Loan Modification Tips

by Moe Bedard · 12 comments

By Month:

By Category:

{ 1 trackback }

Announced: Financial Incentives to Relieve Short Sale Losses
June 8, 2009 at 12:10 pm

{ 11 comments… read them below or add one }

1 Oneida Rodrifguez March 12, 2008 at 8:04 pm

I heard on a loan modification you can delete the second mortgage if you have a firts and a second. Is the true?

2 Steve Lee May 2, 2008 at 7:08 am

That is untrue because the trust deed who holds the 2nd position of your property wants to get what they can from you. The 2nd trust deed can not foreclosue on your house, unless the 1st trust deed is in default.

3 Joua Xiong May 14, 2008 at 1:42 pm

Is it better for me to paid a special loan modification company to handle the loan modification from my existing lender or sure I just try to work with my lender on a loan modification.

4 Thai yang May 22, 2008 at 10:01 pm

Joua,
Please call me for free consultation as needed. You better have a company to represent you.

5 Thai yang May 22, 2008 at 10:01 pm

Here is my number 559-776-2373

6 alicia garcia June 13, 2008 at 3:03 am

I have a 3o year fixed rate at 9%. I used to have good credit but when I refinanced I went through Ameriquest. Now Citibank owns the loan..I believe ameriquest no longer exist. I did not even know that citibank was going to be my lender. Will I qualify for a modification of my loan..I cannot afford what I am paying now. Due to the housing marker I pulled money out of the equity I had in my house and I refinanced. But now my house is not worth what it was in the past and I owe more money than what my house is worth. I was told that only option arms qualify for loan modifications is this true?

7 Response to Alicia June 22, 2008 at 11:13 am

Alicia - I am in somewhat similar situation. Do you have an e-mail address? perhaps we can communicate and put our heads together.

8 elpjohnson June 23, 2008 at 2:41 pm

Alicia and Response to Alicia….try going to the forum, loansafe.org, post your story and peoplle will give you information and advice about your situation. I’ve been a member for a llong time and have seen many people save their homes through the website. It’s worth a try. Good luck and God bless.

9 Chingon1 December 4, 2008 at 1:47 am

I need to know if I can get a second loan modification with my lender. I obtained one in July of this year but my income at work was reduced again and fell behind 3 payments trying to get everything else on track and with 4 kids it has been challenging. I know I can continue paying the woked out payment from July but what can I do about the 3 accumulated payments. I tried working this out with lender but they said they did not know what will happend. What can i do?

10 hugo February 18, 2009 at 10:08 pm

I have a question? My home loan is under my sister’s name however I make the mortage payments and claim the the house when I file my taxes each year. My wife hadn’t worked for 6 months and now I’m 2 months behind. CAn I file for a loan motification or will my sister need to file it. Please help..

11 Steph June 5, 2009 at 3:07 pm

I did aloan mod & I was told to send in my regular amnt before the loan rest & we did they lost our paperwork 7 we had to start all over they had $$ in suspense & then reported our loan delquent when it wasnt to start with!
What can I do! Pleas help me

Leave a Comment