http://www.loansafe.org/forum/ en Thu, 23 May 2013 14:24:07 GMT vBulletin 60 http://www.loansafe.org/forum/images/misc/rss.png http://www.loansafe.org/forum/ http://www.loansafe.org/forum/loan-modification/85155-hsbc-mortgage-need-help.html Wed, 22 May 2013 18:30:38 GMT I don't even know where to start. I have a loan with HSBC I did not refinance with them but they bought my loan.. Biggest nightmare of my life!!

brief info

I am on the loan myself, 3 children. Income is $1680 a month.
Rate 7.44 fixed
Principal outstanding $171000.00
term 30 years
HSBC investor HSBC
payment $1280.00
backtaxes payment montly $280.00
taxes not escrowed $280.00
total payment with taxes $1862.00


I am 3 months behind on my mortgage. got approved for rate modification in 2008 to fix the rate and finally got approved for 6 month modification in 2012. The rate was 5% payment was $1200.00

3 months into the modification they paid backtaxes and added to my loan for $7000.00 broke the payment up into a year and added $582.00 a month. Basically I didn't get a modification. my payment was $1862.00

I got 2 months behind and tried again for another modification. Got denied. Reason been accepted for too many short term modifications.

I have sent a compaint to Consumer Financial Protection Bureau.
Sent a complaint through my attorney general.

I talked to the mortgage company yesteday and they are telling me they can't do anything for me. I asked for the CEO's information and they gave me a fax number to send my dispute to it was 888-245-9366. I tried to fax to that number and it's called the Hottest talkline in america. OMG are you kidding me!!!

who am I dealing with here.. UGGHHH..

they are telling me my option is to short sell.

I have lost about 10 years off my life with this deal and don't want to move..

Please HELP!! :cry:

thanks. shelley ]]> Loan Modification shellbear http://www.loansafe.org/forum/loan-modification/85155-hsbc-mortgage-need-help.html http://www.loansafe.org/forum/loan-modification/85131-citi-foreclosure-prevention-homeowner-assistance-event-atlanta-ga-thursday-5-23-a.html Tue, 21 May 2013 00:13:18 GMT CitiMortgage will host a free homeowner assistance events in Atlanta on Thursday 5/23 for distressed homeowners. CitiMortgage homeowner support ... CitiMortgage will host a free homeowner assistance events in Atlanta on Thursday 5/23 for distressed homeowners. CitiMortgage homeowner support representatives will consult one-on-one with homeowners having difficulty making their mortgage payments or facing potential foreclosure to determine what solutions may be open to them. Find event details @ http://citi.us/ZGeySe & view a short video @ Citi: Road to Recovery - Homeowners Assistance Events - YouTube ]]> Loan Modification Evan Bedard http://www.loansafe.org/forum/loan-modification/85131-citi-foreclosure-prevention-homeowner-assistance-event-atlanta-ga-thursday-5-23-a.html http://www.loansafe.org/forum/loan-modification/85112-my-husband-passed-away-can-i-modify-please-help.html Mon, 20 May 2013 05:58:55 GMT Here is the scenario of someone that really needs the help from us hopefully someone can inform her on what to do. 2 months ago her husband passed... Here is the scenario of someone that really needs the help from us hopefully someone can inform her on what to do. 2 months ago her husband passed away. He was the only one in the loan. She wants to keep the property continues to make payments but it has become very difficult for her to continue making the payments as she is the only providing for the family and all the household expenses.

Can she modify? They were legally married here in California. The loan is with Indy Mac. She is current but don't know how long more she can hold. What can she do if only the husband was on the loan? Any help would be appreciated. ]]> Loan Modification miguelwalliance http://www.loansafe.org/forum/loan-modification/85112-my-husband-passed-away-can-i-modify-please-help.html http://www.loansafe.org/forum/loan-modification/85108-ocwen-loan-mod-help-confused-about-new-mod.html Mon, 20 May 2013 02:39:43 GMT Hi Everyone, I recently applied for a loan mod with Ocwen after being 120 days in arrears. My confirmed monthly gross income came out to $4000. I... Hi Everyone,

I recently applied for a loan mod with Ocwen after being 120 days in arrears. My confirmed monthly gross income came out to $4000. I was previously under a HAMP program but after 2 years of paying, I fell behind.

