Is it true? - Loan Modification Forum

mayela · 07-29-2009, 02:12 PM

I submitted all required documentation to Countrywide for the makinghomeaffordable program. They told me I dont qualify beacause my loan is over 105 LTV. I live in California and it is rare for anyone to be under 105%ltv. doesnt that disqualify the magority of americans? Most loans were 80-20
Someon please tell me if that true?

Thank You

ugh_2009 · 07-29-2009, 03:04 PM

This is true for the refinance program but not the modification program.

AzGryffindor · 07-29-2009, 04:09 PM

If you are seeking a refinance under HARP they raised the limit to 125% recently. Making Home Affordable - Obama Administration to Launch National Outreach Campaign in Support of Making Home Affordable Program

Ugh_2009 is correct that there is no limit if you are seeking a modification.

mayela · 07-30-2009, 12:59 PM

It was for modification, they told me I couldnt be over 105% LTV.
I knew that didnt make sense because everyone is over 105% ltv

AzGryffindor · 07-30-2009, 07:26 PM

Why oh why does B of A do this to everyone? If you contact them in regards to HAMP they transfer you to their refinance dept! They did this to me several times in one day. I was lucky enough to find a CSR who was able to track all of my calls and he confirmed that every time I had called they had transferred me to the refinance dept.

You need to call and ask for the Home Retention Department. Tell them that the ONLY program you are interested in is the Making Home Affordable loan Modification program. Keep calling until you get someone who knows what you are asking for. They should provide you with a fax number and a list of documentation to send in.

You should also contact Hope and/or NACA. The more people you contact the better. I even went as far as to file a formal complaint with Fannie Mae against B of A. It wasn't long after that I received my mod package.

Do you know who your lender is?

minknmelissa · 07-30-2009, 08:03 PM

Has anyone been getting viruses sent to them on there computer more recently I keep getting viruses and now my computer is locking me out of this site I had to lower my security in order to get on All the spyware that was infected came from this site I wouldn't be surprise if they were jacking up the sight

ama125 · 07-30-2009, 08:03 PM

It's even more fun when you are behind in payments...they just keep transferring you to debt collections every time you call. I think this is all part of some hazing ritual that each new caller must be subjected to before being offered anything tangible. First, you have to talk to the reps in a foreign call center, then once you've broken through that barrier, you get the reps in the US call center but never the department you actually wish to speak with. They must have a flowchart somewhere with all of this on it to try and confuse and aggravate enough callers in hopes they will stop calling and just give up!

ama125 · 07-30-2009, 08:06 PM

Quote:

Originally Posted by minknmelissa

Has anyone been getting viruses sent to them on there computer more recently I keep getting viruses and now my computer is locking me out of this site I had to lower my security in order to get on All the spyware that was infected came from this site I wouldn't be surprise if they were jacking up the sight

I had some internal server error related to this website come up but nothing on my PC about viruses. I bet it's BofA trying to crash the system so we'll all stop sharing our stories and tips

Mandy · 07-30-2009, 08:10 PM

Yes, something is happening with this site. I have noticed that it is taking more time to log in. Also it is way slower on my Apple than a regular PC............ Hmmmmmmmm. I wonder who is out there?????

minknmelissa · 07-30-2009, 08:39 PM

It really sounds sick and crazy but from the circus they have going I really wouldn't be surprised. Hopefully there are some good apples working there!!!!!!!

CW California · 07-30-2009, 08:49 PM

Earlier today there were over 900 people trying to log in to this thread. I'm not sure Loansafe's server can handle that. Moe, what do you think???

SillyWorld · 07-30-2009, 08:51 PM

Had many server errors here at my end tonight, and last night, and slow as a snail

Rumor · 07-30-2009, 08:58 PM

Mine is also incredibly slow. I just figured there were so many people trying to get on this site at once. When I started getting on here in February, there didn't seem to be this problem but I think there are more and more people out there needing help and finding it on this site.

CW California · 07-30-2009, 09:17 PM

hey rumorlong time no talk. how's it going?

07-29-2009, 02:12 PM	#1 (permalink)
mayela Senior Member Join Date: May 2008 Posts: 40 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Is it true? I submitted all required documentation to Countrywide for the makinghomeaffordable program. They told me I dont qualify beacause my loan is over 105 LTV. I live in California and it is rare for anyone to be under 105%ltv. doesnt that disqualify the magority of americans? Most loans were 80-20 Someon please tell me if that true? Thank You

07-29-2009, 03:04 PM	#2 (permalink)
ugh_2009 Senior Member Join Date: Jun 2009 Posts: 126 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? This is true for the refinance program but not the modification program. __________________ .

