If the borrower has committed to staying in the property and fighting through the difficult period of pending foreclosure many lenders and their servicing agent are offering possible solutions. Early ...
Mortgage lenders originated subprime loans on an increasingly frequent basis between 2001 and 2005. In order to generate business and compete in an over exuberant market, lenders became more flexible ...
In a home loan market that is ripe with foreclosures and one that is seeing lending institutions go under faster than you can say fried bananas, many borrowers stuck in high interest home loans are se...
Sometimes, it is difficult to know when you have been beat, or when it is time to give up on something. With foreclosure, it can be quite different: it is actually very easy to know when it is time to...
A Loan Modification from a mortgage lender is a permanent change in borrower's loan. A loan modification from a lender is may include all or some of the following; a change in rate, terms and princi...
Homeowners who are confronting the reality of a foreclosure have become food for mortgage brokers, loss mitigation or loan modification companies. Many new companies who contact you say they are fo...
A Home Loan Modification is an offer to make a permanent change in the borrowers mortgage terms which is normally involves a rate modification. To find out if you qualify or how to get help on a mort...
The home loan industry has changed stated income loans requirements if you don't know yet. Most lenders now want full documentation loans and borrowers qualifying by using traditional debt to income ...
Many homeowners would be able to afford their mortgages if not for a temporary financial hardship or an inopportune interest rate reset. They are not facing a serious long term change in their income,...
What should owners of homes know about dealing with today's economy? The new words of "Short Sale" or "Loan Mortgage Modification" are new terms that homeowners never thought they would need to hear o...