Comments on: Bring Down the Banks with these Foreclosure Defense Tactics http://loanworkout.org/2008/07/bring-down-the-banks-with-these-foreclosure-defense-tactics/ Loan Modification & Home Loan News Mon, 22 Mar 2010 00:08:06 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Ruth http://loanworkout.org/2008/07/bring-down-the-banks-with-these-foreclosure-defense-tactics/#comment-19903 Ruth Sun, 28 Feb 2010 23:10:47 +0000 http://loanworkout.org/?p=609#comment-19903 Amy, how much money do you owe on the house? The bank is not the one who fired your husband. What if you only made 2000 or 1500 per month. You can't afford your house, stop making others the bad guy. Amy, how much money do you owe on the house? The bank is not the one who fired your husband. What if you only made 2000 or 1500 per month. You can’t afford your house, stop making others the bad guy.

]]> By: Leroy O. Bama http://loanworkout.org/2008/07/bring-down-the-banks-with-these-foreclosure-defense-tactics/#comment-19871 Leroy O. Bama Fri, 26 Feb 2010 06:53:10 +0000 http://loanworkout.org/?p=609#comment-19871 to Amy- Stop paying them. If the money keeps coming in, there are NO problems. Capiche? to Amy- Stop paying them. If the money keeps coming in, there are NO problems. Capiche?

]]> By: Amy Camacho http://loanworkout.org/2008/07/bring-down-the-banks-with-these-foreclosure-defense-tactics/#comment-19862 Amy Camacho Fri, 26 Feb 2010 01:33:47 +0000 http://loanworkout.org/?p=609#comment-19862 We have an adjustable rate loan with countrywide(now b of a) . its up to $2400 amonth and I lost my job my husband only make 3000 a month. Ive tried several times to get my loan modified but they keep denying saying the reason is the 'INVESTOR DENIED". Who is this and how is it fair?? Is there any way we can get them to modify so we dont lose our house? We have an adjustable rate loan with countrywide(now b of a) . its up to $2400 amonth and I lost my job my husband only make 3000 a month. Ive tried several times to get my loan modified but they keep denying saying the reason is the ‘INVESTOR DENIED”. Who is this and how is it fair?? Is there any way we can get them to modify so we dont lose our house?

]]> By: Perry http://loanworkout.org/2008/07/bring-down-the-banks-with-these-foreclosure-defense-tactics/#comment-19619 Perry Thu, 11 Feb 2010 02:49:38 +0000 http://loanworkout.org/?p=609#comment-19619 Lauren- If the "appraisal" is so low why worry about it? The property is worthless. Isn't your mothers quality of life more important than a mortgage. (I don't even want to know how long she has been paying on it.) Who is the lender? Lauren- If the “appraisal” is so low why worry about it? The property is worthless. Isn’t your mothers quality of life more important than a mortgage. (I don’t even want to know how long she has been paying on it.) Who is the lender?

]]> By: lauren http://loanworkout.org/2008/07/bring-down-the-banks-with-these-foreclosure-defense-tactics/#comment-19614 lauren Thu, 11 Feb 2010 00:01:08 +0000 http://loanworkout.org/?p=609#comment-19614 my mom filed for modification a while back, so they gave her a trial period. And after the trial period she had been trying to get in touch with them. She finally did, TODAY. and the supervisor told her that bc the house appraisal is so low they cannot further make the modification permanent even though we had done all the steps she paid 3500 and made all three of the trial payments on time and everything. Now they are asking her to file the entire process basicly redo and repay them, and on top of that everything she owed during the awaiting period before she got the modification. And now shes terrified, she doesnt know what were going to do bc we cannot afford to repay everything. Can they or do they have the right to do this? I mean the original loan modification was actually based on the her loan not the house value. So is this right? And what can we do, we are our options? my mom filed for modification a while back, so they gave her a trial period. And after the trial period she had been trying to get in touch with them. She finally did, TODAY. and the supervisor told her that bc the house appraisal is so low they cannot further make the modification permanent even though we had done all the steps she paid 3500 and made all three of the trial payments on time and everything. Now they are asking her to file the entire process basicly redo and repay them, and on top of that everything she owed during the awaiting period before she got the modification. And now shes terrified, she doesnt know what were going to do bc we cannot afford to repay everything. Can they or do they have the right to do this? I mean the original loan modification was actually based on the her loan not the house value. So is this right? And what can we do, we are our options?

