Document ALL CALLS TO NEGOTIATORS

[JacMac]

I just read this at the Federal Reserve Board site under tips for those facing foreclosure, I think it's good advice:

Throughout the foreclosure prevention process:

* Keep notes of all your communications with the servicer, including date and time of contact, the nature of the contact (face-to-face, by phone, email, fax or postal mail), the name of the representative, and the outcome.
* Follow up any oral requests you make with a letter to the servicer. Send your letter by certified mail, “return receipt requested,” so you can document what the servicer received. Keep copies of your letter and any enclosures.
* Meet all deadlines the servicer gives you.
* Stay in your home during the process, since you may not qualify for certain types of assistance if you move out. Renting your home will change it from a primary residence to an investment property. Most likely, it will disqualify you for any additional “workout” assistance from the servicer. If you choose this route, be sure the rental income is enough to help you get and keep your loan current.


http://www.federalreserve.gov/consum.../mortgages.htm

[Moe]

thanks again jmac!

[Brian K.]

As I said before I also think it is a good idea to send confirming letter to the lender after any conversation. The lender will give you the address on the phone, and it will help to document the file and move your case along. What would you rather say to the new negotiator on a file :

I spoke to Sally Smith from your office last week and she said she would do ……

Or

Pursuant to my letter of [date] you authorized agent agreed to do the following on or before [date]. Please check the file, I will hold.

The letter just works for you and its only 41 cents!

[schwefls]

Dan:

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