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Announces

FHFA Announces Loan Modification Program…

FHFA Announces Loan Modification Program for Fannie, Freddie

Federal Housing Finance Agency (FHFA) director James Lockhart announced on Tuesday that the FHFA, ... Read more

Foreclosure

LOAN MODIFICATION HELPS WITH THE THREAT …

LOAN MODIFICATION HELPS WITH THE THREAT OF FORECLOSURE

If you are anguishing over the possibility of foreclosure on your home, there is an option that can help save your home and dignity. With all the options tha... Read more

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FHFA Announces Loan Modification Program for Fannie, Freddie

FHFA Announces Loan Modification Program for Fannie, Fr…

Federal Housing Finance Agency (FHFA) director James Lockh...

Do you need mortgage help?

Do you need mortgage help?

You need mortgage help and have tried refinancing or a loa...

Loan Modification Advice

Loan Modification Advice

If you need help understanding your option of taking advanta...

Top 10 Questions About Loan Modifications

Top 10 Questions About Loan Modifications

Top 10 Questions About Loan Modifications The loan modifica...

LOAN MODIFICATION HELPS WITH THE THREAT OF FORECLOSURE

LOAN MODIFICATION HELPS WITH THE THREAT OF FORECLOSURE

If you are anguishing over the possibility of foreclosure o...

Mortgage Loan Modification and How It Can Help

Mortgage Loan Modification and How It Can Help

Mortgage loan modification - How can it help? Mortgage loa...

Hardship Letters and Loan Modifications, What to Say, How to Say It

Hardship Letters and Loan Modifications, What to Say, H…

One of the requirements for most loan modifications is a ha...

Loan Modification Hardships

Loan Modification Hardships

The loan modification process all comes down to one thing, ...

Helpful Tips for Loan Modifications

Helpful Tips for Loan Modifications

Loan Modification Help Center – At the Loan Modification H...

Homeowners Are Fighting for Loan Modifications

Homeowners Are Fighting for Loan Modifications

Loan Modification Help Center Since the real estate crisis...

Seven Important Federal Loan Modification Program Facts

Seven Important Federal Loan Modification Program Facts

Every newspaper, television news outlet and website has rep...

Man offered $2 mortgage loan modification

Man offered $2 mortgage loan modification

How would you like to have your loan modification to result...

How to avoid loan modification schemers

How to avoid loan modification schemers

As homeowners across the state continue to struggle with mo...

Hardship Letter Suggestions When Seeking a Home Loan Modification or Short Sale

Hardship Letter Suggestions When Seeking a Home Loan Mo…

Many a homeowner has been "inspired" to do-it-yourself-dom ...

REST Report | Loan Modifications, Stopping Preventable Foreclosure and Scams

REST Report | Loan Modifications, Stopping Preventable …

The information and tools you need to get through the stor...

Are You Eligible?
Check your loan modification eligibility now.
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FHFA Announces Loan Modification Program…

Federal Housing Finance Agency (FHFA) director James Lockhart announced on Tuesday that the FHFA, along with Fannie Mae and Freddie Mac, would be adopting a new, streamlined approach to loan...

Bailing out the economy

Bailing out the economy

Top 10 Questions About Loan Modification…

Top 10 Questions About Loan Modifications The loan modification process can be frustrating and confusing for many distressed homeowners. If you are considering contacting your lender ...

Top 10 Questions About Loan Modification…

Top 10 Questions About Loan Modifications The loan modification process can be frustrating and confusing for many distressed homeowners. If you are considering contacting your lender about a loan workout to...

State Mediation Programs and Foreclosure…

State foreclosure mediation programs that bring together mortgage servicers and troubled property owners put foreclosures on hold when mediation has started. Foreclosures should be halted when mediation...

Obamas Foreclosure Plan

As you may have already heard, President Obama released information about his new foreclosure plan for homeowners with details to follow on March 4th. This is part two of the...

US Banks are now More Likely to Offer Pr…

High post loan modification default rates are forcing lenders to reconsider their reluctance to grant principle reductions when they modify loans. A recent study showing that 50%...

