Stop Foreclosure Video By Freddie Mac Freddie Mac has produced a brief video titled "Stop Foreclosure: Documents Your Lender Needs To Help You" via YouTube. This video is targeted toward people right here in Arizona who are wondering what documents their lender needs in order to get a loan modification done. No doubt, lenders are busy with calls about loan modifications and this video will help … [Read more...]
Loan Modification Resources: What The Lenders Are Saying
We still speak with many people each week about loan modification - and although the Obama loan modification program is helping standardize things, there is still variance from lender to lender. The first step of any loan modification attempt is to contact your lender or a HUD certified housing counselor who can help you with the process. Here is some more information about what the largest … [Read more...]
Arizona Loan Modification: National Regulatory Crackdown and California Loan Modification Ethics Alert Issued
It looks like the regulators are finally catching up to the loan modification industry. Within the last year or so, many different loan modification companies have sprung up with or without effective regulation. Apparently, this has not gone un-noticed. The Obama administration is going to lead the charge to crack down on loan modification companies and foreclosure prevention programs that are … [Read more...]
Arizona Loan Modification: Is Your Mortgage Owned By Fannie Mae or Freddie Mac?
With the recent announcement of the "Obama loan modification" plan that may be able to help many people who are looking for an Arizona loan modification - one of the first questions people often ask me is "how do I know if my loan is owned by Fannie Mae or Freddie Mac"? Now there is an easy way to tell. Here are two links where you can find out if your loan is owned by Fannie Mae or Freddie … [Read more...]
Loan Modification: Words From A California Loan Modification Attorney
From time to time, I will get a comment from someone on a post that I think is worth "re-posting" in a larger arena. Today, we got a comment on our post "Arizona Loan Modification Scams" that I thought was worth a re-post: Words from a Very Outspoken and Opinionated California Litigation Attorney (like there’s any other kind) Here in California, our Department of Real Estate website (dub dub … [Read more...]
Making Home Affordable Plan
Earlier today, the details were released about the "Making Home Affordable" plan outlined by the Obama administration. When this plan was first announced by President Obama here in Mesa a few weeks ago, my first reaction was "let's wait for the details". My reaction now the "details have been released"? I don't know. Really. I really don't have an opinion on whether or not the plan … [Read more...]
Arizona Loan Modifications: Reader Shares Relevant Loan Modification Information
One of the great things about a blog is that from time to time, someone stops by and leaves a comment that can hopefully help others by sharing relevant information. Here is a recent comment from Greg who is with http://loansettlementcenter.com. Here is the exact comment he made on our post titled "Are Loan Modifications Real?": Check our site for actual modified loans. The trick is how … [Read more...]
Arizona Mortgage Loan Modification Scams
Are there really Arizona mortgage loan modification scams happening? Uh... yep. I was in touch with someone yesterday who had just paid $5,000 up front to a loan modification company and he called me asking me if I thought that he had done the right thing. He may have been somewhat surprised when I told him "don't take this the wrong way, but I have never heard of the loan modification … [Read more...]
The Homeowner Affordability and Stability Plan
Yesterday President Obama announced his Homeowner Affordability and Stability plan and people are saying it could help 7-9 million homeowners. That is quite a few families! There are many numbers being thrown around when talking about this plan, but the real magic number of the Homeowner Affordability and Stability plan is one. One as in the number 1. You. Will this plan help You? The … [Read more...]