Hassle free loans

I was supposed to contact workable solutions agent Dan Rose Oct.

Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. I simply wanted a 30 year FIXED rate loan that I could afford and count on to be stable month after month. Single parent losing part of my child support because one of my children is going to be 18 while I still have a special needs child of 13 with me. Many of you will have to start the loan modification process either now or later. There have not been a whole lot of members who have seen their Interest Only loans adjust, but there have been a few and some who are concerned about the coming resets of their loans.

I can probably swing it, but if the 6 month Libor starts ticking up. Here some good information on both HELOC and IO loans from some older articles that give us numbers and they do not look good.

They seem to increase this year and more and more as the years pass into 2018. Some mortgage and credit experts worry that billions of dollars of home equity credit lines that were extended a decade ago during the housing boom could be heading for big trouble soon, creating a new wave of defaults for banks and homeowners. During the initial 10-year draw period, only interest payments are required. This will force banks to either foreclose, refinance the borrower or modify their loans.

Financial regulators, including the comptroller of the currency, are aware of the coming bulge in high-risk resets and have been urging the biggest banks to what best loans for bad credit is payday loans set aside extra reserves for possible losses. Here are the key points: The interest-only periods, which put off the principal payments for five, seven or 10 years, are now beginning to expire. They were especially popular in Florida, Nevada and above all California. In 2004, nearly half of all buyers in the state got one.

Goldman, a lecturer in real estate finance at San Diego State. In California, the level is even higher: 21 percent, a rate exceeded only in the other bubble states of Florida and Nevada. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. My intention has always been to obtain a fair and affordable loan for the security and well being of my family.


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We are coming way too close to that reset point that seemed so far away when I signed this note.

I know this is very stressful and that is one of the very reasons I created this forum.

Not only to learn, but also to help let you all vent, and get all this stress off your chest. The 2nd article references in 10 year IO loans, but with old stats. I do know that many loans made over the last 10 years were interest only and this trend that has continued up until this very day.

Each one of you help countless others who will follow in your foot steps.

The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet.

You should contact your attorney to obtain advice with respect to any particular issue or problem.

The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our I was just curious if Aspie Mom has an update. I am in the exact same situation and do not know what to do as their is no help for those of us who have IO loans expiring.

I have been contacted by the holder of my 2nd (B of A) notifying me that my IO is set to expire in a year and to contact them then if I have issues. I actually was out of my house for 3 months and just returned this past weekend.

I had posted on here in the summer that I had to put a new roof on the house and was not pleased direct payday lenders no credit check about spending the money. Well it turns out that the roofers were negligent during the installation and my house required repairs that forced my family out for 3 months. Just same day payday loans no credit check another insult in a long list of housing disasters. I can probably swing the payment, it will be tight. But what would really be great is if I could get a Mod into a 40 year fixed. I used the free hassle free loans government website where you payday loans lenders online put in your numbers, and it tells you what you qualify for, and it said a 40 year fixed at 4. I can probably swing the payment, it will be tight. But fast cash com what would really be great is if I could get a Mod into a 40 year fixed. I used the free government hassle free loans website where you put in your numbers, and it tells you what you qualify for, and it said a california cash advance 40 year fixed at 4. Please keep me posted on your situation as I will be interested to see how you fare....... Maybe you tried this already, but do you know of someone, a relative, etc.

This will help you get the extra cash to help you with your mortgage payment. Many people are feeling the pinch and maybe your house has an extra room that you could rent out.

After five attempts for a loan modification, Citi has finally approved my 1st to be modified under HAMP. My interest rate and interest-only period was about to expire in May of this year and I am about to dive into the trial-payment period to firm up my fixed rate for the duration of the loan.

The payment is higher than I am currently paying (approx. I am being told my 2nd will be reviewed under the same program to see if there is anything else they can do, not sure if anyone has any experience with that part of it. I have a mortgage with Citi which will reach the end of the Interest Only period in April 2017.

You can see that I posted 6 years ago about my failed attempt to qualify for HAMP and my credit being ruined at the time. The original terms of the Interest Only loan were not changed, only the interest rate was modified. So now, I am faced with the end of the Interest Only period in April 2017. Should I call Citi and ask for a lower interest rate or a longer term for the loan (or both)? There have been countless LoanSafe members who quick cash loans online bad credit have had the exact same thing happen to them and many were able to obtain a 2nd and even a 3rd loan modification. Unfortunately, some members were not able to get a 2nd loan mod. All you can do is reapply to see if they will give you a 2nd loan modification. As you well know, its is pretty tough to get them to assist you with your mortgage when you are current and there are not current signs of stress even though it is obvious that come April, you will be in trouble. Hence, this will be your biggest obstacle in trying to get help now. With that said, you can definitely try for a loan mod now, but most likely you will have to wait until April or even after you are late on your mortgage after the interest rate reset. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet.

You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of hassle free loans the firm or any individual attorney. I have a good stable job, but always negative income every month after paying the bills.

Any help with figuring out the best approach or angles of attack to solve this are appreciated! Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages.


Direct personal loans

My house is still underwater so this could be the reasoning.

Can they still collect or foreclose on it once it has equity? If you can answer all of that, I can give you a decent answer on how to proceed forward.

Being that your still underwater is wonderful, if you wish to negotiate this. If you can answer all of that, I can give you a decent answer on how to proceed forward. Being that your still underwater is wonderful, if you wish to negotiate this. Citi is no longer sending statements and they are still the services as far as I know. If the loan is truly charged off - no more interest is being collected or accruing.

Whenever you pay off your first loan or attempt to refinance or sell -- you will just have to pay off there lien. You can still quit claim deed the home to a relative, or family, but you cannot sell the house without paying off their lien. As long as you keep your 1st Mortgage, and Property Taxes current, you should be fine.

Citi may be willing to settle the account for 5 to 10 cents on the dollar. That may be significant savings compared to what the pay off might be in 10 years. On your security instrument, deed of trust, or mortgage recorded in public record... A lot of title agencies will actually accept the lien as expired after that date and allow a sale without a payoff so long as there is not a new recording from the loan servicer. This is not completely guaranteed but is a fairly good shot. I would honestly look into potentially getting a settlement. If you can settle this for a few thousand dollars, I would consider borrowing the money from family, a credit card, something if you hassle free loans can. Since it past the SOL there may be provisions (similar to NY) where this is possible. Does anyone know the best way to contact CitiMortgage to discuss settlement? Every number I call they have no record of my mortgage and cannot help me. Since they sold off their mortgage business all of their numbers go to borrow money today the new firm that took it over. My lien with the county recorder still shows as CitiMortgage. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. One more question--Can I still perform a shortsale AFTER the October 18th bank sale (or at least their attempt to sell)? If the property is in Illinois, then you would not have any redemption rights after the sale so the property would no longer be yours to sell.