The idea of foreclosure is something that no loan borrower ever wants to face.  When a loan is foreclosed on, the property that was purchased with the loan is surrendered back to the lender, with which they can sell to attempt to make up part, if not all, of their losses.  Real estate loans are read more »

The Obama loan modification plan has become one of the staples of President Obama’s time in office.  The plan is known by many names, but the intent remains the same: to help struggling borrowers avoid foreclosure and stay in their homes or find more affordable housing. The Obama loan modification plan, officially called the Home read more »

Commercial property owners seeking a Wachovia loan modification may notice that the process isn’t as easy as it should be.  Since the federal government offers no loan modification programs aimed at commercial real estate, commercial real estate owners have only one option to seek a modification, go directly through their lender and hope to get read more »

The Small Business Administration (SBA) is the arm of the federal government that seeks to promote entrepreneurship in America by acting as a guarantor for small business loans.  This means that the SBA does not actually issue or fund any loans to small business owners, rather, they guarantee to lenders that the SBA will cover read more »

The Bank of America loan modification department has managed to become the armpit of the mega lender since the fall of the mortgage industry in 2007.  With more and more borrowers seeking assistance in the form of loan modifications from their lender, the Bank of America loan modification department has managed to stall the process, read more »

When a borrower finds out they have been denied for a loan modification, the news can be crushing.  When they find out that the cause of their denial was due largely in part to the actions of scammers, the news can be terrifying.  Not only has a borrower wasted their hard earned money on a read more »