Comments on: Details About The New Making Home Affordable Program http://www.ncnblog.com/2009/03/04/details-about-the-new-making-home-affordable-program/ Debt Reduction Rocks - We Are Living Debt Free! Fri, 10 Feb 2012 00:09:10 +0000 hourly 1 By: TAIWO http://www.ncnblog.com/2009/03/04/details-about-the-new-making-home-affordable-program/comment-page-1/#comment-152785 TAIWO Thu, 19 Mar 2009 23:58:57 +0000 http://www.ncnblog.com/?p=2265#comment-152785 I PURCHASEHED MY HOME IN 2005, AT THE TIME OF THE CLOSING THE AGENT INFORMED ME THAT THE BANK COULD NOT APPROVED ME FOR THE LOAN BUT COULD APROVE MY SON, I HAD TO CHOICE BUT PUT SON. BUT DIDN'T REALISE IT WAS A VARIABLE RATE. THE LOAN WAS MODIFIED THE LOAN LAST YEAR NOVEMBER WITH PAYMENT OF $3868.71 AND FIXED RATE OF 8.75%. BUT MY SON NOW WANTS IS NAME OFF THE LOAN. I DO HAVE H/H INCOME OF ABOUT $98,000 PER YEAR BUT MY CREDIT RUNS IN THE LOWER 500+ AND AM NOW TRYING TO DO AN ASSUMPTION OF THE MORTGAGE BUT THE VALUE HAS DROPPED, BUT HOW CAN I HAVE THE RATE AND MONTHLY PAYMENT LOWER? PROPERPTY IS IN DELAWARE. CAN I GET HELP FROM THE GOVERNMENT. PAYMENT IS UPTODATE. I PURCHASEHED MY HOME IN 2005, AT THE TIME OF THE CLOSING THE AGENT INFORMED ME THAT THE BANK COULD NOT APPROVED ME FOR THE LOAN BUT COULD APROVE MY SON, I HAD TO CHOICE BUT PUT SON. BUT DIDN’T REALISE IT WAS A VARIABLE RATE. THE LOAN WAS MODIFIED THE LOAN LAST YEAR NOVEMBER WITH PAYMENT OF $3868.71 AND FIXED RATE OF 8.75%. BUT MY SON NOW WANTS IS NAME OFF THE LOAN. I DO HAVE H/H INCOME OF ABOUT $98,000 PER YEAR BUT MY CREDIT RUNS IN THE LOWER 500+ AND AM NOW TRYING TO DO AN ASSUMPTION OF THE MORTGAGE BUT THE VALUE HAS DROPPED, BUT HOW CAN I HAVE THE RATE AND MONTHLY PAYMENT LOWER? PROPERPTY IS IN DELAWARE. CAN I GET HELP FROM THE GOVERNMENT. PAYMENT IS UPTODATE.

]]> By: Kathy http://www.ncnblog.com/2009/03/04/details-about-the-new-making-home-affordable-program/comment-page-1/#comment-152733 Kathy Thu, 19 Mar 2009 11:22:15 +0000 http://www.ncnblog.com/?p=2265#comment-152733 We could use help too. We live in NJ and our fixed rate is adjustable every year because of the taxes. My husband has a pension and I'm on disability. Can we qualify or just stop paying our mortgage for a few months first than we can cathc up on other bills? My husband also has another job - still can't make ends meet. We could use help too. We live in NJ and our fixed rate is adjustable every year because of the taxes. My husband has a pension and I’m on disability. Can we qualify or just stop paying our mortgage for a few months first than we can cathc up on other bills? My husband also has another job – still can’t make ends meet.

]]> By: Tim http://www.ncnblog.com/2009/03/04/details-about-the-new-making-home-affordable-program/comment-page-1/#comment-150910 Tim Thu, 12 Mar 2009 10:02:53 +0000 http://www.ncnblog.com/?p=2265#comment-150910 making homes affordable policy was the reason we got into this housing mess to begin with. making homes affordable policy was the reason we got into this housing mess to begin with.

]]> By: Naima http://www.ncnblog.com/2009/03/04/details-about-the-new-making-home-affordable-program/comment-page-1/#comment-149851 Naima Fri, 06 Mar 2009 14:40:31 +0000 http://www.ncnblog.com/?p=2265#comment-149851 I am at a lost as to which way to turn. I paid a home rescue program $2,500 to do a loan modification for me. In the midst of our process our mortgage was again sold to another servicing company. This servicing company refuses to even consider us for a modification. We have struggled to make these past two payments in full. But with my husband having lost his second job, this is a real hardship on us and has caused us to fall back on all our other obligations. I don't know who to trust or where to turn. This is such a mess now. I continually hear about the modification process, but am finding no relief at all in this. I agree that the website looks like something a grade school student put together. Had I come across this in a search, I would have passed it over as a scam. All I can do is pray, wait and see. I am at a lost as to which way to turn. I paid a home rescue program $2,500 to do a loan modification for me. In the midst of our process our mortgage was again sold to another servicing company.

This servicing company refuses to even consider us for a modification. We have struggled to make these past two payments in full. But with my husband having lost his second job, this is a real hardship on us and has caused us to fall back on all our other obligations.

I don’t know who to trust or where to turn. This is such a mess now. I continually hear about the modification process, but am finding no relief at all in this.

I agree that the website looks like something a grade school student put together. Had I come across this in a search, I would have passed it over as a scam.

All I can do is pray, wait and see.

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