Elderly Mom out of State - Loan Modification Forum

CW California · 03-30-2009, 10:00 PM

This is a separate issue to my problem so I started a new thread.

My elderly Mom, 88, is making payments on a loan at 8-1/2% interest. It's on about 65,000. It's really tough getting the information out of her but sister and I are making progress. She lives on her Social Security only. She doesn't believe she got screwed but I think it's predatory to max out the equity on a little old house and charge her 8 1/2%.

So here's the question. Who could we call to help us with this situation? Would we call NACA and/or get her information all input or would them or some other organization help with a Senior by making a house call? Any ideas are appreciated.

Dan Bailey · 03-31-2009, 04:42 AM

CW cali..
If you contact NACA with her, they will work over the phone with her. Of course, it will require her participation.

CW California · 03-31-2009, 08:58 AM

Thanks Dan
The problem is she is not going to be able or willing at 88 to sit on the phone with NACA. I can't even see her dealing with the voice prompts. I wonder if I can get her information input if I could somehow appeal to some kind soul to call her from NACA via through the counseling appointments.

She got a telephone call from a loan rep with Wells Fargo, her lender, to see if they could "help" her further. She went up to the local office and they are saying she may be able to refinance to FHA. Her house will not appraise out on a regular loan but I am wondering if this could be some other program?

03-30-2009, 10:00 PM	#1 (permalink)
CW California Senior Member Join Date: Feb 2009 Location: SoCal Posts: 1,127 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Elderly Mom out of State This is a separate issue to my problem so I started a new thread. My elderly Mom, 88, is making payments on a loan at 8-1/2% interest. It's on about 65,000. It's really tough getting the information out of her but sister and I are making progress. She lives on her Social Security only. She doesn't believe she got screwed but I think it's predatory to max out the equity on a little old house and charge her 8 1/2%. So here's the question. Who could we call to help us with this situation? Would we call NACA and/or get her information all input or would them or some other organization help with a Senior by making a house call? Any ideas are appreciated.

03-31-2009, 04:42 AM	#2 (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: Elderly Mom out of State CW cali.. If you contact NACA with her, they will work over the phone with her. Of course, it will require her participation. __________________ Loansafe saved my home!! I may be alot of things, but I do know the difference between reply and forward.

03-31-2009, 08:58 AM	#3 (permalink)
CW California Senior Member Join Date: Feb 2009 Location: SoCal Posts: 1,127 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: Elderly Mom out of State Thanks Dan The problem is she is not going to be able or willing at 88 to sit on the phone with NACA. I can't even see her dealing with the voice prompts. I wonder if I can get her information input if I could somehow appeal to some kind soul to call her from NACA via through the counseling appointments. She got a telephone call from a loan rep with Wells Fargo, her lender, to see if they could "help" her further. She went up to the local office and they are saying she may be able to refinance to FHA. Her house will not appraise out on a regular loan but I am wondering if this could be some other program?

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