Hello Everyone.. In 10/04 I purchased my home with my best friend. It was a deal to get me into the house because I did not have the income to support it, and my now hubby was going thru a NASTY divorce. Once everything settled down on my hubbys end, we refinance in 8/05 into just mine and my hubbys name.
I am not sure if I have come to the right place or not, but I am trying to gather as much info as possible, so that I can make an informed decision about the path that I need to go down. So, I will make my story as brief as possible, and if anyone has any suggestions, please, let me know.
In Feb 06, we refinanced again, to make a much needed home improvement that we simply could not afford. Now I know that was the biggest mistake we ever made in or lives. We got our loan thru CFIC home mortgage, and the loan was funded by Fremont Investment Corp.
Approx. 6 months later, we had to start paying HomEq servicing. Mind you, this was a 2/28 ARM, with a 9.95% starting interest rate. In July 07, we began our quest to refinance, as we knew our rate would adjust in Feb. We did the appraisal, etc, and the broker told us our loan was already done, but there were a few things that needed to be paid off prior to closing, so we did that.
Well, come Sept 07, for whatever reason the loan fell thru, and we could not make our mortgage payment. I immediately contacted HomEq to see what they could do. (for whatever reason, homeq paid our property taxes for us, which jumped our payment 1,000 per month). They told us there was nothing if we could not afford the new repayment plan. I didn't take that for an answer. I called the 995 hope line, that was a joke. I went to a HUD approved counselor, and the lady from homeq was nasty with her as well. So, since I couldn't get anything resolved with homeq, I searched and found the CEO's direct phone number. So, I called him. (mind you, this is now 10/07). He was awesome! I told him I needed to do something to get the rate fixed and help with the escrow, he said he didn't see a problem, and would have someone from that department contact me.
About 2 weeks later, a woman from the escrow dept. called me. They put my negative escrow amount into a "recoverable advance" account, and she said it was something that would have to be paid, but would not be tacked onto my monthly bill, GREAT! She said someone would contacting me from loss mitt. soon. Well, loss mitt. contacted me Nov 9. I purposed money down, and asked for a fixed rate, and consideration to drop it from the 9.95%. I faxed all my info, etc, and was told I should hear from them soon. I have called weekly, sometimes daily and everytime I called, no one had an answer. Finally, I remembered the womans number from the escrow department and call her 1/4/08. I asked her if she could tell me what was going on. She looked at my acct. and told me my loan mod was denied on 12/31/07 for not meeting criteria.
Funny how no one calls me, huh? She told me she was going to put a call into the manager there, and see what happend and get back to me on Monday. I don't know what to do.
Here are some basic facts:
I have my NOD letter dated for 1/18/08, and if I don't come up with the arrearages by then, they will accelerate my loan.
My tila docs were destroyed in a flood, so I don't have them.
I have my hud-1.
I am located in NJ.
I got all the records from my county, and my deed has my FORGED signature on it. (but it was the first refinance, not my most recent one).
I am at a loss and don't know where to start.
I would like to keep my home, but there is no way I can afford an interest rate that will reset until it hits 16%.
Any thoughts, suggestions, etc would be greatly appreciated.