Comments on: EMC Loan Modification or Short Sale

By: Allen Varner

Allen Varner — Sun, 17 Apr 2011 18:07:05 +0000

I have a heck of a problem with “EMC”, they don’t want to work with me or anyone. Moe or “Sheri”, please call me at 504-559-4544 please. Thank you very much, I hope that everyone has a nice day!

By: Marty

Marty — Thu, 20 Aug 2009 21:32:04 +0000

Hey Guys….Heres one for ya. I have two loans on my house with EMC and due to the economy and a job loss was having a real hard time with maling ends meet so my wife got a 2nd full time job and keep us afloat. We heard about this modification and shrt sale stuff so we thought we would try it. EMC did nothing for months so I finally found a broker that was dealing with modifications. He got EMC to accept a short refinance offer so I could get the principal reduced to current market value of the house, get it refinanced thru another lender and keep the home at an affordable payment. This has went on for 7 months and we have continued to make the payments every month but EMC will not put into the agreement “There will no diffenciency judgemant filed” and no other lender will accept the short refinance with those words in the agreement. We are down to the last straw now and EMC has listed with the credit bureus that we have not made a payment since March and when I asked them about it they said since we are in modification our payments are put in pending status and not credited to our contract. What is all of this standing in the way helping? Why can’t they just write these words into the agreement and let us be on our way? And what happens to my credit scores and my payments? Darn these people !

By: BEVERLY

BEVERLY — Fri, 14 Aug 2009 02:19:48 +0000

Has anyone dealt with EMC in regards to short sales.

By: zeni

zeni — Wed, 17 Jun 2009 21:42:05 +0000

does anyone know the EMC fax number for a loan mod
with the Mod Squad? especially for those who were successful. thanks

By: Moe Bedard

Moe Bedard — Sat, 13 Jun 2009 14:57:34 +0000

You are most welcome and thanks for saying thanks!

By: B . FRENCH

B . FRENCH — Sat, 13 Jun 2009 11:22:56 +0000

Thanks so much for the help, I’ve been having a heck of time figuring out how to sleep better and your wonderful site has helped me so much. God Bless

By: damion

damion — Wed, 03 Jun 2009 23:58:21 +0000

Oh so basically they can still deny you for the modification that’s what happened to a friend of mine who has emc also. Also there is no gov’t 3 month payment plan that is emc’s standard offer. I also found out that the agents at EMC get paid per mod where they are trained to offer you the least as possible. I am looking into getting a company to do it except nobody will do it first then charge me. Any company out there that does this I would jump at that offer!After trying for over 6 months & doing online reviews on EMC for the most part is not doing too many modifications on thier own you have to force them!

By: Christi

Christi — Wed, 03 Jun 2009 23:52:33 +0000

I have an 80/20 with EMC and have been “hounding” them since Oct 2008 sending and then resending all of the required paperwork, pay stubs, etc. They FINALLY modified my second mortgage by dropping the interest from 9.5% to 5% my payment on the 2nd mortgage went from 435 to 225 per month. Now I am badgering them to modify my first and it’s the same old crap, no return phone calls, no answer when calling my “specialist” EVER. Either they work for me or I live here, stop paying, hang onto my cash and they can “eat” the whole thing. My 1st will adjust July 2009 and if I don’t have a satisfactory answer by then, I am done putting good money on top of bad. I finally talked to a live person today and was told that (as usual) somebody was working on it and they had ordered a BPO today (gee, what a coincidence on the day I finally get through). What will happen now with the BPO? They could not or would not answer me when I asked that question. I wish I could go to work and not do my job every day…

By: Evy

Evy — Sun, 31 May 2009 19:53:03 +0000

Damion
they didn’t do the loan mod yet it’s a repayment pay for three months it’s a goverment plan they have ask them about it

By: damion

damion — Fri, 22 May 2009 20:44:16 +0000

Wow Evy they actually gave you a modification after they denied you? Please tell me how you did it.