[revcarrie]

Garyys,
All I can do is tell you what has worked for myself and my extended family. First, it is up to congressmen and women to be made aware when legislation they passed is NOT being carried through in the intent that it was passed....IE: the 750 Billion bailout not being used to loan but being used for investors and CEO bonusesand in some cases $23,000 for spa treatments! This is why they have been called to this lame duck session to correct or force the intent of the bailout with new legislation.

Now for "research", yes, I called and e-mailed and listened to the news reports prior to Oct 1 also. I learned a great deal from the "NO" answers I was getting. It is NOT necessarily FHA leanders who are getting involved here. In fact most of them are not. There are 23 pages worth of companies who ARE doing this TYPE of FHA loan with the H4H owner's bill. They are handling different states or sections of the country more as a "speciality" rather than all FHA lenders doing it. No, the guidelines were not available until just recently...far beyond the Oct 1 date...as often happens with gov and especially when there isn't any presidence to draw from. Everyone is flying by the seat of their collective pants on the hill, the same as all of us are too.

We don't know for sure yet who the actual owner of my cousin's loan is but whatever compnay it is, they are willing to let Aurora negotiate the out come. The loan had been sold at least four times and maybe more and we suspect it ended up with Fannie Mae which of course is the Feds now. This has apparently ended up a Fed bailout and the Feds are the owners in this case. Lucky for my cousin that this is the case. As with anything else and anyone else, come companies will respond and others will not....at least not yet. Refer to the aforementioned lame duck session for legislation. Fortunately again, the H4H people for my cousin have responded and quite rapidly as well....within 48 hours.

The same docs were needed at both H4H and Aurora...Hardship letter, wages proofs, expense sheets ect. Both got the same docs. The H4H requires $350 up front of which $250 is returned at the closing according to the agent she is working with. This is to make sure the time isn't spent on this process only to for people who are not serious about it, to bak out. The $100 left is for filing fees.

I'm guessing that Aurora is getting a fee for doing this from either the investor or some other source because it isn't my cousin. Remember, this loan of hers was sooooo wrongly done that Aurora could have charges brought against some of their employees if they didn't start working with those who have been faulted. The apraisal is about 50-60 thousand dollars "over valued" by the Aurora apraiser according to apraisals in the neighborhood at the same time and now too. The papers were signed while standing at the kitchen cabinet of an "agent" in the agent's home while the agent was babysitting SEVEN youngesters! The whole thing was the "back alley" things movies are made of.

My cousin has stayed proactive in this case by personally sending the paperwork to both agenices and therefore she retains the very same records in the very same order with papers numbered and the last four digits of her SS number on each of them along with her name.....far less likely to "get lost". She also has the fax receipt for both sets of papers to each company with dates, times ect. She has kept a phone and fax record for all of these transactions and INFORMED both ends that she was mistakenly taken in once but she is very much informed and on top of things now. She also now knows her legal rights with Aurora and she has let THEM know that as well.

Yes, she had tried talking to Aurora about a loan mod and they didn't want to talk to her for another 5 years when it was due to reset. She didn't settle for that approach. She missed two payments and that seemed to have gotten Aurora's attention to the point they were calling her. Like I have stated before in another posting, Aurora asked her," How many times are you willing to tell your story?" Her answer was, " As many times and to whomever I need to until this is resolved," to her satisfaction. That also seems to have gotten their attention. There are many people who don't have the new found tenacity that she has found but now EVERYONE knows that she isn't going away.

One thing to remember, so I've found out, is these employees on the other end of the phone are just that, employees, and not the investors themselves who probably never answer their own phones. These employees can lose their jobs through layoffs and some have already been annouced through the news media in various organizations. They are facing uncertainity the same as those out here are.

Respect and lack of emotionalism is what is needed. I realize this is difficult to do when those out here on this end are so threatened with winter and the holiday seasons with all of their expectations coming too as well as a roof over your head.

I know it may seem far fetched by I treated our own Mod as a game of Clue. I kept crossing off things that didn't work until I found something that did work. I had the paperwork into Citi before I found this website. I had called and called and got disconnected or to someone who didn't know anything about anything. When I got the right number from here, everything was done with the Mod deal in four days. Jennifer even called us back to give us a "heads up" on the escrow check that we received yesterday and will be asked for it back in January with our first Mod payment. This was way above and beyond her duties. WONDERFUL lady!

If I have missed an answer to your questions about the experience that my extended family is having, please let me know. Every circumstance is going to be different....never a dull moment! This is what she is expierencing.

I am only a home owner with other professions like yourselves. My only goal to encourage you to keep your heads up high and no that you are not alone. I really admire those who are here to share their stories and support one another. Blessing sin your progress and keep the faith. We live in America and things do indeed work here....we just have to keep at it and have faith.
revcarrie