When Should You Seek a Loan Modification

Posted by admin on Feb 9, 2009

With foreclosure figures going up, homeowners are looking for ways to save their homes. Foreclosure solutions that worked before do not seem to work anymore. A better way of stopping foreclosure is what Americans need. For many who successfully saved their homes from foreclosure, the solution came from loan modification. And word is spreading fast on how effective loan modification is in saving homes from foreclosure. Within the housing industry, loan modification is now considered a [Read More]

Colorado Loan Modification

Posted by admin on Dec 10, 2008

Because of the continued increase in the number of foreclosure filings in Colorado, there were many changes made and implemented this year. The new Colorado Foreclosure Law gives a longer period of time for the homeowners in foreclosure to look for a foreclosure solution. The new law resulted in a slowdown in the rising foreclosure figures but it did not stop the increase. Statistics show that despite the implementation of the new law, foreclosure rates for the first half of 2008 still [Read More]

Detroit Loan Modification

Posted by admin on Dec 8, 2008

With the present financial crisis, the government has plans to bailout the “Big 3” which happen to have their headquarters in Detroit. What about for the distressed homeowners facing foreclosure? What can they expect? Ordinary citizens of Detroit, just like the rest of America, should not expect any benefit from the government’s bailout programs. This is according to most analysts and observers. Detroit is among the hardest hit areas when it comes to the number of foreclosure filings [Read More]

Hard Truths About Loan Adjustment Agreements

Posted by admin on Dec 5, 2008

If you are a homeowner struggling to pay your monthly mortgage, who can you run to? Do lenders offer any options to help you stop the foreclosure process so you do not have to lose your home? Do government programs work in favor of defaulted home owners? If your loan is being unjustly served, as a borrower, are you able to request that a loan adjustment be carried out in your favor? Here are some of the hard truths on how mortgagors are treated in this country and what can a defaulted [Read More]

Forbearance and Loan Modification

Posted by admin on Dec 4, 2008

One of the most common worries for the average American is their mortgage payment. It is no wonder that most families prioritize a budget for this money consuming machine. But life is all about surprises. One day, you may walk away from your house because of some unexpected event. A divorce, health problems within the family, loss of job, these could be some of the reasons that budgets are derailed. You wake up one day to a notice of foreclosure. Fortunately for homeowners, there are options [Read More]