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bamboozled by pnc
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Post subject: Loss mitigation? |
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| I was involved in a car accident back in 2009 and unfortunately I fell behind in my mortgage. I contacted my lender and advised them I was going through a ruff batch ... the representative advised me that I should apply for the "make affordable housing plan." in september 10 I had to let the mortgage go for the third month in order to qualify for the plan.. I then sent all the necessary information required to process the program, after sometime I contacted PNC and they advised me that the procedure and/or information share was beyond the 90 period. Thus making my information sent expired and that I should resend all iformation, again... This went on til July of 11.. I returned back to work at full capacity and/or well enough to return to the workplace after a surgery that took place in April of 11, Only to find that because I manage to work some overtime I was not eligible for any programs and that If I wished to retain the property I would have to pay back all the past due months (17 months) translation, my mortgage has doubled and remain as such til I pay back some 42,000 dollars, taking into consideration all late fees and interest.... The actual uunpaid is approximately 19,000 dollars!!!!! IS this criminal behavior? and if so, please someone help me !!!! |
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smithsussane
Joined: 18 Sep 2008
Posts: 10439
Location: Alaska
985.83 Dollars($)
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Post subject: |
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Hi Guest!
Welcome to forums!
The lender has the rights to claim all the delinquent dues from you along with the added fees and other charges. There is nothing criminal in this. If you're unable to pay off the dues, it's better to negotiate with them and get to know whether or not they will give you an affordable payment plan to pay off the debts.
Feel free to ask if you've further queries.
Sussane |
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Guest2
Guest
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Post subject: ReFinancing under chapter 13 |
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| I am currently under a chapter 13 because I did not want to lose my home. I tried to modify my loan about 2 years ago, and Bank of America did a number on us. Under making home affordable, am I able to refinance or streamline my current loan even though I am under chapter 13? |
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adonis
Joined: 22 Oct 2005
Posts: 10562
Location: ALASKA
1089.18 Dollars($)
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Post subject: |
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Hi Guest,
If you're in bankruptcy filing, you won't be able to qualify for a mortgage modification now. You will have to wait till your bankruptcy filing gets discharged and then you can apply for a modification.
_________________
Procrastination is the enemy of your financial success |
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William A Smith
Guest
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Post subject: Finding a phone number of the office that services my loan |
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| Pleas help us find a phone number so we can discuss our loan, we were with Taylor, Bean and Whitaker when it was taken over by Cenlar, we have never received any information from Cenlar. |
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jameshogg
Joined: 20 Dec 2005
Posts: 10477
Location: Nevada
990.06 Dollars($)
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Post subject: |
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Hi William,
You can find the contact details of Cenlar from the given page: "http://www.cenlar.com/contact-form.asp"
I hope this will help you in getting the required contact details.
Thanks |
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PM
Guest
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Post subject: What is Loan Origination Process and its Different Channels |
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| Hi ..Jessica...What is a Loan Origination Process and what are the various loan origination channels for applying a U.S Residential Mortgage Loan ? I have heard that in a loan origination process, borrower can apply for loan using various channels of loan origination process. Please give an idea of various channels used and various "Role Players" for each channels ( Like lender ,broker etc) Also help me with various benefits and disadvantages for each channel of loan origination process.. Thank so much for your help.. |
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adonis
Joined: 22 Oct 2005
Posts: 10562
Location: ALASKA
1089.18 Dollars($)
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