Comments on: Should I accept my loan modification offer or counter? http://loanworkout.org/2009/06/should-i-accept-my-loan-modification-offer-or-counter/ - 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: kelly row http://loanworkout.org/2009/06/should-i-accept-my-loan-modification-offer-or-counter/#comment-29854 kelly row Sat, 05 Mar 2011 07:40:44 +0000 http://loanworkout.org/?p=4548#comment-29854 "Do you seek finance to set up your own business..." Hello, Are You Financially Squeezed? Do You Seek A Loan To Clear Your Debts/Bills? Do You Seek Finance To Set Up Your Own Business ? Do You Seek Funding For Various Other Processes? Apply for Loan offer ? Are you in search of a legit loan?Tired of Seeking Loans and Mortgages? Have you been turned down by your banks ?Have you also been scammed once?Then your financial trauma is over We Offer LOANS from $3,000.00 to $10,000,000..00 Max at 3% interest rate.We are certified and trustworthy. we can help you with financial assistance. if interested contact us via email kellyrowloanhouse@gmail.com(* Personal Loans (Secure and Unsecured) (* Business Loans (Secure and Unsecured) You are advise to fill this information below and send it back to us. APPLICANT`S DETAILS: =================================== * (Name Of Applicant):...................... * (Address: Of Applicant):.................. * (City): ........................................... * (State):........................................... * (Country): ..................................... * (Gender): ....................................... * (Marital Status): ............................. * (Age):............................................ * (Occupation):.................................. * (Income Rate): ............................... * (Loan Amount Needed):.................. * (Tel):............................................. * (Mobile):........................................ *( Loan Duration):............................... =================================== So Simply Contact Us Now At E-mail ...kellyrowloanhouse@gmail.com “Do you seek finance to set up your own business…”

Hello, Are You Financially Squeezed? Do You Seek A Loan To Clear Your Debts/Bills? Do You Seek Finance To Set Up Your Own Business ? Do You Seek Funding For Various Other Processes? Apply for Loan offer ? Are you in search of a legit loan?Tired of Seeking Loans and Mortgages? Have you been turned down by your banks ?Have you also been scammed once?Then your financial trauma is over We Offer LOANS from $3,000.00 to $10,000,000..00 Max at 3% interest rate.We are certified and trustworthy. we can help you with financial assistance. if interested contact us via email kellyrowloanhouse@gmail.com(* Personal Loans (Secure and Unsecured) (* Business Loans (Secure and Unsecured) You are advise to fill this information below and send it back to us. APPLICANT`S DETAILS: =================================== * (Name Of Applicant):…………………. * (Address: Of Applicant):……………… * (City): ……………………………………. * (State):……………………………………. * (Country): ………………………………. * (Gender): ………………………………… * (Marital Status): ……………………….. * (Age):…………………………………….. * (Occupation):……………………………. * (Income Rate): …………………………. * (Loan Amount Needed):……………… * (Tel):……………………………………… * (Mobile):…………………………………. *( Loan Duration):…………………………. =================================== So Simply Contact Us Now At E-mail …kellyrowloanhouse@gmail.com

]]> By: Mawar http://loanworkout.org/2009/06/should-i-accept-my-loan-modification-offer-or-counter/#comment-28814 Mawar Wed, 12 Jan 2011 15:32:34 +0000 http://loanworkout.org/?p=4548#comment-28814 Is the new HAMP.HOPE program that recently launced last Fall, 2010 really works? I did tried the modification back in 3/2009 that resulted with the run around from different departments and communication with 40 representatives. I hired a law firm that also did not get any result and charged $9000 for the loan modifications. Any suggestion, on the new prg. with principal correction as published in the news to start on 1-10-2011? Thank you. Is the new HAMP.HOPE program that recently launced last Fall, 2010 really works? I did tried the modification back in 3/2009 that resulted with the run around from different departments and communication with 40 representatives. I hired a law firm that also did not get any result and charged $9000 for the loan modifications. Any suggestion, on the new prg. with principal correction as published in the news to start on 1-10-2011?

Thank you.

]]> By: Mr. Nice http://loanworkout.org/2009/06/should-i-accept-my-loan-modification-offer-or-counter/#comment-28811 Mr. Nice Wed, 12 Jan 2011 08:19:51 +0000 http://loanworkout.org/?p=4548#comment-28811 Agnes, 4 months and they are foreclosing? Where do you live, Beverly Hills? First of all you must be 3 full months behind before they file a Notice of Default. CHECK. It will take another few weeks to file a Notice of Trustee Sale. CHECK. Do you have a PRIVATE lender on the First mortgage? If you are paying the 2nd and not the 1st, I would be furious and foreclose, too. Who is your lender? Do you have equity? I think you are being scammed. Agnes, 4 months and they are foreclosing? Where do you live, Beverly Hills? First of all you must be 3 full months behind before they file a Notice of Default. CHECK. It will take another few weeks to file a Notice of Trustee Sale. CHECK. Do you have a PRIVATE lender on the First mortgage? If you are paying the 2nd and not the 1st, I would be furious and foreclose, too.
Who is your lender?
Do you have equity?
I think you are being scammed.

