Comments on: Can’t Refinance? How About a Loan Modification?

By: Terry

Terry — Wed, 08 Apr 2009 18:25:25 +0000

Have just received the download of your introductory ebook or segments of the loan mod process. Can’t seem to access or open any of the areas in either text format. I would like to look at these and consider your full text book once I can get to the data.
I do some loan mod cases now through a firm in my local, as well as referring (enrolling) several ARM loan clients to my website for the same service handled similarly but with some flexiblility in the pricing for the services.

By: Frank Ramsey

Frank Ramsey — Fri, 27 Feb 2009 23:15:39 +0000

my car loan is way over due. Can not afford to pay on it and it is ruining my credit. due to trying to get others to pick up payments the car has occured high milage and body damage. This will make it to were I can not get any money out of the car in a sale. I owe 18,000.00 still which is riducules since it only cost 17,000.00 to start. I am out of options and need solutions. please respond by e-mail.

By: refinance and save

refinance and save — Fri, 20 Jun 2008 00:37:20 +0000

Step-by-Step Guide To Getting Banks To Discount Properties by 40%!

By: Kay

Kay — Thu, 15 May 2008 23:53:00 +0000

HSBC will lose money if you lose your home that is not what they want to happen.
However, the terms of the ARM loans are disclosed to the customer. We are talking about subprime lending here, meaning you have bad credit feel lucky they gave you a home loan at all.
HSBC will work with you if you work with them!
How can call your creditor and say help me because soon I am not going to be able to make my payments at all? That’s not how the world works if you have a loan you have to pay it back no matter what happens to you unless it is insured, which is something HSBC offers to its customers when they open a loan.
If you lose your job, go back to school, get in an accident, get sick whatever – you still have to pay your bills.
The point is, it’s better to send them something then nothing at all. Even if it does not meet the minimum.

By: Bill

Bill — Fri, 11 Apr 2008 13:19:54 +0000

HSBC Loan Modifications are a scam to collect more money from you prior to forclosure!!!! Lost my job and got behind. Called them and tey agreed to work with me however would need a minimum $1000.00 check by phone to qualify..agreed “verbally” for the payment to be 1000-1200 for 6 months. Got the letter in the mail and it was 1950.00 per month…leaving us with $500.00 per month to pay other bills and eat?????? Couldn’t do it….they called again and offered to hold off on forclosure if we could pay another $1000.00, and they would “come up with a better plan”..we did and they didn’t! This is now April 11…sale date may 5….another offer….pay 3k stop forclosure…and 5 year plan at 1162.00/month? Not bad…send me the papers!!! never got them! called and it was now $1500/mo…..glad I waited and did no more cheks by phone!!!!!….GET IT IN WRITING!!! They just want to get as much $$$$$$ as possable before they take your home!! Sad, but true!!! They lie!!!! AND!!! This was their loan modification department doing this!!!!!!

By: Best Mortgage Rates Refinancing

Best Mortgage Rates Refinancing — Fri, 11 Apr 2008 11:56:29 +0000

Great article found it very informative indeed. You have some great resources on your blog. I like looking at the best mortgage rates refinancing

By: Tiffany Rodriguez-Taylor

Tiffany Rodriguez-Taylor — Sun, 02 Mar 2008 09:14:10 +0000

Thank you for the information.

By: esther

esther — Thu, 07 Feb 2008 23:39:40 +0000

I think the problem doesn’t lie in people taking out mortgages that they can afford, it’s the fact that ARM rates adjust to a preset amount with any lender…typically 3 full percentage points on the first round, and an additional 3 percent about a year later. When homeowners attempt to refinance their home to get out of this “teaser rate”. they are finding that their home’s appraisal is coming in significantly lower than the amount of financing they need. This means you’re either stuck with the original mortgage and ridculous rate increase, or you lose your house.

I personally worked wth HFC for a hardship program in which my interest rate dropped 4% for 6 months, saving me over $3,500 during the 6 month period. This saving is paying for our increased property tax…which skyrocketed due to all of the homes in the area that have been foreclosed upon, thus no property taxes were paid to this little New Hampshire town that basically has no other income for schools, programs, etc. than property taxes.

Might I recommend to anyone having difficulties contacting their lender to try ACORN. If that doesn’t work, go through the feds at http://www.hud.gov. If there’s anything that a mortgage company doesn’t want more than your house, it’s a bad rep with the feds….

By: Joe

Joe — Wed, 16 Jan 2008 22:39:33 +0000

How about taking out mortgages that you can afford, rather than breaching the contract that you signed with your lender and complaining about the repercussions?

By: Mortgage Refinance Loans

Mortgage Refinance Loans — Fri, 21 Dec 2007 16:33:10 +0000

I was researching the same thing when I saw this.. I can not agree more – but I am still going to look for a better source