AHMSI SUCCESS!! Thank You LoanSafe!! - Page 2 - Loan Modification Forum

GirlsMom · 03-21-2009, 01:47 PM

Did Rosa give you any indication as to how things look for you? I'm just a wreck over this whole thing.

hucordov13 · 03-21-2009, 02:21 PM

hey....i feel the same way. I hope that they do help all of us!

Rosa said that it take about 2 weeks to get an update after everything has been submitted for reiew. She said that although i have a good rate of 6.3% on my 1st she was going to try to reduce it to a fixed rate. she also mentioned that she was going to also try to lower my 2nd mortgage because its @ 10.9. our payment a month is 3675.00 we are dying with this payment.

i know this process is anxiety provoking but we are doing everything we can. please stay in touch. If i dont hear from Rosa in 2 wks, I will then be kncking on her door!!!!! I was encouraged to get some legal assistance with this loan mod....but I am going to give hem opportunity to work with me first. If they dont modify the loan then I will take it to the next level.

The great thing is that we are in touch with the right people...like Jeanne Drake team and of course this forum. Best of luck. I will keep an update regading my situation.

-h

GirlsMom · 03-21-2009, 02:24 PM

Thanks for the response. I love this forum. I've gotten such great advice and the support of people like you. Knowing we're not alone is empowering. Good luck!

hucordov13 · 03-21-2009, 02:27 PM

once i hear from rosa....i will post my update. best wishes

GirlsMom · 03-23-2009, 12:19 PM

I spoke with Rosa today who said that all our paperwork is in order. She is just waiting on tax and escrow info so she can submit it for approval. I told her that I could make a partial payment for this month but she told me to hold off. She hopes to have the whole thing worked out by the end of this month!!!! I'm keeping all digits crossed!

mama392 · 03-23-2009, 08:09 PM

By the end of the month?? I've been waiting since Feb for mine to go through. My last update from Bob France was he was waiting for Tax & Escrow information and that could take 30-60 days!!!! I emailed him on Friday for a status update (it's been about 3 weeks since he said they were waiting on tax & escrow) I still have not heard back anything. Good luck to you I hope it's faster then mine is going

Kirby'sMom · 03-24-2009, 11:42 AM

I was origanlly told two weeks, and when I called back the end of last week, told one more week, which would make it two total. They were waiting for the tax and escrow info, too. I really hope it can be all done by the end of the month.

GirlsMom · 03-31-2009, 06:26 PM

Well, I've been calling Rosa the last few days but haven't spoken to anyone. Looks like this isn't going to be done in March. Hope we get good news soon.

hucordov13 · 03-31-2009, 08:44 PM

Hey Girls Mom.........Me too......i tried to call Rosa just to get an update and keep getting her voicemail. So i decided to call Lindsey and like always she has been very helpful. She looked up my file and gave me the status. We are waiting for taxes and escrow fees. She said that we should know something in about 2 weeks so this friday will be 2 weeks. I will be calling her this friday. I know this process is nerve wrecking. I am counting the hours/days. Yup March is over .now we are going into April. Forgot to mention....Lindsey said that because we owe our property taxes from last year ahmsi might be able to tie it into my loan......well take care of yourself and keep us posted as things come up with your situation.

-h

hucordov13 · 04-02-2009, 04:00 PM

I called today and got some tentative figures....read my thread for details. I couldnt get through to my nego. she must be swamped with work. As we speak its going through "approval process" whatevr that means. thanks
-h

GirlsMom · 04-03-2009, 01:30 PM

An update: Just spoke with Rosa McZeil. She said that she got the escrow figures back today and submitted the mod for approval. She was really optimistic about it being approved and said that we should have word one week from today.

hucordov13 · 04-03-2009, 09:56 PM

hey........that is awesome. Best wishes for you and the family. I calld today and missed her call. I will be calling first thing monday morning. stay in touch!

alleykat012171 · 04-05-2009, 03:45 AM

Hello, I see that everybody here is talking about a surplus. Should you show a surplus from your current expenses and current mortage payment before loan modification? and if so is this surplus from your gross or net income?

hucordov13 · 04-05-2009, 11:46 AM

Hi alleykat012171,
Im not too sure of the guidelines...I believe *** knows more about this. Regarding my situation....I showed/have a + surplus from my net income, current expenses of about 200 bucks. Hope this helps. take care
-h

bjc0177 · 04-06-2009, 07:57 AM

Sounds like progress... Good Luck!! I am also waiting on escrow and tax information in order to move forward.

