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smithsussane
Joined: 18 Sep 2008
Posts: 3709
Location: Alaska
556.69 Dollars($)
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Hi roz_levin!
Welcome to forums!
It is quite surprising to me that the lender went ahead and foreclosed the property when your friend was negotiating for a loan modification. She should contact the lender and discuss the issue with him. In my opinion, it would be better if she could hire an attorney and let him negotiate with her lender.
Feel free to ask if you've further queries.
Sussane |
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paga
Guest
0.10 Dollars($)
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Post subject: bank statement |
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| Will your lender still modify your loan when you declare more money in your bank statements? |
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smithsussane
Joined: 18 Sep 2008
Posts: 3709
Location: Alaska
556.69 Dollars($)
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Hi paga!
Welcome to forums!
It will depend upon the lender whether or not he would modify the loan. The lender would judge your financial situation and check if it would be possible for you to pay the loan. If your lender feels that you would be able to pay the loan, then he won't agree to your request for a loan modification.
Feel free to ask if you've further queries.
Sussane |
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amy
Guest
0.10 Dollars($)
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Post subject: dire need of help and answers |
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we spoke to a supervisor on 10/13 we are 2 months and a partial 3rd we were told we owe 1792.00 but if we came up with some payment before 10/31 then they would be able to work with us seeing as we've paid on time for the past 10 months today we received another call very mean, very disturbing this person said that we owe over 2000.00 and they would not be able to help us and she proceeded to ask my mother who is a cancer survivor and has diabetes as well as some other illnesses what we needed a car for? why do we have cable(which we need for our phone)? she had my mother so upset her blood pressure shot through the roof she started crying and her nose started bleeding..needless to say we live in a forest our local grocery store is 7 miles away for my mom to get to doctors it's a 35 mile drive one way without a car we're lost she even asked my mom why she needed to go the doctor's? does she have any right at all to do this considering she had already worked this out and all that stuff she said which isn't even all of it i was so disgusted and angry and horrified that a "human being" could treat another like this and be so heartless..are they're any suggestions you can make to handle that? do you know of any programs that could help us? the company even stated they do not do loan modifications and it's like they love taking peoples homes and not trying help others..please if anyone can give me advice as far as possibly contacting a lawyer or let me know about housing laws or whatever and some programs we are in really dire need i also live here with my 3 children and help take care of my parents i suffer from seizures and am not able to find employment i sincerely need to get answers and help i would greatly greatly appreciate it thank you all and god bless
[E-mail address deleted as per forum rules. Thanks.] |
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Niicss
Joined: 03 Oct 2005
Posts: 2617
Location: New Jersey
409.01 Dollars($)
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I can understand that your mother must have gone through a tough time coping up with all that the lady on the other side of the phone had said. I feel she does not have any right to comment on your personal life.
You can contact your lender and check out if they have taken part in the Home Affordable Modification Program. If they have taken part in this program, then they would be able to modify your loan. However, as your are not employed, it would be difficult for you to get a modification. In such a situation, its a better option to sell off the property through a deed in lieu of foreclosure.
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Good is the Enemy of Great. |
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