Zillow Advice RSS: Question-Discussion-Guide,Loan Modifications,NC http://www.zillow.com/advice/NC/mortgage-loan-modifications/question-discussion-guide/ Zillow Advice search results | Zillow Real Estate Home loan modification http://www.zillow.com/advice-thread/Home-loan-modification/521529/ Long story so bear with me. Need some solid advice. Feb of 2014 will be 5 yrs that we've been working on a modification with BofA then Ocwen. It's been one "missing or incomplete" doc after another with these guys as you can probably imagine. Seems like they've been trying to stall at every turn. Horrible experience. Initially we were having financial difficulty but now making more money than we were when we got the loan. Ocwen says the balance, with penalties and interest, is over 280,000. Initial loan was for 192K and house right now is worth about 220K. Loan is in my wife's name. My credit I'd almost to the point where I can buy one in my name. I'm not willing to pay more for a house than its worth just because they decided to drag this out for this long. Especially when my wife can almost walk away with a deed in lieu or BK. We want to keep it but wonder if the penalties can be negotiated down to what the house is worth. Not trying to get away with anything but feel like they've had more than enough time and info to make a decision long before it got to this point.<br \><br \>4 replies Fri, 13 Dec 2013 16:25:00 GMT http://www.zillow.com/advice-thread/Home-loan-modification/521529/ 2013-12-13T16:25:00Z Looking for HARP 2.0 lender in NC. Cannot use current lender. High debt to income ratio 698 Credit http://www.zillow.com/advice-thread/Looking-for-HARP-2-0-lender-in-NC-Cannot-use-current-lender-High-debt-to-income-ratio-698-Credit/487558/ Less than 90% loan to value. Total loan amount 85,000 for townhome primary residence. Cannot use current lender BBandT because I have a CHIP loan which their policy does not allow HARP refinance for. Decent credit but high debt to income (58%) prevents me from being accepted by other lenders. My loan from BBandT has no PMI and interest rate of 5.64% with 22 years to go.<br/><br \><br \>1 reply Fri, 12 Apr 2013 03:22:00 GMT http://www.zillow.com/advice-thread/Looking-for-HARP-2-0-lender-in-NC-Cannot-use-current-lender-High-debt-to-income-ratio-698-Credit/487558/ 2013-04-12T03:22:00Z Can anyone recommend a lawyer for strategic default in Charlotte, NC? http://www.zillow.com/advice-thread/Can-anyone-recommend-a-lawyer-for-strategic-default-in-Charlotte-NC/456840/ 1 reply Wed, 22 Aug 2012 18:39:00 GMT http://www.zillow.com/advice-thread/Can-anyone-recommend-a-lawyer-for-strategic-default-in-Charlotte-NC/456840/ 2012-08-22T18:39:00Z Can anyone recommend a lawyer for mortgage modification in Charlotte, NC http://www.zillow.com/advice-thread/Can-anyone-recommend-a-lawyer-for-mortgage-modification-in-Charlotte-NC/456841/ 1 reply Wed, 22 Aug 2012 18:42:00 GMT http://www.zillow.com/advice-thread/Can-anyone-recommend-a-lawyer-for-mortgage-modification-in-Charlotte-NC/456841/ 2012-08-22T18:42:00Z Can anyone recommend a lawyer for strategic default in Charlotte, NC? http://www.zillow.com/advice-thread/Can-anyone-recommend-a-lawyer-for-strategic-default-in-Charlotte-NC/453897/ 1 reply Fri, 03 Aug 2012 11:27:00 GMT http://www.zillow.com/advice-thread/Can-anyone-recommend-a-lawyer-for-strategic-default-in-Charlotte-NC/453897/ 2012-08-03T11:27:00Z is there any programs to refinance if you owe more that the value of your home http://www.zillow.com/advice-thread/is-there-any-programs-to-refinance-if-you-owe-more-that-the-value-of-your-home/444022/ <p>I know there&nbsp;is the HARP program but my home is not backed by FHA, VA&nbsp; or the other criteria.