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Have you heard the word foreclosure lately? Foreclosure is a word that a mortgage lender does not like to hear. However, there’s a bright light that everyone should be aware of-any loan can be modified. Recently, President Obama has proposed a loan modification plan. |
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Read more... [Obama's Foreclosure Plan]
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Loan Modification Agreement FAQ How long should a loan modification take to finish?
The entire process should take between 30 and 60 days from start to finish. What if I am current with my mortgage payments? Can I still get a Modification?
Yes, you are still eligible for a loan modification. |
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Read more... [Loan Modification Agreement]
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Mortgage Loan Modification in the News Mortgage loan modification has been in the news lately. The government and our President have commented on it too. The federal government is stepping in and considering federal loan guarantees to banks that offer loan modification to borrowers that are facing foreclosure or default. The housing recovery is definitely related to the economic recovery. Stopping the slippery slope of foreclosures is the number one priority. It seems like everyone is watching and hearing about loan modifications, but how does the average American go about getting their loan modified? Can they do it themselves or should they pay a company to do it for them? |
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Read more... [Mortgage Loan Modification]
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5 Questions Answered About Loan Modifications Homeowners that are delinquent and distressed are looking for help to speed up the loan modification process. Specifically, homeowners are looking to speed up the agreement process with home loan lenders. In a loan modification, borrowers are given a long term solution to avoid foreclosure by changing their current home loan. |
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Read more... [Loan Modification]
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