http://www.foreclosure-help-center.com/foreclosure-help-blog.html New foreclosure help tips, strategies, success stories, and questions and answers, to give you the education you need to take action. en-us foreclosure help Fri, 28 Oct 2011 09:00:08 GMT Fri, 28 Oct 2011 09:00:08 GMT foreclosure-help-center.com http://www.foreclosure-help-center.com/2mp-and-31-dti-test.html Under the 2MP program, do the banks take into consideration your new modified 1st mtg payment in order to stay with in the 31 DTI? Mortgage Loan Modification Fri, 28 Oct 2011 09:00:04 GMT http://www.foreclosure-help-center.com/traditional-modification.html Do you have to pay any fees for a traditional mod? Mortgage Loan Modification Answer: The banks do not typically as you to pay a fee to apply for a Fri, 28 Oct 2011 08:14:13 GMT http://www.foreclosure-help-center.com/do-unemployment-benefits-count-as-income.html Do unemployment payments count as income and are your bank statements proof enough that you were paid the unemployment (automatic deposit)? My bank (B Fri, 28 Oct 2011 07:48:17 GMT http://www.foreclosure-help-center.com/foreclosure-stopped-while-being-considered-for-loan-modification.html Point #13 above states that if a foreclosure is in process, it is stopped during the trial period or while alternative options are being considered. Fri, 28 Oct 2011 06:51:44 GMT http://www.foreclosure-help-center.com/will-my-credit-be-affected-by-trial-loan-modification-period.html Will my credit be affected during my 3 month trial period for HAMP? My mortgage company just approved me verbally over the phone for a 3 month trial Fri, 28 Oct 2011 05:52:26 GMT http://www.foreclosure-help-center.com/received-approval-then-next-day-denial.html I went into foreclosure then immediately started the loan modification process. After about 2 months of faxing all needed paperwork I received a letter Wed, 26 Oct 2011 07:32:44 GMT http://www.foreclosure-help-center.com/i-applied-for-a-hamp-loan-modification-but-did-not-accept-the-terms.html We applied for a modification in March of 2009. We were given a 3 month trial offer 9 months later, (that I am assuming was the HAMP Loan Modification Wed, 26 Oct 2011 07:25:40 GMT http://www.foreclosure-help-center.com/reapply-for-hamp.html My mortgage co Saxon offerred me the Hamp program to save my home. When they sent me new loan documents my trial payments was more than the original and Wed, 26 Oct 2011 07:10:43 GMT http://www.foreclosure-help-center.com/being-denied-a-modification-stating-it-was-not-owner-occupied.html In the beginning my property was purchased as a investment. due to the economy I had to make it my primary.In return I contacted IndyMac to request Wed, 26 Oct 2011 07:00:51 GMT http://www.foreclosure-help-center.com/does-every-condition-for-hamp-have-to-be-met.html Loan Modification Question: I don't qualify for the front end debt ratio but I qualify for the back end debt ratio for HAMP. Mortgage Loan Modification Sat, 22 Oct 2011 03:27:27 GMT http://www.foreclosure-help-center.com/can-only-one-person-sign-for-a-joint-mortgage-loan-modification.html Hi! In the divorce agreement I quick claim deeded him the house. He had 120 days to refinance. They refused to refinance him, but he did sign a Loan Sat, 22 Oct 2011 02:53:26 GMT http://www.foreclosure-help-center.com/bank-of-america-wants-money-up-front-as-part-of-loan-modification-approval.html I was approved for a traditional loan modfication thru B of A. They want $ 6100 up front in certified funds. Is this right ? Can't afford it. Mortgage Fri, 21 Oct 2011 08:42:38 GMT http://www.foreclosure-help-center.com/three-month-loan-modification-trial-period-whats-next.html We have recently been approved for the traditional loan modification program with GMAC. After 5 applications and many phone calls! We were just told Fri, 21 Oct 2011 08:34:51 GMT http://www.foreclosure-help-center.com/loan-mod-approved-now-bank-tells-us-not-to-make-next-2-payments.html Hello, We got a call a few days ago that our traditional loan modification was approved (it took 60 days and we made the regular payments in the interim) Fri, 21 Oct 2011 08:24:16 GMT http://www.foreclosure-help-center.com/what-can-i-do-if-my-mortgage-company-refused-to-allow-me-to-apply-for-hamp.html What can I do if my mortgage company refused to allow me to apply for the HAMP program(even though I qualified for it)? They refused to offer it to me, Fri, 21 Oct 2011 08:10:17 GMT http://www.foreclosure-help-center.com/is-there-a-certain-amount-of-money-that-you-need-to-make-on-a-monthly-basis-to-qualify-for-a-loan-modification.html Is there a certain amount of money that you need to make on a monthly basis to qualify for a Loan Modification? Mortgage Loan Modification Answer: Fri, 21 Oct 2011 07:55:55 GMT