Comments on: Stop Foreclosure With Option One http://loanworkout.org/2007/07/stop-foreclosure-with-option-one/ Loan Modification & Home Loan News Fri, 20 Nov 2009 12:55:43 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: Z http://loanworkout.org/2007/07/stop-foreclosure-with-option-one/#comment-12812 Z Wed, 11 Mar 2009 22:12:18 +0000 http://loanworkout.org/2007/07/13/stop-foreclosure-with-option-one/#comment-12812 If you are in the situation of losing your home and them taking the food from you mouths..... Run to your nearest Consumer Advocate attorney to sue these scoundrels. They sent us through 3 repayments, we fulfilled each and still they claimed we owed them $16,000.00 or they would foreclose.... How can this be when we calculated and attorneys confirmed we overpaid in the amount of $80K in 32 months over and above the house note!!!!! I then made an appointment with the local FBI office and was told they had numerous complaints regarding these jokers. They took my complaint As you can imagine I then filed my complaint and with the State Attorney Generals office in Michigan, the only way we could obtain a payment history after weeks of written requests and countless phone calls. And the ugly thing about it all... Their INDIA agents told us it wasn't in their best interest to modify nor work out a reasonable mortgage. They would rather take our property !!! We'll see about that!!!! Good Luck to all of you and KEEP THE FAITH If you are in the situation of losing your home and them taking the food from you mouths…..
Run to your nearest Consumer Advocate attorney to sue these scoundrels.
They sent us through 3 repayments, we fulfilled each and still they claimed we owed them $16,000.00 or they would foreclose…. How can this be when we calculated and attorneys confirmed we overpaid in the amount of $80K in 32 months over and above the house note!!!!! I then made an appointment with the local FBI office and was told they had numerous complaints regarding these jokers. They took my complaint
As you can imagine I then filed my complaint and with the State Attorney Generals office in Michigan, the only way we could obtain a payment history after weeks of written requests and countless phone calls. And the ugly thing about it all… Their INDIA agents told us it wasn’t in their best interest to modify nor work out a reasonable mortgage. They would rather take our property !!! We’ll see about that!!!!

Good Luck to all of you and KEEP THE FAITH

]]> By: Debbie http://loanworkout.org/2007/07/stop-foreclosure-with-option-one/#comment-12029 Debbie Sat, 07 Feb 2009 16:55:22 +0000 http://loanworkout.org/2007/07/13/stop-foreclosure-with-option-one/#comment-12029 I tried to refinance with Option One due to divorce and payment was too high for me alone cuz ex would not help and being that divorces are like pulling teeth here in california I could not wait (the year 1/2 it took to finally get my divorce) I desperately wanted to save my home but Option One would not work with me so in the end I walked away and lost my home and my comfort zone. I tried to refinance with Option One due to divorce and payment was too high for me alone cuz ex would not help and being that divorces are like pulling teeth here in california I could not wait (the year 1/2 it took to finally get my divorce) I desperately wanted to save my home but Option One would not work with me so in the end I walked away and lost my home and my comfort zone.

]]> By: Arthur http://loanworkout.org/2007/07/stop-foreclosure-with-option-one/#comment-47 Arthur Sun, 15 Jun 2008 22:57:42 +0000 http://loanworkout.org/2007/07/13/stop-foreclosure-with-option-one/#comment-47 Here is my SUCCESS story with Chase. I applied for a mod in December ‘07 and they lost my file. I had to do it again in January. Then, after two months and calling weekly it was “at the underwriters.” After two more months and weekly calling I was being put on a priority list because so much time went by. Finally, a week ago I was successful. I heard I had been approved and the people on the phone really couldn’t tell me what the terms were. Today I got a simple letter: Your old rate of 8.69% (this was the arm it really started at 6.7% for 2 years) has been modified at the fixed rate of 5.375% for the balance of the loan. HOLY CRAP!!! I can keep my house and actually got a GREAT rate to boot! I hope everyone stays with it and can keep their homes. FYI I was falling behind in my payments more and more over the course of this process. I never got 30 days behind, but I was close. Thank you CHASE!! Here is my SUCCESS story with Chase. I applied for a mod in December ‘07 and they lost my file. I had to do it again in January. Then, after two months and calling weekly it was “at the underwriters.” After two more months and weekly calling I was being put on a priority list because so much time went by. Finally, a week ago I was successful. I heard I had been approved and the people on the phone really couldn’t tell me what the terms were. Today I got a simple letter:

