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 [...]
We receive dozens of questions daily from homeowners in regard to loan modifications.
If you’re having hard time making your payments, we can help you. Even if you’re in jeopardy of losing your home, we can help you.
Our loan relief program offers a loan modification process that allows homeowners and lenders to change the terms of a loan [...]
As I’ve been trying to do, I am taking questions that I frequently get from homeowners about home loan modifications on a daily basis and I’m trying to answer those questions for everyone.
What I think has probably been the most difficult part about home loan modifications for homeowners is that they don’t really understand it. [...]
Every day when my staff and I talk to homeowners struggling with their financial situation, we get asked a lot of similar questions. Some of these questions include…
How much will the bank modify my loan?
Can they reduce my principal balance?
If I miss a payment, will they help me faster?
What if the modification they give me [...]
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) [...]