http://www.foreclosure-help-center.com/can-a-mortgage-company-stop-taking-your-monthly-payments-and-say-that-you-were-behind-then-throw-you-into-foreclosure1.html Can a mortgage company stop taking your monthly payments and say that you were behind when you weren't, throw you into foreclosure and let your payments Fri, 21 Oct 2011 07:38:40 GMT http://www.foreclosure-help-center.com/unemployment-hardship-for-loan-modification-with-bank-of-america.html BOA said I do not qualify for a 3 month forbearance on my mortgage loan. I am 3 days late to even apply. My husband's Unemployment insurance just ended. Thu, 29 Sep 2011 19:14:50 GMT http://www.foreclosure-help-center.com/counseling-with-hope.html Thought I was under a HAMP trial period. Just got a letter saying with my current level of Debt I have to work with a HOPE counselor and the letter also Thu, 29 Sep 2011 06:47:23 GMT http://www.foreclosure-help-center.com/in-foreclosure-while-making-trial-modification-payments.html Our loan is with B OF A- after 3 years of going through their process of losing our paperwork and having to start process all over which for us was over Thu, 29 Sep 2011 06:34:30 GMT http://www.foreclosure-help-center.com/2nd-mortgage-modification.html I have had my first mortgage modified since April 2011 from Citi. Getting Chase to respond to 2mp is impossible. What can I do? Mortgage Loan Modification Thu, 29 Sep 2011 06:20:47 GMT http://www.foreclosure-help-center.com/charge-off-wells-fargo-2nd-mortgage.html Anyone have a second mortgage charged off by Wells Fargo? Mortgage Loan Modification Answer: I have heard of Wells Fargo settling for cents on the Thu, 29 Sep 2011 06:09:16 GMT http://www.foreclosure-help-center.com/Credit-Repair-After-Foreclosure.html Credit repair after foreclosure is vital, and the good news is it's fairly easy to get started. Things you can do immediately to get back on track are easier than you think. Thu, 22 Sep 2011 06:04:21 GMT http://www.foreclosure-help-center.com/hamp-loan-modification-denied-under-investor-guidelines.html I have a loan under ASC and I think owned by Wells Fargo. I was told that I did not get approved because I even though they extended my 5yr interest Only Thu, 22 Sep 2011 01:30:57 GMT http://www.foreclosure-help-center.com/how-to-apply-for-a-hamp-loan-modification.html HOW DO I APPLY FOR A HAMP MODIFICATION LOAN AND WITH WHOM? Mortgage Loan Modification Answer: You can apply for a HAMP loan modification 2 ways: 1. Thu, 22 Sep 2011 01:30:21 GMT http://www.foreclosure-help-center.com/in-3-month-trial-period-now-fourth-month-and-gmac-says-dont-make-anymore-payments.html This is my second time going through the loan modification program. The first time,they denied me saying I didn't send in the correct papers when I did, Wed, 21 Sep 2011 06:56:04 GMT http://www.foreclosure-help-center.com/upon-first-sign-of-trouble-making-full-mortgage-payments-i-applied-for-loan-mod-with-hud-approved-advisor.html My question is this: I started my first attempt to modify my mortgage, as recommended by Fannie Mae, with a Hud approved advisor when my fiance moved Wed, 21 Sep 2011 06:49:51 GMT http://www.foreclosure-help-center.com/traditional-loan-modification1.html My property is now in preforeclosure. I applied for the HAMP program and was denied by my bank. They told me today they are reviewing my file for a traditional Wed, 21 Sep 2011 06:45:37 GMT http://www.foreclosure-help-center.com/completion-of-loan-modification-trial-period.html AFTER THE TRIAL PERIOD AND ALL THREE PAYMENTS ARE COMPLETE - WHAT OTHER DOCUMENTS ARE NEEDED FOR FINALIZATION AND PERMANENT LOAN MODIFICATION ??? Mortgage Wed, 21 Sep 2011 06:25:37 GMT http://www.foreclosure-help-center.com/if-you-are-in-foreclosure-and-are-paying-on-other-land-will-you-lose-that-too.html If you are in foreclosure and are paying on other land will you lose that too??? Mortgage Loan Modification Answer: If you are in foreclosure with one Wed, 21 Sep 2011 06:18:26 GMT http://www.foreclosure-help-center.com/2nd-mortgage-foreclosure.html What options do I have when my 1st mortgage was modified, but the same bank foreclosed on my 2nd mortgage? I have plenty of equity in my home and could Wed, 21 Sep 2011 06:08:20 GMT http://www.foreclosure-help-center.com/do-we-really-need-to-be-destitute-and-in-default-to-be-approved-for-a-mortgage-loan-modification.html You have stated earlier that they will look at accounts that are in default, but if you're still making mortgage payments on time, they will essentially Thu, 21 Apr 2011 06:25:15 GMT http://www.foreclosure-help-center.com/second-modification-on-existing-hamp-we-received-notice-to-foreclose-we-are-2-months-behind-in-payments.html We are 2 months behind on our HAMP approved mortgage due to loss of employment December 2010. We are not making our expenses. We are not eligible for Thu, 21 Apr 2011 05:57:53 GMT