Posted on: 21st Nov, 2009 11:10 pm
In February 2009, we applied for a loan modification with ASC. We were told that if we were current they wouldn't even look at our file. Therefore we went passed sue and they accepted the file. In june 2009, they entered us into a forebearance program and said they would modify after the 3 payments were made in the forbearance agreement. We completed the payments only to be denied in November 2009. We are now $20,000 delinquent. What can we do to save our home? My husband's hours are picking back up and we can make the monthly payment, but obviously we don't have the $20,000 in the bank from when his hours took a cut during this recession?
Do you have everything in writing or was it all verbal over the phone?
Hi Jen,
Did the lender give you any reason as to why they won't accept your loan modification request? You should ask the lender to clarify the reasons. I would also suggest you to apply for modification once again and check out what the lender has to say in this regard.
Did the lender give you any reason as to why they won't accept your loan modification request? You should ask the lender to clarify the reasons. I would also suggest you to apply for modification once again and check out what the lender has to say in this regard.
