Rejections have become a way of life in the Loan Mod Application process. Lenders, simply overwhelmed with the demand, can’t (or won’t) deliver reasonable levels of performance. That is, in spite of almost two years of efforts and 18 months of Making Homes Affordable “encouragement” the banks still produce very few successful modifications…even to [...]
Recorded live. Transcript coming soon!
Mortgage Modifications: When the tough get going!
Recorded live. Transcript coming soon!
Short Sale Myths, Facts and Frequently Asked Questions
Transcript coming soon!
The nuns used to punish me for getting out-of-line but, these days I do it all the time and coach others to do so as well. I know Sr. Helen Michael would be pleased, however, because I am giving good advice that is helping people! Here’s what I mean.
In the current Loan Modification Frenzy, [...]
If the value of your home has declined below the amount you owe on it…you are said to be “upside down” or “underwater”! Both terms conjure up negative thoughts, and, rightly so. With all the due diligence you put into the purchase, and all the business acumen, actuarial smarts, underwriting/appraising and brokerage experience put into [...]
We had a great show tonight on how to followup on your loan modification. This is a make or break component of the modification because if you aren’t babysitting your modification it just ain’t gonna happen! Enjoy the show!
Transcript coming soon. Recorded 6/3/10
The loan modification process is arduous. No one…not applicant, counselor or bank employee…is pleased with the process. And, with tens of thousands of applications ahead of you in line, you have to take extraordinary measures to make it through the process successfully.
Effective follow-up on your application is one of those measures. Your goal in follow-up [...]
For anybody who has a mortgage, understanding how home loan modification programs work nowadays could be important. That’s because the economy, being in the shape it is, is forcing many more people to look at modifying their mortgages than was the case in the past. Fortunately, there are a number of programs, both governmental and [...]
When considering home loan modification programs nowadays, understand that they’ve generally come about because of general economic circumstances in the wider world. Many people are struggling to pay their home loans, in other words. But there are several programs that those holding a mortgage may be able to take advantage of, including modifying it so [...]
