• images/banners/images1.jpg
  • images/banners/images2.jpg
  • images/banners/images3.jpg

Announces

FHFA Announces Loan Modification Program…

FHFA Announces Loan Modification Program for Fannie, Freddie

Federal Housing Finance Agency (FHFA) director James Lockhart announced on Tuesday that the FHFA, ... Read more

Foreclosure

LOAN MODIFICATION HELPS WITH THE THREAT …

LOAN MODIFICATION HELPS WITH THE THREAT OF FORECLOSURE

If you are anguishing over the possibility of foreclosure on your home, there is an option that can help save your home and dignity. With all the options tha... Read more

A+ R A-

Latest News

  • 1
  • 2
FHFA Announces Loan Modification Program for Fannie, Freddie

FHFA Announces Loan Modification Program for Fannie, Fr…

Federal Housing Finance Agency (FHFA) director James Lockh...

Do you need mortgage help?

Do you need mortgage help?

You need mortgage help and have tried refinancing or a loa...

Loan Modification Advice

Loan Modification Advice

If you need help understanding your option of taking advanta...

Top 10 Questions About Loan Modifications

Top 10 Questions About Loan Modifications

Top 10 Questions About Loan Modifications The loan modifica...

LOAN MODIFICATION HELPS WITH THE THREAT OF FORECLOSURE

LOAN MODIFICATION HELPS WITH THE THREAT OF FORECLOSURE

If you are anguishing over the possibility of foreclosure o...

Mortgage Loan Modification and How It Can Help

Mortgage Loan Modification and How It Can Help

Mortgage loan modification - How can it help? Mortgage loa...

Hardship Letters and Loan Modifications, What to Say, How to Say It

Hardship Letters and Loan Modifications, What to Say, H…

One of the requirements for most loan modifications is a ha...

Loan Modification Hardships

Loan Modification Hardships

The loan modification process all comes down to one thing, ...

Helpful Tips for Loan Modifications

Helpful Tips for Loan Modifications

Loan Modification Help Center – At the Loan Modification H...

Homeowners Are Fighting for Loan Modifications

Homeowners Are Fighting for Loan Modifications

Loan Modification Help Center Since the real estate crisis...

Seven Important Federal Loan Modification Program Facts

Seven Important Federal Loan Modification Program Facts

Every newspaper, television news outlet and website has rep...

Man offered $2 mortgage loan modification

Man offered $2 mortgage loan modification

How would you like to have your loan modification to result...

How to avoid loan modification schemers

How to avoid loan modification schemers

As homeowners across the state continue to struggle with mo...

Hardship Letter Suggestions When Seeking a Home Loan Modification or Short Sale

Hardship Letter Suggestions When Seeking a Home Loan Mo…

Many a homeowner has been "inspired" to do-it-yourself-dom ...

REST Report | Loan Modifications, Stopping Preventable Foreclosure and Scams

REST Report | Loan Modifications, Stopping Preventable …

The information and tools you need to get through the stor...

Are You Eligible?
Check your loan modification eligibility now.
Property & Loan Information
Property State
Approx Property Value
Mortgage Payment Status
Total Loan Balance
Who is Your Lender
Monthly Income
Are you experiencing financial hardship?
Fixed/Adjustable Loan
First Name
Last Name
Primary Phone
Email
Past Due on Credit Cards?
Unsecured Debt
Contact Information

Random News

Prev Next

The Obama-Biden Plan

country faces its most serious economic crisis since the great depression. Working families, who saw their incomes decline by $2,000 in the economic "expansion" from 2000 to...

Mortgage Loan Modification and How It Ca…

Mortgage loan modification - How can it help? Mortgage loan modification can give you several different options to ease your financial situation. These options include, but are not ...

State Mediation Programs and Foreclosure…

State foreclosure mediation programs that bring together mortgage servicers and troubled property owners put foreclosures on hold when mediation has started. Foreclosures should be halted when mediation...

EMERGENCY!! PLEASE TAKE ACTION RIGHT NOW…

EMERGENCY!! PLEASE TAKE ACTION RIGHT NOW… SAVE BANKRUPTCY REFORM! JUST MINUTES AGO… House Rules Committee agreed to allow the bankruptcy modification amendment THAT WOULD ALLOW JUDGES TO MODIFY MORTGAGES...

Tips For Your Loan Modification Applicat…

Loan Modification Help Center One of the reasons a loan modification attorney is so important to the loan modification process is that there are a million details and...

