In 2004 purchased a home in Florida with 80/20 financing. In 2009 we had our 3rd child, adding $500 a month infant daycare to our already strapped budget. Tried to work in good faith with the companies servicing the loans. Ocwen had the 20% and were great. Dropped the interest rate for 5 years since the new boy would then be in school. Carrington said because the house was our only debt our ratios didn't meet the guidelines. The rep suggested missing payments so our file could be reviewed by their internal underwriters who had more leeway. So we did, but their underwriters said the same thing about our ratios, and by skipping payments we didn't qualify for the negative equity forgiveness program that came out a few months later. Had to transfer jobs, move 1000 miles away and do a short sal
You will need to seek counsel in Florida. I see this a lot. There have been many situations like yours involving HAMP programs.
This response should not be constued as legal advice on how to proceed as our firm does not have enough information to analyze the claim. Further, until we are in an attorney/client relationship we generally do not give specific legal advice.