Hardship Letter Tips for your Loan Workout If you are trying to obtain a loan modification or other loan workout plan, then your bank’s guidelines are going to require that you write a hardship letter. What is a Hardship Letter? A hardship letter is required by lenders when negotiating a loan modification or any loan …
Category Archive: Loan Modification Mayhem
Jan 10
State of the Union: Affordable Mortgages
Has Obama’s Housing Policy Failed? Obama’s Housing Plan Did you watch the State of the Union Address on Tuesday? It’s Obama’s last before the election later this year. President Obama hit on a number of points and spoke firmly about using “government power to balance the scale between America’s rich and the rest of the …
Dec 15
Foreclosure Help from…Occupy Wall Street?
Struggling with continuous evictions and attempting to confront economic issues at the same time, the 3 months old Occupy Wall Street movement is setting its sights on the foreclosure crisis. Championed by occupyourhomes.org, participants all across America are now learning about subprime mortgages and wrongful foreclosures and interacting with homeowners in mortgage problems to see …
Dec 10
Florida Homeowners, Have You Applied for HARP 2.0?
Refinancing guidelines have recently been changed by the Obama administration in order to help more struggling homeowners who have negative equity. This means if you have stayed current on your mortgage for the past 12 months and upside you may qualify, that’s where HARP 2.0 comes in. Implemented in October, HARP 2.0 is the Federal …
Nov 15
Will The Independent Foreclosure Review Help You?
According to the OCC’s new program, up to 4.5 million homeowners who had foreclosures filed against them in 2009 & 2010 will be eligible to have their foreclosures reviewed with an Independent Foreclosure Review to see if there is or was improper or fraudulent activity in their case. Is There A Catch? OCCLike most of …
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