]]> By: agnes http://loanworkout.org/2009/06/should-i-accept-my-loan-modification-offer-or-counter/#comment-28748 agnes Sat, 08 Jan 2011 19:30:37 +0000 http://loanworkout.org/?p=4548#comment-28748 am behind in my morgage payment for four month. I was inform that they were going to furclose on my home on first two months when I fail to make my monthly pament. I call and inform them a head of time that I lost my job. When I started working I call them and inform them. I told them I want to start to make some some monthly payment until I catch up with my mortagage bill I was told no. I have to pay every month the full amount. I then apply for the home modification. when I call was told they have all my papers that they have asked of me. After that whenever I call I was told to call back in ten days they have not yet process my paper. My plan is to still send them any amount I have for monthly payment because I do not want to loose my home. which am hoping they will accept. However few days I got a letter from the mortagage lawyer he want me pay all the money due or they will furclose on my home is that possible though am waiting for an answer about the home modication. I have two mortagage on my home. The second morgage has already modify my payment. Am waiting for the first mortagage. Please advice. am behind in my morgage payment for four month. I was inform that they were going to furclose on my home on first two months when I fail to make my monthly pament. I call and inform them a head of time that I lost my job. When I started working I call them and inform them. I told them I want to start to make some some monthly payment until I catch up with my mortagage bill I was told no. I have to pay every month the full amount. I then apply for the home modification. when I call was told they have all my papers that they have asked of me. After that whenever I call I was told to call back in ten days they have not yet process my paper. My plan is to still send them any amount I have for monthly payment because I do not want to loose my home. which am hoping they will accept. However few days I got a letter from the mortagage lawyer he want me pay all the money due or they will furclose on my home is that possible though am waiting for an answer about the home modication. I have two mortagage on my home. The second morgage has already modify my payment. Am waiting for the first mortagage. Please advice.

]]> By: RETARD http://loanworkout.org/2009/06/should-i-accept-my-loan-modification-offer-or-counter/#comment-22878 RETARD Wed, 15 Dec 2010 07:45:05 +0000 http://loanworkout.org/?p=4548#comment-22878 Counter offer HA. Take it and run you fool. My experience is that a few months after you accept your MOD you will lose your job or experience another set back. It's Murphy's law. Trust me I see it all the time. Counter offer HA. Take it and run you fool. My experience is that a few months after you accept your MOD you will lose your job or experience another set back. It’s Murphy’s law. Trust me I see it all the time.

]]> By: Karen http://loanworkout.org/2009/06/should-i-accept-my-loan-modification-offer-or-counter/#comment-22439 Karen Sun, 12 Dec 2010 17:49:59 +0000 http://loanworkout.org/?p=4548#comment-22439 I read many of the comments, alot which had similarities to my situation and it comes down to....do I make a payment while trying to work out a renegotiation on the modification or not pay. Should I suggest this is MY plan A, B or C and hope they will go for or come close to one, where are the answers to all these great questions posted....I need help fast, thanks everyone, hang tough. I read many of the comments, alot which had similarities to my situation and it comes down to….do I make a payment while trying to work out a renegotiation on the modification or not pay. Should I suggest this is MY plan A, B or C and hope they will go for or come close to one, where are the answers to all these great questions posted….I need help fast, thanks everyone, hang tough.

]]> By: Cee'Cee http://loanworkout.org/2009/06/should-i-accept-my-loan-modification-offer-or-counter/#comment-22158 Cee'Cee Wed, 10 Nov 2010 02:34:05 +0000 http://loanworkout.org/?p=4548#comment-22158 We were already doing all the hoop jumping with Wells fargo: A trial period of 3 months and continued to pay the monthly trial period amount for several more months, when we proceded to file Chap.13 , (voided the 2nd mortgage) In which, Wells Fargo didn't want to work with us to keep the first morgage and almost but a wrench in the Chap13 procedings. So finally WF assigned a loan officer to work on getting us a loan proposal (several in fact...many had mistakes), so finally a monthy pmt. amount (needed for PLAN approval) was approved by courts and the loan papers were signed and shipped off to WF and we proceded to pay the monthly amount of the plan that the courts approved. Well a couple of months after everything was done with Chap13 courts and all - WF decides that they don't like the monthly amount or terms, and mail us another proposal, that does not match what they agreed with with the court. We're stumped!!! Do we accept the new offer, with the chance that our Chap13 is compromised? Or not accept new proposal which may compromise a Home Mod. Loan? Completly and totally FED UP with all of it, but refused to give up on this. Please help. We were already doing all the hoop jumping with Wells fargo: A trial period of 3 months and continued to pay the monthly trial period amount for several more months, when we proceded to file Chap.13 , (voided the 2nd mortgage) In which, Wells Fargo didn’t want to work with us to keep the first morgage and almost but a wrench in the Chap13 procedings. So finally WF assigned a loan officer to work on getting us a loan proposal (several in fact…many had mistakes), so finally a monthy pmt. amount (needed for PLAN approval) was approved by courts and the loan papers were signed and shipped off to WF and we proceded to pay the monthly amount of the plan that the courts approved. Well a couple of months after everything was done with Chap13 courts and all – WF decides that they don’t like the monthly amount or terms, and mail us another proposal, that does not match what they agreed with with the court. We’re stumped!!! Do we accept the new offer, with the chance that our Chap13 is compromised? Or not accept new proposal which may compromise a Home Mod. Loan? Completly and totally FED UP with all of it, but refused to give up on this. Please help.

