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The Watercooler
Anyone gotten the mortgage assistance from the government ?
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<blockquote data-quote="Signorina" data-source="post: 524802"><p>I have no advice, just please be careful. I understand that people applied for modifications, received "approval", satisfied that requirements of the modifications (made timely payments etc) only to find out months to a YEAR later that the approval was only preliminary and that they in fact were not approved once it went through underwriting (months to a year later) so they were in fact in arrears and then were foreclosed upon.</p><p></p><p>The news has been reporting on it. <a href="http://redtape.msnbc.msn.com/_news/2010/01/26/6345661-mortgage-relief-leads-to-foreclosure-notice" target="_blank">http://redtape.msnbc.msn.com/_news/2010/01/26/6345661-mortgage-relief-leads-to-foreclosure-notice</a> (i know it's old, but it was the quickest link I could find)</p><p></p><p>So do not sign ANYTHING unless you understand it 100%. Also, recent news is stating that principal forgiveness (instead of mortgage mod) may be in the works. I hate to say hold off - but it may be worthwhile if you can squeeze out a little more time <a href="http://www.usatoday.com/money/economy/housing/story/2012-04-10/fannie-mae-freddie-mac-principal-reductions-foreclosures/54149662/1" target="_blank">http://www.usatoday.com/money/economy/housing/story/2012-04-10/fannie-mae-freddie-mac-principal-reductions-foreclosures/54149662/1</a></p><p></p><p>Finally, I really think you will see your unemployment claim go thru. I think badwill is playing a game of chicken and you will win just by showing up. It's a common tactic to dispute every claim and hope the ex-employee gives up or gets another job in the meanwhile. STAY STRONG!!!</p><p></p><p>Pulling for you from the chilly WI plains....</p><p></p><p>XXOO</p></blockquote><p></p>
[QUOTE="Signorina, post: 524802"] I have no advice, just please be careful. I understand that people applied for modifications, received "approval", satisfied that requirements of the modifications (made timely payments etc) only to find out months to a YEAR later that the approval was only preliminary and that they in fact were not approved once it went through underwriting (months to a year later) so they were in fact in arrears and then were foreclosed upon. The news has been reporting on it. [URL]http://redtape.msnbc.msn.com/_news/2010/01/26/6345661-mortgage-relief-leads-to-foreclosure-notice[/URL] (i know it's old, but it was the quickest link I could find) So do not sign ANYTHING unless you understand it 100%. Also, recent news is stating that principal forgiveness (instead of mortgage mod) may be in the works. I hate to say hold off - but it may be worthwhile if you can squeeze out a little more time [URL]http://www.usatoday.com/money/economy/housing/story/2012-04-10/fannie-mae-freddie-mac-principal-reductions-foreclosures/54149662/1[/URL] Finally, I really think you will see your unemployment claim go thru. I think badwill is playing a game of chicken and you will win just by showing up. It's a common tactic to dispute every claim and hope the ex-employee gives up or gets another job in the meanwhile. STAY STRONG!!! Pulling for you from the chilly WI plains.... XXOO [/QUOTE]
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The Watercooler
Anyone gotten the mortgage assistance from the government ?
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