http://www.foreclosure-help-center.com/hamp-trial-payments.html We just made our second Hamp trial payment and they said we are being reviewed for our permanent modification and will know in 10 days. I thought all Wed, 26 Jan 2011 17:57:57 GMT http://www.foreclosure-help-center.com/preforeclosure-help.html What about Quit Claim form? What does that actually mean? I'm asking because i tried everything i could to do the loan modification myself since my ex Wed, 26 Jan 2011 17:50:21 GMT http://www.foreclosure-help-center.com/loan-oigination-date-before-01012009.html If the loans (first and second mortgages) were originated on 12/02/2008(application taken and signed by loan officer)but the loan with BofA has a date Wed, 26 Jan 2011 17:40:30 GMT http://www.foreclosure-help-center.com/traditional-modification-with-citimortgage.html Knowing that my loan balance was higher than the maximum for the HAMP loan modification program, I applied with Citimortgage for a traditional loan modification. Wed, 26 Jan 2011 17:30:12 GMT http://www.foreclosure-help-center.com/loan-modification-success-stories.html Although loan modification success stories seem far fewer than the loan modification nightmares found online, we've putogether a collection of successful loan modification results below to serve as inspiration and hope for those who are presently in the process of getting their loans modified. Mon, 17 Jan 2011 07:15:16 GMT http://www.foreclosure-help-center.com/preapproval-for-vahamp-loan-modification.html I was pre-approved for a VA HAMP loan modification by BOA. What does this pre-approval suggest? Thanks! Mortgage Loan Modification Answer: Congratulations Tue, 11 Jan 2011 06:44:24 GMT http://www.foreclosure-help-center.com/how-do-they-calculate-gross-income-for-retired-borrowers-on-a-loan-modification.html How do they figure gross income for a loan modification for retired people? Mortgage Loan Modification Answer: For loan modification purposes, gross Fri, 07 Jan 2011 00:18:04 GMT http://www.foreclosure-help-center.com/loan-modification-trial-period-with-bank-of-america.html I am $33,000. behind in payments and fees. I have a sale date 1-20-2011. Underwriter did approve me for loan modification trial period. Loan is with Fri, 07 Jan 2011 00:00:55 GMT http://www.foreclosure-help-center.com/is-there-an-application-process-for-2mp-loan-modification.html I was told by the Executive Response Unit and also the Department that handles the 2MP that I need to give citi time to 'implement' the new October 2010 Wed, 29 Dec 2010 16:41:22 GMT http://www.foreclosure-help-center.com/on-three-month-loan-modification-trial-period-payment-and-stopped-on-fourth-month.html I DID THE THREE MONTH TRIAL PERIOD PAYMENT ON THE FOURTH MONTH I DID NOT PAY WHAT WILL HAPPEN NOW? Mortgage Loan Modification Answer: My question Wed, 15 Dec 2010 09:17:01 GMT http://www.foreclosure-help-center.com/loan-modification-question-about-pnc.html My auction date is 1/5/10- been thru the process for 16 months. To no avail of saving home, been fighting a rough fight and basically I am down to the Sun, 05 Dec 2010 06:21:16 GMT http://www.foreclosure-help-center.com/three-year-foreclosure.html When my husband lost his business and became ill shortly after, I also lost my job. This was 4 plus years ago. We maxed our credit cards to pay our mortgage Sat, 27 Nov 2010 21:36:28 GMT http://www.foreclosure-help-center.com/already-nearly-3-months-behind-in-payments-but-hamp-modification-just-got-approved.html I was just informed that I qualify for modification at 2 1/2 percent which would decrease my payments from $1260 to $926. Will I also have to pay up Sat, 27 Nov 2010 01:00:06 GMT http://www.foreclosure-help-center.com/4-people-on-loan-2-want-a-loan-modification.html Hello, My sister & her husband, and me and my husband are all on the note and title for a loan. Sister and husband are the primary borrowers and occupy Wed, 24 Nov 2010 21:41:26 GMT http://www.foreclosure-help-center.com/for-a-citimortgage-fannie-mae-traditional-loan-modification-does-the-loan-need-to-have-been-originated-before-january-1-2009.html I purchased my home in October, 2008. In April, 2009, I refinanced my loan. In November, 2009 I lost my job and applied for a modification. My loan Wed, 24 Nov 2010 17:28:17 GMT http://www.foreclosure-help-center.com/traditional-loan-modifications-on-rental-properties.html Can a person apply for a Traditional Loan Modification if the property being modified is currently being rented? Mortgage Modification Answer: Yes, Tue, 23 Nov 2010 22:28:39 GMT http://www.foreclosure-help-center.com/on-trial-basis-with-hamp-and-now-getting-laid-off.html I am in my first month with HAMP mortgage trial period and it looks like I will be getting laid off from my job. Since my salary will drop quite a bit Tue, 23 Nov 2010 04:21:25 GMT