Well good luck for those of you who do manage to get a loan modification like I did. I jumped thru every hoop…I paid the exhorborant amount demanded…I signed the documents…I got out of foreclosure and my first payment was due July 1, 2009. I made that payment by Western Union on June 29th…to allow plenty of time to reach Saxon by July 1st. Then I received a letter from a local realtor wanting me to talk with them about a short sale, since my home was in foreclosure????? Sure enough…I couldn’t access my account at Saxononline because it said “THIS ACCOUNT IS IN FORECLOSURE!!!” I immediately called them and they stated they were in receipt of my July 1st payment, however, I owed them a loan modification fee. They took over 3/4 of my payment and left the other 1/4 as “Unapplied” on my account. Put me back in foreclosure! THERE WAS ABSOLUTELY NOTHING IN THE LOAN MODIFICATION DOCUMENTS ABOUT A LOAN MODIFICATION FEE!

So beware, those of you who think you’ve finally broke through to Saxon and have a loan modification. BEWARE! BEWARE!BEWARE!