Loan Modification Forum - LoanSafe.org - View Single Post - Going to attempt a Countrywide Loan Mod, advice needed please

The Professor · 11-17-2008, 06:18 PM

I'm going to tackle both of these but before I do, I'll need some more information. What I sense is that you originally occupied the condo as your residence (hence your use of the words "move back to our condo"). So let's start with questions relating to the condo and then next we will deal with the house.

1. What state is the condo located in?
2. Was the condo purchased for occupancy as your primary residence?
3. Were the two loans identified below created at the time your purchased the condo?
1^st Countrywide – 510,000 Neg Am 6.00% - Minimum pmt 1510/mo + 1800/mo impound acct (see below) – Principal climbing quickly!
2^nd Popular Mortgage – 110,000 HELOC around 6.00% pmt 650/mo

Next let's look at the home.

1. What state is the home located in?
2. Was the home purchased for occupancy as your primary residence?
3. Were the two loans identified below created at the time your purchased the condo?
1^st - ING 1,020,000 5.50% 5/1 Arm IO = 4675/mo
2^nd - Chase 250,000 7.00% 30 yr fixed = 1754/mo

I don't normally follow this forum so if I don't respond in twenty-four (24) hours after you answer the questions, give me a nudge on the "walk away" forum.

Daniel

11-17-2008, 06:18 PM	#7 (permalink)
The Professor Senior Member Join Date: Jul 2008 Location: 49er Gold Country Posts: 1,543 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Going to attempt a Countrywide Loan Mod, advice needed please I'm going to tackle both of these but before I do, I'll need some more information. What I sense is that you originally occupied the condo as your residence (hence your use of the words "move back to our condo"). So let's start with questions relating to the condo and then next we will deal with the house. 1. What state is the condo located in? 2. Was the condo purchased for occupancy as your primary residence? 3. Were the two loans identified below created at the time your purchased the condo? 1^st Countrywide – 510,000 Neg Am 6.00% - Minimum pmt 1510/mo + 1800/mo impound acct (see below) – Principal climbing quickly! 2^nd Popular Mortgage – 110,000 HELOC around 6.00% pmt 650/mo Next let's look at the home. 1. What state is the home located in? 2. Was the home purchased for occupancy as your primary residence? 3. Were the two loans identified below created at the time your purchased the condo? 1^st - ING 1,020,000 5.50% 5/1 Arm IO = 4675/mo 2^nd - Chase 250,000 7.00% 30 yr fixed = 1754/mo I don't normally follow this forum so if I don't respond in twenty-four (24) hours after you answer the questions, give me a nudge on the "walk away" forum. Daniel