&nbsp; Any suggestions</p><br \><br \>2 replies Wed, 23 May 2012 19:39:00 GMT http://www.zillow.com/advice-thread/is-there-any-programs-to-refinance-if-you-owe-more-that-the-value-of-your-home/444022/ 2012-05-23T19:39:00Z If I get my Loan Modified, and a while later I decide to sell my home. What are the repercussions? http://www.zillow.com/advice-thread/If-I-get-my-Loan-Modified-and-a-while-later-I-decide-to-sell-my-home-What-are-the-repercussions/427978/ I live in a 3600 sq ft. home with 5 bedrooms and 2 1/2 bathrooms. I lost my small business and am unemployed with no means of&nbsp;income. My son-in-law and daughter live with me and help with rent and utilities. I am looking to get a <a href="http://www.zillow.com/loan-modification/">Loan Modification</a> and I hope for it to be approved. After my loan is modified and later I decide to sell my home (to downgrade) and move into a smaller one, what are the repercussions? Would I be allowed to sell my property while Im paying the modified amount each month? Please advise.&nbsp;&nbsp;<br \><br \>7 replies Sun, 08 Jan 2012 00:31:00 GMT http://www.zillow.com/advice-thread/If-I-get-my-Loan-Modified-and-a-while-later-I-decide-to-sell-my-home-What-are-the-repercussions/427978/ 2012-01-08T00:31:00Z What can I do to get more (or better) quotes for my loan request ZR-QMDDTHV http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-QMDDTHV/415175/ 1 reply Sun, 11 Sep 2011 19:10:00 GMT http://www.zillow.com/advice-thread/What-can-I-do-to-get-more-or-better-quotes-for-my-loan-request-ZR-QMDDTHV/415175/ 2011-09-11T19:10:00Z 80-10-10 or PMI and New Appraisal afterward http://www.zillow.com/advice-thread/80-10-10-or-PMI-and-New-Appraisal-afterward/374927/ Considering a home at 400k and doing an 80-10-10 or 10% down and PMI.&nbsp; The home is bank owned and tax value is over 600k.&nbsp; Comps are showing average sales&nbsp;of $130 a sq.ft.&nbsp;which would put&nbsp;this home at well over 450k.&nbsp;&nbsp;Can I go the PMI route and then pay for another appraisal after we move in?&nbsp; Then if the home appraises at or above 450k, can I get out of paying the PMI at that time?<br \><br \>4 replies Mon, 15 Nov 2010 03:13:00 GMT http://www.zillow.com/advice-thread/80-10-10-or-PMI-and-New-Appraisal-afterward/374927/ 2010-11-15T03:13:00Z Can you receive a loan modification with an IRS lien on the home? http://www.zillow.com/advice-thread/Can-you-receive-a-loan-modification-with-an-IRS-lien-on-the-home/365374/ 4 replies Tue, 07 Sep 2010 17:36:00 GMT http://www.zillow.com/advice-thread/Can-you-receive-a-loan-modification-with-an-IRS-lien-on-the-home/365374/ 2010-09-07T17:36:00Z My home's value is not correct. How can I have that looked at? http://www.zillow.com/advice-thread/My-home%27s-value-is-not-correct-How-can-I-have-that-looked-at/353576/ 4 replies Fri, 11 Jun 2010 18:29:00 GMT http://www.zillow.com/advice-thread/My-home%27s-value-is-not-correct-How-can-I-have-that-looked-at/353576/ 2010-06-11T18:29:00Z Can I redo my request for loan quote? Because I made a mistake on my purchase price. http://www.zillow.com/advice-thread/Can-I-redo-my-request-for-loan-quote-Because-I-made-a-mistake-on-my-purchase-price/331296/ The actual purchase price is $89,900, sorry about this.<br \><br \>4 replies Sat, 06 Mar 2010 14:43:00 GMT http://www.zillow.com/advice-thread/Can-I-redo-my-request-for-loan-quote-Because-I-made-a-mistake-on-my-purchase-price/331296/ 2010-03-06T14:43:00Z Dropping PMI Insurance http://www.zillow.com/advice-thread/Dropping-PMI-Insurance/280829/ I purchased a townhouse in March 2008 with min down and had to get PMI.&nbsp; I can now afford to give the $15,000 and get PMI dropped and payment reduced by $78.00.&nbsp; Does this make sense to anyone but me?<br/><br/>I am 58 years old and intend to stay in the house.