Sentences with phrase «denied loan modifications»

They will also look for borrowers who were denied loan modifications when they may have been eligible for one.

This is after trying to negotiate lower payments with my lender and being denied a loan modification program (for stupid reasons!).

But even with guidelines and regulations, a bank can do the minimum or figure out a reason to deny a loan modification.

As it was just simply way too much house and not what we wanted for ourselves anyway (and, actually, being stuck with the entire, very expensive mortgage payment was not an option), we opted to strategically default and put it on the market as a short sale after being denied a loan modification that might've made it affordable for us to stay.

So if your lender declines your loan modification or if they come back with some bogus terms that you simply can't afford, that don't provide you with the sort of meaningful relief you need to keep your house, then remember, a short sale is always a viable alternative to simply letting it go to foreclosure in the event that the bank denies your loan modification.

Then they were told they were denied their loan modification, went through a process to reinstate the loan, back and forth, late fees, loan fees, unspecified additional fees, more fees, then some fees, then some non-payment fees, and then given ONE HOUR to send payments to TEXAS and it goes on and on.

Not exact matches

If you are denied a HAMP modification or making home affordable loan, you may consider a sale in compromise.

If your lender has denied you for a loan modification and you have the ability to make your full, normal monthly payment, you may qualify for refunding.

If you were denied home loan assistance (such as a request for a loan modification, short sale or deed in lieu), you may be able to dispute the decision.

On the other hand, if a person or family makes too little money the bank can say you don't make enough money to afford the mortgage payments - loan modification denied.

If someone makes too much money the bank can say even though you owe more than the property is worth, you can afford to make the payment - loan modification denied.

If a trial or permanent loan modification is denied because of a net present value calculation, the specific reasons in the notice provided to the borrower must include the inputs used in the net present value calculation.

A transferee servicer may be unable to make a determination on an appeal when, for example, the transferor servicer denied a borrower for a loan modification option that the transferee servicer does not offer or when the transferee servicer receives the mortgage loan through an involuntary transfer and the transferor servicer failed to maintain proper records such that the transferee servicer lacks sufficient information to review the appeal.

Ten percent of the recent admissions to the program are still in trial loan modifications, awaiting a decision on whether they will be approved for permanent status, with another 10 percent having been denied or dropped out of the program.

This is one of the most common reasons that Minnesota loan modifications are denied.

This lawsuit by Ms. Fletcher is following along the same aggressive, fight - back at the bank stance that Lisa Wigod took in her lawsuit against a denied mortgage loan modification up in Illinois and the battle that Amira Jackmon is fighting with Wells Fargo in a legal courtroom over in California.