When it comes to avoiding foreclosure, a loan modification is one the of best solutions for most homeowners. Why? Because they are the least risky for the homeowner and allow them to keep their home. However, recent reports show that principal reduction modifications may be more risky than originally thought. Modifying Terms and Conditions The  … Read more

While more homeowners have begun to seek out mortgage debt solutions like loan modifications, they have been increasingly more difficult to obtain. Many lenders prefer other foreclosure alternatives like refinancing, which is resulting in more applicants being turned away. Although there is no list of qualification guidelines for securing a mortgage modification, there are a  … Read more

As one of the larger lenders in the United States, Wells Fargo has been at the center of some negative news reports regarding stubborn lending practices. After Wells Fargo and several other big lenders became the forefront of scrutiny for stingy loan modification options, they have been working to turn over a new leaf. Since  … Read more

Struggling homeowners nationwide will now have the chance to attend a free mortgage loan modification event held by one of the largest lenders in the United States. While many state governments and regional lenders have participated in similar events late last year, this is the first major event to be held by a lender.    … Read more

While not everyone facing a foreclosure or mortgage debt crisis will be able to successfully secure a loan modification, there have been plenty who have. In fact, a new report shows that there may be a particular formula for boosting a homeowners chances at successful mortgage modification negotiations. Plan Of Action Perhaps one of the  … Read more

The mortgage lending industry can be a dangerous place these days. While many homeowners are simply fighting to avoid foreclosure and secure relief from their mortgage debts, many companies have been engaging in fraudulent practices to take advantage of desperate homeowners. Unfortunately, it isn’t just third party companies that have preyed on homeowners, but many  … Read more

Florida homeowners have been told they have a new wave of hope coming their way to help avoid foreclosure. As so many other homeowners around the nation have experienced, Florida residents have also found securing a loan modification to be extremely difficult or virtually impossible. With the threat of foreclosure pounding the shores of so  … Read more

Although a loan modification can be a great way to get out of mortgage debt and avoid a foreclosure, they aren’t always the easiest to obtain. Many homeowners have tried applying for a loan modification only to be turned away by their lender. Although some of these rejections were due to unreasonable and stubborn lending  … Read more

It has been long enough for suffering homeowners to rely on lenders or third parties to help them out of their mortgage debts. The unfortunate truth is that knowing who you can trust is getting difficult and even your lender may not be willing to help you find a foreclosure alternative, at first. The fact  … Read more

Since President Obama released the Home Affordable Modification Program in 2009, less than one-third of the estimated borrowers in mortgage debt have sought help from the program. Part of the problem has been a lack of consumer education about their loan modification options, the other has been the lack of willingness of the part of  … Read more