Washington Mutual.... and I'm not at all certain how their problems are going to affect my 5/1 ARM due to adjust in Dec 08'. Called Wamu and they offered another 5 ARM as a modification... this one at 6.35 I/O...given my first was 5.5, with money going to principle, this seems like jumping outta the frying pan into the fire. This is my first post in this forum so forgive me if I'm in the wrong venue...searched for WAmu topic but couldnt find one. I have above average credit history, payments always on time and even given market condition probably 90-100k in equity, (large initial down), wife and I both retired so income has been relatively fixed for the past 4 years, (don't have to worry about losing a job at least but we are interested in the stability of a fixed loan especially now....is it possible to get a modification to a fixed loan? Any comments greatly appreciated to these questions or pointing me to the right area of this web site. Thanks much and best of luck to all in your challenges.
Within ten minutes of pushing the send button, I finally got a human--not one with feelings or anything, and no professionalism, but a human none the less. Probably too late for me, but write up a good complaint and try to negotiate. Send it to all of them at once. You will be noticed!</O
Our lender is Citi-Mortgage however my cousin who is not on-line has Aurora and I have been trying to help her find a solution to her mortgage situation. I have suggested that her son get on his computer help her since he is there in Iowa and I'm in Oregon.
I don't see Aurora listed anywhere here. Is there help for a REALLY bad sub-prime predatory loan out here?