Articles, tagged with "loan modification", page 3
15th May 2009
Are you looking for a sample letter for loan modification application? So are half of the homeowners in the country. The letter you send in with your loan modification application is just as important as the application itself, if not more so. Here is a g...
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Author:
Lindsy Emery
11th May 2009
Get ready to be a part of the most booming industry in today's economy? As a loan modification consultant you can start earning thousands of dollar while helping home owners lower their home loan payment and save their homes. You can start from home or fr...
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Author:
mark s
11th May 2009
Most borrowers do not know that a hardship letter is required to process an application for loan modification. Even those who do, often do not understand what the bank needs to see in this letter.
The time and effort it takes to do a proper hardship le...
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Author:
Lindsy Emery
05th May 2009
Countrywide, one of the nation's largest housing lenders, became notorious due to its unethical lending policies and practices. Some of the main complaints about Countrywide have been due to poor communication among its staff, which often resulted in borr...
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Author:
Lindsy Emery
23rd April 2009
The two programs planned under Well Fargo loan modification have different eligibility requirements. The program based on the interruption of the foreclosure process and the proposal of a new payment plan excludes from the start those who are facing bankr...
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Author:
Lindsy Emery
17th April 2009
Litton Loan Servicing is a major loan servicer based out of Houston, Texas. They service approximately $60 billion in subprime loans, or troubled loans with problem borrowers. If you have a mortgage loan serviced by Litton and are having financial difficu...
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Author:
dlegaspi
17th April 2009
Forensic Loan Audits are fast becoming the next trend in the loan modification arena. Forensic Loan Auditing is a comprehensive and detailed way to uncover violations of various state and federal laws which can be spotted within clients loan package they ...
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Author:
directcapitals
16th April 2009
Under Obama's loan modification plan, getting a Wells Fargo loan modification is easier than ever before. Before the Home Affordable Program, modification from Wells Fargo was notoriously difficult to get approved. Wells Fargo loan qualification standards...
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Author:
Walter Sigmore
23rd March 2009
All banks are different. It can take anywhere from 30 to 90 days for a decision to modify a loan.
The reasons for this are varied. Banks originally were not set up with entire loan modification/loss mitigation departments dedicated to handle the large sc...
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Author:
Shawn
13th March 2009
It used to be a prelude to foreclosure when a homeowner fell behind on the mortgage payment. Lenders had no consistent set of guidelines on what to do when a borrower defaults, so they usually tacked the missed payments plus late fees onto the principal o...
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Author:
Lindsy Emery
20th February 2009
So, you're all ready to submit your loan modification application to your lender to get the loan workout you need to stay in your home. There is a lot riding on this-are you sure you have completed all of your paperwork properly so that it has the best ch...
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Author:
Jennifer Forbes
16th February 2009
A financial hardship letter explains to your creditor why you are in financial trouble and requests a specific remedy to help you through the crisis. There are different reasons for writing a hardship letter, but the most common these days are:
1. Requ...
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Author:
Home Loan Modification
11th May 2008
Stop your foreclosure with a mortgage company while dealing with a lost mitigation department can be frustrating to say the least. These ten action will help smooth out the process of stopping your foreclosure.
1. Contact your mortgage company. You don...
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Author:
MJ Jensen
