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taffy1 · 01-13-2009, 06:50 PM

hello everyone, here is an update. Not very pretty and looks like a long drawn out battle. First of all when you are in Chapter 13 everything is different. Those of you that are in BKO you understand what I am saying. We have been served AGAIN with papers threatening Foreclosure if we don't sign on the dotted line. Our LM is terrible, interest 8.22 and payment actually went up. This is a Adjustable for 40 years. My attorney could not believe after I have more than proved need for lower payment. We would have a new loan and give up this current loan that will have one more adjustable before converting to a conventional. Strange as it sounds, I have loan docs that we signed stating this. Now AHSMI does not recognize this schedule, but how can they legally change what we signed. Very fishey!!!
I have faxed to the negotiater copies of said docs. I have also written a letter to Jeanne Drake. Tomorrow I will follw up with Jeanne's office.
Meantime, I am sending 2 payments per my attorney recommendation. He will speak to the court about the shenanigins of AHMSI and we'll go from there. He wants me to continue to fight for a better LM. I don't sleep at night and my health is deteriating due to this stress. Here's the kicker, I am a bill collector during the day. I can tell you, I help everyone I can !!!!Those I can't, I pray for.

01-13-2009, 06:50 PM	#6 (permalink)
taffy1 Junior Member Join Date: Jan 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Loan Modification with Bankruptcy hello everyone, here is an update. Not very pretty and looks like a long drawn out battle. First of all when you are in Chapter 13 everything is different. Those of you that are in BKO you understand what I am saying. We have been served AGAIN with papers threatening Foreclosure if we don't sign on the dotted line. Our LM is terrible, interest 8.22 and payment actually went up. This is a Adjustable for 40 years. My attorney could not believe after I have more than proved need for lower payment. We would have a new loan and give up this current loan that will have one more adjustable before converting to a conventional. Strange as it sounds, I have loan docs that we signed stating this. Now AHSMI does not recognize this schedule, but how can they legally change what we signed. Very fishey!!! I have faxed to the negotiater copies of said docs. I have also written a letter to Jeanne Drake. Tomorrow I will follw up with Jeanne's office. Meantime, I am sending 2 payments per my attorney recommendation. He will speak to the court about the shenanigins of AHMSI and we'll go from there. He wants me to continue to fight for a better LM. I don't sleep at night and my health is deteriating due to this stress. Here's the kicker, I am a bill collector during the day. I can tell you, I help everyone I can !!!!Those I can't, I pray for.