Has anyone bben foreclosed on by Nation point mortgage?

well i've not dealt with Nation Point but looks like they're not easy to deal with. Just check out from a previous discussion on Nation Point Mortgage .

Thanks

I have been trying to find out if Nationpoint can adjust my current loan because i am upside down on it, they are not willing to help and they say that I should go get re-financed ?????? that is just such crap, who is going to refi a loan that is upside down. I am considering missing a few payments to see if that will get them to pay attention to me and offer some relief, has anyone missed payments intentionally, and if so, have they responded with a loan modification or some kind of relief for you?

Welcome KEVLAR,

You will have to write a hardship letter to the lender stating the reasons why you were unable to pay the mortgage dues. If you cannot convince the lender with your hardship letter, then the lender will not be ready to give you a loan modification. So I don't think intentional non-payments of dues will help you in any way.

In my opinion, you can check out the option of forbearance with the lender. In this process, the lender may either reduces or suspends the payments for a period of time depending upon your situation. The lender will also give you an alternative payment plan. Know more about forbearance from the given link:
http://www.mortgagefit.com/forbearance.html

I have been trying to get a loan mod through Nationpoint for over a year now, my home is $150K under, I put my life savings down on my home $110K and I am on the brink of losing my home becasue I can no longer afford the monthly payment ($3,200, and that does not include the property taxes or Insurance) I have submitted loian mod requests three times with them now, and everytime I do, they tell me that I shoudl be getting a response within 7- 10 business days. THe first time I tried back in July of 2008, that process took 5 months for them to respond, the 2nd attempt took 6 months for them to repsond, again, both times I was told prior to sending the documents that the process would take 1-4 weeks. I just sent in another hardship affidavit last week and was told that this time it would only take 7-10 business days, I just called them to see if they received my fax last week, and they told me they have no record of it and that now the wait time is 3-4 weeks. It is so criminal that these SOB's can get away with this is anyone else out there having the same nightmare of a time with these guys? If so, are there any success stories of what worked to get them a loan Mod through NPoint?

Hey Guest,

I do not have a personal experience with National Point. However, I agree with you that it's quite frustrating to keep on waiting for modification of the loan. But, again, I don't think you have anything else to do. It is your lender's discretion whether or not he would approve it. BTW, are you paying your mortgage dues?

nationpoint does not seem to be well loved on this forum - is there a particular reason so many people end up using them?

was a meryl lynch company they do not opperate in good fath at all. I have been trying to get a loan modifcation for over 10mo. they dont even appear to try to give the impression of acting in good faith they dont even try cover up that they dont give a dam about there customers.

i recieved my loan thru nation point but i ended up being transfers to guam after haveing the home for olny about 3 years . could not sell the home before we left then ended up renting it out our realiter said it was the best choice at the time cause how bad the housing market was. thing were going well till the renters decided to no longer to pay rent .. we ended up getting behind on the morgage i contacted nation point abd they sent out some paper work to revitalize my loan. i filled it out wait the 7-10 days and nothing , so i contacted then and they told me the house was going up for auction , i asked about the loan mod they told me to pay the full amout i was behind before they would do anything. So i offered up 2500.00 to keep it f the auction block . sent in a letter of explination and then i was sent off to afganistan i look at my credit report and now i have a forclosure. i spoke with them today to find out when the forclosure and acution occured and they transfered me to 3 different people and no one can find anything/ i was transfered to there forclosue atourney and they have no record. im lost and cant figure out what to do next.keep calling and getting this run around is crazy

Welcome mi,

It is your lender who will let you know whether or not your property was foreclosed by them. You should keep in constant touch with them in order to find out whether or not he has foreclosed the property.