To those awaiting per mod papers - Loan Modification Forum

fla borrower · 10-06-2009, 06:36 AM

Just a quick survey! Of those who were told recently that their perm mod papers were soon to arrive...who has actually rec'd them so far?

Thanks

SBBLUEWATER1 · 10-06-2009, 08:07 AM

Not yet and it has been about one month.

Buskerfellow · 10-06-2009, 09:07 AM

it's always "in review"

patrick0 · 10-06-2009, 09:58 AM

Approved 17SEP2009 (GMAC rep said).
Mailed on 22 SEP 2009 (GMAC rep said)

Have not received the received the package (FACTUAL information).

rachel_p · 10-06-2009, 10:09 AM

Promised papers no later than October 14th.

Received: nothing yet

MW87178 · 10-06-2009, 11:08 AM

told we were approved 9/23 and papers were in quality assurance
still awaiting package

rlhoneydew · 10-06-2009, 01:26 PM

Made 3rd Trial Payment in August, 4th in Sept, and will make another shortly for October (they extended my payments 2 months

).

Told my "new" payment would begin 11/1. Informed that I would receive my final docs "sometime" in October. Have not received as of today 10/6.

Whole process began in March 2009.

smit5454 · 10-06-2009, 03:11 PM

On 5th payment now after completing trial mod. Been told for about 5 -6 weeks I should "have them in a week or so", and to call back if I don't get them. Wen I call, I get the "Oh, sorry, they are real backed up, call in a couple weeks"

Utter BS

fla borrower · 10-06-2009, 06:18 PM

That's what I thought. They are prolonging this process unnecessarily.

I don't trust this bank for a minute! I hope I am wrong ,but somethings up!

That aside...I wish all of you a speedy perm mod.

Thanks.

vinnyb · 10-06-2009, 06:24 PM

We were told we would recieve them end of August. Nothing yet

exclusive1000 · 10-06-2009, 10:44 PM

So do they just want you to keep paying your trial payments ?

It seems like they are stringing us out for 3,4 or 5 months just to get the
trial payments while they decide if you get a modification.

If you dont get a permenant one, what do they do with the trial payments ?

rachel_p · 10-07-2009, 07:43 AM

Quote:

Originally Posted by exclusive1000

So do they just want you to keep paying your trial payments ?

It seems like they are stringing us out for 3,4 or 5 months just to get the
trial payments while they decide if you get a modification.

If you dont get a permenant one, what do they do with the trial payments ?

In our case, they are telling us to not pay AT ALL. We thought it was great the first few months, but as the months went on to 4, 5, 6 and now 7 we started to panic and started saving those payments. It's a mess.

fla borrower · 10-07-2009, 08:17 AM

Exclusive is exactly right. Chase is stringing us along for a few months, just to see if the market picks up or decide if a foreclosure makes better financial sense. Sneaky if you ask me!

darlyj · 10-07-2009, 10:31 AM

Submitted final paperwork requested to NACA 10/5 after DH spent 10/3 at the Save the Dream event in Phoenix. BTW, he got further there than most people do in a year outside of it, so it may be worthwhile to think about attending one of these if it is close. We were told to expect to "hear" something within 7-10 days. Still looking at rentals in the area as I am not completely convinced that a FedEx person will be at my door anytime soon.

maryland7 · 10-07-2009, 11:56 AM

We are waiting for our permanent mod papers...supposedly Chase is outsourcing the paperwork...we should expect them within the next two weeks. I'm a little skeptical except they did tell us to not make a payment this month as this would mess up the final numbers. They said that any payment over the 3 would be applied directly to principal. We called twice and were given the same information that we were definately approved for a final modification.

rachel_p · 10-07-2009, 12:09 PM

Quote:

Originally Posted by maryland7

We are waiting for our permanent mod papers...supposedly Chase is outsourcing the paperwork...we should expect them within the next two weeks. I'm a little skeptical except they did tell us to not make a payment this month as this would mess up the final numbers. They said that any payment over the 3 would be applied directly to principal. We called twice and were given the same information that we were definately approved for a final modification.

Did you guys do a trial mod?

We are waiting on paperwork too. Supposedly we've been approved for a permanent mod. Everything has been approved and we are just waiting on the packet to ship to us. (like dozens of others!)

maryland7 · 10-07-2009, 12:47 PM

yes...we did a mha trial period...we made 4 payments and were told not to send in the 5th (due 10/1) b/c our permanent payments would begin on 11/1.

