Loan Modification

Homeowners Facing Financial Troubles May Find Help From Continued Foreclosure Alternative And Prevention Options

10/25/2011
By

As homeowners continue to see unemployment, financial distress, and other issues in their personal lives make meeting obligations like a mortgage payment more difficult, there are more financial institutions looking into opportunities that will help not only prevent foreclosure but may help homeowners when it comes to transitioning from their home through opportunities like...
Read more »

Posted in Loan Modification, Real Estate | Comments Off

GMAC Mortgage Homeowner Delinquency Problems See Increase In Those Who May Qualify For Federal Assistance

10/25/2011
By

Here in late October we are seeing some consumers finding it difficult to meet certain loan payments and continued issues have been in place for homeowners who are still facing delinquency, as we have seen from various reports that there are certain servicers who are seeing increases in the number of homeowners who are...
Read more »

Posted in Banking/Finance, Loan Modification | Comments Off

More Consumers May Need Unemployment Homeowner Assistance From States And Debt Repayment Aid From Creditors

10/25/2011
By

Reports that were released a few weeks ago showing that the unemployment rate on the national level has remained unchanged at 9.1% were also followed by various state unemployment data that indicated there are still many areas that are seeing problems as some areas that saw the largest decrease in employment on a month...
Read more »

Posted in Loan Modification, Unemployment | Comments Off

Underwater Mortgage Refinancing Plan Sees Changes For Homeowners Possibly Allowing More To Lower Rates

10/25/2011
By

Aspects of the federal underwater mortgage refinancing plan that were supposed to change and help more homeowners have finally arrived and it’s hoped that these changes in the federal Home Affordable Refinance Program will allow more individuals to find affordability on their mortgage as a result of refinancing to today’s low interest rates that...
Read more »

Posted in Banking/Finance, Loan Modification, Real Estate | Comments Off

Wells Fargo Homeowners Denied Modification Assistance See Mixed Results In Short Sale Options

10/25/2011
By

Homeowners with Wells Fargo who were specifically in the category of those who were denied a trial modification or had their trial modification canceled may also be in a position where alternatives like a short sale or indeed in lieu of foreclosure plan were offered, as in some servicers are offering assistance through initiatives...
Read more »

Posted in Banking/Finance, Loan Modification | Comments Off

Michigan Homeowner Assistance Plans From Making Home Affordable See Mixed Results In Modifications

10/24/2011
By

Michigan has remained one area of trouble for homeowners as we have not only seen housing issues arise in this particular state but recent reports that were released indicated that the unemployment rate in Michigan is currently at 11.1%, which is for the month September, and remains one of the higher unemployment rates for...
Read more »

Posted in Loan Modification | Comments Off

Bank Of America Homeowners Seeking A Second Lien Modification See More Plans Offered In Recent Reports

10/24/2011
By

Homeowners with Bank of America who are in a unique position where a primary and secondary mortgage are in place and may be causing payment problems, as a result of factors like unemployment or other financial issues that homeowners face, may have seen that there are continued opportunities being made for the Second Lien...
Read more »

Posted in Banking/Finance, Loan Modification | Comments Off

Florida Homeowners See Improvements In Assistance Offered To Lower Mortgage Payments And Avoid Foreclosure

10/21/2011
By

Homeowners in Florida who have had mortgage payment troubles are seeing that, according to the latest information from the Treasury Department, modification programs from the Making Home Affordable initiative are seeing improvements in this particular state, which is one of the areas that has been particularly impacted by housing troubles and unemployment. Obviously, when...
Read more »

Posted in Banking/Finance, Loan Modification | Comments Off

GMAC Mortgage Foreclosures See Increases In Making Home Affordable But Options Remain For Homeowners

10/21/2011
By

It may be no surprise that some banks are still seeing increases in foreclosure starts and completions, as homeowners continue to struggle with their payments, some delinquencies are on the rise once again, and a backlog of foreclosures still remains on the housing market, which means that continued foreclosure processes will be seen for...
Read more »

Posted in Banking/Finance, Loan Modification | Comments Off

Second Mortgage Modifications From Wells Fargo See Improvements In Help For Homeowners In Federal HAFA Program

10/21/2011
By

We’ve seen numerous homeowners struggle with mortgage payments over the past months, but in some instances we saw that a second mortgage may have been the problem, which would obviously offset benefits that may have been received when a primary mortgage was modified or a lower payment was offered, but servicers like Wells Fargo...
Read more »

Posted in Loan Modification | Comments Off