| Re: Our WAMU story
Hi everyone,
I have decided to try to negotiate with WAMU on my own. We have been working with a local bank who was offering a "short refi" for us. I understand this is a lengthy process, whatever you ae trying to do, but I made my last mortgage payment in March, Sherifs sale is Dec 4th. WAMU told me yesterday they have NO RECORD of any contact by said bank in our file!
My question is this: What is everyone's opinion of attempting to get a principal reduction in addition to interest rate? I have sent a RESPA request to WAMU to have an attorney review for TILA violations which we believe ae there- the biggie being an inflated appraisal. 330,000 in Oct 06, 224,000 in April 08. I remember the mortgage broker saying he needed to see "how high" he could get the appraisal to come in at to see what debt could be included in our refi.) From what I understand, an attorney can halt the foreclosure process while conducting a document audit. So, I am hoping between us, Hope for Homeowners and all the stars aligning correctly, we will be able to work something out. Above is the letter I sent to WAMU requesting certian terms. I figure I have nothing to lose, and those are terms I can live with, period. Otherwise, take the house and I will rebuild my life.
Thank you all for listening and sharing.
Lisa |