by Agi Anderson, FL RE Broker, Certified Distressed Property Expert It was the Palm Beach Post, where I saw Bank of America extended the Florida-only incentive program that offers property owners “up to” $20,000 for a short sale, rather than going through a lengthy foreclosure. These short sale cash incentive programs include investors as well as [...]
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 © [...]
55+ Owners Struggling with Mortgage Distress
Many property owners who purchased a home 2005-2007 in an active adult community are suffering with mortgage distress. Properties have lost value and owners who are upside down with their mortgage are no…
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 [...]
Making It Affordable to Modify
A1A Financial Recovery Reduces Processing Fees
Request the Mortgage Relief Guide at: http://www.A1AMortgageReliefPlan.com
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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, [...]
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 [...]