UCONN Home Loan Modification Denied

Industry News

In other words, Theresa, all refinances are being treated like a completely new loan. Yes the lenders think they are the victims, I don’t think so. I have seen a lawtyer yet, not sure if that will help either.

One thing I would suggest… try a short sale. If you can find a knowledgeable Realtor and you are careful on the tax and recourse issues it is better for your credit and may get you back into home ownership much faster.

Pretty easy for a servicer to say no to that. The banks knew that with the loans they were originating that the people would not be able to buy pizza for their family after they reset.

University of NYC
70 Washington Sq.
New York, NY 10012