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I'm having the same exact problem with them. I've been trying for a loan modification when I was let go by my company.

I was out of work and only on unemployment security for 6 months in NJ. Every time I sent Caliber the paperwork, they kept telling me they didn't get it or needed something else; then I'd get a letter a few days later saying they got everything. Well lo' and behold, a week later I'd call them to see how modification was going and they'd tell me they needed more information even though they had originally told me they had everything. All this started in October of 2014.

By April of 2015 my unemployment checks stopped and I was now without a job and no unemployment checks. Caliber then notifies me of a temporary modification, but I told them I couldn't meet that because I was getting no income into my house and my savings was just about wiped out. I paid the new mod for about 2 months and had to stop paying. I asked for a forebearance until I got a job.

Finally, I got a job, but at 60 years old, it was not easy finding a job when you're that old. The job I obtained was only half the salary I had previously been making. I again tried for a remodification with Caliber. Again, they kept stalling me by continually asking for information I already sent 2 or three times.

I kept telling them I wanted to pay them, but not at the $2386.00 a month I was paying previously when I had a higher paying job. I kept explaining in my hardship letters I was only making half the salary I used to make. I showed them payroll checks to prove it. They just "laughed" in my face and said they'd lower my payments to $2300.00 when my payroll checks showed I was only netting $2200.00 a month.

What the heck kind of modification was that? They are now forcing me into either selling the deed or forcing a short sale. I don't think it should have come to that. I'm sure they could work out a modification that would fit my budget, but they don't want to do it.

They keep blowing smoke up my butt pretending they're trying to help when the really aren't. They know my house is assessed a lot more than the loan and they really want the house.

Jerry M.

Reason of review: They're unwilling to remodify.

Caliber Home Loans Cons: Hate them.

Location: Clifton, New Jersey

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Guest

I have a similar situation going on with them. They lie with conviction and are motivated by greed. This is one place where the government needs to intervene.

Guest

Sorry to hear about your experience with this company. I worked for Chase (Account Relationship Manager) I averaged over 200+ accounts per month finalizing Modifications.

You have to understand people have to meet the HUD guidelines for Modifications LTV 41% DTI 32% and of course your current interest rate to the new interest rate would be based off your LTV and DTI. BUT, you are under or over you either wouldn't qualify for the fact you cant afford the new payment and would need to seek alternative solution SS or your make to much money and you can afford the payment.

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