]]> By: Jeanie http://loanworkout.org/2008/07/bring-down-the-banks-with-these-foreclosure-defense-tactics/#comment-19592 Jeanie Tue, 09 Feb 2010 07:33:40 +0000 http://loanworkout.org/?p=609#comment-19592 As time goes by the pattern is becoming clear, most mods are not approved, the banks have no incentive to approve them, esp. when you have equity. I think they just string you along long enough until they can slam dunk you. They never had any intention of helping. As time goes by the pattern is becoming clear, most mods are not approved, the banks have no incentive to approve them, esp. when you have equity. I think they just string you along long enough until they can slam dunk you. They never had any intention of helping.

]]> By: Sammy S http://loanworkout.org/2008/07/bring-down-the-banks-with-these-foreclosure-defense-tactics/#comment-19407 Sammy S Wed, 27 Jan 2010 06:48:31 +0000 http://loanworkout.org/?p=609#comment-19407 After going through 9 months of loan mod with Chase and being on trial mod and paying 7 months of trial mod payments, Chase is telling my lawyer they cannot give me a modification because my property is worth a little more than what I owe. They are asking me to "refinance with another lender" which is absurd! I have done everything they asked and all they did was get money from me. They cannot find any other excuse so they are saying my property is worth more than my loan (which is not!) After going through 9 months of loan mod with Chase and being on trial mod and paying 7 months of trial mod payments, Chase is telling my lawyer they cannot give me a modification because my property is worth a little more than what I owe. They are asking me to “refinance with another lender” which is absurd! I have done everything they asked and all they did was get money from me. They cannot find any other excuse so they are saying my property is worth more than my loan (which is not!)

]]> By: Moe Bedard http://loanworkout.org/2008/07/bring-down-the-banks-with-these-foreclosure-defense-tactics/#comment-19333 Moe Bedard Sat, 23 Jan 2010 15:18:04 +0000 http://loanworkout.org/?p=609#comment-19333 Thanks for the kind words! You do not have a lot of time. Dedpending on your state, you may have options. Check and see if your state has mandatory mortgage mediation throught your county courts. If not, you may want to contact the lawyer who is handling the trustee sale for the lender and ask or beg them for help in stopping the sale for 30-60 days while you work it out with the servicer. Call and email all your city, county and state Gob representiaves and email the CEO/Executives at the bank. Join my forum at www.LoanSafe.org/forum to get more help and tips. Try www.NACA.com or if all fails, you can seek an attorney to maybe file chapter 13 bankruptcy which will also stop the sale. Best of luck and don't give up!!!! Thanks for the kind words!

You do not have a lot of time. Dedpending on your state, you may have options. Check and see if your state has mandatory mortgage mediation throught your county courts. If not, you may want to contact the lawyer who is handling the trustee sale for the lender and ask or beg them for help in stopping the sale for 30-60 days while you work it out with the servicer.

Call and email all your city, county and state Gob representiaves and email the CEO/Executives at the bank. Join my forum at http://www.LoanSafe.org/forum to get more help and tips. Try http://www.NACA.com or if all fails, you can seek an attorney to maybe file chapter 13 bankruptcy which will also stop the sale.

Best of luck and don’t give up!!!!

]]> By: VeeJay http://loanworkout.org/2008/07/bring-down-the-banks-with-these-foreclosure-defense-tactics/#comment-19330 VeeJay Sat, 23 Jan 2010 11:17:12 +0000 http://loanworkout.org/?p=609#comment-19330 Hello Moe, You are absolutely great! I am behind on my mortgage since May2008 due to jobloss and loss of income by 50%. Tried to contact my lender on loan MOD. No response. Now I have received the foreclosure sale notice for Feb2. What woul be my quickest response to save our house. My income WILL increase this year substaintilly as I am in Sales/marketing and have closed on some great accounts. Hello Moe, You are absolutely great!
I am behind on my mortgage since May2008 due to jobloss and loss of income by 50%. Tried to contact my lender on loan MOD. No response. Now I have received the foreclosure sale notice for Feb2. What woul be my quickest response to save our house. My income WILL increase this year substaintilly as I am in Sales/marketing and have closed on some great accounts.

]]> By: DeeJay http://loanworkout.org/2008/07/bring-down-the-banks-with-these-foreclosure-defense-tactics/#comment-19160 DeeJay Wed, 13 Jan 2010 04:36:00 +0000 http://loanworkout.org/?p=609#comment-19160 Hi - I'm looking for a Foreclosure Defense attorney that is well-versed and aggressive with these strategies in NYC area. please let me know. Hit me up at davyjay@hotmail.com. Dealing with American Home Mortgage Servicing. Hi – I’m looking for a Foreclosure Defense attorney that is well-versed and aggressive with these strategies in NYC area. please let me know. Hit me up at davyjay@hotmail.com. Dealing with American Home Mortgage Servicing.

]]>