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 'Minimum Payments'
Mortgage Loan Modifications Are Happening!
June 17th, 2009 · 5 Comments · Mortgages, Real Estate
Tags: 1040s·Countrywide·Hope Now·loan modification·loan restructuring·Making Homes Affordable·Minimum Payments·Tax returns·W-2s
Make All Your Mortgage Payments on Time? You Can Still Get Foreclosed
May 27th, 2008 · No Comments · Mortgages
If you have a so-called option ARM, where you get a choice of the payment structure you want, I’ll bet you didn’t know about an insidious clause in that loan. In many option loans, you can choose a minimum payment, much like a credit card, where you just make a small payment, [...]
Tags: 15-year·30-year·Amortization·foreclosure·Minimum Payments·Mortgage Loans·Option ARM
