Comments on: These Lenders are Working to Help Stop Foreclosure http://loanworkout.org/2007/07/these-lenders-are-working-to-help-stop-foreclosure/ Loan Modification & Home Loan News Thu, 18 Mar 2010 17:28:50 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Tammy S http://loanworkout.org/2007/07/these-lenders-are-working-to-help-stop-foreclosure/#comment-104 Tammy S Thu, 12 Jun 2008 15:04:37 +0000 http://loanworkout.org/2007/07/17/these-lenders-are-working-to-help-stop-foreclosure/#comment-104 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/these-lenders-are-working-to-help-stop-foreclosure/#comment-102 Brenda H Thu, 12 Jun 2008 09:28:18 +0000 http://loanworkout.org/2007/07/17/these-lenders-are-working-to-help-stop-foreclosure/#comment-102 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: Salvatore Sangeniti http://loanworkout.org/2007/07/these-lenders-are-working-to-help-stop-foreclosure/#comment-103 Salvatore Sangeniti Mon, 05 May 2008 10:36:54 +0000 http://loanworkout.org/2007/07/17/these-lenders-are-working-to-help-stop-foreclosure/#comment-103 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: Chris http://loanworkout.org/2007/07/these-lenders-are-working-to-help-stop-foreclosure/#comment-101 Chris Sat, 09 Feb 2008 22:38:15 +0000 http://loanworkout.org/2007/07/17/these-lenders-are-working-to-help-stop-foreclosure/#comment-101 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/these-lenders-are-working-to-help-stop-foreclosure/#comment-100 Anthony & LaShonda Robinson Sat, 09 Feb 2008 17:39:16 +0000 http://loanworkout.org/2007/07/17/these-lenders-are-working-to-help-stop-foreclosure/#comment-100 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???????????????????

]]> By: Heather http://loanworkout.org/2007/07/these-lenders-are-working-to-help-stop-foreclosure/#comment-98 Heather Fri, 25 Jan 2008 10:22:20 +0000 http://loanworkout.org/2007/07/17/these-lenders-are-working-to-help-stop-foreclosure/#comment-98 Just wanted to let you know we are facing a problem with Option One as welland can not seem to get them to assist us with a logical solution. An initial payment of 15,000 is an outrage- if I had that the two payments wouldn't be late!!! Just wanted to let you know we are facing a problem with Option One as welland can not seem to get them to assist us with a logical solution. An initial payment of 15,000 is an outrage- if I had that the two payments wouldn’t be late!!!

]]> By: aloha kauai http://loanworkout.org/2007/07/these-lenders-are-working-to-help-stop-foreclosure/#comment-99 aloha kauai Fri, 25 Jan 2008 01:43:52 +0000 http://loanworkout.org/2007/07/17/these-lenders-are-working-to-help-stop-foreclosure/#comment-99 Optoin One has placed my foreclosure on hold and they have instructed me to save all my money for the down payment on the loan mod. Does anyone know what a typical down payment is for a loan mod??? Also, my principal balance is 639,000 plus they are charging me back interest of about 60,000. I have a current interest rate of about 10%. I know I am screwed. I had a baby and needed to take off work and refinaced and ameriquest said my taxes and insurance would be included and it wasn't and I was transfered to option one the next day. I am praying for some type of miracle. I am back on track with my job and need them to work with me. Is there anyway that they would give me a lower interest rate or forgive some of the interest???? Can anyone give me some advice????? Optoin One has placed my foreclosure on hold and they have instructed me to save all my money for the down payment on the loan mod. Does anyone know what a typical down payment is for a loan mod??? Also, my principal balance is 639,000 plus they are charging me back interest of about 60,000. I have a current interest rate of about 10%. I know I am screwed. I had a baby and needed to take off work and refinaced and ameriquest said my taxes and insurance would be included and it wasn’t and I was transfered to option one the next day. I am praying for some type of miracle. I am back on track with my job and need them to work with me. Is there anyway that they would give me a lower interest rate or forgive some of the interest???? Can anyone give me some advice?????

]]> By: JacMac http://loanworkout.org/2007/07/these-lenders-are-working-to-help-stop-foreclosure/#comment-96 JacMac Thu, 10 Jan 2008 02:28:54 +0000 http://loanworkout.org/2007/07/17/these-lenders-are-working-to-help-stop-foreclosure/#comment-96 aloha Kauai, you should go on over to the homeowners forum, the link is above, to the left. Many people who are dealing with Option One can help you. aloha Kauai, you should go on over to the homeowners forum, the link is above, to the left. Many people who are dealing with Option One can help you.

]]> By: aloha kauai http://loanworkout.org/2007/07/these-lenders-are-working-to-help-stop-foreclosure/#comment-97 aloha kauai Thu, 10 Jan 2008 02:14:39 +0000 http://loanworkout.org/2007/07/17/these-lenders-are-working-to-help-stop-foreclosure/#comment-97 I am in the process of trying to get a loan mod approved with a very nice women that is also helping me at option one. I just sent in all my papers today. She told me not to make any of my payments on my repayment plan while I am trying to get this approved. I am worried that if I do not get approved that I will fall back into foreclosure! I am taking her word for it. Can you pleasse give any words of advice or hope!! I pray everyday that this will get approved. I am in the process of trying to get a loan mod approved with a very nice women that is also helping me at option one. I just sent in all my papers today. She told me not to make any of my payments on my repayment plan while I am trying to get this approved. I am worried that if I do not get approved that I will fall back into foreclosure! I am taking her word for it. Can you pleasse give any words of advice or hope!! I pray everyday that this will get approved.

]]> By: JacMac http://loanworkout.org/2007/07/these-lenders-are-working-to-help-stop-foreclosure/#comment-95 JacMac Wed, 09 Jan 2008 12:10:44 +0000 http://loanworkout.org/2007/07/17/these-lenders-are-working-to-help-stop-foreclosure/#comment-95 That's great PollyAnne, you must have been beyond relieved! Moe should put your story over in the success forum, and maybe you can share what you did and who you spoke to so other's can share in your success, too! Best of luck to you. That’s great PollyAnne, you must have been beyond relieved!

Moe should put your story over in the success forum, and maybe you can share what you did and who you spoke to so other’s can share in your success, too!

Best of luck to you.

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