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 aspire4grace
Joined: 06 Oct 2010
Posts: 16
5.48 Dollars($)
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Posted: Sat Oct 09, 2010 8:46 pm Post subject: Loan Modification after Foreclosure
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I've been trying to get a loan mod for a while now. Everytime I called, I was told that my application was still in review and to call back in a month or so. When I called back, same story. A few times they requested additional docs, so I'd send those in.
Eventually, I received notice that it was going to foreclosure. It's a Fannie Mae loan. I tried to get the mod through. Calling and calling. Everything went wrong of course. Short story, the house was foreclosed on Tuesday of this week. Thursday, I received a phone call from a processor that I had been approved for the HAMP program and had been put on a trial loan mod. She said paperwork would be on the way shortly and told me that the sooner I got my payment in, the better. I Western Unioned to them the next day (which was yesterday).
Yesterday I received an automated message to expect paperwork for the loan mod. I didn't even bother to call the lawyer's office, because I was certain that they didn't have anything from the lender telling them to stop eviction proceedings. Today, there's a letter on my door stating that the property is owned by Fannie Mae now, and that we need to contact her within 10 days to decide what we're going to do.
What's your take on this? Am I going to get the permanat mod and get to keep my home, or should I start looking for a place to move.
This is in Texas, and I realize that you don't know the future. Just would like your best opinion.
Thanks. |
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aspire4grace
Joined: 06 Oct 2010
Posts: 16
5.48 Dollars($)
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dipaligopale
Joined: 25 May 2010
Posts: 790
22.70 Dollars($)
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