micquinn2003 asked:


I have a loan with Countrywide ( i know sucker) I was laid off from my second job of 24hours a week at 28$ an hour in May In early Oct i found an other job of 37$ an hour but only 8 hours a week. My other account Visa etc is < 15,000 and had a FI-CO CLOSE TO 690 My primary loan is iins erst only 5.625 % and second is 82,000 @ 7.75 I currently under water approx 200,000 I want to keeping the house

Jessica

leighlababy2002 asked:


Hello,

Does anyone know what the procedure is for a loan modification in New York State? Is there a certain amount of income that you have to make to qualify? Just what are the guidelines for a loan modification & are there reasons why someone would be turned down? Also, is it better to try a work out a modification with my current mortgage company or should I seek out another lender?

Lois

lynne asked:


i know little about what a loan modification does, from what i’ve heard i can only benefit from it but i am afraid there are bad things that come with it, if anyone can tell me more about it i’d appreciate it. also i’d like to hear about how much it costs?

Maria

Bee asked:


Hi I’m still up to day payment with pay min. require to lender. Is it easy to call lender to ask for Loan Modification to get lower rate and fix term or should I pay to law office and pay certain fee to deal with lender. Because I heard it not easy to get loan modification unless I didn’t make payment for couple months otherwise I had to know how to prevent to convince the lender to accept it.

Thanks

Ron

rrollin08 asked:


my sister wants to do a short sale, butwhat if it doesn’t sell? can she do loan modification ?

Jeanne

?Sweet? asked:


How much more affordable did a loan modification make your mortgage payments and what terms were changed on your loan?

Floyd

Grimface1 asked:


I am current on my mortgage and I have never missed a payment. I have read that If I am behind the lender is more willing to work with me. Are those loan modification companies offering to assit with your loan modification legit?

Stephen

rlb1104 asked:


I need to know if the mortgage lenders can turn you down for a loan modification. What do you do then?

Howard

Laura G asked:


I have just submitted all documentation today for my loan with Countrywide. My sell date is set for 7/1/08 and I am very afraid this may not be enough time? Any advice? Would it be possible to refinance in my husband’s name since loan is only under mine?

Leslie

HOME BUYER asked:


I need to submit an application in order to be considered for a loan modification. Does anyone know what Debt/income ratio they look for? Please help!

Tina