Friday, May 11th, 2012
Mortgage principal reductions are in the news again as Bank of America announced this week that it will offer them to more than 200,000 borrowers. Should more widespread programs come, principal forgiveness is most likely to be offered to borrowers who are deeply underwater and who have already experienced some ...
Posted in Mortgage Modification | No Comments »
Friday, May 11th, 2012
More than 350 financially strapped Michigan homeowners were scammed out of about $800,000 when they tried to save their homes by trying to work with what turned out to be a phony mortgage modification outfit, according to charges brought Wednesday by the Michigan Attorney General's Office.Rickey White, 46, of Westland, ...
Posted in Mortgage Modification | No Comments »
Monday, May 7th, 2012
The Home Affordable Modification Plan provides $75 billion dollars in incentives that lenders will receive for cooperating with their borrowers. These incentives are to make up for the amount that lenders lose on loan modification and does nothing to hurt you, the homeowner. On top of the incentives, Obama's ...
Posted in Mortgage Modification | No Comments »
Monday, May 7th, 2012
Even as Arizona's housing market begins to recover from its years-long slump, people desperate for a break on a loan still can fall victim to those who offer hope but don't deliver. Call 12: Here to help consumers Authorities warn that schemes promising financial assistance are evolving along with Arizona's ...
Posted in Mortgage Modification | No Comments »
Saturday, May 5th, 2012
Most people agree that some foreclosures are unavoidable: If someone bought a home he or she could not possibly afford -- having counted on refinancing at ever-increasing home price levels -- foreclosure is likely the only outcome. But it's commonly accepted that loan modifications should work for homeowners who need ...
Posted in Mortgage Modification | No Comments »
Friday, May 4th, 2012
At the end of January, House republicans introduced a bill that would end the effort made by HAMP. House republicans and other HAMP critics say that the government's mortgage modification program has not made a significant enough impact to warrant the costs and continuation of HAMP. Still, the Obama administration ...
Posted in Mortgage Modification | No Comments »
Friday, May 4th, 2012
Find out your lender's expectations in regards to the application of a mortgage modification. Find these by calling your lender or researching them online. Know what your lender is looking for when they are considering the modification of a mortgage loan. Every lender is different as to what they will ...
Posted in Mortgage Modification | No Comments »
Thursday, May 3rd, 2012
ALTON - Facing foreclosure can be stressful and tough, but an area group can offer support."We are a group of 20 trained volunteers who want to help homeowners who are facing foreclosure," said Diane Thompson, coordinator of the Homeowners' Support Network.The Homeowners' Support Network is a project run by the ...
Posted in Mortgage Modification | No Comments »
Saturday, April 28th, 2012
NEW YORK (CNNMoney) -- Tamera Hewlett-Vallejo and her husband, Tom, came within a whisker of losing their Sacramento, Calif., home in a foreclosure auction last month. But as a result of the $26 billion national mortgage settlement, the Vallejos were given a last-minute reprieve. Their mortgage lender, Bank of America ...
Posted in Mortgage Modification | No Comments »
Saturday, April 28th, 2012
PORTLAND -- Polly Brown has a lot of pride in her Portland home and it shows. Visitors are greeted by a perfectly manicured lawn with flowers everywhere. Not bad for a woman who uses a walker to get around.So it comes as no surprise that Brown, who holds a Ph.D. ...
Posted in Mortgage Modification | No Comments »
