Homecomings Financial

[SuzieQ]

Your story is similar to mine to the tee and incidentally it is with the same lender Homecomings.They agreed to modify our loan in Nov 07 after we were asked to pay a month's mortgage through western union. We stayed in touch with them at least once a month to enquire about the status and we were always told that they are working on it. We eventually recieved a mail from them hoping that it was the agreement that was enclosed however,it was a letter asking us to send the same information that was provided to them three months earlier. We complied and the wait game started all of over again. Then on the first week of may we received another letter asking for the same information,this time even though we were concerned about what's going on over there we nevertheless complied once again. A week after our compliance we received a voicemail from Homecomings asking us to call. We finally called and we were told that we were not qualified for modification because our income is $200.00 less than our expenditure. That was when we were informed that our home is going back into foreclosure and we eventually received a letter form their attorney stating the same. We are now dealing with them through a counseling agency inorder to forstall the foreclusure schedule for 05/22/2008. It seems that for the most part the left doesn't know what the right hand is doing over there. Why is it called loan modification when ther are incapable to provide temporary or permanent relief to borrowers in distress like us. Zakmal