Loan Modification Forum - LoanSafe.org - View Single Post

franklinco · 07-27-2009, 03:35 AM

Gary,
Hopefully the first Mortgage Insurance people offer practical and positive options in order to get you on track again. You would think that the default insurance company would actively work to sell off your loan to a lender who could write the loan to affordable conditions. Realistically I believe they will not suggest loan modification.
I have an 80/20 loan setup and the second loan sold off to Radian and then to a lender in Boca Raton, FL. The loan terms are the same. It was a transfer early in the default and during BK chapter 13. The first loan is still with the original lender.

07-27-2009, 03:35 AM	#211 (permalink)
franklinco Senior Member Join Date: Dec 2008 Posts: 416 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Mortgage companies and H4H success! Gary, Hopefully the first Mortgage Insurance people offer practical and positive options in order to get you on track again. You would think that the default insurance company would actively work to sell off your loan to a lender who could write the loan to affordable conditions. Realistically I believe they will not suggest loan modification. I have an 80/20 loan setup and the second loan sold off to Radian and then to a lender in Boca Raton, FL. The loan terms are the same. It was a transfer early in the default and during BK chapter 13. The first loan is still with the original lender.