**** ALERT ALERT ALERT****
This message is for all my HomeOwners who need a helping hand, well, I too was looking for a permenant fix on my adjustable mortgage. I know that I've faxed over my Modification Information over 3458976529039 BILLION times and gor no where; I swear that HSBC was paying there employees to keep running like a dog chasing his/her tail. I even thought that they were giving out incenitives for the employee that had the most customers to STOP CALLING THEM, now ain't that NOTHING. But finally after waiting in a long line at a Housing Modification Fair, I became face to face with the BEAST themselves. I was ready, boy was I; I felt like I was going to give them a TKO. Ummmmmmm, NOPE NOPE! HSBC tighted my face quickly, but the young representative did give me some information that I am going to give you.
If you can't get a modification, then apply for a SHORT REFINANCE. For example, if you owe $150,000 on your home, the bank refinance you ONLY for what the property is worth today $100,000, and then you current lender will WRITE OFF $50,000( with no bad ratings on your credit). Thus giving you a % rate a today's loaning rate, which will take your mortgage down DRASTICALLY!!!
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