All Posts Tagged With: "Lawyers"

post thumbnail

Why Aren’t Lenders Doing More Loan Modifications?

Daily, in the newspapers, radio, television and the internet, articles are written about the difficulty that borrowers face in getting loan modifications. At the same time, the Federal Government and the Obama Administration announce new programs to assist homeowners in getting loan modifications. These programs are going to solve the problems that homeowners have, and are going to save their homes. Yet, closer inspection of the program’s details raises. Next, states like California decide to try and pass legislation to prevent homeowners from paying money upfront to loan modification companies and attorneys for assistance in dealing with the Lenders and Servicers. Then, the President even declares that homeowners should not pay for loan modifications and that their lenders and servicers are doing the modifications for free.
Who does a homeowner believe? What is the real truth? This article will attempt to shed some light on the issues. I will focus primarily upon loans that have been securitized.

26Aug2009 | | 9 comments | Continued

IAFF offers a free monthly newsletter with:
1. The latest government updates about programs
2. New tips to help sell your house quickly
3. Ways to help you fix your situation

Enter your email address:

Delivered by FeedBurner


Close | Or, if you'd like to sell your house fast, we can help with that as well.