48 Responses to “Loan Modification”

1. RENEE gUNDLACH says:

   August 2, 2009 at 8:47 am

   my house was forclosed on May 4,2009. I’am a single parent and homeless now, what are my rights.
2. in need help says:

   August 28, 2009 at 12:01 am

   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.
3. in need help says:

   August 28, 2009 at 12:02 am

   how would i know if a modification company is real and not a scam company. Is there a phone number that i call to check if the company is real? Please help
4. Bonnie Merryman says:

   August 28, 2009 at 11:54 am

   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
5. Moe Bedard says:

   August 28, 2009 at 4:26 pm

   You can get help from a certified HUD housing counselor like http://www.NACA.com or http://www.995HOPE.org 888-995-HOPE

   If you need legal help, hire a real law firm with experienced lawyers. Try to seek a referral from a hapy client or neighbor. Maybe call your State Bar.
6. Kate Kenworthy says:

   October 12, 2009 at 9:50 am

   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
7. Lynne says:

   October 13, 2009 at 12:09 pm

   Kate….I am so sorry this is happening to you. If it will make you feel any better…..or at least a little saner….I am going through exactly the same thing you are. I have been going through this for a year and half….in the trial modification program for almost 6 months. It’s pathetic and very sad. We have sent the same paper work in 4 times. Twice this last month. Every time we call Chase we get a new person who doesn’t know anything. They can’t, or won’t even get you to a person who can help you. On the Chase.com web site they tell you that you will be assigned a modification assistant who will be helping you all through the process of approval. What a lie!!! Pres. Obama either has no idea that this plan is not working…..or just doesn’t care. I feel so sorry for old people, or people without a computer to research all this crap. They are destined to have their homes foreclosed upon. And all the while the Banks…Wall Street….and anyone else that wants money just gets it from the government. Even foreign countries. There have never been so many families that are homeless. They are living in campgrounds. Winter is coming and they are all going to freeze!! Congress doesn’t care either. If they did they would have let the bankruptcy attorneys help out with these mortgages. The judges are certainly smarter than the bank employees.

   Anyway….I hope Pres. Obama gets your message and someone helps you with your little house in the woods.
8. cjl says:

   October 17, 2009 at 4:43 pm

   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.
9. Ken says:

   October 30, 2009 at 4:05 pm

   I have been in the same boat to. I called Wells Fargo in January to let them know I was going to have problems because of a divorce and los of income a commercial broker lending money. There is no money to lend ! So the divorce I had to settle along with attorneys fees and now I am 7 to 8 month sdown. They sent a letter to me signed by there Senior Vice President for a trial modification and they have no record of it being sent. But when I received the letter I called and set up the bank draft for my mortgage. I called to see were the packet of info they were to send me that I never did get and they said they sent it ya sure they did, So they said they would send it again. So today I called there corporate office and they show nothing about me being pre qualified for the HAMP program. They even told me what my payment would be. I cannot do this anymore its killing me. I need a Missouri attorney that I can go speak to in person that really cares about people and not his wallet. Any Sugestions for an attorney St Charles Missouri Area
10. Suzanne Oxford says:

    November 9, 2009 at 12:22 pm

    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.
11. Sharon Lambert says:

    November 26, 2009 at 2:33 pm

    DON’T WASTE YOUR TIME WITH WRITING THE PRESIDENT. I SENT AN EMAIL TO THE WHITEHOUSE AND THIS IS WHAT I GOT IN RESPONSE. SEE BELOW.

    Dear Friend:

    Thank you for writing. I have heard from many families
    unable to refinance mortgages or obtain loan modifications. I
    appreciate hearing your perspective as I work to help more
    Americans stay in their homes.

    Today, access to the American Dream is being tested by a
    mortgage crisis that threatens the stability of families,
    neighborhoods, and our entire economy. Even if your own home
    is not at risk of foreclosure, you are still affected. Even if you have
    played by the rules and fulfilled all of your obligations, a
    foreclosure in your neighborhood will have an impact on the value
    of your home. This crisis has not only hurt home values
    nationwide, it has also had a dramatic effect on the credit
    Americans need to purchase cars, pay college tuition, and grow
    small businesses.

