Articles, tagged with "loan modification", page 1
20th September 2012
The Los Angeles Times reported that banks are moving extremely slow in modifying people’s home loans. There are many reasons why the banks are moving so slow, and while many people might believe that banks are simply being greedy, the truth is more compl...
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Author:
Darrell Mccelland
19th September 2011
Lead Transfer facilities are provided by renowned companies to help their clients after analysing the market; and finding prospective customers; to gauge their requirement and provide them in accordance. There are many companies that provide for unparalle...
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Author:
john
10th February 2011
Well, 2011 is here and the loan modification industry is about to be all shook up. There are new laws going into effect in the end of January, 2011 that will impact many loan modification companies.
The new change is a federal law that prohibits upfron...
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Author:
ArticleSubmit Auto
04th November 2010
Before a Notice of Default can be filed, the California mortgage loan foreclosure laws require that lenders comply with Civil Code section 2923.5. This California house loan foreclosure law requires the financial institution to make efforts to get in touc...
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Author:
Michael Hanks
13th August 2010
Just about everyone who gets into a loan modification plan will have had to put up with missed payments. These missed payments can easily cause a person to get further behind in debt on a mortgage loan. They can also impact one's credit rating. The use of...
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Author:
Aliceshown
02nd June 2010
In this volatile real estate market and recession economy, many homeowners are faced with the difficult decision of choosing between filing a bankruptcy and defending a foreclosure. Unfortunately, the dominant thought among most attorneys is that bankrupt...
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Author:
Kramer
24th May 2010
Home loan modification remains the top choice for JP Morgan Chase borrowers who are behind on their mortgage and are seeking an alternative to foreclosure. In a Chase loan modification, the bank changes the terms of your mortgage to accommodate your situa...
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Author:
Brook
17th May 2010
When a homeowner falls behind on debt and risks losing his home, filing for bankruptcy is often the first thing that comes to mind. Many think it helps increase their chances of getting mortgage aid, particularly in home loan modification. But does bankru...
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Author:
Brook
23rd April 2010
A Short Refinance (or short pay refinance), also known as a short payoff, is a transaction where the lender agrees to accept less than the full amount owed. Instead of the property being sold, it is refinanced with a new lender. The short refinance allows...
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Author:
Octavio Dudley
16th February 2010
The simple answer is yes, and it's called loan modification. Loan modification is meant for struggling homeowners who do not qualify for refinancing. There are minor and significant differences between refinancing and loan modification. First, a mortgage ...
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Author:
Pit
12th February 2010
What happens if after months of painstaking waiting you are denied a loan modification by your lender? Although it is easy to do your own loan modification: filling out the paperwork and making sure everything is together, once your file is faxed to the b...
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Author:
Shawn
11th February 2010
A Loan Modification Hardship Letter will paint a picture of your family's current financial position. The federal stimulus plan requires that you simply be facing a hardship situation in order to be eligible to apply for a mortgage workout. This very aggr...
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Author:
Bobby Mason
27th January 2010
For homeowners in danger of defaulting on their loans, who have houses which are dangerously underwater or who are simply looking for relief on their monthly mortgage payments, a mortgage modification might be the way to go. Homeowners with bad credit can...
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Author:
J. Chase
05th January 2010
They are hard to find but the answer is YES. There is a home loan refinance program that offers principal reduction to homeowners that owe more on their home loan(s) than the property is worth - as long as the homeowner meets a few criteria discussed at t...
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Author:
Charlie Kartchner
09th November 2009
Too many homeowners who have already lost their homes are looking for one final chance to get them back. They have contacted nearly every loss mitigation company, nonprofit organization, and government agency in the country, all of which have informed the...
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Author:
Nick Adama
