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We had to re-do the final modification papers twice since I wrote back in March. I finally received the countersigned documents last month, and my rep tells me that everything is complete, and that the loan has been returned to normal servicing. I received a letter from BOA stating that they have submitted requests to all the credit bureaus to correct all those months they were reporting us late.

That letter was from the end of August, but I have not seen anything update yet on my credit report. I called to complain last week and he told me it could take 90 days for those corrections to show. I am simply out of patience but it seems there is nothing I can do but wait.

I have other creditors showing OK for September on my report. To top off my frustration, I received a collection call last Friday. Actually, I had 2 missed calls during the work day, and then I picked up the 3rd call later. We are paycheck to paycheck, and this month I have to pay on the 11th. I wish I could afford to refinance with somebody, ANYBODY else! We did our loan modification if you want to call it that!

They stated to call after paying our payments for a year to refinance..... We have not missed a payment since our so called MOD. Timmy - I had someone tell me the same thing about not having the documents notarized, because there was no notary page. Then another rep told me the mobile notary would bring the hometown cash advance notary page with them, but yet ANOTHER told me the mobile notary was just a courtesy.

In the end, I brought them to the branch and the notary there wrote a line with the notary blurb and signed www personal loans for bad credit and stamped them. That had better be good enough The final docs does come with a notary page. You should have received two copies of the modification to be notarized. The only docs that do not come with a notarized or signature page is the trial mod agreement, it is confirmed of your acceptance when you make the first payment.

Keep in mind, the perm mod is not finalized until you recieve the sign copies back from the bank, it is written in the package. If you would like to call it that, the terms were rediculous but we were under great stress and the threat of foreclosure from Bank of America. All due to the fact that they really messed up with us. They approved us and sent us a new payment sheet etc.

Well long story short that modification that they said we were approved for never came about. Our atty wrote a letter to tell them it was not possible to do re-affirmation papers now as our bankruptcy is closed and discharged in 2009. I escalated to the executive office at BofA and they said my taxes doubled (not true) and ultimately after looking into it said that only one quarterly tax payment was included when they calculated my new modified payment. This is going to happen every year which I did not realize when it happened the first time. BofA had a responsibility to calculate the loan payment including escrow correctly to 30 or 31 percent of my income including correct taxes and insurance.


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Preparingfordefault - you can correspond with the servicer to get a payment and escrow history. I posted back in October about our modification finally being completed. Online banking reflected the correct terms, the mod was returned to us, properly notarized, and was filed by BAC at the registry of deeds. At the end of November our credit reports were Today I logged on to make the June payment and the online banking is all effed up again. Last week a ton of transactions posted (payment reversals, etc. I spent 30 minutes on the phone this morning being bounced from dept to cash usa loans dept.

I had to make an appt for her to call me on Monday. Please somebody else say it happened to them and it turned out OK. I posted back in October about our modification finally being completed. Online banking reflected the correct terms, the mod was returned to us, properly notarized, and was filed by BAC at the registry of deeds. At the end of November our credit reports were Today I logged on to make the June payment and the online banking is all effed up again.

Last week a ton of transactions posted (payment reversals, etc. I spent 30 minutes on the phone this morning being bounced from dept to dept. I had to make an appt for her to call me on Monday.

Please somebody else say it happened to them and it turned out OK. There are new CFPB rules that were recently passed that these banks have to follow and this sounds like it could be a violation of those rules.

It was finalized and made permanent in September of 2012 and it took them until this past October to FINALLY update their systems so that we could make payments online again. The way I finally got that resolved was by emailing the CEO and threatening legal action. I had a phone call within just a few hours from the emergency loans for bad credit assistant of the VP at BOA and our account was finally corrected and put back to normal servicing by the end of that week. Sometimes you have to play hardball with these fools.

The securities in question consisted hometown cash advance of home loans that financial institutions bundled according to their risk.

The products played a key role in the 2008 financial crisis. Loans that were rated as safe began to fail in huge numbers as the housing market collapsed. A loan modification, now close to final, would resolve a bizarre chain of events that began in May 2008 when the frustrated North Carolina homeowner sent mass emails to Countrywide executives, begging them to ease his mortgage payments. Mozilo, the headstrong Countrywide co-founder who aimed to dominate the mortgage business, wrote an impulsive e-mail meant for colleagues. But instead of hitting forward on his computer, Mozilo hit reply. Bailey got the note and posted it on an online borrowers forum. And in December he went public with his plight, telling The Times that the oral deal entitled him to live for free in the two-bedroom, 938-square-foot bungalow he had called home for more than 20 years.

