Questions over foreclosure proceedings from Bank of America have recently been in the news and, as a result, concerns over whether assistance programs like the Making Home Affordable modification program have actually helped homeowners prevent the loss of their home have also arisen. Bank of America is one of the servicers who has seen...
Read more »
For homeowners who have been denied a home loan modification from the Making Home Affordable Program, private home loan modifications have been an alternative which has provided many with foreclosure prevention assistance on their mortgage. Economic and financial times have caused a great deal of strain for many homeowners, and continue to do so,...
Read more »
Citigroup has used home loan modifications as a way to help homeowners obtain a more affordable mortgage payment over the past months, but there is question as to whether these foreclosure prevention plans are actually helping homeowners keep their home. According to the August Making Home Affordable report, Citigroup had 3,046 foreclosure starts for...
Read more »
Recently, news has arisen about GMAC Mortgage and other financial institutions suspending mortgages over questions as to whether the documentation associated with these homes was processed properly. While there are numerous individuals who feel that the majority of cases where homeowners may question the foreclosure practices of these financial institutions will be found that...
Read more »
Recently, J.P. Morgan Chase suspended foreclosures due to questions over whether documents were properly reviewed and foreclosures were warranted in all cases. However, despite the fact that questions over whether foreclosure documents were lawful or not, there is concern that home loan modification programs, like those from J.P. Morgan Chase, may not be doing...
Read more »
Homeowners in North Carolina may be able to get mortgage assistance in cases where unemployment has caused a homeowner the inability to meet their monthly mortgage expenses. Funding from the Hardest Hit Program has allowed certain states to provide additional mortgage assistance to homeowners in certain cases. According to the North Carolina Housing Finance...
Read more »
Wells Fargo has seen some success in their home loan modification programs, but homeowners still continue to see troubles in the form of defaults and foreclosures. Recent reports concerning certain mortgage lenders has also cast questions as to whether foreclosures are being properly processed by banks, and has many people wondering if home loan...
Read more »
Mortgage assistance for unemployed homeowners may offer forbearance plans or lower monthly mortgage payments in some cases. Homeowners who have lost their job or have seen a reduction in their income have turned to home loan modifications in many cases so that they can find a more affordable monthly mortgage payment option. However, with...
Read more »
Foreclosure troubles have plagued many homeowners who have attempted to gain a more affordable home loan payment through modifications from servicers like GMAC Mortgage. Recently, news broke that GMAC had suspended foreclosures in certain states over questions concerning the validity or legality of these foreclosure proceedings. There were reports that representatives from certain mortgage...
Read more »
Many homeowners have had trouble paying their home loan payment each month and, in some cases, home loan modifications have not been enough to make the mortgage payment more affordable. Instances such as this can often trace their troubles back to second liens on home loans that can make a homeowner’s monthly mortgage payment...
Read more »
