View Single Post
Old 04-22-2008, 09:27 PM   #2 (permalink)
Moe Bedard
Founder
  
 
Moe Bedard's Avatar
 
Join Date: Aug 2007
Location: Southern California
Posts: 17,463
Nominated 0 Times in 0 Posts
TOTW/F/M Award(s): 0
Moe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond reputeMoe Bedard has a reputation beyond repute
Re: MTA Pay Option HELP PLEASE !!

Hi Looking4Help,

Welcome to the forum and thank you for joining................

You are in the starting phase of a very difficult fight...........
What CW is doing when modifying loans is freezing rates at anywhere from 5-7%............however, they are fully amortizing the payments to include Principle, Interest, Taxes, and Insurance.........
Is this something that you will be able to do moving forward?

For the modification with the Household Income versus the Household Expenses you need to show a surplus of around $100-$250 when all is said and done..............
__________________
Moe Bedard
Founder

LoanSafe.org "America's #1 Loan & Debt Forum"
LoanWorkout.org "America's #1 Loan Modification Blog"
MoeBedard.com "My Work From Home Blog"


Get My FREE Loan Modification E-Book | Please donate to LoanSafe.org

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 Here.
Moe Bedard is offline   Reply With Quote Share with Facebook