Loan Modification Forum - LoanSafe.org - View Single Post

03-29-2008, 10:35 AM

OK you make the April "Good Faith" and then roll to that May payment and your interest is current through March 31st by my reckoning of the read on this agreement. You are fine, they did take the rolling of the interest to the 3/31/08 date and then rolled out the new payment schedule the following month...they know that you have not made that March payment.

Trust me they know......so, get the thing in a format that you can open on your computer like PDF and when you speak with them, make sure that my read is correct and also make sure that they do not report you late for March since they are rolling the issue for you into April's "payment". Frankly a 1X30 on the mortgage is a hit, but in 12 months or less it is a non-event with a credit profile that does not support the 1X30 mortgage ding. With a credit profile that is fairly clean and un-dinged...I tend to look at the 1X30 as an isolated event after 6 to 8 months and move on. All in all I have approved a lot worse with the issues encapsulated and documented.

03-29-2008, 10:35 AM	#18 (permalink)
Mary Salzer Guest Posts: n/a	Re: Ocwen SUCCESS!!!! OK you make the April "Good Faith" and then roll to that May payment and your interest is current through March 31st by my reckoning of the read on this agreement. You are fine, they did take the rolling of the interest to the 3/31/08 date and then rolled out the new payment schedule the following month...they know that you have not made that March payment. Trust me they know......so, get the thing in a format that you can open on your computer like PDF and when you speak with them, make sure that my read is correct and also make sure that they do not report you late for March since they are rolling the issue for you into April's "payment". Frankly a 1X30 on the mortgage is a hit, but in 12 months or less it is a non-event with a credit profile that does not support the 1X30 mortgage ding. With a credit profile that is fairly clean and un-dinged...I tend to look at the 1X30 as an isolated event after 6 to 8 months and move on. All in all I have approved a lot worse with the issues encapsulated and documented.