    My Administration has acted quickly to address this crisis
    and implemented a housing plan, which can be viewed at:
    http://www.MakingHomeAffordable.gov. It helps millions of
    responsible families avoid foreclosure by allowing homeowners
    with mortgages from Fannie Mae or Freddie Mac to refinance at
    lower rates to make sure their homes remain affordable. This plan
    helps us end the crisis without rescuing speculators, dishonest
    lenders, and those who bought homes they knew they could not
    afford. For assistance with a home foreclosure or to find a local
    housing counseling agency, I encourage you to call the Department
    of Housing and Urban Development at 1-800-569-4287 or visit:
    http://www.hud.gov/foreclosure. If you have a government loan and
    need assistance working with a lender, you may also call 1-888-
    995-HOPE to speak with a housing specialist.

    The road ahead is difficult, but if we move forward resolutely–
    with a deepened appreciation for how fundamental the American
    Dream is and how fragile it can be when we fail in our collective
    responsibilities–then I am confident we will overcome this crisis
    and once again secure that dream for ourselves and future
    generations. Thank you again for writing.

    Sincerely,

    Barack Obama
12. Maniraj Gandham says:

    December 4, 2009 at 7:57 am

    Could some one help me with any Govt agency’s contact, to whom I can complain about my Loan modification which is being continuously being dragged with out any apparent reason.
    They are just purposely delaying the whole process since April of 2009. I really want some one from the administration to know about this and at least point us to complain to some one.
    This is very painful, hoping that you would be able to save your home if the payment is reduced by a couple of hundred dollars. The Bank is Wamu, which is now become JP Morgan Chase.
13. cindy fortin says:

    December 7, 2009 at 6:36 am

    I have select portfolio services.. They are without a doubt the most heartless company I have ever had to deal with… I did everything that everyone else has done so far to try to get a modification from these people…The bottom line of where I am at right now after resubmitting all my finances etc.et. is that ohh they are sorry that someone didnt tell me that my investor with select portfolio doesnt participate in the loan modification program..sps does but NOT MY LENDER…I cryed and hung up the phone..I will lose my house..They went up on my mortgage 500.00 a month…Please help..
14. charles Ball says:

    December 17, 2009 at 3:24 pm

    I am disabled from blood clots in my legs and I am trying to keep my legs , medical bills and medications are expensive my house pmt is 51% of my income , chase denied my loan modifacation today for the reason that I recieved a cost of living raise on my social security last year. I wish all of you luck , but I do not think many will get help
15. Cindy S says:

    December 31, 2009 at 11:17 am

    I just got off the phone with my lender today. After 9 months of the run around, they have said that they do not have my loan file and that it was sent to another loan processor 3 weeks ago to start all over again!!!! I just talked to them last week and they never said a word. I too had a repayment agreement which they did not bind to. They claimed I defaulted because I did not pay the balloon payment. The balloon payment was to be included in the loan modification. How convenient for them.

    Does anyone know who we can talk to to make these so and so’s accountable for the grief they are causing. They have a nonchalant attitude and do not give you any recourse to complain. You are at their mercy.
16. jeana says:

    February 6, 2010 at 3:54 pm

    After a year and 8 trial payments, I finally received a Final Loan with Chase MHA. I went thru what all you went thru and then some. If you do get a loan mod please please beware of the fees and add on fees that the banks puts into the end of loan. Ask for the Check transaction history from the bank. I am now underwater on my home which before I was not. It did lower my payment which I am thankful for but now the add on fees they make up don’t seem to add up, so Please ask for the Check transation history that is the check’;s that they said they paid on your loan , becareful the banks are out for every dollar and they can get one way or another. They are greedy, slimy snakes that they only do what makes them $$$$$$$$. Good luck . You will need it but keep at it.
17. Pat Reece says:

    March 7, 2010 at 1:42 pm

    I wonder if you can HELP me I have a construction loan with Indymac and they cut me off I could have finished the house in 2 months They still are sending me monthly bills
    The house is in a custom area of La Habra Heights Calif
    I have lost so much such as the propertry I used for the down and all the monies I had to put into the project It has been a nightmare
    I hope you can Help Me I am 77 years old and this has been my retirement project Now I have nothing
    Pat Reece
18. Moe Bedard says:

    March 7, 2010 at 1:51 pm

    I am so sorry to hear about this Pat. Please join my forum at http://www.LoanSafe.org/forum if you want help online. You can also try http://www.NACA.com or http://www.995hope.org. Keep the faith!
19. joaquin massas says:

    March 12, 2010 at 6:36 pm

    I wonder if you can HELP me TO stop foreclosure of my house they want to sell the house on march 30. they denied my modification .,I really need help ., I HAVE 4 children i dont now what to do please help
20. joaquin massas says:

