Foreclosure Help – Stop Foreclosure – Loan Modification

Loan Modification with Homecomings

I have a fixed loan with Homecomings at 11% I tried for a modification and after four months, they sent me a modification that had a $5500 good faith payment and a mortgage payment that is higher. That is not a modification. I have been told by others in your industry that based on today’s situation, i can get down into the 6.5 to 7% range. First let me start by saying that I’m only open to keeping the property if the loan can be modified to a reasonable amount, if not I will sell. I’ve worked with several people in the past year and a half that have not followed through on their promises at all! I stopped working in February when my Father had a heart attack and multiple strokes. My mother needed my assistance in every way due to this hardship. I was maintaining my payments with her help, and made arrangements to go back to work that September, but that plan fell through. I then started falling behind in my payments. Started working with a real estate agent, then an investor who tied my property up for about a year, then transferred my property over to a company to protect from foreclosure (I have it back now), got another agent who is trying to sell for me at present, and now facing a sell date of 2/17 and trying to do whatever I can so my property does not foreclose. I fell behind as a result of my situation changing. I ran out of money because I was not working and I could no longer afford to make the payments. I did start working again at that time but my mortgage payment was just too high.

Homecoming Loan Modification

Wednesday, January 28th, 2009, by Foreclosure Help and is filed under "Loan Modification with Homecomings, loan mod, loan modification, Loan Modification with Homecomings ". You can leave a response here, or send a Trackback from your own site.

Homecomings Loan Modication says:

February 9, 2009 at 3:48 pm

have been trying everything and I can’t seem to get any help – I have contacted my mortgage company Homecomings and I have even sent emails. I am begging you for your help – please
I am sorry to bother you, but I need your help asap and I’m sorry that I have to bother you, I have been trying to work with Homecomings to get a loan modification done for over 6 months now and I keep being told that I have to refax everything over and over and that Homecomings wants to help there customers stay in there home and that they do work with there customers to do so but that doesn’t seem to be the case. I am begging you will everything I have to please help me and my family stay in our home.

I have been trying to work with Homecomings now for over 6 months as stated about, and I keep getting the run around I just recent hardship letter, paystubs and financial again per the representative.

I am begging you for your help for a loan modification I do apologize I had one previously but I had alot of unseen circumstances.. I have sent and faxed information to wells fargo everything received and booked.

I lost both my parents which was hard to deal with, my brother is serving in Iraq I am praying he comes home safe, both my 2 daughters 3 and 5 were in the hospital I almost lost them both they were so sick, its was so hard to see them like that with needs and Ivs and all the pain and as a mom can not do anything to help them I didn’t leave there side once, I was 7 1/2 months pregnant between all the stress with the house and stuff I had a miscarriage which was devastating. My boiler blew water went everywhere, had to get a new boiler, had to get my floors fixed from the water damage and the wall had no heat which was no fun whatsover, and with 2 little kids its scary because I didn’t want them to get sick again between all that I lost my job I was with the company for over 11 years.

I am begging you with everything I have to please help us keep our home, please work with us, If the shoes were reversed wouldn’t you want someone to help you. I have contacted housing counselors and sent them information and they also advised to keep working with you in the meantime on a loan modification or something better to bring the loan current.

I just sent new information and updated paystub because my husband got a pay increase on friday as of today nothing has been booked in.

I am begging you please help us – I am so sorry that we got into this situation, but I am trying to work with Homecomings to got it resolved and that we can stay in our home and that your company stands by what the representatives tell us that Homecomings does everything to help there customers stay in there homes, please I am begging you with everything I have (its embarassing to beg for help) but please help us get back on our feet so we can stay in our dream home and my kids have a roof over there heads.

Homecomings Loan Modification

Ocwen loan modication says:

February 9, 2009 at 3:53 pm

We were in oversea when we found out the house being foreclosed. We called Ocwen and tried to work on re modification. The Ocwen representative arranging us to pay $4000 down and monthly payment of $3000/ month for two years. But this pending upon approval, so the rep told me to call again the following week. I did call and the representative again to check with them the following week, when I called December 5th , they told me the upper management rejected the offer and they will continue with foreclosure. After that I tried to call the Ocwen home redemption and leave my contact number and email address. They did not return my call. I found out from my neighbor that they change the key to our house and they are planning to auction the house next week (2/4/09). All I need to be able to short sale the house. The house is worth $520.000 and we owed $420000

Ocwen & Franklin Credit

Ocwen loan modification

Loan modification with Ocwen says:

February 9, 2009 at 3:56 pm

This is a piece of vacant land purchase in February 06′. The outstanding balance on the mortgage is $59,600 with interest-only payments of $337 per month. The property is worth only about $20k at most and is currently listed with a realtor. I would like to either get rid of the property or have the loan modified to the current value since I am losing money each month and going further into debt by making these payments

The added expense of the loan each month has caused me to fall over $18k into debt with credit cards. I have been borrowing money from family to make the payments on the land to keep my credit in good standing. I am no longer about to make these payments and want to avoid foreclosure.

Ocwen Loan Modification

Loan Modification with Homecomings

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