Those Who Have Made a 4TH Trial Pmt.

[april1980]

I was with Chase for over two years got my trial in May 10, I made over 5 trial payments and all they kept saying was keep making your [payments until you are at final stage than just at the end our loan was sold to IBM. Now today I just got approved with IBM for a trial mod again as e had to start the process over but IBM gets stuff done two weeks and I got into the tral Chase good luck guys I am a legal person in the State of Florida and they just horse you around until they sell your loan I wish all you the best but I thank god I am with IBM and I already hjave terms of a perm mod.

[S-F-P]

I think that the lessons to be learned from all of this mess in the MHA program trials are:
1) If at all possible, apply for the trial very, very early, before you are stuck in a financial corner. I know this isn't always possible. But if there just so happens to be readers out there who think they MIGHT have repayment problems coming up, then start early.
2) Save as much money as you possibly can early. Do absolutely anything to have some spare cash lying around (Again, I know this is unrealistic for many people).
3) Then, if and when you apply for a modification, and enter the trial program, make sure that you have this money set aside to pay the arrears that will accrue and become due, if for any reason the full modification gets denied. Because you will have been accruing arrears whilst on the trial mod.
4) If your full modification ultimately gets denied, then think very seriously about your other options. Whether that would be to pay the arrears or to short sell or foreclose. But at least you'll have the flexibility of some cash. This will give you some manoeverability whilst you decide on your next option.

[luvmyhorse]

YOu left out something important. If you apply for a mod and get denied ( most people do) you will be hit with thousands of dollars of junk fees.

So the best advise is DO NOT APPLY FOR A MOD UNLESS YOU PLAN ON LETTING YOUR HOUSE GO TO FORECLOSURE ANYWAY, BECAUSE THAT IS WHERE IT IS GOING IF YOU APPLY FOR A MOD.

ONLY USE A MOD TO GET MORE TIME IN YOUR HOUSE RENT FREE.

I think that the lessons to be learned from all of this mess in the MHA program trials are:
1) If at all possible, apply for the trial very, very early, before you are stuck in a financial corner. I know this isn't always possible. But if there just so happens to be readers out there who think they MIGHT have repayment problems coming up, then start early.
2) Save as much money as you possibly can early. Do absolutely anything to have some spare cash lying around (Again, I know this is unrealistic for many people).
3) Then, if and when you apply for a modification, and enter the trial program, make sure that you have this money set aside to pay the arrears that will accrue and become due, if for any reason the full modification gets denied. Because you will have been accruing arrears whilst on the trial mod.
4) If your full modification ultimately gets denied, then think very seriously about your other options. Whether that would be to pay the arrears or to short sell or foreclose. But at least you'll have the flexibility of some cash. This will give you some manoeverability whilst you decide on your next option.

[Maurice Bedard]

If you are aware that a HAMP trial is only suppose to go on for three months, and that you owe the difference in payments, you might be able to plan for a denial of the mod. But if you continue to make trial payments, and get more than a couple months behind in what you were supposed to be paying, you won't face the extra thousands in fees if you are aware of the problems and plan for it. Of course, if you are really honestly just barely able to pay the trial payments, and are living at the edge of starvation already, you can easily fall into the foreclosure trap that the banks have turned HAMP into for the unwary. Being in a trial is not a guarantee or even an assurance that a mod will ever be given.

[howcantheydothis]

Good advice, but I applied for a loan modification April 2009... way, way in advance of my ARM adjusting in October 2010- 18 months ahead of time. After 10 trial payments, I recieved my denial letter (just a few weeks ago)... "Missing docs" - doesn't even deserve a response at this point ... It's beyond absurdity.
My ARM loan has adjusted- I have no choice- can't make the payments anymore. Luv is right- trial mod is a scam- think carefully before you sign on.
I'm just *****in (again). Happy Veteran's Day...

[Maurice Bedard]

If you knew back then that you should not have made more than 4 trial payments, it might have helped you.

[bagem788]

I'm in CA and looking for attorney info so I can go after LBPS for constantly sending me default letters even though their "loan workout" department has all my paperwork from Chase. My loan was transfered to LBPS just as I was making my 4th trial payment of the MHA program when with Chase, and I feel like I've already been handed a foreclosure from these people. Thanks.