    March 12, 2010 at 6:37 pm

    I wonder if you can HELP me TO stop foreclosure of my house they want to sell the house on march 30. they denied my modification .,I really need help ., I HAVE 4 children i dont now what to do please help
21. Wes McKibbon says:

    March 15, 2010 at 10:17 am

    I run a contact loan processing company and haven’t heard any of my broker clients talking about these programs, but I was having a conversation with a real estate agent the other day who was telling me that it is a great opportunity to assist people in need of help getting their loans modified. I’m also seeing a lot of posting on various Blogs talking about doing this. If anyone can send me information on who to connect with and how to offer this service I would be very intersted in learning more about the programs.

    Thanks to the host of this blog posting all the links. I’m going to go through them today and hope I get a lot of answers to the question I have about loan modifications.

    Wes McKibbon
    Broker’s Best Contract Loan Processing
22. Veronica says:

    March 19, 2010 at 5:21 am

    I am shocked. I thought it was just me getting the run around from Chase. I just happened to do a google search and look at what I found! We applied for a loan mod from Chase in April, 2009. I have sent forms, letters, bank statements, check stubs, etc. over and over again. Once I was told that I requested the loan modifcation process to be cancelled. I never did. I was told the lender Fannie Mae doesn’t have any money and our mortgage is on hold. I’m at a loss as what to do. If we had known this was going to happen way back last year, we would have done things differently. We might have sold our house when the values were higher and we could have walked away without owing anything. Do we file bankruptcy now on our other bills to keep a roof over out heads? Or give the keys to Chase because we can’t keep making the payments.
23. Marsy says:

    May 20, 2010 at 11:35 am

    I can’t believe it I thought I am only one who is getting such a law treat from Bank of America, and others that I asked for help. Now I see lots of other are in the same boat as I am. I received the same exact respond as Sharon Lambert did, when I tried to get help from the WHITEHOUS, as well as from the office of Va. Senator (Senator Warner). You see they want your vote when they need it. But as soon as they got it, if you need their help they do not give a “d” about you. I understand what sharon is going through because
    I am 60 years old and have lost all I worked through 40 years of my working years. All I had was in real estate and CountryWild Bank (Bank of America) and Wachovia Bank took it all. Now I have nothing, and Bank of America is planning to take my primary resident and make me homless. Neither Mr. Obama Nor any other polititions do care, because no one is taking their home away.
24. Naz Syed says:

    July 1, 2010 at 2:39 pm

    My Mortage Company Green Tree LLc. approached me in Oct.2009 and said that they will get my loan modified as I was paing about 8%PA.They asked me to sent all the paper work they required and told me it was a two step Procedure. Step 1 . Trial period for 90 days .If I successfully complete it then the Step 2 will come in action Which was @ 2% intrest rate from 1 to 60 months and than 3 % intrest rate from 60 To 72 months and so on until 5% intrest rate. During all this time they keep telling me modification was approvedand I do not have to worry. On contrary the statements from Green Tree were not showing the modified payments I was making and than came the devastating news in May 2010 by the person whom i was getting assurances that my loan was not approvedand I have to put my house for Short sell. This mortgage company played Deceptive and frdulent Trade practises by not informing the customers that they were approved and every thing was fine. Now they want to foreclose the house and there is no help!!! I have a small grand daughter and family.I also lost the job in May and my husband has to close down the business in Dec 2009. No place to go.
25. Glen says:

    July 2, 2010 at 5:59 pm

    Naz if you are in a negative equity situation we may be able to help you. My company does mortgage principal reduction. Please visit our website.
26. bpifer says:

    July 7, 2010 at 12:02 am

    Is National Mod Prep out of AZ a legitimate company or a scam? Has anyone had any dealings with them?? Please email me at bnpiferone8@suddenlink.net if you have any info or know how I can check on them..
27. RANDY says:

    July 19, 2010 at 2:27 pm

    I am applying for a home modification loan through my lender, WELLS FARGO. I have read over 100 comments, and have not found even 1 that said WELLS FARGO helped. Has anyone had a good experience with WELLS FARGO ??
28. rose says:

