Posts tagged as:

Home Loan Modification

Take That Notice Of Default And

August 18, 2010

So, you got the Notice of Default. How’d that feel? Are you comforted that last month over 100,000 others did too? I did not think so. The Notice of Default is the beginning of a long process of foreclosure that mortifies you and protects you at the same time. The only good news is that the process takes a long time, giving you ample opportunity to workout a good solution with your lender.

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Home Affordable Modification Program

July 25, 2010

Under the Home Affordable Modification Program (HAMP) mortgage lenders were told to accelerate the review process for loan modifications. Evidently, the applications submitted by struggling homeowners were not being processed in a timely enough manner. It seems these applications were just sitting collecting dust while the threat of foreclosure loomed.

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Mortgage Modification Tips On Income

July 21, 2010

There is a backolog of hundreds of thousands of mortgage modifications and thousands more get submitted each day. Along with those applications, for thousands of honest and hard-working Americans go the best hopes of keeping their homes. So, getting the applications done right is a very important matter. Still, many…maybe even most of applicants who review their application with me before they submit it make mistakes in that section of the application. They get their own income wrong!

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Mortgage Modification 101

July 15, 2010

For anybody who has a mortgage, understanding how home loan modification programs work nowadays could be important. That’s because the economy, being in the shape it is, is forcing many more people to look at modifying their mortgages than was the case in the past. Fortunately, there are a number of programs, both governmental and private (from lenders), for doing so nowadays.

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Villains And Heroes In Housing Crisis

July 15, 2010

Millions of homeowners had high-paying jobs and lots of savings and lots of home equity when this economic mess started. Congratulations. And, a special “shout out” to those of you who still do.

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Mortgage Modification Success Requires File Inertia

July 9, 2010

A brief review of this scientific principle can help you balance your family’s budget through a mortgage modification. That’s right, high school physics to the rescue!

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