Help for Las Vegas

[pwrought]

Hi,

I found today that Dina Titus is helping homeowners to call the lenders and ask for loan modification. You need to contact her office and she will help you.
I am so confused because I am trying to settle my second mortgage with citibank, but countrywide do not help with the first. I was told that I may qualify for the home affordable plan. My house is $160,000 underwater.
Can somebody give me some suggestions.

I have a 80/20 type of loan with a 5 years arm ending in december.
Countrywide is the primary and may offer a loan modification through making home affordable. I just don't know what they will do.
Citibank is the second and is trying to get me a settlement. I will give $2000 and settle $25,000.
I own $225,000 and my home is selling for $84,000.

Any suggestion???

[pwrought]

Another thing

I love the home, but I don't like the neighbors. I don't plan do stay here for the rest of my life. I want to move eventually to a nicer home single story.
Need help or suggestions to decide the future of my home.
Thanks

[Johnnyutah]

I'm in the same boat of Vegas and the same boat of an 80/20 loan. I'm very scared to walk away but it seems the only logical solution being so upside down in my property.

I'm pretty sure I'm about equally upside down dollar wise in my place as you are in yours. Have you considered letting it go and dealing with the consequences of the deficiencies and lawsuits that will follow?

I'm really struggling emotionally and morally about making the decision to stop paying and face the consequences and most likely eventual bankruptcy.

[Johnnyutah]

I forgot to ask you for the phone number of Dina Titus. Can you post that for the rest of us Vegas people? Keep us informed as to what you hear from her office.

My other questions to you is the one I keep asking myself. Even if you get a mod and save $400 or $500 a month and get a fixed rate 30yr mortgage is it still worth keeping a property that will most likely never recover it's purchase price in value?

[Melanie702]

Originally Posted by Johnnyutah

I forgot to ask you for the phone number of Dina Titus. Can you post that for the rest of us Vegas people? Keep us informed as to what you hear from her office.

My other questions to you is the one I keep asking myself. Even if you get a mod and save $400 or $500 a month and get a fixed rate 30yr mortgage is it still worth keeping a property that will most likely never recover it's purchase price in value?

Hi guys, I'm in the same boat here, in lovely Vegas. Our property is worth about $120-$160 and we owe $218,000. Ain't that a b****!!! We are seriously considering walking away or doing a short sale. It's really not worth keeping this place to us. Would like to have Dina's number as well.

[pwrought]

(702) 387-4941 ( Dina Titus)

You need to make sure that she is the congresswoman responsible to your district. I also called Senator Harry Reid, but don't let them transfer you to the consumer help. Just complaint and complaint. We all need to say that if we don't get principal reduction in our mortgage , we will walk away from the property. Ask for your bail out money. Tell them that your mortgage company got insurance in your loan and they don't want to help you and foreclose your home to double their profits. Ask them if they can send you a release form by mail to authorize them to call countrywide in your behalf.
They need to know that the making home affordable plan isn't helping the hardworking people from Las Vegas. We need principal reduction or we walk away.

Homeowner Assistance

Contact Us

Let them know that you can vote and if they don't do anything for you , you will tell everybody in your church, job, social places, friends, etc. Fight the banks!

Banks are stealing our homes.

[pwrought]

I know that a republican party will happen on the 21st of july on the Arizona Charlies Casino ( Decator/Charleston) on the second floor. I am going there to protest about banks with mortgage insurance not helping homeowners, foreclosing primary residency homeowner, flipping the home between banks then selling it for a fraction of a price to an investor who will put renters in the home. Why not keep the original homeowner? Why not making a loan modification that is fair? Why should I stay in a home that is underpriced? You guys need to call too... We need to get together and protest..

[pwrought]

My attorney told me that if I walk away a 80/20 loan I will have pro blems with the second unsecured loan because they won't make any money when the first auction the home. I believe that they sell your account to collection companies that will go after you after. The best suggestion is to try to settle with them for $.20 on the dollar, but you need to be late on them. If you are having problem to make your payments the best thing to do is stop to pay your second because they usually won't file foreclose. It all depends on the amount of your second and how much equity you have in your home. Contact an attoney with a free consutation and ask. I know that the second do the same to your short sale.

[pwrought]

We need to have a bill ( like California ) that stop lenders to go after homeowners after they foreclose.

[Melanie702]

Originally Posted by pwrought

(702) 387-4941 ( Dina Titus)

You need to make sure that she is the congresswoman responsible to your district. I also called Senator Harry Reid, but don't let them transfer you to the consumer help. Just complaint and complaint. We all need to say that if we don't get principal reduction in our mortgage , we will walk away from the property. Ask for your bail out money. Tell them that your mortgage company got insurance in your loan and they don't want to help you and foreclose your home to double their profits. Ask them if they can send you a release form by mail to authorize them to call countrywide in your behalf.
They need to know that the making home affordable plan isn't helping the hardworking people from Las Vegas. We need principal reduction or we walk away.

Homeowner Assistance

Contact Us

Let them know that you can vote and if they don't do anything for you , you will tell everybody in your church, job, social places, friends, etc. Fight the banks!

Banks are stealing our homes.

Oh my goodness! Thank you thank you! I never even realized that they get paid from the insurance. WOW, what crooks. My husband had to explain to me what you typed (I'm a little goofy) and how the banks work. I am definitely going to call on Monday morning. I am also going to look into that meeting that you said that is going on at the end of the month. Do you think you can email me or I can have your email address? I don't know if we can send private messages on here.

Thank you again.

[Melanie702]

Hello fellow Las Vegans.....here is a link that was printed in the Las Vegas Review Journal for homeowners in Vegas not getting help by our lenders for the HAMP.
https://forms.house.gov/titus/forecl...per-form.shtml

Let Dina Titus know your situation.