Susan V. Gregory's Blog

Homeowners struggling with high mortgage payments may be able to get relief under Chase Financial's streamlined loan modification process.  The lender is now approved by the Treasury Department to accept applications using the federal program.  This means that homeowners who can meet the basic el...

There is finally some relief in sight for borrowers trying to apply and qualify for a Countrywide loan modification due to the streamlined approval process under President Obama's program.  In just the last few months, over 150,000 have already been approved for their new lower mortgage payment. ...

Homeowners stuck in bad home loans or facing unaffordable mortgage payments may be eligible for loan modification help using the stimulus program.  There is $75 billion set aside to fund very aggressive plans aimed at lowering payments for over 4 million borrowers.  Learn how you can apply and wh...

Homeowners stuck with a bad mortgage or struggling with unaffordable payments may be eligible for a revision to their loan terms.  A loan modification may be the answer for you if your financial situation has changed due to circumstances out of your control.  Record high unemployment, continued r...

Struggling with high mortgage payments but not sure how to get help from your lender?  Wondering if you may qualify for assistance using the $75 billion housing stimulus plan?  It can be frustrating trying to figure out the best option and then understand how to apply and qualify for the help you...

Getting approved for a Countrywide loan modification takes some upfront preparation if you hope to be successful.  Don't worry-you don't have to be an expert or spend all your time learning how the process works.  You can spend just a few hours to learn the basics and greatly increase your chance...

Homeowners facing financial hardship and struggling to continue making their unaffordable mortgage payments often ask if they should just stop making their payments.  There is some confusion about how to get loan modification help if you are not delinquent on your payments, and if being in defaul...

The Stimulus Plan has allocated $75 billion dollars to help financially strapped homeowners get help with a loan modification.  The federal plan is called Home Affordable and consists of two parts-one is called Home Affordable Refinance Plan or HARP, and the other is called Home Affordable Modifi...

Struggling homeowners facing financial hardship because of an unaffordable mortgage may be able to take advantage of Obama's federal loan modification plan and avoid foreclosure with a lower monthly loan payment.  This very aggressive plan is funded by $75 billion dollars of stimulus money, and s...

Struggling homeowners have been given a reprieve by the Governor-the California Foreclosure Prevention Act is a new law that extends the foreclosure process by an additional 90 days.  This law was passed to give borrowers and lenders additional time to find a retention solution-including a loan m...