Posted on: 22nd Sep, 2009 10:11 am
I was denied a lm and told I did not make enough income. I make 47,000 a year and have been on my job for 2 years. I got behind just before I got this job and had to file Chpt 13 to save my house. Now I'm having hell trying to get my loan modified. I have a second income from my partner which i did not include the first time, but I'm also worried about the wording in my note that states my adjustable will not be less than 8.75%. I'm soo frustrated I don't know what to do with America's Servicing Company that is owned by Wells Fargo!
hi guest,
if the lender feels that you do not have enough income in order to pay off the dues after a loan modification, he would never accept your offer. you have mentioned that you filed for chapter 13 bankruptcy. in that case, you must have received a repayment plan in order to pay off the dues within 3-5 years. are you not able to pay your dues as per the repayment plan?
thanks
if the lender feels that you do not have enough income in order to pay off the dues after a loan modification, he would never accept your offer. you have mentioned that you filed for chapter 13 bankruptcy. in that case, you must have received a repayment plan in order to pay off the dues within 3-5 years. are you not able to pay your dues as per the repayment plan?
thanks
Why are you not including your second income? it will help you in a great way.
You cna alwsy go back and resubmit yoru loan modification request alogn with your partners income
That may help you to qulify for loan modification
That may help you to qulify for loan modification