GirlsMom · 04-13-2009, 10:34 AM

Awesome news!!!! I just spoke with Jeanne Drake's assistant, Lindsey and she told me that we've been approved! She said that I'll be starting at 3.2% and going to 5% which I guess means 3.2 for the first year? LIndsey wasn't sure but gave me the dollar amounts. My payments are being reduced by $1500/ month to $2358:
$1658 (P & I)
703 (taxes)
That's a payment I can make! I am so emotional right now that I cannot explain how grateful I am to this forum and the folks in Jeanne Drake's office. I know that I NEVER would have gotten as far as I did without the invaluable advice and the unwavering support that I have garnered from this website. I told Lindsey that I read only good things about her at Loan Safe and she was so excited!
I will update when I receive the actual documents which I should receive this week.
Keep the faith!

Moe Bedard · 04-13-2009, 10:48 AM

Congratulations!! Great News!!

Please let us know when you receive your docs..........

bjc0177 · 04-13-2009, 11:21 AM

Congratulations, to you and your Family GirlsMom, That is wonderful news.

myredrobbin · 04-13-2009, 02:42 PM

That is awesome news GirlsMom Congratulations on you approval!

frazzeled · 04-13-2009, 07:30 PM

Congratulations on your approval.

Suggestions anyone? I faxed over my hardship letter to both offices on 03-31-09 and recived a voicemail on 04-07-09 from Rosa, asking me to please call because she would need more documents. Since then I have called back 4 times and have only left 2 voicemails. What should my next step be?

GirlsMom · 04-13-2009, 07:43 PM

I think that I would call Jeanne Drake's number 949-784-6011, if you haven't already done so. Her assistant, Lindsey, told me today that Rosa is swamped, but Lindsey was able to give me the info that I needed.
Best of luck to you!

frazzeled · 04-13-2009, 08:27 PM

Thank you, for the info. I will call again to Jeanne Drake. When you sent your hardship letter in, did you mention that you take care of your brother who is ill? My mom has pancres and lung cancer, but she does not live with me but I do help tremendously with her expenses.

GirlsMom · 04-13-2009, 08:45 PM

Yes, I did put that in my letter. I kept it brief: my brother is ill and we have incurred a steady stream of expenses related to his illness.
I'm so sorry about your mom... I will keep her in my prayers.

GirlsMom · 04-14-2009, 06:33 AM

frazzeled...I also mentioned, specifically, what my brother's illness is. Good luck!

GirlsMom · 04-14-2009, 07:29 AM

Just received my docs...here is the breakdown:

Loan Mod Agreement (Providing for Step Interest Rate):

Loan moved from adjustable to fixed rate loan
1st year's interest - 3.25%
2nd 4.0%
3rd 4.25%
From 2012 - 2036 5%

New P&I $1658
Tax 703
Ins 227
Total Payment $2589

I've left a message for Rosa because I have a couple of questions. Why is the insurance payment included in my monthly payment to AMHSI? I pay $227/month for my homeowners insurance so I don't know if this is an error.
There's also a statement that reads: You may be required to make a contribution in the amount of $3583 within 3 days following execution of the mod docs. My first payment is due June 1.
The $3583 would be a problem. Does anyone have experience with this? Do you think this could be negotiated?

03-21-2009, 01:47 PM	#26 (permalink)
GirlsMom Senior Member Join Date: Mar 2009 Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Did Rosa give you any indication as to how things look for you? I'm just a wreck over this whole thing.

03-21-2009, 02:21 PM	#27 (permalink)
hucordov13 Senior Member Join Date: Mar 2009 Posts: 40 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! hey....i feel the same way. I hope that they do help all of us! Rosa said that it take about 2 weeks to get an update after everything has been submitted for reiew. She said that although i have a good rate of 6.3% on my 1st she was going to try to reduce it to a fixed rate. she also mentioned that she was going to also try to lower my 2nd mortgage because its @ 10.9. our payment a month is 3675.00 we are dying with this payment. i know this process is anxiety provoking but we are doing everything we can. please stay in touch. If i dont hear from Rosa in 2 wks, I will then be kncking on her door!!!!! I was encouraged to get some legal assistance with this loan mod....but I am going to give hem opportunity to work with me first. If they dont modify the loan then I will take it to the next level. The great thing is that we are in touch with the right people...like Jeanne Drake team and of course this forum. Best of luck. I will keep an update regading my situation. -h

03-21-2009, 02:24 PM	#28 (permalink)
GirlsMom Senior Member Join Date: Mar 2009 Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Thanks for the response. I love this forum. I've gotten such great advice and the support of people like you. Knowing we're not alone is empowering. Good luck!

