The general idea behind Loan Modifications as put forth by President Obama was noble and much needed however the implementation of the idea is riddled with holes, hurdles, and hazards. Problem 1 The Making Homes Affordable Act and the Guidelines set forth by ...
This is the second most common question I am asked every day (the first one being: Do I Need To Hire An Attorney To Do A Loan Modification?). A loan modification USUALLY takes between 60 and 90 days. Usually. The banks have been known to take less time and sometimes they take as much as ...
Not all lenders are participating the the Making Homes Affordable Act (MHA) and therefore not following the Federal Guidelines. Take a breath, this does NOT mean that you cannot modify! Almost every lender regardless of size has internal modification programs. Many of them mirror the federal guidelines, some in fact, are even easier to qualify ...
This is the number one question we get everyday. Do I need to hire an attorney to do a loan modification? The answer is NO. You do not need to hire an attorney to do a loan modification. You can absolutely do it yourself. You can contact the bank and begin the process yourself. Many ...
There are so many scams out there. Loan modification companies are popping up everywhere. Everyone thinks they are an expert. Here is what I can tell you...not everyone is an expert. That is how the economy ended up the way it is now. Everyone tried to get into the Real Estate field and became a ...
