Comments on: Need Help With Your Mortgage or a Loan Modification?

By: pickleman773

pickleman773 — Sun, 21 Sep 2008 17:26:45 +0000

Clarks Loan Investments is listed as a scam online. About half way down the page:

http://www.data-wales.co.uk/ni_fake_loans.htm

Barr Donald frank, psfcb_loanoffer@yahoo.it, NO 5 Adeola hopewell, Victoria island, Lagos, Nigeria. Matheu Hilario, chublenders1@hotmail.com. Clarks Loan Investments, clarksinvestments.com. Nalcfl Finance Inc, nat_alanf@hotmail.com, Alan Franklin. Derrick George Telling, , communitytrust@gmail.com, Rev. Antony Jones.

By: ann

ann — Sat, 24 May 2008 08:01:49 +0000

I have had a very difficult time. After fixing mold in my condo I took the equity and purchased a home three years ago. The realtor forged my escrow docs and we have been in litigation for fraud breech of contract and non disclosure for three years. I was three months behind in mortgage payments due to the cost of legal fees, mold remediation (realtor conspired with inspector she insisted to hire) and was not safe and 40 grand in undisclosed code violations. she was the dual agent for the guy in her office that was the agent seller owner and builder of the home. long story short. I have renters now in the house and live with my family. I can cover the mortgage that way only but am behind. they are calling 20 plus times a day and put it into forclosure it is in CA. I have 450 grand invested in the home which is everything I had. They promised on tape to renegotiate the loan if I made a good faith payment with an extra 40 a month. I did so. no new loan docs. april comes they claim they are on the way. I send another nearly three grand. two weeks ago they call the note saying if I dont cure the 19 grand default (4 grand in fees) that they will foreclose. I asked about the renegotiation and they told me that the rules had changed. they milked me for an extra 6 grand. what do I do? ready to lose it all in CA

By: Callie

Callie — Thu, 08 May 2008 16:52:31 +0000

Which 3rd party Loss Mitigation Companies are legit?

By: Robert

Robert — Wed, 07 May 2008 13:06:23 +0000

If you think an attorney can help you stop your foreclosure, think again. Most attorney have their head up high. What makes you think their fees are reasonable? If you really deep where your like 10 months behind, the best thing to do is contact a bankruptcy attorney and file a chapter 13 right away! If you are working with an attorney on your loan modification, the chances are they will charge you addition fees to fill a chapter 13, if they are specialized in bankruptcy! the court charges their fees,and this is something not disclosed in this website.

By: Robert

Robert — Wed, 07 May 2008 12:35:25 +0000

I can understand that many of you are facing financial difficulties. What many homeowners do not understand is that when you hire a modification company to contact your lender on your behalf is that they are on the phone 2-3 hours a day making sure that all the documents provided are received, and in the process of being underwritten or being reviewed. I don’t disagree with Bob. This website state do not pay anyone to help you do your loan modification, but there are advertisement of attorney to review your paper work, and also this company founder also charges you to review your paperwork. There is no difference. There is a contradiction in the statement on this website. I have been in the mortgage industry for 10 years, and you will always have loan officers who come and go, but understand that because of people who cashed out their equity to buy new cars, take vacation, and over spent. The banks and people like me are suffering for it. You people are grown adults, and should know better! Bank over analyzed on the booming market, but it doesn’t mean you treat your house like a piggy bank and spend all your money and then blame the bank for what you spent your money on! I’m sure at 1 out of 10 had different situation. It’s like giving a drug addict to sell drugs. How could you expect the drug addict to sell his drugs and make a profit. It’s unfortunate that people who are responsible have to suffer for this situation! People with bad credit complain they can’t get even approved for a FHA loan. Do you seriously think the government can help people who are in this boat? Raising the conforming loan limits because people can’t support their monthly income.

By: Bob

Bob — Mon, 28 Apr 2008 13:53:00 +0000

Boy Moe, sounds like you are assisting people in cheating the system. Two wrongs dont make a right. You should really think before you write about ways to swindle and steal.

By: Clarks Loan Investments

Clarks Loan Investments — Tue, 11 Mar 2008 22:08:28 +0000

This is Clarks Loan Investments. We are into helping people get out of financial problems. Do you need a loan; do you have had credit but serious need financial help? Have you been turned down by banks and lending homes?. We offer out financial help to the public with low rates of 5% and from the range of $2,000 to $100,000 (Personal Loans) $20,000 to $5,000,000 (Business Loans) 100% Project, business and personal Funding with secured and unsecured loans available. We are guaranteed in giving out financial services to our numerous clients all over world. With our flexible lending packages loans can be processed and funds transferred to the borrower within shortest time possible. We operate under a clear and understandable terms and we give loans of all kinds to interested clients who are approved by our funds approving dept. More in formations about our firm contact us via email. Interested clients should please fill the borrower’s form below.

Borrower’s In formations

Name:

Location:

Amount Needed:

Country:

Phone Number:

Thanks for your time.

Clarks Loan Investments

E-mail: clarks_investments@hotmail.com

By: Nick

Nick — Wed, 05 Mar 2008 16:13:47 +0000

Good points, homeowners can do most of the loss mitigation on their own. Sometimes the hardest part is dealing with the lender or even getting them to answer the phone and respond to voicemail. That seems pretty ironic since their collections department has no problem calling homeowners all day, but their loan workout department can’t seem to answer the phone or call anyone back. But if the homeowners can not get a call back, then a third party loss mitigation company will probably not have any more success. And the third party companies have far less interest in saving the home.

By: Bill

Bill — Thu, 28 Feb 2008 06:46:05 +0000

Dear Federal Office of Thrift Supervision:

Home owners who owe more than the current value of their homes should continue to pay their loans, as they agreed to do. The owner would expect to get the full value of the increase if the value of their house went up. If it goes down, they should not expect someone to guarantee themselves against loss.

To any remaining free Americans:

Very soon, nearly every home in America that was purchased using a mortgage in 2004-2006 will be “under water”. All of these loans will be turned over the federal government under the suggestion of this federal agency that wants to expand. The point of all of this is to nationalize the home mortgage business.

By: Sharp

Sharp — Mon, 25 Feb 2008 23:45:04 +0000

I am frustrated that everyone is worried about the investors when the ones who are at fault with the problem foreclosure are those such as Litton Loan Servicing. An example is in my case. Litton is added fees to my loan which are taking out of payments which should be going to the loan and not to them. Example. A woman I know paid Litton 2500 dollars to catch up her loan which she got behind because she had cancer. She called Litton and they told her that is what she owed. She then received a notice of foreclosure a month later. Saying she is 3200 behind. When she looked at her statement she noticed the 2500 was disperse in this way. Instead of three payments which would have caught her loan up, they paid only one. Then 700 went to forebearance fee (which she was not under a forebearance plan and 1200 went to coorporate fees. None of this 1900 went to the payment of her home but to Litton Loan who does not own the note but represents an investor who owns the note. What is wrong with this picture you ask? Well lets see, not only will the investor have lost because the loan will go into foreclosure but will also lose when my friend files for chapter 7 bankruptcy. So if you want to get the fraudulent company – look up litton loan and you will not believe all you read. Many homeowners in Ohio, Michigan, Texas and many other states have loans of investors through Litton. Lets be fair to everyone and shut down Litton. They need held accountable for everything they have done. Lying, cheating, stealing, etc etc. Time for our government to put them to rest and make them accountable for putting investing and homeowners at risk. And the economy and those middle class are the ones who have to foot the bill. All loans litton has should be paid in full and investors and homeowners should be the winners.