I purportedly qualified towards the Making House Reasonable program, and you can the bank, Lender from The united states, offered us a new, changed payment. We provided all the called for paperwork, etcetera, to your bank, and you will about what I’ve read everywhere, when you qualify and are with all this brand new payment per month, the one and only thing you need to carry out managed to make so it a long-term arrangement is to result in the (purportedly step three) trial payments timely.
We’ve not only generated about three promptly payments, however, a maximum of sixteen of those trial mortgage repayments. We constantly inquire about status and therefore are informed that people try less than comment and you can considering the runaround.
But back into your question: One of the greatest secrets throughout the loan modification procedure try one people are not guaranteed financing modification regardless if it is accepted having a try modification
Has just, we had been told that people cannot qualify for a loan modification. We had been perhaps not given an explanation why however, we were told that we you’ll re-apply. I did re-apply so we was told we didn’t be considered, once the we can most likely afford to create our very own original repayments.
Today the problem is he’s proclaiming that we are obligated to pay $50,000, whenever we is to owe approximately half of these, which the sole solution is for people to track down current to the the membership. I do have some money that we keeps secured in order to spend the money for financial, but do not has $50,000 sleeping around.