The Home Affordable Modification Program (HAMP) is one of the programs designed to help homeowners fight mortgage debt and avoid foreclosure. While the program did not live up to initial expectations, changes have been made recently to broaden the scope of assistance. Tier 2 As of June 1, 2012, new changes have been made to  … Read more

With all of the disappointment in the mortgage industry in recent years, some recent reports may just give you a ray of hope. Not only have lenders been ordered to change their tune, many are going above and beyond. A Call To Action As part of the mortgage debt settlement, many lenders are required to  … Read more

One foreclosure alternative that has gained interest in recent months is mortgage modification. While many people have heard of them, few people actually know what they entail or even how to go about applying for one. The key is preparation. Solid Ground Too often people rush into the mortgage debt relief process looking for a  … Read more

The last few years has been spent juggling finances and struggling to maintain our debts as the economy has continued to challenge each of us. While some of us have been able to stay afloat, others have not been as lucky and many have succumbed to the foreclosure crisis. However, good things have come from  … Read more

For homeowners with underwater mortgages, it’s reasonable that anxiety can start to set in.  However, don’t let yourself become too upset!  You should know that there is hope for someone in your situation: loan modification. What are underwater mortgages? The term “underwater mortgages” describe a home that is worth less than the amount owed on  … Read more

For many Americans today, a loan with bad terms and a high interest rate can make life quite difficult.  If you are struggling to repay your loan, then you should consider loan modification.  Talking to your lender about loan modification can give you the relief you need in order to pay off your loan in  … Read more

You may be surprised to know that some of the loans you currently hold could be good candidates to consider for loan modification.  Loan modification occurs when both the lender and the individual receiving the loan agree to modify the terms of the loan.  If you are currently paying back a loan to a bank  … Read more

The recent tough economic times have a lot of struggling homeowners fearing that foreclosure may be on the horizon if they do not proactively take charge of their situation.  There are, fortunately, alternatives to foreclosure out there.  One such option is mortgage modification. What is Mortgage Modification? Under certain circumstances, lenders and homeowners may renegotiate  … Read more

Mortgage debt options haven’t been the easiest to secure with lenders in recent years as many have held stubborn lending practices. As a homeowner, you do have some recourse when it comes to being denied options like a mortgage modification. Try Again If your lender has denied you a mortgage modification there are few of  … Read more

Loan modification help has been difficult to come by for many homeowners in recent years. In efforts to combat stubborn lending practices and help homeowners avoid foreclosure, the government launched the Home Affordable Modification Program (HAMP) in 2009. Since its launch the program has helped thousands of distressed families, but is facing criticism over failing  … Read more