I applied for a mod.on my mortgage for my home in 2007!!
I submitted all the docs. 4 times. I also was told they never received the first pkt. and received partial info the second time.
They drew up an agreement that I would have to pay a "Slightly Reduced" mortgage for 4 months and at the end of that that time they would have a decision. At the end of the 3 months they said I would have to pay aonther 4 months of payments and resubmit an updated financial report. I was furious!! I then spoke to the person reviewing my case and she stated that they would raise my mortgage and not lower it!!!
She said my options were foreclosure or short sale. i am now in short sale negotiations. I am devastated! P.S.
I purchased at $507,000.000 and my home is now worth $280,000.00. They refused to reduce principle even though they will accept that price from another buyer.
My family lives off Avenue U!!!Say Hi~
Review about: Aurora Loan Services Loan Modification.