Mortgage companies that meet?

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I lost my job in October, has paid late .. However, the current one. Central Mortgage default sent us a letter stating that we need more than 4K. We also have copies of all canceled checks. We get to run. can not talk to anyone. Pressing “9” to speak to a loan officer, they leave you wait an hour and then automatically disconnect you.

5 Comments
  1. Reply
    jlf
    April 29, 2011 at 11:29 pm

    Calling is the worst way to try to communicate. Phone calls mean nothing. Put your communication in writing and send via certified mail.

  2. Reply
    Common Sense
    April 29, 2011 at 11:55 pm

    Send them the copies certified mail with a return receipt. Unfortunately clerical error aren’t subject to state or federal regulation.

  3. Reply
    kemperk
    April 30, 2011 at 12:00 am

    sorry but it is time to contact a real estate attorney.

    you need to give your lender the “riot” act and see if you can teach them manners.
    Few people succeed at that. MOST lenders today are bullies

  4. Reply
    godged
    April 30, 2011 at 12:08 am

    I agree that a certified letter is a good start. Or go on the Central Mortgage website and see if there are some insights there on how to talk to a real person. I heard of one person calling their local elected official and the borrower received a call from someone at their bank the same day.

    I suspect the $ 4,000 is late fees and other stuff they have tacked on, but that seems really excessive.

  5. Reply
    Max
    April 30, 2011 at 12:31 am

    I agree. It’s time to get some help. You might want to stop trying to go it alone and talk to some professionals. Talk to lots of loan mod companies and attorneys. Don’t stop with just one. Ask lots of questions and you’ll get lots of free, useful information. Some will try to pressure you to go with them but just ignore it. Start now! Don’t think that the bank has your best interests in mind, especially those bandits at Central Mortgage. They’re trying to squeeze every last dollar out of you.

    Consider calling HUD at (800) 569-4287 and take advantage of their free financial counseling services. Another good place to start is the website the Federal Government set up to educate homeowners about the loan modification process. See http://www.makinghomesaffordable.gov.

    Your goal is to learn as much as you can about the process before you contact your lender so you will be prepared and able to meet their guidelines. Take the time to do your homework and your time and effort will be well spent. Thousands of homeowners have gotten the mortgage loan modification help they needed, you can too!

    Homeowners don’t need to pay a company to obtain a loan modification. However, sometimes it can be better to have someone, such as a lawyer or credit counselor, negotiate on your behalf. A good strategy is to talk to as many experts as you can prior to contacting your bank. Many of these services will give you a free consultation.

    A good site I used to begin the education process can be found at http://www.credit-hub.net/loan-modification where I entered some details about my current mortgage and the company got back to me multiple loan modification proposals.

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