Comments on: Details on Obama’s Home Affordable Loan Modification Program http://loanworkout.org/2009/03/home-affordable-loan-modification-program/ - Free Mortgage, Auto and Student loan Calculators by LoanWorkout.org Wed, 23 May 2012 16:08:16 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Linda Alviso http://loanworkout.org/2009/03/home-affordable-loan-modification-program/#comment-31532 Linda Alviso Sun, 05 Jun 2011 06:52:58 +0000 http://loanworkout.org/?p=3267#comment-31532 I am loosing my home to scam artists, I was with PNC Mortgage. My loan was sold from Ameriquest Mortgage to Long Beach Mortgage to PNC Mortgage without my knowledge, How do I know who actually owns the deed to my home? I have lived here for 34 years, Lost my husband 3 years ago which put me in a finiancial bind. I also was in an accident at the same time, burned 3rd degree burns to 30% of my upper body & was hospitalized for days on end. Many surgeries & lots of hospital time. We own our own business, a lawn & landscaping business. My husband was the one who did all the bidding & actual planting. I did the billing which I am still trying to do. I tried with PNC Mortgage to do a refi & they turned me down. I hired a company Family Home Funding to do a refi & after months of trying found out they were nothing but a scam! Hired an attorney to try & fix this & once again I was scammed! I need HELP!!!!!!!!!!! I am out of money due to these two scams, How come I have to loose my home of 34 years because I was scammed????????? I am willing to pay my monthly payments in order to keep my home. HELP!!!!!!!!!!!!!! I am loosing my home to scam artists, I was with PNC Mortgage. My loan was sold from Ameriquest Mortgage to Long Beach Mortgage to PNC Mortgage without my knowledge, How do I know who actually owns the deed to my home? I have lived here for 34 years, Lost my husband 3 years ago which put me in a finiancial bind. I also was in an accident at the same time, burned 3rd degree burns to 30% of my upper body & was hospitalized for days on end. Many surgeries & lots of hospital time. We own our own business, a lawn & landscaping business. My husband was the one who did all the bidding & actual planting. I did the billing which I am still trying to do. I tried with PNC Mortgage to do a refi & they turned me down. I hired a company Family Home Funding to do a refi & after months of trying found out they were nothing but a scam! Hired an attorney to try & fix this & once again I was scammed! I need HELP!!!!!!!!!!! I am out of money due to these two scams, How come I have to loose my home of 34 years because I was scammed????????? I am willing to pay my monthly payments in order to keep my home. HELP!!!!!!!!!!!!!!

]]> By: Citi Mortgage Loan Mod Help PLEASE!!! http://loanworkout.org/2009/03/home-affordable-loan-modification-program/#comment-21771 Citi Mortgage Loan Mod Help PLEASE!!! Tue, 28 Sep 2010 22:47:59 +0000 http://loanworkout.org/?p=3267#comment-21771 [...] modification. It includes responses with information. Debt to Income ratio for loan modification Details on Obama’s Home Affordable Loan Modification Program | LoanWorkout.org Go over the titles at the bottom of the articles: Eligibility and Verification, Loan Modification [...] [...] modification. It includes responses with information. Debt to Income ratio for loan modification Details on Obama’s Home Affordable Loan Modification Program | LoanWorkout.org Go over the titles at the bottom of the articles: Eligibility and Verification, Loan Modification [...]

]]> By: Shelly Anderson http://loanworkout.org/2009/03/home-affordable-loan-modification-program/#comment-21104 Shelly Anderson Sat, 26 Jun 2010 21:13:37 +0000 http://loanworkout.org/?p=3267#comment-21104 We started a loan mod with a 3rd party company they were able to modifiey the 2nd loan. We, my husband and I decided two go thru the lender for the 1st loan. My question is when your denied and request another loan mod., your not yet on trial payments just starting processing paperwork, who payes the property taxes on the home? Are we responsible our is it the banks responsiblity? We started a loan mod with a 3rd party company they were able to modifiey the 2nd loan. We, my husband and I decided two go thru the lender for the 1st loan. My question is when your denied and request another loan mod., your not yet on trial payments just starting processing paperwork, who payes the property taxes on the home? Are we responsible our is it the banks responsiblity?

