Category Archives: Loan Modification
How To Finance A House So Small That It Doesn’t Qualify For A Mortgage
Home ownership remains the mark of financial stability, and for everyone except the wealthiest people, the only way to buy a house is by taking out a mortgage loan. Of course, mortgage loans come with their own mountain of stress. People spend years trying to get their finances in order so that they can… Read More »
When Your Mortgage Forbearance Is Ending, But You’re Still Broke
Many of the solutions that the federal government and private businesses offered to financially distressed consumers during the COVID-19 pandemic were meant to be short-term, but the pandemic has proven to be anything but that. Even though some programs ended up getting extended or renewed, the temporary generosity of the private and public sectors… Read More »
Will your lender truly help you with your loan modification?
The threat of foreclosure is unsettling. Unfortunately, if your family has fallen on hard times, it can be difficult to meet your monthly obligations. You are not alone. Over 63,000 Florida homes were repossessed by the banks in 2016. This was the highest number of repossessions in the nation. In an attempt to save… Read More »
Don’t get scammed by a phony loan modification provider
People who are facing foreclosure will do almost anything to save their homes. Sadly, there are numerous companies that prey on distressed homeowners and happily to take their money under the guise of helping them resolve their mortgage problems. It is important for you to understand that a vast majority of these companies have… Read More »
What if I am underwater on my mortgage? Shouldn’t I just walk away?
While the values of many Florida homes have recovered since the real estate crash, several homeowners still find themselves in a situation where they owe more on the mortgage than the property is worth. As recently as a few years ago, many homeowners simply walked away and allowed the bank to foreclose; a practice… Read More »
Is a loan modification right for me?
Loan modification is becoming an increasingly popular method of saving a home from foreclosure. This is especially true in Florida, where state law now requires lenders to rework loans with terms that are more manageable for the homeowners who are at risk of foreclosure. Nevertheless, lenders are in the business of making money, and… Read More »