ASC Mortgage Company / Loan Modification
I have been unemployed, like many in this nation, since January and it has been becoming increasingly difficult to meet my financial obligations. In fact, I currently have a monthly deficit when looking at my budget. For this reason I requested a loan modification from ASC Mortgage as part of an effort to balance my budget before the mortgage payment started to get even later and accrue even more late charges. I was refused because this mortgage company that my tax dollars bailed out will not give a loan modification to someone who can not afford their payment! I thought that was the whole point of the modification program-- to make it easier to meet your obligations! The person that worked with my file (Tyra) informed me that even if they granted a modification and lowered my payment and interest rate I would still have a deficit so they were not going to even try to help. By this train of thought they must think that going into foreclosure faster is the best option for people that paid the taxes to bail their company out! If anyone ever has their original mortgage sold to this company full of imbeciles I highly suggest an immediate refinancing with a bank that is known to them.