[Maurice Bedard]

If you made four trial payments, your ARE probably behind and in default. Once your trial is past 3-4 months, it goes back to regular status(even in the workout dept and even under HAMP rules) and the difference between your regular payments and your trial payments becomes due. After 3-4 months, the HAMP trial is over, and if the bank keeps accepting your 'trial payments' it is a bank trial, not a HAMP trial anymore. They won't even tell you because the phone reps at the banks are untrained. They will tell you that you are still in review for HAMP, because that is what they call it until your file reaches a permanent fix or you get foreclosed on. Each reduced payment gets you further behind and a foreclosure could end up being part of a HAMP workout.

If your regular payment is $1200, and your trial payment is $800, each month you get $400 more behind. After a three month trial, you would be one full payment behind($400 a month x 3 months=$1200= one full payment) After 9 months of trial payments, you would be 90 days behind ($400 a month x 9 months= $3600= three full payments.) Once you are 3 full payments behind, they can foreclose unless you pay back the $3600 plus late fees plus any attorney fees, or foreclosure fees. It could add up to more than you can pay, and you can lose your home.

Plus they don't apply trial payments to your account until there is enough to total a regular payment, so since your first trial payment was not enough to make a regular payment, it would not be applied until your second trial payment was added to it. Then you would have it applied, but a month late. So even though you made the first trial payment on time, you were in default immediately because they could not apply it, by law, until your second trial payment came in.

Unless you are sure you qualified for a loan modification, an attorney may not be able to help. If you have made 4 trial payments, you need to call 888-995-HOPE and ask them to make a conference call to get the true status of your loan. The HOPE reps can make a 3 way call to a bank rep that has real access to your file, not just access to the status. If someone has not been approved for a permanent HAMP mod after 4 trial payments, it usually means that they were denied for a HAMP mod, and they are under review for another option, like an inhouse mod maybe, under the HAMP program. Some people sail right through, some have problems. You may not need an attorney, and I would hope you try a free phone call first to the HOPE number.

[shoes123]

hello, i started with tha hamp over a year and a half ago they sent me paperwork telling me to make a payment of $348.50 on my first loan as a trial payment i have made 17 payments on the 1st day of the month for $348.50 i send it in express pay western union so as to keep it straight and give bac no exscuses to deny me 2 months ago they send papers denying me on the reason being i had not made all my trial payments that was of course wrong because i made every single one on time i appealed they agreed i was right and told me to keep making the 348.50 and it was under reveiw so i.m still waiting and calling pretty much weekly i,m on disability only have $1324.00 a month income and with my bills including the trial payment and a second for 196.50 a month i pay out food and all like 1280.00 a month if they set it up for that are a little more than the 348.50 at least i can make it my payment was 599.00 + a little over a hundred more taxs&insur whats taking so long im over 10,000 behind now if they deny me i,m threw mabey bankruptcy i dont know.

[luvmyhorse]

You should try to use paragraphs so what you are sayinig is more understandable. Keep in mind we are all not familiar with your particular situation and it makes it difficult to understand.

I personally think that paying them is a ****er bet, but I don't know your particular loan details. It seems that your loan is pretty low, so maybe you will get your modification in the end, but think carefully about throwing away what little money you have. Do your research.

They are taking so long SO THEY CAN RACK UP MORE FEES to charge you. It's THAT SIMPLE.

hello, i started with tha hamp over a year and a half ago they sent me paperwork telling me to make a payment of $348.50 on my first loan as a trial payment i have made 17 payments on the 1st day of the month for $348.50 i send it in express pay western union so as to keep it straight and give bac no exscuses to deny me 2 months ago they send papers denying me on the reason being i had not made all my trial payments that was of course wrong because i made every single one on time i appealed they agreed i was right and told me to keep making the 348.50 and it was under reveiw so i.m still waiting and calling pretty much weekly i,m on disability only have $1324.00 a month income and with my bills including the trial payment and a second for 196.50 a month i pay out food and all like 1280.00 a month if they set it up for that are a little more than the 348.50 at least i can make it my payment was 599.00 + a little over a hundred more taxs&insur whats taking so long im over 10,000 behind now if they deny me i,m threw mabey bankruptcy i dont know.

