ARCHIVED BLOG POSTS
2009
Over $2 trillion has been lost in home equity in the United States, and that means that many homeowners now owe more than their home is worth. Struggling borrowers have few options to refinance or sell, so a loan modification becomes the one good solution to avoid foreclosure and stay in their ho...
01/29/2009
An announcement today gives 478,000 distressed borrowers access to a Wachovia loan modification that will offer to modify the terms of homeowners facing payment difficulties. Wells Fargo Bank acquired Wachovia last year, and the deal was finalized December 31, 2008. Up until now, struggling hom...
01/27/2009
Why are some homeowners approved for loan modification help while others are denied? There is an application process that interested borrowers must go through in order to be considered a candidate for a loan workout with their lender. Not everyone qualifies-find out who gets approved and why be...
01/26/2009
If you are one of the 4 million homeowners stuck with high monthly mortgage payments, you may benefit from loan modification help to lower your loan payments. Almost every lender has implemented some type of loan modification program to help their struggling borrowers find a way to stay in their...
01/26/2009
Stuck with an unaffordable home loan and trying to learn how best to apply for help with a mortgage loan modification? There is a lot of information in the news about different mortgage loan modification options for struggling homeowners, the truth is that not all borrowers will qualify for a lo...
01/20/2009
Frustrated borrowers trying to get help with a loan modification program are confused about which program they may qualify for to get the lower home loan payment they need. That's understandable with all of the new announcements about various lender and government programs being introduced to of...
01/20/2009
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Trying to get started with your own loan modification application but do not know what forms you need or how to complete them? Beware-how you complete and submit your paperwork will in large part determine if you are approved or denied a loan workout with your lender. Since not all homeowners w...
01/05/2009
Millions of borrowers across the nation find themselves without many options to stay in their home and avoid foreclosure. Adjustable rate mortgages and declining home values find many homeowners painted into a corner with no where to turn. However, for many of these distressed borrowers, a loan...
01/05/2009
A Wachovia loan modification has been extremely difficult to get for the thousands of borrowers stuck with those unaffordable and risky Pay Option ARM loans. Most borrowers were told by the bank's employees that no Wachovia loan modifications were being granted, regardless of the homeowners situ...
01/03/2009
Homeowners with unaffordable loans owned or serviced by Fannie Mae or Freddie Mac can take advantage of a streamlined loan modification program to help them avoid foreclosure and stay in their homes. Fannie Mae has been working with 27 lenders and servicers in the Hope Now Alliance to offer borr...
01/03/2009
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Susan V. Gregory
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