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| Stop Foreclosure and Tell Us Your Story Trying to stop foreclosure alone can be a painful and a depressing process. This section is where you can unite with other homeowners and let out your questions, frustrations and post your whole story. The more we know, the more we can help you stop foreclosure. No one will be judged or criticized for posting their story. |
This is a discussion on HomEq, servicer for US Bank within the Stop Foreclosure and Tell Us Your Story forums, part of the Foreclosure Forum category; So today I received a collection call from a "housing counselor" at HomEq. She explained that at the end of ...
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| Member Join Date: Aug 2008
Posts: 20
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | HomEq, servicer for US Bank So today I received a collection call from a "housing counselor" at HomEq. She explained that at the end of the month, my condo was going into foreclosure. I told her that I hired a law firm to help negotiate with them and she said that it was a waste of money. She said that their policy is to only modify a loan once and since they had mod'd my loan already, no one will be able to help me. She explained that my only option is to either make the payments or short-sell. How could a company be so short sided as to not want to help the homeowner stay in their home? The original modification reset my first mortgage to 5%, but on a crazy unrealistic value. I bought the condo three years ago for $710K. It's now worth $200K according to comps. The "counselor" ended the call by saying good luck with your foreclosure. Wow. |
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| Member Join Date: Jun 2008
Posts: 25
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: HomEq, servicer for US Bank As per the Office of the Chief Exec at Homeq, they will re-modify you if you've made at minimum 9 payments since your original mod. I'm dealing with the same crud from their worthless buttocks right now. Check out my posts.... |
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