Expense sheet - Loan Modification Forum

Hernando · 12-10-2008, 11:59 AM

I am in the process of putting together a monthly expense sheet per request of Countrywide. I understand they like to see $100 to $250 left over at the end of the month. With an
income of $3,000 per month and a mortgage payment of $1650.00 and after entering other expenses, there is no way
we will have anything left and will be over the $3,000. Of course that is why we are seeking a loan modification.
If anyone can tell me how to do this expense sheet so it will be acceptable by Countrywide, I will be most appreciative of any help!

alikeith · 12-10-2008, 12:06 PM

What type of loan do you have? Do you qulaify under the Dec 1st program?

Hernando · 12-10-2008, 01:36 PM

Talked to Matt from the executive team and he said we do qualify for the Hope program. Our loan is 30 yr. fixed. 9.625%

Hernando · 12-10-2008, 01:39 PM

Forgot to say we are in Florida

Hernando · 12-12-2008, 01:23 PM

Anyone have any advice they can give me on the above topic? Appreciate any advice you may be able to give me.

Moe Bedard · 12-12-2008, 01:27 PM

Hernando,

The surplus is a guide only...........based on success stories form many servicers. You would need to go over the financials with either CW..........or you can call HOPE and they will be able to put one together with you to present for the lender.
1-888-995-HOPE

Hernando · 01-02-2009, 05:20 PM

After many weeks of talking to CW, only to hear our loan is under review and the completion date(?) is approx. 1/22/09, today I recieved an email
from NACA HomeSave Program. I do not remember contacting this group, although since my wife has been in the hospitral for almost two weeks, it is
possible that I did before she entered the hospital. Things have been a little crazy around here.
Is this a worthwhile group to pursue? Thanks for any info.

Moe Bedard · 01-02-2009, 06:18 PM

They are very helpful...........and they will work with CW and your investor on a modification proposal............
here is the link to the info.......
https://www.naca.com/refinance/refinanceTenStep.jsp

12-10-2008, 11:59 AM	#1 (permalink)
Hernando Member Join Date: Dec 2008 Posts: 10 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Expense sheet I am in the process of putting together a monthly expense sheet per request of Countrywide. I understand they like to see $100 to $250 left over at the end of the month. With an income of $3,000 per month and a mortgage payment of $1650.00 and after entering other expenses, there is no way we will have anything left and will be over the $3,000. Of course that is why we are seeking a loan modification. If anyone can tell me how to do this expense sheet so it will be acceptable by Countrywide, I will be most appreciative of any help!

12-10-2008, 12:06 PM	#2 (permalink)
alikeith Senior Member Join Date: May 2008 Posts: 630 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Expense sheet What type of loan do you have? Do you qulaify under the Dec 1st program?

12-10-2008, 01:36 PM	#3 (permalink)
Hernando Member Join Date: Dec 2008 Posts: 10 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Expense sheet Talked to Matt from the executive team and he said we do qualify for the Hope program. Our loan is 30 yr. fixed. 9.625%

12-10-2008, 01:39 PM	#4 (permalink)
Hernando Member Join Date: Dec 2008 Posts: 10 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Expense sheet Forgot to say we are in Florida

12-12-2008, 01:23 PM	#5 (permalink)
Hernando Member Join Date: Dec 2008 Posts: 10 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Expense sheet Anyone have any advice they can give me on the above topic? Appreciate any advice you may be able to give me.

12-12-2008, 01:27 PM	#6 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Expense sheet Hernando, The surplus is a guide only...........based on success stories form many servicers. You would need to go over the financials with either CW..........or you can call HOPE and they will be able to put one together with you to present for the lender. 1-888-995-HOPE __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer 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.

01-02-2009, 05:20 PM	#7 (permalink)
Hernando Member Join Date: Dec 2008 Posts: 10 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Expense sheet After many weeks of talking to CW, only to hear our loan is under review and the completion date(?) is approx. 1/22/09, today I recieved an email from NACA HomeSave Program. I do not remember contacting this group, although since my wife has been in the hospitral for almost two weeks, it is possible that I did before she entered the hospital. Things have been a little crazy around here. Is this a worthwhile group to pursue? Thanks for any info.

01-02-2009, 06:18 PM	#8 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Expense sheet They are very helpful...........and they will work with CW and your investor on a modification proposal............ here is the link to the info....... https://www.naca.com/refinance/refinanceTenStep.jsp __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer 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.

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