Last week I was told by Ocwen that I am denied under HAMP tier 2 but I was approved for an in-house mod. The in-house mod sets my payment at $1555 per month (2%) where previously I was paying $1479 (2%). I spoke to the customer relationship rep today and was told this the best they can do for me and that I can re-apply but there are no guarantees that I will get a new offer for a mod. He also couldn't tell me why my new payment is higher than before.

I thought the whole point of this was to make my payments more affordable? What options do I have?

Thanks so much your help ]]> Loan Modification hasssani http://www.loansafe.org/forum/loan-modification/85108-ocwen-loan-mod-help-confused-about-new-mod.html http://www.loansafe.org/forum/loan-modification/85061-california-homeowners-bill-rights.html Sat, 18 May 2013 00:40:51 GMT it's almost 6 months since the new Ca foreclosure laws went into effect. I am looking for comments from those in CA that requested loan mods this year, how the new law is working for you, what the banks are doing to comply with the law, are the banks issuing more loan mods in Ca. etc. i have several realtor friends who tell my inventory in Ca is very low right now . Possibly because of the new law ? ]]> Loan Modification troubleinriverside http://www.loansafe.org/forum/loan-modification/85061-california-homeowners-bill-rights.html http://www.loansafe.org/forum/loan-modification/85054-cco-2nd-mortgage.html Fri, 17 May 2013 16:56:26 GMT Hello,

My husband has a second mortgage with CCO. We've tried a couple of years ago to get a modification but CCO would always delay and we would have to send in multiple documents every month. Our finances improved so we became current and was able to pay until about October of 2012. We have been struggling with paying them (we are current with our 1st mortgage) so we did not pay for April 2013. We turned in paperwork once again for a modification. I highly doubt we will be able to be modify as my husband, when work is good, (he's a mechanic on commission) he makes decent money. The last few months have been the worst we've ever seen. And he's been doing this for almost 30 years.

We are prepared to just let the 2nd mortgage go and we are extremely upside down in our house, even if it was just the first mortgage. We owe around 68k on the first and 54k on the second. Our current tax assessment of our house dropped again this year to about 42k. From reading the posts here, I don't think CCO will want to foreclose on our home (even though every letter we get says they will).

My question is this: We don't have the funds to even negotiate a settlement. If we did, we would pay our debt. What will happen if CCO doesn't modify our loan? I've read it will go to a collection agency (we're quite aware of them since we've dealt with them before). My fear is that the CA will try to garnish my husband's wages. We're a one income family and we would definitely lose our home if that happens. So what should we expect if CCO doesn't modify our loan? Thanks so much for the input. This site is a blessing!

I would like to add we would like to stay in our home. We've been here 15 years and it is home. Thanks again. ]]> Loan Modification bngbedard http://www.loansafe.org/forum/loan-modification/85054-cco-2nd-mortgage.html http://www.loansafe.org/forum/loan-modification/85036-loan-modification-3rd-party-scam.html Thu, 16 May 2013 19:45:25 GMT I have a property with a sale date soon. I got an advertisement in the mail from a company saying they think they can get the mortgage modified down... I have a property with a sale date soon. I got an advertisement in the mail from a company saying they think they can get the mortgage modified down to 2% and get the arrears forgiven.

They charge $2500 for "phase one" which is basically getting started. They charge another $1500 once the terms are finalized ("phase two").

The address they give is in Newport Beach, CA, but I cannot find any information on them on the web...good or bad. What I can find looks like they wrote it themselves.

