Bad Credit Mortgage|Loan Modification|Avoid Foreclosure

In 2009 I sent $3,500 to a loan modification company that was suppose to get my home loan modified. Unfortunately for me the company stole my money, went out of business and I never got my home loan modified. Can I write off the money used to modify my loan? If so, where would it [...]

Our house is going in to foreclosure and we are trying to get a loan modification. My husband found out he is likely to lose his job next month. Will this affect getting a loan modification? It could but if you have prospects of future employment it may not affect you.

I will be applying for a wells fargo loan modification. I switched jobs about a year ago and make significantly less than when I purchased the home. Currently my monthly mortgage payment is much more than 31% of my gross income. Will I be denied because my house is listed for sale. The house is [...]

What if your economic situation change and you decided to short sale a house after a loan modification has been approved. Is it still possible? Usually not, but you can ask your lender. A short sale is to avoid a foreclosure, but they already helped you with that, by modifying your loan.

What does a DTI ratio have to be when applying for a Loan Modification? I am doing a report on loan modifications. It appears that everyone and their mother is now an expert on loan mod’s. Does anyone know the exact DTI ratio the banks look for when applying for a loan mod? As of [...]

My husband and I are asking my dad to co-sign for a mortgage, mainly to increase the amount we can get. My father is concerned about being responsible for the duration of the loan given his age (75) and if anything were to happen, his wife would then be responsible. Can we have him co-sign, [...]

Does anyone knew how could I qualify for a loan modification and what are the requirements needed? The loan modification is only for mortgage loans, not student loans (just wanted to clarify since you’re asking in the financial aid section). A loan modification is completely up to your lender – they are not required to [...]

How do I submit an accurate, acceptable and complete application to my bank for review and consideration of loan modification? first of all contact some mortgage lender and get advise about how to apply for loan modification. OR you can try some online mortgage lender where u just fill the form and then they will [...]

I just lost my job of 5 years and have a mortgage loan of which I am sure I will not be able to pay soon. I am thinking of seeking the help of a mortgage loan modification company. Would like to know the benefits since I think I can do this thing by myself. [...]

Just curious what a few people paid for their loan modification and what kind of a deal you got. I want to make sure that this isn’t just the next wave of shady mortgage lenders. Sally, I disagree. Yes you can do it yourself, but you can also have a professional lawyer do it too. [...]