Posts Tagged ‘Loan Modification’
Loan Modification Help Center
Recently there has been a growth in news about loan modification. Loan modification new to a lot of homeowners and information, resources, and tools do not reach some homeowners facing foreclosure until it is too late. We found a very interesting site online, www.LoanModificationHelpCenter.com.
The website provides some basics such as foreclosure news, foreclosure articles and more. However, the [...]
Can a lender include late charges in the Loan Modification?
According to HUD the Mortgagee Letter 2008-21 states that accrued late charges should be waived by the mortgagee at the time of the Loan Modification.
Make sure when you have a mortgage modification approved you are not being charged late fees. Late fees, late payments and more will pile up when you are close to foreclosure. The only [...]
Denied for Refinance
Millions of homeowners are being denied for a refinance due to recent or current late mortgage payments. Late mortgage payments within a 12 month period are a major red flag for lenders and with the current credit crunch it is nearly impossible to refinance with late mortgage payments. What can you do if your mortgage is [...]
Avoid Foreclosure
With an expected 2.5 million foreclosures estimated in the US this year you can beat one of your neighbors is in this situation. A bad situation caused by the economy, job loss and predatory lending. Predatory lening is the act of preying on borrowers and selling loan programs that are not best for the borrower [...]