When I saw section g, which said they were going to report me delinquent if not completely current, I expressed my concern to the rep. Fannie Mae told me I had to work through the sun trust loss midigation does a loan modification hurt your credit bank servicing my loan which is Chase. A new or recent open date typically indicates that it is a new credit obligation and, as a result, can impact the score more than if the terms of the existing loan are simply changed.

But after reading about 50 other blogs of people who received the same offer and some having already gotten their new loan, it turns out its for real. Call in 24 hours and tell them I am on an FHA modification and ask them to expedite. Because I called today and asked about the payment I currently owed and happened to get a different sun trust loss midigation does a loan modification hurt your credit associate than the one I normally deal with at Citifinancial, I got extremely lucky.

When the three months was up I called and asked for an update and they told me that my case had changed to a different department, and I would have to send in all the docs again, and that they were no longer accepting payments. My car that is 10 yers old is beginning to have problems after spending a whole school year 40 miles from home. The negative impact may be greater for borrowers with initially high credit scores.

I am so unbelievably lucky to have crossed paths with this girl. JP Morgan Chase advised us and than did nothing to help. ANY inaccuracies should be disputed on the form that comes with your credit reports and returned via certified mail.

The second tracking number ---- (which Chase said "was the return of my documents; as undeliverable) was going to Michael & Sylvia from Chase. See the petition for Elizabeth Warren here. Many homeowners who modified their home loan under Goverment's HAMP program were shocked to see their Credt Scores lowered. Insist that your servicer advise sun trust loss midigation does a loan modification hurt your credit you who owns your mortgage. Debt consolidation can provide an alternative debt consolidation alternative to bankruptcy may be a viable. I would like to state that it is a real failure of fiscal stewardship for us to pretend that these dollars are being used to help people stay in their homes and the dollars are being used for anything other than what their purpose was.

Suggested I speak to anyone in the underwriting department to find out why it was denied. Did you know there is a Florida Statute that strictly prohibits the lender to advise the borrower to default. She then said I may want to get a junior lien. We will never get another mortgage at our age. Again, FedEx clarified that if it was undeliverable after several attempts - it would come up on the tracking page and would be returned to the sender using the same FedEx tracking number.

Overall, the impact of these changes on your FICO score should be minimal. In fact, what's even more unsettling is the financial industry and their lobbyists have made it their number one priority to fight against the implementation of a Consumer Financial Protection Agency that would have the authority and power to protect consumers from the very practices you and others describe being up against. We can afford our home if they would only lower the rate, but 7.5 rate is forcing us to sell.

This is an unfair advantage that the lender is creating this business practice policy 9- month rule. They sent me paperwork, I filled it out and sent them my financials. So in my senior years I have to leave our home. I tried to have a modification done but with all the negative press I was concerned about who to choose. I was hoping that you could please supply me with the contact person that was able to accomplish what no one else there has.

I was able to re-file under a new program - and was approved. Take care of you first, the rest will follow. Said that the only thing she could do was modify to $3,787.93 for May — July.

I also received another letter stating there were programs that might be available so I can stay in my home. I need an attorney but the horrible stories i'm hearing about them is still devastating. I stressed that at $300 a month and 2 of us out of work, this was impossible. I was told time and time again that my application was being reviewed, and not to make further payments because doing so would hold up the modification.

You should try to find an attorney who is up-to-date with abusive mortgage servicing practices. If it's reported as the same loan with changes, three pieces of information associated with the loan modification may affect your score. Chase never sent me any documentation showing that more detail documentation is needed or requiring more information for documentation. We had NEVER been late more than one day for this loan.

In a panic to save the home that me and my family live in I searched everywhere for an option. They told me that I could not even apply for assistance until I made 6 months worth of payments. This whole process for me was to just reduce sun trust loss midigation does a loan modification hurt your credit $40 bucks, yes $40bucks of the monthly note. Laslty, after going through the makinghomeaffordable.com website I figured that I was eligible to do a nmodification. Hi, well i am applying for a council job and local job cover letter i need help with the letter i work in.

View current cd offers for month, highest cd bank rates month, month, year, year cd. There are several blogs here and out on the web that offer useful info on how to protect your rights. We kept up with the full payments for a year, when it became too much, I reached out to hsbc for help. It is more beneficial for the bank to foreclose on property that has equity in the house then assist them.

I think it's important for others in our situation to know that there are good people out there sun trust loss midigation does a loan modification hurt your credit who will try to help them and they should keep trying, even if the bank initially says no. However, it is November and I have not seen any paperwork. The Title Company told people to take their family to McDonalds, and discuss giving up their homes.

We had no idea until we started getting the letters from credit cards canceling our accounts and dropping credit lines by 5 figures. Heather -HAMP’s promise had borrowers flocking to their mortgage servicing companies requesting an application. Better yet, make them produce a copy of the note for you. I tracked the number and although the info was sent to Fed Ex, the package was never sent. When I would call to check status they would have a different sun trust loss midigation does a loan modification hurt your credit answer every time for why my modification wasn't done.

She said the bank realized there was a mistake prior to receiving my fax (this is after she said that no fax was ever received and that they do not have a fax number beginning with 614) and that the underwriter was to "resend" the documents. Finally, My husband went back to work this Spring and I have been working steady. The realization that nobody will step up to stop these abusive practices to many is as upsetting as the ongoing battle with their mortgage servicing company or lender that homeowners (and credit cardholders) face. Scammers Hack Celebrity Profiles and use Names to Lure Victims is the next entry in this blog.

My loan papers have "Hardship deferments as well as forberance applications" attached. In house car financing austin tx dynamic motors inc with our in house. I am NOT in forclosure and still in my home. Towards the end of 2009 and with no assistance from Chase, I contaced the HOPE hotline and gave them all of my information and proof that I previously applied for the MHA mod with Chase. Community micro lending makes loans to people who have a good idea and the.