Hardship Letter Suggestions When Seeking…

Many a homeowner has been "inspired" to do-it-yourself-dom by a traumatic encounter with a bad contractor (traumatic to the psyche -- or the pocketbook). In the same...

I ate drank slept and lived fighting wit…

Stories of homeowners who feel mistreated by their banks are commonplace these days. Hundreds of thousands of people are underwater and behind on their mortgages. As they seek...

Huffington Post blogger and accidental a…

Huffington Post blogger and accidental activist, Richard Zombeck founded ShametheBanks.org after watching as nearly all homeowners who told their story publicly managed to cause enough of a stir to...

Are Loan Modification Attorneys More Dem…

In the midst of the ongoing financial crisis, homeowners are looking for any way to ease their burdens, and the government has implemented several programs to help...

Chase Bank Breaks into Homeowner's Home

A couple is accusing banking giant Chase of locking them out of their home and removing their personal property before a foreclosure was finalized. Banks across...

US Banks are now More Likely to Offer Pr…

High post loan modification default rates are forcing lenders to reconsider their reluctance to grant principle reductions when they modify loans. A recent study showing that 50%...

Business Feed

Business Feed from the newsroom

Fed stiffens restrictions on mortgage le…

New rules, aimed mostly at subprime loans, prohibit shady promotional practices and lending to home purchasers who lack the ability to repay. WASHINGTON -- The nation's central bank...

Loan Modification Tips

It is not impossible to get a home loan modification.  Many people struggle with even thinking about a loan modification.  Either they feel a home loan modification is too difficult...

Principal Reduction with a Bankruptcy At…

In California many homeowners are stuck in upside down mortgages and want to know how to get a principal reduction with a bankruptcy attorney if they have a...

Bailing out the economy

Bailing out the economy

Why Mortgage Loan Modifications Are Incr…

People find themselves in need of mortgage loan modification for a variety of reasons.  For example, recent statistics show that the average family income has decreased over...

Upfront Premium Refund

Are you entitled to an upfront premium refund?  FHA rules about premium refunds have changed a lot in the past ten years, but here at the Loan Modification...

FHA Raises Its Premiums to Insure Repaym…

The Federal Housing Administration, a U.S. agency that is rapidly shouldering more of the risk on home loans, raised the premiums it charges for insuring that mortgages will...

Mortgage News

Top Nation and US Stories

Newsletter Subscription

If you need help understanding your option of taking advantage of the home loan modification process, the help is available to you everywhere. The process is quite tricky and it is highly recommended that you do indeed seek legal advice before signing on the dotted line, in order receive the most efficient and cost-effective modification to your mortgage payment.

Where do I get Advice
There is advice all over the web on how to receive a loan modification; some of this advice is quite helpful, while some is quite dreadful. There is also the opportunity to hire a professional service that will help you go through the paperwork and work with the lender to help you get all the benefits that you deserve, due to a hardship. Loan modification is a process that must be understood completely and thoroughly. This article can actually offer you an insight on the process of loan modification and tips that will better help you as a homeowner save your home from the risk of a foreclosure.

Loan Modification Advice
First and foremost, it is important to determine if you are eligible for a loan modification. This requires writing a letter of hardship explaining to the lender what exactly the reason is for your late payments and the fact that you are unable to pay your mortgage. Doing a loan modification on your own requires more than just advice. Becoming educated about the process is more important. This is perhaps a good reason to hire a professional loan modification company to take part in the process. They will handle everything for you, while educating you in the progression. There is a fee charged for hiring these companies, but in turn your mortgage payment can be lowered quite a bit and professionals can even find things in your original loan papers that may prove that the lender may have broken the law during your original mortgage signing.

If you do choose to take the big leap of the loan modification process on your own, you must first contact the lender and they will lead you to the correct department, normally the loss mitigation department. You may not want to directly say that you are in the process foreclosure. We do not want the lender to think your situation is not worth their time before hearing you out. Always document anything relating to the loan modification process, every phone call and any other information you may receive during the process must be documented. Always discuss every option available with your lender, so that you may come up with the best alternative for you. It is true you will save money going directly through your lender and let’s face it, you are struggling already trying to make your payments, but professional assistance can help immensely.

No matter what direction you decide to take, loan modification will be what determines the amount of time you have in your home. If you are eligible you should act as soon as possible.

Login

Register

*
*
*
*
*

* Field is required