Large loans for bad credit

This whole thing is just becoming a battle of the wits and patience! I am not sure if you ever saw the The Princess Bride and the scene where they are doing a battle of the wits to see which cup the poison is in and heard the dialogue of how they justify their decision on which cup to drink. The Standard Modification Exception I am referring to says: Servicers are delegated to approve modifications that meet the eligibility criteria published in Guide Chapter B65. This includes modifications where the gross UPB (prior to capitalization) creates a MTMLTV ratio that is less than 80 percent. I know they have to submit the request using Loan Prospector, and my category, as I see it, is Risk of Ownership. Not sure if that will work, but I will try anything at this point! Any ideas on where I can find that - the real ones, not the ghost ones.

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 Privacy Policy and Legal Disclaimer Thank you. I contacted Michael Cardace again and asked him to find someone who cares this time to help me. The last Executive Response Team unit person he put me in touch with was very helpful in sharing information but was apparently not authorized or did not want to do much beyond that.

My situation takes applying some brains and not just regurgitating payday loans in san antonio the computer information. My poor little homeowner support specialist who has a caselog of 150 - he gets it, but he is not authorized to do anything.

So, I am hopeful that Michael can do something before I start my email assault on the Citi execs.

I qualify for the Standard Modification, period, and also for the Exception, period - I have even pay direct loans online read the list of computer inputs for the Imminent Default Indicator computer model.

I am planning to also contact my congressman and complain about Citi and Freddie. This is a game, and frankly, I have a job and a family to support, and I am getting tired of playing. And, looking through these threads, I find that you and possibly one short term loans no credit checks or two others are about the ONLY people who have gotten their mortgage modified with Citi as their servicer. I see more posts for successful mods by other lenders than successful mods through Citi.

So, I have no other information than to agree with the rest of the world on how bad Citi is to deal with.

I have demonstrated hardship, I have demonstrated how I can pay, I have demonstrated how I qualify - period. If Michael Cardace cannot come through and find someone who will work with me and get this loan presented correctly to Freddie Mac, as I have shown them on countless occasions, then yes, I will declare my own mortgage war! One of the large loans for bad credit programs designed to help homeowners who are unable to keep up with their mortgage payments is known as the Home Affordable Modification Program. The Home Affordable Modification Program, more commonly referred to as HAMP, is essentially a debt reduction program that involves the government helping out in repaying a remaining loan balance.

Servicers may elect to forgive principal under HAMP on a stand-alone basis or before any modification step in order to achieve the target monthly mortgage payment. There are multiple guidelines and requirements that must be fulfilled in order for a homeowner to be eligible for the Home Affordable Modification Program. The first guideline involves a requirement that the loan must have originated prior to January 1, 2009. This requirement was enacted to ensure that only those homeowners that experienced financial difficulties during the mortgage crisis were allowed to take advantage of the program. Homeowners must also provide proof of loan with no credit residence, preferably through a utility bill. Those who loans for single parents invest in property and receive passive income from investments are not eligible under the Home Affordable Modification Program. Homeowners must also have a recent appraisal or one that is not older than 60 days.

Borrowers must also provide proof of income level by submitting the appropriate IRS forms.

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 have been in a HAMP loan for the last three years. My lender is Ocwen, and I just asked them for a payoff quote. I was curious on what I owe compared to the homes value. Do payoff quotes include the balloon payments for that time? Am I to assume that were I able to actually pay off my mortgage that the quote they gave me is all that I could be billed for? But sometimes they do not include the balloon and I assume this is what may have happened here. Did you try to do the numbers and or compare it to your loan modification numbers? The comments by me online long term loans 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. But sometimes they do not include the balloon and I assume this is what may have happened here.

Did you try to do the numbers and or compare it to your loan modification numbers? But sometimes they do not include the balloon and I assume this is what may have happened here. Did you try to do the numbers and or compare it to your loan modification numbers? Yes, I did review the numbers, and that is why I questioned it.

They do not spell out a balloon payment due in the documentation, either. Seems strange to me to leave it off, considering if I were really planning on doing that, I would have an incorrect figure. I appreciate knowing that they can, in fact, come back and add it in. I am trying to stay on top of how much my house is worth vs how much more I am accruing with this balloon large loans for bad credit payment every month. 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.


Need loan fast

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 believe, in some cases, the modified loan requires monthly payments that will not pay off the full principal by the end of the mortage term, so there will still be a balance due at the end of the term..... But, this simply represents the remaining principal balance on your loan... However if I sell or refinance before the end of the 24 year term I only owe the current principal balance... The numbers that match fit the scenario I described above.... 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 large loans for bad credit their underwater mortgages. Citi using this number to judge whether I can afford the personal loans guaranteed instant approval mortgage.

So, if I can stay in BK for the next four years, then second mortgage lien and liability go away. HO Support would not tell me the amount, but told me you have equity in your home.

The historical charts on the LIBOR large loans for bad credit rate really scare me. They stabilize for a few years, then they skyrocket up. I figure large loans for bad credit I will be too broke to pay the refinance fees - and still reeling from the bad marks on my credit from the BK - and trying to put my first kid through college.

I am tempted to dump my IRA, pay off all the arrearages, eliminate the Citi claim, then in a year try for a Freddie Mac Open Access Refinance or a FHA Refinance Can I even do a Freddie Mac Open Access Refinance if I am in BK? I think I can take it all out and eliminate the BK claim - or at least get close. This is a tough decision - totally starve for the next four years and pray or kind of starve for the next four years and pray!