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Tag Archives: loan-modification

Our Mortgage Loan Was Modified and the Monthly Payment Went Up. – Sandra

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“Dear Steve, My husband and I had a financial hadship situation last year and got behind on our morgage payments to Countrywide (now Bank of America). Early this year, we started the loan modification process and in July we were notified that the loan had been modified. I was very disappointed since they only included the balance due to the ... Read More »

I Got My Mortgage Modified But It’s Not Enough Help. – Tina

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“Dear Steve, I have lived in my home for 10 years with a refi in 2003 to get the home in solely my name and to get my mom off the docs. I lost my job in December got back to work 5 weeks ago. Got Hud loan to catch up 5 months of payments on my FHA mortgage through ... Read More »

I’m Laid Off and Living on Savings. – Mary

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“Dear Steve, I was laid off the last quarter of ’07 and we are down to one income. We’ve been using our savings to keep up with all our payments including our mortgage. We want to proceed with a modification of our mortgage, but with our credit card debt we’re afraid we won’t qualify and would like to come up ... Read More »

I’m Not Sure Where to Turn for Home Loan Modification Help? – Jim

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“Dear Steve, I have applied for a home loan modification and been denied. They told me to apply as many times as I like and they will review. I have lost 1/2 of my income due to the economy and company mergers of various accounts I did business with. I have used money from my credit cards to make mortgage ... Read More »

More Lawyers Arrested for Loan Modification Scam Involving Home Relief Services and US Loan Mod Processing.

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A lawyer and his business partner have been arrested on charges of defrauding over 400 victims in a $1.25 million loan modification scam that targeted distressed homeowners. A warrant has been issued for another business partner in this case. Former attorney Christopher Lee Diener, 42, and business partners Stefano Joseph Marrero, 40, and Terrence Green Sr., 43, all neighbors in ... Read More »

Loan Modification and Foreclosure Prevention Programs Are Not Working for Most

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North Carolina just released a report which did a great job of narrowing in on the core issues that I hear from many people attempting to get their mortgage loans modified or who think a foreclosure prevention program is going to help save their house. For a small minority of applicants these programs are effective, but for the vast majority ... Read More »

What Can I Do to Get a Loan Modification With Wells Fargo? – Mark

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“Dear Steve, Life happened. Doctor bills, behind on payments, everything. I just received a Notice of Default and Intention to Accelerate on my mortgage from a lawyer. I was working with the mortgage company – Wells Fargo for a Loan Modification. It was in process and haven’t heard from them. I kept checking their online tool and it always said ... Read More »

I Gave $1,000 to a Loan Modification Company and They Went Bankrupt. I Am Five Mortgage Payments Behind. – Vic

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Vic “Dear Steve, I am currently 5 mortgage payments behind..I tried negotiating with my lender on a modification but was not happy with the results (only lowered my payment by 40 dollars) i did not accept the modification and now they want to foreclose. I recently gave 1000 dollars to a modification co. and found out they are going bankrupt. ... Read More »

Kirkland Young Took Our Money for a Loan Modification and Ran. – Vickie

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“Dear Steve, I WAS INVOLVED WITH THIS KIRKLAND YOUNG AND THEY TOOK 1,700.00 DOLLARS OUT OF MY BOYFRIENDS ACCOUNT FOR A LOAN MODIFICATION PROGRAM AND NOW I CAN’T GET AHOLD OF ANYBODY TO TRY GETTING MY MONEY BACK. DO YOU HAVE ANY SUGGESTIONS AS TO WHAT I SHOULD DO? IS IT POSSIBLE FOR US TO GET OUR MONEY BACK? Vickie” ... Read More »

We Are Stuck in a Home in a Neighborhood That is Turning Into a Ghetto. – Lisa

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“Dear Steve, As of today, 4k in money market savings, 2k in old mutual fund, 70k with TSP. Pay off credit cards every month in full. We have two debts, one student loan at $117/month and our townhouse. 10/1 ARM LIBOR will reset in 2015. 310K at 5.75%, with $296k left owing. 2nd mortgage of 27K at 6.75%, 30 year ... Read More »

Core Pac Solutions, the Foreclosure Rescue Company, to Close Doors Momentarily

Core Pac Solutions

So there’s this company, Core Pac Solutions that promised to be a big help if you were facing mortgage trouble. Let us share with you how we can help. For most Americans your most important purchase and most valuable investment is your home. When experiencing a financial hardship and the threat of losing your home, protecting your most expensive investment ... Read More »

How Can I Qualify for a Loan Modification Program if the Home is Not in My Name? – April

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“Dear Steve, My credit score was too low so my mom decided to help me with my first condo. She took a loan under her name since I could not qualify, but I had been making the mortgage payments ever since. Our names are both on the property title but the loan is only under my mom’s name. Recently, I ... Read More »

Ohio AG Goes after Barclays Capital Real Estate, HomeEq Services for Unfair Loan Modifications

The Ohio Attorney general has gone after Barclays Capital Real Estate operating under HomeEQ Servicing for several issues but one of them was an attempt to get Ohio consumers seeking loan modifications to sign agreements that included provisions for the borrower to: Waive all defenses, claims or offsets with respect to the unpaid principal balance as adjusted by HomeEQ to ... Read More »

Our Debt is From IVF Treatments But We Are Also Underwater On Our Mortgage. – Rob

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“Dear Steve, Key Points. Combined 150K salary with wife. 47K in CC debt (9 different accounts – all APR at 11% and below. 8k loan (0% interest for new windows for house). 80/20 mortgage with first loan I/O ARM (reset Feb 2012, at 6.75%, balance is 284K. Second mortgage at 8.58%, balance is 69,842. 38k in combined 401K. House is ... Read More »

Real Long-Term Mortgage Loan Modifications Are a Joke.

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As I’ve been saying the mortgage loan modification process is broken. People are not getting the type of long-term real mortgage modifications they need to really avoid foreclosure. In the meantime while they sit and sit and sit, waiting for their mortgage company to respond, their financial life goes further and further down the toilet. The report, the first comprehensive ... Read More »

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