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Loan Modification with Option One
[June 19, 2008] by Foreclosure Help
Filed under: Loan Modification Assistance, Loan Modification with option One, Need a Loan Modification, We need a loan modification, loan modification while in bankruptcy, stop foreclosure with Option One

If you are facing foreclosure with Option One and need a loan modification we are more than qualified to help stop foreclosure. We have a very unique relationship with Option One and getting a loan modification. We have negotiators that worked with Option One and we have had great success at getting a loan modification help with Option One. We have very experienced negotiators that are more concerned with helping homeowners stop foreclosure with Option One and all other lenders. We really know the and did not just start because of this is the way the mortgage industry has lead and trying to make it work for us. We actually teach loss mitigation and how to get a loan modification for homeowners. Below are a few Option One Loan modifications we were able to workout.

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In September Option One Mortgage returned our payment, with no reason why. When I contacted them as to why they stated that they we going to foreclose on the loan. Stating that we were 5 months behind. This I know is not true, we were 1 month behind I admit and were trying to get caught up. We had been trying to work with the mitigation team but were getting the run around. We need Option One foreclosure help. Once we thought all hope was lost we found a company on the internet that promised to help us. After having us pay them (using the mortgage payments we were keeping in the bank) they had us file bankruptcy (pro se. after paying them could not afford an attorney) We keep getting the run around on the bankruptcy as well. We were told to start sending in our mortgage payments again starting February 2008 which we have done. We have also been paying into the bankruptcy as well. Then when we tried to make the May 2008 payment to Option One they again refused it. Stating we were behind. And I have made every single payment. So now they are threating foreclosure again. This home has been in my family for over 50 years and I do not want to loose it. I have tried to work with them but they don’t return my calls, or anything. When we originally got the mortgage we were told our payments would be one amount but at closing we learned that they were to be at least $200 more. But we have made our payments and they say we have not. Our Mortgage Company is Option One Mortgage please Help me stop foreclosure. We need a loan modification with Option One

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Oct 2007 it went into pre-Foreclosure,” for multiple missed payments. I went on a re-payment plan with Option One, and was told NOT to miss another payment, or an automatic “date of Sale” would occur. I did make HUGE payments ($ 4200/mo) for another 5 months. Then , I received a “miss-leading” letter from them thinking that I was being given a “new” loan with a date for next payment which apparently would skip a month. As soon as I skipped a monthly payment, it went to sale immediately and Option One now has the only Bid on it. I am in Redemption period now, for another 6 weeks. I NEED HELP FAST, I really need help with a loan modification with Option One

we really need help to stop foreclosure in Los Angeles

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One Response to “Loan Modification with Option One”

need loan modification with Option One Says:
June 21st, 2008 at 7:35 pm
I started the process of a loan modification help with Option One in February, because my loan was scheduled to adjust in March. I was told on April 23 that I was approved for a loan modification on April 22. I was told what my new loan amount would be and what my new interest rate was and what I would be receiving my packet within 2 weeks and that after receiving the packet I had 5 days to sign it and send it back showing that I was in agreement with the new terms, I waited to no avail did the packet arrive I began calling Option One at least two sometimes three times weekly each time I got a different answer. I was told that the investor had not signed off on the terms and to call back by a certain day. I was also told not to make any mortgage payments because it would offset the loan modification,and that any money that was sent in would only set in a suspense account , I was told that I was required to send in a contribution amount of 1,418.79 which I wired through Western Union. I spoke with a representative at Option One which informed me that I was placed on a repayment plan in which I am to make payments of 1,188.79 by the 10th of each month for the next 3months which is July, August and September and all payments must be on time, then she told me that a balloon payment of 8,000.00 was attached. I would then be reconsidered for a modification after these terms were met. I was told that the terms stating this agreement were mailed. My biggest fear is that I was told before that documents have been sent and they have not. I am not in foreclosure yet, but I did receive a letter the other day in reference to a short sale, I am afraid that this is being done delibertly so that I am forced into foreclosure. I do know who to trust anymore. I became unemployed since obtaining this mortgage.I do have the income to support my previous mortgage payment which was 928.28. I need loan modification help with Option One.

One Response to “Loan Modification with Option One”

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