If I were you, I would ecalate/appeal – or resubmit using only your income with the divorce decree and quItclaim with ONLY your income.
Fight back!!
“Desire is the key to motivation, but it’s the determination and commitment to an unrelenting pursuit of your goal – a commitment to excellence – that will enable you to attain the success you seek.” Mario Andretti – race car driver
Expect ONLY Miracles and Question Authority!
Anna Cuevas
The Loan Mod Guru http://www.theloanmodguru.com http://www.theloanmodguru.com

I recently went through the Loan Modification with Ocwen my loan servicer and was denied. I bought my house back in 2006 with my wife, now ex wife and because she is on the loan is still financially obligated to it. In the application I had to state her income with mine even though she does not pay. I was given the house in the divorce decree but due to the arm am well over my head right now in payments. Since I was denied for the HAMP what other options might I have? Refinance is out of question I don’t have 100k in the bank to refinance it.

Thanks for your time.

I am so sorry to hear about the recent events. I would get an tenant eviction attorney to help stop the eviction, did Bank of America take your property back or did a 3rd party buy it, if Bank of America took it back I next I would write to everyone at Bank of America along with your Congressman, Senator, office of the comptroller…
detail everything that was happening, request that your foreclosure sale be rescinded. It can be done, but it is alot of leg work and pushing and writing and escalating and complaining.

I am praying for you!!!
“Desire is the key to motivation, but it’s the determination and commitment to an unrelenting pursuit of your goal – a commitment to excellence – that will enable you to attain the success you seek.” Mario Andretti – race car driver

Expect ONLY Miracles and Question Authority!
Anna Cuevas
The Loan Mod Guru http://www.theloanmodguru.com http://www.theloanmodguru.com

The HAMP guideline states they need to follow this but unfortunately they do not all follow the deferred portion of the waterfall. Servicer’s also have to follow the Servicing agreement with their investors and sometimes that agreement may prohibit certain modifications.

I hope this information helps.

“Desire is the key to motivation, but it’s the determination and commitment to an unrelenting pursuit of your goal – a commitment to excellence – that will enable you to attain the success you seek.” Mario Andretti – race car driver

Expect ONLY Miracles and Question Authority!
Anna Cuevas
The Loan Mod Guru http://www.theloanmodguru.com

I’ve been reading and this is a great sight.

My problem is Bank of America they foreclosed on our home while being review for in house modification.
This foreclosure took place because the new point of contact never replied to my calls until three days prior to sale. Even after I spoke to different departments no one wanted to postpone sale once sale took place I got to speak to assign rep. only to tell me my home sold and there was nothing they could do.
I am now facing eviction I am desperately seeking any advice.

Thank you

I have seen this before and fought it and got the modification approved.

This info below was sent to me by a really great BK attorney
“It is too late to reaffirm then.  But generally a reaffirmation is not required for a modification so I do not see this as problematic.”

I would escalate – get the reaffirmation paper from the attorney. That’s what I had the person do in the case I speak of.

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you.”
Expect ONLY Miracles and question authority,
Anna Cuevas
America’s Loan Modification Guru – Check out The Loan Mod Guru a Save Your Home Plan of Action to give you the peace of mind you need.
#1 Bestselling Author, Save Your Home

We filed BK 2 yrs. ago (2009). We went through a paralegal who was referred to us by my mother in law.
We were on our last payment of 3 payment trial loan mod. Our paralegal told us to file before we make the payment because (which made sense at the time) our bank would see that our ultimate goal was to hang on to the house so much so that we were willing to trash our credit to do so.

It stopped our loan mod in it’s tracks. And we have been trying to get another loan mod since.

My husband just recently went to the NACA convention here. He had all his paperwork but he said it seemed like ounce they reviewed it they just did not even give him a consideration.
We have since found out that the paralegal who filed our paperwork checked the box to reaffirm our home however never sent in the follow up paperwork.

So the bank has told us the only way they would be willing to help us is if we were to get an attorney, get a judge to reaffirm our mortgage and then maybe they would be willing to play ball.

I have read through your blogs but have not run across anyone with my similar situation. If you have any other options that my be available to us I would really appreciate it.

Thank you for your time,
Tami

Thank you for purchasing Save Your Home and I hope you are soon able to prepare your Save Your Home Action Plan so you can have the most accurate view of what the lender will see upon submission on your package to have the highest chance of success! I really think if you have been denied millions of times that you should consider working your strategy plan, that is why I kept the cost low.

First of all the income used is 75% of the rental and only if there is excess after any mortgage payments and expenses such as insurance and taxes. So I am unsure what you income is.

They use 31% of the gross income – 4200 x 31% = 1330.00 – monthly insurance and taxes 106ins and 979 tax = 245.00 left for the actual mortgage payment….. the income is way too low for a $365,000 mortgage balance.

I think it is important here to work on raising the income and lowering your taxes, insurance and business expenses. That is the top priority. For the best strategy plan log on to http://www.theloanmodguru.com I hope this helps.

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you.”

