Dual-track Foreclosures Now Forbidden

Dual-track Foreclosures (working with the homeowner on modification of the loan while simultaneously pursuing foreclosure) is now forbidden. Also forbidden, as if lenders didn’t already know, are robo-signing practices to process foreclosures. Robo signings were uncovered in 2010, when lenders hired people off the street to sign default documents in order to expedite foreclosures. Robo [...]

Hardship letter critical for mortgage relief

If you are struggling with an overwhelming mortgage payment and you apply for assistance, it’s without question you will be required to provide a hardship letter. There is a lot of misinformation out there about HARP (refinancing), HAMP (loan modification) and HAFA (short sale) all government programs created to provide mortgage relief. The Making Home Affordable © [...]

Satisfied Clients Loan Modifications Approved

Getting one home loan modification approved is hard enough, the process magnifies when multiple loans are submitted for loan modifications. The loan modification package submission is accompanied by an RMA (Request for Modification Application) which includes financials used to substantiate whether or not the loan modification meets lender guidelines. The loan modification analysis we conduct [...]

Lenders Error in Processing Loan Modification

Loan modifications are a tedious process with possibility for error at every turn and the truth is lenders lake mistakes modifying loans. Homeowners and investors are advised to interview trustworthy loan modification companies and utilize the skills of a reputable third party representative and here’s why. One of our clients received an approval for modification, [...]

Guidelines for Loan Modification Process

Loan modification is a negotiated remedy between a homeowner and the lender which enables the homeowner to remain in the home, avoiding foreclosure because of default on the loan.  The loan modification program is geared towards homeowners whose payments have become unaffordable as a result of interest rate adjustments, unexpected loss of income, or increase [...]

STOP Suffering with Over Whelming Mortgage

STOP Suffering with Over Whelming Mortgage

If you are suffering with a mortgage that is getting harder and harder to pay each month . . . STOP. . . There is mortgage help with an option that best suits your situation. It may be a loan modification…

Loan Modification -Short Sale Guide

Loan Modification -Short Sale Guide

Recorded on July 11, 2010 using a Flip Video camera.
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