03-21-2009, 02:27 PM	#29 (permalink)
hucordov13 Senior Member Join Date: Mar 2009 Posts: 40 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! once i hear from rosa....i will post my update. best wishes

03-23-2009, 12:19 PM	#30 (permalink)
GirlsMom Senior Member Join Date: Mar 2009 Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! I spoke with Rosa today who said that all our paperwork is in order. She is just waiting on tax and escrow info so she can submit it for approval. I told her that I could make a partial payment for this month but she told me to hold off. She hopes to have the whole thing worked out by the end of this month!!!! I'm keeping all digits crossed!

03-23-2009, 08:09 PM	#31 (permalink)
mama392 Member Join Date: Dec 2008 Posts: 29 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! By the end of the month?? I've been waiting since Feb for mine to go through. My last update from Bob France was he was waiting for Tax & Escrow information and that could take 30-60 days!!!! I emailed him on Friday for a status update (it's been about 3 weeks since he said they were waiting on tax & escrow) I still have not heard back anything. Good luck to you I hope it's faster then mine is going

03-24-2009, 11:42 AM	#32 (permalink)
Kirby'sMom Senior Member Join Date: Feb 2009 Location: Oshkosh, WI Posts: 96 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! I was origanlly told two weeks, and when I called back the end of last week, told one more week, which would make it two total. They were waiting for the tax and escrow info, too. I really hope it can be all done by the end of the month.

03-31-2009, 06:26 PM	#33 (permalink)
GirlsMom Senior Member Join Date: Mar 2009 Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Well, I've been calling Rosa the last few days but haven't spoken to anyone. Looks like this isn't going to be done in March. Hope we get good news soon.

03-31-2009, 08:44 PM	#34 (permalink)
hucordov13 Senior Member Join Date: Mar 2009 Posts: 40 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Hey Girls Mom.........Me too......i tried to call Rosa just to get an update and keep getting her voicemail. So i decided to call Lindsey and like always she has been very helpful. She looked up my file and gave me the status. We are waiting for taxes and escrow fees. She said that we should know something in about 2 weeks so this friday will be 2 weeks. I will be calling her this friday. I know this process is nerve wrecking. I am counting the hours/days. Yup March is over .now we are going into April. Forgot to mention....Lindsey said that because we owe our property taxes from last year ahmsi might be able to tie it into my loan......well take care of yourself and keep us posted as things come up with your situation. -h

04-02-2009, 04:00 PM	#35 (permalink)
hucordov13 Senior Member Join Date: Mar 2009 Posts: 40 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! I called today and got some tentative figures....read my thread for details. I couldnt get through to my nego. she must be swamped with work. As we speak its going through "approval process" whatevr that means. thanks -h

04-03-2009, 01:30 PM	#36 (permalink)
GirlsMom Senior Member Join Date: Mar 2009 Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! An update: Just spoke with Rosa McZeil. She said that she got the escrow figures back today and submitted the mod for approval. She was really optimistic about it being approved and said that we should have word one week from today.

04-03-2009, 09:56 PM	#37 (permalink)
hucordov13 Senior Member Join Date: Mar 2009 Posts: 40 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! hey........that is awesome. Best wishes for you and the family. I calld today and missed her call. I will be calling first thing monday morning. stay in touch!

04-05-2009, 03:45 AM	#38 (permalink)
alleykat012171 Member Join Date: Apr 2009 Posts: 16 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Hello, I see that everybody here is talking about a surplus. Should you show a surplus from your current expenses and current mortage payment before loan modification? and if so is this surplus from your gross or net income?

04-05-2009, 11:46 AM	#39 (permalink)
hucordov13 Senior Member Join Date: Mar 2009 Posts: 40 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Hi alleykat012171, Im not too sure of the guidelines...I believe *** knows more about this. Regarding my situation....I showed/have a + surplus from my net income, current expenses of about 200 bucks. Hope this helps. take care -h

04-06-2009, 07:57 AM	#40 (permalink)
bjc0177 Senior Member Join Date: Mar 2009 Location: San Antonio, TX Posts: 35 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Sounds like progress... Good Luck!! I am also waiting on escrow and tax information in order to move forward.

