Aurora Loan Services - Loan Modification Forum

pp001 · 02-23-2009, 11:11 PM

I have a mortgage with ALS and also 2nd mortgage with bank of america. I am 3 payments behind and i have sent ALS the hardship letter and also the finacial stuff they wanted and they are not modifying my loan they told me i would need to pay all 3 months and then they will consider modifying my loan. I am trying to get 30 yr low fixed rate from them but having difficulty doing so. Can anyone please advise what i should do next?

Moe Bedard · 02-24-2009, 12:26 AM

Please answer for both loans..............
What is your interest rate at?
Are you paying interest only?
When is it set to adjust?
What is the loan amount?
Are you in default?

pp001 · 02-24-2009, 09:08 AM

1. 1st Mortgage = 7.5% ARM 2nd Mortgage = 7.0%
2. Yes i am paying interest only
3. 2011
4. 1st Mortgage = $475.000 2nd Mortgage = $91,000
5. I am currently in default

Moe Bedard · 02-24-2009, 09:39 AM

Since you are not getting anywhere with ALS...............
If you are looking to try to modify to a low fixed rate loan and this is the only property that you own..............you may want to try going through the HUD approved non profit agency NACA instead..........their services for the Home Save modification program are free..............
click on the link for the info...............
https://www.naca.com/refinance/refinanceTenStep.jsp

02-23-2009, 11:11 PM	#1 (permalink)
pp001 Junior Member Join Date: Feb 2009 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Aurora Loan Services I have a mortgage with ALS and also 2nd mortgage with bank of america. I am 3 payments behind and i have sent ALS the hardship letter and also the finacial stuff they wanted and they are not modifying my loan they told me i would need to pay all 3 months and then they will consider modifying my loan. I am trying to get 30 yr low fixed rate from them but having difficulty doing so. Can anyone please advise what i should do next?

02-24-2009, 12:26 AM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Aurora Loan Services Please answer for both loans.............. What is your interest rate at? Are you paying interest only? When is it set to adjust? What is the loan amount? Are you in default? __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

02-24-2009, 09:08 AM	#3 (permalink)
pp001 Junior Member Join Date: Feb 2009 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Aurora Loan Services 1. 1st Mortgage = 7.5% ARM 2nd Mortgage = 7.0% 2. Yes i am paying interest only 3. 2011 4. 1st Mortgage = $475.000 2nd Mortgage = $91,000 5. I am currently in default

02-24-2009, 09:39 AM	#4 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Aurora Loan Services Since you are not getting anywhere with ALS............... If you are looking to try to modify to a low fixed rate loan and this is the only property that you own..............you may want to try going through the HUD approved non profit agency NACA instead..........their services for the Home Save modification program are free.............. click on the link for the info............... https://www.naca.com/refinance/refinanceTenStep.jsp __________________ Moe Bedard Founder LoanSafe.org "America's #1 Home Loan Forum" LoanWorkout.org "America's # Loan Modification Blog" Get My FREE Loan Modification E-Book \| Please donate to LoanSafe.org \| Loan Modification Training For Attorneys \| Rate Your Mortgage Servicer The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here.

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