Many times when I speak with someone about the "rules of loan modification", I explain that there really are no rules - that the process varies from lender to lender. With the announcement of a new "Streamlined Loan Modification Program" from the government, I suspect that the rules of loan modification will become more clear for many people. Fannie Mae has been working with FHFA and 27 … [Read more...]
Arizona Loan Modification: Who Do I Call?
"Who do I call to help me with a loan modification if you don't do them?" I get asked this question no less than 5 times each day. Usually, it is followed by a brief explanation of how I would be happy to pass on a few people that I have heard do a good job of helping borrowers stay in their homes by working with their lender... but we in no way endorse nor receive anything from these … [Read more...]
Arizona Loan Modifications: Do You Need A Lawyer?
We often talk to people who are interested in a loan modification and usually at some point, they ask the question: Do I really need to get a lawyer involved with my loan modification? My standard answer is "well, try to get your loan modified on your own with your current lender, but if they won't modify your loan and you are in a situation where you can't afford your mortgage, then it is … [Read more...]