Loans in laredo tx

This is a common mistake from a comment a Servicer made, and it must be corrected manually. NPV was updated the day after our denial was issued.

I have not been successful in explaining this to our Servicer,they payday loans topeka ks get very flustered when I ask these very specific questions. My husband and I are at ages where we do not have the luxury of starting over--our home is all we have left from the ravages of the economy. I know we can certainly afford reasonable payments, and want desperately to keep our home. The rest report uses the brand new as of December 3.

Hi, I have been in foreclosure hell for over 2 years. It may seem great but urgent money personal loans orlando who wants to wake up every day not knowing if you should do like the neighbors and leave or hang on waiting for a miracle. Every time I miss a payment it gets added to arrearages so I am just putting my family in greater debt and that is not a good feeling. I have been dealing with Countrywide now Bank of America with this mess since 2007, I am 80,000 in paydaybank arrears owe over 250,000 on a home I bought in 2005 that is valued at 90,000 and I have been denied a loan modification many times for many reasons.

I thought we had lost our home when I declined because they set a sale date but I kept contacting different departments cash register desk to cancel the sale. I even had to call the trustee myself the day before the auction to cancel the sale.

So anyway I received paperwork for a trial modification under the HAMP program to begin April 2010.

I called to get an update and they said they needed more information.

I sent docs they asked for and again send me envelopes by FedEx asking to use their return envelope for more docs. I received a notice dated Dec 28, 2010 of missing required documents and they gave me a deadline of Thurs Jan 27,2011 to fax all documents but I received a notice dated Jan 6, 2011 on Jan 11, 2011 that the Modification was declined because the financial information submitted indicates I do not have resources to support a repayment plan or loan modification and to please contact BAC if your situation improves.

I do not work but my husband has been at his place of employment since 1994 (USPS) and we had a hardship when they cut hours a few years back and our mortgage payments (we had 2 homes at the time) went up. I am ready to send the docs but I am too tired of living in a house of cards and my husband has told me time and time again to let it go and find a place to rent and be done loans in laredo tx with it. I thought we would have received the modification in the beginning when the PO cut hours because of job stability but I have always wondered and tried to figure out the financial side of what we are dealing with.


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I think the rest report would give me a clear look into all this mess and give me insight into what I am really trying to do here. I would love to get you a rest report i will use my best judgement and say that moe will call me tomorrow and approve you to be on our rest report matters trial plan.. I hope I just wanted to post a preliminary status report on my experience with the REST report. As business began to cool in 07-08 my income took a hit. In late 08 it became apparent we were falling behind. Like good little drones we notified the bank and asked for some help. This was our introduction into the TwiLight Zone now known as the HAMPSTER WHEEL.

In the intervening years we have gone thru every kind of hell the bank has thrown at us. Jerked around by lost paperwork, updates up the ying yang, etc, etc, etc.... We worked the numbers with the bank and they qualified us for a trial payment plan in early 2010.

This of course began the cascade of phone calls and letters from people wanting to help... I found this forum, desperate and looking for the right path to loan payday take.

Like many others here, I have spent hundreds of hours reading, studying, learning. Trying find out what I could do and who I could talk to to help us save our home. My paperwork is till under review in some dark dingy hole at my servicers, getting kicked around til the time they decide to foreclose. I have spent countless hours trying to figure out what motivates the banks to decide what they decide. After reading the threads and all applicable links, I saw a tool which would allow me to know in short order if loans in laredo tx I qualified or if I was wasting my time trying. So I jumped at the chance to be a guinea pig for this forum.

I hounded down Charlie and threw myself into the mix. I took the afternoon off and made myself available to answer all their pre-qual questions on income, property values, loan status etc. Then we get on a 3way call with my bank to get current data. The important thing to remember is that these results are based on the algorithms used by MY BANK and criteria from Treasury for the NPV test. The results show I qualify for modifacation based on 2 facts. It is in my investors best interest that my loan get recast rather than the loans in laredo tx properrty be retaken via foreclosure, and 2. Thinking back on all the hours I spent beating my head against the computer monitor trying to get somewhere close to knowing the above, it was amazing to me that in a few short hours these data were presented to me. This to me is VITAL because it tells me where I should spend my time.

At the end of the day, most of us will save countless days and hours just learning quickly whether we should fish, or cut bait. It is on to the next phase where I present this data to my bank.

They may be interested to know that my bank, as the servicer for their loan, is willing to screw THEM for their own benefit. He learned in 5 SECONDS what some of us take FOREVER, if EVER to learn!!!!

Dell loans in laredo tx thank you glad your experience at rest reprt matters so far has been great. It was a special cicumstance he got fast tracked because i wanted our first loan safe one to get going! Or just make them take name number and your online forum name!!

And they will put it on my desk - Thanks so much for taking the time to respond here in the open with your initial review of the Rest Report. I feel this is important in keeping the results transparent to the community. Thus, anyone else who may be contemplating purchasing the report can make their own educated decision.

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 What I would like to do is get at least 10-15 responses here and then narrow it down based on hardship and of course, ability to pay. You must be able to shoe the ability to afford your home long term at a decent mortgage rate. My goal is to narrow it down to 6 or so with Charlie and let his firm pick from a hat. 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. That is my favorite part, we can all talk about how good it works or doesnt work for you. Since 2007, the LoanSafe fast cash loans in laredo tx today 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.

My original loan was with Chase, but back in 2012 (if i remember correctly) Chase sold my loan to SPS. After the take over, I applied for a loan loans in laredo tx modification and was approved. After searching here for SPS, not even sure if I was considered for the DOJ settlement for a principal reduction or I might have missed it back then, but maybe too late now.


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My question is, I have made payments the last few months just to cover my principal and interest and NOT to the escrow portion so that leaves my escrow portion unpaid the last few months.

And how hard is it to get approved by SPS these days? Seems like back then, in 2012 and 2013, it seemed a bit easier to get approved for a loan modification. Getting a loan modification today is pretty much the same as it has always been. It is still very tough and takes a combination of luck, persistence, and patience.

I assume you were lucky back then and this time just not as lucky so now it takes persistence and patience. Your mortgage balance would include escrows such as taxes and late fees etc. I never heard of that and have seen thousands of loan modification over the years. The comments by me and the materials available at this web site are for informational purposes only and not direct payday lenders online 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.

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. We went to escalations internal (BOA) and the MHA escalations the letter we received to day 3-4-13 says: Based on our review of your escalations case we have determined the following unfortunately, based on our review your loan is not eligible for a MHA program. A foreclosure is in the process for your property please respond to all foreclosure notices and contact us with questions. We went to escalations internal (BOA) and the MHA escalations the letter we received to day loans in laredo tx 3-4-13 says: Based on our review of your escalations case we have determined the following unfortunately, based on our review your loan is not eligible for a MHA program. A foreclosure is in the process for your property please respond to all foreclosure notices and contact us with questions. MJ I have been working with several departments at Bank of America on loan mods and being paid by homeowners after they have received what they wanted such as an affordable loan mod. Does anybody know a similar company that will offer the same service or something close. 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.