July 2010
M T W T F S S
« Oct    
 1234
567891011
12131415161718
19202122232425
262728293031  

Are All Loan Modification Companies the Same?

Loan Modification Help Center
As the real estate crisis deepened, homeowners began to search for help wherever it was available. As a result, loan modification companies went from a niche industry with little visibility to the national spotlight in a heartbeat. Now, however, people and governments are recognizing that not all loan modification companies [...]

Los Angeles Home Sales Dip

Loan Modification Help Center
One of the key factors in determining the overall health of the United States economy is the level of sales of new and old homes.  In Los Angeles, more than 1,000 fewer homes were sold in August of 2009 than in July of 2009.  While the numbers are up from August of [...]

How Foreclosures Affect Your Credit

Loan Modification Help Center
If you are interested in getting a loan modification then there is a good chance you are suffering from some serious financial problems.  Most likely, there are a number of options available to you, including foreclosure, a short sale and other mortgage defaults.  What many people are unaware of are the implications [...]

Dealing With Banks for Loan Modifications

Loan Modification Help Center
If you are hoping to get a loan modification, or are in the process of getting a loan modification, you are most likely facing some major challenges.  Working with banks is difficult, and people who are choosing to handle their own loan modifications are encountering how slow banks work and how hard [...]

Betting Your House

With the economy and real estate continuing through their agonizing corrections, millions of homeowners find themselves in financial distress due to the purchase of their home combined with excess consumer debt as a result of slowing work environment. There are as many different circumstances as there are families that are causing millions of people to [...]

The Need for Attorney Driven Loan Modifications

Carrington Mortgage Services is following orders given by the Obama Administration to speed up the processing time for home loan modifications. In fact, they’re processing modifications at double the speed of some other loan servicers. The caveat for homeowners, however, can be summed up by the saying, “Be careful what you wish for.” According to [...]

Southern California Housing Stays Soft

According to MDA Dataquick, Southern California housing prices fell 23 percent in July from a year earlier as foreclosures dominated sales for the month. The median price dropped to $268,000 from $348,000 a year earlier, the San Diego-based research company said recently in a statement. Homes sales were up almost 19 percent from a year [...]

Foreclosures Go Up Scale

The release of the Mortgage Bankers Association’s National Delinquency Survey showing that defaults were reaching record levels did not surprise anyone, in or out of the industry. The delinquency rate for mortgage loans on one-to-four-unit residential properties rose to a seasonally adjusted rate of 9.24% of all loans outstanding as of the end of the [...]

Cramer’s Call on Housing Will be off by at Least a Year (or two)

Loan Modification Help Center
Anyone that watches CNBC knows that Jim Cramer isn’t afraid to express an opinion or make a market call. One of his recent prognostications was that the housing market bottomed on June 30th and that recovery, or at least stability, will reign from that date forward. While the forecast may have provided [...]

Are Banks Helping?

Loan Modification Help Center –
Loan modifications have been around for a long time, and loan modification attorneys have been around for a long time as well.  However, with the recent economic crisis creating many foreclosures in California, the focus on loan modifications is unprecedented.  As such, banks have to make new decisions on lending, borrowers [...]