERY interested in getting an MBA from ISB [www.isb.edu] or similar school inorder to relaunch my career in a Business Analyst/Managerial role at a Technology firm. I have a 3.8 GPA in BSc. (Computing) from Swinburne University, Melbourne, Australia - graduated in 2005. It took me 5 yrs to get a Bachelor's Degree that would have taken 3 because of US immigration application requirement. However I did do a 1 yr internship at Computers for youth [www.cfy.org], get nominated for IPDY. But mostly my work experience has been unrelated to my undergrad education - ranging from being a IT Recruiter to Flight Attendant to Loan Modification Specialist. So I am not sure if I have a shot at B-School or not. If I do, how do I shape up my B-School application and essays so that they take me/my application seriously and I have a chance of getting my life back on track?[View Answers]
Is it true that lenders only help you with loan modifications when you've missed some payments?0Pink2012-11-06 07:06:18
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Loan advice for borderline case?0Costa2012-11-06 05:30:28
Need some practical advice. I live in CA and I have a jumbo loan that doesn't qualify for any of the loan modification/assistance programs. We can pay our loan now but we will be in bad shape when our 10 yr interest only loan adjusts in 6 years. That's what I am worried about. With the value of our home now, we will not even have 15% equity in 6 years. I have called my lender but I wanted to see if anyone has any good advice for me.[View Answers]
How likely will a loan Modification be approved by Indy-Mac.?0jayanna2012-11-06 05:25:46
We applied for one but our sell date is the 25th of this month is there a chance of it happening?[View Answers]
Does a bank have to agree to a mortgage loan modification or is it voluntary?0Star K2012-11-06 03:38:30
We have lost a third of our income and unable to make our next mortgage payment. I asked my loan officer about a modification and he acted like he had never heard of it. Now he is avoiding my calls.[View Answers]
I trying to due a modification on my house loan?0jj hardy2012-11-06 03:15:19
I trying to due a modification on my house loan I am behind a few payments dose any one know any thing about it and what are the requirements I heard people doing them and banks lenders are helping them thank you[View Answers]
How can I protect my credit after my husband goes through a short sale?0francisco2012-11-06 02:59:28
Two years ago my husband bought our condo. The condo is only in his name because at the time I was going through a career change and thought my lack of an income would hurt our chances with the loan. That was actually a blessing in disguise. Because of our interest rate adjusting we will not be able to afford the payments. The bank will not approve us for a loan modification because to them having $50 left over at the end of the month is good enough! So we will be doing a short sale. Since the loan is solely in my husbands name, i believe only his credit will be affected. But we have joint bank accounts and credit cards. Do I need to separate our finances so that I will not be hit on my credit score? Because we need my credit score to rent out an apartment. Do I even need to worry about my credit score being damaged because my name is not on the loan, but I am his wife, does his bills equal my bills? I'm so confused. Sorry if it was a little long. Any advise is appreciated. Thank you![View Answers]
Loan modifications foreclose?0River2012-11-06 00:06:41
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Does Bank of America adjust the principle when modifiing your loan?0prateek nayak2012-11-05 23:32:38
I have been told I qualify for a loan modification and just waiting for the negotiator to follow up from B of A / Countrywide ( it takes forever! ) Has anyone had experience with a principle adjustment when your loan is modified?[View Answers]
Loan modification in order to save my house?0Evelina2012-11-05 23:27:27
What do I need for loan modification ? Can I call my bank and apply? Do I need to pay ? Thank you very much for your help[View Answers]
Any ideas how I can get my $1600 refunded from scam artist - Truman Foreclosure Assistance?0Phuti manaka2012-11-05 22:59:25
Please learn from me - do not deal with Truman Foreclosure Assistance (Miami, Florida) and do NOT pay up front for any loan modification service. If they insist on being paid up front... run! I have been battling Truman Foreclosure Assistance for six months now trying to get my $1600 refunded. This company sold me on the idea that they could help modify my loan but failed terribly. (In fact they made things worse. See link below from Complaint Board). I had been promised a refund months ago, in writing, from David Bouffard, the COO of Truman Foreclosure, but nothing yet. Now they don't return phone calls or answer emails but still seem to be operating normally. I have contacted the BBB and Chamber of Commerce, emailed and called dozens of times, faxed over my emails, but all in vain. Short of getting a lawyer, any ideas on how to get my $1600 back that was promised to me by Truman Foreclosure? (Here are the details of my case: http://www.complaintsboard.com/complaint[View Answers]