07-29-2009, 04:09 PM	#3 (permalink)
AzGryffindor Senior Member Join Date: Jun 2009 Posts: 231 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? If you are seeking a refinance under HARP they raised the limit to 125% recently. Making Home Affordable - Obama Administration to Launch National Outreach Campaign in Support of Making Home Affordable Program Ugh_2009 is correct that there is no limit if you are seeking a modification.

07-30-2009, 12:59 PM	#4 (permalink)
mayela Senior Member Join Date: May 2008 Posts: 40 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? It was for modification, they told me I couldnt be over 105% LTV. I knew that didnt make sense because everyone is over 105% ltv

07-30-2009, 07:26 PM	#5 (permalink)
AzGryffindor Senior Member Join Date: Jun 2009 Posts: 231 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? Why oh why does B of A do this to everyone? If you contact them in regards to HAMP they transfer you to their refinance dept! They did this to me several times in one day. I was lucky enough to find a CSR who was able to track all of my calls and he confirmed that every time I had called they had transferred me to the refinance dept. You need to call and ask for the Home Retention Department. Tell them that the ONLY program you are interested in is the Making Home Affordable loan Modification program. Keep calling until you get someone who knows what you are asking for. They should provide you with a fax number and a list of documentation to send in. You should also contact Hope and/or NACA. The more people you contact the better. I even went as far as to file a formal complaint with Fannie Mae against B of A. It wasn't long after that I received my mod package. Do you know who your lender is?

07-30-2009, 08:03 PM	#6 (permalink)
minknmelissa Senior Member Join Date: Jul 2009 Posts: 277 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? Has anyone been getting viruses sent to them on there computer more recently I keep getting viruses and now my computer is locking me out of this site I had to lower my security in order to get on All the spyware that was infected came from this site I wouldn't be surprise if they were jacking up the sight

07-30-2009, 08:03 PM	#7 (permalink)
ama125 Senior Member Join Date: Jun 2009 Location: Reading, PA Posts: 1,503 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? It's even more fun when you are behind in payments...they just keep transferring you to debt collections every time you call. I think this is all part of some hazing ritual that each new caller must be subjected to before being offered anything tangible. First, you have to talk to the reps in a foreign call center, then once you've broken through that barrier, you get the reps in the US call center but never the department you actually wish to speak with. They must have a flowchart somewhere with all of this on it to try and confuse and aggravate enough callers in hopes they will stop calling and just give up!

07-30-2009, 08:10 PM	#9 (permalink)
Mandy Senior Member Join Date: Jul 2009 Posts: 184 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? Yes, something is happening with this site. I have noticed that it is taking more time to log in. Also it is way slower on my Apple than a regular PC............ Hmmmmmmmm. I wonder who is out there?????

07-30-2009, 08:39 PM	#10 (permalink)
minknmelissa Senior Member Join Date: Jul 2009 Posts: 277 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? It really sounds sick and crazy but from the circus they have going I really wouldn't be surprised. Hopefully there are some good apples working there!!!!!!!

07-30-2009, 08:49 PM	#11 (permalink)
CW California Senior Member Join Date: Feb 2009 Location: SoCal Posts: 1,127 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? Earlier today there were over 900 people trying to log in to this thread. I'm not sure Loansafe's server can handle that. Moe, what do you think???

07-30-2009, 08:51 PM	#12 (permalink)
SillyWorld Senior Member Join Date: Apr 2009 Location: Central Pennsylvania Posts: 1,140 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? Had many server errors here at my end tonight, and last night, and slow as a snail __________________ Central PA, USA Waiting NACA Approval With Citi ON FHA MORTGAGE 05/18/2009 Ginnie Mae investor Is NACA Becomming a SCAM..?

07-30-2009, 08:58 PM	#13 (permalink)
Rumor Senior Member Join Date: Feb 2009 Posts: 442 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? Mine is also incredibly slow. I just figured there were so many people trying to get on this site at once. When I started getting on here in February, there didn't seem to be this problem but I think there are more and more people out there needing help and finding it on this site.

07-30-2009, 09:17 PM	#14 (permalink)
CW California Senior Member Join Date: Feb 2009 Location: SoCal Posts: 1,127 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Is it true? hey rumorlong time no talk. how's it going?

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