by Karen Simpaon on November 3, 2009
Changing or amending one or several aspects of a mortgage agreement is called loan modification. Loan modification is normally used by mortgage companies to help mortgage holders but can be used to alter the terms of any loan or debt obligation.
Over the last several years the amount of loan modifications used by home owners has grown exponentially from just a handful to thousands. The reason for the sudden increase in modifications is the current mortgage and financial crisis which has impacted real estate markets across the country.
Mortgage modification has proven such a relief that the government has issued a mandate to ...click here to continue
by Adam Whazzer on October 31, 2009
If you, like many folks in the U.S.A, are facing foreclosure on your home, then you are looking for anything you can do to stop it. Firstly, be calm and dont panic. Do not get yourself into a situation like mortgage restructure that you have to pay for up front. A reputable mortgage company, that knows that their service will help you, will do this with no money up front because they know they will get paid when the mortgage goes through.
In stopping foreclosure, the first thing you need to do is always keep the mortgage company aware of your current issue. Work with the lending company and make an agreement with them to pay what ...click here to continue
by Adam Whazzer on September 19, 2009
Note: I am not an Attorney and any information I provide is not to be considered as Legal Council, my purpose for writing this article is only to create awareness for the benefit of Borrowers and Families at hardship. I work for a Law Firm specializing in the representation of Homeowners and Families in danger of Foreclosure. What the lender doesn’t tell you is that in most scenarios, the Mortgage Mod terms the banks are willing to give you voluntarily when you modify your loan directly with them are in most cases substandard in comparison to the modification terms you will receive when hiring an attorney who specializes in Loan ...click here to continue
by Dario Dingwall on August 24, 2009
by Dario Dingwall
People always need places to call home and this includes during tough economic times as well. Human life cannot be complete in the absence of basic needs such as shelter and food. Truthfully, majority of us would relish at the thought of having a good single-family home where we could go to at the end of a busy day. Although investing in residential real estate is a great investment, it can also be profitable if the investment is done in the correct way.
Investing in residential real estate is not only reserved for the educated or financial geniuses, though ...click here to continue
by Hans Doornbosch on April 7, 2009
by Hans Doornbosch
If you don’t know what the foreclosure process looks like, it can be pretty frightening. If you are aware of the steps leading up to foreclosure, you can do something to prevent it from happening. That’s why you have to take the time to learn the foreclosure process and save your house from mortgage foreclosure.
Mortgage foreclosure always starts with the first past due payment. After a few weeks, you will receive a note from the lender telling you you’ve missed a payment. If you can, pay the past due bill. If you stay in default, the mortgage ...click here to continue
