Comments on: Loan Modification with HSBC http://loanworkout.org/2007/07/modify-loan-with-hsbc/ Loan Modification & Home Loan News Fri, 19 Mar 2010 12:21:51 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Dana Ottwell http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-19876 Dana Ottwell Fri, 26 Feb 2010 14:18:53 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-19876 It is amazing how a company can come into a country and treat it's citizens with such disrespect. I have so many friend that I have found a longthe way and I have started a support group on fb 1, Million strong on Facebooj My goal is to get 1 million stories and get as mnay victims (YES VICTIMS) of hsbc together maybe together we can make a difference I am Dottwell@ hotmail.com you can either email me or find the group by my email. It is amazing how a company can come into a country and treat it’s citizens with such disrespect. I have so many friend that I have found a longthe way and I have started a support group on fb 1, Million strong on Facebooj My goal is to get 1 million stories and get as mnay victims (YES VICTIMS) of hsbc together maybe together we can make a difference I am Dottwell@ hotmail.com you can either email me or find the group by my email.

]]> By: Joanna http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-19475 Joanna Mon, 01 Feb 2010 21:06:55 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-19475 All I can say is I dispise HSBC/HFC Beneficial and all their stupid policy. I will not recommend them to anyone ever. They made my life a hell. I have never been late with my payment for 10yrs and paying a very high interst. Husband and I lost my job but has enough savings to get by for my 3 kids. Tried to work with HSBC/HFC Beneficial and saw how much money we have in savings....denied our loan modification request. We are still jobless for about 6 months and savings are draining fast. Screw HSBC/HFC beneficial they don't care about anyone. All is this for is what benefit they can get out of you and they are like talking to a brick wall.. FUCK YOU HSBC!! All I can say is I dispise HSBC/HFC Beneficial and all their stupid policy. I will not recommend them to anyone ever. They made my life a hell. I have never been late with my payment for 10yrs and paying a very high interst. Husband and I lost my job but has enough savings to get by for my 3 kids. Tried to work with HSBC/HFC Beneficial and saw how much money we have in savings….denied our loan modification request. We are still jobless for about 6 months and savings are draining fast. Screw HSBC/HFC beneficial they don’t care about anyone. All is this for is what benefit they can get out of you and they are like talking to a brick wall.. FUCK YOU HSBC!!

]]> By: Roger http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-18796 Roger Fri, 25 Dec 2009 03:04:03 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-18796 HSBC Strains While It Tries To Help Out Homeowners HSBC's Mr. Booker said. "HSBC is also reaching out to customers who aren't delinquent but who soocould fall behind". "The bank then contacted borrowers who weren't yet delinquent and modified their loans", says Tom Detelich, president of consumer and mortgage lending at HSBC Finance. This article is a bunch of crap. I had a liver transplant and was off of work for 1 1/2 years. I chose to pay my house payment ($1800 per month) on time but had to let other payments go. Now I am back to work and using a debt settlement firm to negotiate my debt. I am trying to catch up on $20,000 worth of debt. I did not take the easy way out and file bankruptcy. I applied to HSBC for loan modification and was denied because I make too much money monthly. They will not count what I pay for my additional debt since it is unsecured. I have been at my job for 29 years. I had impeccable credit without a late or missed payment on anything in 20 years. I was living within my means. FYI - You have to pay $315,000 up front to be put on the liver transplant list. My BCBS insurance covers $100,000 per transplant. I had to use all of my 401k and life savings just to stay alive. I was only asking for some help to get back on my feet and not lose my home. The way I see it now; I should have paid my other bills and let my mortgage go and maybe they would have helped. Or, when I get sued by everyone else and they start taking my wages, I won't be able to make my house payments. I could either re-apply, hire a modification lawyer or file bankruptcy! HSBC Strains While It Tries To Help Out Homeowners

HSBC’s Mr. Booker said. “HSBC is also reaching out to customers who aren’t delinquent but who soocould fall behind”.
“The bank then contacted borrowers who weren’t yet delinquent and modified their loans”, says Tom Detelich, president of consumer and mortgage lending at HSBC Finance.

This article is a bunch of crap. I had a liver transplant and was off of work for 1 1/2 years. I chose to pay my house payment ($1800 per month) on time but had to let other payments go.

