Taking Pictures of the House

Today, 11/26/2010, someone drove in front of the house and took pictures. My son asked who they were and what they were doing. They said they were from the bank taking pictures for them. It was a woman driver, a man (passenger) drinking a beer and children in the back seat.

Conversation with Alice

Today, 11/12/2010, Alice from James B. Nutter Co. called to inform me that a loan modification has been approved after 2 initial denials. My new payment: approx. $479 a month down from the original $563 per month. She tells me that I have to return the letter by fax and mail within 24 hours of receipt for the offer to be accepted. I am waiting for the letter to arrive. The 3-months trial period is to start on 11/22/2010 with the first payment.

Here is a link to information on the loan modification program.

According to the above website, my new payment is still over 31% of my monthly income. I need full disclosure of the terms of the modification before I can sign any papers. I am wondering about the 24-hour deadline on signing a letter without complete disclosure of the terms of the loan.