Government Help to Stop Foreclosure

How would i know if a company is real and credited in modifying a house under the Obama plan. I spend my time searching a number to verify if the company that im about to start a modification is real and not a scammer. Please help.

Nations Housing Modification Center has taken $ 2000.00 dollars of our money in July 09 and will not return our calls can you help us .We are afraid of losing our home. we need someone to help us get our money and to work our a payment plan with our mortgage co.so we can keep our home

Dear Mr. President,

I have the utmost respect and love for you and I know you’re trying to do the very best you can for this country. I think though that when in all good faith you implement a program like the “Loan Modification” program you should know just what a person has to endure to apply for this and what the end result is. I think this could be informative for you in that you’ll see that many things are wrong with this program and the banks that are behind it. So, Mr. President, I know how very busy you are with running our wonderful country but I would like you to take a minute to read the just one of the “American People’s” letter and maybe, just maybe it will change something for both of us.

I applied for a loan modification in April of 2009. I met the requirements at the time. I was eligible and I felt that it was only a matter of time before my mortgage payment would be reduced and I could stay in my little house in the woods. Whew, was that a load off my mind and shoulders. I could breathe again. There was hope, genuine full blown hope. It stated that you had to have had a drastic drop in finances, I had. I am a real estate agent and as we all know that market took down with it not only the agents but the builders, appraisers, loan officers, mortgage people and the list goes on. So, yes this was bad, this was a hardship for me and I was petrified I would lose my little house in the woods.
Nowhere in the application did it tell you anything in detail. It just listed the things you had to comply with, a drastic drop in finances, you had to be current with your mortgage etc. It mentioned nothing as to income, or job status. I am not a lazy person, I am not a quitter and I am not a taker. I have never been handed anything I didn’t earn. I have never used food stamps; I have never been on welfare. This was legitimate and it was good so I went about collecting the many, many documents I needed. Two years of tax returns, a year of bank statements, Utility bills, profit and loss statements, tax forms, financial information forms, borrower hardship forms, 4506-T Request for Transcript of Tax Return forms (3 times for that one)and the list goes on and on. Every single piece of paper had to have my loan number and name on it. I did everything by the book. I called every two weeks and every two weeks I would get conflicting stories. There were things missing, I had to fax the documents again. A month later they noticed that I hadn’t signed something that I had sent in weeks before so that had to be done over. Each person telling me that they looked my file over very carefully and it was all right and present and then the next week more things would be missing or not filled out properly. At one point I was told they were starting an “Imminent Default” department and I should take the inches and piles of papers and documents and FedEx them to this new dept. This cost me $40 that I didn’t have but I was so sure this was going to go through. How could it not? Meanwhile while the weeks flew by and everytime I had to call by the time the call ended I would be in tears. In the meantime I applied to become a registered nurse’s assistant at and went through rigorous training. I’m 61 for God’s sake; I will be in one of those god forsaken homes soon, sooner after this fiasco because it’s aged me beyond belief. They should pay for a face lift at this point. I digress. So here I am, doing my clinicals in a nursing home. I think all these poor people should be dead because there sure isn’t much living going on in these places. It sickened me, it deeply depressed me. Finally I graduated and after more tests, paperwork and background checks I got a job as a home aid. Not too good either. I absolutely hated, with a passion, doing this work. It didn’t give me a feeling of love towards these people. The clients were mean, nasty and disrespectful. I endured because now I was told by the Imminent Default people that if I hadn’t had a job they would have tossed my many pages and documents right into the old garbage and that would have finished me off. So now, I’m behind with things because its months later and I start sending my paystubs with current utility bills, bank statements etc. The list goes on and on and on and no matter when you think you’re finally done you are not. You are never done. Every two weeks I would dread calling. I would have to practically take a zanax with a bottle of wine just to get enough courage to call these people again. So call I did. I was told that everything was in order; it went to underwriting and would be over in a matter of weeks. I wept I was so happy. Two weeks later they needed more documentation, it had never gone to underwriting and I hope the person that erroneously told me that loses his home. So, from April 23, to October 9, 2009 I waited, I suffered and I managed to keep paying my loan off. On October 9th I received a letter from Chase (Wamu is now Chase) saying that my hardship isn’t permanent and that I don’t make enough money. No where way back in the beginning of time when I first started did it say anything about a hardship being permanent. It said you had to have had suffered a big loss in income which I did. They never told me exactly how much I had to be making to be eligible. My father even wrote them a letter saying he would supplement my income so it would be up to whatever it is they wanted. If I was paying a higher mortgage on my lower income what would make them think I couldn’t pay a lower mortgage on the same income? And we all have hardships but who says they are permanent. Hardship is something that causes suffering or privation. It doesn’t say hardship is a permanent event. Maybe I should cut off a limb or gouge out an eye maybe that would be permanent enough. I’m sure President Obama you didn’t have this kind of thing in mind when you set this up and I think you ought to go back and see what’s happening to these programs that are supposed to be there to help people like me that are trying everything they can to make it work. This was a travesty, it was a sham and it cost me not only money I didn’t have but angst beyond belief, depression, anger and tons of frustration dealing with people that were learning on me as we went along and so much precious time that was spread so thin I though I would fall through it. I should receive compensation for being your guinea pig. I should have gotten my loan modification. There is no justice. You gave me hope and now I’m despondent. I sometimes wish I never believed in this so much because I wouldn’t be so disappointed now.
So now I have my little house in the woods that I’m soon going to be in real danger of losing. It will go back to the bank; the bank will have to take a huge loss because they’ll never get near the money out that is owed.
My stepdad is willing to supplement my income so I won’t lose my house but only if it’s reduced in payments because he can’t afford to help me pay the full mortgage amount.
So, is there anyone out there that can help me? It’s just a little 2 bedroom, one bathroom home that is in the woods and is my magical little place. I have the trees surrounding me, the bears come by every now and then, the raccoons are here and the plants that my sister and I put in the ground are all around me even though she isn’t. She succumbed to breast cancer at age 49 last year, then I lost my best friend of 48 years in April, I’ve had a knee replacement last August and I totaled my car Friday. But, I keep going. I keep working and trying and pushing because that’s all I know. I feel if you’re a good person and you do what you’ve got to do and keep on going the Universe will look down and say “Hey, let’s give her just one break.” That’s all I want. A break and I swear, I will keep my little house in the woods forever and ever and live happily ever after.