Now I am back to work and using a debt settlement firm to negotiate my debt. I am trying to catch up on $20,000 worth of debt. I did not take the easy way out and file bankruptcy.

I applied to HSBC for loan modification and was denied because I make too much money monthly. They will not count what I pay for my additional debt since it is unsecured.

I have been at my job for 29 years. I had impeccable credit without a late or missed payment on anything in 20 years. I was living within my means. FYI – You have to pay $315,000 up front to be put on the liver transplant list. My BCBS insurance covers $100,000 per transplant. I had to use all of my 401k and life savings just to stay alive.

I was only asking for some help to get back on my feet and not lose my home. The way I see it now; I should have paid my other bills and let my mortgage go and maybe they would have helped. Or, when I get sued by everyone else and they start taking my wages, I won’t be able to make my house payments. I could either re-apply, hire a modification lawyer or file bankruptcy!

]]> By: Anna http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-18484 Anna Tue, 08 Dec 2009 02:12:22 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-18484 I am two months behind on our mortgage. I have completed the required paperwork to see if we qualify for assistance. We have had alot of expenses, and hours had been cut. Beneficial told us that we made too much money and there is no reason why we could not make our payments. I would make small payments when I could. It was not like several months went by and no payments were made. The people are so rude and nasty. They continue to add late fees and it seems like one will never catch up. They lie when they tell people on their website, if you are having difficulties please call. Why call, you will just get berated and ridiculed. Nasty, nasty people. I am two months behind on our mortgage. I have completed the required paperwork to see if we qualify for assistance. We have had alot of expenses, and hours had been cut. Beneficial told us that we made too much money and there is no reason why we could not make our payments. I would make small payments when I could. It was not like several months went by and no payments were made. The people are so rude and nasty. They continue to add late fees and it seems like one will never catch up. They lie when they tell people on their website, if you are having difficulties please call. Why call, you will just get berated and ridiculed.
Nasty, nasty people.

]]> By: Dwayne H. http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-18063 Dwayne H. Tue, 17 Nov 2009 04:03:05 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-18063 Has anyone tried to get there principal balance through HFC reduced to refinance with another company. I have another company willing to refinance my first mortgage but the the house is $5,400 upside down. Just didn't know if they knew there loan would be payed off if they would be more willing to modify the loan? Has anyone tried to get there principal balance through HFC reduced to refinance with another company. I have another company willing to refinance my first mortgage but the the house is $5,400 upside down. Just didn’t know if they knew there loan would be payed off if they would be more willing to modify the loan?

]]> By: Michelle M http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-17843 Michelle M Mon, 02 Nov 2009 20:21:55 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-17843 I have been trying for months to get ahold of someone at HSBC. I have records from my phone company that shows I have contacted them everyday. Also, I have letters, and faxes and still no answer. I have non hodkins lymphoma, as well as breast cancer. This is why we fell behind on our payments. I have even offered my lofe insurance policy that will pay off the house if need be. We are just a working class family, and all the medical costs have killed us. It is hard enough on my family knowing that I am going to pass. Now they are faced with losing the only home we have ever known. Believe you me I would have made my house payment on time then to fall behind. Does anyone know of any thing I can do to save my home? I have been trying for months to get ahold of someone at HSBC. I have records from my phone company that shows I have contacted them everyday. Also, I have letters, and faxes and still no answer. I have non hodkins lymphoma, as well as breast cancer. This is why we fell behind on our payments. I have even offered my lofe insurance policy that will pay off the house if need be. We are just a working class family, and all the medical costs have killed us. It is hard enough on my family knowing that I am going to pass. Now they are faced with losing the only home we have ever known. Believe you me I would have made my house payment on time then to fall behind. Does anyone know of any thing I can do to save my home?

]]> By: HSBC Frustration! http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-17440 HSBC Frustration! Wed, 14 Oct 2009 06:25:24 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-17440 We have just been approved for a 6-mos "hardship" with HFC Beneficial. We are making less than what we made when originally approved for the loan, and are behind on payments. We are considering Chapter 7 in CA, but before we do, I am curious if HFC will cancel our hardship if we file. Will they even consider an extension if we file? We have just been approved for a 6-mos “hardship” with HFC Beneficial. We are making less than what we made when originally approved for the loan, and are behind on payments. We are considering Chapter 7 in CA, but before we do, I am curious if HFC will cancel our hardship if we file. Will they even consider an extension if we file?

