Loan Modification Forum - LoanSafe.org - View Single Post - Is there still no one with a modification offer on the dec. 1???

serenevenice · 01-11-2009, 11:25 AM

alikeith, I just read your offer on another post. They already gave us 2 offers that were not the dec. 1st program. 1. 10 years i/o at 5.375 with option to pay i/o along with p/and i. 2. 5.0 fixed for 30 yrs. For both of these we have to pay 12,000 of missed payments and inlated lates and the 83,000 of negative am remains on the loan. This isn't doable. They are still reviewing us for the dec.1st program. Are you certain you have the dec. 1st program? According to the guidelines on the program for us on a option arm, they are supposed to write down our principle to 95% of CURRENT Value. We are 180,ooo upside down.

01-11-2009, 11:25 AM	#6 (permalink)
serenevenice Senior Member Join Date: Dec 2008 Posts: 78 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is there still no one with a modification offer on the dec. 1??? alikeith, I just read your offer on another post. They already gave us 2 offers that were not the dec. 1st program. 1. 10 years i/o at 5.375 with option to pay i/o along with p/and i. 2. 5.0 fixed for 30 yrs. For both of these we have to pay 12,000 of missed payments and inlated lates and the 83,000 of negative am remains on the loan. This isn't doable. They are still reviewing us for the dec.1st program. Are you certain you have the dec. 1st program? According to the guidelines on the program for us on a option arm, they are supposed to write down our principle to 95% of CURRENT Value. We are 180,ooo upside down.