Tag Archives: mortgage modification
HAMP Gets an Extension
The federal government established the Home Affordable Modification Program to ease restrictions on extending credit to help American homeowners who were struggling with debt in the failing economy. The HAMP Program’s sole purpose was to offer home loan modifications to homeowners to avoid foreclosure. When the program was introduced in 2009, approximately 12 million homeowners […]
Can a Mortgage Modification Help You?
Mortgage foreclosure defense is a way to avoid foreclosure and keep your home if you can no longer make your mortgage payments. It consists of changing the terms of your original mortgage to better suit your current financial situation. The process consists of sitting down with your bank or other mortgage lender and agreeing to […]
Obama’s HARP Re-vamp – Some Homeowners Still Out of Luck
In October 2011, the Obama administration announced additional steps to try and help people lower their mortgage payments by allowing more of them to refinance—even if they owe more than their property is worth. The White House is taking these steps because of today’s financial climate, where many people are in debt and unable to […]
Mortgage Modification – Do You Qualify?
Are you having trouble making the payments on your mortgage? Are you fearful of losing your home? Before throwing up your hands and declaring bankruptcy, you may want to look into something called mortgage foreclosure defense. Mortgage foreclosure defense is not the same as a refinance. With a mortgage refinance, you are looking for an […]
How Mortgage Modification Can Help Save Your Home
Nothing is more frightening than the thought of losing your home because you can no longer afford the payments. Dozens of worst-case scenarios might run through your head—watching the bank foreclose on your home, running out of money, having no place to go, or even having to file for bankruptcy. Before resigning yourself to foreclosure […]
