FHA loan mod success? - Loan Modification Forum

Fairlady · 08-05-2009, 01:43 PM

Just wondering if anyone who has a FHA loan has had any success with loan modification (through Naca or otherwise). I've seen success stories with other investors but have not noticed any with FHA loans. I'm starting to think the reason my mod is taking so long is because it's an FHA and I'm hoping I'm not wasting my time keeping my hopes up if I will eventually get denied because of my loan type. Thank goodness MHA will start accepting FHAs soon.

Evan Bedard · 08-05-2009, 02:29 PM

Hi fairlady,

Yes hopefully we will see a lot more FHA loans approved through the MHA program coming soon.

Good luck and keep us posted.

Fairlady · 08-05-2009, 08:19 PM

Thanks for responding Evan. Makes me wonder if I have been wasting my time waiting through Naca if no one has had success in this area. Plus I'd hate to waste my time going to Naca's tour if they are going to reject me because of a fha. I suppose time will tell. I'm just glad that soon I will have the MHA available as an option soon though I hate the thought of starting the process all over again. It's been over 90 days as is.

SillyWorld · 08-05-2009, 08:30 PM

Rerad around, all the Banker Servicers as of AUG 15 will have to comply with the Obamba MODS....Woooo Hooo Weeeeeeeeeee

08-05-2009, 01:43 PM	#1 (permalink)
Fairlady Senior Member Join Date: Mar 2009 Posts: 69 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	FHA loan mod success? Just wondering if anyone who has a FHA loan has had any success with loan modification (through Naca or otherwise). I've seen success stories with other investors but have not noticed any with FHA loans. I'm starting to think the reason my mod is taking so long is because it's an FHA and I'm hoping I'm not wasting my time keeping my hopes up if I will eventually get denied because of my loan type. Thank goodness MHA will start accepting FHAs soon.

08-05-2009, 02:29 PM	#2 (permalink)
Evan Bedard LoanSafe.org Homeowner Guide Join Date: Aug 2007 Location: Southern California Posts: 2,168 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: FHA loan mod success? Hi fairlady, Yes hopefully we will see a lot more FHA loans approved through the MHA program coming soon. Good luck and keep us posted. __________________ Keep Fighting! Evan Bedard LoanSafe.org Support Team Please donate via paypal to LoanSafe.org to help keep this forum going The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

08-05-2009, 08:19 PM	#3 (permalink)
Fairlady Senior Member Join Date: Mar 2009 Posts: 69 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: FHA loan mod success? Thanks for responding Evan. Makes me wonder if I have been wasting my time waiting through Naca if no one has had success in this area. Plus I'd hate to waste my time going to Naca's tour if they are going to reject me because of a fha. I suppose time will tell. I'm just glad that soon I will have the MHA available as an option soon though I hate the thought of starting the process all over again. It's been over 90 days as is.

08-05-2009, 08:30 PM	#4 (permalink)
SillyWorld Senior Member Join Date: Apr 2009 Location: Central Pennsylvania Posts: 1,139 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: FHA loan mod success? Rerad around, all the Banker Servicers as of AUG 15 will have to comply with the Obamba MODS....Woooo Hooo Weeeeeeeeeee __________________ Central PA, USA Waiting NACA Approval With Citi ON FHA MORTGAGE 05/18/2009 Ginnie Mae investor Is NACA Becomming a SCAM..?

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