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hgt9134

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  1. Thanks for the response. Were your trial payments the same as your finalized mod payments?
  2. Just had the most odd thing happen. I have been in Chapter 13 for almost two years which I had to file in 2015 to prevent Foreclosure. Tried for a modification with the court and attorney's permission last summer and was declined. Was also declined in 2015 before the filing. Today, my attorney contacts me out of the blue and says Citi has sent them a modification offer for me. They went back and looked at the documentation I provided last summer and said that I was actually NOW approved for a supplemental modification even though I had previously been told I did not qualify for HAMP or supplemental. Trial payments to start in June. Presumably they are no longer screwing people after trial plans? Does anyone have any insight? I have read so many horror stories about that. Any commentary would be great.
  3. I spoke with a broker today that thought that 2 year seasoning might be considered, but still waiting on that response.
  4. I put this in the Foreclosure forum, but looks like more traffic here: It has been almost 2 years since I filed Chapter 13 to avoid Foreclosure. Sale stopped May 2015. My spouse is not in the Ch 13 and not on the mortgage loan, but is on the deed. She currently has sufficient income and credit to refinance our home under any normal circumstance, but all lenders we have spoken with have said even though she is not on the mortgage (but on deed), it would be viewed that she was involved in the Foreclosure. Which I'm still not clear on because there was never actually a sale, automatic stay stopped it. Since it has been almost 2 years (22 months), what is the likelihood she could get the house re-financed, solely in her name, provided of course her income and credit are sufficient? Seems like all the seasoning guidelines I see are related to "number of years" from the foreclosure sale date, which in my case never happened, but was pre-foreclosure status.
  5. It has been almost 2 years since I filed Chapter 13 to avoid Foreclosure. Sale stopped May 2015. My spouse is not in the Ch 13 and not on the mortgage, but is on the deed. She currently has sufficient income and credit to refinance our home, but all lenders we have spoken with have said even though she is not on the mortgage (but on deed), it would be viewed that she was involved in the Foreclosure. Which I'm still not clear on because there was never actually a sale, automatic stay stopped it. Since it has been almost 2 years (22 months), what is the likelihood she could get the house re-financed, solely in her name, provided of course her income and credit are sufficient? Seems like all the seasoning guidelines I see are related to "number of years" from the foreclosure sale date, which I my case never happened.
  6. Is there any action coming out of this that might actually help people who got the run around finally get a modified mortgage? I had to file Chapter 13 to keep from being foreclosed on in 2015 after a failed modification effort. Applied for another modification last summer during my currently active Chapter 13 and was still given the run around and denial. So, I remain in Chapter 13 as a result.
  7. Would be great if anyone has any helpful info here.
  8. I guess I wasn't sure whether arrears repayment is considered part of front end in this scenario.
  9. Well, that's a difficult question to answer. Almost all of my income goes into the Chapter 13 plan. Without my spouse's income (who is not in the plan) paying other things such as utilities and groceries I doubt I would have made it this far. My mortgage payment (including taxes and insurance) is currently 33% of my gross. However, my plan payment is 62% of of my gross. Plan payment includes arrears and 1 car payment, attorney fees and some old IRS debt, but that is getting paid at end of plan (I think). Not sure if that answers your question.
  10. I posted a while back about the possibility of getting a bail out refi in my spouses name since she is not in the Chapter 13. I have abandoned that due to in being highly unlikely. Long story short, had to file Chapter 13 in May of 2015 to avoid foreclosure after failed efforts with Citi of getting a modification. I am now 14 months into my plan and its going well, but it isn't easy due to the amount of arrears I am paying back on top of the mortgage payments. I recently applied for a modification after getting trustee approval and it is in review, finally. Wonder what the chances of getting approved are? My logic and part of the documentation I sent in was based on a desire to reduce my case from 5 years to 3 years by getting a modification, presuming that would address the arrears and that my plan payment history should show good faith we are serious about staying in the home and paying for it. I am just nervous since I was declined in April 2015 for "nebulous" reasons. I will say, Citi didn't lose any documentation this time. :-)
  11. i appreciate both responses. I also spoke with a local mortgage broker and he informed me that it wasn't likely to be doable because regardless of my spouse's credit score and income being sufficient, that they would hold the past condition of the mortgage against my spouse even though she was never on the loan. I'd appreciate any other fact based answers.
  12. Here's my current situation. My spouse and I purchased new home in 2005. She was a stay at home mom at the time and was never put on mortgage. She is on deed though. Fast forward to 2012. My income really fell off and I began to slip into arrears. At that time we decide my wife needed to work and she got her real estate license and began work in the field of being a realtor in 2012. Fast forward to Spring 2015. After several failed attempts at modifications I had to file Chapter 13 to avoid foreclosure. My plan was confirmed last Fall and all payments are on time, but really painful as the arrears, which were steep are included. My spouse is not in the Chapter 13. Fast forward to Spring 2016. My spouse now after 3 full years as a Realtor has sufficient documented income, sufficient credit score to actually refinance the house on her own. My question is this, I have no idea how to go about this or if even possible. I realize I need trustee approval, but don't think that is an issue. The driving force for wanting to do this is that based on the math, a total refi in her name would actually save us $500-$600 per month. Since she was never on the mortgage and essentially has a clean credit record and substantial income, what are the options? Her FICO is 660 and on the rise, with on time car payments and one credit card. Only 660 because she was a credit ghost before 2012. Thank you.

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