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Home Affordable Modification Program - Loan Modification News
by Greg Feldman | December 15, 2009
Category: Finance / Loans
A minor oversight in the design of the Home Affordable Modification Program (HAMP) has become a huge issue for what could be thousands of homeowners trying to get approval for participation in the program. Ironically, the flaw in the design makes struggling homeowners look too good for admission ..
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The Complex Loan Modification Process
by Greg Feldman | December 15, 2009
Category: Finance / Loans
Applying for a loan modification might sound easy. Filling out some forms, signing some documents and including your past tax returns really does not sound all that complicated. However, what many homeowners are discovering is that the loan modification process is not only complex,....
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Ten Tips for a Successful Home Loan Modification
by Greg Feldman | October 09, 2009
Category: Finance / Loans
A home loan modification, for many homeowners, is the only option standing between them being able to stay in their homes and being forced to move after a foreclosure, a short sale, or a “cash for keys” negotiation.
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Feldman Law Center - Avoiding Loan Modification Scams
by Alex Blue | August 20, 2009
Category: Finance / Loans
Avoiding a loan modification scam can be difficult, especially if you have not done your homework. Today, recent statistics show that one in ten homeowners is either in foreclosure or behind on their payments...
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Feldman Law Center - California Loan Modification Information for 2009
by Alex Blue | August 20, 2009
Category: Finance / Loans
Over the last two years, tens of millions of people have learned far more about loan modifications than they ever thought they would. The economic crisis and real estate crash forced people caught in difficult situations and overwhelming mortgages...
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Feldman Law Center - Federal Government Prodding Loan Companies
by Alex Blue | August 20, 2009
Category: Finance / Loans
Loan modifications have grown in popularity over the years because they have been increasingly successful in keeping people in their homes. As a result, the federal government has become a big fan of loan modifications and is getting more involved...
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Feldman Law Center - Are the Mansions of The OC Next?
by Alex Blue | August 19, 2009
Category: Finance / Loans
As unemployment creeps up the income brackets, the extravagant homes that served as the background of shows like “The OC” and “Laguna Beach” are likely to begin suffering price decreases similar to their less expensive neighbors...
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Home Loan Modifications, Delinquencies, and Foreclosures Rose in the First Quarter
by Alex Blue | August 19, 2009
Category: Finance / Loans
Lenders and servicers were able to modify more troubled loans during the first quarter, according to a recently released government report, but the number of homeowners falling behind on their payments continued to increase as well, and at a faster pace...
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Feldman Law Center - Are Subprime Mortgages Returning?
by Alex Blue | August 19, 2009
Category: Finance / Loans
There is a great quote regarding history that goes - those who do not study history are doomed to repeat it. However, it seems that even as we are watching history play out, we are seeing people repeating it again and again...
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Loan Modification Help Center - Learn your options for stopping foreclosure now
by Alex Blue | July 17, 2009
Category: Finance / Loans
Regardless of where you are at financially, it is almost never too late to avoid losing your home to foreclosure. Qualified loan modification attorneys know that while it is easy to lose hope and fall into a place of inaction, you have many tools at your disposal.
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Loan Modification Help Center – Understanding the Foreclosure Process
by Alex Blue | July 17, 2009
Category: Finance / Loans
Very often, when someone contacts a loan modification attorney they really do not understand how the foreclosure process works or how to stop it. People who do not understand foreclosure proceedings are often scared, timid and unwilling to do what it takes to stay in their homes.
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Loan Modification Help Center – Can a Loan Modification Save Your Marriage
by Alex Blue | July 17, 2009
Category: Finance / Loans
Statistics show that divorce happens more often due to financial troubles than anything else. Sexual challenges, family issues, health issues and other areas are all less important to a healthy marriage than solid financial footing.
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Loan Modification Help Center – President Obama Continues to Pass Legislation
by Alex Blue | July 17, 2009
Category: Finance / Loans
The Wall Street Journal reported in July, 2009 that President Obama is now expanding the plan to help the number of borrowers who can refinance their homes.
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A Mortgages Melting Faster Than Sub-primes
by Alex Blue | July 08, 2009
Category: Finance / Loans
A Mortgages were designed for borrowers with high credit scores that could not document enough income to qualify for the mortgage required for the homes they desired. Also known as liar’s loans, Alt-A’s got around issues like insufficient income, too much consumer debt, and/or alimony/child support
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Life After Foreclosure
by Alex Blue | July 08, 2009
Category: Finance / Loans
Recent statistics showed that foreclosure filings reached one million in May with indications that the number could swell to 2.4 million by the end of 2009. Unfortunately, much like filing bankruptcy, the ramifications of a foreclosure filing will follow these families around for a long time.
