Bad Credit Mortgage|Loan Modification|Avoid Foreclosure

I don’t really understand the question, but call your lender and ask for the modification or retention department. If you’re current on your mortgage the Making Homes Affordable program may work for you, and again you would contact your current lender.

Is there a way to determine if I qualify for the home loan modification? You need to call your lender to find out. It is not an easy question ot answer, with lots of varitables, many of which you likely do not even know.

It depends on your specific situation. Re-fi is a great way to get some extra money from the equity you have in your home, equity being the key component. Unfortunately many are upside down in their mortgages, with the huge decline in home/property values, so ineligible for a Re-fi, but because of the predatory lending [...]

For example, they gave me a three month payment trial. The payment is excellent compared to what I pay now but the document states that I must pay that to the "Servicer". "On or before each of the following due dates. I will pay the Servicer the amount set fourth below…". Does this mean, like [...]

I am just doing some research if anyone has had any luck with this also do you thing eventually all folks with sub prime loans will be modified without reason. note: all advertisements will be reported. Don’t need a mod. I bought a house that I can actually afford, got a 30 year FIXED loan,did [...]

I just called and was told that I was approved for my home modification loan. What now? It was with a negotiator – does it now go to the underwriter? or will I get paperwork to sign for my new loan? thank you! This is not a new old, it is an altering of your [...]

I have spoke to several different "professionals" some have told me that they can lower the balance and the interest rate. Then I talk to my mortgage lender and they tell me they will not adjust the balance only the interest rate. Please help me w/ any information, Thanks!!! The above contributors have pointed out [...]

I need assistance in the state of CA, the ones that advertise on the radio have lawsuits against them and too many complaints from their clients. Does anyone know of someone who can help me and if by law I can only pay them at the end then I will pay them at the end [...]

You contact your mortgage company for the info, to send you a packet. It will show as partial payments, so your credit score will be affected.

I am doing a loan modification on my house. I am current on all debt payments (credit cards, car loans, car insurance, etc.) except for the mortage payment (includes home insurance and property taxes). will it benefit my loan modification review if I do a bankruptcy (thereby eliminating my credit debt, etc)? I am aware [...]