One of the most common questions homeowners want answered is how does a loan modification affect your FICO or credit score. There are a few pieces to this question and we will try to break it down in this post. While we will try to cover it here, wondering whether or not getting a modification [...]
As the unemployment numbers increase and the economy stalls, many homeowners who have missed multiple mortgage payments have received notices of default on their home . If you are behind on your mortgage, you know that you are served various papers from your lender constantly and it’s hard to determine what documents you should pay attention to.
This post [...]
Most industry experts spend so much time telling homeowners how to get their loan modified, they don’t tell homeowners what to do when their application eventually gets denied by their mortgage lender. Unfortunately, about 80% of all applications get denied so it is obviously a large amount of homeowners that are getting overlooked.
These homeowners assume their situation is hopeless [...]
Many homeowners are experiencing the worst of this economy. They are experiencing both a hardship that doesn’t allow them to afford their current mortgage payment and their home is worth less than the total of the mortgages on their home.
What to do what to do… Homeowners are undecided as to whether or not they [...]
Everyone wants to know the “secret” behind getting a loan modification done. Homeowners are looking for any inside information that will get them approved for a loan modification without having to pay thousands in upfront fees. With the Home Affordable Modification Program (HAMP) otherwise known as the Obama Plan or Making Home Affordable Program, the lenders have uniform guidelines [...]
Okay, you know you need a modification and the whole process seems a bit daunting. Well, I’ve got good news for you…
You can handle this!
It’s true. Anybody can handle their own loan modification with a little guidance and help on the side. Some people just don’t want to deal with their lenders and that is [...]
Did you know that since the “Obama Plan” was released in March, mortgage lenders have still foreclosed on 1.6-million homes.? Crazy isn’t it. The idea that mortgage lenders are going to stop the foreclosure process to help homeowners is a myth. They help homeowners who know what they are doing when it comes to following the loan [...]
Have you noticed that every media outlet tells homeowners not pay someone upfront fees to handle your loan modification? Yet, these same media outlets do not provide any solutions to homeowners on how to modify their loan if they do not pay upfront fees. Now if you’ve tried the free services offered by the government, [...]
Everyone wants to know what lenders are open to modifying loans. Well as of late, we have taken on clients who tried to modify their own loan with Saxon, Home Equity, and Citi Mortgage to name a few. Unfortunately, the homeowners worked with the lenders for months but were only able to get their payment [...]
We’ve all heard horror stories about homeowners who have paid thousands of dollars up front to a loan modification company that not only could not modify their loan but could never be reached again. Basically, the loan modification company took the money and ran. Unfortunately it has been a common occurrence as homeowners are desperate to do [...]
