loan modifications

Jump to Last Post 1-2 of 2 discussions (7 posts)
  1. HAMP 101 profile image35
    HAMP 101posted 7 years ago

    <snipped - no links in the Forums>

    Does anyone know anything about HAMP GUIDELINES

    1. nell79 profile image78
      nell79posted 7 years agoin reply to this

      I'm not familiar with that website, but I do know the official government website for HAMP is www.makinghomeaffordable.gov. It's definitely a long process, but there's nothing you can't do yourself and it can be navigated successfully.

      Be careful about who you give your information to outside of your mortgage company, and don't sign anything that doesn't come from your mortgage company. There are a lot of predators out there preying on people who are desperate to save their home. I know of people in my neighborhood who thought they had received a successful loan modification, only to find out months later, after receiving a foreclosure notice, that they'd been making payments to a scamming company.

      I've written an article about this here on hubpages if you are wanting some tips on how to get through this, with a link to my blog that has detailed our experiences through this process (How to Modify Your Mortgage). It isn't easy, but when you're successful it's worth it.

      I hope this helps! Good luck to you smile

      1. gracemora profile image54
        gracemoraposted 7 years agoin reply to this

        Banks are not really modifying anymore. The more money the banks recieved from the government the less they modified. It will take you six months to a year and a half to try and get your loan modified, meanwhile the banks will try to foreclose on you. The banks are getting very sneaky and will take your home through the process of forecloser because the FDIC will give them almost a hundred thousand dollars more then what your house is worth. The banks profit more by taking your home from you and selling it right out from under you. This is why the foreclosure rate is at a record breaking high.

        Banks were bailed out, now you must find a way to bail yourself out! One of those ways is choosing to sue your lender and get the modification you truely deserve by forcing the bank to modify. <snipped - no self-promotion in the Forums>

        1. nell79 profile image78
          nell79posted 7 years agoin reply to this

          Banks are modifying, though you're right that it isn't easy and it does take a while. It took us 18 months, but we got it done. They never tried to foreclose on us in that time because I stayed on top of things and got my case escalated when I wasn't happy with the way it was being handled.

          A great forum to find other homeowners in the same situation as you, and to hear about the HAMP successes and yes, failures too, is <snipped - no links in the Forums>  I got a lot of useful tips and information from the moderators and homeowners posting there.

          I'm leary of any website or phone number given with the offer of handling things for you without having it thoroughly checked out with the Better Business Bureau (www.bbb.org). Be careful who you give your information to.

          Is it easy? No. But I'm living proof that it can be done.

          1. gracemora profile image54
            gracemoraposted 7 years agoin reply to this

            I know sweetie but the chance you took that others took and the banks did foreclosed on them. Them banks are heartless and they are doing it for Christmas and they did it in November for Thanksgiving and they stink and fighting back and not taking the chance to have them take your home is all that really matters. Congrts on your loan mod...my props, but thank the man upstairs too... Grace

            1. nell79 profile image78
              nell79posted 7 years agoin reply to this

              Oh, I definitely know I have God to thank for helping us through all of this smile

  2. HAMP 101 profile image35
    HAMP 101posted 7 years ago

    Thanks for the feed back and information, I try to keep up with all the news and changes but its hard trying to see what changes are happening unless you are dealing with real peeps who have been through the process. 

    Hope you all have a safe holiday!

Closed to reply
 
working

This website uses cookies

As a user in the EEA, your approval is needed on a few things. To provide a better website experience, hubpages.com uses cookies (and other similar technologies) and may collect, process, and share personal data. Please choose which areas of our service you consent to our doing so.

For more information on managing or withdrawing consents and how we handle data, visit our Privacy Policy at: https://hubpages.com/privacy-policy#gdpr

Show Details
Necessary
HubPages Device IDThis is used to identify particular browsers or devices when the access the service, and is used for security reasons.
LoginThis is necessary to sign in to the HubPages Service.
Google RecaptchaThis is used to prevent bots and spam. (Privacy Policy)
AkismetThis is used to detect comment spam. (Privacy Policy)
HubPages Google AnalyticsThis is used to provide data on traffic to our website, all personally identifyable data is anonymized. (Privacy Policy)
HubPages Traffic PixelThis is used to collect data on traffic to articles and other pages on our site. Unless you are signed in to a HubPages account, all personally identifiable information is anonymized.
Amazon Web ServicesThis is a cloud services platform that we used to host our service. (Privacy Policy)
CloudflareThis is a cloud CDN service that we use to efficiently deliver files required for our service to operate such as javascript, cascading style sheets, images, and videos. (Privacy Policy)
Google Hosted LibrariesJavascript software libraries such as jQuery are loaded at endpoints on the googleapis.com or gstatic.com domains, for performance and efficiency reasons. (Privacy Policy)
Features
Google Custom SearchThis is feature allows you to search the site. (Privacy Policy)
Google MapsSome articles have Google Maps embedded in them. (Privacy Policy)
Google ChartsThis is used to display charts and graphs on articles and the author center. (Privacy Policy)
Google AdSense Host APIThis service allows you to sign up for or associate a Google AdSense account with HubPages, so that you can earn money from ads on your articles. No data is shared unless you engage with this feature. (Privacy Policy)
Google YouTubeSome articles have YouTube videos embedded in them. (Privacy Policy)
VimeoSome articles have Vimeo videos embedded in them. (Privacy Policy)
PaypalThis is used for a registered author who enrolls in the HubPages Earnings program and requests to be paid via PayPal. No data is shared with Paypal unless you engage with this feature. (Privacy Policy)
Facebook LoginYou can use this to streamline signing up for, or signing in to your Hubpages account. No data is shared with Facebook unless you engage with this feature. (Privacy Policy)
MavenThis supports the Maven widget and search functionality. (Privacy Policy)
Marketing
Google AdSenseThis is an ad network. (Privacy Policy)
Google DoubleClickGoogle provides ad serving technology and runs an ad network. (Privacy Policy)
Index ExchangeThis is an ad network. (Privacy Policy)
SovrnThis is an ad network. (Privacy Policy)
Facebook AdsThis is an ad network. (Privacy Policy)
Amazon Unified Ad MarketplaceThis is an ad network. (Privacy Policy)
AppNexusThis is an ad network. (Privacy Policy)
OpenxThis is an ad network. (Privacy Policy)
Rubicon ProjectThis is an ad network. (Privacy Policy)
TripleLiftThis is an ad network. (Privacy Policy)
Say MediaWe partner with Say Media to deliver ad campaigns on our sites. (Privacy Policy)
Remarketing PixelsWe may use remarketing pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to advertise the HubPages Service to people that have visited our sites.
Conversion Tracking PixelsWe may use conversion tracking pixels from advertising networks such as Google AdWords, Bing Ads, and Facebook in order to identify when an advertisement has successfully resulted in the desired action, such as signing up for the HubPages Service or publishing an article on the HubPages Service.
Statistics
Author Google AnalyticsThis is used to provide traffic data and reports to the authors of articles on the HubPages Service. (Privacy Policy)
ComscoreComScore is a media measurement and analytics company providing marketing data and analytics to enterprises, media and advertising agencies, and publishers. Non-consent will result in ComScore only processing obfuscated personal data. (Privacy Policy)
Amazon Tracking PixelSome articles display amazon products as part of the Amazon Affiliate program, this pixel provides traffic statistics for those products (Privacy Policy)