A+ R A-

Warning: Creating default object from empty value in /home/loanmodification/public_html/components/com_k2/views/itemlist/view.html.php on line 87

Warning: Creating default object from empty value in /home/loanmodification/public_html/components/com_k2/models/item.php on line 475

Warning: Creating default object from empty value in /home/loanmodification/public_html/components/com_k2/models/item.php on line 475

Warning: Creating default object from empty value in /home/loanmodification/public_html/components/com_k2/models/item.php on line 475

Warning: Creating default object from empty value in /home/loanmodification/public_html/components/com_k2/models/item.php on line 475

Warning: Creating default object from empty value in /home/loanmodification/public_html/components/com_k2/models/item.php on line 475

News (85)

New research by the Center for Responsible Lending finds that banks and other loan servicers often foreclose when investors have more to gain from a loan modification. The study—“Fix or Evict? Loan Modifications Return More Value than Foreclosures”—also finds that the industry’s poor track record on loan modifications can’t be blamed on homeowners who re-default.

Read more...

Four Republican state attorneys general said they oppose forcing banks to reduce the value of loans for troubled homeowners as part of a state-led mortgage-servicing settlement proposal.

The officials -- Kenneth Cuccinelli of Virgina, Greg Abbott of Texas, Pam Bondi of Florida and Alan Wilson of South Carolina -- sent a letter Tuesday to Iowa Attorney General Tom Miller, a Democrat spearheading the 50-state effort.

 

Read more...

How would you like to have your loan modification to result in a payment reduction of reduced $2 and never know the real reason why? In an article from newsnet5.com titled "Independence Man offered $2 Loan Modification" Mike Elewski said Wells Fargo offered to reduce his monthly mortgage payment. Elewski, lives in Independence, Ohio.

 

Read more...

Take back your home? Well, a foreclosure loophole that helped an Ankeny, Ia., home construction worker and his mortgage loan originator wife win a 2009 court judgment against CitiMortgage, giving them title to their $278,000 house free and clear after only one mortgage payment,

 

 

 

Read more...

State foreclosure mediation programs that bring together mortgage servicers and troubled property owners put foreclosures on hold when mediation has started. Foreclosures should be halted when mediation has been requested by the homeowner because of demonstrated worth in helping thousands of homeowners across the country.

The cost of "unnecessary" foreclosures is extreme in the hardest hit states and communities as each foreclosure costs each home within a mile radius, a substantial price drop.

 

 

 

 

Read more...

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 129

Warning: Illegal string offset 'active' in /home/loanmodification/public_html/templates/gk_twn2/html/pagination.php on line 135
  • images/banners/images1.jpg
  • images/banners/images2.jpg
  • images/banners/images3.jpg

We can help you stop foreclosure with a loan modification in the following states:

If you need help understanding your option of taking advantage of the home loan modification process, the help is available to you everywhere. The process is quite tricky and it is highly recommended that you do indeed seek legal advice before signing on the dotted line, in order receive the most efficient and cost-effective modification to your mortgage payment.

Where do I get Advice
There is advice all over the web on how to receive a loan modification; some of this advice is quite helpful, while some is quite dreadful. There is also the opportunity to hire a professional service that will help you go through the paperwork and work with the lender to help you get all the benefits that you deserve, due to a hardship. Loan modification is a process that must be understood completely and thoroughly. This article can actually offer you an insight on the process of loan modification and tips that will better help you as a homeowner save your home from the risk of a foreclosure.

Loan Modification Advice
First and foremost, it is important to determine if you are eligible for a loan modification. This requires writing a letter of hardship explaining to the lender what exactly the reason is for your late payments and the fact that you are unable to pay your mortgage. Doing a loan modification on your own requires more than just advice. Becoming educated about the process is more important. This is perhaps a good reason to hire a professional loan modification company to take part in the process. They will handle everything for you, while educating you in the progression. There is a fee charged for hiring these companies, but in turn your mortgage payment can be lowered quite a bit and professionals can even find things in your original loan papers that may prove that the lender may have broken the law during your original mortgage signing.

If you do choose to take the big leap of the loan modification process on your own, you must first contact the lender and they will lead you to the correct department, normally the loss mitigation department. You may not want to directly say that you are in the process foreclosure. We do not want the lender to think your situation is not worth their time before hearing you out. Always document anything relating to the loan modification process, every phone call and any other information you may receive during the process must be documented. Always discuss every option available with your lender, so that you may come up with the best alternative for you. It is true you will save money going directly through your lender and let’s face it, you are struggling already trying to make your payments, but professional assistance can help immensely.

No matter what direction you decide to take, loan modification will be what determines the amount of time you have in your home. If you are eligible you should act as soon as possible.

Register

*
*
*
*
*

* Field is required