Comments for Attorney Loan Modification News Blog http://www.callalms.com/blog Just another WordPress weblog Tue, 09 Mar 2010 02:47:00 +0000 http://wordpress.org/?v=2.8.4 hourly 1 Comment on Questions about government loan modification programs by Carmen Thome http://www.callalms.com/blog/2009/questions-about-government-loan-modification-programs/comment-page-1/#comment-223 Carmen Thome Tue, 09 Mar 2010 02:47:00 +0000 http://www.callalms.com/blog/?p=203#comment-223 I love this blog. Thanks for the great information. I have it bookmarked and will be back. If anybody needs <a href="http://www.775creditscore.com" rel="nofollow">creating a new credit file</a> don't hesitate to come on over. I love this blog. Thanks for the great information. I have it bookmarked and will be back. If anybody needs creating a new credit file don’t hesitate to come on over.

]]> Comment on Loan Modification Denied By Banki by Z. Burkett, Clearwater, FL http://www.callalms.com/blog/2009/loan-modificaiton-denied-by-bank/comment-page-1/#comment-219 Z. Burkett, Clearwater, FL Thu, 04 Feb 2010 15:09:35 +0000 http://www.callalms.com/blog/?p=89#comment-219 I feel your pain, all of you. I was fortunate enough to find a company that is legitimate. Now I know that the banks the news and government say we shouldn’t go to any company that charges, that the banks will modify your loans for free. Well, how many of us on here have had our loans modified by the banks? A lot have lost their homes, and lot more still will unless you do what’s necessary to save your homes from the banks. I went through what most of you have, I was there. Then I was referred to Corey Lassiter of Clear Image Financial Group. They saved my home. I know I would have lost it to Wachovia if it wasn’t for him, Tasha, Denise and the rest of the people who work there. Got me caught up on my mortgage 1st & 2nd, lowered my interested rate & payment, and secured me a 50k principle reduction. Don’t be afraid of hiring a loan modification company, be afraid of the banks, they are the ones who are taking our homes! I feel your pain, all of you. I was fortunate enough to find a company that is legitimate. Now I know that the banks the news and government say we shouldn’t go to any company that charges, that the banks will modify your loans for free. Well, how many of us on here have had our loans modified by the banks? A lot have lost their homes, and lot more still will unless you do what’s necessary to save your homes from the banks. I went through what most of you have, I was there. Then I was referred to Corey Lassiter of Clear Image Financial Group. They saved my home. I know I would have lost it to Wachovia if it wasn’t for him, Tasha, Denise and the rest of the people who work there. Got me caught up on my mortgage 1st & 2nd, lowered my interested rate & payment, and secured me a 50k principle reduction. Don’t be afraid of hiring a loan modification company, be afraid of the banks, they are the ones who are taking our homes!

]]> Comment on Truth About Making Home Affordable by Esther Eglin http://www.callalms.com/blog/2009/truth-about-making-home-affordable/comment-page-1/#comment-212 Esther Eglin Sat, 23 Jan 2010 03:19:43 +0000 http://www.callalms.com/blog/?p=84#comment-212 This is a great blog. Keep up the great work. Anyone ever tried <a href="http://www.flipanyhouse.com" rel="nofollow">House Flipping</a>? This is a great blog. Keep up the great work. Anyone ever tried House Flipping?

]]> Comment on What to Expect from California Loan Modification Attorney by Mortgage Loan Modification Help http://www.callalms.com/blog/2009/what-to-expect-from-california-loan-modification-attorney/comment-page-1/#comment-209 Mortgage Loan Modification Help Fri, 15 Jan 2010 19:23:02 +0000 http://www.callalms.com/blog/?p=191#comment-209 While California has certainly been hit very hard by the current housing bubble, there are options available through loan modification laws. These new laws not only help both the borrower and the lender, but the entire state of California as well. It is important to stress here that simply submitting written documents in a haphazard fashion will not facilitate your loan modification. An attorney can properly prepare the written documentation needed to prove financial hardship in a clear manner. An attorney also knows the exact requirements regarding the burden of proof needed to display financial hardship. Ambiguity is never a good thing when attempting to present evidence. A legal professional understands this and documents presented by an attorney will be anything but ambiguous. Once again, this will increase the odds that your request will be approved and approved timely which is what one would want in the first place. This will allow the borrower to engage in modified payments and travel once again on the path to financial freedom. While California has certainly been hit very hard by the current housing bubble, there are options available through loan modification laws. These new laws not only help both the borrower and the lender, but the entire state of California as well.

