When the first stages of discussions and talks got underway on Obama’s loan modification program, many people responded with good cheer and a healthy dose of curiosity. Many politicians were uncomfortable in their division of their stance against, and with Obama’s loan modification plan, that would provide incentives for lenders to help homeowners keep or [...]
Continue reading...Monday, November 9, 2009
A new report from Harvard’s Joint Center for Housing Studies indicates that if there is to be any stabilization in the housing market, it will be at “…extremely low levels that will make the climb up all that more difficult.” Muting any of the recent news in the steadiness of new construction and sales are [...]
Continue reading...Sunday, November 8, 2009
The first loan modification that I did was for myself in 2007 and I have been assisting homeowners ever since with this sometimes frustrating process. You absolutely can successfully get a loan modification on your own and anyone who tells you differently has an eye on your wallet. That said, it will be very frustrating, [...]
Continue reading...Sunday, November 8, 2009
There is a lot hand wringing and anxiety in the media these days regarding paying fees for loan modifications. Barack Obama was even quoted as saying, “If you have to pay, walk away”. Generally speaking, the “do it yourself and save a lot of money theory” is advanced with regularity as something anyone can do. [...]
Continue reading...Sunday, November 8, 2009
If there were any pessimists in the real estate markets, they are being proven wrong. As the prices continued to mount on in the recent years, these pessimists forecasted an explosion and tumbling of the industry. They were about to recount the big margin losses of the sector in 1980s and 1990s. But as the [...]
Continue reading...Sunday, November 8, 2009
Feldman Law Center – News by Feldman Law Center – “It’s a jungle out there, kiddies…” ? Jimmy BuffetJimmy Buffet wasn’t talking about the home loan modification process, but he could have been. For home owners attempting to pick their way through a loan modification on their own, the experience is not much different than [...]
Continue reading...Saturday, November 7, 2009
Very often, when someone contacts a loan modification attorney they really do not understand how the foreclosure process works or how to stop it. People who do not understand foreclosure proceedings are often scared, timid and unwilling to do what it takes to stay in their homes. Many think that if they just ignore their [...]
Continue reading...Thursday, November 5, 2009
A retiring Chicago city employee had her home loan with CitiMortgage modified to 2 percent on a 40 year amortization and granted a two month payment holiday to rebuild reserves. Her husband has social security and a small pension but She was facing a large drop in pay as her retirement date of June 30, [...]
Continue reading...Wednesday, November 4, 2009
The current economic situation has, for the most part, been fairly negative. Countless families are losing their homes to foreclosure, and many people are falling even deeper into debt. That being said, what can you do to help prevent a potentially volatile personal economic situation? When dealing with increasing bills, there are many different things [...]
Continue reading...Tuesday, November 3, 2009
Q) Is unemployment considered a hardship?
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Monday, November 9, 2009
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