Comments on: I’M MAD AS HELL AND I’M NOT GOING TO TAKE IT ANYMORE! http://loanworkout.org/2009/04/i%e2%80%99m-mad-as-hell-and-i%e2%80%99m-not-going-to-take-it-anymore/ - Free Mortgage, Auto and Student loan Calculators by LoanWorkout.org Tue, 18 Oct 2011 02:57:27 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Arash Khosroabadi http://loanworkout.org/2009/04/i%e2%80%99m-mad-as-hell-and-i%e2%80%99m-not-going-to-take-it-anymore/#comment-15191 Arash Khosroabadi Fri, 12 Jun 2009 08:07:24 +0000 http://loanworkout.org/?p=3982#comment-15191 Contact universal modify for a loan google them. the guy who modified my loan was named ross and they brought me down to 3% first 5 years and 5.5 the rest i am now paying 6.25 so this really helped. Contact universal modify for a loan google them. the guy who modified my loan was named ross and they brought me down to 3% first 5 years and 5.5 the rest i am now paying 6.25 so this really helped.

]]> By: Renoira http://loanworkout.org/2009/04/i%e2%80%99m-mad-as-hell-and-i%e2%80%99m-not-going-to-take-it-anymore/#comment-14149 Renoira Mon, 20 Apr 2009 06:10:49 +0000 http://loanworkout.org/?p=3982#comment-14149 We were offered a loan modification from our lender. We have never been late on our payments, but the drop in values have affected us also. Our property has lost over 300000 in value. We were offered a modification of 4% interest for two years, followed by 40 years at 5.75% increasing the amount of our repayment by over $1,900,000.00. Our current mortgage rate is 5.85% for 30 years. How is that a modification? It would be more cost effective to walk away since we will never be able to sell or refinance. Are homeowners the only ones that have to take a loss in this mortgage meltdown? We were offered a loan modification from our lender. We have never been late on our payments, but the drop in values have affected us also. Our property has lost over 300000 in value. We were offered a modification of 4% interest for two years, followed by 40 years at 5.75% increasing the amount of our repayment by over $1,900,000.00. Our current mortgage rate is 5.85% for 30 years. How is that a modification?

It would be more cost effective to walk away since we will never be able to sell or refinance. Are homeowners the only ones that have to take a loss in this mortgage meltdown?

]]> By: bob morrison http://loanworkout.org/2009/04/i%e2%80%99m-mad-as-hell-and-i%e2%80%99m-not-going-to-take-it-anymore/#comment-14107 bob morrison Sat, 18 Apr 2009 15:13:56 +0000 http://loanworkout.org/?p=3982#comment-14107 I'm even madder that hell! (20% down $111,000) and nothing but greed from the lender). Moe if you can point me to someone that can help me out or if you could take on my case personally, I would be forever indebted to you. I joined Loan/Safe when you first started up the web site. I live here in Corona and have been fighting to keep my home for over 2 years now. I have a very clear understanding of everything that is going on. I read that the BK bill in the Senate will start to be addressed next week. The goal is to revise the bill and take out the principal write down part. I'm on my second mod due to hardship (Lay-Off) and they just sent me another repayment plan (-$200) mo. for another three months. I would like to work with you if possible and send you copy's of my hardship letters but also the copies of the lenders so called loan mods. In my opinion my lender (ResCap) is now hiring 1,000 new employees’s to handle the mods/New Loans? But look's like they all have now teamed up with our great leaders in the Senate to due their jobs for free in the courts. I did ask for the new "MHA Program" (look's like they have no clue or software to due the job), but did also ask for some fairness from the lender due to the negative-equity but got the same old cookie cutter type repayment plan. They are also asking me to sing and acknowledge that they are the legal note holder. I know the odds are against me (Pres, Timmy, The Senate, and the Banker's) but maybe we could put your heads together and try to save my home, from all this greed. They did a BPO and know they would loose allot more of the note holder’s investment but (Homecomings) division could give a "Rat's-Ass". I know you are very-very busy and I due appreciate all of your hard work over the past years but if you could help out a neighbor in distress I will own you big time. P.S I have until the 24th to sign and send back the (3 mo. plan) please help! I’m even madder that hell! (20% down $111,000) and nothing but greed from the lender). Moe if you can point me to someone that can help me out or if you could take on my case personally, I would be forever indebted to you. I joined Loan/Safe when you first started up the web site. I live here in Corona and have been fighting to keep my home for over 2 years now. I have a very clear understanding of everything that is going on. I read that the BK bill in the Senate will start to be addressed next week. The goal is to revise the bill and take out the principal write down part. I’m on my second mod due to hardship (Lay-Off) and they just sent me another repayment plan (-$200) mo. for another three months. I would like to work with you if possible and send you copy’s of my hardship letters but also the copies of the lenders so called loan mods. In my opinion my lender (ResCap) is now hiring 1,000 new employees’s to handle the mods/New Loans? But look’s like they all have now teamed up with our great leaders in the Senate to due their jobs for free in the courts. I did ask for the new “MHA Program” (look’s like they have no clue or software to due the job), but did also ask for some fairness from the lender due to the negative-equity but got the same old cookie cutter type repayment plan. They are also asking me to sing and acknowledge that they are the legal note holder. I know the odds are against me (Pres, Timmy, The Senate, and the Banker’s) but maybe we could put your heads together and try to save my home, from all this greed. They did a BPO and know they would loose allot more of the note holder’s investment but (Homecomings) division could give a “Rat’s-Ass”. I know you are very-very busy and I due appreciate all of your hard work over the past years but if you could help out a neighbor in distress I will own you big time.
P.S I have until the 24th to sign and send back the (3 mo. plan) please help!