04-13-2009, 10:34 AM	#41 (permalink)
GirlsMom Senior Member Join Date: Mar 2009 Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Awesome news!!!! I just spoke with Jeanne Drake's assistant, Lindsey and she told me that we've been approved! She said that I'll be starting at 3.2% and going to 5% which I guess means 3.2 for the first year? LIndsey wasn't sure but gave me the dollar amounts. My payments are being reduced by $1500/ month to $2358: $1658 (P & I) 703 (taxes) That's a payment I can make! I am so emotional right now that I cannot explain how grateful I am to this forum and the folks in Jeanne Drake's office. I know that I NEVER would have gotten as far as I did without the invaluable advice and the unwavering support that I have garnered from this website. I told Lindsey that I read only good things about her at Loan Safe and she was so excited! I will update when I receive the actual documents which I should receive this week. Keep the faith!

04-13-2009, 10:48 AM	#42 (permalink)
Moe Bedard Founder Join Date: Aug 2007 Location: Southern California Posts: 16,887 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Congratulations!! Great News!! Please let us know when you receive your docs.......... __________________ 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.

04-13-2009, 11:21 AM	#43 (permalink)
bjc0177 Senior Member Join Date: Mar 2009 Location: San Antonio, TX Posts: 35 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Congratulations, to you and your Family GirlsMom, That is wonderful news.

04-13-2009, 02:42 PM	#44 (permalink)
myredrobbin Senior Member Join Date: Feb 2009 Location: Eugene, Oregon Posts: 94 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! That is awesome news GirlsMom Congratulations on you approval! __________________ Larry B Robinett

04-13-2009, 07:30 PM	#45 (permalink)
frazzeled Member Join Date: Apr 2008 Location: Washington Posts: 20 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Congratulations on your approval. Suggestions anyone? I faxed over my hardship letter to both offices on 03-31-09 and recived a voicemail on 04-07-09 from Rosa, asking me to please call because she would need more documents. Since then I have called back 4 times and have only left 2 voicemails. What should my next step be?

04-13-2009, 07:43 PM	#46 (permalink)
GirlsMom Senior Member Join Date: Mar 2009 Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! I think that I would call Jeanne Drake's number 949-784-6011, if you haven't already done so. Her assistant, Lindsey, told me today that Rosa is swamped, but Lindsey was able to give me the info that I needed. Best of luck to you!

04-13-2009, 08:27 PM	#47 (permalink)
frazzeled Member Join Date: Apr 2008 Location: Washington Posts: 20 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Thank you, for the info. I will call again to Jeanne Drake. When you sent your hardship letter in, did you mention that you take care of your brother who is ill? My mom has pancres and lung cancer, but she does not live with me but I do help tremendously with her expenses.

04-13-2009, 08:45 PM	#48 (permalink)
GirlsMom Senior Member Join Date: Mar 2009 Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Yes, I did put that in my letter. I kept it brief: my brother is ill and we have incurred a steady stream of expenses related to his illness. I'm so sorry about your mom... I will keep her in my prayers.

04-14-2009, 06:33 AM	#49 (permalink)
GirlsMom Senior Member Join Date: Mar 2009 Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! frazzeled...I also mentioned, specifically, what my brother's illness is. Good luck!

04-14-2009, 07:29 AM	#50 (permalink)
GirlsMom Senior Member Join Date: Mar 2009 Posts: 53 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	re: AHMSI SUCCESS!! Thank You LoanSafe!! Just received my docs...here is the breakdown: Loan Mod Agreement (Providing for Step Interest Rate): Loan moved from adjustable to fixed rate loan 1st year's interest - 3.25% 2nd 4.0% 3rd 4.25% From 2012 - 2036 5% New P&I $1658 Tax 703 Ins 227 Total Payment $2589 I've left a message for Rosa because I have a couple of questions. Why is the insurance payment included in my monthly payment to AMHSI? I pay $227/month for my homeowners insurance so I don't know if this is an error. There's also a statement that reads: You may be required to make a contribution in the amount of $3583 within 3 days following execution of the mod docs. My first payment is due June 1. The $3583 would be a problem. Does anyone have experience with this? Do you think this could be negotiated?

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