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The New York Times gets it About Half Right
by Alex Blue | July 08, 2009
Category: Finance / Loans
A recent New York Times editorial indicates that the Obama honeymoon may be coming to end as the faltering economy continues to eliminate jobs and a tidal wave of foreclosures grows by the month.
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The Cream Rises in Loan Modifications
by Alex Blue | July 08, 2009
Category: Finance / Loans
In a move clearly targeting loan mod shops around the country, Sen. Charles Schumer said on June 2nd that he will amend a bill he introduced in early 2009 which initially focused on mortgage brokers doing loans and refi’s, to include loan modifications done by these brokers as well.
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Loan Modification Help Center – Banks are Working with California to Modify Home Loans
by Alex Blue | July 08, 2009
Category: Finance / Loans
Did you know that Bank of America has been working with the state of California to grant loan modifications to tens of thousands of people? Odds are you did not, which is one of the many reasons you probably need a California loan modification attorney.
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Loan Modification Help Center – Coping With the Third Wave
by Alex Blue | July 08, 2009
Category: Finance / Loans
What most economists are only now hinting at is the “third wave” of foreclosures soon to be on their way. The first wave of foreclosures came from investors who simply walked away from homes they couldn’t afford.
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Loan Modification Help Center - How are California mortgages foreclosed?
by Alex Blue | July 08, 2009
Category: Finance / Loans
At the Loan Modificatin Help Center, we see many people throughout California who are facing foreclosure, or who are in danger of facing foreclosure, and they want desperately to get as much information as possible.
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Loan Modification Help Center – How Loan Modifications Help People
by Alex Blue | July 08, 2009
Category: Finance / Loans
It’s one thing to tout the promises of loan modifications, it’s a much more impressive thing to demonstrate how they have helped people avoid foreclosure and stay in their homes.
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Loan Modification Help Center – How to Stay in Your Home
by Alex Blue | July 08, 2009
Category: Finance / Loans
These days, financial hardship is a reality for countless people in California. The state has double digit unemployment and even more people are working two or three jobs, or just working a job they are overqualified for to pay the bills.
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Loan Modification Help Center – Is It Too Late for a Loan Modification?
by Alex Blue | July 08, 2009
Category: Finance / Loans
Your spouse lost her job, your wages were cut, you got behind on the mortgage, then got even further behind and now you have received a foreclosure notice in the mail. You start to question whether or not you have options, and whether or not it is worth even putting up a fight any longer.
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Loan Modification Qualification 3
by Alex Blue | July 08, 2009
Category: Finance / Loans
If you are a homeowner currently facing a financial crisis, most likely your first consideration is keeping your home. In researching loan modifications, you’ve most likely come across various home loan modification qualifications.
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Loan Modification Qualifications
by Alex Blue | July 08, 2009
Category: Finance / Loans
If you are researching loan modifications, one thing you are probably interested in is how someone can qualify for a loan modification. Loan modification qualifications aren’t that complex, there are some basic standards that loan modification companies would like you to meet.
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Loan Modification Qualifications 2
by Alex Blue | July 08, 2009
Category: Finance / Loans
In order to stay in your home, there are certain home loan modification qualifications you will have to meet. An important one is showing your back finances.
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Loan Modification Help Center – Loan Modifications, Myth vs. Fact
by Alex Blue | July 08, 2009
Category: Finance / Loans
When people take the time to research loan modifications, they are confronted by various issues that may not make much sense. Different loan modification companies will offer differing information, and mortgage lenders will usually choose to hold back certain truths, often to their own benefit
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Loan Modification Help Center – Mortgage Fraud and You
by Alex Blue | July 08, 2009
Category: Finance / Loans
Did you know that executives throughout America are finally being brought to justice for the predatory lending and subprime mortgage fiasco?
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Loan Modification Help Center – Myths About Loan Modifications
by Alex Blue | July 08, 2009
Category: Finance / Loans
Most people are truly unaware of the various misnomers, misunderstandings and myths being propagated in regard to home loan modifications. At the Loan Modification Help Center, we have put together a list of common myths people tend to believe about loan modifications.
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Loan Modification Help Center – Truth About Lenders
by Alex Blue | July 08, 2009
Category: Finance / Loans
Did you know that California lenders must accept loan modifications? A law that was enacted in July of 2008 required lenders of residential loans in California to accept loan modifications in most foreclosure situations.
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