Q. I am having great difficultly getting a loan modification on my mortgage. I am 100% confident that I meet the criteria for the loan modification program. After initially agreeing to do the modification, they now say I don’t meet the requirements and stopped taking my calls. Can I sue? My [...]
Entries Tagged as 'loan modification'
Is It Illegal if My Bank Won’t do a Loan Modification?
October 14th, 2009 · No Comments · Mortgages
Tags: appraisal·assessor's office·building inspection·Fannie Mae·Freddie Mac·illegal·loan modification·Making Homes Affordable Program·mortgage modification·refinance
Freddie Mac Turns to YouTube With Message on Loan Modification Programs
July 17th, 2009 · 1 Comment · Mortgages, Real Estate
Freddie Mac has a new private channel on YouTube.com, the feature presentation being a short video which shows step-by-step which documents borrowers should have on hand when they call their servicer to discuss potential loan modifications.
The two minute video, entitled, “Stop Foreclosure: Documents Your Lender Needs to Help You,” is available in both English and [...]
Tags: Freddie Mac·Freddie Mac video·loan modification·loan restructuring·loan workout initiatives·making home affordable program·Mortgage·Refinancing·stop foreclosure
Mortgage Loan Modifications Are Happening!
June 17th, 2009 · 2 Comments · Mortgages, Real Estate
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 [...]
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 · 2 Comments · 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