[luvmyhorse]

Good advice, but I applied for a loan modification April 2009... way, way in advance of my ARM adjusting in October 2010- 18 months ahead of time. After 10 trial payments, I recieved my denial letter (just a few weeks ago)... "Missing docs" - doesn't even deserve a response at this point ... It's beyond absurdity.
My ARM loan has adjusted- I have no choice- can't make the payments anymore. Luv is right- trial mod is a scam- think carefully before you sign on.
I'm just *****in (again). Happy Veteran's Day...

HOWCANTHEYDOTHIS? GOOD QUESTION? In 3rd world America they can do whatever they want, because people are complacent and won't do anthing about it. I have been trying to get a march together for 9 months. Of all the people I have interacted with I have 4 people who have tentatively agreed.

THAT'S HOW THEY CAN DO WHATEVER THEY WANT.

IF WE ALL PROTESTED WE WOULD WIN, if we all sit on our couches eating chips and *****ing on line, we may as well just give them the keys.

HAPPY VETERANS DAY.

[olegirl00]

I sent this letter to the executives @ WFHM with regard to my "pending trial period"
Really need help here. We just got a denial letter and a bill saying we owe $14,000!!!!


>In March of this year were approved to be a part of the HAMP program, which has thus far allowed us to continue making affordable payments of our mortgage. This has been a godsend to both my husband and me. Since we have finished the trial period in what I believe is June, we've been making the same modified payments. Additionally, when we call the Loss Mitigation department, we are repeatedly told that we are in REVIEW. Always in Review. The phone number I always call to discuss our account is 866-644-1569.

My husband is the main person on the account, and was unfortunately one of the many people who lost their job many, many months ago. Since then, we've solely relied on my full income (in addition to rental income) to make every payment we've made to Wells Fargo and at this point we are extremely frightened that this process has caused my husband's FICO score to go down drastically. I also read that nobody with under a 600 would ever be approved for a modification. If this is true, then it is only Wells Fargo's fault for causing this travesty. If this is true, then I hold all of the customer service representatives and all processors and all of you accountable for neglecting to tell us of this pertinent information.

Up to this point, we've been extremely cooperative with your company. We have given every single customer service representative employed by Wells Fargo the utmost respect and consideration with regard to our loan status. We have provided ample paperwork (employer earnings, hardship letters, financial worksheets) every time for which they've been asked of us.

I have received and have placed calls to the Loss Mitigation department on multiple occasions, and have again, been extremely cooperative with everyone with whom I've spoken. Whenever something is requested of me, I always follow through, making sure the Loss Mitigation department receives all requested paperwork. Thus, we've always faxed them on time, with no issue. The bottom line is this: we don't want to lose our home. We do not want to foreclose, nor do we wish to short sell. Neither of these processes would be beneficial to your bank, as this home has significantly decreased in value due to the poor economy, additionally, we've begun some construction projects (kitchen remodel) which have not been finished. If you were to take our home from us, you would have to put at least $50,000 into the home just to get it sold.

Here's where it gets interesting, and where I naturally become rather suspicious:

Just this past July I was hired at a new company, and on multiple occasions (sometimes 4-5 times a week, even on Saturdays) have mentioned this pertinent information to every single customer service representative with whom I speak or to those who call me 4-5 times a week.
Every time I tell them about my updated employment information, they respond by informing me I should fax over my pay stubs to prove that you are receiving income. So I do.

I received my first phone call from a gentleman named Antwone Hancock on the 24th of August. Actually, it was a voicemail sent to me requesting a call back to his office. His direct line is 803-806-6832. The number is from Columbia, South Carolina.
At the end of the day, I called this number back, but was only able to leave another voicemail.
I will note that his voice mail message states his name, the current date, and the fact that he will return all calls by the end of business day.

Please let me inform you that I have called and left messages on numerous occasions, and have NOT ONCE received a courtesy call from Mr. Antwone Hancock or anyone in his office. I eventually learned from one of the HAMP customer service representatives that this man is our loan processor. Must be a very important man to not return phone calls, or to even have someone else return them for him.
Mr. Antwone Hancock has, to this day, NEGLECTED to return ANY of my phone calls (messages), even though his voice message states that he will return calls by the end of the day. This is terrible customer service. Absolutely terrible.


