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 [...]
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 [...]
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 [...]
