Loan Modification Information

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RECENT BLOG POSTS
  In recent years millions of homeowners have faced the prospect of foreclosure.    With foreclosure not only does the homeowner lose their home but the lender loses as well.  One alternative to foreclosure is a loan modification.  With a loan modification, the terms of the loan are changed to ma...
02/19/2009
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My "Bulk REO" rants Everybody claims to have access to "Bulk lists" at 20%-35% of the current "value" and they are just looking for investors. What's funny about this is the people who are willing, able, and aggressively looking to buy a bulk REO list can't find a real one that lives up to the hy...
02/14/2009
The Loan Modification News site www.loan-deals.com has an article regarding Chase's efforts to help thoes homeowners in financial trouble. From the article: "In an effort to aid struggling homeowners, Chase bank on Friday said it plans to open five counseling centers in Florida where advisors wil...
02/14/2009
President Obama's administration has pledged to spend $50 billion to combat the front lines of foreclosures in the United States of America. President Obama said on CNN that his administration is prepared to spend up to 100 Billion Dollars to assist the national banking system in the Loan Modific...
02/11/2009
Homeowners that have loan with Countrywide who have been waiting for months for some relief are now getting the help they need to stay in their homes. In the last month Countrywide Home Loans has approved in insurmountable number of loan modifications. Not only has Countrywide approved loan modif...
02/08/2009
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
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Loan Modification News And Information