My story starts over a year ago..Ill make this short. My loan was with Chase Bank and is now with LBPS-was transferred to them 09/01/2010. I tried to obtain a loan mod thru Chase three times due to the loss of income and was denied everytime! The experience trying to work with Chase was terrible! My spouse and I have taken a loss of incomes, loss of value on the home-we are currenly underwater over $100k and used all of our resources to keep making our mortgage payments...as of 10/1/2010 we couldnt pay any more.
So we are trying to get a mod with the new bank LBPS and also reached out to the website 'you walk away.com' and requested assistance for a loan modification. Through that site we were connected to 'Home First' (home-1st.com) and have been given some positive news. Theyve told me we do not have to pay until they get a verified loan modification and have provided us with a forecasted payment.
Does anyone out there have any experience with this company? Ive checked them out and they appear to be a legit company and have a A- rating with the BBB.
Im reluctant to try to go through a loan mod again with the bank that currently hold our loan because of our bad experience with Chase...so Im confused on what route to take. We want help, and want to save our home.
Any input would be appreciated!