Many people are confused about the loan modification process. Because different banks all have their own procedures and qualifications, this is understandable. When adding in the guidelines provided by the Making Homes Affordable (MHA) program and the Home Affordable Modification Program (HAMP), figuring out how to go about negotiating a successful loan modification can be a nightmare. As a result, many homeowners turn to third party Attorneys to help them with their loan modification.
Posts Tagged ‘attorney mortgage modification’
Questions About Loan Modifications
Monday, December 14th, 2009Government pressures lenders Making Home Affordable
Friday, September 11th, 2009Government putting pressure on lenders to ramp up Making Home Affordable?
As foreclosure filings remain high, in the month of August foreclosure filings remained relatively flat. Realty Trac counted over 350,000 foreclosure filings nationally in August and says that its data covers over 90% of households nationally.
Recently with more banks forcing homeowners during the short sale process to sign promissory notes to repay some of the debt could force more homeowners into foreclosure and out of the short sale process. Usually, by this point most homeowners have tried a loan modification but were struggling with the banks to get one.
How a Loan Modification can help you
Monday, August 24th, 2009Many people are going through hard times in the current state of the economy. If you are one of the many scrambling to keep up and can no longer afford your mortgage payment each month, it may be a smart move to look into getting a loan modification. There are many options within the loan modification arena that may be possible and help you save your home. As a homeowner, making a call to a qualified California Loan Modification Attorney Firm can help you to assess your current options. The consultation is free and will help you to map out a game plan for moving forward with saving your home.
