Hate to say this but I am really getting bad and doing updates. Well work was a bit weird for a while and now I have gone from credit card collections to the Mortgage world of Loss Mitigation. My company moved me to a whole nother world.... Mortgage!
But hey, the good news is I still have a job. They could have said...we no longer need your services, but lucky for me the company I work for moves people around instead of out the back door.
Let's see... what I am now doing is helping with the Home Affordable Modification program that the government came out with about a year and a half ago. We really do try to help people keep their homes. Trust me the banks don't want to be saddled with a boat load of empty homes. They would rather help lower your monthly payments due to job loss, death of a spouse or some other major life problem that keeps people from paying their regular mortgage payment than have to kick people out on the streets leaving people homeless and the bank with an home empty, unattended to and just waiting to be vandalized.
From what I have learned so far is that people who check with the their lenders for help go through most of the necessary steps and then drop the ball on their paper work. This seems to be what I am seeing most. If you go through all the motions of trying to save your home then please, please return your paper work... all of it. People are getting kicked off these programs for not returning documentation that is asked for. It is such a pity to see this happen. FYI... it may take a while to get this done, just stay in contact with your mortgage provider or lender while trying to get through the process.
If you can no longer afford to make your monthly loan payments, you may qualify for a loan modification to make your monthly mortgage payment more affordable. Millions of borrowers who are current, but having difficulty making their payments and borrowers who have already missed one or more payments may be eligible. Here is the website to find out I hope this helps.
http://makinghomeaffordable.gov/modification_eligibility.html
Always check with the company that services your loan about a Modification it's free because Foreclosure rescue and mortgage modification scams are a growing problem. Homeowners your must protect yourselves so you do not lose money—or your home.
Just be sure to check and read the website listed above for all kinds a good information you need to know about making an informed decision about the Home Affordable Modification program.
And you may find if you not eligible for the HAM your mortgage company may have other plans to assist you. You won't know unless you pick up the phone and ask.
A word to the wise...if you are in the beginnings of having financial problems and need help call before you start to get behind.
Have a blessed day everyone and keep your thoughts positive!
Dianne in Texas
Just be sure to check and read the website listed above for all kinds a good information you need to know about making an informed decision about the Home Affordable Modification program.
And you may find if you not eligible for the HAM your mortgage company may have other plans to assist you. You won't know unless you pick up the phone and ask.
A word to the wise...if you are in the beginnings of having financial problems and need help call before you start to get behind.
Have a blessed day everyone and keep your thoughts positive!
Dianne in Texas
