Comments on: Why Is Renegotiating Your Mortgage With Your Bank Is So Hard? http://www.therealestatebloggers.com/2008/10/30/why-is-renegotiating-your-mortgage-with-your-bank-so-hard/ Real Estate Blog, Mortgage, and Development News Sat, 21 Nov 2009 03:38:54 -0600 http://wordpress.org/?v=2.8.6 hourly 1 By: Jane http://www.therealestatebloggers.com/2008/10/30/why-is-renegotiating-your-mortgage-with-your-bank-so-hard/comment-page-1/#comment-414538 Jane Tue, 27 Oct 2009 20:39:32 +0000 http://www.therealestatebloggers.com/2008/10/30/why-is-renegotiating-your-mortgage-with-your-bank-so-hard/#comment-414538 I have been trying to get the bank that holds my mortgage to modify my loan since last spring. Each time I complete all of the necessary paperwork, I get a letter that says I am missing documents. Often I am missing the exact items that I sent in. Of course it takes over a month to get any response from the bank with each new packet I send in. It is impossible to connect with a real, English speaking person on the phone and their website requires an id and password which you can not get without opening a savings account. Is it time to contact a lawyer? I have been trying to get the bank that holds my mortgage to modify my loan since last spring. Each time I complete all of the necessary paperwork, I get a letter that says I am missing documents. Often I am missing the exact items that I sent in. Of course it takes over a month to get any response from the bank with each new packet I send in. It is impossible to connect with a real, English speaking person on the phone and their website requires an id and password which you can not get without opening a savings account. Is it time to contact a lawyer?

]]> By: Bill http://www.therealestatebloggers.com/2008/10/30/why-is-renegotiating-your-mortgage-with-your-bank-so-hard/comment-page-1/#comment-411330 Bill Mon, 21 Sep 2009 20:17:45 +0000 http://www.therealestatebloggers.com/2008/10/30/why-is-renegotiating-your-mortgage-with-your-bank-so-hard/#comment-411330 Know two folks going through this right now. They are beyond frustrated and stomping mad. Hope to see the day soon where the system gets smoothed out. Nice post...thanks. Know two folks going through this right now. They are beyond frustrated and stomping mad. Hope to see the day soon where the system gets smoothed out. Nice post…thanks.

]]> By: Property Qwest Blog - Real Estate News and Housing Data http://www.therealestatebloggers.com/2008/10/30/why-is-renegotiating-your-mortgage-with-your-bank-so-hard/comment-page-1/#comment-290870 Property Qwest Blog - Real Estate News and Housing Data Mon, 03 Nov 2008 21:53:55 +0000 http://www.therealestatebloggers.com/2008/10/30/why-is-renegotiating-your-mortgage-with-your-bank-so-hard/#comment-290870 Hi Tom, Well said. There's much going on behind the scenes that people don't see and many of those, even us paying attention to these matters on a day to day basis, don't fully understand. The loan mess and the endless bundling is a perfect example of the complexities. Again, thank you for your thoughts. Hi Tom,

Well said. There’s much going on behind the scenes that people don’t see and many of those, even us paying attention to these matters on a day to day basis, don’t fully understand.

The loan mess and the endless bundling is a perfect example of the complexities.

Again, thank you for your thoughts.

]]> By: Tony Sena http://www.therealestatebloggers.com/2008/10/30/why-is-renegotiating-your-mortgage-with-your-bank-so-hard/comment-page-1/#comment-290157 Tony Sena Sun, 02 Nov 2008 02:58:56 +0000 http://www.therealestatebloggers.com/2008/10/30/why-is-renegotiating-your-mortgage-with-your-bank-so-hard/#comment-290157 In addition I have had several short sales in the last 2 weeks get offers and I have left messages and still have not received a return phone call from the lender? The banks should either make a decision to either get short sales done in a timely manner or flat out not accept short sales! In addition I have had several short sales in the last 2 weeks get offers and I have left messages and still have not received a return phone call from the lender? The banks should either make a decision to either get short sales done in a timely manner or flat out not accept short sales!

]]> By: Tony Sena http://www.therealestatebloggers.com/2008/10/30/why-is-renegotiating-your-mortgage-with-your-bank-so-hard/comment-page-1/#comment-290156 Tony Sena Sun, 02 Nov 2008 02:55:57 +0000 http://www.therealestatebloggers.com/2008/10/30/why-is-renegotiating-your-mortgage-with-your-bank-so-hard/#comment-290156 It is very discouraging for homeowners who are trying to sell their home as a short sale and they can't get the banks to give answers. I don't know how many times we have had offers and it takes the banks 2-3 months to get back with an answer. You can't expect buyers to wait around that long!!! It is very discouraging for homeowners who are trying to sell their home as a short sale and they can’t get the banks to give answers. I don’t know how many times we have had offers and it takes the banks 2-3 months to get back with an answer. You can’t expect buyers to wait around that long!!!

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