Loan Modification Forum - LoanSafe.org - View Single Post

caldwellb02 · 04-15-2009, 10:37 AM

Been working on a modification since 1/5/09. I was just told today that I do not qualify under the Obama plan because the bank that holds my loan, Deutsche Bank, requires that I be in foreclosure for 60 days before I can qualify. Has anyone out there had this experience? How can the Deutsche Bank hold me hostage like this? I'm so fed up I'm about to just stop payments - I've never been late to this point. Need some help.

04-15-2009, 10:37 AM	#12 (permalink)
caldwellb02 Senior Member Join Date: Nov 2008 Location: Northern CA Posts: 1,830 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Chase/Wamu and Deutsche Bank Been working on a modification since 1/5/09. I was just told today that I do not qualify under the Obama plan because the bank that holds my loan, Deutsche Bank, requires that I be in foreclosure for 60 days before I can qualify. Has anyone out there had this experience? How can the Deutsche Bank hold me hostage like this? I'm so fed up I'm about to just stop payments - I've never been late to this point. Need some help.