I voted for you and I believe in what you are doing but sometimes you have to look back over your shoulder and make sure the programs you put into place really are helping those who need and deserve it. I need my case to be reopened and approved.

Thank you for whatever you can do if anything. It will be a miracle if you even read this letter.

Respectfully,

Kate Kenworthy
An American Person

I think that the President mistakenly assumed that the lending institutions would have the integrity to cooperate voluntarily. He underestimated the greed involved in the situation.
Greed on both of the fence too. I have seen people who could afford the mortgage{s} trying to get their loan modified just because they can. These are the Imminent DefaultPeople. They get put on the back burner, they aren’t losing money on them yet so they let them hang by the fingernails on the cliff for awhile. Sometimes these are the people who want more than they need. They don’t want to give up the Condo in Vegas, the Lexus or the BMW. They often have alot of unsecured debt.
If your hardship is something that was short term, something beyond your control such as divorce, loss of income, medical issues, or death, you have a chance. Don’t give up yet. But be aware the closer you get to 12 months down on your loan, the harder its going to be for you to get an offer. If you can’t make your payments because you are in foreclosure you better be saving as much as you can.The lender is going to want 30-50% down to start the deal. And they are going to give you 5 business days to get it to them if they even offer you a Plan. Some only allow you 18 months to cure the entire delinquency, which could raise your payment by 30-50% Think about these numbers and get a plan. No matter how it goes, it will do nothing but benefit you to be saving money. It could be used as your down payment toward a plan. Or the first months rent and security deposit on another place to live.
Do your own research. Most lenders have Borrowers Assistance Forms on their websites along with a list of required case support documents, phone numbers, fax numbers, e-mails etc…
The hardship affidavit and 4506-T can be found at MakingHomeAffordable.com. These forms are for the Fannie Mae, Freddie Mac, FHA and VA loans only. The same website has links to the Fannie and Freddie look up tools so you can see if you will qualify for a government program as well as a calculator to estimate what 31% DTI means to you.
If you have a private investor that has opted out of participating in the government programs, this is problematic, but it may still be worth a try, again depending on your DTI.
I do believe that after Dec 31/09 all lenders will be government mandated to participate in the program. Do your research, get all your ducks in a row, all the forms, all the case support documents, phone numbers, fax numbers, e-mails etc…don’t give up yet.

I too am very frustrated wtih poor response I am getting from my mortgage company. I have sent and re-sent my Mortgage Assistance package of documents with no response from Citimortgage. They do keep asking me why I am not making my payments. It does not matter who you talk to, nothing ever gets done down there. It really is very frustrating and I really not sure if there is an answer .

All you who posted above, you have my complete sympathy. Yes I believe it is complete incompetence and greed on the banks part. They got their share of the tax payers’ money and do not seem to care if they help the people out or not.