Recent content by Opptimistic

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    Hamp Loan With Balloon - Payoff Quote Seems Low?

    Hello - Yes, I did review the numbers, and that is why I questioned it. They do not spell out a balloon payment due in the documentation, either. I just didn't know if it is common practice to include or exclude that number when providing a pay off quote. Seems strange to me to leave it off...
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    Hamp Loan With Balloon - Payoff Quote Seems Low?

    Hello! I have a pretty basic question. I have been in a HAMP loan for the last three years. It has a deferred balance and a balloon that ends up being the equivalent of about $6500 per year of the loan. My lender is Ocwen, and I just asked them for a payoff quote. I was curious on what I...
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    Ocwen Hamp Loan Notice Of Default

    Thanks for the advice! I will do that.
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    Ocwen Hamp Loan Notice Of Default

    Thank you for the response; the above information is very helpful. This is a permanent HAMP. I have never actually gotten to 60 days late, but I received the Notice of Default at 45 days a couple of months ago. I've been basically at a rolling 30 because I am able to make one payment, just...
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    Ocwen Hamp Loan Notice Of Default

    Hi - I have a HAMP loan, and for the past three months I have been running 30 days late consistently. I received a Notice of Default from Ocwen. I know that in order to be considered in bad standing with a HAMP loan I have to be 90 days late, not a rolling 3o. Can they still foreclose on me...
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    Ocwen HAMP Trial Period - Insite anyone???

    Thank you so much for the great explanation, Michael! I've done a bunch of research, just to make certain I understand what I am signing....at this point, I HAVE to sign it anyway...and I believe I have a good handle on my various options in the future. I can't thank you enough for taking the...
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    Ocwen HAMP Trial Period - Insite anyone???

    Thanks very much, Michael. I'm trying to wrap my head around this! I appreciate you taking the time... So, say I stay in my house for 8 years, and sell it after my children go to college. I would owe the unpaid principal, the $45K deferred principal and about $56K towards the balloon? Is...
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    Ocwen HAMP Trial Period - Insite anyone???

    Just received my permanent modification papers today...can someone help me to understand something?? My new principal amount is $200,807 and it says $45k is being deferred as non-interest bearing. I have a balloon payment of $135K. It says the deferred amount and the balloon are both due at...
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    Ocwen HAMP Trial Period - Insite anyone???

    Thanks for the reassurance and the responses!! My 2nd payment is due on Sept 1st, so I will wait for the paperwork after that. I hope I am a success story and I will be able to pass on hope to others after this! Thanks for your time!
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    Ocwen HAMP Trial Period - Insite anyone???

    Thank you for responding! I'll keep my fingers crossed that this is real. :)
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    Ocwen HAMP Trial Period - Insite anyone???

    I am really trying to be optimistic about all of this...yet I'm terrified at the same time. Any thoughts from the community would be greatly appreciated. I applied for a HAMP loan with Ocwen in June 2013. I was only one month behind on my mortgage at that time, but am always just on the edge...