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What is a PRe-Mod plan and will it stop foreclosure
March 26, 2008
I was in a pre-mod plan with Fremont Investments. I completed the 4 month plan as agreed (I just made my last payment of the plan) and just received a letter stating my loan has been transferred to Carrington effective 4/1/08. Fremont is telling me the modification has not taken place, and I feel as I have no guarantee that Carrington will do anything. I feel I've been lied to this whole time by Fremont.
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- We need to freeze our rate and get out of foreclosure - December 31, 2007
Comments
I too received the same letter to my surprise from Fremont and just as I was completing my 3 month plan. I phoned Carrington and was told that I would need to re-apply with them and "IF" I was approved then a modification would take place. I am about ready to walk away from my home to be rid of the stress and sleepless nights and let them worry about what to do.
I too am facing foreclosure or a short sale but was finally offered a loan modification. Im not sure if I will be able to pay what they are offering. I left my home of 20 yrs bc of the adj rate sky rocketing.how is it decided what the new payment will be?
I do not know about others; but, I have tried to do a short sale thru Carrington and they are trecherous and do not deal in good faith. I would not waist my time again.
I am able to make my next three mortgage payments on time, but after that I will not have enough due to my debt and income not enough. I need to ask mortgage for help. What kind of help will they give me. My income was slashed in half and I have incurred debt. I want to keep my home, but will they tell me I cannot since my debt is too high.
We were considering short selling our house thru carrington. Can you guys tell us what your experience was like?
Is there lawyers that can be notified who are suing Carrington and are willingly to include other homeowners that are customers of Carrington? Customers who was previous customers of Fremont Lending.
The homeowners with Carrington are you all still in your home? If so, protect yourselves.