Has anyone else been screwed over by Wells Fargo Home Mortgage?0Andres2012-11-05 22:34:33
Just wondering...would make me feel better to know that we aren't the only ones. Won't tell the whole long sordid story, but they have really screwed up our account and taken our credit right down the drain. We had a loan modification agreement with them within the past few months and, per the agreement, there was 3 months that we didn't have to pay. We were not told that, even though that is the agreement that we signed, those 3 months were reported as delinquent to the credit bureaus, and once we started making our monthly payments again, that money goes into a "holding account" (still reported as delinquent) until the account is updated...which may take 6 months. Not that our credit was squeaky clean to begin with, but we could get a credit card or car loan if we wanted. Now we can't get anything!! Well's Fargo wont even send a letter to say that we are current so that the bank will give us a car loan. There are way many more mistakes, that is just the tip of the iceberg.[View Answers]
House in middle of mortgage remodification and is being served papers to be condemned.?0Ameen2012-11-05 21:02:56
my father inlaws house is currently in the middle of a loan modification for a $11,000 remaining of the loan. Now the county is trying to condemn it What can we do. we do not have the money to fix all the repairs. It is a historical house from the late 1890's but the county wont put it in the historical listings so we could get a grant to fix it back up. It is not that bad, it needs a new roof for the most of the repairs and the wood siding in a small section needs replaced. (we have that). please help.[View Answers]
WHAT to do? Balloon Mortgage NOW due!?0tressie2012-11-05 19:35:10
I know answer - lose home - but I'm looking for other advice! New home we built in 07 - have $100k - can't refinance anywhere - bank only gave us a 1 year balloon - which is now due in a few days. note, this if for entire mortgage. They may extend, but we don't have paperwork yet or maybe they just want home! We are not late - just owe property taxes yet. I guess we most likely have no grounds to sue since we signed paperwork, right? Should I consider a loan modification attorney since they seem unwilling to work with us and just want all their money?[View Answers]
Has anyone had success in getting a mortgage loan modification with Navy Federal Credit Union (NFCU)?0Yassah2012-11-05 17:22:34
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Can a mortgage company foreclose without offering modification?0misleydis2012-11-05 16:37:30
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Short sale vs foreclosure for a loved one?0caty2012-11-05 12:42:52
Need some advise on my mom's home. She hired a firm to do a modification for her home loan payment back in Sept of 2010. Modification went to the lender for review, still waiting to hear back. Was served with papers for complaint and summons from the bank. She has dementia and is not mentally stable to stand in court to represent herself fully or answer questions appropriately so question is, being I am her POA, should I just consider going for a short sale and be done with her home and avoid foreclosure or proceed with the nerve wracking answer and motion deal to set the foreclosure intention back some in hopes the modification will be decided in her favor by then? It's very nerve wracking. Also, if she has her name on another property but her son is mentally disabled and has a reverse mortgage out with a different lender on that home, (I am his guardian), can the bank take this property as well if her original home goes into foreclosure? I was told being her son is mentally disabled, they can not take a home away from him or me for being his care taker but not sure just how true this is. This is in the wonderful corrupt state of New Jersey by the way. Any advise or suggestions would be greatly appreciated. This is such a stressful situation to deal with. Please help!! Thanks so much for your time....[View Answers]
Can my lender force me into an escrow account under the Home Affordability Refinance Program?0CrankSt4r2012-11-05 12:37:02
My husband and I were informed by our lender that if we refinance under HARP (Home Affordability Refinance Program), we have to set up an escrow account. I can only find that escrow accounts must be set up under the modification portion of the program but not the refinance. My loan is owned by Fannie and I live in CA.[View Answers]
Loan Modification effect on Credit?0maame2012-11-05 11:38:33
I've been told several times to apply for a loan modification on my mortgage. I'm at 6.5% now. My credit is fair/good (700) now. Would doing a loan modification have any negative effects on my credit score?[View Answers]

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