]]> By: jeff http://loanworkout.org/2009/03/home-affordable-loan-modification-program/#comment-20700 jeff Wed, 12 May 2010 18:50:18 +0000 http://loanworkout.org/?p=3267#comment-20700 WITH THIS PROGRAM MHA... by POSSIBLY (DEPENDING ON INVESTOR/BANK/AND LOAN) banks can lower interest rate to 2% and stretch the life of the loan out by 10 years. There are new guidelines for MHA out there but have not shown on their site. I work for a bank and KNOW you need to qualify for the program. If your payment is $3000, and your only making $1500 a month, your hope would be a forbearance in hopes you can increase your income to afford a payment after we decrease your income and stretch your life of loan to what we are able to decrease/increase to. Its not a hand out for most of the loans because there is only so much that can be done to try and modify your payments. There are programs, so the best thing to do is to call them every week, SEND IN YOUR DOCUMENTS WHEN THEY ASK YOU TO, and stay on top of the process and foreclosure...WHEN YOU SLIP on your part, your gonna make it harder on yourself to qualify for anything. TRY and get income, rent a room, RENT THE HOUSE for a while... something to increas your income WITH THIS PROGRAM MHA… by POSSIBLY (DEPENDING ON INVESTOR/BANK/AND LOAN) banks can lower interest rate to 2% and stretch the life of the loan out by 10 years. There are new guidelines for MHA out there but have not shown on their site. I work for a bank and KNOW you need to qualify for the program. If your payment is $3000, and your only making $1500 a month, your hope would be a forbearance in hopes you can increase your income to afford a payment after we decrease your income and stretch your life of loan to what we are able to decrease/increase to. Its not a hand out for most of the loans because there is only so much that can be done to try and modify your payments. There are programs, so the best thing to do is to call them every week, SEND IN YOUR DOCUMENTS WHEN THEY ASK YOU TO, and stay on top of the process and foreclosure…WHEN YOU SLIP on your part, your gonna make it harder on yourself to qualify for anything. TRY and get income, rent a room, RENT THE HOUSE for a while… something to increas your income

]]> By: Jimbob http://loanworkout.org/2009/03/home-affordable-loan-modification-program/#comment-20024 Jimbob Sat, 06 Mar 2010 03:12:30 +0000 http://loanworkout.org/?p=3267#comment-20024 Also have had it with WF. Took 7 mos. of trying to have payments lowered. Got nothing but threats to forclose, raised tried to raise payments, sent me letter after letter threatening me with forclosure when I have never missed, or was late on a payment. All this and threatening phone calls to boot. Finally offered me a loan with savings of a very minimal amount. I got to scared to take the offer after hearing that they take the money off your mortgage for 3-4 months and lower your monthly payment only to tag it on later and charge you late fees and raise your interest for being delinquent on your payments. Wasted 7 months, and $1,600 and had to tolerate a a lot of stress in my life. All that after a divorce, loss hours and wages, depreciation in my home, and much more. Where is the help Obama promised us. Was this another loan by the Obama administration without having to account where the money is going by the banks? I don't see a way out of this mess if someone doesn't start getting the ball rolling by knowing what they are actuallydoing. Also have had it with WF. Took 7 mos. of trying to have payments lowered. Got nothing but threats to forclose, raised tried to raise payments, sent me letter after letter threatening me with forclosure when I have never missed, or was late on a payment. All this and threatening phone calls to boot.
Finally offered me a loan with savings of a very minimal amount. I got to scared to take the offer after hearing that they take the money off your mortgage for 3-4 months and lower your monthly payment only to tag it on later and charge you late fees and raise your interest for being delinquent on your payments. Wasted 7 months, and $1,600 and had to tolerate a a lot of stress in my life. All that after a divorce, loss hours and wages, depreciation in my home, and much more. Where is the help Obama promised us. Was this another loan by the Obama administration without having to account where the money is going by the banks? I don’t see a way out of this mess if someone doesn’t start getting the ball rolling by knowing what they are actuallydoing.

]]> By: Terry L http://loanworkout.org/2009/03/home-affordable-loan-modification-program/#comment-19582 Terry L Mon, 08 Feb 2010 21:59:53 +0000 http://loanworkout.org/?p=3267#comment-19582 I started the Home remodification program back in July 2009 with Wellso Fargo. It took me until Oct to get ant kind of response. After getting all of the paperwork into them I received a letter stating thta the application was cancelled at mt request, I called several times and each time I received different instructions and answers. I was finally given a 3 month trial period. They sent a letter to confirm and said make sure my payments are on time. ( they were). I then received a letter stating that I do not qualify and they did not have a loan amount that I do qualify for. My loan was current until Oct when I was put on the 3 month trial. There was no real explaination on why I did not qualify. I started the Home remodification program back in July 2009 with Wellso Fargo. It took me until Oct to get ant kind of response. After getting all of the paperwork into them I received a letter stating thta the application was cancelled at mt request, I called several times and each time I received different instructions and answers. I was finally given a 3 month trial period. They sent a letter to confirm and said make sure my payments are on time. ( they were). I then received a letter stating that I do not qualify and they did not have a loan amount that I do qualify for. My loan was current until Oct when I was put on the 3 month trial. There was no real explaination on why I did not qualify.

