Although it may not seem as such, there are, in fact, several options to individuals facing foreclosure. To help narrow down these options and decide which route to take, you need to first determine, very simply, what your intentions are. Do you want to keep your house or do you want to sell it? Below ...…
So, how do you know if you are eligible or not for the new government loan modification program? Eligibility requirements for the “Home Affordable Modification Program” are relatively loose and most likely only rule out less than 5% of the nine million homeowners currently struggling with their mortgage. The requirements include: The subject property is ...…
The Hope For Homeowners program was developed in July 2008 and actually became active October 1st 2008. From the start, expectations were low with Congressional analysts forecasting a mere 400,000 possibly benefiting from the program. This figure is, of course, dwarfed by the estimated nine million homeowners currently in default, behind on their mortgage or ...…
Foreclosures, mortgage defaults and delinquencies have soared nationwide and, subsequently, so have the number of loan modification companies and “do-it-yourself” eBooks. With the new government “Home Affordable Modification” program, you and everyone who qualifies should absolutely take advantage while it is available. But, in lies the question, “Which route should I take?” While there are ...…