    July 25, 2010 at 8:49 am

    Bank of America’s home loan modification process is a joke. July 2009, I did not qualify period. December 2009, fed ex letter arrives offering a modificaton with payment terms for a tial modificaton, which was affordable. When I called and asked them they said they were going to do the modificaton and had qualified me on my net pay for a modification. I send in all the paper work in the return fed ex return envelope. Including my 2008 tax return. which they never got. I started making my trial modification payment immediatly. I spend the next 5 months doing so, meanwhile, they never got my 2008 tax return. Each time I called I was provided with a different number to fax it to. Which was not the fax number. Finnaly, I got through to the underwriters with bank of america, who are in Florida. He acknowledged that everything was received and he was sending over to corporate to have them find the best plan for me. 5 months later, I got a letter, saying I did not qualify, as my income was over 31%, the income they had on the letter, was inflated by 400.00 a month. Bank of America, is giving everyone the run a round. They are running a dog and pony show to say the least. Everyone I know, is loosing their homes, who have tried to modify. Last week a family down the street, moved out. The bank had sold her house, for 160,00o.00 she owed 330,000.00. Who’s making the money here? The bank will now flip the house for a profit. This is the way the banks are dumping “toxic assets” so they can relize assets that have home value to loan. It should be illegal
29. Amy says:

    August 13, 2010 at 1:40 pm

    WELLS FARGO does not help anyone out. All of the websites I have been to not one says anything good about Wells. I have tried to work with them and the lied. They took paper woork said they woudl work with me then raise my payment by just under 600. more a month!! Really? I was ok with my orginal payment once we got things straight but not 600. more a month. This is crazy.. no one has recieved any of the help from the federal goverment money that was sent out top help. So I would like to know where has the money gone?
    I called the save the dream hotline and the women laughed at me, said well your home is being sold by the Sherrif.. because you missed a court date. I NEVER HAD ONE YET… she had no idea what I was talking about. I can understand that there is a lot of twists and turns to all of this. BUT for her to LAUGH at me when her job is to help people in my position is just wrong. That is the kind of help I got from save the dream operator. How many houses are going to sit empty before someone gets it? We all need HELP real help.. we are not all just dead beats, I could pay my bills until my husband lost his job and now I work two jobs to pay the bills. Even with all of that Wells will not work with me… Oh heck Wells will not work with anyone..
    I have to believe that God has a plan and all will be ok…
30. Robert Allan says:

    August 17, 2010 at 7:33 pm

    6 SENIOR CITIZENS WILL BE HOMELESS DUE TO HAMP/WELLS FARGO SCAM – IN GEORGIA – SEPTEMBER 7TH I am been going through the hoops of hell with Wells Fargo since Jan. 12, 2010, I have faxed and refaxed, it is a bait and switch game to rob you – I have filed a OCC complaint, I have contacted the Governor, Senate, President…
    The President needs to freeze all foreclosures with HAMP today – until a federal investigation is complete – band together American’s let us fight!
31. Laurie Montijo says:

    August 21, 2010 at 12:18 pm

    Dear All, My hear breaks for all of you and my family. The stories here that talk about faxing and refaxing, sending same in US mail to ensure receipt, phone calls, NO updates at all for the first 5 mos. Without going into all the detail it has now been 1 yr, 2 mos and my 3-month trial period has not been approved. I received papers with the terms of my mod at the end of Jan-10, signed and returned all docs required at the time and have sent nearly 200 pages of documents since that time, as many have mentioned, several of them were sent two, three, four and even 5 times. I have been paying per my modification terms since March 1, 2010 and paid a little extra when I received a bit of money to demonstrate my commitment to keeping my home. I am a single, disable mother of 2 special needs boys. One has Autism, ADHD and Sensory Processing Disorder. Change is extremely challenging for him. As with many Autistic people, his sense of security comes from having things the same. The 21-year old bed and dresser that belonged to his 24-year-old sister, a car I sold to get a more reliable one, etc. One of the handles broke of one of the dresser drawers and he cried for quite a while. Needless to say, changing homes will be an enormous challenge for us. I know we are all suffering in many ways and it makes me so sad. I’m sure people have more difficult circumstances than my family and possibly do not even know they can try to save their home or may not have knowledge, skills, etc., to do so. Heart breaking!
32. James says:

    September 2, 2010 at 2:56 pm

    You are right, I have been working since May 2009, to get a home modification. I have sent in forms and additional information more than 3 separate times. Finally on June 29th, 2010 all my paperwork supposedly was received but, because now I was more than 12 months behind, I did not qualify for the FHA Assistance Program, nor HAMP. And so, now my home is in foreclosure and set to sell in less than 30 days. My loan conselor Acorn, is a joke and never told me the specfics and never even returns, my calls. Bank of America is a joke and I really believe the only one who cares is me. Thanks and may God still Bless the United States.
33. Christine says:

