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 'Making Homes Affordable Program'
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
Turn and Burn – a Highly Profitable Foreclosure Strategy
October 13th, 2009 · 1 Comment · Credit Reports, Mortgages
The “turn and burn” a.k.a. “buy and bail” strategy – is a method sometimes used by people whose homes are “underwater”. It is increasingly used by the wealthy with very large mortgages whose homes are worth significantly less than what they owe. This little trick reared its ugly head after the housing market [...]
Tags: Buy and Bail·Credit Scores·Economic Meltdown·Good Credit·investment loans·Making Homes Affordable Program·pay with cash·turn and burn
A Good Forclosure Defense: Home Affordable Modification Program (HAMP)
September 28th, 2009 · 2 Comments · Consumer Debt, Mortgages
Many people are facing foreclosure today. If you are one of them, you may be able to delay the process or halt it all together without stepping a foot into court. As part of the “Making Homes Affordable” program, a.k.a Home Affordable Modification Program (HAMP), mortgage servicers are required to review the eligibility [...]
Tags: foreclosure·foreclosure procedure·HAMP·Home Affordable Modification Program·lender·Making Homes Affordable Program·Mortgage·mortgage servicer
An Easy Way to Determine Eligibility for the “Making Homes Affordable” Refinance Program
April 23rd, 2009 · 2 Comments · 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