Expect ONLY Miracles and question authority,

Anna Cuevas
America’s Loan Modification Guru – Check out The Loan Mod Guru a Save Your Home Plan of Action to give you the peace of mind you need.
#1 Bestselling Author, Save Your Home

I am sorry to hear about your marriage situation. The HAMP program requires a divorce decree, I have seen some lenders accept a recorded legal separation agreement and proof that he lives elsewhere. I hope this helps you in your situation to apply for HAMP and I wish you the best in your situation at home

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you.”

Expect ONLY Miracles and question authority,

Anna Cuevas
America’s Loan Modification Guru – Check out The Loan Mod Guru a Save Your Home Plan of Action to give you the peace of mind you need.
#1 Bestselling Author, Save Your Home

Congratulations on your new baby on the way!! The agreement you received was not a HAMP correct? If it was not a HAMP you can reapply.

My suggestion would be to reapply for the HAMP loan modification – first try and call back and get the NPV numbers or run the numbers yourself to see how the previous income submitted to Bank of America fits in to the HAMP program. Then run your new income numbers to see how you fit in to the program now. I hope this helps.

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you.”

Expect ONLY Miracles and question authority,

Anna Cuevas
America’s Loan Modification Guru – Check out The Loan Mod Guru a Save Your Home Plan of Action to give you the peace of mind you need.
#1 Bestselling Author, Save Your Home

Provide them as much proof as possible showing that you live there… all utility bills, bank statements… anything official that you can use to prove that you are really there.
Use this information when you escalate your file to management.

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you.”

Expect ONLY Miracles and question authority,

Anna Cuevas
America’s Loan Modification Guru – Check out The Loan Mod Guru a Save Your Home Plan of Action to give you the peace of mind you need.
#1 Bestselling Author, Save Your Home

I recently divorced & was awarded the home, I have only been here for 3 years, so there is no equity.

Although they said they didn’t want my home and that they would do everything possible to keep me in it, they sure have a funny way of showing it.

I don’t know what else to do, I have to wander if this is what wants me to leave this home for a better one that is more affordable…

Is there anything that can be done about that?

Do you need your husbands unemployment to qualify for the loan modification? If so then it is true – HAMP does not allow unemployment income on the regular program only on the UP Program. Run your numbers without his unemployment income, see where you stand. Here is the information on the HAMP Unemployment UP program

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you.”

Expect ONLY Miracles and question authority,

Anna Cuevas
America’s Loan Modification Guru – Check out The Loan Mod Guru a Save Your Home Plan of Action to give you the peace of mind you need.
#1 Bestselling Author, Save Your Home

What doe the denial say – what is the reason and what are you disputing? When was the trial?

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you.”

Expect ONLY Miracles and question authority,

Anna Cuevas
America’s Loan Modification Guru – Check out The Loan Mod Guru a Save Your Home Plan of Action to give you the peace of mind you need.
#1 Bestselling Author, Save Your Home

Did they tell you why you do not qualify for a HAMP Loan Modification? Are you in imminent default? or are you late on the mortgage? How far into the 5years are you?
Try writing a detailed letter to ING CEO – try this email CEOofSavings@ingdirect.com Arkadi Kuhlmann – Chairman and President of ING DIRECT USA.

I hope this helps,

“Ask and it will be given to you; seek and you will find; knock and the door will be opened to you.”

Expect ONLY Miracles and question authority,

Anna Cuevas
America’s Loan Modification Guru – Check out The Loan Mod Guru a Save Your Home Plan of Action to give you the peace of mind you need.
#1 Bestselling Author, Save Your Home

yes I made all the first three trial payments via western union on time.

The second trial was beacuse I had to be recertified for unemployment or the extension letter and the late payment was i was sick
and could make an online payment but they only take payments over the phone .

I am going to continue paying the hamp payments what should I do next ??

should I call and ask why they say I dont qualify ?? give me how they came up with the figure

How do I get a permanent modification?

best wishes and god bless u for your time and work and u

Fiona

I am sorry you are going thru all of this…it’s a tough sutuation due to not making tgat last payment untilthe NEXT month.

Did you make the first 3 trial payments on time?
The guideline states you must pay the trial no later than the last day of the month of trial period.
What was the reason for both the 2nd trial period and the late payment?

Blessings,

Anna

thank you . I already was approved by the HAMP but now the bank wants to deny as I was late to pay one payment in dec but paid it in jan with jan payment.

I had atrial from July to sep and approved another one from oct – sep 2012. some how they donta want to refiance or midfy permantely..

I want to do a modification or refinance to lower interest rate

Help me out

Thanks

fiona

I like to refinance my home loan and visited Home Affordable Modification Program (HAMP) website.

In my case, our mortgage loan is not through Freedie or Fennie. Our loan is from ING Direct for 5 years ARM.

My question is – how we can apply for HAMP to modify our mortgage loan.

We call Home Affordable Modification Program (HAMP), they told us that we are NOT for eligible for HAMP.

My purchase price was $535,000 and current market value is around $360,000 in Orlando, FL. $350,000 is loan to pay.

Your guidence will be very help to us so, please reply.

Thanks.

PM