Comments on: Loan Modification Tips

By: Tips for loan modification

Tips for loan modification — Tue, 15 Sep 2009 21:27:02 +0000

To the person who had a fixed rate loan at 9%, have you ever thought about refinancing as an option to saving money on your mortgage payments? Even with a bad credit history you should be able to do better than 9% in with interest rates as low as they are.

By: Kay Little

Kay Little — Sun, 13 Sep 2009 21:27:14 +0000

My lender sent modification papers for signing on Jan. 6 . I sent them back Jan 26. Sending my payment in Feb. They wanted 2 paymemts and are still stating charging late fees etc. They refuse to work with me and have always refused.I had to pay a company to assist me for modification. Please help!

By: Kay Little

Kay Little — Sun, 13 Sep 2009 21:07:45 +0000

A modification was completed by a company in Jan.09 was told the first & second loans were together. That one payment per month to first lender was to be paid and second had been placed on back end of loan.Was recently contacted by collection agency for payment of second lender.My monthly note is now the same as it was before getting the modification however my annual property taxes are now included in my monthly payment.Will a second modification be allowed?

By: Justin Bartlett

Justin Bartlett — Fri, 24 Jul 2009 00:12:49 +0000

Joua, it’s always better to simply work with your lender on the loan modification yourself and save yourself money! Check out loansafe.org and click on your lender; there’s a lot of good information there. If you do need a great loan modification company, Fransen & Molinaro are highly recommended on this site.

By: Announced: Financial Incentives to Relieve Short Sale Losses

Announced: Financial Incentives to Relieve Short Sale Losses — Mon, 08 Jun 2009 19:10:11 +0000

[...] of the program through the unloading of homes, borrowers must first be deemed unable to get loan modifications. It was also proposed that the homeowner agree to provide the bank with equity reparations once [...]

By: Steph

Steph — Fri, 05 Jun 2009 22:07:47 +0000

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

By: hugo

hugo — Thu, 19 Feb 2009 05:08:55 +0000

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..

By: Chingon1

Chingon1 — Thu, 04 Dec 2008 08:47:34 +0000

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?

By: elpjohnson

elpjohnson — Mon, 23 Jun 2008 21:41:03 +0000

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.

By: Response to Alicia

Response to Alicia — Sun, 22 Jun 2008 16:13:48 +0000

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