Loans, Debt & Credit - View Single Post - ASC Success, What a Mess I've Got Myself Into

Moe Bedard · 09-17-2007, 10:00 AM

I'm sorry to hear that this is happening but as you know there are a lot of homeowners like yourself that are going through this very same thing. I know it doesn't make sense because there is no sense right now in the mortgage market and in particular, loss mitigation and loan modifications.
There are no clear cut rules or guidelines. It's going to have to take congress to implement changes and force lenders to modify loans for borrowers that qualify because their are no refinancing options or relief of these toxic ARM's.

What happened with the FHA lender?

09-17-2007, 10:00 AM	#7 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 17,463 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Loan Modification I'm sorry to hear that this is happening but as you know there are a lot of homeowners like yourself that are going through this very same thing. I know it doesn't make sense because there is no sense right now in the mortgage market and in particular, loss mitigation and loan modifications. There are no clear cut rules or guidelines. It's going to have to take congress to implement changes and force lenders to modify loans for borrowers that qualify because their are no refinancing options or relief of these toxic ARM's. What happened with the FHA lender? __________________ 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.