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Showing results for tags 'Modification'.
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Hello: Bad times lead to Mortgage problems. Our Mortgage fell into arrears, and we requested a modification. Instead my Mortgage co. Assigned the Note to one of the 'distressed loan' type of lenders, but we were modified and have recovered. Almost 2 years have elapsed since I landed the decent job and we're still working diligently to recover. On my credit report, my old Mortgage co. (Saxon) shows $0.00 balance; last reported 12/10 as "120+ Days past due." But when they assigned, they were paid (something) by the new lender, and they closed my account... right? My NEW Mortgage company (RCS) is showing active, paid as agreed, and all is well there. My question is this: Can I-- or HOW can I-- get this old mortgage entry to show the real status, which is "assigned" or at least "paid off"? Can I get this removed based on the fact that it's no longer active? Finally, if this is a "Closed" account, then will it read like this forever (I think closed accounts don't leave your report) or will it instead fall off in the 7 year time frame?) Thank you for all your help. -- I know that's a lot of questions, and I know that any or all of my assumptions may be wrong or misspoken.
Argh! I wanted to be out of this house by now, but our particular situation is complicated and we are stuck for the moment. We filed bk7 on this house, stayed and paid. Had a very temporary bump, asked for a mod, was told we had to be late on our payments to qualify. Stopped making payments, but it took them TWO years of non payment to agree to modification. Plus, they started foreclosure proceedings. Finally got through trial mod, started making mod payments, even got a release for the foreclosure. We had a lawyer look at the mod papers, and he said that there is no way they can say we owe this because it was discharged in bk7 over 7 years ago. We can just go back to the original agreement of paying and staying. The mortgage had fallen off this year. Dh gets an alert. We check and we see that they started reporting the mortgage (as a positive) to our credit reports again?!?!?!?!? Is that even legal?
2nd modifications in my house due to deathNeed help in this topics .my house was approve for modifications.was very happy I did everything by myself.there was two death in my family .i am the one who can help for the burial three months I end up to the same situation .i did hired a law group to help me to resolved this situation they asked me $ 3385 to modified the loan which I paid I never heard anything from the bank what can I do .i don't want to loose my house.i already paid the money they ask me.please I need some help