I was wondering if anyone has heard of these guys, and if their service is legit. They claim to be able to work on a modification much more aggressively than I can on my own because of all the lapses the mortgage companies had with paperwork, compliance, etc.

They get the loan info and property info, look up the originating mortgage company, and then let you know if you are approved or not for their program.

In some ways, it seems very legit. In others, it is scary. I have not been able to find anything on them on the web. To pay, they want you to ACH or deposit money into their bank account. ]]> Loan Modification landlord in olympia http://www.loansafe.org/forum/loan-modification/85036-loan-modification-3rd-party-scam.html http://www.loansafe.org/forum/loan-modification/85011-modification-second-loan-same-lender-denied.html Wed, 15 May 2013 23:25:58 GMT After a long hard fight HFC/Beneficial/HSBC modified my loan using the 31% formula. I am disabled, and am paying COBRA which costs $1720 and they... After a long hard fight HFC/Beneficial/HSBC modified my loan using the 31% formula. I am disabled, and am paying COBRA which costs $1720 and they said they goon gross only, no matter what. I am saving $100 due to their modification of the first loan.
I tried to get a modification on the second mortgage and was turned down because their investors refused to do a modification on my second loan. ]]> Loan Modification robjs http://www.loansafe.org/forum/loan-modification/85011-modification-second-loan-same-lender-denied.html http://www.loansafe.org/forum/loan-modification/85004-nationstar-do-they-do-escrow-analysis-before-npv-test-trying-get-new-modification.html Wed, 15 May 2013 15:53:20 GMT Hi there,

I can't help obsessively searching for answers on this site because I have been waiting SO LONG for an answer from Nationstar. I think my case is unique because I am trying to a get a second or NEW modification based on divorce. I have read and re-read all the information I can about previously modified loans and it is unclear to me as to what number the servicers use when running NPV tests...I have been told that it would be a miracle for me to be modified because my payment is already 2 percent and my loan was already extended to 37 years...but I still feel like I have a chance because I got divorced, need to get the ex off the loan and I was so screwed by the bank with a negatively amoritizing loan BEFORE the first modification and have still not recovered all the negative equity.

I called Nationstar today and they said that my case has been in underwriting for one month and that they are in the process of determining what my escrow is. That sounds like a good sign to me. However then I read that in many cases an escrow account will be established even if I get denied for a loan modification. Also it is the NPV test that I fear and I assume I will fail the NPV test based on the fact that my income is too low to get the payment to 31% with property taxes and insurance factored in. And my house is worth $100,000 more than I owe so I now have equity.

It is very unfair because back when I started this process in October I had no equity. Housing prices have really gone up in my area in the past 6 months!

Any advice or feedback would be appreciated. I can't sleep at night because I am so nervous about being denied. ]]> Loan Modification marincountyowner http://www.loansafe.org/forum/loan-modification/85004-nationstar-do-they-do-escrow-analysis-before-npv-test-trying-get-new-modification.html http://www.loansafe.org/forum/loan-modification/84985-streamlined-modification-program-take-effect-immediately.html Tue, 14 May 2013 17:02:55 GMT New Streamline Loan Modification Program Available Immediately for Struggling Homeowners | LoanSafe... New Streamline Loan Modification Program Available Immediately for Struggling Homeowners | LoanSafe

Freddie Mac has just announced that they will be implementing the new “Streamline Modification” program immediately for borrowers struggling to afford their mortgage. This program provides a temporary no-document modification opportunity for homeowners in danger of foreclosure. The program was originally scheduled to take effect on July 1, 2013.