<br \><br \>3 replies Mon, 21 Sep 2009 16:02:00 GMT http://www.zillow.com/advice-thread/Dropping-PMI-Insurance/280829/ 2009-09-21T16:02:00Z Do Zillow estimates used property tax assessed value as a component of their estimation algorithm? http://www.zillow.com/advice-thread/Do-Zillow-estimates-used-property-tax-assessed-value-as-a-component-of-their-estimation-algorithm/247849/ If so, how do I learn what assessed value Zillow used in my market value estimate?<br \><br \>1 reply Sat, 20 Jun 2009 14:17:00 GMT http://www.zillow.com/advice-thread/Do-Zillow-estimates-used-property-tax-assessed-value-as-a-component-of-their-estimation-algorithm/247849/ 2009-06-20T14:17:00Z has anyone used hope n housing? They are a non-profit group that is working on my loan modification? http://www.zillow.com/advice-thread/has-anyone-used-hope-n-housing-They-are-a-non-profit-group-that-is-working-on-my-loan-modification/217918/ 10 replies Tue, 31 Mar 2009 20:51:00 GMT http://www.zillow.com/advice-thread/has-anyone-used-hope-n-housing-They-are-a-non-profit-group-that-is-working-on-my-loan-modification/217918/ 2009-03-31T20:51:00Z home value at combined value of 1st & 2nd together http://www.zillow.com/advice-thread/home-value-at-combined-value-of-1st-2nd-together/240997/ We have very little equity in the house and my wife lost her job, making it difficult to meet all of our expenses.&nbsp; 2 kids in college too.&nbsp; Every month we inch closer to not making our payments, but have not been late yet.&nbsp; How do we get both <a href="http://www.zillow.com/mortgage/">mortgages</a> down to where we can afford them?&nbsp;<br \><br \>5 replies Sun, 31 May 2009 02:25:00 GMT http://www.zillow.com/advice-thread/home-value-at-combined-value-of-1st-2nd-together/240997/ 2009-05-31T02:25:00Z Are companies in Virginia allowed to charge upfront fees? http://www.zillow.com/advice-thread/Are-companies-in-Virginia-allowed-to-charge-upfront-fees/232843/ I was charged an upfront fee to to help with a <a href="http://www.zillow.com/mortgage/">loan</a> modification.&nbsp;I was told later by someone who worked for the company that I was probably going to be denied.&nbsp; Shouldn,t I have been told this before I paid the fee.&nbsp; My <a href="http://www.zillow.com/directory/lenders/">lender</a>, BOA, has not denied me as of now.&nbsp; I think I am being scammed.<br \><br \>1 reply Fri, 08 May 2009 18:25:00 GMT http://www.zillow.com/advice-thread/Are-companies-in-Virginia-allowed-to-charge-upfront-fees/232843/ 2009-05-08T18:25:00Z Are taking upfront fees in Virginia legal? http://www.zillow.com/advice-thread/Are-taking-upfront-fees-in-Virginia-legal/232609/ 1 reply Fri, 08 May 2009 00:55:00 GMT http://www.zillow.com/advice-thread/Are-taking-upfront-fees-in-Virginia-legal/232609/ 2009-05-08T00:55:00Z does anybody have any information on Hope n Housing. org? They are working on my loan mod. http://www.zillow.com/advice-thread/does-anybody-have-any-information-on-Hope-n-Housing-org-They-are-working-on-my-loan-mod/224673/ They advertise as an non profit group, but I am nervous about their services.<br \><br \>4 replies Fri, 17 Apr 2009 03:18:00 GMT http://www.zillow.com/advice-thread/does-anybody-have-any-information-on-Hope-n-Housing-org-They-are-working-on-my-loan-mod/224673/ 2009-04-17T03:18:00Z Bette Defarm. I got suspicious when I would talk to my lender and they would tell me nothing had be http://www.zillow.com/advice-thread/Bette-Defarm-I-got-suspicious-when-I-would-talk-to-my-lender-and-they-would-tell-me-nothing-had-be/224762/ <p>sent to them about me.&nbsp; This was a month after I had paid and sent all my information.&nbsp; Also looked up the person that is working on my case and the are listed to be over internet marketing not <a href="http://www.zillow.com/mortgage/">loan</a> mods.&nbsp; They got very angry at me when I pressed for answers and sent a nasty email.</p><br \><br \>6 replies Fri, 17 Apr 2009 14:04:00 GMT http://www.zillow.com/advice-thread/Bette-Defarm-I-got-suspicious-when-I-would-talk-to-my-lender-and-they-would-tell-me-nothing-had-be/224762/ 2009-04-17T14:04:00Z