Unfortunately, there are so many people that feel as though they do not want their house anymore. They just want to let it go into foreclosure and the bank can have it. This is a TERRIBLE option. Just giving up on paying your mortgage is not a good option.
There are so many options out there is [...]
Over the course of the last month, I have received numerous phone calls from prospective clients regarding loan modifications. I have been told over and over that they were offered a 100% guarantee on a loan modification by either another attorney or a loan modification company. This is my response, “RUN!” There is NO ONE who [...]
I have had a website since 2004. However, I am new to blogging. I haven’t even been blogging for a year, yet. I still have a lot to learn when it comes to blogging and maintaining my website. Today, I wanted to mention the bloggers that who have shaped the way I blog and helped [...]
The short answer here is NO! It is our policy that you should always make your mortgage payments. Failing to pay your mortgage is the fastest and most direct route to financial ruin, bad credit and the inability to buy another home when times get better. There are no exceptions to this rule, however sometimes [...]
With so much information and mis-information out there, I thought that I would take the time to explain the loan modification process in-depth. There are so many steps to getting approved for a loan modification and any misstep in the process can result in your package being denied.
Many financial experts and advisors cannot figure out why [...]
The general idea behind Loan Modifications as put forth by President Obama was noble and much needed however the implementation of the idea is riddled with holes, hurdles, and hazards.
Problem 1
The Making Homes Affordable Act and the Guidelines set forth by President Obama make obtaining a loan modification difficult for those borrowers who are/were the [...]
This is the second most common question I am asked every day (the first one being: Do I Need To Hire An Attorney To Do A Loan Modification?). A loan modification USUALLY takes between 60 and 90 days. Usually. The banks have been known to take less time and sometimes they take as much as 120 [...]
Not all lenders are participating the the Making Homes Affordable Act (MHA) and therefore not following the Federal Guidelines. Take a breath, this does NOT mean that you cannot modify! Almost every lender regardless of size has internal modification programs. Many of them mirror the federal guidelines, some in fact, are even easier to qualify for. However, [...]
