Archive for the 'Loan Modification' Category

Why Loan Modifications are Required to be Rejected by Servicing Companies

The most recent development of President Obama administration’s Home Affordable Modification Program (HAMP) has not been good. Although more modifications are being accomplished on a cumulative basis, fewer than 10% of the applicants who qualify for a foreclosure solution under the terms of the program are given one by the mortgage servicers and banks. While […]

Alternatives To A Short Sale When You’re In Foreclosure

If you are facing foreclosure and looking for a solution you may have thought about doing a short sale on your home.  Right now short sale investors are thriving in today’s current market because of how many people in foreclosure resort to using them.  But before you consider a short sale there are several other […]

What You Pay for When You Hire a Loan Modification Company

Many homeowners do not really understand what they are paying for then they send out a few thousand dollars to a company or law firm offering loan modifications. Too often, they believe they are paying $3,000 for a guaranteed reduction in their monthly payment, interest rate, and principal due on their loan. But the reality […]

Loan Modification Frequently Asked Questions

A loan modification is quickly becoming the fastest and easiest way to stop foreclosure. A loan modification is when the terms of a loan are permanently changed for the life of the loan. There are many questions home owners have about loan modifications and hopefully this article will help clear some of them up.
How does […]

Loan Modification Questions and Answers

With the rise in foreclosures, more and more people are looking for solutions to stop the process.  As you search for help you may be thinking about a loan modification and if it is the right option for you.  There can be many pitfalls to the loan modification process; here I will go over some […]

Should You Work With A Real Estate Agent When In Foreclosure?

If you are a homeowner trying to avoid foreclosure, you have many options available to you.  Depending on your situation, some may work better than others.  You need to look and your individual circumstances before deciding on an option.  One of the main choices one considers, when trying to stop foreclosure, is to sell their […]

Top Ways To Keep Your Home From Being Foreclosed

If you are facing foreclosure or having trouble meeting your monthly mortgage payments, you may be interested in knowing sure ways.  You can save your home from foreclosure, but it means you’re going have to stay on top of things and know what to do.
1) Talk to your lender
The most important thing you can do […]

Stop Foreclose Before Its Too Late

The main key to stopping foreclosure is all about timing and not delaying or ignoring the problem.  There are dozens of ways to stop foreclosure, it’s all about what stage you are with the process and which option will work best for your situation.  If you are about to or have missed a mortgage payment, […]

Stopping Foreclosure Questions and Answers

If you are facing foreclosure and looking for ways to stop the process, you likely have many questions.  This article is going to deal with the most commonly asked questions when a person is looking for ways to stop the foreclosure.
I have received a foreclosure notice. Is there anything I can do to stop it?
Yes, […]

Early Step To Take When In Foreclosure

If you are in foreclosure and trying to stop it, you know that time is critical and need to make use of how much you have.  The best way to do this is to make sure you are taking the right steps toward stopping the foreclosure.  Otherwise you will just be spinning your wheels and […]

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