Mortgage Default Negotiations

RamRE1279 profile photo

I was wondering if anyone has had expirence in negotiating with a lender to come to a modification , reinstatement or a repayment plan? I am going to have to do this for a family member to try and get them back on track and save there home, but I have no expirence in this area..... and it has been impossible to find much on the negotiation part.... either they dont know or they are not tellin..... Is it an accual negotiation or is it more send in the paperwork and wait? maybe a little bit of both? Thank you for any help you can offer.

Comments(6)

  • joewo28th February, 2007

    i have found the easiest way is to have them extend the loan.dont worry god is always with us!

  • JohnLocke28th February, 2007

    joewo,

    Glad to meet you.

    Quote:On 2007-02-28 20:31, joewo wrote:
    i have found the easiest way is to have them extend the loan.dont worry god is always with us!

    Just received a private message from St. Peter, he says God, likes his name capitalized, after all he deserves it.

    John $Cash$ Locke
    [addsig]

  • RamRE127928th February, 2007

    God is with us who take action... dont just talk but DO....... and he/she does like the caps.... I got the same memo.

  • mcole5th January, 2007

    As already indicated, there are still a few lenders that will do 100% NOO loans. And you can do them with stated income. In fact, you can even get them as a single loan with no PMI, which ends up better than most any 80/20 blended rate.

  • mcole5th January, 2007

    As already indicated, there are still a few lenders that will do 100% NOO loans. And you can do them with stated income. In fact, you can even get them as a single loan with no PMI, which ends up better than most any 80/20 blended rate.

  • jpress2nd March, 2007

    Who?


    Quote:
    On 2007-01-05 07:55, mcole wrote:
    As already indicated, there are still a few lenders that will do 100% NOO loans. And you can do them with stated income. In fact, you can even get them as a single loan with no PMI, which ends up better than most any 80/20 blended rate.

Add Comment

Login To Comment