It is important to stress here that simply submitting written documents in a haphazard fashion will not facilitate your loan modification.

An attorney can properly prepare the written documentation needed to prove financial hardship in a clear manner. An attorney also knows the exact requirements regarding the burden of proof needed to display financial hardship. Ambiguity is never a good thing when attempting to present evidence.

A legal professional understands this and documents presented by an attorney will be anything but ambiguous. Once again, this will increase the odds that your request will be approved and approved timely which is what one would want in the first place. This will allow the borrower to engage in modified payments and travel once again on the path to financial freedom.

]]> Comment on Loan Modification Denied By Banki by Ken http://www.callalms.com/blog/2009/loan-modificaiton-denied-by-bank/comment-page-1/#comment-158 Ken Sat, 26 Dec 2009 04:41:04 +0000 http://www.callalms.com/blog/?p=89#comment-158 What a mess this program is let me say banks don’t know what to do let me start with this, When the Obama making home affordable plan came out in march I applied for a refinance at chase bank for a modification they told me to download and send the paper work that was on there web site. I got the entire paperwork submitted hardship affidavit, pay stubs, tax return, 4506T-EZ forms proof of residency. After all that I had to call chase about 60 times in a period of 25 days to go over everything with them and send out more pay stubs another hardship affidavit and another bank statement every time I called I got a different person that had no idea what they were doing. Then after all that I got a letter saying dear sir your application is cancelled we are unable to offer a loss mitigation workout at this time because of your income you can afford this mortgage payment go figure!!! If my income was in line for this refinance why didn’t I qualify? Then a week later I got a letter saying you insist that we help you so were going to offer you a forbearance for 6 months then after this trial period we will see if we can work out a permanent modification if you make your payments on time. Well then I called and was told wow that’s strange most of our trial periods are for 3 months? I replied is this the Obama plan making home affordable they said I don’t know I think so we normally give 3 month trial plan but in your case they gave you a 6 month plan at this point I’m getting very frustrated after talking for about a half hour chase said just follow this plan and we will work out a modification at the end of this plan keep in mind I was never late on my mortgage in the first place when I started this plan the letter said you are current on your mortgage as of April send no money for May then start this forbearance plan in June 1st well I signed the contract and sent the 1st payment. After the 6 month plan was completed I called and asked what should I do for Decembers payment my trial period is up they told me to continue making the same payment and send more paper work, I asked them what paper work they said pay stubs, hardship affidavit, tax return, proof or residency, 4506T-EZ form I said I already sent all that paper work in twice I was told I needed to send it in again so I did for the third time meanwhile I started to receive letters from chase saying your house is your home we want to keep it that way call us we’ll discuss your current situation but we cannot stress enough that the longer you delay calling us the fewer chances you have to keep your home another letter stating mortgage acceleration WHAT THE HECK!!! Is this all about so I called chase and asked what is this all about then I was told I owed 6,800 dollars I said what I thought I was offered the plan from the government making home affordable they said no you were offered a forbearance plan then I said I was told this was the presidents plan you guys told me it’s a 6 month plan then we will modify your mortgage. All this time I thought this plan was part of Obama’s plan well I was misled now I owe this money I asked what are we going to do the bank said I got to come up with the 6,800 dollars to bring this mortgage current meanwhile I get another letter for a three month plan close to what my payment was when I bought this house I called and asked what is this all about was told to make these payment’s and after this trial period we will modify your mortgage but we got to see if you can make these payments. Keep in mind this is what they told me the 1st time now I don’t know what to do the letter states make 3 payments Jan – March for 2,090 each then 1 payment at 11,000 I asked why this contract doesn’t say it will be modified after 3 months and was told this is the way we word our paper work well there’s nothing in this contract that says it will be modified I really don’t know what to do about this there telling me to sign it and send the first payment by Jan 1st what about the 4th payment for 11,000 we will put this at the back of the loan but they won’t give me this in writing don’t know weather there will be a modification or not and I have really can’t trust them to do this after the last time they put me in a hole for 6,000 when I was current before all this started. All of a sudden I get a call from a chase analyst telling me I was pre approved for Obama’s Making Home Affordable Plan and she’s waiting for her supervisor to sign it meanwhile I asked what about the plan that they offered me before this she told me to wait and don’t sign that plan wait for this new plan. It will be a 3mth trial period here we go again was told to call weekly to see if it’s approved then I’ll get a contract in the mail and when I receive it sign it and send it back with the 1st payment finally after calling for a week I was told I was pre approved for this governments plan and the paper work is on it’s way and the 3-month trial plan I really don’t know what to do this has been a nightmare now for 7 months all I want to do is get this modified and move on with my life oh by the way they asked me to send in more paper work do you believe this HELP!!!’