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needhelpbad
Guest
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Post subject: loan mod e-books |
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| do I really need to pay $$$$ for a loan mod. I thought they were free. what about an e-book to do it. I see them everywhere online. The prices are all over. 20-500 bucks. I found what looks like a great book at loanmodificationbookstore .com that looks excllent for only 20 bucks. Has anyone tried it? |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Post subject: |
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Welcome needhelpbad,
I would suggest you to follow what your lender has suggested. As far as I know, you will not need to pay dollars for a loan modification. To know what loan modification is all about, check out the given link:
http://www.mortgagefit.com/know-how/loan-modification.html
_________________
Procrastination is the enemy of your financial sucess |
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wondering in va
Guest
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Post subject: loan modifcation |
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we had gotten behind on our loan 1yr ago and they did a loan modifcation
now we have fallen behind again can we be approved for a new modifcation within a 12 mth period
thank you for your help |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Post subject: |
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It's good to hear that your lender has agreed for a loan modification and I hope now you will be able to pay off the debts.
_________________
Procrastination is the enemy of your financial sucess |
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GMA
Guest
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Post subject: Can I get help |
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| I meet all of the loan modification requirements except my mortgage is not 3 months deliquent. My loan is not deliquent at all but countrywide paid my taxes for 2 years and increased my loan payment from 960.00 to 2200.00 there is no way I can pay this new loan amount. |
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depressed mamma
Guest
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Post subject: help |
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| I fell behind in my payments with countrywide in June of 08 then they added house insurance premium from a escrow account i didnt have i was served foreclosure papers in Sept 08. In nov i contacted CW for loan modification i submitted paperwork as requested and today I received a letter of deniel stating that cw is not delegated by one of the investors to perform modifications on the loan and if my house is in foreclosure I will receive a notice of date of trustee sale. Now what do i do can i resubit another application for modification god i am sick to my stomach..help |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Post subject: |
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Welcome,
To GMA,
You can contact Countrywide and inform them about the hardship that you are facing. I don't think you need to be 3 months delinquent on the mortgage. If you are 1 month late on your payments, the lender may accept a loan modification.
To Guest,
As a foreclosure notice has been already served to you, may be that's the reason why the lender is not accepting a loan modification. In my opinion, you should try and negotiate with the lender so that he agrees to it. |
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waitejks
Joined: 17 Feb 2009
Posts: 2
1.65 Dollars($)
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Post subject: personal residence as part of deficiency judgement?? |
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| Does a foreclosure in Fl on an investment property legally allow the lender to take your personal residence as payment for the deficiency judgement? |
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Niicss
Joined: 03 Oct 2005
Posts: 2620
Location: New Jersey
409.63 Dollars($)
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Post subject: |
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Hi waitejks
If you are unable to pay the deficient amount resulting from the foreclosure of the property, the lender may place a lien on your personal residence. When you sell your personal residence, the lender will have the right to claim his dues.
Thanks.
_________________
Good is the Enemy of Great. |
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scared
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Post subject: forclosure |
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| i am with country wide lenders i fell behide in payments, and my brother lwas laid off, i dont want to lose my house and land what do we do my brother stays in the house . i live in GA.can i remodify my loan the house was paid for and we got a secound morgage. |
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adonis
Joined: 22 Oct 2005
Posts: 3852
Location: ALASKA
120.89 Dollars($)
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Post subject: |
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| You need to contact your lender and apply for a loan modification by writing a hardship letter. If the lender accepts your request, then the loss mitigation department of the lender will contact you. |
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matty
Guest
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Post subject: name off mortgage |
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| my name is on a two family name mortgage and I need to get my name off. what are my options? I have been thinking of short sale but I am concern about my credit |
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Responsible brother
Guest
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Post subject: any risk in making a payment for my sister |
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| My sister asked me to make her mortgage payment for her this month. I'm willing to do it one time. I don't want to be dragged into her financial mess and I wonder if writing a personal check will alert the lender to contact me for further payments. Is there any risk? |
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sara
Moderator
Joined: 05 Jul 2006
Posts: 1679
Location: New Brunswick, New Jersey
315.07 Dollars($)
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Post subject: |
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Hi,
To Matty,
In order to get your name off the mortgage, you don't have to go for a short sale. You can ask the other person on the mortgage doc to refinance it in his/her name. Once the other person refinances the mortgage, your name will be removed from it.
To Guest,
I don't think there would be any risk if you pay the the mortgage dues of your sister for one month. As your name is not on the mortgage that your sister has taken, the lender will not have the legal right to claim the dues from you.
Take Care. |
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Oirizarry
Joined: 27 Feb 2009
Posts: 7
5.67 Dollars($)
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Post subject: NEED ADVICE AS AS SOON AS POSSIBLE! |
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| After 4 months trying to get a Loan Modification with Countrywide -NACA representing me, they gave me a proposal for 6.25% for 30 years including taxes & insurance paying $3.414.97 a month. NACA proposed 3.0% and CW rejected it therefore I declined the first proposal by asking if they can offer me something more affortable rate and they came back after waiting 1 month and gave me a 2nd proposal which I don't know if I should take or not, here it is: 4.5% for 2 years, than 5.0% for another 2 years and 5.5% for the remainder of the loan also including taxes and insurance but what I don't like about this is the changes, I want something to stay fixed for the remainder of the loan, What should I do? If I declined this 2nd proposal I will have to wait another month or two since they are very slow and my credit is going to be hurst since I'm now delinquent 3 month, please advise me? NACA has not been any help as I though. Please advise, I don't want to go on foreclosure if I keep waiting and maybe at the end they would not do anything for me! |
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