Every day we get calls from homeowners looking for guidance regarding a potential home loan modification. These homeowners are frustrated, angry, confused, and unsure on what they actually need to do. They blame their bank, the government, President Obama, and anyone else they feel is responsible for their plight.
That being said, the conversation usually goes [...]
As we approach the second half of 2010, many questions loom on what to expect in the housing market. As foreclosures continue to take their toll, everyone wants to hear that things will improve and the market will rebound but no one is sure how this will happen. While there have been some positive signs in 2010, [...]
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 [...]
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 [...]
Over the last month I spent a lot of time talking to homeowners specifically discussing President Obama’s modification plan. Most homeowners held out great hope that this plan would help them finally get out of their financial mess and possibly save their home if they were in danger of losing their home in foreclosure.
Well the [...]
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 [...]
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 [...]
Many homeowners are evaluating whether or not they need a home loan modification. Some of these homowners are late on their mortgage, some are not late, and some are in foreclosure. Similar to refinancing when people wait until the rates are down and then people act, many homeowners wait until they know they absolutely need [...]