Your old rate of 8.69% (this was the arm it really started at 6.7% for 2 years) has been modified at the fixed rate of 5.375% for the balance of the loan.

HOLY CRAP!!! I can keep my house and actually got a GREAT rate to boot!

I hope everyone stays with it and can keep their homes.

FYI I was falling behind in my payments more and more over the course of this process. I never got 30 days behind, but I was close.

Thank you CHASE!!

]]> By: Tammy S http://loanworkout.org/2007/07/stop-foreclosure-with-option-one/#comment-5905 Tammy S Thu, 12 Jun 2008 15:04:37 +0000 http://loanworkout.org/2007/07/13/stop-foreclosure-with-option-one/#comment-5905 We are in the same position. We have been with Option One for 3yrs without a late payment. My husband has never been late on any mortgage. We begin trying to work with them before missing a payment to no avail. We are now missed one payment. We have contacted the Loan Modification department (uh!) My husband had to send a letter to the company's president to receive a return call. They gave a date when a negotiated would call...he never called. My husban kept calling, now they have given us another date when we should receive a call from a negotiator. I have been reading horror stories on the web about them add large fees, foreclosing and selling homes without the homeowner knowing. What is being done about this company? What can we do? We are in the same position. We have been with Option One for 3yrs without a late payment. My husband has never been late on any mortgage. We begin trying to work with them before missing a payment to no avail. We are now missed one payment. We have contacted the Loan Modification department (uh!) My husband had to send a letter to the company’s president to receive a return call. They gave a date when a negotiated would call…he never called. My husban kept calling, now they have given us another date when we should receive a call from a negotiator. I have been reading horror stories on the web about them add large fees, foreclosing and selling homes without the homeowner knowing.

What is being done about this company? What can we do?

]]> By: Brenda H http://loanworkout.org/2007/07/stop-foreclosure-with-option-one/#comment-5903 Brenda H Thu, 12 Jun 2008 09:28:18 +0000 http://loanworkout.org/2007/07/13/stop-foreclosure-with-option-one/#comment-5903 WOW, I thought I was just too anxious. trying to work with option one, i have had nothing but frustration. i started 2/25/08 with my hardship letter ( as my payment went from 1462.00 to 2022.00) i am a single grandma raising two grandchildren working foll time nights. i have never missed a payment, however i can not pay this rate. i have talked to christine maldanado in los angeles, ( when i can reach her) and her response is " we are waiting for your tax records for the property tax" they have been waiting for over 6 weeks now. i called the tax board and they sent the tax bill over two weeks ago? today i opened a letter from option one saying i was in default. this letter was dated 6/3/08 wisting my june payment along with 332.00 late fees less my may payment, ( my june payment is just NOW due). i am NOT SURE if they are really going to help me or not? I was told my may payment is in a " special account" and to call back tomorrow and talk to someone else, ( as christie maldanado is out of the office for a few days). Has ANYONE got a "loan modification with option one"? Now i a m scared, i really want to keep our little home, however i cant keep working 6 days 12 hours a night, i am too old for that... keep in touch please.... brenda h WOW, I thought I was just too anxious. trying to work with option one, i have had nothing but frustration. i started 2/25/08 with my hardship letter ( as my payment went from 1462.00 to 2022.00) i am a single grandma raising two grandchildren working foll time nights. i have never missed a payment, however i can not pay this rate. i have talked to christine maldanado in los angeles, ( when i can reach her) and her response is ” we are waiting for your tax records for the property tax” they have been waiting for over 6 weeks now. i called the tax board and they sent the tax bill over two weeks ago? today i opened a letter from option one saying i was in default. this letter was dated 6/3/08 wisting my june payment along with 332.00 late fees less my may payment, ( my june payment is just NOW due). i am NOT SURE if they are really going to help me or not? I was told my may payment is in a ” special account” and to call back tomorrow and talk to someone else, ( as christie maldanado is out of the office for a few days).
Has ANYONE got a “loan modification with option one”?
Now i a m scared, i really want to keep our little home, however i cant keep working 6 days 12 hours a night, i am too old for that…
keep in touch please….
brenda h

