Loan Modification – Can Be A Nightmare
Loan Modification According to a recent posting on Bloomberg, Richard Neiman, the New York State superintendent of banks stated that mortgage companies make the loan modification problem worse because they actually lose paperwork. The California Reinvestment Coalition found in a survey they conducted of 40 counselors that represent around 14,000 homeowners, these counselors all said…
Bank of America and Foreclosure Freeze
Bank Of America – Foreclosure Review Over a month ago Bank of America declared a foreclosure review that would give customers confidence that they were being treated fairly. However, there are a lot of questions yet to be answered. America’s largest bank, B of A, put a freeze on foreclosure sales in 23 states last…
Loan Modification
Loan Modification – Does It Really Work? Recently in a hearing, called by the bipartisan Congressional Oversight Panel, which was given the responsibility of monitoring the government’s foreclosure bailout programs, the panel members pounded the Treasury Department for the shortcomings in its mortgage loan modification process. This hearing came only days after a report issued from…
Loan Modification Failures Get Help
Loan Modification – Is It Worth Trying? A year and half ago, the government launched a loan modification program to help homeowners. The federal government’s loan modification program is unfortunately not helping as many homeowners facing foreclosure as hoped for. Of the Phoenix area borrowers that hoped to lower their monthly payments through the Home…
Loan Modification Gone BAD! Ends in Foreclosure Filing
Loan Modification – Alright Things Are Going Great According to reports, to Feliciano Mendez’ delight, Bank of America sent him a letter stating that his loan modification was approved. Of course, he began making payments, as this was most certainly a great relief to he and his family. Like many other hard working Americans, he…
Foreclosure Expert Videos-2
Foreclosure Expert Loan Modification In today’s market experts feel that loan modifications are a good foreclosure solutions avenue for homeowners to take to stop a foreclosure. But like myself some experts realize that much of the time a loan mod does not work because the bank has little motivation to do a loan modification until…
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