With so many behind on their mortgage payments and foreclosure looming around the corner, many have begun investigating potential solutions to their financial troubles. There are many options on the table, which can complicate the mortgage relief process. One concept is to enter a loan workout, which basically refers to plan to restructure mortgage debts  … Read more

A mortgage modification can be a great tool to help relieve your mortgage debt troubles and avoid foreclosure. However, there are a few factors that influence your chances of successfully obtaining a mortgage modification that is beneficial to you. Your Lender It is important to remember that your lender is the only one who can  … Read more

Many people facing financial trouble have never heard of a forbearance agreement. In short, a forbearance agreement is a deal between you and your lender that provides for temporary relief from a debt. Although they come in many forms, the basic idea is to provide you with a break from paying high monthly payments for  … Read more

Although the housing market is not as strong as it was a few years ago, there are many people still in the position to buy. Many of these buyers are considering short sales or foreclosures in order to get a good deal. Buying homes in the midst of mortgage trouble may not be a bad  … Read more

A mortgage loan modification is a great tool for helping relieve mortgage debts and avoid foreclosure. However, many homeowners have found the process to be difficult and overwhelming. The problem is that your lender holds all of the power when negotiating a loan modification, but this does not mean that you cannot influence the outcome  … Read more

Florida is among the worst hit in the housing crisis. Topping the nation’s foreclosure chart, Floridians have suffered with personal debt burdens, unfair lending practices and predatory mortgage modification companies. Lawmakers are hoping a new legislation will put an end to these problems and help homeowners have a fighting chance at keeping their homes. Predatory  … Read more

The mortgage loan modification process can be cumbersome to navigate and requires much effort on the part of the homeowner. Many people have found dealing with certain big name banks to be difficult and frustrating. Between lost paperwork, lack of communication and confusing negotiations, some have given up the pursuit of lowering their monthly mortgage  … Read more

Foreclosure, it is a word that strikes fear in the heart of every homeowner. We know all too well the threat of foreclosure and know we will stop at no cost to avoid it. However, studies are finding that while many people fear foreclosure, few very are actually educated as to all of their options.  … Read more

With so many loan modifications, modification programs, foreclosures and short sales these days, a little rumor control is mandatory. The loan mod industry is rife with hucksters, con artists and rumors. Still, there are more insidious myths being told that have some claim on the truth. Here are a few: Principle reduction loan modifications are  … Read more

Though loan modification agreements are approved of on a case-by-case basis, banks typically understand hardship in one of the following ways: Disability or illness Lenders may approve of a loan modification because you or your spouse has fallen on sudden, irremediable disability or illness. In such a case, a bank will approve a loan modification  … Read more