]]> By: Theresa http://loanworkout.org/2007/07/stop-foreclosure-with-option-one/#comment-48 Theresa Mon, 09 Jun 2008 13:40:27 +0000 http://loanworkout.org/2007/07/13/stop-foreclosure-with-option-one/#comment-48 I have been going through "loan modification" since 11/07. Guess what? Still nothing. Somewhere they had are bring home pay at S4900 a month. I have no idea whose income they were looking at, but it wasn't ours. They finally sent a package and it was the exact same thing we were fighting. Since it had to go back to loan modification, they just keeping tacking on charges which I feel we should not be responsible for since we never reported that income. Joseph must be a busy man. He seems to contact everyone. I filed with the Attorney General's Office of my state which was a waste. They in turn, turned it over to the OCC. So far, nothing. By the time they get finished tacking on their fews and back payments, the house will have a loan of 3 times the value it is worth. I'm sure I will get a call or letter asking for more info. It's just to stall. I don't understand how some people get those taken care of in no time. It has been 8 months for us. Why? Don't say call - I just get shoved from one person another and no one knows anything!!!! I have been going through “loan modification” since 11/07. Guess what? Still nothing. Somewhere they had are bring home pay at S4900 a month. I have no idea whose income they were looking at, but it wasn’t ours. They finally sent a package and it was the exact same thing we were fighting. Since it had to go back to loan modification, they just keeping tacking on charges which I feel we should not be responsible for since we never reported that income. Joseph must be a busy man. He seems to contact everyone. I filed with the Attorney General’s Office of my state which was a waste. They in turn, turned it over to the OCC. So far, nothing. By the time they get finished tacking on their fews and back payments, the house will have a loan of 3 times the value it is worth. I’m sure I will get a call or letter asking for more info. It’s just to stall. I don’t understand how some people get those taken care of in no time. It has been 8 months for us. Why? Don’t say call – I just get shoved from one person another and no one knows anything!!!!

]]> By: Salvatore Sangeniti http://loanworkout.org/2007/07/stop-foreclosure-with-option-one/#comment-5904 Salvatore Sangeniti Mon, 05 May 2008 10:36:54 +0000 http://loanworkout.org/2007/07/13/stop-foreclosure-with-option-one/#comment-5904 Good Morning, I am currently going through what some people would call a "Living Hell" with Option One. As everyone who is having problems with their mortgage, Option One is less then negotiable when it comes to payment and modification. I was told to keep my house, I would have to send in the back payments, and once the loan resets, I still will owe the remaining balance, and still face foreclosure. In all my years I have never dealt with such incompetence and non-compassion of a human being. This company should go bankrupt, and the people who tell you that you have no alternative but lose your house should never go through what the American public is experiencing. I'm hoping that someone from "Option One has the time to read what the public feels about their company. Thank you. Good Morning,
I am currently going through what some people would call a “Living Hell” with Option One. As everyone who is having problems with their mortgage, Option One is less then negotiable when it comes to payment and modification. I was told to keep my house, I would have to send in the back payments, and once the loan resets, I still will owe the remaining balance, and still face foreclosure. In all my years I have never dealt with such incompetence and non-compassion of a human being. This company should go bankrupt, and the people who tell you that you have no alternative but lose your house should never go through what the American public is experiencing. I’m hoping that someone from “Option One has the time to read what the public feels about their company.
Thank you.

