Can I do a Loan Mod when I messed up - Loan Modification Forum

gophermn · 03-25-2009, 09:05 PM

Ok a little history. My CH7 was closed about a year ago and it seems my home did not get reaffirmed. Either they never sent the papers or I never sent them in, nonetheless my home never got reaffirmed so the last year I have been making payments (on time) and not getting any credit for it because well, once you file BK the mortgage company can not report anything to my credit report.
So to someone like you, it looks like my house was included in CH7 when it really wasn't. I am (if you will) been making payments in good faith and on time.

So if I am on time with payments but my home was not reaffirmed can I still receive a loan modification through Obama's magic plan? I can tell you that my house is BY FAR not worth what I owe and I am well over that 38% monthly income that I think this program is trying to help.

Any ideas?

Moe Bedard · 03-25-2009, 11:27 PM

This is something that you will need to check with the bk attorney that helped you.

03-25-2009, 09:05 PM	#1 (permalink)
gophermn Junior Member Join Date: Mar 2009 Posts: 1 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Can I do a Loan Mod when I messed up Ok a little history. My CH7 was closed about a year ago and it seems my home did not get reaffirmed. Either they never sent the papers or I never sent them in, nonetheless my home never got reaffirmed so the last year I have been making payments (on time) and not getting any credit for it because well, once you file BK the mortgage company can not report anything to my credit report. So to someone like you, it looks like my house was included in CH7 when it really wasn't. I am (if you will) been making payments in good faith and on time. So if I am on time with payments but my home was not reaffirmed can I still receive a loan modification through Obama's magic plan? I can tell you that my house is BY FAR not worth what I owe and I am well over that 38% monthly income that I think this program is trying to help. Any ideas?

03-25-2009, 11:27 PM	#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: Can I do a Loan Mod when I messed up This is something that you will need to check with the bk attorney that helped you. __________________ 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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