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 should modify their loan now or wait until President Obama comes out with [...]
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 target both mortgage lenders, investors, and homeowners.
The article below from yesterday’s edition of the L.A. Times covers the details of [...]
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 their bank] to negotiate a loan modification will not be able to get it done!’ - U.S. Congresswoman [...]
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 breaking down where the funds will most likely be allocated:
http://www.cnn.com/2009/POLITICS/02/09/obama.news.conference/index.html
Now if your a homeowner struggling with [...]
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 that led to their financial stress. This individual lets me know that they [...]