Conversation 1:
August 31, 2010, I called the Loss Mitigation department to check on the status of my loan. I was told that a new hardship, earnings, rental income bank statement needed to be received. Yet again. So, like I normally do, I fax this to the Imaging department so it can be reviewed by any one of the people working on my account. The conclusion of the conversation with the customer service representative as usual, always concludes the same way: I ask what I should do next, and the CSR replies with "please call us in a week to check on the status".
I do not have any idea how many times I have been told that information.

Conversation 2:
September 8, 2010, a week later, I placed a call to Mr. Hancock at the (803) 806-6832 number and was again diverted from his voicemail which notified me that he was in "training" until Wednesday of next week.
At this point, my head starts to spin, and I begin to think that this person doesn't even work for Wells Fargo and that his identity is a cover for people like me.

I end up speaking with another person in the Loss Mitigation department to find out what had happened with my account after I had faxed over the paperwork requested of me on the 1st of September. It is my neglect for not taking down the names of each CSR with whom I speak, but most of the time I am on the road when I call and cannot write anything down. I wish I had gotten her name.

The girl with whom I spoke that morning (approximately 8:30) informed me that I was no longer in the HAMP program.
My jaw dropped and tears came streaming down my cheeks.
I was utterly flabbergasted. I composed myself and asked "WHY is this even possible? Your mortgage company has received every, single piece of documentation requested of us, on multiple occasions nonetheless".
She proceeded to inform me me that the paperwork I faxed over on September 1 was sent in too late.
TOO LATE?? According to WHOM??, I asked.

Mind you, not at any point in time was I EVER told there was a deadline to where this "elusive" paperwork had to be received by the Loss Mitigation department. Never. Not even once. I never even received any notification via USPS requesting me of this information.

The call concluded with the fact that I had to go to work and that I would call back later in the day.

Conversation 3:
September 8, 2010 occurred approximately 12:30PM with a supervisor (thank goodness my call got escalated to her).
Her name is Kelly and her ID# is C7I (as in Igloo)
THankfully I was able to take down her information.
I explained to her that I had been given the runaround from every person with whom I had spoken at Loss Mitigation. I informed her of the news I received earlier that morning, and she proceeded to tell me that I had been "kicked out" of Loss Mitigation because of missing paperwork.
Again, I tell her the same story I told the girl earlier in the morning that NOBODY told me I was missing paperwork.

For the first time, Kelly was able to search my account and LO AND BEHOLD, because I had gotten a new job, she told me I needed to VERBALLY tell someone at Loss Mitigation. Again, I was flabbergasted, simply because I had, in fact, informed every single CSR at Loss MItigation with whom I have spoken since I got employed in JULY that I had gotten a new job. Every time, they request me to send in my employer earnings report. Which I do.

Kelly (a "supervisor", from what I was told) informed me that because I got a new job, I needed to update my financial information with a person Verbally. So, as of September 8, 2010, my information has been received by the Loss MItigation department and your computer systems should have our most updated information to proceed with our loan modification.

Conversation 4:
September 8, 2010
6:30PM
I call the Loss Mitigation department to check on the status of my loan. A young woman suggests I call back in a week. No update. I hang up.


Conversation 5:
September 10, 2010
I call once more to the Loss Mitigation department to check on the status of my loan. Despite the fact the young woman with whom I spoke on Wednesday evening told me I should call in a week, I called 2 days later instead.
Again, since I was driving, I was not able to get the young man's name. He didn't seem particularly interested in speaking with me, he had a low drone of a voice, and was not at all informative.
I did most of the talking, and he really didn't respond, either he was too tired, or just not interested at all in what I had to say. Terrible customer service.

Conversation 6:
September 10, 2010
Friday evening, I sent a somewhat curt, but proper message for Mr. Hancock on my way home from work, informing him of my distaste in the way he conducts business, and have informed him that I feel as though I am getting the runaround from him.

LETTER received September 10, 2010 dated September 1, 2010,
Informs my husband and me that we were not approved for the HAMP program. While I know I have had multiple conversations with the CSRs and Supervisors at Wells Fargo during the past 9 days, my husband about has a heart attack and says a letter is more evidence than multiple phone calls to random representatives, regardless of what they tell you. I am inclined to agree with him.

Conversation 7:
September 11, 2010
Spoke with Sierra at a Wisconsin-based Wells Fargo office with regard to my account. Had actually missed the call from the particular number 612-312-8585 earlier Friday. Apparently someone from that office had called us with regard to the status of our account. I had to explain to Sierra the whole situation that had gone awry thus far, and she suggested I call back on Wednesday to see if any progress has been made.


