Mortgage Forum

Mike

Finally, 3 months after requesting a Loan Workout package, we received our SAXON loan modification paperwork via Fedex. I have seen many angry threads about Saxon, so I thought I would include this good news. It took countless calls and faxing the workout package over 6 times to finally get a response. We indicated on the workout income/debt page that we were upside down every month. By the way, no on ever called us, the Modification paperwork just showed up at our door. Our rate went adjustable to 10.625% and we continued to pay on time. We were offered a 5 year fixed with our original rate of 6.25%. We had the documents notarized and included the $556.00 fee. Success! :)