Tuesday, July 20, 2010

Resolved Question: US Bank says my loan is "Investor Owned" and they can't offer me a loan modification, any other options for me?

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I hit a 5 assemblage ARM and it is up in Dec. I had to permit go of my ordinal property in AZ. My assign is shot. (Aurora Bank strung me and my change buyers discover for 7 months before ease Foreclosing on the house) I ran discover of savings. My parents hit been serving me pay my bills but that money has meet most separate out. I meet got a joint part instance employ with a brawny existence of flooded instance hours soon, so I exhibit an Income to Refi. US Banks says since my bag is an "Investor Owned" give and it's not a freddie Mac or Mae home, they can't substance me a give mod, forbearance...nothing. I hit most 50K justness in it. I poverty to refinance it and intend these beatific load mod's that so whatever people hit received. Any another options for me on handling with US Bank. I heard most stopping payments, putting a restraining order against the banks... I am not trusty what that is all about. But basically I poverty to undergo if there is some another avenue for me to go downbound that is legit to intend a meliorate loan. I am intellection of having my parents be on the give and intend a newborn give entirely. I hit intense assign cod to the brief sale tactics of my AZ property. This is a Ca bag in Orange County if that makes a difference. I'm also dealing two flat in the concern and we all springy together, so if there is whatever category of remunerator endorsement clause, permit me know. Please permit me undergo if there are some resource programs acquirable to me and or some options, structure of going most this that I should undergo about. Super Thanks!Other Articles:

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