----

At this point, I feel as though I am being given the runaround. We've done everything we can do to make this process seamless and without error. I've followed through with everything that's been asked of me by the employees at your company.
The letter we received Friday evening was icing on the cake. It states that a "Notice which listed the specific documents we needed and the time frame required to provide them was sent to you more than 30 days ago"

THIS IS NOT TRUE. We never received any formal letter asking me for any documentation. Every piece of documentation sent to you was per the request of an actual representative of Wells Fargo, via the telephone.

It may be easy for you because you more than likely own multiple homes, with no payment whatsoever. Very disconnected with the average person, I'm sure. But I would think that at some point in time, you were an average person, wishing to live a happy life, have a home, have a family. You may be rich now, but you were young at one point, and I am sure at some point you struggled. If the economy was not the way it is, we would not be in this predicament.
Please keep in mind, we never at any point in time went into default. We made a preemptive move and contacted the loss mitigation department before all of our savings ran out. We never fell behind on our normal payments. We were trying to be responsible.

We wish to figure out what is to happen with our home loan. While I realize you personally may not look at our documentation, I would request that you escalate this issue to someone other than Mr. Antwone Hancock (who really needs to be reprimanded on his poor customer service skills). We'd like this issue to escalate so that we are no longer in LIMBO. We feel we are hanging by thin threads at this point, never reaching any positive conclusion.

[Maurice Bedard]

You need to read every post in this entire thread, and read every post I have written. Click on my name and then click on posts. I give detailed advice multiple times on how to take care of issues with the servicer denying a mod for an invalid reason.

[olegirl00]

Thanks ******. I've read through a number of them. I am going to call the HOPE hotline Monday -- I called Saturday evening, but nobody was available to take my call. I can afford my trial payment, maybe $400 or$500 more. I brought down some of my existing payments, no longer have internet, cable, etc... We buy in bulk at Costco now, so grocery store trips are not as prevalent. If I tell them this stuff, will they reconsider? I just hate getting the runaround. Nobody knows anything there. Last night, I sent yet another email to a number of WFHM executives explaining my plight. Hopefully I will get some sort of response, as this is getting extremely ridiculous.

I will ask them if they will do an in-house mod or a HAMP backup mod. I've got another number -- HAMP escalations that was posted above as well and will attempt to call that tomorrow.

[borellidennis]

I know what you mean. I've tried to get a loan modification with Wells Fargo, filling out all the paperwork and sending in reams of stuff..all with no answer.

[Maurice Bedard]

Before you can challenge a denial, you need to get the reason. This is imperative in challenging the denial. It is entirely possible that the denial was completely valid, and you need to start making decisions based on that. Once you get a reason for a denial, you need to be able to figure out if it is valid or not. This involves a lot of research, and some basic math skills. If you are not proactive, and persistent, you can easily lose your home, and you will blame the bank, instead of realizing it is your own fault for being uninformed.

All the info is on this site- links to websites, lists of emails addresses, phone numbers for HAMP escalations, etc.

olegirl- telling the reps at Wells Fargo that you have reduced expenses is like talking to a cat. They don't give a damn. You need to know what the guidelines are for HAMP, and what you qualify for under the program, or if you qualify at all. You need to learn the HAMP handbook frontwards and backwards almost to be able to tell them why you should get the mod.

If they claim to have sent a notice you never received, you need to challenge the denial based on that alone. Failing to provide all the documentation could permanently disqualify you if you let it go. You need to tell the HOPE rep that fact. They also don't care where you shop, or what your expenses are. Expenses have almost nothing to do with a HAMP mod. Income and housing costs are basically it.

[donna0811]

I have received a final Modification with Chase. The payment was originally $1202.17, it then went up to $1390.20. Today I called to see if they received the bank info for an automatic withdrawal from my account. I was told I have to send the payment by Cashier's check for the next 3 months. The new final payment is $1475.14. This is only 229.00 less than we were originally paying. I thought the payment was supposed to be 31% of your present income. This is way above that. I also have a 2nd mortgage with Suntrust Mortgage. Suntrust tells me they have never heard of the 2mp program. Our home is underwater and I want to have the 2nd extinguished. Where can I get some help with Suntrust? I can't believe these companies can get away with this abuse!!!! We are now stuck with this payment because our credit is damaged and we cannot refinance.

