Comments on: Behind in Your House Payment? (Part 1)

By: Doug Jacobs

Doug Jacobs — Wed, 08 Jul 2009 23:31:01 +0000

I didn’t mean my list to annoy anyone. And, you’ll note that I advise trying the modification first, before anything else if the homeowener is trying to keep the house. What do you recommend if the modification doesn’t work, or delays the inevitable. There are lots of different modification programs out there. Some actually do work, some are simply a few months delay and often the homeowners can’t or don’t qualify. I’m glad your company does this. But it won’t work for everybody. Bankruptcy doesn’t always work either, but if you can’t get a modification, as the article says, maybe that’s the next step to trying to save your home.

By: Matthew Kern

Matthew Kern — Wed, 08 Jul 2009 17:01:09 +0000

Is this serious? How about special forbearance, FNMA’s Home Saver Advance? Repayment plans? FHLMC temporary forbearance? I spend all day signing people up for these programs, and the company I work for does NOT ever do 90 day repayment plans, they have to be at least 6 months, and we service about 3 million loans. You are actually recommending bankruptcy? What happens when the lender files a lift of stay and the property gets foreclosed on anyways? Or when the chapter 13 is completed, and foreclosure proceeds? Lenders are TELLING the employees to offer the HAMP, it nets around $5000 for the company. I just do not understand how it is possible to be manage a website and be so misinformed. You mention 4 different options when there are really many many more.

By: Behind in Your House Payment (Part 2) – Northern California Mortgage Mods

Behind in Your House Payment (Part 2) – Northern California Mortgage Mods — Tue, 07 Jul 2009 15:26:45 +0000

[...] part 1, we discussed what you can do to keep your home. Here, we will look at your choices if you are [...]