Mortgage Fraud and You

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FHA Raises Its Premiums to Insure Repaym…

The Federal Housing Administration, a U.S. agency that is rapidly shouldering more of the risk on home loans, raised the premiums it charges for insuring that mortgages will...

Lack of Legal Help: One More Way the Dec…

As bad as America's foreclosure crisis is -- and it's very bad, with over 300,000 homes receiving a foreclosure filing every month -- it's being made even more devastating by...

Loan Modification Advice

If you need help understanding your option of taking advantage of the loan modification process, the help is available to you everywhere. The process is quite tricky and...

I ate drank slept and lived fighting wit…

Stories of homeowners who feel mistreated by their banks are commonplace these days. Hundreds of thousands of people are underwater and behind on their mortgages. As they seek...

Ex City Councilman Duped as Brooklyn Rea…

Real estate crime is so prevalent in Brooklyn, even a former city councilman was duped, the Brooklyn DA announced yesterday. The DA’s Mortgage Fraud and Real Estate Crimes Unit...

Want relief from your mortgage? Get a tr…

If you want to shed your mortgage burden, then you may go for a trial loan modification for that purpose. This will help you to navigate through your actual mortgage...

Crackdowns Continue

As the California State Bar, the California Attorney General’s Office, and the California Department of Real Estate work together to clean up the loan modification industry, The...

Who won't be helped by housing fix

NEW YORK (CNNMoney.com) -- Don't have a job? Struggling to keep up with payments on a home worth less than half the mortgage? Owe way more than your home's value, but can...

Man offered $2 mortgage loan modificatio…

How would you like to have your loan modification to result in a payment reduction of reduced $2 and never know the real reason why? In an ...

Homeowners Are Fighting for Loan Modific…

Loan Modification Help Center Since the real estate crisis began two or three years ago, homeowners have been fighting to get loan modifications from banks and lenders. ...

Countdown to March 29 Prepare for a Nati…

This week, the state Attorneys General will begin negotiations with the big banks on the terms of the settlement to their fraudulent practices. While the final details...

Home owners are facing rate adjustments

Many home owners are facing rate adjustments this year on purchase and refinance loans they qualified for when banks were offering Stated Income Liar Loans to anyone that...

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If you need help understanding your option of taking advantage of the home loan modification process, the help is available to you everywhere. The process is quite tricky and it is highly recommended that you do indeed seek legal advice before signing on the dotted line, in order receive the most efficient and cost-effective modification to your mortgage payment.

Where do I get Advice
There is advice all over the web on how to receive a loan modification; some of this advice is quite helpful, while some is quite dreadful. There is also the opportunity to hire a professional service that will help you go through the paperwork and work with the lender to help you get all the benefits that you deserve, due to a hardship. Loan modification is a process that must be understood completely and thoroughly. This article can actually offer you an insight on the process of loan modification and tips that will better help you as a homeowner save your home from the risk of a foreclosure.

Loan Modification Advice
First and foremost, it is important to determine if you are eligible for a loan modification. This requires writing a letter of hardship explaining to the lender what exactly the reason is for your late payments and the fact that you are unable to pay your mortgage. Doing a loan modification on your own requires more than just advice. Becoming educated about the process is more important. This is perhaps a good reason to hire a professional loan modification company to take part in the process. They will handle everything for you, while educating you in the progression. There is a fee charged for hiring these companies, but in turn your mortgage payment can be lowered quite a bit and professionals can even find things in your original loan papers that may prove that the lender may have broken the law during your original mortgage signing.

If you do choose to take the big leap of the loan modification process on your own, you must first contact the lender and they will lead you to the correct department, normally the loss mitigation department. You may not want to directly say that you are in the process foreclosure. We do not want the lender to think your situation is not worth their time before hearing you out. Always document anything relating to the loan modification process, every phone call and any other information you may receive during the process must be documented. Always discuss every option available with your lender, so that you may come up with the best alternative for you. It is true you will save money going directly through your lender and let’s face it, you are struggling already trying to make your payments, but professional assistance can help immensely.

No matter what direction you decide to take, loan modification will be what determines the amount of time you have in your home. If you are eligible you should act as soon as possible.

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