Loan Modification Forum - LoanSafe.org - View Single Post

Moe Bedard · 12-01-2008, 03:49 PM

Hi gl227,

Welcome to the forum and thank you for joining...............

The modifications given are up to the investor on the loan........your rates are extremely low and being fixed so you would need to ask CW what the options from the investor on your loan are................because of different investors on these loans, the outcome on your loan could differ from another members outcome.

Hope for Homeowners would not be an option for you unless the two additional liens you have on the property would be willing to release their interest in the property and extinguish the loans completely...........as you can only have one lien on the property..........and the property would need to be your principle residence and owner occupied and have no other interest in any other real estate.

Try calling CW again and ask them what options you have on your type of loan from the investor.........
Countrywide Home Retention
1-800-669-6650

12-01-2008, 03:49 PM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: How to modify the 30 yr fixed? Hi gl227, Welcome to the forum and thank you for joining............... The modifications given are up to the investor on the loan........your rates are extremely low and being fixed so you would need to ask CW what the options from the investor on your loan are................because of different investors on these loans, the outcome on your loan could differ from another members outcome. Hope for Homeowners would not be an option for you unless the two additional liens you have on the property would be willing to release their interest in the property and extinguish the loans completely...........as you can only have one lien on the property..........and the property would need to be your principle residence and owner occupied and have no other interest in any other real estate. Try calling CW again and ask them what options you have on your type of loan from the investor......... Countrywide Home Retention 1-800-669-6650 __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.