Loan Modification Forum - LoanSafe.org - View Single Post - ASC mod dennied, please help

Antigone · 11-07-2008, 12:18 AM

We purchased our condo in Feb 2006 after we moved here from Florida. The loan officer promised us a 5.5% interest rate, however after we signed the loan, we realized it was 8.875, we tried to contact the loan officer, but he did not pick up his phone and was gone. Feb 2008, it adjusted to 10.875. The mortgage payment increased about $1100 a month which we couldn't afford. We defaulted and asked for assitant. With the adjusted in payment, we had a negative about 300/mo. But with the original mortage we have a surplus about 700/month. But we were dennied. We contacted ASC again tried to do a mod, again it was dennied. Their staff was so rude. She said that I shouldn't buy a house at that time. Since I signed the note, I have to liable for it, and it was my fault to trust the loan officer. They have not filed the trustee sale yet, but it's very close. We don't want to loose our condo. Please help.

Would you advice me what should I do to keep my home? is that possible that I email a manager, president, vice president to ask them for help?

Does anyone of you have any email or contact for these people? I am very anxious. This strees has burdened me for the last 8 months.

Thank you so much for your consideration and help.

11-07-2008, 12:18 AM	#1 (permalink)
Antigone Junior Member Join Date: Oct 2008 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	ASC mod dennied, please help - URGENT We purchased our condo in Feb 2006 after we moved here from Florida. The loan officer promised us a 5.5% interest rate, however after we signed the loan, we realized it was 8.875, we tried to contact the loan officer, but he did not pick up his phone and was gone. Feb 2008, it adjusted to 10.875. The mortgage payment increased about $1100 a month which we couldn't afford. We defaulted and asked for assitant. With the adjusted in payment, we had a negative about 300/mo. But with the original mortage we have a surplus about 700/month. But we were dennied. We contacted ASC again tried to do a mod, again it was dennied. Their staff was so rude. She said that I shouldn't buy a house at that time. Since I signed the note, I have to liable for it, and it was my fault to trust the loan officer. They have not filed the trustee sale yet, but it's very close. We don't want to loose our condo. Please help. Would you advice me what should I do to keep my home? is that possible that I email a manager, president, vice president to ask them for help? Does anyone of you have any email or contact for these people? I am very anxious. This strees has burdened me for the last 8 months. Thank you so much for your consideration and help.