10-06-2009, 06:36 AM	#1 (permalink)
fla borrower Senior Member Join Date: Sep 2009 Posts: 86 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	To those awaiting per mod papers Just a quick survey! Of those who were told recently that their perm mod papers were soon to arrive...who has actually rec'd them so far? Thanks

10-06-2009, 08:07 AM	#2 (permalink)
SBBLUEWATER1 Senior Member Join Date: Sep 2009 Posts: 62 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers Not yet and it has been about one month.

10-06-2009, 09:07 AM	#3 (permalink)
Buskerfellow Member Join Date: Feb 2009 Posts: 24 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers it's always "in review"

10-06-2009, 09:58 AM	#4 (permalink)
patrick0 Member Join Date: Oct 2009 Posts: 12 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers Approved 17SEP2009 (GMAC rep said). Mailed on 22 SEP 2009 (GMAC rep said) Have not received the received the package (FACTUAL information).

10-06-2009, 10:09 AM	#5 (permalink)
rachel_p Senior Member Join Date: Aug 2009 Posts: 277 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers Promised papers no later than October 14th. Received: nothing yet

10-06-2009, 11:08 AM	#6 (permalink)
MW87178 Member Join Date: Jan 2009 Posts: 28 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers told we were approved 9/23 and papers were in quality assurance still awaiting package

10-06-2009, 01:26 PM	#7 (permalink)
rlhoneydew Senior Member Join Date: Jun 2009 Posts: 56 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers Made 3rd Trial Payment in August, 4th in Sept, and will make another shortly for October (they extended my payments 2 months ). Told my "new" payment would begin 11/1. Informed that I would receive my final docs "sometime" in October. Have not received as of today 10/6. Whole process began in March 2009.

10-06-2009, 03:11 PM	#8 (permalink)
smit5454 Senior Member Join Date: Apr 2009 Posts: 183 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers On 5th payment now after completing trial mod. Been told for about 5 -6 weeks I should "have them in a week or so", and to call back if I don't get them. Wen I call, I get the "Oh, sorry, they are real backed up, call in a couple weeks" Utter BS

10-06-2009, 06:18 PM	#9 (permalink)
fla borrower Senior Member Join Date: Sep 2009 Posts: 86 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers That's what I thought. They are prolonging this process unnecessarily. I don't trust this bank for a minute! I hope I am wrong ,but somethings up! That aside...I wish all of you a speedy perm mod. Thanks.

10-06-2009, 06:24 PM	#10 (permalink)
vinnyb Member Join Date: Sep 2009 Posts: 6 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers We were told we would recieve them end of August. Nothing yet

10-06-2009, 10:44 PM	#11 (permalink)
exclusive1000 Member Join Date: Jan 2009 Posts: 11 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers So do they just want you to keep paying your trial payments ? It seems like they are stringing us out for 3,4 or 5 months just to get the trial payments while they decide if you get a modification. If you dont get a permenant one, what do they do with the trial payments ?

10-07-2009, 08:17 AM	#13 (permalink)
fla borrower Senior Member Join Date: Sep 2009 Posts: 86 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers Exclusive is exactly right. Chase is stringing us along for a few months, just to see if the market picks up or decide if a foreclosure makes better financial sense. Sneaky if you ask me!

10-07-2009, 10:31 AM	#14 (permalink)
darlyj Senior Member Join Date: Sep 2009 Posts: 153 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers Submitted final paperwork requested to NACA 10/5 after DH spent 10/3 at the Save the Dream event in Phoenix. BTW, he got further there than most people do in a year outside of it, so it may be worthwhile to think about attending one of these if it is close. We were told to expect to "hear" something within 7-10 days. Still looking at rentals in the area as I am not completely convinced that a FedEx person will be at my door anytime soon.

10-07-2009, 11:56 AM	#15 (permalink)
maryland7 Senior Member Join Date: Feb 2009 Posts: 47 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers We are waiting for our permanent mod papers...supposedly Chase is outsourcing the paperwork...we should expect them within the next two weeks. I'm a little skeptical except they did tell us to not make a payment this month as this would mess up the final numbers. They said that any payment over the 3 would be applied directly to principal. We called twice and were given the same information that we were definately approved for a final modification.

10-07-2009, 12:47 PM	#17 (permalink)
maryland7 Senior Member Join Date: Feb 2009 Posts: 47 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: To those awaiting per mod papers yes...we did a mha trial period...we made 4 payments and were told not to send in the 5th (due 10/1) b/c our permanent payments would begin on 11/1.

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