Loan Modification Forum - LoanSafe.org - View Single Post - Ohio Homeowner Fights Foreclosure & Lives Pymt Free for 11 YEARS!!!

tomnikids3 · 12-31-2007, 05:41 PM

[QUOTE=dealingwithHomeEq;2556]Mr. Davet is a hero. And speaking of HomEq, does anyone know how long you can stall the collections people at Homeq before they finally hand you over to the next level--loss mitigation? I know they've got to have some objective guidelines for their collections people.

My payment was due on December 15. They finally called me yesterday for the first time. That should be an indication of how inundated these people are.

I have had dealing with Homeq for the last several months and believe me they dont seem to easily let you get in touch with the loss mitigation dept, i proposed a modification plan drew up the numbers submitted that with our paystubs, taxes info, etc. and have not heard yet and its been 4 wks. its an uphill battle with Homeq that really has no real vested interest..all they can suggest is put the house up for short sale, we got behind due to my job loss several months ago, i got back to work 3 months ago and we have almost begged Homeq to work with us to save our home. The ONLY plan they could propose is pay 4954.00 a month which was impossible...We we served with foreclosure papers this past saturday that finally let us know who owns the note and i will try to circumvent Homeq and appeal directly to Wells Fargo, in the meantime i have compose a rebuttal letter to the attorney or Wells and the court in my County. Its a shame to me that my proposal i submitted to Homeq porposed paying everything with 2 scenarios of 30 and 40 year rates affordable payments and they would not loose a dime. Does it make sense that they would rather lose money than retain and make money? I dont have a masters degree in finance but this is not rocket science to me.

12-31-2007, 05:41 PM	#10 (permalink)
tomnikids3 Banned Join Date: Oct 2007 Posts: 6 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Ohio Homeowner Fights Foreclosure and Lives Payment Free for 11 Years [QUOTE=dealingwithHomeEq;2556]Mr. Davet is a hero. And speaking of HomEq, does anyone know how long you can stall the collections people at Homeq before they finally hand you over to the next level--loss mitigation? I know they've got to have some objective guidelines for their collections people. My payment was due on December 15. They finally called me yesterday for the first time. That should be an indication of how inundated these people are. I have had dealing with Homeq for the last several months and believe me they dont seem to easily let you get in touch with the loss mitigation dept, i proposed a modification plan drew up the numbers submitted that with our paystubs, taxes info, etc. and have not heard yet and its been 4 wks. its an uphill battle with Homeq that really has no real vested interest..all they can suggest is put the house up for short sale, we got behind due to my job loss several months ago, i got back to work 3 months ago and we have almost begged Homeq to work with us to save our home. The ONLY plan they could propose is pay 4954.00 a month which was impossible...We we served with foreclosure papers this past saturday that finally let us know who owns the note and i will try to circumvent Homeq and appeal directly to Wells Fargo, in the meantime i have compose a rebuttal letter to the attorney or Wells and the court in my County. Its a shame to me that my proposal i submitted to Homeq porposed paying everything with 2 scenarios of 30 and 40 year rates affordable payments and they would not loose a dime. Does it make sense that they would rather lose money than retain and make money? I dont have a masters degree in finance but this is not rocket science to me.