Reports have come in stating that areas of Nevada are still seeing decreases in home values, which is obviously troubling news in light of the fact that Nevada has been one of the particular states that was hardest hit by the economic downturn and as homeowners struggle with equity problems, underwater mortgage assistance programs...
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It goes without saying that a homeowner’s ultimate goal when seeking a modification from the Making Home Affordable Program is to acquire an affordable, permanent home loan modification plan as some homeowners have struggled to get a trial plan, while others may have found that it was difficult to transition from a trial to...
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The total number of trial modifications that have been started or offered by Bank of America have seen different results according to the latest Treasury Department reports, and these numbers can give homeowners a better idea of how this particular servicer is faring in terms of offering these types of assistance opportunities to homeowners...
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Various industries and leaders are pointing out that housing counseling assistance may be more necessary when it comes to helping avoid foreclosures as these particular resources are able to better aid homeowners when it comes to not only looking at plans that may be beneficial for a homeowner’s financial needs but could also potentially...
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It was reported that homeowners with the Freddie Mac saw increases in certain types of delinquencies as the delinquency rate for single-family homes increased, but there was a slight decrease in the multifamily delinquency rate between August and September. However, for these homeowners with Freddie Mac who are struggling with delinquency, officials are pointing...
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As property devaluation has continued to be a problem for many homeowners, there are those who are in positions where second mortgages, that may be the result of actions like acquiring a home equity loan, are becoming more of a burden when homeowners are struggling to make payments on both a primary and secondary...
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Many servicers have seen ups and downs when it comes to the number of trials that are currently active in the modification program, but when homeowners look at the total number of modifications that have been offered and started, and compare this data to the successfulness of a particular program, it may give those...
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Homeowners struggling to make their mortgage payment in Nevada may be in a position where, as a result of continued high levels of unemployment, decreases in their homes value, or other problems, they have begun seeking out mortgage payment assistance plans that can help with foreclosure prevention through offering more affordable monthly mortgage payments....
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The homeowners with J.P. Morgan Chase who may face potential bankruptcy are in a position where there are opportunities to help them avoid such an action and potentially find more affordability on their overall home loan payment, but we have seen that homeowners who are denied mortgage modification assistance from the federal program have...
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Bank of America homeowners who have been unsuccessful at acquiring federal home loan modification may benefit from alternative modification plans as a recent Treasury Department reports show that alternative modifications have been offered for an increasing number of homeowners whose trial modification was either canceled or for those who were not accepted for a...
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