Melanie,
First of all you need to do your homework and check to see if the company is legit. If you would contact the Dept. of Corporations who regulates them. See if they have a license. Did you know that you should not pay any money up front and not until the work has been done.
You really should contact your lender for help and be firm with them.
wow!!!!! i'm in your boat, but i assume you got yours resolved i'm about to read all the responses to see what was your outcome. i been fighting this fight since nov.2009 keep getting denied the hamp program and the in house now we are 2 months behind almost three but i do not want to tke my 401k money out to get t all caught up i have to pay that back out of my check from work which i need every dime... i just needed a little help for a month or two... i already requested some of 401k money but waiting on it to arrive..this shouldn't be this hard. we cant refi or anything just stuck with a depreciating house only 4 yrs. old barely
I just wanted to first truly “Thank” all the fantastic advice that I received on this site. I first and foremost learned that I was not alone and that a lot of people have gone through the same thing that I have or a similar situation and not to give up hope.
Anyway, first I got advice from a Real Estate Attorney and then I also filed a complaint via e-mail and a hand written letter with every State and Housing agency you can think of. I was thinking that it probably wouldn’t go anywhere but it made me feel better. I sent out letters to The Housing Departments, Federal Loss Mitigation Department and the State Controller of the Treasury, Department of Housing etc.
Lo and behold about a month later a Representative from my Bank calls from the North America Corporate office and says that she is calling on behalf of the State Controller of the Department of the Treasury that controls banks. She told me that was a Loss Mitigation Manager from my banks Corporate office and that she would like to talk to me about a loan modification. We immediately worked out a loan modification and went back and forth a little for about two weeks. I still didn’t not receive the great offer that I once had but I did get a better offer than before with a fixed rate and 1.5% interest for the first 5 years and 4.85% after. This will help me until I am at least able to sell next year or so. The funny thing is that no one was able to tell me why they never recognized my first loan modification. My Real Estate Lawyer said that I really did have a valid case because I had proof of the modification etc. but it was going to be a little costly so I gave up that fight and went with the modification offered. Somehow my prayers were answered. This originally happened in April of this year, but I just signed the paperwork last month.
Advice to everyone, never give up. Somewhere out there is a solution or help or resources, you just have to find the right one. Be careful, there are lots of scams out there as well. Remember to be persistent and prayer works. Thanks again Mama Source Mama’s for always sharing your stories and idea’s and resources and referrals. Keep them coming.