Loan Mods: Submit ALL Your Paperwork! | HSH Financial News Blog

The White House has focused less on addressing the structural flaws of this program — which we feel have made a host of “unintended consequences” — and more on prodding lenders and servicers to step up their game. … More than twenty percent of homeowners have submitted no paperwork at all

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Loan Mods: Submit ALL Your Paperwork! | HSH Financial News Blog

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    Related results on Loan Mods: Submit ALL Your Paperwork! | HSH Financial News Blog

    1. I would even go so far as (if your income REMAINS THE SAME OR IS LESS), to re-submit ALL of your documents, crossing out the old date, initial, re-sign and re-date everything, and include the latest proof of income(s), (at least the last 2 pay ..... I was just granted a modification, paperwork is in hand, but I'm modifying from a 30 year fixed 6.2% rate loan to the new offer: 60 years, 4.2, adjustable. My monthly mortgage reduction is 200. Should I take the offer or not? ...

    1. I made a stink and was allowed to submit a third time. On Friday they called for more info. I have little hope that this will work because only 15% of people make it through the paperwork and first three payments. ..... No modifications are beneficial for the borrower. Never. They lower your payment on a home worth half of what you have a loan for, and you will owe more later. In addition, they are attempting to modify your loan and have no right to do so. ...

    1. Hi April,. Go back and read the whole blog post?.especially the second section. Loan Mods are more relevant now vs before. Tim. REMEMBER: Never charge anything up front and be sure to know your states laws? Tim. Terry Irmer says: ... They want the info put on their own paperwork.The course is outdated as to what to expect when you contact the lenders.You can organize everything and submit a complete package to them,they still loose paperwork,take forever to even get a ...