| Re: Now that i have the loan mod I don't like the
OK, sorry for not giving all the info, I thought I could cut to the chase..Was behind 3 or 4months, got a work out plan did not have the money by the due date, called back and got another person who gave me another foreclosure forberance agreement but I never rcvd. it in the mail, I made the 3payments starting 11/07, 12/07 and 01/08. So the monies i paid were put towards the arrearages, ok, so they tacked on oct-jan pymts at 2384.15 per month and 984.44 legal fees(in foreclosure), 376.55 for my contribution to the modification and 14,304.90 calling it Interest(plus del Prin if structured finance mod) total capatalized amt is 14,912.79 at 8.250% raising my unpaid princp bal to 361,697.79 which increased my payments to 2750.80 over 342 months.. It is simply to high, the 2384.00 I can make but would even like that dropped. Now don't get me wrong, I am glad they locked my arm because I really cannot afford that, but I need this deal to work for me now with my present income. Thanks |