Comments on: Loan Modification with HSBC http://loanworkout.org/2007/07/modify-loan-with-hsbc/ Loan Modification & Home Loan News Fri, 20 Nov 2009 12:55:43 -0700 http://wordpress.org/?v=2.8.6 hourly 1 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……………

]]> By: Justus http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-16858 Justus Mon, 21 Sep 2009 23:25:56 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-16858 If you are having legitimate problems paying your mortgage and totally frustrated dealing with your lender and the Obama plan, go to NACA.com It's the real deal and there is no charge for their help If you are having legitimate problems paying your mortgage and totally frustrated dealing with your lender and the Obama plan, go to NACA.com It’s the real deal and there is no charge for their help

]]> By: Antrim http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-16818 Antrim Fri, 18 Sep 2009 16:43:05 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-16818 Do not ever deal with HOPE-Home Owner Protection Economics company.. I dealt with them I they do nothing but steal my money, they say if they cannot get the approve of the application of the mortgage bank they will refund the money.. but that's a lie, I have been trying to contact them for last 10 days and they just do not answer my calls, left a lot of voice mails and nothing.. they just stole my money.. Do not ever deal with HOPE-Home Owner Protection Economics company.. I dealt with them I they do nothing but steal my money, they say if they cannot get the approve of the application of the mortgage bank they will refund the money.. but that’s a lie, I have been trying to contact them for last 10 days and they just do not answer my calls, left a lot of voice mails and nothing.. they just stole my money..

]]> By: Believe http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-16748 Believe Tue, 15 Sep 2009 20:52:02 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-16748 Moe, are you able to confirm whether or not "Worker" submitted his post from an HSBC IP address, or give any credibility to this person's claim he/she is a loan modification worker at HSBC? His message is very disturbing. Moe, are you able to confirm whether or not “Worker” submitted his post from an HSBC IP address, or give any credibility to this person’s claim he/she is a loan modification worker at HSBC? His message is very disturbing.

]]> By: Tiffany Kosa http://loanworkout.org/2007/07/modify-loan-with-hsbc/#comment-16744 Tiffany Kosa Tue, 15 Sep 2009 07:11:24 +0000 http://loanworkout.org/2007/07/29/modify-loan-with-hsbc/#comment-16744 No mods under 4%?!?!?! Well looks like I'm screwed! I'm on my second round of the crappy 5.25% 6 month MOD with HSBC. Not happy. Can't afford food and other household bills. I really like what Nicholas S Marra said in her post. Really puts it into perspective. HSBC can have this crappy house. They already screwed up my credit. I was making payments while they were reviewing my second mod and they weren't applying the payments so it looks like I had gone 60 day delinquent. Nothing to lose now! No mods under 4%?!?!?!

Well looks like I’m screwed! I’m on my second round of the crappy 5.25% 6 month MOD with HSBC. Not happy. Can’t afford food and other household bills. I really like what Nicholas S Marra said in her post. Really puts it into perspective. HSBC can have this crappy house. They already screwed up my credit. I was making payments while they were reviewing my second mod and they weren’t applying the payments so it looks like I had gone 60 day delinquent. Nothing to lose now!

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