Loan Modification Forum - LoanSafe.org - View Single Post - New Thread

rlhoneydew · 07-04-2009, 10:27 AM

Hi AACPA,

I originally applied for a mod. on 3/11/09 (faxed Saxon paperwork including hardship letter, tax info, income, etc.)

On my hardship letter, I requested to be considered under the HAMP modification plan. I guess because they had not "signed on" at that point, the only processed mine through their regular channels.

I kept in contact at least a couple times a week, I always spoke with a different rep. when I called, and they always had a different story.... not consistent.

On 5/8/09 I called and they told me I was not approved for the modification (they never called me). I began the water works & the gentlemen on the phone asked me to hold to see what he could do. I was transferred to the "HAMP (Obama) Mod Dept." They took all my info., and said I DID pre-qualify for the HAMP plan. They said because my mod. was requested prior to the implementation of the HAMP, I was not inititally considered for it.

They overnighted the HAMP paperwork, and sent me an overnight envelope so that I could send my 1st trial payment check, and completed paperwork right back. I sent it on 5/13/09.

They sent a form back with their signature on it - which I later determined was my "approval".

I sent my 2nd trial payment on 6/30 (overnight).

So.. I am anticipating my 3rd payment due 8/1 & I hope that my payment will be recalculated properly. I faxed them a letter recently, asking them to please re-do my payment amount so that it is accurate prior to the mod. being finalized...

Hope that gives you a better idea of the timeline I encountered? If I had just waited to apply until they were actually doing HAMP mods. It might have gone more quickly?!

Good Luck

07-04-2009, 10:27 AM	#38 (permalink)
rlhoneydew Senior Member Join Date: Jun 2009 Posts: 56 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: New Thread - Reporting 3 Month Trial Updates Hi AACPA, I originally applied for a mod. on 3/11/09 (faxed Saxon paperwork including hardship letter, tax info, income, etc.) On my hardship letter, I requested to be considered under the HAMP modification plan. I guess because they had not "signed on" at that point, the only processed mine through their regular channels. I kept in contact at least a couple times a week, I always spoke with a different rep. when I called, and they always had a different story.... not consistent. On 5/8/09 I called and they told me I was not approved for the modification (they never called me). I began the water works & the gentlemen on the phone asked me to hold to see what he could do. I was transferred to the "HAMP (Obama) Mod Dept." They took all my info., and said I DID pre-qualify for the HAMP plan. They said because my mod. was requested prior to the implementation of the HAMP, I was not inititally considered for it. They overnighted the HAMP paperwork, and sent me an overnight envelope so that I could send my 1st trial payment check, and completed paperwork right back. I sent it on 5/13/09. They sent a form back with their signature on it - which I later determined was my "approval". I sent my 2nd trial payment on 6/30 (overnight). So.. I am anticipating my 3rd payment due 8/1 & I hope that my payment will be recalculated properly. I faxed them a letter recently, asking them to please re-do my payment amount so that it is accurate prior to the mod. being finalized... Hope that gives you a better idea of the timeline I encountered? If I had just waited to apply until they were actually doing HAMP mods. It might have gone more quickly?! Good Luck