Things are getting nastier, that’s for sure. It’s getting harder to get “out-of-line” and move to the front of the line for a decent loan modification. Over 10,000 homeowners are submitting loan mod applications each day…and fewer than 10% are getting good modifications. You must be in default and you must flex the muscle of [...]
The Making Home Affordable Program is no longer available to folks with non-Fannie/Freddie mortgages who have been convicted of real estate related crimes, including tax evasion, money laundering or felony larceny fraud or forgery. New applications for the program must include an affidavit called the Dodd-Frank Certification (that’s right, one more form!) that clarifies the [...]
Often homeowners need more time and seek to delay the foreclosure process – to get more time to settle on a Workout Plan that suits them. These are the Top 7 ways to buy more time.
Constant communications with lender – That’s right, good faith communications about your plans and actions to resolve your situation and [...]
In 2010 we got the news that Fannie Mae has instituted the “Deed for Lease” Program. This is a great innovation that may make the “transition” from homeownership to rentership easier for families.
The Program allows borrowers to transfer their property back to the lender in a Deed-in-Lieu, then lease back the house at [...]
The Obama administration is “basking in the glow” of some impressive numbers of loan modifications during the June-September time frame. The “trial modification initiative kick-started the fledgling Making Homes Affordable Program and its modification section called Home Affordable Modification Program.
The numbers out today claim the Program has now reached one in five eligible homeowners, but [...]
Many of our clients are bankrupt…they just don’t admit it to themselves and they have not yet filed – and, maybe never will. It’s too bad, because they could be enjoying the protections our legal system affords them…protection and relief for when financial things have gone awry
As part of a foreclosure workout strategy you [...]