]]> By: tony http://loanworkout.org/2009/03/home-affordable-loan-modification-program/#comment-19233 tony Mon, 18 Jan 2010 15:34:12 +0000 http://loanworkout.org/?p=3267#comment-19233 TRY DEALING WITH HOMEQ WELLS FARGO DEUTCHE BANK (ALL THE SAME) THEY DONT CARE AND NEITHER DOES THE GOVERMENT ALL THE MODS ARE NOTHING MORE THAN A RUNAROUND. IVE BEEN GOING THROUGH THIS BS FOR 18 MONTHS TRY DEALING WITH HOMEQ
WELLS FARGO
DEUTCHE BANK (ALL THE SAME)
THEY DONT CARE AND NEITHER DOES THE GOVERMENT
ALL THE MODS ARE NOTHING MORE THAN A RUNAROUND. IVE BEEN GOING THROUGH THIS
BS FOR 18 MONTHS

]]> By: Bonita http://loanworkout.org/2009/03/home-affordable-loan-modification-program/#comment-18791 Bonita Thu, 24 Dec 2009 16:41:18 +0000 http://loanworkout.org/?p=3267#comment-18791 RE: Ellen's comment, thanks banks, for nothing. We must remember, that banks are for profit....it's all about them doing what they do to survive, and make a profit. I think if thanks are given, the Thanks should go to our government. In creating these programs, then not providing sufficient over-site to make sure that they are being run properly. With the money given to banks, it's akin to giving liquor to a drunk....they're going to do what they do best, consume it to their satisfaction, damn the consequences! Seems there is always someone there to pick up the pieces. In the case of the hopeless drunk, it's social services. In the case of the banks, it's the hapless, hardworking middle class TAXPAYERS! Sometimes it really makes you wonder why we work so hard, just to get screwed over, and over, and over. Hope you all have a happy holiday season! RE: Ellen’s comment, thanks banks, for nothing. We must remember, that banks are for profit….it’s all about them doing what they do to survive, and make a profit. I think if thanks are given, the Thanks should go to our government. In creating these programs, then not providing sufficient over-site to make sure that they are being run properly. With the money given to banks, it’s akin to giving liquor to a drunk….they’re going to do what they do best, consume it to their satisfaction, damn the consequences! Seems there is always someone there to pick up the pieces. In the case of the hopeless drunk, it’s social services. In the case of the banks, it’s the hapless, hardworking middle class TAXPAYERS!
Sometimes it really makes you wonder why we work so hard, just to get screwed over, and over, and over.

Hope you all have a happy holiday season!

]]> By: Ellen http://loanworkout.org/2009/03/home-affordable-loan-modification-program/#comment-18580 Ellen Fri, 11 Dec 2009 22:30:08 +0000 http://loanworkout.org/?p=3267#comment-18580 In Dec. 2008 we requested a loan modification from CHASE because I was told i have breast cancer and our payments were 2465.00 ea. mo. with a interest rate of 11.99%, At that time we were not behind. After waiting a yr. Chase said we do not qualify for the modification because Bob had a 6% increase in his income over the last 3 yrs. Now Chase wants all the back due monies now, and the whole time we were on the modification program Chase was reporting us late on the credit agencies. Now our credit is upside down and we can not get another loan due to their bad banking behavior. What do we do? Is there any real help out there or was this just a great political plan to bankrupt the country. THANKS BANKS FOR NOTHING. In Dec. 2008 we requested a loan modification from CHASE because I was told i have breast cancer and our payments were 2465.00 ea. mo. with a interest rate of 11.99%, At that time we were not behind. After waiting a yr. Chase said we do not qualify for the modification because Bob had a 6% increase in his income over the last 3 yrs. Now Chase wants all the back due monies now, and the whole time we were on the modification program Chase was reporting us late on the credit agencies. Now our credit is upside down and we can not get another loan due to their bad banking behavior. What do we do? Is there any real help out there or was this just a great political plan to bankrupt the country. THANKS BANKS FOR NOTHING.

]]> By: Marvalus http://loanworkout.org/2009/03/home-affordable-loan-modification-program/#comment-18013 Marvalus Fri, 13 Nov 2009 17:41:38 +0000 http://loanworkout.org/?p=3267#comment-18013 My friend is going through the same thing with Wells Fargo and after 6 months of being told the modification is in review they get a letter that says either pay everything or foreclose. What's up that? Does anyone know how to get the bank to follow the law! My friend is going through the same thing with Wells Fargo and after 6 months of being told the modification is in review they get a letter that says either pay everything or foreclose. What’s up that? Does anyone know how to get the bank to follow the law!

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