Comments on: Despite Lender Rhetoric, Modifications to Date Have Been Limited http://loanworkout.org/2007/12/despite-lender-rhetoric-modifications-to-date-have-been-limited/ Loan Modification & Home Loan News Fri, 20 Nov 2009 12:55:43 -0700 http://wordpress.org/?v=2.8.6 hourly 1 By: lexapro http://loanworkout.org/2007/12/despite-lender-rhetoric-modifications-to-date-have-been-limited/#comment-8342 lexapro Mon, 17 Dec 2007 02:03:36 +0000 http://loanworkout.org/2007/12/05/despite-lender-rhetoric-modifications-to-date-have-been-limited/#comment-8342 <strong>lexapro...</strong> news... lexapro…

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]]> By: Lisa Stewart http://loanworkout.org/2007/12/despite-lender-rhetoric-modifications-to-date-have-been-limited/#comment-8341 Lisa Stewart Fri, 07 Dec 2007 18:42:55 +0000 http://loanworkout.org/2007/12/05/despite-lender-rhetoric-modifications-to-date-have-been-limited/#comment-8341 It is very fustrating. My husband and I re-financed our home 3 yrs ago with Wells Fargo, (before 2005), we have been in our home for 10 years. We had hoped we could re-finance our home before our loan adjusted which it did adjust on 11-3-2007. We could never re-finance because somehow our home would not appraise for what we owed. Go figure, how Wells got it to appraise for so much I will never know. We have been in Loss mitigation for 5 months now with no results. Our payment now is more than we can pay and still have living expenses (and I am talking about things like utilities and groceries). The only thing that qualifies us for this plan set forth is our credit score which has been trashed by all this. All we asked Wells to do was give us a fixed rate and add some years to mortgage which they refused to do. We could have kept house and they would still get their money. Mind you we are not stupid people who bit off more than we could chew. We really thought we could re-finance before the adjustment. We had almost perfect credit before all this drama. Maybe we should have just filed bancruptcy 3 years ago instead of re-fincing house to consolidate bills. I think we would be better off today, and that is a shame. Oh yea , our loan also re-sets every six months now. I am about to hand over the keys. I am sick of it. It is very fustrating. My husband and I re-financed our home 3 yrs ago with Wells Fargo, (before 2005), we have been in our home for 10 years. We had hoped we could re-finance our home before our loan adjusted which it did adjust on 11-3-2007. We could never re-finance because somehow our home would not appraise for what we owed. Go figure, how Wells got it to appraise for so much I will never know. We have been in Loss mitigation for 5 months now with no results. Our payment now is more than we can pay and still have living expenses (and I am talking about things like utilities and groceries). The only thing that qualifies us for this plan set forth is our credit score which has been trashed by all this. All we asked Wells to do was give us a fixed rate and add some years to mortgage which they refused to do. We could have kept house and they would still get their money. Mind you we are not stupid people who bit off more than we could chew. We really thought we could re-finance before the adjustment. We had almost perfect credit before all this drama. Maybe we should have just filed bancruptcy 3 years ago instead of re-fincing house to consolidate bills. I think we would be better off today, and that is a shame. Oh yea , our loan also re-sets every six months now. I am about to hand over the keys. I am sick of it.

]]> By: Statement of Center for Responsible Lending in Response to … http://loanworkout.org/2007/12/despite-lender-rhetoric-modifications-to-date-have-been-limited/#comment-2500 Statement of Center for Responsible Lending in Response to … Fri, 07 Dec 2007 18:19:48 +0000 http://loanworkout.org/2007/12/05/despite-lender-rhetoric-modifications-to-date-have-been-limited/#comment-2500 [...] Moe placed an observative post today on Statement of Center for Responsible Lending in Response to … [...] [...] Moe placed an observative post today on Statement of Center for Responsible Lending in Response to … [...]

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