. Another thing after talking to chase they also told me people are asked to verbally state their income and then after that we will start the 3-month trial period. You would think they would check all your documents first before you were approved for this plan why put everyone on this plan before anything is checked that’s our government got to love it also while your on this trial period you got to submit all your documents again before you are approved for a permanent modification. Well that’s my story what do you think our government can do to make this master plan of there’s work better I know no more paper work. What a mess this program is let me say banks don’t know what to do let me start with this, When the Obama making home affordable plan came out in march I applied for a refinance at chase bank for a modification they told me to download and send the paper work that was on there web site. I got the entire paperwork submitted hardship affidavit, pay stubs, tax return, 4506T-EZ forms proof of residency. After all that I had to call chase about 60 times in a period of 25 days to go over everything with them and send out more pay stubs another hardship affidavit and another bank statement every time I called I got a different person that had no idea what they were doing. Then after all that I got a letter saying dear sir your application is cancelled we are unable to offer a loss mitigation workout at this time because of your income you can afford this mortgage payment go figure!!! If my income was in line for this refinance why didn’t I qualify? Then a week later I got a letter saying you insist that we help you so were going to offer you a forbearance for 6 months then after this trial period we will see if we can work out a permanent modification if you make your payments on time. Well then I called and was told wow that’s strange most of our trial periods are for 3 months? I replied is this the Obama plan making home affordable they said I don’t know I think so we normally give 3 month trial plan but in your case they gave you a 6 month plan at this point I’m getting very frustrated after talking for about a half hour chase said just follow this plan and we will work out a modification at the end of this plan keep in mind I was never late on my mortgage in the first place when I started this plan the letter said you are current on your mortgage as of April send no money for May then start this forbearance plan in June 1st well I signed the contract and sent the 1st payment. After the 6 month plan was completed I called and asked what should I do for Decembers payment my trial period is up they told me to continue making the same payment and send more paper work, I asked them what paper work they said pay stubs, hardship affidavit, tax return, proof or residency, 4506T-EZ form I said I already sent all that paper work in twice I was told I needed to send it in again so I did for the third time meanwhile I started to receive letters from chase saying your house is your home we want to keep it that way call us we’ll discuss your current situation but we cannot stress enough that the longer you delay calling us the fewer chances you have to keep your home another letter stating mortgage acceleration WHAT THE HECK!!! Is this all about so I called chase and asked what is this all about then I was told I owed 6,800 dollars I said what I thought I was offered the plan from the government making home affordable they said no you were offered a forbearance plan then I said I was told this was the presidents plan you guys told me it’s a 6 month plan then we will modify your mortgage. All this time I thought this plan was part of Obama’s plan well I was misled now I owe this money I asked what are we going to do the bank said I got to come up with the 6,800 dollars to bring this mortgage current meanwhile I get another letter for a three month plan close to what my payment was when I bought this house I called and asked what is this all about was told to make these payment’s and after this trial period we will modify your mortgage but we got to see if you can make these payments. Keep in mind this is what they told me the 1st time now I don’t know what to do the letter states make 3 payments Jan – March for 2,090 each then 1 payment at 11,000 I asked why this contract doesn’t say it will be modified after 3 months and was told this is the way we word our paper work well there’s nothing in this contract that says it will be modified I really don’t know what to do about this there telling me to sign it and send the first payment by Jan 1st what about the 4th payment for 11,000 we will put this at the back of the loan but they won’t give me this in writing don’t know weather there will be a modification or not and I have really can’t trust them to do this after the last time they put me in a hole for 6,000 when I was current before all this started. All of a sudden I get a call from a chase analyst telling me I was pre approved for Obama’s Making Home Affordable Plan and she’s waiting for her supervisor to sign it meanwhile I asked what about the plan that they offered me before this she told me to wait and don’t sign that plan wait for this new plan. It will be a 3mth trial period here we go again was told to call weekly to see if it’s approved then I’ll get a contract in the mail and when I receive it sign it and send it back with the 1st payment finally after calling for a week I was told I was pre approved for this governments plan and the paper work is on it’s way and the 3-month trial plan I really don’t know what to do this has been a nightmare now for 7 months all I want to do is get this modified and move on with my life oh by the way they asked me to send in more paper work do you believe this HELP!!!’. Another thing after talking to chase they also told me people are asked to verbally state their income and then after that we will start the 3-month trial period. You would think they would check all your documents first before you were approved for this plan why put everyone on this plan before anything is checked that’s our government got to love it also while your on this trial period you got to submit all your documents again before you are approved for a permanent modification. Well that’s my story what do you think our government can do to make this master plan of there’s work better I know no more paper work.

