More Issues with Aurora loan Mods.
Just had a gentleman call me and asked if I could help him with a loan modification. My first question is always, “who is your lender”. He made the grave mistake of saying Aurora Loan Services. Why a mistake you ask, because I have never had any luck with ALS including my own loan which as much as I hate to admit, I’m trying to modify and have seen no relief in terms of a modification. I have had so many calls from people with ALS who have negotiated a 3 payment repayment plan under the promise of a new rate and upon completion of the payments end up denied. Very frustrating. I cant figure out what the repayment plan is for. Is it the lender simply trying to recapture as much as they can before they implode again? Who knows but bottom line is they deny the modification and ask to re-establish the payment plan as many as 3 times per some of my callers. I’ve yet to have one person say they received a better rate or terms from them.
Anybody out there with an Aurora succes story, I would love to post it here. I’m betting it wont exist.