Posts Tagged ‘loan workout’
Saturday, September 19th, 2009
What You Need to Know About a Loan Modification?
As the Obama loan modification programs are there to help homeowners with loan modification either thru Making Home Affordable or Home Affordable Modification Program, there are things you as a homeowner need to know.
First of all, the banks are subsidized by our TARP money and encouraged to re-structure existing loans for homeowners. Many banks are already partially owned by the government, for example the government owns 35% of Citibank to name one. So, it seems clear that the pressure is on the banking systems to handle loan modifications and turn our economy around as quickly as possible and with the support of government loan modification programs. Read more... (555 words, 1 image, estimated 2:13 mins reading time)
Tags: loan modifiaction faq, Loan Modification, loan workout, modify mortgage loan, mortgage modification, mortgage workout
Posted in Attorney Loan Modification, Loan Modification | 2 Comments »
Monday, September 7th, 2009
How Do I Save My Home From A Foreclosure?
Many homeowners are just not able to make their monthly payments and are receiving foreclosures notices left and right. They do everything they can from calling their bank, borrowing money from friends and family, taking it out of credit cards and then finally taking out of their retirement. They make the endless calls to their lender with no help just trying to get a loan modification and getting no help. When their banks aren’t responding and usually don’t they pick up the phone and call a loan modification attorney to help them save their home. This is their last resort in hopes of qualifying for Making Home Affordable, HAMP, or just any loan modification program that is available to get them into a more affordable mortgage payment. Read more... (511 words, 1 image, estimated 2:03 mins reading time)
Tags: Attorney Loan Modification, california foreclosure, loan modificaiton, loan workout, mortgage modificaiton, save my home, stop foreclosure
Posted in Attorney Loan Modification, Loan Modification | No Comments »
Tuesday, August 25th, 2009
My loan is not Fannie Mae or Freddie Mac backed, can the Making Home Affordable Program help me?
Yes. The Program is designed to help any homeowner that is struggling to make their mortgage payment and wants to stay in their home and/or stop a foreclosure and/or short sale. The program is available for anyone whether they are behind on payments or not. They do need to show some change in why they can’t make their payments and document the change. Read more... (511 words, estimated 2:03 mins reading time)
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Answers About Making Home Affordable Loan Modification
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Tags: government loan modification, home affordable loan modificaiton, Loan Modification, loan workout, making home affordable
Posted in Attorney Loan Modification, Loan Modification | 2 Comments »
Monday, August 24th, 2009
Many 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. Read more... (469 words, estimated 1:53 mins reading time)
Tags: attorney loan mod, attorney mortgage modification, loan mod, Loan Modification, loan workout, mortgage modification
Posted in Attorney Loan Modification, Loan Modification | No Comments »
Thursday, August 20th, 2009
Data from June 2009 shows that more than 24% of homeowners owe more then what their home is worth. Data Analysts are back forth about how housing prices have bottomed and leveled off and now are on the rise again. I say which is it, like I said it changes every day! Deutsche Bank claims that by 2011, 48% of homeowners will be underwater, meaning homeowners will owe more on their home then what it is worth.
Read more... (461 words, 1 image, estimated 1:51 mins reading time)
Tags: home loan modification, Loan Modification, loan workout, lower mortgage payment, reasons to modify your loan, stop foreclosure
Posted in Attorney Loan Modification, Foreclosure, Loan Modification | 1 Comment »
Thursday, August 20th, 2009
President Obama’s administration’s $75 billion plan to refinance and modify millions of mortgages, announced back in March, is a portion of the much larger Tarp II plan. If you are a homeowner in trouble of losing your home to foreclosure, or a homeowner that has not missed a payment, but would like to refinance to a lower interest rate, you have hopefully already started calling your lender and asking for a loan modification or have contacted an Attorney based firm to handle the situation for you with the bank. The money used for this program comes from the $700 billion approved as part of Tarp I in late 2008. Read more... (486 words, 1 image, estimated 1:57 mins reading time)
Tags: Loan Modification, loan workout, making home affordable, tarp
Posted in Attorney Loan Modification, Loan Modification | No Comments »
