http://www.loansafe.org/forum/ en Sat, 21 Nov 2009 01:57:01 GMT vBulletin 60 http://www.loansafe.org/forum/images/misc/rss.jpg http://www.loansafe.org/forum/ http://www.loansafe.org/forum/citi-mortgage-citi-financial-homeowner-help-center/19071-evan-help-me.html Fri, 20 Nov 2009 21:01:48 GMT Recap of my situation: Gross is $3830 (since 15% salary cut in June), net is $2797. 1st mort is $1184, 2nd is $562. (Both 1st & 2nd are Citi loans)

Citi denied HAMP after trial payment period due to 31% rule. Now behind on 1st mortgage because of the trial payments I made for 4 months.

Tried for traditional mod on 1st & 2nd: Denied because "insufficient income to maintain monthly expenses." And they cannot help on the 2nd because it is current. Citi suggested credit consolidation help, if successful there then maybe they can do something for me. (?)

Paycut is killing me. No more savings, no nothing. I am thinking about stopping payment of my 2nd. If they try to foreclose on me because of that I could probably get a hardship withdrawal from my 401k to settle the second. Please advise. ]]> Mermaid http://www.loansafe.org/forum/citi-mortgage-citi-financial-homeowner-help-center/19071-evan-help-me.html http://www.loansafe.org/forum/citi-mortgage-citi-financial-homeowner-help-center/19043-need-advice.html Fri, 20 Nov 2009 03:58:00 GMT Started the process of modification of my sister's loan in May, she is a new young widow, got her placed in the trial in July, verbally Aug, sept, oct, but when paperwork came it was Sept thru November. Paid all trial payments by phone, called twice a week since July 1, They received package back on July 28 with all documents as I have the tracking information. They clamed initially that it was not in the system, but after checking they said they had everything. On October 22, was told we were in the cue to be assigned to an iunderwriter, that it was great nothing new was needed. Online still shows the last update at july 2,
Yesterday, she received another hamp app[lication and request for all the information that was intially sent, called loss mit, they assured me to ignore the request that they had everything, The letter said to call another number so I did, and discovered MOS, Yesterday, they said her account was being handled by Citi and sent me back to loss mitigation who again assured me that all was well, just wait, Well, I called back MOS this morning and was told that they no longer had the orignal modification because it was cancelled October 18 because they had no paperwork, MOS verified they did have the 76 pages in both systems, and did not know why they cancelled the trial period, and that CIti requested MOS to continue to work on the file, they would be calling in a few days to tell us what else is needed, This is after at least 50 calls asking if their was anything else needed, I dont beleive anything I am being told, nothing has panned out, but I dont blame the employees, they have been very nice, but I do think they take the easy way out. What needs to be done now, Just wait on the call or be proactive and if proactive, what is suggested. ]]> billw32 http://www.loansafe.org/forum/citi-mortgage-citi-financial-homeowner-help-center/19043-need-advice.html http://www.loansafe.org/forum/citi-mortgage-citi-financial-homeowner-help-center/19041-citis-response-my-qwr-you-gotta-see.html Fri, 20 Nov 2009 03:28:40 GMT So today I got back a response from CitiMortgage to our QWR that we sent 10 days ago. Here is the letter that I sent, text in RED represents what I... So today I got back a response from CitiMortgage to our QWR that we sent 10 days ago. Here is the letter that I sent, text in RED represents what I RECEIVED BACK today in the packet:

November 5, 2009
CitiMortgage
Attention: Customer Research Team
Re: Loan Number: abcdefghij Name : SocialApocalypse.com (gave real name of course)
Subject Address : given
Reason for request: Pending enforcement action of rescission of loan, dated May 29th, 2009

To Whom It May Concern:

Please accept this letter as a “Qualified Written Request” under Section 6 of the Real Estate Settlement Procedures Act (RESPA) to obtain copies of ALL documents pertaining to the origination of the above mentioned Clients’ current mortgage on the referenced subject property. Please see below for a list of documents needed.
 Initial Loan Application and Final Loan Application
received copies we signed AT CLOSING that were mockups of applications that we never signed prior to the closing table, we never signed an application
 Executed Notice of Right to Cancel (if refinance)
did not receive this, although they were in our closing documents as required
 Deed of Trust/All Riders
rec'd the deed of trust, NO RIDERS, specifically the BALLOON rider that they sprung on us AT CLOSING!
 Note and All Addendums/Riders
Just the note. Not the ALLONGE TO NOTE that I later discovered, NO addendums or riders at all, though they do exist. We were trying to find out who OWNS our loan.
 Truth-in Lending Disclosure Statement
Did not recieve this at all, the one we signed at closing is deeply inaccurate.
 Itemization of Amount Financed
Did not receive this.
 Good Faith Estimates
This is good: I recieved a good faith estimate for a loan in the amount of $340K. The loan we have with Citi is for $86K!
 Estimated and Final Closing Statements (HUD)
completely different numbers than we signed at closing
 Appraisal
did not recieve this
 Title Report
did not recieve this
 Grant Deed(s)
did not recieve this
 Copy of Loan Payment History – This must include all payments made, all fees incurred, any and all escrow account disbursements and how payments were applied
We did recieve a very bland spreadsheet document with a bunch of numbers on it, so I think this will suffice....

In addition to the above, please forward any and all disclosures, rate sheets etc. associated with the above transaction. did not recieve this Please note that all copies need to be clear and legible and all documents should be copied in their entirety.did not recieve this
In closing, We/I understand that under Section 6 of RESPA you are required to acknowledge our/my request within 20 business days and try to resolve any issues within 60 business days.
Please forward requested documentation as soon as possible and we look forward to working with you on a solution that benefits our mutual concerns.
Thank you for your time.

SO.... now what? They didn't comply. Advice? ]]> Social Apocalypse http://www.loansafe.org/forum/citi-mortgage-citi-financial-homeowner-help-center/19041-citis-response-my-qwr-you-gotta-see.html