]]> By: Marcela Abal http://loanworkout.org/2009/04/i%e2%80%99m-mad-as-hell-and-i%e2%80%99m-not-going-to-take-it-anymore/#comment-14077 Marcela Abal Fri, 17 Apr 2009 19:07:55 +0000 http://loanworkout.org/?p=3982#comment-14077 I like to think of myself as a very FLEXIBLE person. I work for a financial consulting firm and recently most of my clients I am helping with loan modification. And yes, I would lose that aspect of my job if banks would wake up. But you know what? I am also a person with integrity who will continue to have a job regardless of the economy. So I am going to say this. The reason that loan modification companies exist is because banks refuse to see what a mess they have caused and pay their consequences. My clients ask me everyday, "Why does my bank just say no or ignore my calls?" The answer is very simple. Banks have not redirected their efforts. They have exactly the same number of employees in the loss mitigation department that they did back before default and foreclosure became family terms. I am so insulted that my tax dollars are being given to these banks who will not even hire two more people to help with the new modifications. People are clamoring for work, so its not like they can't find an out-of-work mortgage broker and pay him a meager salary (he'll be happy just to have a job) to help them increase their ability to 'handle' the call volume. I'm with you there Moe. And at the risk of sounding self-promotional, I'd just like to say that if each bank hired two people like me to do their loan modifications for them, this thread would be a non-issue. I like to think of myself as a very FLEXIBLE person. I work for a financial consulting firm and recently most of my clients I am helping with loan modification. And yes, I would lose that aspect of my job if banks would wake up. But you know what? I am also a person with integrity who will continue to have a job regardless of the economy. So I am going to say this. The reason that loan modification companies exist is because banks refuse to see what a mess they have caused and pay their consequences. My clients ask me everyday, “Why does my bank just say no or ignore my calls?” The answer is very simple. Banks have not redirected their efforts. They have exactly the same number of employees in the loss mitigation department that they did back before default and foreclosure became family terms. I am so insulted that my tax dollars are being given to these banks who will not even hire two more people to help with the new modifications. People are clamoring for work, so its not like they can’t find an out-of-work mortgage broker and pay him a meager salary (he’ll be happy just to have a job) to help them increase their ability to ‘handle’ the call volume. I’m with you there Moe. And at the risk of sounding self-promotional, I’d just like to say that if each bank hired two people like me to do their loan modifications for them, this thread would be a non-issue.

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