Send me reminder to make sure the block in there, also if you possible contact the credit agencies and dispute the reporting.....Whittier, I'm also on a 4 month forbearance it seems that they are reporting me 30 days late then it falls off my credit report the next month. I have a email from my negotiator that says there will be a credit block placed on my acct for the 4 months.I have some other concerns about the forbearance I have received a mod offer from the hope team and called my negotiator to ask if it was from her she told me that it was not but email a copy to her so she can see it. I was unable to get a copy to scan so I did not send her a copy, also received letters stating that my loan is late. I have noticed that it takes a very long time for them to post my payments, I was sending her email of the tracking info for the payments but she told me it was not needed.I'm a little concerned, any input would help. Thank you!
Thanks Whitter. Could you post your forbearance papers so I can see if mine are up to standard. Thanks
Forebearance plans are for folks to get re-employed, and then qualify to be evaluated for a loan mod......................... My big question why two forbearances and do we really have to go through trial payments again? Seems totally ridiculous. I really need advice, please, anyone. Thank you!
How is your mod going? Did they take it back yet?Out of the thousand's of Bank employee's the Folks on this thread deal with each day, you are a breath of fresh air. Thank you for posting.
I realize not all the people I have spoken with at BOA are really as rude and crude as they sound. They are under a huge amount of pressure from upper management. I have been blessed with a very nice and knowledgeable Lady. I like Evan wish more professionals would post. It might even make theira job less stressfull. Thank You
I'm sending out a plea for help here from anyone. I really need some advice. I've posted a few times before and this sight has been so helpful. Bear with me as I tell my story. Husband lost job, July 09, got a three month forbearance with B of A for Oct, Nov, Dec. Husband got new job($60,000 less per year) in November 09. Made Oct payment for amount indicated on forbearance agreement, then made regular payments for November and December. In January paid amount of shortage from October and was completely current, never reported on credit. Never late, never missed a payment. Never heard a word from B of A, no clue what was happening.January 2010, made regular payment. February 2010 got a call from neg and he told me we messed up and should not have made our regular payments, investor didn't like that. He said he could have helped us already if we didn't stay current. ??? I thought the point was to stay current if we could and make our payments. We used all of our savings in this process to stay current. Neg told me he would start me on trial payments from March -July and then we would get final docs. Made all payments as agreed on signed document, never heard a word as July came and went. Forget to mention that in the middle of all of this I finally received a package for the MHA program in March and sent everything in immediately. This whole time I thought that we were in trial payments for a loan mod, but now I find out (from Fannie Mae) that we were in another forbearance???? Why did they put us in two back to back forbearance programs? Finally this week B of A tells me that my neg from my forbearance didn't close out my file in a timely manner and that he would be escalating my file? So, I'm a little confussed here. According to guidelines " at the end of the temporary assistance period( forebearance) , homeowners who have a mortgage payment greater than 31 percent must be considered for a permanent HAMP mod." B of A is telling me in 30- 45 days I will find out if we qualify for HAMP andif we do we will start trial payments for 3 months. We have already made trial payments and from what I understand according to the guidelines again, we "must be considered for a HAMP mod". It dosn't say anything about making more trial payments to qualify. Yes, they have reported us 120 days past due and they will do nothing about this. I have tried again and again. I was told that once everything was completed that they would fix our credit. My big question why two forbearances and do we really have to go through trial payments again? Seems totally ridiculous. I really need advice, please, anyone. Thank you!
auto27Im new here, thanks for all the great information and posts.
Welcome to the forum and thank you for joining..............Hello to all,
My story June 2010 - divorce - loss 50% of income
Bk 13 will end in 4 months
Applied for loan mod thru NACA
Left Naca with a BOA loan mod in hand... that was approved by the trustee..... Have paper work to prove it
I've been paying 1410.10 faithfully since 6/10
BOA started paying my taxes & insurance 6/10
They held 30000 until April 5 2013 then they applied this amount to my account ( now I'm only 1.5 years behind in payments)
How in the world could this happen?
April 2013 I received a letter stating my monthly mortgage would increase to $3664 (rounding up). When I called I was told they
(boa) made an error and my loan mod is not being honored. I was told I could file an appeal however when I call to filed; I was told I can't file until I have a denial letter. I again called and requested a denial letter. I was called back and offered the DOJ ( department of justice global settlement )
Today I received a trial payment notice of $1852.26 for 3 months (b4 $1410.10) a $442.16 increase. With an asterisk it also stated that I would receive a *principal reduction of 224,555 and 5 percent interest rate (b4 6 percent).
Now I don't know what the price of the house is ; the bank statement says $349,999 but the first loan modification that doesn't exist says the price of the house is $437,000.
The payment is affordable if I stop eating, driving to work and forget about those Necessities like lights gas and car insurance.
Gross is $4796.23 and my net is $2436. I think $1518 is 31% of my gross.
Now my question, do these numbers make any sense?
Did I mention I'm completely confused and non-trusting at this moment. The paperwork I received today doesn't have any amount after the third trial payment so I'm completely baffled by what my mortgage payment will be monthly after August 1, 2013.
Please help me if you can.