]]> By: JudyJ http://loanworkout.org/2007/07/stop-foreclosure-with-option-one/#comment-49 JudyJ Tue, 08 Apr 2008 23:06:43 +0000 http://loanworkout.org/2007/07/13/stop-foreclosure-with-option-one/#comment-49 I too have sent in Modification paperwork to Chase back in Dec 07, only to get the run-around from that point forward and a different answer each time I call (which is on the magnitude of twice a week), so here I set in April, 5 monhts gone by, while they collect interest on the holding account all my payments go into and charge me late fees at the same time while I wonder when, no longer is it an 'if' but when the sherrif is going to come to serve notice even though I've expressed this fear to Chase and been told I don't have to worry since it's marked an 04 whatever. Is there any rumblings of a class action lawsuit yet?? Perhaps there should be............this can't be legal and it's certainly not what I would condider ethical business practices. I too have sent in Modification paperwork to Chase back in Dec 07, only to get the run-around from that point forward and a different answer each time I call (which is on the magnitude of twice a week), so here I set in April, 5 monhts gone by, while they collect interest on the holding account all my payments go into and charge me late fees at the same time while I wonder when, no longer is it an ‘if’ but when the sherrif is going to come to serve notice even though I’ve expressed this fear to Chase and been told I don’t have to worry since it’s marked an 04 whatever. Is there any rumblings of a class action lawsuit yet?? Perhaps there should be…………this can’t be legal and it’s certainly not what I would condider ethical business practices.

]]> By: Chris http://loanworkout.org/2007/07/stop-foreclosure-with-option-one/#comment-5902 Chris Sat, 09 Feb 2008 22:38:15 +0000 http://loanworkout.org/2007/07/13/stop-foreclosure-with-option-one/#comment-5902 Anthony and Lashonda Robinson, What state do you live in and if possible can you get the name of the person who bought your home? Anthony and Lashonda Robinson,

What state do you live in and if possible can you get the name of the person who bought your home?

]]> By: Anthony & LaShonda Robinson http://loanworkout.org/2007/07/stop-foreclosure-with-option-one/#comment-5901 Anthony & LaShonda Robinson Sat, 09 Feb 2008 17:39:16 +0000 http://loanworkout.org/2007/07/13/stop-foreclosure-with-option-one/#comment-5901 Oh my! It's really a shock to see so many people going through the same thing my husband & I are facing with Option One. We submitted all the paperwork to Option One before the foreclosure date which was on Feb 5th. No one contacted us to let us know that they received our fax and what they decided on doing. Just so happened, my husband called them, due to the fact NO-ONE ever called us to let us know that our home was sold on Feb 07. What & where do we go from here. We are firsat time home buyers and REALLY want to save our home. We even offered to pay th $7,000 fro the repayment option. We are so confrused. We just found out yesterday on our way to work, that they sold our home. If ther's anyone out there to help, PLEASE help. I can't eat nor sleep knowing my kids maybe homeless in the next few days. What to do??????????????????? Oh my! It’s really a shock to see so many people going through the same thing my husband & I are facing with Option One. We submitted all the paperwork to Option One before the foreclosure date which was on Feb 5th. No one contacted us to let us know that they received our fax and what they decided on doing. Just so happened, my husband called them, due to the fact NO-ONE ever called us to let us know that our home was sold on Feb 07. What & where do we go from here. We are firsat time home buyers and REALLY want to save our home. We even offered to pay th $7,000 fro the repayment option. We are so confrused. We just found out yesterday on our way to work, that they sold our home. If ther’s anyone out there to help, PLEASE help. I can’t eat nor sleep knowing my kids maybe homeless in the next few days. What to do???????????????????

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