Comments on: Hope Now vs Hope For Homeowners – Another Government Failure

By: Debie Loren

Debie Loren — Wed, 10 Mar 2010 19:19:29 +0000

This financial crisis disrupted my dream to get my residence.

By: Linda

Linda — Tue, 10 Mar 2009 15:48:55 +0000

Maybe the number applying to Hope for Homeowners is so low because the crooks really jumped on the band wagon and sought out those in need before they ever even heard of the government program – crooks like the ones identifying themselves as “Hope Now” and claiming to be somehow affiliated with the government, but are not. I was approached by one such “Hope Now” identified with a Cherry Hill, NJ address. They’ve had my money for 3 1/2 months, my credit score took a huge negative hit, after 2 months my mortgage company advised my modification had been denied, and NOBODY at this “Hope Now” calls me back. Most horrible experience ever with an individual organization!!!

WARNING!!! BE CAREFUL OF THE “HOPE NOW” NAME (get the right one)
This WRONG one claimed they take your next mortgage payment and put in a holding account until the modification is complete – when successfully completed they take that money as their payment for the services. They assure you it’s not a problem not making your next mortgage payment because within a few days (30 max) your account is frozen and there will be no late fees or additional charges incurred. It will all be worked out in the modification. When following up to ask if I could skip the next month’s payment and use to pay toward other debt, I was told “no problem, you may be able to skip the following one, as well, because we are so far behind.” Well, when the mortgage company kept calling and said they don’t “freeze” accounts, I thought something’s not right here and I resumed making payments, but was now two months behind. Told this Hope Now I did not want to deal with them anymore and I wanted my money back. All I’m getting is a run around and no returned phone calls.

By: Why Be A REALTOR When The NAR Is So Stupid : The Real Estate Bloggers

Why Be A REALTOR When The NAR Is So Stupid : The Real Estate Bloggers — Wed, 04 Feb 2009 19:56:42 +0000

[...] (read this post on the comparison if you like.) [...]

By: Seattle Inspector

Seattle Inspector — Tue, 30 Dec 2008 08:27:41 +0000

Now why don’t they for one just stop all the arms and grant a fixxed intrest to all? Would that not help with out a bailout?

By: Kyle

Kyle — Mon, 29 Dec 2008 19:06:58 +0000

I can’t believe it!!! I was reading about this wonderful program ( the hope for homeowners) and I was wondering why there wasn’t more information out there about it. ( I read everything in http://www.HopeNowMortgages.com )now I am in shock. Just 312 applications! I hope that now the government push the banks to implement no just this program but the others that were created ( also listed in the website )

By: Another Government Boondoogle - Loan Modifciation Program does not work. | San Francisco Peninsula Real Estate

Mon, 29 Dec 2008 16:46:29 +0000

[...] Tom Royce of Real estate Bloggers indicates the federal Hope for Homeowners program has taken 312 applications – 312 – that’s like 3.5 applications a day in the entire country since the program was first instituted. Our brilliant Washington DC leaders have allocated $300 BILLION dollars for this program – are you kidding me? This is a total boondoggle. Tom contracts this government program with a private program Hope Now that has helped 2.2 MILLION homeowners. [...]