My story

[devsrule]

I am new here and have been reading the many posts, trying to better infom myself and prepare myself for the battle. First let me say that I think this forum is GREAT! Wonderful people and all willing to share. Thanks for that. Now my story...I just went into my 4th month behind(Aug/Sept/Oct/Nov) in my mortgage with Suntrust. I got some bad info from a place called Money Managers LLC, which I sent $500, but thankfully thats it. When I first fell behind I didn't know what to do, and a friend suggested this place. BIG mistake that I trusted what they said, wanted two payments of $1750 before they did anything and the $500 was a "membership" fee...I know I'm stupid, but have learned "grasshopper" since reading at this forum.(wish I found it first) I have since been told by Suntrust last week that they are sending a Loan Mod package, which I have not received yet. This was due to filling a form/request at the govt website. Since reading posts here I have set up an appointment with NACA on Nov 7th in the nearest city to me and REALLY hope that they will give me the guidence I feel I need. The reason I am in the position I am is because I bought my house 07/07 with no $ down and could handle the payment at the time thanks to extra work and so on...well now I can't pick up the extra hours at my job and have had no luck picking up a part-time job. Add the fact that my payment has increased both years and well here we are. I'm not sure if this is enough info..it just makes me sick typing this..I just want a payment I can handle. I know that this is partly my falt but I just wanted a place for my children to grow up instead of an appartment. Well any feedback (good or bad) is welcome, as again I am trying to learn and ready myself for the good fight.

[nativelasvegan]

I am hoping NACA can help on 11/7. It is in just a few days so you might want to wait and see what they have to say. Anyone here have experience with Suntrust? I did a search on this forum and found the following that might help you:
Suntrust is dishonest and unreliable!!

SunTrust Mortgage Mod in Progress

Suntrust, I can hardly wait, not.

[devsrule]

Yes I have read about Suntrust on this site also and it's not to good... I hope to get the package before 11/7 to take with me. If not I will just go in and tell them what I have posted here and hope for the best.

[AZOwner]

Thank you all for posting. We have a larger initiative going on to provide the American Homeowner a voice to get the system in some kind of order.

Please, Please, go to the Huffington article and post a message to the article, link above. We need to bring this fight back to the forefront. If you won't sign the petition, please leave a note at Huffington. Highlight some of your challenges with the issues.

Together we can make a BIG difference, individually we are a drop in the bucket.

Thank you.

Here are links to both.

http://www.huffingtonpost.com/richar..._b_342665.html

http://www.petition2congress.com/2/2564/petition-to-us-government-from-american-homeowners/

[devsrule]

I was one of the first to sign the petition, as a matter of fact it was the first thing I did when I joined on Thursday 10/29 and Caldwell gave me a thanks...lets everybody sign this thing!!!

[devsrule]

Ok I just want to keep this updated as I'm sure there a many like myself who just come on here, but only read to gather information. I went to the NACA workshop on 11/7. I must now fill out all my info online and have an appointment scheduled on 12/14 at their office. (You can do it over the phone, I just thought going to the office was a better option for me since it's not really an inconvenience for me.) I plan to have everything they asked for done so they can proceed and submit my request to Suntrust. My workshop was for Home save & for people looking to buy houses. It seemed to have more who were home buyers getting information, but there were still a good number of folks looking for NACA's help like myself. The workshop lasted 4 hours and was a requirement before they will proceed in helping you. (It's step #1) Well again if anyone has thoughts, comments, or questions, please feel free to post.

[devsrule]

Well I just wanted to update this as I am sure there are many in a similar situation who just come here to read and gather information. I went to the NACA workshop on 11/7. I must now complete all my information online at there website and have an appointment on 12/14 at their office. (You can do it over the phone I just felt going to their office was better for me, since it's not an inconvenience for me.) The workshop is step #1 and is required before they will proceed in helping you. I plan to have all that they have asked for so they can submit my request to Suntrust. The workshop was for Home save and Home buyers. Again if anyone has comments or questions, please feel free to post.

[rtrem10]

My name is Ryan Tremblay and I am the President of Money Managers LLC. I am posting this in defense of my company that is solely based on honesty and results. We back this up with a money back guarantee when we cannot produce.
The posting about how we mislead Devsrule is far from the truth. Money Managers LLC is a multi servicing financial company that guides its many clients honestly and to the best of its ability. In the case with Devsrule they simply did not render our services. The Membership fee they are referring too is for access to our multi-functional website that provided communication between MMLLC and its clients. It gives them 24 hour customer support on the site as well as access to their file to see all conversation that go on about the clients with the underwriters and attorneys. Our contracts state that the Membership fee is 100% refundable if we don't get the client pre-approved with our underwriters for a loan modification. In the case of Devsrule we submitted 4 applications and eventually got the pre-approval. Their current payment is $1314.00 and we gave them an estimate of $1,000.00 based on the financial information that they supplied. This is a small loan so the savings are not nearly as much as what we do for other clients who have bigger loans. In a case like this where the savings is only $300.00 per month the fees certainly would have been adjusted. We save our clients at least what they spend with us in their fist year of making payments. This is a very good return on investment.
The next step for them would have been for us to completely put their file together then submit it the the underwriters, who eventually deal with the bank on behalf of the client. At that point a first payment of $1750.00 would have been due. The final payment of $1750.00 would have been due at the closing of the loan modification roughly 3 months later. So the comment that Devsrule made about MMLLC taking 2 payments of $1750.00 before we do anything is completely inaccurate. Not to mention the $3500.00 is 100% refundable if we fail at the bank.
Anyone that wants to see the results we are getting for people can call me at 201-669-4262 and I will produce as many successfully closed loan modifications as you want to see. Yes you can do your own loan modification with the bank just like you can represent yourself in court but most people choose to hire an experienced attorney to do so.
Money Managers LLC is a fully disclosed company and anyone that wants to see what we do I have no problem showing. Our results speak for themselves. As far as Devsrule goes I wish you luck dealing with Suntrust on your own and hope you get a good result. Just keep in mind they are certainly not our for your best interest and Money Managers LLC definitely would have been. I hope this cleared the air and helps everyone realize that even when you are honest and do all the right things there are always going to be people that try to hurt the integrity of the best companies.

Thank You

Ryan Tremblay
President
Money Managers LLC

[juskilentime]

Originally Posted by devsrule

The reason I am in the position I am is because I bought my house 07/07 with no $ down and could handle the payment at the time thanks to extra work and so on...well now I can't pick up the extra hours at my job and have had no luck picking up a part-time job. Add the fact that my payment has increased both years and well here we are. I'm not sure if this is enough info..it just makes me sick typing this..I just want a payment I can handle. I know that this is partly my falt but I just wanted a place for my children to grow up instead of an appartment. Well any feedback (good or bad) is welcome, as again I am trying to learn and ready myself for the good fight.

Devsrule, what kind of loan do you have?

[devsrule]

I have a fixed rate at 7.99%. The increase, I believe, is due to taxes and insurance rising each year. I know that this is a fact of life and will continue. Again I know that I feel I am at fault here in a way, biting off more than I could handle. But with my extra hours at work being cut, that pretty much put a big hole in my boat, so to say, and I started sinking. I am just trying to get things straight here. I was smart enough to not get an adjustable rate.