Participating mortgage servicers have been given the green light to implement the program and start sending out trial period agreements to borrower’s determined eligible. Once the homeowner has successfully made three monthly trial payments their account will be reviewed for permanent assistance. ]]> Loan Modification Evan Bedard http://www.loansafe.org/forum/loan-modification/84985-streamlined-modification-program-take-effect-immediately.html http://www.loansafe.org/forum/loan-modification/84980-risk-foreclosure-during-process.html Tue, 14 May 2013 15:03:18 GMT My home is in Temecula, CA. I have submitted my second loan modification. This morning I received a call from my point of contact stating that even... My home is in Temecula, CA. I have submitted my second loan modification. This morning I received a call from my point of contact stating that even while in the loan modification process (still under review), I am at risk of foreclosure. Is this accurate?
I have not made a payment, due to hardship, since october 2012. This is my second attempt at a loan mod.

Any information is greatly appreciated! ]]> Loan Modification spftf http://www.loansafe.org/forum/loan-modification/84980-risk-foreclosure-during-process.html http://www.loansafe.org/forum/loan-modification/84977-just-beginning-need-some-solid-advice.html Tue, 14 May 2013 12:54:10 GMT My husband has a mortgage in his name through HSBC. His mother is the co-signer and I am not on the loan. First I was told our mtg has been... My husband has a mortgage in his name through HSBC. His mother is the co-signer and I am not on the loan. First I was told our mtg has been transferred to PHH and then I was told they don't participate in the HAMP Program. I was shocked at this. My husband is currently out of work and on Worker's Compensation for a bad back injury. He is waiting for a date for his lumbar fusion. This is a man who never missed one day of work and goes to work an hour early, it's been very tough on him. Compensation currently cut his comp by $280 per week. Needless to say, this has really put us in a bad financial situation. I work part time as an RN but with 3 children and lots of bills its been very very hard to keep our heads above water.

HSBC said they have their own ways of helping people and wanted to go over all our expenses. They said they could spread one payment out over one year or see if we can qualify for their own type of loan modification. I said I don't want to spread a payment out because that's $200 more per month I have to pay for the next year, that's not going to help. They are mailing me the loan mod paperwork and said I should have it in a week. I asked if it could be federal expressed, they said no. :embarrest:

So from what I understand I will have to submit last years tax return and what I want to prevent is the bank counting my income to qualify for this loan mod. Also, I don't want them to ask for my MIL's income because she DOESN'T live here and doesn't contribute any money at all towards this mortgage.

I have been reading horror stories about people trying to get a loan mod through HSBC/PHH. I have a few friends that have recently been approved for a loan mod through various banks. They received all the paperwork via EMAIL and didn't have to include this RIDICULOUS amount of paperwork AND have been approved within TWO WEEKS?!?!?!?!?!?!?!?!?!!?!?!

Any help, suggestions, comments would be GREATLY APPRECIATED. I am a WRECK over all this and if I can just get the interest rate lowered, even if for a year, I would be in such a better place. ]]> Loan Modification sunshineplease http://www.loansafe.org/forum/loan-modification/84977-just-beginning-need-some-solid-advice.html http://www.loansafe.org/forum/loan-modification/84943-beware-hamp-scam.html Mon, 13 May 2013 14:16:55 GMT Dear President Obama 12 May 2013 I am writing in protest of the use of the... Dear President Obama 12 May 2013
I am writing in protest of the use of the Making your Home Affordable Modification Program; HAMP that was used to scam me out of my home. I was told to go into default to get help under this program and told to make payments. I was current with my payments and had never been behind. I thought I was doing the responsible homeowner thing and asking the bank for help. In three months I would be modified if I made the payments. I made the payments in good faith and was told I would be modified and not foreclosed on. Instead, I was foreclosed on after they inflated the default after 7 months. The Making your home affordable office says this is OK for the bank to do this. This is a bait and switch scam and this is wrong.
My home of 7 years that had equity in it was stolen by Wells Fargo Bank, with the help of the United States Government. I am 58 years old and the equity in my home was my retirement. How would you like this to happen to you? I do not think this would go over well with you, if this happened to you. I will not be able to retire and I will never be able to get another home again. After this had happened to me I have made it a mission to inform as many as possible not to fall for this scam; as for some reason the government believes it is OK to foreclose and scam people out of their homes. For some odd reason I believe this is an attempt to relocate people using this scam for some reason. This is not the America I grew up in and it seems the definitions of right and wrong have become distorted.
To add insult to injury the Office of the Comptroller of the Currency solicited me and told me they would review the foreclosure as I had sent in non notarized documents with my request for a review. Instead of reviewing they let Wells Fargo do the review and classify me in a wrong category and they gave me $6000.00. Talk about letting the fox into the henhouse. This payment was different than the publicized remedial framework relief they had on their website. Then, they said I could take the bank to court, however the bank does not admit or deny the mistake per the outrageous settlement, that shows more corruption within the financial system. They have conveniently protected the bank using a separate entity, RUST to make payment.
I say SHAME on the US GOVERNMENT for producing this scam, using the banks to run it and I will never trust the banks or the government again. I will also tell my kids to never put a dime into this system as it has become so corrupt, that no official will stand up and change it. I believe this government will reap, what they sow. I love this country and I am sad that it has been taken over by corruption. To bail out the banks, so they can scam the people and then foreclose. Thousands have had this happen to them.
Finally losing my home to this government scam, has caused me much grief and some treat me like a second class citizen. Please accept my thanks to the government for stealing my home and destroying my life.
Sincerely; Jeffrey L. Shurtliff

