To all the nay sayers who say the new government programs for mortgage loan modifications are useless, I have a success story! A friend just did a successful mortgae loan modification. Her lender had been Countrywide (now Bank of America).
She had not made a payment since September 2008 and had moved out [...]
Entries Tagged as 'Real Estate'
Mortgage Loan Modifications Are Happening!
June 17th, 2009 · 2 Comments · Mortgages, Real Estate
Tags: 1040s·Countrywide·Hope Now·loan modification·loan restructuring·Making Homes Affordable·Minimum Payments·Tax returns·W-2s
As the Foreclosure Moratorium is Lifted, What Next?
April 24th, 2009 · 1 Comment · Banking, Consumer Debt, Mortgages, Real Estate
The foreclosure process for many American homeowners has been interrupted repeatedly by federal and state moratoriums over the past six months. The two largest government-controlled lenders, Fannie Mae and Freddie Mac, in November imposed holiday suspensions of foreclosure-related evictions that were extended multiple times until March 31. At the urging of Congress, financial giants Bank [...]
Tags: foreclosure·foreclosure moratorium·housing·increased foreclosure rate·loan modification·Mortgage Delinquency
An Easy Way to Determine Eligibility for the “Making Homes Affordable” Refinance Program
April 23rd, 2009 · 1 Comment · Banking, Mortgages, Real Estate
Yeah, we know, another article on mortgage restructuring. We are not trying to bore you with details on the government’s never-ending influx of programs to help homeowners, but any information that makes it “easier” to figure out if you qualify is worth passing along!
The “Making Homes Affordable” program is not the same [...]
Tags: loan modification·loan modification programs·loan servicing·lower interest rate·Making Homes Affordable Program·mortgage refinancing·refinance
