Comments on: Paulson Says Homeowners Are Not Asking for Loan Modifications. I say That’s Bull!

By: lori casey

lori casey — Fri, 09 May 2008 04:19:43 +0000

hi iam receivin at least 3 postcards a day from companies who claim to be able to work with my lender to modify my loan for a fee of course. how do you know which of these are not just out to buy your house from under you or just take your money? anyone heard of instant capital?

By: will

will — Tue, 01 Apr 2008 23:02:36 +0000

I had to respond to this. In November I let my first mortgage company know that I will have trouble paying the new adjusted rate in January and was wondering if they could help me out. I have been on the phone almost every day for one hour or more on hold since November. I wanted to make sure they received all of my docs and they understood my situation. Needless to say today is April 1, 2008. I did receive a modification. It is the same loan. I called GMAC and they said that is the best they can do. I asked if they could at least freeze the rate so the payment can remain as it was before. They said that is the best they can do. I tried talking to a manager and they told me no one else can help.
I called the hopeNow on March 26 and they told me to call them and try again. As I write this I am on hold with GMAC to talk to them again and tell them what the hopeNow guy told me to tell them. At this point it appears to me that GMAC is full of bull and they do not want to help anyone. The loan modification they gave me is the same amount the loan was that I have been telling them since November I cannot afford. At this point I am still trying but I do not expect much from GMAC.
Best of luck to you all.
Will

By: Merritt

Merritt — Tue, 04 Mar 2008 01:34:07 +0000

Will you be having anymore seminars like this? Denver Houses For Sale

By: Hope Now for Homeowners | Loan Modification & Loan Workout News

Hope Now for Homeowners | Loan Modification & Loan Workout News — Fri, 07 Dec 2007 00:54:31 +0000

[...] Bush announced details of the Hope Now initiative that Secretary Treasurer Henry Paulson has been diligently working on since August. The plan was part of deal with lenders, servicers and investors to come [...]

By: plogonot blog

plogonot blog — Thu, 08 Nov 2007 19:21:03 +0000

plogonot 34 post

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By: Moe

Moe — Wed, 31 Oct 2007 06:36:53 +0000

Righty Oh Mr. Molinaro!

By: Moe

Moe — Wed, 31 Oct 2007 06:35:16 +0000

Let me see what I can do. Great idea!

By: Paul J. Molinaro

Paul J. Molinaro — Wed, 31 Oct 2007 06:14:48 +0000

Save me a seat!

By: cathy

cathy — Wed, 31 Oct 2007 05:38:39 +0000

How about Webcast? I would love to be there, but I’m in Florida.