Loan Modification Information

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Services for Real Estate Pros - Real Estate Consultants

ARCHIVED BLOG POSTS

2009 

According to the Hope Now alliance of lenders there are an approximately 2.2 million home owners that are more than 60 days late on their mortgage payments, and one in six owe more than their home is worth. Is there anything these borrowers can do to save their home? Many have been under the assu...
01/30/2009
""The goal of this policy is to avoid preventable foreclosures on such assets through sustainable loan modifications and other actions that are consistent with the Federal Reserve's obligation to maximize the net present value of the assets for the benefit of taxpayers," according to the document...
01/27/2009
Loan modification, the new buzz statement of the home loan industry, but what does it mean for borrowers who can no longer afford their mortgage payments. Unfortunately, not all borrowers will be eligible for a loan modification. Nevertheless, many people would qualify for a loan modification, bu...
01/26/2009
A loan modification can be a very big help if you are struggling to meet your monthly mortgage payments.  A modified loan may lower the rate of interest you pay, extend the length of the loan, or may even provide some principal forgiveness.  One of the keys to obtaining a loan modification on you...
01/22/2009
If you are homeowner struggling to make your mortgage payments, you face the risk of foreclosure.  A mortgage loan modification is a solution that can help you stave off foreclosure and keep your home.  Foreclosure is not only detrimental to homeowners but mortgage lenders as well.  A foreclosure...
01/22/2009
If you are falling behind on your monthly mortgage payments a loan modification agreement may be just what you need to get yourself back on track and avoid foreclosure.  A loan modification agreement will modify the terms of your mortgage loan by lowering the interest rate, extending the length o...
01/21/2009
Just when I thought I was all out of options, and truly believed that I was going to lose my home to foreclosure, I came across Your Basic Guide to Do-it-Yourself Loan Modification. I had contacted several loan modification companies however; their dues were the same cost as my monthly mortgage p...
01/20/2009
Many people today have loans for various reasons from a mortgage to buy a home, to personal or business loans. Such loans are normally paid back at a set amount each month for a fixed term and when this term ends the loan ends as the loan amount plus any interest has been paid back in full. There...
01/17/2009
When stuck in a financial chaos, many people wonder how successful a do-it-yourself loan modification procedure would be. Though, such anxieties are quite baseless since the National Association of Mortgage Bankers report that loan modification requests submitted by homeowners have an sanction ra...
01/15/2009
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01/10/2009
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