Loan Modification Forum - LoanSafe.org - View Single Post

garyys · 11-15-2008, 01:44 PM

Thanks for the update revcarrie.

I actually called my congressman's office, but they never responded. Even if they had, I really don't know what they could have done, besides vote for something next time it came up (he voted yes on the h4h program). I'm curious did your cousin write letters to their congressmen and women, if so, specifically how did it help? As far as research goes, I have been researching and calling about this program since the first day I heard about it (about two or three months prior to the Oct 1 roll out). Everyone just told me to call back after Oct. 1. I was on the phone to Aurora at 5 am (west coast time) on Oct 1, they told me they had no details. I called them back at 10 am, and the next day, then about once a week ever since. They have continued to tell me they are not a FHA lender, and I would have to find a lender that is participating and have them present the loan to them, like a short sale/refi. The lenders I contacted off of the FHA list (I found it the first day it was up) have led me on (took my loan paperwork and then never returned my calls or email), or told me they have no "investors" interested in the loan. Let me clarify this, because people don't seem to try and understand what people are writing on this board. It is not the "investor" on my loan that won't agree to the terms of principal reduction, ect.... The "Investor" who would invest in the new loan are not interested in these loans? Seems odd to me, if you fit the criteria and ratios, it should be a good note to invest in? So I am finaly glad to hear this is moving forward for someone. What did they need to send to Aurora, I thought that the company presenting the H4H loan would have done this? Had they previously tried for a loan mod directly with Aurora, or is this the first try? Who is the H4H lender they are working with?

This entire process has been frustrating to me, and I am much like you, not taking no for an answer. Unfortunatly I can't make this a full time job, but it has been taking up most of my spare time.

Thanks again revcarrie, and please keep us posted.

Gary

11-15-2008, 01:44 PM	#9 (permalink)
garyys Senior Member Join Date: Oct 2008 Location: Central Valley, CA Posts: 49 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Mortgage companies and H4H success! Thanks for the update revcarrie. I actually called my congressman's office, but they never responded. Even if they had, I really don't know what they could have done, besides vote for something next time it came up (he voted yes on the h4h program). I'm curious did your cousin write letters to their congressmen and women, if so, specifically how did it help? As far as research goes, I have been researching and calling about this program since the first day I heard about it (about two or three months prior to the Oct 1 roll out). Everyone just told me to call back after Oct. 1. I was on the phone to Aurora at 5 am (west coast time) on Oct 1, they told me they had no details. I called them back at 10 am, and the next day, then about once a week ever since. They have continued to tell me they are not a FHA lender, and I would have to find a lender that is participating and have them present the loan to them, like a short sale/refi. The lenders I contacted off of the FHA list (I found it the first day it was up) have led me on (took my loan paperwork and then never returned my calls or email), or told me they have no "investors" interested in the loan. Let me clarify this, because people don't seem to try and understand what people are writing on this board. It is not the "investor" on my loan that won't agree to the terms of principal reduction, ect.... The "Investor" who would invest in the new loan are not interested in these loans? Seems odd to me, if you fit the criteria and ratios, it should be a good note to invest in? So I am finaly glad to hear this is moving forward for someone. What did they need to send to Aurora, I thought that the company presenting the H4H loan would have done this? Had they previously tried for a loan mod directly with Aurora, or is this the first try? Who is the H4H lender they are working with? This entire process has been frustrating to me, and I am much like you, not taking no for an answer. Unfortunatly I can't make this a full time job, but it has been taking up most of my spare time. Thanks again revcarrie, and please keep us posted. Gary