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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 'home loan modification'
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 ...
Should You Do Your Own Loan Modification?
Everyone wants to know the “secret” behind getting a loan modification done. Homeowners are looking for any inside information that will get them approved for a loan modification without having to pay thousands in upfront fees. With the...
Need A Modification? Where to Start…
Okay, you know you need a modification and the whole process seems a bit daunting. Well, I’ve got good news for you… You can handle this! It’s true. Anybody can handle their own loan modification with a little guidance and help on t...
HAMP Guide to Offer relief to Homeowners . . .
Did you know that since the “Obama Plan” was released in March, mortgage lenders have still foreclosed on 1.6-million homes.? Crazy isn’t it. The idea that mortgage lenders are going to stop the foreclosure process to help homeown...
Life Going to Get Easier for Homeowners Looking for a Modification
Have you noticed that every media outlet tells homeowners not pay someone upfront fees to handle your loan modification? Yet, these same media outlets do not provide any solutions to homeowners on how to modify their loan if they do not pay upfront f...
Saxon, Citi Mortgage, Home Equity, WAMU Agreeable to Modifying Loans…
Everyone wants to know what lenders are open to modifying loans. Well as of late, we have taken on clients who tried to modify their own loan with Saxon, Home Equity, and Citi Mortgage to name a few. Unfortunately, the homeowners worked with the lend...
How Do You Know the Loan Modification Company is NOT a Scam?
We’ve all heard horror stories about homeowners who have paid thousands of dollars up front to a loan modification company that not only could not modify their loan but could never be reached again. Basically, the loan modification company too...
How Do You Avoid A Loan Modification Scam?
Everyone has read about loan modification companies who charge you upfront fees to do your loan modification and then they never hear from that company again. Unfortunately this is becoming a common predicament for homeowners who are desperate to sav...
How Our Company Handles the Loan Modification Process
The primary question homeowners want answered when they are looking for a loan modification centers around “how does your company work,” or “how does your company handle the loan modification process?” We get these questions f...
Why Do Homeowners Pay Up Front Fees to Modify?
If your looking to modify your loan, chances are you know that most companies you talk to are charging you an up front fee to submit a modification application to your lender for you. On average, these fees are about $3,000, sometimes higher and not ...
My mortgage payment is more than 38% of my loan..Do I qualify?
Below is an initial e-mail I received from a client. He originally tried to modify his loan on his own and when he first contacted us, he gave us some background on his situation. To protect his privacy, we have excluded his name. However, his e-mail...
Are Lenders More Open to Working with Homeowners Now?
Its been about 2 weeks now and most homeowners are even more confused about President Obama’s new modification plan and the direction they need to take with their modification. In an attempt to understand and find clarity in all of this fo...
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...
Loan Modification: Do It Yourself or Hire A Professional?
I thought this column by Ralph Roberts, a Real Estate consumer advocate, sums up what its like when homeowners try to complete a loan modification on their own. See his article below: ” ‘The average American trying to get through [to the...
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...
How to Handle Your Home Loan Modification..
We receive dozens of questions daily from homeowners in regard to loan modifications. If you’re having hard time making your payments, we can help you. Even if you’re in jeopardy of losing your home, we can help you. Our loan relief...
Can Your Mortgage Lender Reduce Your Principal Balance?
As I’ve been trying to do, I am taking questions that I frequently get from homeowners about home loan modifications on a daily basis and I’m trying to answer those questions for everyone. What I think has probably been the most difficult...
What to Expect from a Home Loan Modification
Every day when my staff and I talk to homeowners struggling with their financial situation, we get asked a lot of similar questions. Some of these questions include… How much will the bank modify my loan? Can they reduce my principal balance? I...
Questions and Thoughts from the Field…
I was talking to a client recently and they asked me how many people I thought would be able to get their loan modified form the applications I had submitted to the different mortgage lenders. I thought about it and I hesitated when I responded to he...
Do You Have a Loan With Countrywide?
Hey everyone… I have a big update today that I wanted to share with everyone. Originally the special offer below was made available to just friends and family but we were asked permission to expand the offer and were granted ...
Interested in a Loan Modification? How to Get Started..
Many homeowners are evaluating whether or not they need a home loan modification. Some of these homowners are late on their mortgage, some are not late, and some are in foreclosure. Similar to refinancing when people wait until the rates are down and...
Differences Between Refinancing and Loan Modification
A lot of people confuse refinancing with loan modification and vice versa. Althought the two are similar, there are also disctincy differences. A refinance is when you decide you want better terms on your loan or you want to take some equity out o...
Can I Do A Loan Modification Myself?
In my blogs, I’ve decided to cover questions that homeowners ask me frequently because they probably are representative of questions a lot of people are asking… Yes, you can inquire with a bank on your own regarding a home loan modificati...
