Popular Mortgage servicing Inc

[onemore badloan]

Well my mortgage is with Popular Mortgage Servicing Inc.
They are impossible to work with they gave me a mod that is higher than I had so I guess I will continue thet fight for now...
I wonder in October if things will change we will see we are holding out as long as possible...

[onemore badloan]

Has anyone tried to get a loan mod with them I called today and they keep giving me Equity One Mortgage... I asked for Loss Mitigation do you know if this is who I need to speak with?
My payment went from 926.66 to 1333 @7.25% and my second is 406.00 @11.5% I need help... we are sinking fast.
By the way my broker that I trusted inflated our appraisal his friend did the appraisal and my husbands income by $2000.00 a month is this predatory lending if so how do we proceed?
any address for Popular Mortgage Servicing Inc. email or phone numbers..

Thanks

[Moe Bedard]

Was the number you posted for this contact at Popular

Gloria Moyett
Assistant VP Default Administration
1-800-383-2292

not correct?

[onemore badloan]

No they keep telling me to call Equity One!

[onemore badloan]

Well I just talked to Popular Mortgage Servicing Inc they will not work anything out with us because we have a fixed rate as of now they did do that I told them we could not afford the payment but they said that's all we can do. They don't do mods on fixed rates. She said they will start foreclousure next month usless I pay July payment by the 30th and them go on a payment plan which will be $2001 on the first loan and $609 on the second no way can or will I agree to that... Any ideals what to do now...

[Moe Bedard]

If the investor isn't doing modifications on fixed rate loans it is going to be difficult to get anywhere without help...............you might want to try calling back and asking the same question to a different rep and see if they will start the process..........or if you think that you might have some violations in the loan that could give you some leverage depending on what state you are in, you could give a call to the attorneys office and see if they might be able to help you............

Click on the link for more info...............
Free Foreclosure Help, Stop Foreclosure, Short Sales - Loan Safe

[onemore badloan]

I'm going to fax and mail this letter what do you think???



This letter is in response to the letter dated 09/12/2008 it is our full intention to try to save our home.
We need to have our loan remodified or some other plan of action to keep our home.. We were not told we could not modify our loan if it was fixed you have our interest fixed at 7.25% & 11.7% we can’t afford these payments…Our payment went from 906 to $1122.94 & our other payment is 406.26 we cannot pay those payments…..
You have talked of a repayment plan that will not work for us we can’t afford to pay a payment and a half our only option is if you can reduce our loan amount drop the second mortgage or give us a 40 yr mortgage with a lower interest rate like at the current rates….
My home is currently appraised at $130.000 the mortgage you hold is $40,400.00 and $161,599.99 so what do you think our best option is? We owe a total of $201.999.99 what do you think it is only worth $130.000! We want to stay in our home we have lived here for over 20 years but if you cannot give us any options then I guess we will have to let it go…
Thank you for taking your time reading our letter we are pleading with you to please help us keep this home we wait for your reply with the faith that you will try to work with us..

[Moe Bedard]

Good Luck!!