Bank of America spokeswoman Jumana Bauwens said at the time that Bank of America could find no documentation of such an agreement. The bank confirmed that Bailey had skipped 62 straight monthly payments and conceded that it is unusual to go unpaid that long without foreclosing. Its statement said foreclosure holds — seizures halted by changing regulations or investigations into abuses — caused some of the delay. But within payday loans az a week of publication of the Times story, the bank had sent Bailey papers to apply for a loan modification, and by February he began negotiating new loan terms. Bailey, a photographer whose income plummeted during the recession and never recovered, has made three trial payments on a modified loan. I have had better results dealing with the OOP than with regular customer service. I want to stop this in its tracks before it creates a huge mess.

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. When I googled Greenpoint I learned that Capitol One had acquired Greenpoint when they bought a bank and closed Greenpoint in August 2007. Upon further googling I found the below: For those of you that are not already aware, Greenpoint Mortgage has sold ALL of their loans and servicing to Countrywide Mortgage effective November 29, 2008. If you have made attempts to contact Greenpoint or have made any payments on your existing mortgage to Greenpoint after this date please read the following information. The date that Greenpoint will stop accepting payments from you is November 30, 2008.

The date that Countrywide will start accepting payments from you is December 1, 2008. You will receive a payment coupon attached to your Welcome Letter from Countrywide no later than 15 days after the effective date of the transfer. I know my second was serviced by Saxon prior to SLS but am drawing a blank on who I paid before Saxon. I looked at MERS and it shows the active current investor as : Morgan Stanley Mortgage Capital Holdings, LLC- not sure if this is accurate or not. This is really bugging me- MERS shows Morgan Stanley Mortgage Capitol Holdings, LLC as my investor. After SLS misinformed me that Greenpoint same day loans bad credit owned the second I I sent them a letter and let fast loan them know that Greenpoint has been out of business since 2007. They then sent me a letter stating that Morgan Stanley was the investor.

I find it VERY ODD that no one on any board in this forum currently has Morgan Stanley? So why would my loan be showing as Morgan Stanley rather than Ocwen? 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 hometown cash advance their underwater mortgages.


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After a couple of conversations with my new CRM, I think this is what happened: We had several sets of documents notarized over the modification process. The most recent being in June 2013 and Sept 2013, with slightly hometown cash advance different amounts- about 5K more principal was moved from the primary mortgage to the subordinate note. The Sept papers are the ones we received countersigned and they were recorded with the registry of deeds. Apparently the June papers were the ones that they used to update the account. Seems strange because I thought I checked to see that everything matched the final papers. But anyway, they had to reverse that posted and they are starting over with posting the right ones. I told the lady that it would have been awesome if I had gotten a heads-up phone call or message through the site, that there would be a bunch of transactions, and the reason. But of course BOA would never be accused of using common sense. Yes that would make no sense to let you know via a phone call, until you realize they make more revenue from servicing delinquent loans, and the investor of the loan pays for the servicing.

We wish there would be a penalty for taking too long to process loan mods instead of the incentive to capture more revenue. When you are delinquent (even in a trial period plan and waiting for perm docs, this is still in delinquent loan servicing and debt collection), servicing has 1.

I am told that the loan will soon be returned hometown cash advance to normal servicing.

In the meantime, the June credit report update has gone out showing 180 days past due. I got an alert from ProtectMyID that the 180 days report had hit Experian. I thought all fees were taken care of by my modification agreement? On the bright side, it only took 30 days for the credit reporting to update this time.

I have something really interesting regarding my permanent loan modification.

Been making the loan payments online and everything is fine. However, hometown cash advance the other day I received a fedex envelope that has the originally loan doc agreement including a cover sheet stating there was an error (signatures , etc) and docs need to be resigned to accept modification. It was a long road (two years)and with both persistence and knowledge I made it happen. I called the office of the CEO and they finally connecting me to the Post Modification department. Apparently the docs are being requested for the County of LA recorder. I have something really interesting regarding my permanent loan modification. Been making the loan payments online and everything is fine.