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 [...]
I get asked all of the time from people looking to modify their loan…”How do you know if the company you are talking to regarding modifying your loan is legitimate?”
There are a few signs to look for when researching a loan modification company. First, are they asking you questions about your current financial situation? Do [...]
For all the publicity being given to banks these days, finally I’m seeing another problem exposed that relates to loan modifications. Here’s what happen:
1) The Homeowners has been approved for a loan modification
2) Bank renegotiates the terms on the loan to give borrower a better mortgage product. However, this product (usually a 30 year fixed product) [...]
Did you know that licensed California real estate agent are not permitted to accept any upfront fees to complete a loan modification? This is true for loan modifications or any service performed by licensed agents. The Department of Real Estate requires that the service offered to the client must be completed before a payment can [...]
