I have been waiting for a source like this for several months. By now, almost everyone (certainly every distressed homeowner) is aware of the possibility of getting their distressed mortgage modified. The huge mystery to me is that a homeowner would trust their mortgage company to give them optimum terms. Why would anyone really think the mortgage lender is on their side? If the distressed homeowner tries to negotiate their own mortgage modification, they have a fool for a client.
We now know the REST Report is the fail-proof tool to get a beneficial mortgage modification from your lender. The REST Report uses the bank’s own software to calculate a mortgage modification to a new payment of 31% of new, stable income. Get more info here: Give your lender a Mortgage Modification or Short Sale Offer They Can’t Refuse or click the Do it yourself mortgage modification link on my home page.
Submitted by WSN_Staff on Tue, 10/06/2009 – 14:16
One newspaper pretty squarely pointed a finger this weekend at CitiFinancial of Citigroup Inc. (NYSE:C), we’ll let you choose which finger. It seems that CitiFinancial’s mortgage offices may have been working on some interesting dealings with one couple in Iredell County. Reportedly the Citi staff went as far as showing up in Ronnie Fruia’s hospital room while he was recovering from a stroke to get him to sign papers for a mortgage modification.
Chris Adams of McClatchy Newspapers (Charlotte Observer) reports that the Ronnie and Donna Fruia had been trying to get a mortgage modification from CitiFinancial. The company, however, was pushing them to accept a modification that wouldn’t have cut their interest rate, they said. The Iredell County couple had been trying to get a mortgage modification from CitiFinancial. The company, however, was pushing them to accept a modification that wouldn’t have cut their interest rate, they said.
It was only after the hospital room drama and involvement by state regulators that CitiFinancial cut the mortgage’s interest rate from 11.5% to 5% percent, which brought their monthly payment down by $383 to $602 from $985. The mortgage modification process took process nearly 7 months.
tags:
do it yourself mortgage modification, rest report, corrupt title, mortgage servicer fraud, mortgage lender fraud, loan disposition analysis software, grand junction, colorado,mass joinder lawsuit, demand original mortgage note,sue lender for deed, sue lender for quiet title,
Originally posted 2009-10-07 21:03:46. Republished by Blog Post Promoter
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