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Home Loan Modification
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Blog on home loan modifications, how to apply for a loan modification, the formalities, latest news on the real estate loan sector etc.
Recent Posts Tagged With 'foreclosure'
What You Should Do If Served with a Foreclosure Notice?
As the unemployment numbers increase and the economy stalls, many homeowners who have missed multiple mortgage payments have received notices of default on their home . If you are behind on your mortgage, you know that you are served various papers...
Should You Short Sale Your Home or Modify Your Loan?
Many homeowners are experiencing the worst of this economy. They are experiencing both a hardship that doesn’t allow them to afford their current mortgage payment and their home is worth less than the total of the mortgages on their home. What to ...
Why Obama’s Modification Plan Isn’t Working…
Over the last month I spent a lot of time talking to homeowners specifically discussing President Obama’s modification plan. Most homeowners held out great hope that this plan would help them finally get out of their financial mess and possibly...
Should I Wait to Modify My Loan?
I talk to homeowners daily about their mortgage situation. Some homeowners have questions on the home loan modification process, foreclosure, and many other topics. In the last week, a lot of the homeowners that call our company want to know if they ...
Will Obama’s Loan Modification Plan Help You?
If your reading this post, you probably know that President Obama introduced a new plan yesterday addressing the housing crisis. There are many pieces to his plan, including loan modifications and refinancing properties that lost value, which targe...
The Latest on the Stimulus Plan…Help On the Way?
Well, it looks like the latest stimulus plan will be officially passed any day now. Although I’m not sure that they are aware of it, taxpayers have already paid $250-billion towards the previously passed stimulous plan. Here is an article break...
Loan Modifications are a Team Effort!
Yes, that’s right, getting a loan modification approved is a team effort. Typically, I get a call from one of the heads of a household inquiring about a loan modification. They ask all of the questions and give information as to the hardship th...
Who qualifies for a Loan Modification?
Most homeowners today are under the false impression that you have to be late on your mortgage to qualify for a loan modification (LM). That is incorrect. There are three main categories that fall under the most likely candidate for a loan modifica...
