If you’re new here, you may want to subscribe to my RSS feed. Thanks for visiting!Mortgage modification scams start with a telephone call or unsolicited mail and end with an empty house, a foreclosure and a homeless family. That was the case of The Kennedy’s as published by the KNSD.
The Kennedy’s were struggling to [...]
Mortgage Scams have been on the headlines of the news as the nationwide raid on mortgage consultants arrested high profile loan modification consultants and firms. This has created a panic among homeowners that need a loan modification creating insecurity among those that need the most help.
In response to this situation the Federal Trade Commission has [...]
Mortgage modification and mortgage refinance are at the top of Obama’s administration priorities in domestic finance. Washington wants Banks to do their bit for the economy and provide reasonable loan modifications for the hardest hit families and is willing to pay them for the favor.
However banks don’t seem to be moving fast enough. The programs [...]
Obama Mortgage Plan, Pays For Paying Your Mortgage
Home mortgage aid plans are hard to design. Because of how the ideologies behind open market and social responsibility are polarized no matter what you do with a mortgage aid plan pretty much half the nation is going to disagree with you.
Obama’s new mortgage plan is not perfect, [...]
The new mortgage plan is out there, fresh out the box. The new loan mortgage plan has been designed to help more people dig themselves out the current crisis. There are actually some clever incentives for those who try and work with their mortgage even if it is upside down. So here are the two [...]
HARP, the government Home Affordable Refinance Program has consistently grown and expanded the help provided as more power and finances are invested in this program.
If you are in danger of losing your home or are struggling to make payments HARP could provide you with the break you need to get back on your feet.
If you [...]
A SWAT style sweep on Loan Modification and Mortgage Refinance “consultants” ended with 189 legal actions filed accusing the so-called consultants of bilking homeowners desperate not to lose their home and desperately in need of reducing their monthly expenses.
The legal actions against the loan modification consultants include cease and desist orders by the Federal Trade [...]
HOPE produced mixed results in the month of June. On the whole thought it seems like June was a better month for the government foreclosure and debt management counseling service.
HOPE Now program provides counsel for home owners in risk of losing their homes by providing specific advice and debt management workouts to refinance mortgages and [...]
Mortgage modifications have received a lot of publicity in the media due and with good reason, millions and millions (4-5 according to government projections) will be left homeless if they don’t make appropriate loan modifications to their mortgages.
However that does not mean that loan modifications are only for the poor and destitute. We can all [...]
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