Comments on: Is My Loan Eligible for Modification Under the Obama Plan?

By: davey

davey — Thu, 16 Apr 2009 23:56:50 +0000

my house is in foreclosure ,it is an investors loan what can i do to lower my payments.

By: Paul

Paul — Wed, 15 Apr 2009 02:47:17 +0000

I was told I qualify for a loan modification according to my income ect. but the only problem I see going forward with this is that my 07 tax returns are less than 08. I think that is going to be a problem. What do you think? Also I have not missed any payments and I have an excellent credit score.[in the 800s] I was told this will impact my credit score. Do you know how much and how long? Why?

By: Real Estate Fraud | Mortgage Fraud | Flipping Schemes » Countrywide and Intent to Accelerate

Tue, 17 Mar 2009 07:23:34 +0000

[...] available and organized before you call. The modification rules have changed a bit under the Obama Plan, so you might find yourself qualifying for [...]

By: deborah

deborah — Tue, 10 Mar 2009 13:05:44 +0000

We have a small concrete business that is just barely hanging on with have lost all equipment for the business except one last truck and our personal truck which we still owe on. All are accounts for the bussines is cash only with old balances not paid 10,000 to 15,000 in personal credit cards and the balances on the eqipment repoed which is 100,000 questiion should I go ahead and file bankrupsy or try to modifiy my home loan with american general at 9.75 I think bankrupsy is unevitable but need to start with the home as our payments are 1836.12 we went from 300,000. gross to 95,000. in 08 who knows for 09 most debt is business but we were not incorp. talked to a loaon mod they said ag is different but could get 3-700 off for 3-5 years and lower the interest to maybe 6% too 3% anything would help now I’d like to be around 1200.00. Should I wait to see if Obamas plan for bankrupsy would work I don’t think I have to much time. thank you