1st Foreclosure Prevention Blog
Archive for April, 2009April 23rd, 2009The Obama administration’s foreclosure prevention program was launched on Wednesday. This multifaceted plan calls for lenders and servicers to help as many as 4 million struggling home owners by modifying loans so their house payments are no more than 31% of monthly gross income. Separately, homeowners who have NOT missed a payment may have the [...]
posted by 1st Foreclosure at 2:05 am
No Comments | Categories: Uncategorized | Tags: 1stforeclosureprevention, consultants, foreclosure, laws, loss-mitigation, mortgage, prevention, properties, real-estate, save-home| April 23rd, 2009There has been a lot of coverage lately in the news media regarding foreclosure prevention scams. 1st Foreclosure Prevention is happy for this attention as it will weed out the scammers who take advantage of homeowners who are already in an unfortunate situation.
posted by 1st Foreclosure at 2:01 am
No Comments | Categories: Uncategorized | Tags: 1stforeclosureprevention, consultants, foreclosure, laws, loss-mitigation, mortgage, prevention, properties, real-estate, save-home| April 23rd, 2009It has come up numerous times in the past few days where clients are confused because of the “estimated 1st payment date” on the modification proposal.
posted by admin at 1:58 am
No Comments | Categories: Uncategorized | Tags: 1stforeclosureprevention, consultants, foreclosure, laws, loss-mitigation, mortgage, prevention, properties, real-estate, save-home| April 23rd, 2009The foreclosure process is part of the collection process. The entire process from start to finish can take at least 8 months to over a year depending on the state. What the client needs to be aware of is the foreclosure process and the modification process run simultaneously with the lender for the protection of [...]
posted by 1st Foreclosure at 1:54 am
No Comments | Categories: Uncategorized | Tags: 1stforeclosureprevention, consultants, foreclosure, laws, loss-mitigation, mortgage, prevention, properties, real-estate, save-home| April 23rd, 20091st FP is aware of this and welcomes the opportunity to serve clients with integrity. In any industry there are those who will taint the reputation of the entire industry while there are those firms, such as 1st FP, who diligently work on behalf of the client to secure the most beneficial outcome. 1st FP [...]
posted by 1st Foreclosure at 1:49 am
No Comments | Categories: Uncategorized | Tags: 1stforeclosureprevention, consultants, foreclosure, laws, loss-mitigation, mortgage, prevention, properties, real-estate, save-home| April 15th, 2009Did you know that one out of every 135 homes in the US went into foreclosure in the first two quarters of 2007? But that was nothing. In 2008, foreclosure activity saw an increase of over 81%! While there’s no predicting how hot or how long this financial summer is going to be, all indications [...]
posted by 1st Foreclosure at 2:09 am
No Comments | Categories: Uncategorized | Tags: 1stforeclosureprevention, consultants, foreclosure, laws, loss-mitigation, mortgage, prevention, properties, real-estate, save-home| Search the 1st Foreclosure Prevention Blog...... |
