Please join our one of a kind homeowner’s forum to help you stop foreclosure and where you can ask questions and get answers in this unique and interactive community. This forum was created to assist people in an anonymous, yet open question format. Meet other homeowners that are trying to get a loan modification and are going through the same thing. Obtain foreclosure assistance and get the help you need from industry experts and foreclosure defense attorneys.
Tools, Tips, Links & Testimonials to Help Homeowners Stop Foreclosure from www.LoanSafe.org:
- Ways to Save Your Home
- Foreclosure Process
- Example Harship Letter
- Sample Income & Expense Sheet
- Essential Tips to Help You Get a Loan Modification
- Lender Loss Mitigation Phone Numbers
- Foreclosure Laws by State
- The Effects of a Foreclosure, Short Sale or Deed in Lieu on Your Credit
- Search For Non Profit Help
- Money Tips for Struggling Homeowners
- The ONLY True FREE Credit Report from the FTC
- Is Your Lender or Servicer Charging You for Questionable Fees or Bogus Charges? Learn How to Fight Back Using the Law!
- Homeowner Fights Bank of America for 11 Years and Lives Payment Free
Five2one:
As an afterword to my very long story, I would like to thank Moe and LoanSafe.org from the deepest bottom of my heart for this site. It has been a Godsend to me, a place where I can “air out” safely and find support as well as offering me an opportunity to add my prayers and thoughts for others who are in need. I will continue to visit and continue to pray for those who are impacted by this devastating situation. THANK YOU!
Moe had so generously offered to act as an intermediary with Litton on my problem with my loan modification. I had typed up a summary for Moe to help him, but thought I would try one last time to contact Litton directly about my loan modification. Imagine my very pleasant (more than pleasant actually) surprise to find out that not only had the modification NOT been declined, as the officer in foreclosure told me, but it had actually been approved! I still have to receive final sign off from a supervisor, but this is what Litton told me, along with due dates and terms.
wish everybody dealing with this situation the best for the holidays. This was a wonderful holiday gift for me, and I wish you all the same. This is an awful type of thing to have to deal with, and my heart is out for everyone working through this process. I know the sleepless nights I’ve had over this. But mine is concluding positively, and I wanted to share it with everyone, at least as a point of hope.
Hello!
I just found out about this website about a year after my mortgage crisis began, and one day after I received my loan modification paperwork from my lender, Wells Fargo. I wish I had known about this website sooner.
Please join our one of a kind homeowner’s forum where you can ask questions and get answers in this unique and interactive community that was created to assist people in an anonymous, yet open question format.
or just ENTER THE FORUM NOW
{ 11 comments… read them below or add one }
We acquired our mortgage in Aug. 2007 and my husband is a stage technician. I am 65 and on Social Security. Since the Writers’ strike, my husband has had very little work and our January Mortgage Payment has not been paid. Today is the last day to get it in but we don’t have it. I called our Mortgage company and they said that we are not eligible for the Hope program because we only had our mortgage for five mos.
I can’t remember but I think she said it should be around 3 years old.
We are going through such hardship especially since I have been a caretaker for my son who has had 2 back surgeries and is still recovering. He has become increasingly upset and nervous because of our situation and this hasn’t helped his condition any.
Please, is there any way you can help us to defer our payment? We really need help, and thank you kindly for allowing us this opportunity to voice our problem.
Virginia, you should log onto the forum (the link is above) there is lots of information there and people who are going through the same situation you are. You are bound to find help there.
This is on the right track! The government needs to get the properties off the market; stop trying to mess with mortgages and inflate housing! Keep the bailout isolated to helping individuals, where it belongs!
I’ll go as far as saying this is a step in the right direction but only because it focuses on the non functioning debt markets.
I’m not crazy about having the taxpayer hold the bag for the banks and investment companies. This transfers the risk from them to the government (us). Unless I saw people who are most responsible for this debacle, go to jail for the rest of their lives, then I don’t think I could go along with this in it’s present state.
It also sounds too cheap. 25 Billion in seed money seems minuscule compared to the trillions in bad debt out there.
None the less, any aid to homeowners should be means tested. Not on a most needy basis but on a basis whereby the homeowners who are financially strongest, get the aid first. So we should start handing out the help to homeowners with the most equity first and help those homeowners who can PROVE a capacity to repay the modified mortgage first.
The money will run out long before being able to bail out 100% ltv homeowners who have nothing to lose, so to speak, except a place to live.
No, no, no, no, no!! No bailout for owners or Wall Street. People need to live with the consequences of their choices – period.
Well, right now we’re bailing out the banks and printing them money so cool like it’s day old newspaper – all the while our mighty dollar goes straight down the drain. I’m afraid the pot’s already been stirred, then again – that’s what got us here in the first place.
This may or may not be a good idea, but when a pipe breaks, the first thing you should do is turn off the water before you start mopping up the spill. Option ARMs are still legal. Stated Income loans are still legal. Stated Income Option ARMs are still legal. WTF? He should focus first on legislation requiring that lenders obtain written documentation of borrowers’ reasonable ability to pay on ALL loans, not just rely on the Fed’s recent bogus rules that only apply to (now non-existent) so-called “higher-priced loans”. C’mon president Dodd, with all due respect, pull your head out.
I wonder where the heck is the money going to come from? Oh yeah! just print more money or let’s tax some more, bye bye dollar.
I do have a few questions or if someone can help or give me any further ideas for I’m at my wits end.
1- My loan adjusted in Sept 2007 I started in June by approaching my lenders to have my loan adjusted/renegotiated and was told no.
2-I started to try and re-fi but everytime I do there’s a roadblock. First it was my income/debt ratio was too high, then credit score wasn’t good enough, now it’s my appraisal-my home has decreased $25,000 in value in 4 months.
3- I’m on my 8th attempt at a re-fi and am attempting to talk to both lenders (I have an 80/20 interest only ARM) to have them shave $6,000 (what the different is between what I owe on the house and the what it’s worth) and neither is willing to budge. I can’t even get a hold of one of them any more. My loan is set to adjust again in March and the only other resolve I can see is to try and refi but take out a small loan for the $6,000…
I am working 3 jobs, have a roommate and have switched jobs in an attempt to make more money to cover this but can’t as of March…
Anyone have any other ideas on how to avoid foreclosing on my home?????
Do you need to be late on your payments in order to get a loan mod? What is the best way to do it yourself? I was thinking about calling the mortgage co, its with Citimortgage.
Where is the best place to start?
I can’t believe these people would buy a property worth over a half million dollars, without any money saved in case of this kind of situation. From what I understand, they did the same thing when they lived in New Jersey! It’s just plain stupidity on their part, and now they’re looking for taxpayers to bail them out….sound familiar?