Loan Modification Forum - LoanSafe.org - View Single Post - PLEASE HELP! AHMSI w/2nd with Assets Rec. Systems, desperate to get modification

karenlehman · 01-11-2009, 09:29 AM

Hi, new to this site and thanks for all the info!!!!!!! We are in a similar situtatuion and have an ARM with AHMSI. We tried to go through Lend America to get the H4H program and AHMSI said they would not work with that program. I have submitted all the documents andthey told me that our loan has been sent to someone in Loan Mods. I have also called the numbers (left messages) for Jeanne Drake and Jim Davis, I tried to fax them the info but there was no answer. I will try them again on Monday. Our Modification person name that I was given was Richard Johnson, anyone ever heard of him?
We are desperate to keep our home, we live in Michigan and the values have dropped dramatically, there is nothing selling so I am praying that AHMSI will work with us. Any input or help from all of you will be wonderful.
We also have a second mortgage that was originally with Option One, was sold to GMAC then sold to some other company and now is with a company in Miami called Assets Recovery Systems, anyone know of them and what to do about the second? It is at a 10.75% rate and I have written and faxed them all our info.
I also wanted to ad that our income/expense in no way shows a surplus, at leas not with our total mortgage payments being almost $2000. Our payment to AHMSI is $1500 and the 2nd is $490, my husband is lucky to bring home $3000 a week and so out of that we have to pay for gas, food, phone, utilities, and a family of four that is not cheap. We do NOT eat out at all or spend on anything extra, pinch every penny until it sceams. My husband was laid off several years ago from a job that paid $70,000 a year and now is in a job that pays around $42,000 so we struggled each month to just make the house payments. We are 3 months behind with AHMSI and they refuse to take partial payment, we are 2 months behind with the 2 mortgage. We are desperate for a modification taht will allow us to keep our home, I read on one of the post that someone had a rate of 3%! Now that is what we need!! Any helpful advice would be great.
Also do we HAVE to show a surplus? I also used the net income not gross when doing the financial worksheets.
Please help!!!!! Thanks Karen

01-11-2009, 09:29 AM	#1 (permalink)
karenlehman Member Join Date: Jan 2009 Posts: 20 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	PLEASE HELP! AHMSI w/2nd with Assets Rec. Systems, desperate to get modification Hi, new to this site and thanks for all the info!!!!!!! We are in a similar situtatuion and have an ARM with AHMSI. We tried to go through Lend America to get the H4H program and AHMSI said they would not work with that program. I have submitted all the documents andthey told me that our loan has been sent to someone in Loan Mods. I have also called the numbers (left messages) for Jeanne Drake and Jim Davis, I tried to fax them the info but there was no answer. I will try them again on Monday. Our Modification person name that I was given was Richard Johnson, anyone ever heard of him? We are desperate to keep our home, we live in Michigan and the values have dropped dramatically, there is nothing selling so I am praying that AHMSI will work with us. Any input or help from all of you will be wonderful. We also have a second mortgage that was originally with Option One, was sold to GMAC then sold to some other company and now is with a company in Miami called Assets Recovery Systems, anyone know of them and what to do about the second? It is at a 10.75% rate and I have written and faxed them all our info. I also wanted to ad that our income/expense in no way shows a surplus, at leas not with our total mortgage payments being almost $2000. Our payment to AHMSI is $1500 and the 2nd is $490, my husband is lucky to bring home $3000 a week and so out of that we have to pay for gas, food, phone, utilities, and a family of four that is not cheap. We do NOT eat out at all or spend on anything extra, pinch every penny until it sceams. My husband was laid off several years ago from a job that paid $70,000 a year and now is in a job that pays around $42,000 so we struggled each month to just make the house payments. We are 3 months behind with AHMSI and they refuse to take partial payment, we are 2 months behind with the 2 mortgage. We are desperate for a modification taht will allow us to keep our home, I read on one of the post that someone had a rate of 3%! Now that is what we need!! Any helpful advice would be great. Also do we HAVE to show a surplus? I also used the net income not gross when doing the financial worksheets. Please help!!!!! Thanks Karen