Loan Modification Forum - LoanSafe.org - View Single Post - My monthly deficit too high to get a mod?

ZAP09 · 05-28-2009, 05:51 AM

Jennifer123-
I was told to send certified funds for our first forbearance agreement payment and after that use a different method. I have only made a first payment, so I will have to keep you posted on if there will be a modification at the end. However, I did receive a funky call last night from a mortgage dept. rep., he asked me to go over/update my numbers/expenses with him. It was shocking (although I am a lot less shocked now adays than in the beginning) to hear that 3/4 of the info. they had in their computer was incorrect. The numbers were off by hundreds of dollars, in one case 400 dollars. We corrected them and I asked where did they get those other dollar amounts as those were not even close to what I provided, he simply stated "they sometimes get entered incorrectly". They didn't even have my second mortgage on the form. what I am referring to is the form they have you fill out regarding your expenses to apply for a modification. No wonder my application was denied and I was offered a forebearance. I will keep you posted.

05-28-2009, 05:51 AM	#7 (permalink)
ZAP09 Senior Member Join Date: May 2009 Posts: 30 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: My monthly deficit too high to get a mod? Jennifer123- I was told to send certified funds for our first forbearance agreement payment and after that use a different method. I have only made a first payment, so I will have to keep you posted on if there will be a modification at the end. However, I did receive a funky call last night from a mortgage dept. rep., he asked me to go over/update my numbers/expenses with him. It was shocking (although I am a lot less shocked now adays than in the beginning) to hear that 3/4 of the info. they had in their computer was incorrect. The numbers were off by hundreds of dollars, in one case 400 dollars. We corrected them and I asked where did they get those other dollar amounts as those were not even close to what I provided, he simply stated "they sometimes get entered incorrectly". They didn't even have my second mortgage on the form. what I am referring to is the form they have you fill out regarding your expenses to apply for a modification. No wonder my application was denied and I was offered a forebearance. I will keep you posted.