]]> By: Deston Issa http://loanworkout.org/2009/06/should-i-accept-my-loan-modification-offer-or-counter/#comment-22145 Deston Issa Mon, 08 Nov 2010 19:44:16 +0000 http://loanworkout.org/?p=4548#comment-22145 I received an offer from Wells Fargo for a Loan Modification which included a reduced monthly payment of $270.00 from my origninal loan. They reduced the interest rate from 6.75 down to 4.75, which however included late fees. I was originally given a Step Modification when I went through NACA and Wellsfargo of 2.25 for the first 5 years, 3.25 for year 6, 4.25 for year 7, and 4.75 for year 8 through year 30. To my surprise, when I completed the trial period, I was given just the year 8 interest rate and payment term, which is the reduction of the $270.00 from approximately 2400.00 to 2100.00. Should I push for a counter offer, since my loan is a Freddie Mac Loan. Also, if I push for a counter offer, will I lose the ability to receive a permanent laon modification? What recourse do I have? I received an offer from Wells Fargo for a Loan Modification which included a reduced monthly payment of $270.00 from my origninal loan. They reduced the interest rate from 6.75 down to 4.75, which however included late fees. I was originally given a Step Modification when I went through NACA and Wellsfargo of 2.25 for the first 5 years, 3.25 for year 6, 4.25 for year 7, and 4.75 for year 8 through year 30. To my surprise, when I completed the trial period, I was given just the year 8 interest rate and payment term, which is the reduction of the $270.00 from approximately 2400.00 to 2100.00. Should I push for a counter offer, since my loan is a Freddie Mac Loan. Also, if I push for a counter offer, will I lose the ability to receive a permanent laon modification? What recourse do I have?

]]> By: Annie Fleming-Weaver http://loanworkout.org/2009/06/should-i-accept-my-loan-modification-offer-or-counter/#comment-21187 Annie Fleming-Weaver Sun, 11 Jul 2010 17:48:47 +0000 http://loanworkout.org/?p=4548#comment-21187 I received an offer from Bank of America for a Loan Modification which included the same monthly payment of my origninal loan prior to my hardship. They reduced the interest rate from 6.75 down to 4.75 however included late fees and payments added due to trial modificatiion amounting to 16,000. If I push for a counter offer will I lose the ability to receive a permanent laon modification. There modification put me in the same position prior to the hardship. What recourse do I have? I received an offer from Bank of America for a Loan Modification which included the same monthly payment of my origninal loan prior to my hardship. They reduced the interest rate from 6.75 down to 4.75 however included late fees and payments added due to trial modificatiion amounting to 16,000. If I push for a counter offer will I lose the ability to receive a permanent laon modification. There modification put me in the same position prior to the hardship. What recourse do I have?

]]> By: Ellen http://loanworkout.org/2009/06/should-i-accept-my-loan-modification-offer-or-counter/#comment-20320 Ellen Sat, 03 Apr 2010 04:58:52 +0000 http://loanworkout.org/?p=4548#comment-20320 JUST A NOTE, I HAVE TO SAY TO EVERYONE THAT SO FAR, BofA HAS BEEN GREAT TO ME AND IF THERE'S ANYONE OUT THERE WHO WORKS WITH BOFA, YOUR DOING A GREAT JOB. I THINK MAYBE THE TRICK TO GETTING A"DIFFERENT PERSON' EACH TIME MAY BE TO KEEP YOUR OWN RECORDS OF TIMES, CONVERSATIONS, AND DATES. JUST A NOTE, I HAVE TO SAY TO EVERYONE THAT SO FAR, BofA HAS BEEN GREAT TO ME AND IF THERE’S ANYONE OUT THERE WHO WORKS WITH BOFA, YOUR DOING A GREAT JOB. I THINK MAYBE THE TRICK TO GETTING A”DIFFERENT PERSON’ EACH TIME MAY BE TO KEEP YOUR OWN RECORDS OF TIMES, CONVERSATIONS, AND DATES.

]]>