Chapter 13 then HOPE Program? - Loan Modification Forum

amcpeake · 01-15-2009, 03:50 PM

Hello,
We are starting Chap 13 process to get our financial picture straight and remove the 2nd mortgage. Our 1st is a crap variable with CIT Group with a rage at almost 9%. What I am hoping is that we have a chance after we start the Chap 13 process to use the HOPE program to get into a real low with a rate/payment we can resonably afford. Any body out their seen any thing to suggest this is even possible?

Thanks,
Ant

Moe Bedard · 01-15-2009, 04:37 PM

since most of the programs are called Hope for one thing or another.......which program are you referring to?

amcpeake · 01-15-2009, 04:42 PM

The HUD Program. I think it is called Hope for Homeowners.

Moe Bedard · 01-15-2009, 06:22 PM

there wouldn't really be an answer to this question just yet with that program...........because out of the 400k that it is supposed to be helping........there have only been around 312 applications nationwide and we have not heard any successes yet.............so I guess once you get your bk underway and your attorney gets the second stripped off.........you will need to, at that time apply.

01-15-2009, 03:50 PM	#1 (permalink)
amcpeake Junior Member Join Date: Oct 2008 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Chapter 13 then HOPE Program? Hello, We are starting Chap 13 process to get our financial picture straight and remove the 2nd mortgage. Our 1st is a crap variable with CIT Group with a rage at almost 9%. What I am hoping is that we have a chance after we start the Chap 13 process to use the HOPE program to get into a real low with a rate/payment we can resonably afford. Any body out their seen any thing to suggest this is even possible? Thanks, Ant

01-15-2009, 04:37 PM	#2 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,931 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chapter 13 then HOPE Program? since most of the programs are called Hope for one thing or another.......which program are you referring to? __________________ 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.

01-15-2009, 04:42 PM	#3 (permalink)
amcpeake Junior Member Join Date: Oct 2008 Posts: 3 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chapter 13 then HOPE Program? The HUD Program. I think it is called Hope for Homeowners.

01-15-2009, 06:22 PM	#4 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,931 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Chapter 13 then HOPE Program? there wouldn't really be an answer to this question just yet with that program...........because out of the 400k that it is supposed to be helping........there have only been around 312 applications nationwide and we have not heard any successes yet.............so I guess once you get your bk underway and your attorney gets the second stripped off.........you will need to, at that time apply. __________________ 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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