　 ]]> Loan Modification Jeffrey L. Shurtliff http://www.loansafe.org/forum/loan-modification/84943-beware-hamp-scam.html http://www.loansafe.org/forum/loan-modification/84902-need-revise-ownership-deed-after-hamp-loan-mod.html Sun, 12 May 2013 00:13:13 GMT Hi all,

Our mortgage was modified under HAMP 2 years ago. The deed has my mom and my husband's name on it. Only my husband's name is on the mortgage with Bank of America. My mom wants her name removed from the deed due to medical reasons. I remember seeing something on the permanent HAMP loan modification documents that I have to contact or obtain an approval from the servicer to alter the deed.

Does anyone have any experience with this? If I were to remove my mom's name on the deed without contacting the servicer, will they still be notified? Also, has anyone ever had to deal with the servicer to get an approval to revise their deed?

The last thing I want is to get our loan mod revoked. Please help! Thanks! ]]> Loan Modification one1luv629 http://www.loansafe.org/forum/loan-modification/84902-need-revise-ownership-deed-after-hamp-loan-mod.html http://www.loansafe.org/forum/loan-modification/84861-new-member-questions.html Fri, 10 May 2013 13:36:58 GMT I’m a new member here with several questions about my modification. Please bear with me if this seems rambling...]]> Hello everyone,

I’m a new member here with several questions about my modification. Please bear with me if this seems rambling and confusing.

I just successfully completed a three-month trial modification period and have received the conversion paperwork from my servicer, Seterus (for Fannie Mae).

My old loan was $368,279 at 5.375% for 30 years, with a monthly payment of $2,803. Because I was unemployed for almost two years, I missed over two years of payments.

The proposed modified loan is $449,505 at 4.00% for 40 years, for a monthly payment of $2,761. The house is worth approximately $408,000 (according to the tax records, its probably less). Comparing the two monthly payments, I’m really no better off than I was previously, and will still be living close to the edge every month. The modification works out to be 31.5% of my monthly income, so my questions are these:

Can I do any better? Request another modification? I know they can go down to a 2% rate and even forgive some of the principal, or do they stop everything once they hit the 31% level? I now owe more than what the house is worth, can I get them to forgive the difference? I’m fairly certain I’ll not remain in the house for 40 years (I’m 55 years old), so I’ll never pay off the entire loan anyway. I know that servicers get paid a commission as a percentage of the loan balance, so there would be some pushback from them I’m sure.