    September 5, 2010 at 6:55 pm

    We too are getting the run around from Bank of America (formerly Countrywide) We had always been on time with our mortgage, then one of our cars broke down. We didn’t have any other way to pay for repairs so we fell behind on mortgage. We called ahead to let them know, said there was nothing they could do as we were current. Well now that we are over 6 months with 1 payment behind, now they are threatening foreclosure. I have spoken to them on numerous occasions and they have never offered me any assistance. Finally on June 2, they said we may qualify for the Making Home Affordable Plan, and would get the “Packet” out to us. I called back July 15, still no packet, they would resubmit. I’ve called every two weeks since and here we are, beginning of September and still no paperwork. I keep getting the runaround. I did get an acceleration letter stating we had to cure the loan by September 15th or they would start foreclosure. I called them and asked if I could speak with the foreclosure department and ask them to process my modification paperwork because they seem able to get paperwork out pretty quick. I was assured that my home wouldn’t go into foreclosure since we are in “workout status”. What workout? We haven’t received anything. This is a joke, and it frustrates me beyond belief that these banks took all this bailout money and monies specifically to be used to help homeowners and only a small % of people have even been helped. I believe in Obama, and I believe he had the best intentions with the home affordability plan, but the banks are doing everything possible to drag their feet and hold on to the money, I bet the banks are earning interest on these monies, they have no rush to let go of any of it. Our loan is also USDA guaranteed, so even if it forecloses, they are guaranteed their money, they have no incentive to help us. This is ridiculous, and is so sad, I live in a subdivision surrounded by empty, foreclosed homes. They would be better off helping homeowners keep the homes, keeping the values of the homes up.

    Sorry for the rant, thanks for letting me share our experience.
    Christine in California
34. Dannielle says:

    September 17, 2010 at 10:49 am

    Christine,

    Bank of America just foreclosed on my home. Your situation was just like mine and I lost my home on September7, 2010. You need to speak with the attorneys that handle their foreclosure…Barrett Dapper. et al…make sure you get attorney’s name number and id number and Bank of America’s name and id number when you make your calls.! This is such a nightmare…we should not be going through this!
35. Lorraine says:

    October 18, 2010 at 2:58 pm

    Has anyone here dealt with LBPS (Lender Business Process Servicers)? I was with Chase up until August 2010. I entered into the HAMP trial period in May 2010 and completed the three trial period payments. My last payment was in July 2010 and then I was transferred to LBPS in August…now they’re telling me I don’t qualify for the HAMP because I’m unemployed so that means the rules changed on me. I’ve been unemployed for 11 months here in California. LBPS told me last week they are sending me An Intent to Foreclose letter and I am desperate to save my home. I live alone but I have 2 dogs that I’ve had for 11 years and I can’t give them away. I’ve heard of some new programs for the unemployed that will be up and running around Nov. 1. Anyone else know of these programs? They are targeted for the unemployed and loss of income people at risk of foreclosure. If anyone has experience with LBPS please share with me as I don’t know what to expect from them. Thank you.
36. Terrie says:

    October 30, 2010 at 8:03 pm

    I am 80 years old ,CCo mortgage co. is doing the same thing to me lost of payments they place the payments somerwhere else they put you behind and you have to pay there late charge, they have lied to me act like they arn’t doing nothing wrong they are I only shoul owe aout 57,88 on my house but now they have it up ti 111,733 I am going to ee my lawyer I have had enough does any one out there have CCO Mortgage co. please let me know you can reach me at ftrr6@aol.com thank you need to talk to someone else about this.
37. carol says:

    November 11, 2010 at 12:31 pm

    Need help with my first and only property, need foreclosure goverment agency to start and finish the process of foreclosure, i have been 2 years and the bank does not want to help me at all so i think the foreclosure is the next step, please send me info.
38. gordana dejanovic says:

    November 22, 2010 at 7:21 am

    I need help.I Have difficulty to pay my mortgage because my husband lost job.My lender is Wells Fargo.I applied for loan modification many times with Chancellor HENDS Orange County Florida.Wells Fargo denied every time my application and told me if I can not pay my mortgage I have to live house and they will sell my house .Chancellor can not help me because I pay mortgage on time,but I have difficulty to pay all my bills. Thanks if you can help!
39. Distressed says:

