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This is the one they denied the day before I was to make my first payment. I took money out of my 401K to make the 4 trail payments. But right now he has not worked since May and we are still waiting on his short term to kick in.

It sures sounds to me like they did not accurately calculate your monthly payment.

When it comes time to determine the final payment, you will need to be firm in what should be used as income figures. They may have deined your forbearance back in April because online installment loans direct lenders you were eligible for the HAMP program. I turned down a loan mod back around that time and then demanded the HAMP program which I finally got but not without a fight. I suggest reading up on all the guidelines so you are prepared to fight for the right payment amount, as well as long term terms on your loan.

They tried to give me a payment amount that wasnt affordable and I turned it down.

Until your loan is permanently modified, you pay or accrue the original interest rate. Your trial payment amount does not usually pay it in full and that portion is then capitalized and put on back end before final terms and payments determined for perm mod. Since 2007, the LoanSafe forums have helped millions of homeowners over the last 13 years either save their homes with a loan modification, obtain a short sale, forbearance, or walk away legally from their underwater mortgages. Now today I just got approved with IBM for a trial mod again as e had to start the process over but IBM gets stuff done two weeks and I got into the tral Chase good luck guys I am a legal person in the State of Florida and they just horse you around until they sell your loan I wish all you the best but I thank god I am with IBM and I already hjave terms of a perm mod. But if there just so happens to be readers out there who think they MIGHT have repayment problems coming up, then start early. Do absolutely anything to have some spare cash lying around (Again, I know this is unrealistic for many people). Because you will have been accruing arrears whilst on the trial mod.

Whether that would be to pay the arrears or to short sell or foreclose.

This will give you some manoeverability whilst you decide on your next option. If you apply for a mod and get denied ( most people do) you will be hit with thousands of dollars of junk fees. So the best advise is DO NOT APPLY FOR A MOD UNLESS YOU PLAN ON LETTING YOUR HOUSE GO TO FORECLOSURE ANYWAY, BECAUSE THAT IS WHERE IT IS GOING IF YOU APPLY FOR A MOD.

But if there just so happens to be readers out there who think they MIGHT have repayment problems coming up, then start early. Do absolutely anything to have some spare cash lying around (Again, I know this is unrealistic for many people).


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Because you will have been accruing arrears whilst on the trial mod.

Whether that would be to pay the arrears or to short sell or foreclose. This will give you some manoeverability whilst you decide on your next option. If you are aware that a HAMP trial is only suppose to go on for three months, and that you owe the difference in payments, you might be able to plan for a denial of the mod. Of course, if you are really honestly just barely able to pay the trial payments, and are living at the edge of starvation already, you can easily fall into the foreclosure trap that the banks have turned HAMP into for the unwary. Being in a trial is not a guarantee or even an assurance that a mod will ever be given. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice.

Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Good advice, but I applied for a loan modification April 2009...

After 10 trial payments, I recieved my denial letter (just a few weeks ago)... Luv is right- trial mod is a scam- think carefully before you sign on. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney.

If you made four trial payments, your ARE probably behind and in default. Once your trial is past 3-4 months, it goes back to regular status(even online installment loans direct lenders in the workout dept and even under HAMP rules) and the difference between your regular payments and your trial payments becomes due. They will tell you that you are still in review for HAMP, because that is what they call it until your file reaches a permanent fix or you get foreclosed on.

Each reduced payment gets you further behind and a foreclosure could end up being part of a HAMP workout.

It could add up to more than you can pay, and you can lose your home. So even though you made the first trial payment on time, you were in default immediately because they could not apply it, by law, until your second trial payment came in. Unless you are sure you qualified for a loan modification, an attorney may not be able to help.

If you have made 4 trial payments, you need to call 888-995-HOPE and ask them to make a conference call to get the true status of your loan.

The HOPE reps can make a 3 way call to a bank rep that has real access to your file, not just access to the status.

If someone has not been approved for a permanent HAMP mod after 4 trial payments, it usually means that they were denied for a HAMP mod, and they are under review for another option, like personal loans maryland an inhouse mod maybe, under the HAMP program. Some online installment loans direct lenders people sail right through, some have problems. You may not need an attorney, and I would hope you try a free phone call first to the HOPE number. The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem.

The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. You should try to use paragraphs so what you are sayinig is more understandable. Keep in mind we are all not familiar with your particular situation and it makes it difficult to understand. It seems that your loan is pretty low, so maybe you payday loans no credit will get your modification in the end, but think carefully about throwing away what little money you have. Good advice, but I applied for a loan modification April 2009... After 10 trial payments, I recieved my denial letter (just a few weeks ago)... Luv is right- trial mod is a scam- think carefully before no document loans you sign on. I have been trying to get a march together for 9 months. Of all the people I have interacted with I have 4 people who have tentatively agreed.

IF WE ALL PROTESTED WE WOULD WIN, if we all sit on our online installment loans direct lenders couches eating chips and bitching on line, we may as well just give them the keys. Additionally, when we call the Loss Mitigation department, we are repeatedly told that we are in REVIEW. The phone number I always call to discuss our account is 866-644-1569. My husband is the main person on the account, and was unfortunately one of the many people who lost their job many, many months ago. I also read that nobody with under a 600 would ever be approved for a modification. If this is true, then I hold all of the customer service representatives and all processors and all of you accountable for neglecting to tell us of this pertinent information. We have given every single customer service representative employed by Wells Fargo the utmost respect and consideration with regard to our loan status.

Whenever something is requested of me, I always follow through, making sure the Loss Mitigation department receives all requested paperwork. We do not want to foreclose, nor do we wish to short sell. Just this past July I was hired at a new company, and on multiple occasions (sometimes 4-5 times a week, even on Saturdays) have mentioned this pertinent information to every single customer service representative with whom I cheapest unsecured loans speak or to those who call me 4-5 times a week.

Every time I tell them about my updated employment information, they respond by informing me I should fax over my pay stubs to prove that you are receiving small cash loan income.

I received my first phone call from a gentleman named Antwone Hancock on the 24th of August. Actually, it was a voicemail sent to me requesting a call back to his office. I will note that his voice mail message states his online installment loans direct lenders name, the current date, and the fact that he will return all calls by the end of business day. Please let me inform you that I have called and left messages on numerous occasions, direct deposit loan and have NOT ONCE received a courtesy call from Mr. I eventually learned from one of the HAMP customer service representatives that this man is our loan processor. Must be a very important man to not return phone calls, or to even have someone else return them for him. Antwone Hancock has, to this day, NEGLECTED to return ANY of my phone calls (messages), even though his voice message states that he will return calls by the end of the day. August 31, 2010, I called the Loss Mitigation department to check on the status of my loan. I was told that a new hardship, earnings, rental income bank statement needed to be received.

So, like I normally do, I fax this to the Imaging department so it can be reviewed by any one of the people working on my account. The conclusion of the conversation with the customer service representative as usual, always concludes the same way: I ask what I should do next, and the CSR replies with please call us in a week online installment loans instant approval to check on the status. September 8, 2010, a week later, I placed a call to Mr. Hancock at the (803) 806-6832 number and was again diverted from his voicemail which notified me that he was in training until Wednesday of next week. I end up speaking with another person in the Loss Mitigation department to find out what had happened with my account after I had faxed over the paperwork requested of me on the 1st of September.