Are you in one of these situations? You owe more than your house is worth. You can't sell your house. You can't refinance your house. Your mortgage payments are increasing with no end in sight. A bank won't give you a new loan due to low credit or no equity. Every month your situation continues t
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06/18/2009
Mortgage Loan Modification There has been some good news for troubled homeowners seeking mortgage loan modification. New mortgage loan modification programs were announced that are aimed helping delinquent borrowers more easily obtain a mortgage loan modification to avoid foreclosure. First, Bank
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06/17/2009
Are you struggling to pay your mortgage? Late in your payments? A loan (or mortgage) modification may help. What is a modification? It is an adjustment in terms that may lower your payments and help you stay more easily in your home! Why would a Lender agree to this? Lenders don't want to take
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06/17/2009
Homeowners stuck with sub prime or adjustable rate mortgages will soon be getting the home loan modification help they desperately need. Several new home loan modification programs have been launched by the Federal government and lenders to make it easier for delinquent homeowners to get a home l
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06/17/2009
The Obama administration wants to spend up to $100 billion on efforts to help homeowners, especially those facing foreclosure. But one of the leading ideas on how to do that - rewriting home loans to make mortgages affordable to struggling borrowers - is based on a startling lack of data about wh
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06/17/2009
If you are behind on your mortgage, a Loan Modification may save your home from entering foreclosure. With a Loan Modification, your mortgage loan is restructured to make payments more affordable and within your budget. Usually it is in the form of a rate reduction and fixing the rate for a certa
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06/17/2009
The California civil code 2945 et seq. makes it a crime for foreclosure consultants (loan modification companies) to operate without Department of Real Estate's(DRE) All of the companies who are doing operation of Loan Modification BEWARED !!!!! Call me for better answers 1-818-279-3079 The Calif
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06/16/2009
http://www.shirley-shirley.com WASHINGTON (Reuters) – More than 58 percent of U.S. home loans modified in 2008 did not result in a decreased monthly payment, and those modifications often did not produce sustainable mortgages, according to a report released on Friday. The recent data on re-defaul
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06/16/2009
Many Americans face foreclosure as of today's financial crisis. They're falling behind on their mortgage payments, and worry about the loss of their home. At the same time, many of them don't know about Loan Modification. Loan Modification is the process of lowering your interest rate and terms t
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06/16/2009
Here are examples of common loan modification plans: http://www.shirley-shirley.com Forbearance – reduces your monthly payments temporarily (typically 1-5 years) to cover a brief hardship, at which time the payments revert to the original amount Forbearance to Mod – a short forbearance plan (typ
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06/16/2009
