1st Foreclosure Prevention Blog
Archive for 2010July 30th, 2010When homeowners apply for a loan modification they are often concerned about their credit score. Looking at it logically, since modification does not add debt to the individual then credit score should not decrease. In fact, since the debt may decrease the credit score might even increase and start to get better. Once the payments [...]
posted by admin at 11:04 pm
No Comments | Categories: Avoid Foreclosure, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, loss-mitigation | |
July 30th, 2010There are tens of thousands of individuals who are still waiting to hear back from the lenders concerning their loan modification application. They have made repeated phone calls only to discover that all of the documents haven’t been submitted or that a part of the application has been filled in wrong. These mistakes cost time [...]
posted by admin at 11:01 pm
No Comments | Categories: Avoid Foreclosure, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, loss-mitigation | |
July 30th, 2010There are many details to consider when applying for a loan modification but there are five basic rules that when heeded can make the whole process go a lot smoother. Much of this takes into account mistakes that others have made while applying when loans were being given out between 2001 and 2008 because this [...]
posted by admin at 3:55 am
No Comments | Categories: Avoid Foreclosure, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, loss-mitigation | |
July 29th, 2010The Federal loan modification program has been a great help to those families suffering from bad economical times. Many individuals have received the reduction of principle, decrease in interest rates, and a lengthened amortization. There is one thing that all of these individuals have in common – they all fit the requirements which means that [...]
posted by admin at 3:13 am
No Comments | Categories: Avoid Foreclosure, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, loss-mitigation | |
July 28th, 2010Loan modifications take a few months to process and because there are so many papers involved and so many meetings and appointments to keep, it is important to keep track of all of this. Not only that, but there are phone calls to make concerning progress that have to be done.
posted by admin at 2:53 am
No Comments | Categories: Avoid Foreclosure, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, loss-mitigation | |
July 27th, 2010There are countless numbers of loan modification companies that exist to help individuals with their loan modification application and negotiations. Within these companies there are multiple differences even amongst those that are affiliated with each other. This means that an individual really ought to compare the companies before making the choice of who to have [...]
posted by admin at 3:01 am
No Comments | Categories: Avoid Foreclosure, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, loss-mitigation | |
July 26th, 2010When an individual is getting ready to apply for loan modification there are a number of tasks to complete and they aren’t just related to the actual paperwork. A person has to be prepared to know what to expect which takes some research. It takes time to resolve these issues with the lender and in [...]
posted by admin at 3:04 am
No Comments | Categories: Avoid Foreclosure, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, loss-mitigation | |
July 26th, 2010Forensic audits occur when a professional such as an attorney looks through loan papers to find mistakes or violations. This can be requested by the borrower to give them leverage when they want a modification. Between 2001 and 2008, over three quarters of the loans that were made had violations in them that were actually [...]
posted by admin at 2:43 am
No Comments | Categories: Avoid Foreclosure, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, loss-mitigation | |
July 23rd, 2010Finances are something that shouldn’t be taken lightly at times when the family is in serious trouble with making mortgage payments. Timing is very important and when the payments aren’t made on time or are missed for three months, the foreclosure process is started. This can be ceased through an application for modification but even [...]
posted by admin at 12:34 pm
No Comments | Categories: Avoid Foreclosure, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, loss-mitigation | |
July 23rd, 2010When word spread around concerning the Affordable Home loan Modification Program there was a lot of excitement. It meant hope for millions of families who had succumbed to a deteriorating economy. This hope for some was devastated because of the guidelines that weren’t heavily publicized until July of 2009 that many still didn’t understand. While [...]
posted by admin at 12:30 pm
No Comments | Categories: Avoid Foreclosure, Loan modification specialist, Mortgage Mitigation, Mortgage help, Saving your home from Foreclosure, foreclosure, foreclosure mitigation, loss-mitigation | |
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