]]> Comment on How Can a Short Sale Benefit a Lender? by Saber http://www.callalms.com/blog/2009/how-can-a-short-sale-benefit-a-lender/comment-page-1/#comment-119 Saber Tue, 15 Dec 2009 20:54:34 +0000 http://www.callalms.com/blog/?p=187#comment-119 A short sale benefits the lender in many way: 1- Frees up a bad debt, and give them a chance to reinvest the money somewhere else. 2- Lenders are not in the business of owning homes, they are in the business of servicing the loan: they do not want the want the home anymore than the original home owner. A short sale benefits the lender in many way:
1- Frees up a bad debt, and give them a chance to reinvest the money somewhere else.
2- Lenders are not in the business of owning homes, they are in the business of servicing the loan: they do not want the want the home anymore than the original home owner.

]]> Comment on Bank Foreclosures by Foreclosures Phoenix http://www.callalms.com/blog/2009/bank-foreclosures/comment-page-1/#comment-103 Foreclosures Phoenix Thu, 10 Dec 2009 19:32:00 +0000 http://www.callalms.com/blog/?p=184#comment-103 As well as REO properties... there are great fix and flip opportunities at trustee and sherrifs sales. so many properties in the phoenix area get listed each day for trustee sale, many with built in equity. Prime for the pickin. As well as REO properties… there are great fix and flip opportunities at trustee and sherrifs sales. so many properties in the phoenix area get listed each day for trustee sale, many with built in equity. Prime for the pickin.

]]> Comment on Bank Foreclosures by Tony Cartman http://www.callalms.com/blog/2009/bank-foreclosures/comment-page-1/#comment-79 Tony Cartman Wed, 02 Dec 2009 17:27:37 +0000 http://www.callalms.com/blog/?p=184#comment-79 Bank foreclosures are great investment. You must apply for a website that provide listings to search for a good property to invest into Bank foreclosures are great investment. You must apply for a website that provide listings to search for a good property to invest into

]]> Comment on New Guidelines Affect Loan Modifications Credit Scores by Mitch http://www.callalms.com/blog/2009/new-guidelines-affect-loan-modifications-credit-scores/comment-page-1/#comment-77 Mitch Wed, 02 Dec 2009 01:28:57 +0000 http://www.callalms.com/blog/?p=168#comment-77 Personally, I don't think any loan modification should have an impact on someone's credit score at all. Whose business is it if I can potentially get a better deal on my mortgage than I have now? I'm thinking that's just good business sense for the consumer. That's why I don't trust credit scores. Personally, I don’t think any loan modification should have an impact on someone’s credit score at all. Whose business is it if I can potentially get a better deal on my mortgage than I have now? I’m thinking that’s just good business sense for the consumer. That’s why I don’t trust credit scores.

]]> Comment on Differences Between Appraisals and Assessments by Saber Amine http://www.callalms.com/blog/2009/differences-between-appraisals-and-assessments/comment-page-1/#comment-73 Saber Amine Fri, 27 Nov 2009 21:37:47 +0000 http://www.callalms.com/blog/?p=176#comment-73 Great article. With so many BPO programs available it is cheap to hire an appraiser to get an accurate value for your home. In Colorado check out www.optionBPO.com Also we had many clients successfully challenge their home assessment to lower their taxes. Great article. With so many BPO programs available it is cheap to hire an appraiser to get an accurate value for your home. In Colorado check out http://www.optionBPO.com
Also we had many clients successfully challenge their home assessment to lower their taxes.

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