Category: Home Loan Modification FAQs / FYI
Loan Modification Do’s and Don’ts
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Home Loan Modification FAQs / FYI on
Apr 7th, 2010 |
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Do: Maintain a calm and professional demeanor at ALL times.
The people you are talking to have a tough job and are getting beat up all of the time. If you lose your cool with them your file may just disappear from the system.
Do: Know your numbers and what you are willing to accept before engaging with the...
Links to Useful Government Sites
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Home Loan Modification FAQs / FYI on
Mar 28th, 2010 |
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You may have heard the President Obama signed the Making Home Affordable legislation this year. In short there are two parts to the plan. If your 1st mortgage is backed by Fannie Mae or Freddie Mac, the act provides for affordable refinancing of your existing loan. That means that they make a new loan and...
Working with Loan Modification Companies
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Mar 28th, 2010 |
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Loan modification companies provide an attractive alternative to attempting a do it yourself loan modification. If you are late or have missed a mortgage payment they may already be calling with promises and offers that make it sound like they are the answer to your prayers.
Loan modification negotiation as...
Step 1: Is a home loan modification right for you?
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Home Loan Modification FAQs / FYI, Loan Modification Step by Step on
Mar 15th, 2010 |
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When is a Loan Modification the Right Solution?
What Payment Should I Settle For?
Can I Keep My Home Long Term?
When is a loan modification the right solution?
When the resulting payment is reduced to 31% of your gross monthly income and you are able to regain financial stability in your life. Accepting a...
Step 3: Working with your bank What you must know first before you initiate contact with them
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Home Loan Modification FAQs / FYI, Loan Modification Step by Step on
Mar 9th, 2010 |
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When dealing with your lender in the process of applying for a loan modification it is essential for you to understand who it is you are dealing with and what they are going to require of you prior to granting a loan modification.
First and foremost: The bank is a debt collector and will be recording your...
FROM – king county home solutions- March Market Update with Ken Crotts and CompanyA look at the King County housing market trends in East and Southeast King County Washington. Available properties for sale continue a 6 month drop as pending sales increase. This is leading to fewer houses for home buyers and greater certainty for home sellers. Are we at the bottom of the market? […]
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- Seattle’s 2011 Real Estate Market WinnersAnd the winners of the 2011 real estate market in Seattle are………. First time homebuyers! Yeah. First time homebuyers in the Seattle are in 2011 benefitted from the aligning of a real estate crash and economic decline that created a buying opportunity once only heard of as tales from our grandfathers day. In 25 years [...] […]
- How HAFA WorksAnytime the government gets involved things tend to confusing and you find yourself talking in acronyms. Well the Home Affordable Foreclosure Alternatives (HAFA) program is no different. As a Certified Distressed Property Expert (CDPE) I have access to some materials that should help cut through the acronyms and provide a better understanding of one of [...] […]
- Syndication[…]