Comments on: Hardship Letter

By: Denice Thomas

Denice Thomas — Wed, 28 Sep 2011 20:07:05 +0000

We have applied for a loan modification and were just notified today we were denied due to our credit scores. My husband was involved in an accident that rendered him disabled and we have had many, many medical bills, loss of his income, etc. Yes, our credit scores have fallen..but all due to the past 2 1/2 years since the accident. I thought we fit the profile for a loan mod. I am so discouraged by the denial letter. Any thoughts would be appreciated.

By: Sally Franks

Sally Franks — Wed, 27 Jul 2011 02:00:04 +0000

I received a modification from bank of america that the first time just rolled in what I was late and with the same interest rate and the same payment. I request a different modification, which took months….worse results…..rolled in what I was behind….interest rate stayed the same…..payment went up $600. Bank of AMerica gave me the run around for so long….modification tooks over 8 months. Any advice on what I should do, get a lawyer?

By: Alfonso

Alfonso — Thu, 31 Mar 2011 08:36:57 +0000

Anyone out there who are doing a loan mod, please read SB (senate Bill) 94 be advice this applies to California residence only
this was signed into law by the California State attorney general
in 2009 to report any scams toll free number 1-800-952-5252
Go to googles search ( SB 94 )

By: Vera

Vera — Thu, 10 Mar 2011 19:39:58 +0000

I am about to start process of loam modification because my income went down and my property value is less than I owe to the bank at the moment. I received a lot of paperwork from Indymac and they are asking about how much money. What is the good thing. not having any is not good because than I am not worth saving and to much they will say that I need to spend what I have for rainy day. Anybody knows anything about this?

By: Vera

Vera — Thu, 10 Mar 2011 19:39:49 +0000

By: Kevin

Kevin — Wed, 23 Feb 2011 20:25:45 +0000

I have an option arm that is going to adjust in Oct. with Chase. I am not delinquent, but very close. My over-time in winter months saved me. I am going through a divorce that is not finalized yet and I have child support that I am paying. I want my kids to remain in a house they know is home. Their mother keeps moving them around without a lot of instability in their lives. I requested a loan modification package from their way-forward dept. that I am filling out. I was told that since I am current on payments that it is a good thing and I would be dealt with quicker compared to being delinquent. I heard different, does anyone know. Also I asked who owns my loan and the rep told me WMMSC Wamu mortgage securities copr. Aka Chase owns my loan. Anyone with any experience or info to assist would be greatly appreciated.

By: Mary

Mary — Tue, 15 Feb 2011 01:17:27 +0000

Going through loan modification with BofA. Every person I talked to gave me different information. Before I went into default, I talked to them and they said they couldn’t help me and that I should still make my payments because my loan is an FHA loan. Finally, I couldn’t pay anymore then they sent me a letter that they can try to help me. When you apply for loan modification with BofA, you have to go through the collection department to do the application process. Did it the first time and was told that I would receive a Fedex package to indicate what I need to to (to do list). AFter 3 weeks of waiting, called them and the person I talked to said I should still wait for it and that it is on its way. After a week, called them again and was told that my application has been denied because they didn’t receive necessary informations. I told him I was waiting for my package. He said no such thing and said I should have faxed them in. No one told me that nor a fax number was given to me. Then I reapply and waited. Called and was told again to wait for a package???? Told them about my previous situation with them and I was told again, that the package is coming and that I should wait for it. That is the protocol. A week later I called and a fax number was given So I faxed my stuff in. AFter a day, I called to see if they got my fax, I was told ‘no’ and to wait for the package. Now, I’m going through the same shit again, reapply. WTF???? This has been happening to me ever since August of 2010.

By: Viola Chambers

Viola Chambers — Wed, 09 Feb 2011 17:46:02 +0000

If you live in california you do not have to repay your second mortgage hope this helps.

By: Bubbles

Bubbles — Mon, 17 Jan 2011 20:28:18 +0000

Well Fargo is the worse mortgage company ever! They also told us they could do a modification. They told us not to pay until we hear from them after waiting and submitting everything they requested (3 months) they told us we are deliquent, we can afford our home and that they expect payment in full and the list goes on……..run for your lives!!!!!

By: Elena

Elena — Tue, 04 Jan 2011 02:52:15 +0000

Hi,

I am currently in the process of doing a loan modification. I have read a few of the messages on the board and just wanted to inform people that there are many agencies that help with modifications for FREE. Please do not fall victim to individuals saying they can help you for a fee. There are many gov’t agencies that are set up tro help with loan modifications and processed applicants are paid for by the government. HUD has a program – just google for information in your area. for government agencies to help with loan modifications.