The agreement says that if a payment is more than 60 days late during the first 12 months of the permanent modification, the loan will go back into foreclosure. If this happens, does the whole process start from scratch or do I go back up near the top of the pile?

I’m sure I’ll have more questions in the next few days, thanks for your patience and any advice!! ]]> Loan Modification Don31 http://www.loansafe.org/forum/loan-modification/84861-new-member-questions.html http://www.loansafe.org/forum/loan-modification/84837-refinance-after-modification-you-eligible.html Thu, 09 May 2013 18:27:26 GMT I know many homeowners have received amazing loan modifications at 2%, principal reductions and 2nd mortgage settlements. This...]]> Hi Everyone,

I know many homeowners have received amazing loan modifications at 2%, principal reductions and 2^nd mortgage settlements. This post may not be for you but is still worth a quick read to understand what options you may have in the future.

With home values increasing I have been finding that an overwhelming number of homeowners have received unfair loan modifications, many with interest rates still as high as 5.875% where they push the missed payments and extend the term of the loan in order to make the payment affordable. There may be an option for you through various programs currently.

If you have a Fannie Mae or Freddie Mac backed loan or Equity in your home you may be eligible to refinance with the current market rates (which are still very low) as long as you did not receive a principal reduction with your loan modification. Here is an example of some acceptable types of loan modifications that are eligible: Interest rate reductions, term extensions, principal deferment (where they push some of the balance to the end of the term) or past due payments that were pushed to the rear of the loan.

If your modification is about to adjust to 4.75% or higher you will want to look at a few things.

Here is the link to find out if your home is Fannie Mae or Freddie Mac backed:

Fannie Mae: https://www.knowyouroptions.com/loanlookup
Freddie Mac: https://ww3.freddiemac.com/corporate/

If your loan is Fannie Mae or Freddie Mac backed it doesn’t matter what you owe on the property!

I would also look on Zillow to see if your home has increased in value, programs start with you only having 3.5 percent equity for FHA, 5% for conventional and 20% without mortgage insurance. If you have any questions I’m always happy to help. ]]> Loan Modification Erik Sandstrom http://www.loansafe.org/forum/loan-modification/84837-refinance-after-modification-you-eligible.html http://www.loansafe.org/forum/loan-modification/84821-florida-want-loan-mod-nationstar-first-mortgage.html Thu, 09 May 2013 03:22:34 GMT Hi we have our residence home and would like to start a loan mod. every year or every month there is some large/small different feeling about loan... Hi
we have our residence home and would like to start a loan mod.
every year or every month there is some large/small different feeling about loan mod.
we want to stay in the house.
house is 20 years old
zillow $134,000
first mortg is NationStar $180,000 option arm
second mortg 24,000 9% fixed used to GMAC now don't know

where do we begin and should we even try?
we would like to pay expert to help us but really cannot trust anybody

regards ]]> Loan Modification Lrning http://www.loansafe.org/forum/loan-modification/84821-florida-want-loan-mod-nationstar-first-mortgage.html http://www.loansafe.org/forum/loan-modification/84817-only-24-hours-sign-house-boa-loan-mod-im-still-not-sure-what-do.html Thu, 09 May 2013 00:54:00 GMT Hello,

I have just 24 hours to sign in-house BOA Loan Mod - AND I'm still not sure what to do?

My lawyer reviewed the loan docs today and said it all checks out legally & calculations are close to accurate. He said it's up to me to decide if I want to prolong this, or just sign it to move forward. If I don't sign now, it would be to correct about $161/mo - that I believe would be saved under a HAMP mod. I was wrongfully denied for HAMP by BOA, I filed complaints, and only received $600 compensation from the Independent Mtg Review Board.

So...BOA offered me a 4% (for 40 years) Loan Mod on $270K, with an 80K balloon payment (equal to my arrears for 3 years of not paying on my orig interest-only loan). My approx. current home value is 221K, on a 7-year-old home.

