Mortgage

Take That Notice Of Default And

So, you got the Notice of Default. How'd that feel? Are you comforted that last month over 100,000 others did too? I did not think so. The Notice of Default is the beginning of a long process of foreclosure that mortifies you and protects you at the same time. The only good news is that the process takes a long time, giving you ample opportunity to workout a good solution with your lender.

Read more...

Modified Home Loan Facts

A mortgage loan modification is an agreement between the lender and homeowner that allows the mortgage terms to be modified. The idea is that this will help you to be able to make your payments and keep your home in order to avoid foreclosure.

Read more...

Mortgage Modifications – ABC’s

The nature of the economy these days is having an impact on many people, including on their ability to continue to make their agreed-upon home mortgage payments. Many people are struggling to meet these payments, sadly. But there are a few programs they can take advantage of, including loan modification. What to know about this program can be important to those paying on a mortgage, in fact.

Read more...

Income Tricks And Tips To Get A HAMP Modification

Thousands of people submit mortgage modifications applications every day with errors. Significant errors. Errors in the basis for the whole application - the gross household income! Since the mortgage modification is, for many, the best hope of keeping their homes and since the income section is the very foundation of the application, this is a big problem indeed. dozens of people review their applications with me each week prior to submitting to the bank. The majority make errors in the Income Section of the application. They get their own income wrong! So, let me tell you what I tell them:

Read more...

Heroes Are Rich AND Poor

Congratulations to the millions of Americans who had big savings accounts, massive equity in their real estate and great and high paying jobs before the recession. Even more so to the ones who still do!

Read more...

8 Tips For Mortgage Modification Success

A brief review of this scientific principle can help you balance your family's budget through a mortgage modification. That's right, high school physics to the rescue!

Read more...

Mortgage Modifications Have Changed

Last year, we spent tons of time with clients to figure if they qualified for a mortgage modification. In 2010 it takes us about 10 minutes and is nearly perfectly accurate. It's because the banks have become so very standardized and predictable.

Read more...

Make Your Loan Modification Application Sizzle!, Loan Modifications And Forensic Loan Audit, Forensic Loan Audits = Success!

It may not be in the headlines, but we all realize the housing meltdown continues in 2010. Foreclosure rates are stubbornly high, despite so many efforts to reduce them.

Read more...

Be Encouraged By Mortgage Modification Rejections

Rejections have become a way of life in the mortgage modification application process. Lenders, simply overwhelmed with the demand, can't (or won't) deliver reasonable levels of performance. That is, in spite of almost two years of efforts and 18 months of Making Homes Affordable "encouragement" the banks still produce very few successful mortgage modificationseven to very well qualified applicantswithout first putting them through rejection, at least once.

Read more...

Loan Modification Success – Consider “File Inertia”

This brief physics lesson can lead to loan modification success.

Read more...