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  1. R

    HELOC Settlement Question

    Thanks, yeah 40% would be pushing all our savings right now. Might just let it sit longer till we can afford like 50% which would leave us some cushion. Its been 8.5 years since so no issue there. We dont plan to move but would like to refinance. Maybe we wait longer or look into a settlement...
  2. R

    HELOC Settlement Question

    Evening all, it has been a while since I have been here and that's a good thing. Going on 8 yrs since our BK and a modification with no issues since. Anyway my question, after our BK my HELOC with USAA was discharged. I made small payments for the year after BK to keep the balance from...
  3. R

    Hamp Questions Pre Filing

    nice, yeah I was denied hamp and in house approved so maybe that was the delay. Same as you, just happy to be current. My life can start again. Nothing else to hear, just make my payments and nothing to sign
  4. R

    Loan Mod Received, Questions

    I just talked to my rep. I wasnt given a hamp mod, a standard mod which means all my terms remain the same. They basically took what I owed ($143k) then added on my taxes paid and interest accrued to give me a new balance of $154k. That was then done as a 40 year loan at my existing rate...
  5. R

    Hamp Questions Pre Filing

    Courntey, I just talked to her. I wasnt given a hamp mod, a standard mod which means all my terms remain the same. They basically took what I owed ($143k) then added on my taxes paid and interest accrued to give me a new balance of $154k. That was then done as a 40 year loan at my existing...
  6. R

    Loan Mod Received, Questions

    ok and we were not approved for a hamp mod, in reading it says standard mod.
  7. R

    Loan Mod Received, Questions

    Just to clarify, they also paid out our taxes for the year so really I guess our balance is more like $150k, but still those mod number seem off
  8. R

    Loan Mod Received, Questions

    Ok so after 7 months we were actually approved! That's the good news and regardless I will take it but I had a few questions. I am a numbers guy so the monthly amount doesnt make sense to me. My previous mortgage was 30 years at 6.375% (horrible I know but I did a no doc loan long ago and...
  9. R

    Hamp Questions Pre Filing

    Hey see my new thread with questions but if anyone reads this thread in the future, 7 months and I am approved! Not sure if its a great deal but its a deal and it lets us keep the home!
  10. R

    Hamp Questions Pre Filing

    Yeah, we also want to keep the house and we have positive equity. Obviously I didnt hear anything yet and kinda expected even though our RM seemed hopeful. She has been the same one throughout as well. I rarely call, I like email contact so I have proof of what was said and when. She is very...
  11. R

    Hamp Questions Pre Filing

    I was able to log in and get my insurance info late last night and sent it in verifying nothing had changed with our jobs. Not getting my hopes up yet but my rep said thanks and she hoped they could get it wrapped up this week. She has never given me any time indications before so I am hoping...
  12. R

    Hamp Questions Pre Filing

    We are so close in this process. I got an update last friday that nothing was new. I sent in a nice response and said thanks for keeping me up to date and how our lives are on pause...etc. Trying to play nice and get some sympathy from my rep. I got another followup today (7/20) asking for...
  13. R

    Hamp Questions Pre Filing

    Are there no laws on how long it should take to process these? I find it crazy that its been going on 7 months. I can understand needing to go back and forth to get the required docs but once I was told it was complete a/o March I feel like they should have to give me decision. If they delay...
  14. R

    Hamp Questions Pre Filing

    Curious, what fees? I was told all late fees stopped as of the receipt of my mod. I know I am accruing interest but I would regardless. The only benefit I can see is if they truely wanted you to default and walk away so they could keep the home a delay would let you fall further and further...
  15. R

    Hamp Questions Pre Filing

    Hope thats true, May I was only asked for clarification on the HELOC as it was discharged 5 years prior and they could grasp it doesnt accrue interest. The only item was a 2013 tax return on a closed business so to me they sound like little items and hopefully just clearing up the loose ends...
  16. R

    Hamp Questions Pre Filing

    Yeah I have no idea how it will go, some times I think they are stalling to let me get more behind hoping I'd walk away but others I really think they are just this disorganized. The docs they have asked for since everything was done seem to have very little to do with my current financial...
  17. R

    Hamp Questions Pre Filing

    Just figured I would throw an update on this original. We got our paperwork in Dec, then were asked for new paperwork because the forms we filled out were not correct (US Bank wanted theirs done not the ones from the gov site). We got that to them in Jan then back and forth on various other...
  18. R

    Hamp And Forclosure Question? Stressed!

    Lender is us bank, no trial payments as I am still waiting in a decision. This is very frustrating. It has been 5 months since I started and almost 11 weeks since they said my file had everything they needed. Today they asked for a statement on my 2nd mortgage which I addressed already 12...
  19. R

    Hamp And Forclosure Question? Stressed!

    4 more weeks, at least the rep is email me every week letting me know there is no update and nothing else required. I did ask why it was taking so long as I start this in Jan. She said all the required docs were not in until March, The file has been marked substantially complete (the date your...
  20. R

    Hamp And Forclosure Question? Stressed!

    6 weeks later and still waiting. I did receive a letter telling me all foreclosure action was on hold pending the modification. 2 weeks ago I was asked for yet more paperwork and last week they said everything was received. Started this over 3 months ago and honestly didnt think it would take...