My 3 trial payments were $1860, my new payments are now $1830/mo.

My total monthly gross income is now $5600, which 31% = 1736. I pay my own insurance at $67/mo, so my P&I should not exceed $1669/mo. They are asking for $1830 (or $161 extra). Of course no one will discuss the terms with me, so it's at the deadline to return the documents, and i have to ask myself if it's worth fighting them on this. Or just be glad that I have a chance to move on from it.

I was thinking - if I kept paying the $1830/mo, rejected their loan mod, then I could reapply for HAMP & likely get better or at least the same deal later on. I guess the question is - is it worth it to fight for $161 more savings?

A bird in the hand?

I'm probably going to just sign, versus risking it. Especially now that my lawyer gave me his blessing on the contract terms, and no hidden clauses to screw me later on.

Any input, advice is sincerely appreciated. I'm so conflicted over this.

I should be celebrating I guess. Just frustrated that I was wrongfully denied HAMP, getting only 4%, and no principle reduction, of other considerations. After this I have a 18K (15K + 3K in arrears) 2nd mtg to deal with, as well.

Hopefully I get a lot of responses. Please share your thoughts !!!

So sincerely,

Steve in NJ ]]> Loan Modification Steve http://www.loansafe.org/forum/loan-modification/84817-only-24-hours-sign-house-boa-loan-mod-im-still-not-sure-what-do.html http://www.loansafe.org/forum/loan-modification/84496-massachusetts-homeowners-look-out-homecorps-program-notice-mail.html Fri, 26 Apr 2013 00:02:00 GMT The new loan modification statute, signed into law on Aug. 3, 2012, requires creditors holding certain mortgage loans at risk of foreclosure to... The new loan modification statute, signed into law on Aug. 3, 2012, requires creditors holding certain mortgage loans at risk of foreclosure to notify borrowers of their rights to pursue a loan modification or other foreclosure alternatives. Close to 10,000 borrowers have already been sent notices about the opportunity, and many are seeking guidance from the HomeCorps Program to submit the necessary documents within the required 30-day period. Thousands more are expected to be provided with a loan modification opportunity as the notification process continues.


“It is extremely important for all eligible borrowers to respond to this notice and take full advantage of any opportunity to prevent foreclosure,” AG Coakley said. “State law now sets standards to ensure creditors promote reasonable loan modifications, and our HomeCorps program is here to help homeowners through that process.”


Under Massachusetts law, borrowers with loans that meet a certain criteria have the right to apply for a loan modification if they submit a complete financial package to the bank within 30 days of the notice. Under the new Section 35B of G.L. Chapter 244, the servicer is required to take “reasonable steps” and make a good faith effort to avoid foreclosure, including an assessment of the borrower’s ability to make an affordable monthly payment. ]]> Loan Modification Evan Bedard http://www.loansafe.org/forum/loan-modification/84496-massachusetts-homeowners-look-out-homecorps-program-notice-mail.html http://www.loansafe.org/forum/loan-modification/84481-wells-fargo-loan-mod-approved-suntrust-heloc-wont-subordinate.html Thu, 25 Apr 2013 12:13:06 GMT Hello all, This forum has been helpful to us in regards to our foreclosure and modification strategy, we were approved for a wells fargo mod and... Hello all,

This forum has been helpful to us in regards to our foreclosure and modification strategy, we were approved for a wells fargo mod and paid the trial payments and the final mod was hung up by our suntrust 2nd mortgage!!!! they said the loan was charged off and could not be subordinated. what do we do?!?!?!?!?!?!?!?!?! now wells fargo says the mod has to be restarted all over again and would require the lein release by suntrust!!!!! we did a chapter 7 bk and wiped off both mortgages. are we toast?

Thank you all. ]]> Loan Modification maxximum350 http://www.loansafe.org/forum/loan-modification/84481-wells-fargo-loan-mod-approved-suntrust-heloc-wont-subordinate.html