[Hard Times]

You sure this is a "final" mod, and not a "trial" mod? Sounds odd that they want you to send the first "three" payments by cashier's check. Maybe they will just make up an excuse to deny your modification after you make another 3,4,5 or more payments. Sounds like they are playing a game....only 229 less than your original loan, and no where near the 31%? (I hope this campaign called "Crash JP Morgan, Buy Silver" takes this bank down.).

[donna0811]

I went online yesterday and saw that my payment was again at $1390.20. I have final mod papers signed by Chase. I will be calling Chase on Monday to see what the actual payment is supposed to be. Also why I need to send the payment by cashiers check when I signed up for auto withdrawal from my account. I have been dealing with these people for over 2 years now. I got absolutely no where until I emailed the Executive office of Jamie Dimon. About 2 days after my email I was contacted by Jody Swenkel from the Executive office who assigned someone to my case. This is the only way to get anything done with these people. DO NOT go throw the customer service they don't know what the h*** they are doing. I am hopeful that I am at the end with Chase. Now I need to get rid of my 2nd Mortgage with Suntrust. From what I hear on this blog they are worse to deal with than Chase. Here we go again. I will post again when I get an answer on Monday.

[kungfufreddy]

I have actually been denied 3 times by EMC since the summer.

First time I got a generic denial letter stating missing docs. I had to call to find out what they were asking for. Turned out I had a lien (in 15 months no one at EMC ever brought to my attention), they wanted a letter of satisfaction. I got the lien cleared quickly, resubmitted a fully doc'd package including letter of satisfaction.

A month latter I get another denial letter. This time it says "failed to sucessfully complete trial mod period". Again I had to call to find out the meaning in the generic letter. I was told my wifes pay stubs were unnaceptable as income proof. (as if Im a mind reader and I should have known stubs from her employer were unnaceptable). I submit copies of cancelled checks going back 3 months as well as a letter from her employer.

Yesterday i got a phone call from EMC stating my mod was denied again. This time they say the dollar amount they would have to put to the back end of the loan is unnaceptable and they wont do it.

End of the line, choices are either pay up $40,000 arrears, sell my house or be forclosed.

I need real help on this. This has been a brutal process filled with lies and misleading statements from EMC. I did my part. I paid in full in certified bank check each month. I provided every doc they asked for as soon as they asked for it. Now they say being in the trial plan is no guarentee.

[luvmyhorse]

First of all, know that you are not alone. You did nothing wrong... we all believe you followed through, sent all your paperwork and followed their rules. Why do we believe you? Because we all did the same thing. I believe the governement is to blame. They gave the banks permission to stomp on the people. To use them, and squeeze every last bit of life out of them, then when they are at the end of the line, cast them aside.

You are just a cog... nothing more.. so work hard on not taking it personally.

Provide more information. Have you been in a trial? Have you made the trial payments? Were you behind when you started? Do you have any equity in your house? If not how far underwater are you? What state are you in?

I have actually been denied 3 times by EMC since the summer.

First time I got a generic denial letter stating missing docs. I had to call to find out what they were asking for. Turned out I had a lien (in 15 months no one at EMC ever brought to my attention), they wanted a letter of satisfaction. I got the lien cleared quickly, resubmitted a fully doc'd package including letter of satisfaction.

A month latter I get another denial letter. This time it says "failed to sucessfully complete trial mod period". Again I had to call to find out the meaning in the generic letter. I was told my wifes pay stubs were unnaceptable as income proof. (as if Im a mind reader and I should have known stubs from her employer were unnaceptable). I submit copies of cancelled checks going back 3 months as well as a letter from her employer.

Yesterday i got a phone call from EMC stating my mod was denied again. This time they say the dollar amount they would have to put to the back end of the loan is unnaceptable and they wont do it.

End of the line, choices are either pay up $40,000 arrears, sell my house or be forclosed.

I need real help on this. This has been a brutal process filled with lies and misleading statements from EMC. I did my part. I paid in full in certified bank check each month. I provided every doc they asked for as soon as they asked for it. Now they say being in the trial plan is no guarentee.

[kungfufreddy]

I have been in the trial plan since July 2009. I have made all payments since then in full on time in certified bank check. I was about 7 months behind when I started the MHA program.

