| | | | Countrywide Home Loans - Tell Us Your Countrywide Story Due to the OVERWHELMING amount of Countrywide Home Loan stories, issues and problems, we at Loan Safe thought it would be best to have an entire forum dedicated to tracking what Countrywide is doing to HELP struggling homeowners and how they are treating their customers. Good or bad, let your voice be heard and your story be known. |  | Re: Will Lender Add PMI, Tax etc. to Mod Pymt? |  | 
02-25-2008, 04:01 PM
| | Banned | | Join Date: Jan 2008 Location: Colorado Springs, Colorado - Arizona, Oregon, New Mexico or California - Running from my past
Posts: 3,332
| | | Re: Will Lender Add PMI, Tax etc. to Mod Pymt? There are no other options, you have got them in a nutshell, you either pay the taxes and impounds with the payment or......they can and will call the loan. |  | Re: Will Lender Add PMI, Tax etc. to Mod Pymt? |  | 
02-25-2008, 07:29 PM
| | Senior Member | | Join Date: Jan 2008 Location: Frederick, MD
Posts: 226
| | | Re: Will Lender Add PMI, Tax etc. to Mod Pymt? Cbriones, please do not get me wrong...I certainly want things to work out for you...and I can tell you that others on this forum want it to work out also. It is just sometimes we have to post things that you may not want to hear, and this may be one of those times...I am sorry, and hope that the loan terms are able to work out for you, I really do. |  | loan to adjust in august |  | 
04-10-2008, 06:20 PM
| | Senior Member | | Join Date: Feb 2008
Posts: 65
| | | loan to adjust in august Hello my loan with ASC will adjust in August when can i start the mod process? |  | Re: loan to adjust in august |  | 
04-10-2008, 06:24 PM
|  | Administrator & Chase Success | | Join Date: Oct 2007 Location: Colorado
Posts: 8,253
| | | Re: loan to adjust in august You were already in the modification process and the lender was going to add your back taxes to it and you said you couldn't pay that..............so what happened to the mod?
__________________ >Cat< Email: Cat@loansafe.org The LoanSafe Advocacy Group™
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. You should contact your attorney to obtain advice with respect to any particular issue or problem. |  | Re: loan to adjust in august |  | 
04-10-2008, 06:30 PM
| | Senior Member | | Join Date: Feb 2008
Posts: 65
| | | Re: loan to adjust in august Oh you remembered me .... well actually this is the first month that i have paid the mtg with taxes added to it ASC told me to bad to sad they added 450.00 more to my mtg so that was that now the loan will adjust in August .. The paper wk that i received with the loan stating how much mtg will go up to is that accurate ... |  | Re: loan to adjust in august |  | 
04-10-2008, 06:33 PM
|  | Administrator & Chase Success | | Join Date: Oct 2007 Location: Colorado
Posts: 8,253
| | | Re: loan to adjust in august Yes we already explained that to you..........
You can look back at the posts above to reference the response......
__________________ >Cat< Email: Cat@loansafe.org The LoanSafe Advocacy Group™
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. You should contact your attorney to obtain advice with respect to any particular issue or problem. |  | Re: loan to adjust in august |  | 
04-10-2008, 06:36 PM
| | Senior Member | | Join Date: Feb 2008
Posts: 65
| | | Re: loan to adjust in august I Wasent In The Mod Process They Added My Taxes To My Mtg But I Wasent Doing Mod Yet ..i Had Missed 3 Tax Payments.. |  | Re: loan to adjust in august |  | 
04-10-2008, 06:40 PM
|  | Administrator & Chase Success | | Join Date: Oct 2007 Location: Colorado
Posts: 8,253
| | | Re: loan to adjust in august Yes this I know you were delinquent on your taxes and they spread them over 48 months and added them to your payment........
__________________ >Cat< Email: Cat@loansafe.org The LoanSafe Advocacy Group™
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. You should contact your attorney to obtain advice with respect to any particular issue or problem. |  | Re: loan to adjust in august |  | 
04-10-2008, 06:48 PM
|  | Administrator & Chase Success | | Join Date: Oct 2007 Location: Colorado
Posts: 8,253
| | | Re: loan to adjust in august This is your post from Feb. 6th...........
My rate will adjust in August its going up 800.00 and im subprime so i cant refi . I dont even know if there going to help me then, anyways when i called ASC they said that they were doing the analyst and they would be sending me the new mtg payment amount from there then i could call a counselor to see what and how they can help me so hopefully they can spread the 6200.00 enough so that i can afford the payment..
Then ASC gave you the payment stream that they were willing to workout with you..........it sounds like that is the best they are willing to do........
Have you called the couselor that helped you initially two months ago?
I would call that contact back and see if a modification is possible for you.........
They might want to see you make the payments with the back taxes first........
__________________ >Cat< Email: Cat@loansafe.org The LoanSafe Advocacy Group™
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. You should contact your attorney to obtain advice with respect to any particular issue or problem. |  | Re: ASC Modification Denied |  | 
04-16-2008, 12:36 AM
| | Senior Member | | Join Date: Feb 2008
Posts: 65
| | | Re: ASC Modification Denied Is It True That When We Do Mod They Automatically Subtract 20% From Your Monthy Income For Any Kind Of Emergencies Then Whatever Is Left They Subtract All Your Exspenses, Bills Etc. |  | Mod INFO PLS |  | 
05-12-2008, 06:42 PM
| | Senior Member | | Join Date: Feb 2008
Posts: 65
| | | Mod INFO PLS I Was Told That When Doing A Loan Mod That The Mtg Company Automatically Sets Aside 20% From Your Entire Income For Any Emergency Of Medical Bills Then From Whats Left They Deduct All Bills, Mtg Payment, Etc Is Thsi Right...  |  | Loan Mod |  | 
05-27-2008, 04:59 PM
| | Senior Member | | Join Date: Feb 2008
Posts: 65
| | | Loan Mod I Am Getting Ready To Send My Financials For My Loan Mod ...is It Correct That The Mtg Company Automatically Subtracts 20% For Your Net Income ? |  | Re: Mod INFO PLS |  | 
05-27-2008, 05:09 PM
|  | Administrator & Chase Success | | Join Date: Oct 2007 Location: Colorado
Posts: 8,253
| | | Re: Mod INFO PLS What they go off of is the Gross Income not the Net Income...........
When you do the household income versus the household expenses including current mortgage payment and taxes.........you need to show a surplus of around $100-$250 at the end of the month...............
this is what they look for........
__________________ >Cat< Email: Cat@loansafe.org The LoanSafe Advocacy Group™
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. You should contact your attorney to obtain advice with respect to any particular issue or problem. |  | Re: Mod INFO PLS |  | 
05-27-2008, 05:28 PM
| | Senior Member | | Join Date: Feb 2008
Posts: 65
| | | Re: Mod INFO PLS Do i send a hardship letter with the financial application ? |  | Re: Mod INFO PLS |  | 
05-27-2008, 05:50 PM
| | New Member Guide & Litton Success | | Join Date: Jan 2008 Location: New Jersey
Posts: 1,086
| | | Re: Mod INFO PLS Oh yes, that is an essential piece of the puzzle, along with your financials, paystubs, taxes. etc. |  | Modification |  | 
05-30-2008, 03:19 PM
| | Senior Member | | Join Date: Feb 2008
Posts: 65
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