Upside Down Mortgage

Posts Tagged ‘audit’

Loan Modification Act

Question: Has anyone successfully completed a Mortgage Modification under the new Making Home Affordable Act?

Just curious if anyone has actually been able to speak to a real person at their Mortgage lender and been successful in completing a loan modification under this new plan. Our loan is serviced by Citi and I never get to speak to an actual person.

Answer: Unfortunately not. My loan is serviced through First Horizon and every couple of weeks that I call referring to it, they say that they don't have any details and their still working on it! This has been going on since March.

How to get the most out of your loan modification by doing it yourself - or with an expert lawyer

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Loss Mitigation Center

Question: Loss Mitigation and "The Center For Responsible Lending"?

The Center For Responsible Lending always cites the "lack of effort" that lenders are making with regards to working out a solution to the foreclosure increase.
As a Loss Mitigation Consultant I can say that I rarely get a call back from homeowners in trouble and all I'm calling to offer is a loan modification from their lenders.
It's free money and in many cases a way for these people to keep their homes and make a fresh start.
It's time people take responsibility for their own actions.

Didn't we learn anything from the DNC list the FCC now governs, all that did was send $12-$15 per hour jobs to India where the FCC has no authority.

Answer: x

How To Get Your Loan Modified

Loan Modification Documents

Question: Would you seek help for a loan modification?

I'm thinking about starting a document prep service that assists homeowners in getting their loan modification together to submit. I have seen what those loan mod firms & attorneys charge! What do you think of this type of service offered?

Answer: I wouldn't use any company that charges an up front fee
And furthermore, I wouldn't even bother using anyone to fill out forms that I can fill out, and negotiate with my bank since I can do that.
I don't know why people think they need someone to do this for them. They need to save the $2500 or more fee and use it to pay their darn mortgage!!

I wouldn't use your service, but I am sure there are plenty of naive people out there who think they need someone else to do their legwork for them.

Affordable Hope - Loan Modification Document Creation Overview.