My loan is 280,000 and my house is worth 308,000. With the $40,000 I am behind with arears, penaties and foreclosure fees it puts my homes value less than owed. EMC said they were unwilling to put $40,000 to the backend.

I live in NY.

[Hard Times]

Kungfufreddy.......Yes, I know fully what you have gone through, as I have been screwed with for over 2 years with Wamu/JPMorgan Chase. These idiots lie and make up anything to deny us.....first, with the Trial Mod, and now with the Perm Mod......deceit and lies is all I get.

I made 4 Trial Payments and then was told to stop, since the Perm. Mod would be finalized right away........yes, right....sure, whatever you say. It has been 6 months, and still no Perm Mod.

I have gotten fed-up with these scumbags, and this week I finally sent a 7 page QWR "Qualified Written Request", demanding that they provide me answers to many detailed questions. I wrote the QWR in two parts......the first part were questions regarding the original loan docs, procedures, etc.; and the second part were questions regarding Chase's lies and mistakes during this 2 year period of my modification process.

I see that the courts are leaning more and more in favor of the homeowner, and if Chase does not have standing or cannot establish ownership or legal right to foreclose, it seems that their best option is to negotiate a reasonable modification with me. Recently, WAMU admitted to losing millions of loan documents when moving document storage to Mexico. So, it is probable that Chase now has thousands of loans which they legally do not own.

From what I have heard, Chase will ignore the mandate to acknowledge receipt in 20 days, and most likely will just ignore my QWR. I will keep sending QWRs at the end of each time period, and they will be fined $1000 per QWR when I see them in court.

Good luck with your efforts.

[olegirl00]

Greetings all! An update on my status. Day before Thanksgiving WF tells me I've been denied for HAMP because husband does not have income.
Freddy Mac (possible underwriter) won't consider my income toward modification. Not once did WF tell me that he needed to find a consistent paycheck within the 8 months we were "in review". Not once. Needless to say, we've set ourselves up for the forbearance agreement of a 3 month increased payment (which we can pay just fine) and a balloon payment of 11 grand at the end of March. They told us that we would be able to negotiate the balloon payment when the time comes.

Just wondering if my husband gets a job or somewhat of a paycheck within the next month, how would WF handle it ? Would they consider that as a good step toward fixing the mess they started?

THoughts?

[luvmyhorse]

no but maybe you could delay the inevitable?

They also called me with a denial day before Thanksgiving. I think they plan it that way.

I was able to get the loan back in appeal, but I expect another denial the day before chirstmas...

Greetings all! An update on my status. Day before Thanksgiving WF tells me I've been denied for HAMP because husband does not have income.
Freddy Mac (possible underwriter) won't consider my income toward modification. Not once did WF tell me that he needed to find a consistent paycheck within the 8 months we were "in review". Not once. Needless to say, we've set ourselves up for the forbearance agreement of a 3 month increased payment (which we can pay just fine) and a balloon payment of 11 grand at the end of March. They told us that we would be able to negotiate the balloon payment when the time comes.

Just wondering if my husband gets a job or somewhat of a paycheck within the next month, how would WF handle it ? Would they consider that as a good step toward fixing the mess they started?

THoughts?

[Victoriouswon]

I paid 5 trial payments and was turned down for a mod! they wanted me to keep paying (before I found out I was denied) but I refused! and then they denied me for NOT making the 3 trial payments I agreed to. Total mafia tactics! They ****!

[luvmyhorse]

well said, Mafia TACTICS!

And yes they do ****!

UGH another Christmas with now peace of mind. Maybe next year will be better... after we are all homeless but not fighting this battle.

I paid 5 trial payments and was turned down for a mod! they wanted me to keep paying (before I found out I was denied) but I refused! and then they denied me for NOT making the 3 trial payments I agreed to. Total mafia tactics! They ****!

[donna0811]

Just received a letter from Suntrust telling me they want to help me. I am only 1 month late on my payment. It is a form letter and states they may be willing to accept less than the total amount owed. Since it has only been 1 month should I call them or should I let it go longer in hopes they might be willing to settle for less later. I owe 39,000 at 8.375%. Any advice would be appreciated. I believe my home is under water by more than what I now owe Suntrust. Does that make the 2nd unsecured?