]]> By: HSBC Frustration! http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-17439 HSBC Frustration! Wed, 14 Oct 2009 06:21:00 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-17439 I am curious...we are exploring BK. We've been approved for the 6 mos. "hardship" by HFC Beneficial, but like others here, have not received anything in writing. If we do file a Chapter 7 in CA, will they cancel our Hardship? Will they even consider another 6 or 18 month Hardship in future? We are making considerably less than when we got the loan (at least we are now working - both of us were laid off last yera). Any advice for us? Thanks, HSBC - Frustrated Borrower I am curious…we are exploring BK. We’ve been approved for the 6 mos. “hardship” by HFC Beneficial, but like others here, have not received anything in writing. If we do file a Chapter 7 in CA, will they cancel our Hardship? Will they even consider another 6 or 18 month Hardship in future? We are making considerably less than when we got the loan (at least we are now working – both of us were laid off last yera). Any advice for us?

Thanks,

HSBC – Frustrated Borrower

]]> By: Becky http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-17192 Becky Sat, 03 Oct 2009 18:27:40 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-17192 I have been in default since November 2008 I have tried every possible avenue with HSBC, Hoep Now, Accorn. The truth is this if you dont pay and they forclose the government will back the loan plain and simple so why would they work with you. Calling HSBC or help all you get is sent over to as retention department this not helping......... I was actually told if I made my payment they would look into modifing my loan but would not give me anything in writing at all verbal.... What the hell is that. So now I filed Bankruptcy still trying to get there attention somehow to keep my home that is worth 85,000.00 less than what I owe on it. And becuase I filed bankruptcy it is hard to rent a home is there any agency that is willing to help!!! I have been in default since November 2008 I have tried every possible avenue with HSBC, Hoep Now, Accorn. The truth is this if you dont pay and they forclose the government will back the loan plain and simple so why would they work with you. Calling HSBC or help all you get is sent over to as retention department this not helping……… I was actually told if I made my payment they would look into modifing my loan but would not give me anything in writing at all verbal…. What the hell is that. So now I filed Bankruptcy still trying to get there attention somehow to keep my home that is worth 85,000.00 less than what I owe on it. And becuase I filed bankruptcy it is hard to rent a home is there any agency that is willing to help!!!

]]> By: Massah http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-16866 Massah Tue, 22 Sep 2009 02:46:15 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-16866 La Dee Da La Dee Da, HSBC took my home and I didnt even know it. They kept modifying my loan every friggin 6 months and after two years I asked hey, cant I get at least 18 months, or can we do the H.A.M.P. program something anything. Before you know it, I got a letter on the door stating that the house was owned by HSBC, they didnt even renotice the Notice of Sale Date, they dont have to, The first one is good for a year, I had to find out the hard way, and guess what I am a mortgage broker and I save peoples homes daily and i couldnt even save my own, did I want to probably not, when I told them I was done playing games for two years they took it, oh well, cant complain when your dealing with incomptenence in todays market you get what you pay for, I paid nothing and thats what I go NOTHING.................. iLL BE OPURCHASING AGAIN IN 2 YEARS BUT NOT WITH HSBC guranteed............... La Dee Da La Dee Da,
HSBC took my home and I didnt even know it. They kept modifying my loan every friggin 6 months and after two years I asked hey, cant I get at least 18 months, or can we do the H.A.M.P. program something anything. Before you know it, I got a letter on the door stating that the house was owned by HSBC, they didnt even renotice the Notice of Sale Date, they dont have to, The first one is good for a year, I had to find out the hard way, and guess what I am a mortgage broker and I save peoples homes daily and i couldnt even save my own, did I want to probably not, when I told them I was done playing games for two years they took it, oh well, cant complain when your dealing with incomptenence in todays market you get what you pay for, I paid nothing and thats what I go NOTHING……………… iLL BE OPURCHASING AGAIN IN 2 YEARS BUT NOT WITH HSBC guranteed……………

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