Are fha loans being modified under new obama plan - Loan Modification Forum

PEACHES_38 · 02-25-2009, 12:06 PM

Can terms of loan be modified with partial claim? Lender is presenting options for loan mod or partial claim, but not a combination of the two. I would like a partial claim and a lower interest rate. Does anybody know the answer to this?

lizzie · 03-03-2009, 06:37 PM

What is a partial claim?

Moe Bedard · 03-03-2009, 07:19 PM

lizzie,

Can you please start a thread of your own in whatever section fits your story the best with the information about which lender that you are working with and also on your loan/loans............

PEACHES_38 · 03-05-2009, 08:28 AM

I have an FHA that is in default. My lender has offered a loan modification, but they are offering a rate of 5.25% and my payments are actually going up. I asked to be considered for the new Homeowner Affordability and Stability Plan and I was told FHA loans are not being modified under this plan. Is this true? I thought FHA was only excluded from refinances under the plan.

Dan Bailey · 03-05-2009, 08:33 AM

http://www.loansafe.org/forum/stop-f...n-options.html

02-25-2009, 12:06 PM	#1 (permalink)
PEACHES_38 Junior Member Join Date: Feb 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Are fha loans being modified under new obama plan Can terms of loan be modified with partial claim? Lender is presenting options for loan mod or partial claim, but not a combination of the two. I would like a partial claim and a lower interest rate. Does anybody know the answer to this?

03-03-2009, 06:37 PM	#2 (permalink)
lizzie Junior Member Join Date: Feb 2009 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Partial claim vs. Loan mod What is a partial claim?

03-03-2009, 07:19 PM	#3 (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: Partial claim vs. Loan mod lizzie, Can you please start a thread of your own in whatever section fits your story the best with the information about which lender that you are working with and also on your loan/loans............ __________________ 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.

03-05-2009, 08:28 AM	#4 (permalink)
PEACHES_38 Junior Member Join Date: Feb 2009 Posts: 4 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Are fha loans being modified under new obama plan I have an FHA that is in default. My lender has offered a loan modification, but they are offering a rate of 5.25% and my payments are actually going up. I asked to be considered for the new Homeowner Affordability and Stability Plan and I was told FHA loans are not being modified under this plan. Is this true? I thought FHA was only excluded from refinances under the plan.

03-05-2009, 08:33 AM	#5 (permalink)
Dan Bailey Loan Safe Moderator & Homeowner Guide Join Date: May 2008 Location: Wilmington NC Posts: 1,407 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Are fha loans being modified under new obama plan http://www.loansafe.org/forum/stop-f...n-options.html __________________ Loansafe saved my home!! I may be alot of things, but I do know the difference between reply and forward.

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