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Tag Archives: loan mod

Loan Modification and Short Sale Dual Tracking

Many families and individuals who are dealing with an upside down mortgaged home and an unaffordable mortgage payment have sought relief via loan modification. Unfortunately, there are major financial institutions that continue to entertain the possibility of a loan modification while they also simultaneously pursue a foreclosure through a foreclosure sale or auction. It is Continue Reading

Still Think Loan Modification Might Be Your Next Move?

Loan Modifications have been in our local real estate language for several years now. Programs under HAMP or Home Affordable Modification Program have many different programs that are supposedly available to homeowners like HARP or Home Affordable Refinance Program or HARP 2.0. The end-date for HARP according to the Making Home Affordable website is December Continue Reading

Foreclosure During Loan Modification Process

Are you in the midst of a loan modification program evaluation? Has your mortgage bank told you that your loan modification is being processed and there is no potential date of conclusion, but your file is looking really good? 6 months later, you still don’t have a confirmation of your loan mod and now they Continue Reading

The Problem With Government Loan Modification Programs

Here is the list of current home loan modification programs available to consumers who are trying to keep their home: Home Affordable Modification Program SM (HAMPSM) Principal Reduction Alternative SM (PRA) Second Lien Modification Program (2MP) FHA Home Affordable Modification Program (FHA-HAMP) USDA’s Special Loan Servicing Veteran’s Affairs Home Affordable Modification (VA-HAMP) Home Affordable Foreclosure Continue Reading