A Loan Modification is a valuable tool in helping homeowners get back on track with their loans and protect their homes from foreclosure, but often even after a loan modification people end up right back where they were, and sometimes even worse. In fact, more than half (55%) of loans modified in the first nine [...]
Tag Archives: mortgage
Pitfalls to Avoid during the Loan Modification Process
Posted in Loan Modifications Also tagged foreclosure, home loan, interest rates, Loan Modification, mortgage rates, mortgages, real estate, San Diego Foreclosure, San Diego real estate Leave a comment
Your Bank and Your Hardships
Banks Don’t want to foreclose on your house! When a mortgage company forecloses on a property more often than not they lose money, and they lose even more when they have to take ownership of that property. The good news is that there are alternatives to foreclosure that benefit both the borrower and lender.
The bad [...]
Take Notes And Review Everything Carefully
Always Be Prepared
In this stressful situation with so much information being exchanged, it is easy to forget things or miss the details. Don’t rely on your memory, it can fail you. Make sure you have everything written out in front of you. Never make a call without first reviewing your notes, and having a strategy [...]
Posted in Loan Modifications, Uncategorized Also tagged Forbearance Agreement, foreclosure, Interest rate, Loan Modification Leave a comment