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home owner
Guest

Subject: mod

Wed Feb 03, 2010 4:43 am

i have tryed to modify my loan but my morgage comepany will not let me modify because they said if they lower my interest to 0 % that i am in debt still what can i do? having a very hard time. i was pre qulifyed for the hamp and i did my 3 payment and they said that i made to little that i cant modify i am in the hole allmost 4thousand

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Subject: modification

Wed Feb 03, 2010 7:53 am

Hi Home owner,

If the mortgage company is not letting you modify your loan, you can contact them and explain your hardships. That you would like to pay but it is not possible for you to pay high amounts. Before you contact the company, make a copy of your income and expenditures. The company may ask to provide them with a copy of your income and expenditures. If your expenditure is greater than your income they may consider modifying your loan.
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All the Best Smile

Justin

cinnamngrl

Joined: 01 Nov 2008
cinnamngrl's page
Posts: 1455

6339 Magic Points

Wed Feb 03, 2010 10:20 am

what is the name of the mortgage?
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CMRRR Templates
How to PFD, OPT-out, Complain, etc
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Guest

Subject: reply

Wed Feb 03, 2010 12:02 pm

Hi homeowner,

If your request is ultimately turned down you can sell your house. If the price of your home is more than what you owe as debt, selling the house is a feasible option. However if the market price of the house is less than what you owe, you can request the lender to accept less than what you owe after you negotiate a short sale. Else you can allow the foreclosure of your house. However this is the last and worst option.

home owner
Guest

Subject: mod

Wed Feb 03, 2010 8:59 pm

the name of the morgage is wellsfargo i alredy send my papers and they said they where going to help me but they said no after the 3 month trile. they set a 3 month trile and i payed the problem is my house has an insurens and if i stope paying they pay the rest off and take my house away and the bank sell it again so they are making more money than modifiing my house for me Help please

home owner
Guest

Subject: mod

Wed Feb 03, 2010 9:02 pm

cinnamngrl

Joined: 01 Nov 2008
cinnamngrl's page
Posts: 1455

6339 Magic Points

Wed Feb 03, 2010 11:15 pm

Complain to the office of thrift supervision
_________________
CMRRR Templates
How to PFD, OPT-out, Complain, etc
All credit articles at EHOW

Justin

Justin

Joined: 17 Jul 2006
Justin's page
Posts: 1240

28942 Magic Points

Subject: mod

Thu Feb 04, 2010 6:30 am

Hi home owner,

cinnamngrl is right in advising you to complain to the office of thrift supervision. Write a letter containing the details of the loan- the date, the loan number, your address and send it to the OTS. Their address:
John E. Bowman, Acting Director
Anita C. Tyndall, Acting Ombudsman
1700 G Street, NW
Washington, DC 20552
Phone (202) 906-6000
_________________
All the Best Smile

Justin

home owner
Guest