All Posts Tagged With: "Modification"

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Federal Loan Modification Plan Offers Relief For Homeowners – Who Qualifies?

Government loan modification that has certified counseling agencies as well as local community service agencies grant they have been flooded by demand for loan modification. The demand has opened the for loan modification services now provides with lenders, real estate agents, attorneys, mortgage brokers, government agencies, and other professionals. The demand stems from a proliferation [...]

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Why Do Lenders Prefer a Loan Modification Over a Foreclosure?

Lenders are known to be difficult when it comes to loan modifications. But did you know that they benefit at least as much from the process as you do? The main reason they balk at Mortgage Modification is that they have to train agents to handle them, and each case requires individual attention. But it [...]

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5 Things in a Loan Modification Hardship Letter

A financial hardship letter explains to your creditor why you are in financial trouble and requests a specific remedy to help you through the crisis. There are different reasons for writing a hardship letter, but the most common these days are: 1. Requesting a Loan Modification or restructuring 2. Requesting a short sale to avoid [...]

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How to Speed Up the Loan Modification Process ?

Foreclosure is always a race against time. Although a home loan modification can slow the process, you have fewer options the longer you wait. Not all lenders have the staff or experience to handle mortgage loan modifications. Even with a capable attorney, the process can drag on for months. But you don’t have to sit [...]

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The Right to Rescind Your Mortgage – a Powerful Tool for Negotiating a Loan Modification

Your best tool to negotiate with your mortgage company is the discovery of a Truth in Lending Act (TILA) violation, which in some cases may give you the right to rescind the loan. State and Federal laws require mortgage companies to follow specific guidelines when originating home loans and as a result many mortgage loans [...]

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