If you are in trouble with your mortgage payment, you may be applauding recent government programs to help you negotiate a loan modification. You may have already been helped through Making Home Affordable or through a similar program at your bank. Now with recent program changes that encourage principle reduction and offer help making payments when you are unemployed, you may feel assured that you will make it through a tough time with your home intact.
Tag: Loan Modification
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Foreclosures Put Banks in the Spotlight.
Every new wave of the Making Home Affordable Program (HAMP), as well as every wave of foreclosures, puts the banks in the spotlight in ways they...
HAMP – One More Time.
Eversince President Obama announced the Making Home Affordable Program (HAMP) to attack the housing crisis head on, there have been many...
Counseling Works—A Definitely Maybe Dilemma!
In trouble with your mortgage? Feeling a bit desperate? What to do, what to do? Don’t fall for a scam that offers you quick and ready help. ...
Loan Modification Program On Track, But..
The most recent report released December 10 indicated that the program is not only on target but ahead of schedule in terms of people who are at some point in the process.
Is Loan Modification for You?
Loan modification is a good first step for homeowners in financial trouble who want to keep their homes. In the housing boom from 2004-2006, many...