    November 27, 2010 at 4:51 pm

    I too this past year had started a loan modification with Wells Fargo and it took 6 months (from March to September) by the time they completed it. It put me even further behind and then I got laid off again and was told I couldn’t do another modification until a year was up. But when i called to tell them I was laid off and getting behind, they told me I owed 2 payments and they would not accept anything less. This is Wells Fargo. I called but got the same story again. Now, I’m 4 months behind and I was told to send in payments until I can do another modification, but then a supervisor came on the phone and told me I would not be getting another modification and unless I come up with everything that I owe, I was to sell the house or foreclose and there is nothing they are going to do for me, any longer.
40. GW BUSH says:

    December 1, 2010 at 12:03 am

    @Distressed

    Just squat in the house. Pay the insurance and property taxes. If all else fails, file for BK and stay another year.
41. Anna says:

    December 2, 2010 at 3:47 pm

    The government needs to DEMAND the banks to do MODIFICATIONS
    as the rest of you 2 F——years of writing faxing even reaplying paying for help with their F——- “required DOCUMENTS that OOOPPPPPS NEVER are quite right of OOOPPS more recent I have gone INSANE when I see that 800 service # calling I get sick ,its great when its someone from India on Sunday night, and the Fuuuuuuccccckkkkking disclaimer they read you and the FUCKING same questions for the millionth time, OUR government saved them I wonder if they had to go through this mind blowing crap Time to march on Washington.
42. renay says:

    February 14, 2011 at 6:49 pm

    so theres no hope i will be homeless as of tonite 02/14/11i wouldshoot myself but then someone would have to pay for that
43. Teresa H. says:

    March 5, 2011 at 11:35 am

    I am going through a horror story of my own. I did receive a modification loam back in July of ’09. Sent everything in, called to make sure it was received and went over the new payment and where to send it. Thought everything was fine. After 18 months of timely payments they are saying that it never went through. Now they were selling my home last month but had it postponed for 30 days. I have went through hell and back and finally told one of their reps to send me paperwork to sign it over. There isn’t any help out there, believe me I have wrote everyone and retained an Attorney but still they are taking my little run down home from me and my children.
44. linda thurman says:

    March 10, 2011 at 3:30 pm

    iam 4moths behind on my mort,payments i.m behide because of repairs gas bill is too high im on a fix icome this takes everything i have coming in. i need help to save my home. thank you. my bills out waive my income
45. Reese says:

    March 27, 2011 at 7:49 pm

    We have been trying to apply for the loan modification with our lender, Carrington Mortgage Services. They told us to try with them first, well we have since March 26, 2010. We started with Jake who they fired, started ALL OVER again with Damon, ALL OVER again with Lori, AGAIN with Lorraine, AND AGAIN with Diane, which she stated — we modified your loan — we were so relieved after all this time — RIGHT — she told us our new payment would be $1699.18 a month with everything included – the problem — IT’S ALOT MORE than we were paying, so where is the modification? I told her that we wanted to appeal this, she told us she would be out on leave for 2 weeks for lipo surgery, “I’ll call you when I return”, NO PHONE CALL, JUST A LETTER STATING AGAIN THAT WE DID NOT SEND IN ALL THE DOCUMENTS. Now I ask all of you, if you get a Modification how are these companies allowed to keep doing this to us? I thought the modification was to lower the amount not raise it, and why does it have to cost so much to go else-where to have an attorneys office or mortgage services etc… to actually try (so they say) to get the ball rolling? We are at a loss because we don’t know where to turn anymore, ANY KIND OF HELP, ANSWERS, SUGGESTIONS would be greatly appreciated!

    Thanks, from a down to earth family that just needs a little help, not a hand out.
46. patricia moram says:

    April 25, 2011 at 8:05 pm

    i tray evriting in may power s to seave may house wells fargo keep tellme to make a madificeciones an now the toll me a los may house i now the 18 moths obama new program can you send a aplicassion please ……..
47. Ronald Pearce, II says:

    May 26, 2011 at 2:20 pm

    foreclosure TOMORROW!!!! have been in modification program with wells fargo for 6 months and was denied a mod 2days before foreclosure!!!! make plenty of money and can make payments… PLEASE HELP!!
48. Mireya Skibisky says:

    August 22, 2011 at 2:36 pm

    I feel like I’m always looking for interesting things to read about a variety of topics, but I manage to include your blog among my reads every day because you have interesting entries that I look forward to. Here’s hoping there’s a lot more great material coming!