Update Option One SUCCESS AT LAST!!!!!!!!!!!!!

[mreedlaw]

Congrats on the news and thank you for the update

Hope the rate freeze/loan mod process continues to go along smoothly.

[elpjohnson]

Well, it's all I can hope for.....a fixed rate for the life of the loan would be great and is what we really need to be able to stay in our home indefinitely. So, thanks Cat and Michael for the responses and positive comments, I will definitely pop in from time to time to keep you all updated on my progress. Marshall has been really great and I would love to hear from anyone else who has hired him to do their modifications.

Take care

[elpjohnson]

**UPDATE**

Today I received an e-mail from Marshall stating that our loan had quite a few violations that were discovered during our audit. He thinks he could use this to negotiate us into a fixed rate for the remainder of the loan.....I know it's not much of an update but I was so excited that I had to share it with you all.

[elpjohnson]

Alright....today has been one of those days, you know the kinda day where you just cannot take the bu%^$*!# any longer WELL that day is today for me! I found out that my interest rate is going from 7.75 to 9.25 in August making our payment go up by $700 or so to $5034 per month with impounds (ouch)! I found that out yesterday but have been thinking about it all day long and have come to one very important conclusion.....WE ARE NOT PAYING OOMC/AHMSI ANOTHER DIME AFTER JULY'S PAYMENT!!! Yes, I am screaming cuz I am not doing it. You know, every day I come to this forum and read the stories about people losing their homes and what they have to go through just to pay their mortgage (ie no McDonalds, no cable, no internet, selling personal items etc, etc.) and putting their payments on credit cards or borrowing money from family members just to get by.....and it makes me so sad that sometimes I cry for others who are suffering so, and I pray that each and every person on this forum can save their homes....I decided today that I am not going to live that way just to pay my mortgage, it's just not worth it to me. I've been feeling this way ever since I found out that I had major violations in my loan docs......if they can't treat me honorably then why should I honor our contract? So, with that being said, I'm going to tell Marshall to play hardball with them and if they still won't negotiate then they can have this frickin' house!!! All 6 acres too!! I'm so tired! I have not given up, I am just mad that we were taken advantage of bigtime......I guess I always knew that and it's why I hired Marshall in the first place. So sorry for the rant but I am just a little pissed today!

PS Cat can you move me to the OOMC section.....I think this fits in better there, thanks so much ;-)

[Cat Damiano]

Erika,

Here you go ..............in the Option One section...........

I hope you get some good news about your modification soon....you deserve it.....you have always been cheering on everyone else...and you worked hard for that 6 acre home......don't let Option One win!!! Fight, Fight, Fight..........

[elpjohnson]

Cat,

Thanks so much (not just for moving this post) but for what you said about me cheering others on and working so hard for my home......it brought tears to my eyes to read that. I do cheer others on because they need support and help during such a difficult and stressful time, it's nice to feel that in return.

You just made my day!!! Bless your heart Cat and thanks for ALL you do around here.....you are a blessing to us all.

Oh, and Option One has the fight of their life on their hands!!!!! I'm just getting started with them!

[RudyJay]

Keep on keep on...the fight.. you deserve to live in YOUR home..rj

[scarednmontana]

Erika, Im sooo sorry what happened...I thought you just got your mod papers and a fixed rate...You have come so far don't give up...

[ls30mv]

Hi!

I just posted my first thread and keep on reading stories here. Quick question: what is QWR? I apologize in advance for not being as savvy as other people on this forum. I just started my loan mod. submission process and have no idea about how it will end. I am a bit scared since I have to go through this all on my own after my ex-hubby gave up and left me due to an uncertainty of the future on the verge of the real estate market collapse. He was the one who did the loan for me since he used to work for a broker. Now I can only guess if he didn't care at the time whether or not I will get screwed or simply didn't know about an upcoming disaster. I appreciate any responses and promise to post any updates about my situation to share it with other forum members.

[elpjohnson]

Hi there.....

I know it's scary going through this process but we are here to help. The QWR is in the homeowner toolbox, you'll find a great example there. You have to have a lot of patience during this process as it can take upwards of 90 days.....

Anyway, welcome and be sure to keep us posted on your progress.....post your updates in your thread so we can keep track of your story and how it's unfolding.

[elpjohnson]

**Update**

Well I just got off the phone with my attorney's office and my negotiator from OOMC (his name is Christopher) and we are in the final stages of negotiation for our loan modification. We went over in fine detail every bit of our financial information......the negotiator assured me that we are in very capable hands and he is definitely looking to help us out. The only problem may be the investor.....apparently they are sort of difficult to deal with. So, keep your fingers crossed and say a prayer for us that this nightmare will finally be over.

Thinking positive thoughts.......I am hopeful.

If they don't want to deal, they can take this house and shove it!!!!!

[Cat Damiano]

Erika,

I hope you get some good news soon!!!!

I am sending (((((((POSITIVE THOUGHTS))))))) your way!!

Good Luck!!

[elpjohnson]

Thanks so much Cat!!!!

At this point I am leaving to the professionals and it's really in God's hands....there's not a whole lot more I can do. It's so scary to have so little control over something so important in your life, that's what is getting to me. We're hangin' in there but I honesty believe that we wouldn't have gotten this far without Loansafe, YOU, Moe and Marshall's office......I don't know where we'd be if I tried to do it on my own......I give everyone who has done it and is doing it on their own credit because it is such a difficult process to go through.

I'll update as soon as I hear anything else!