How to Negotiate a Loan Modification
Written by: Timothy McFarlin | Publish date: July 21st, 2009
Getting a loan modification can help you lower your mortgage rate and secure you a better rate.
How to save your home with Obama's Foreclosure Plan 2009
Written by: Timothy McFarlin | Publish date: July 21st, 2009
Obama is offering economic relief to millions of home owners with his Foreclosure Plan as part of his economic stimulus package. The plan works on several levels.
Loan Modification Frequently Asked Questions
Written by: Timothy McFarlin | Publish date: November 25th, 2007
A Loan Mortgage Modification is a permanent change in one or more of the terms of a mortgagor’s loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford. Through Loan Modification, even the interest rate and payment amount can be negotiated and adjusted. QUESTION 1 – In utilizing the Mortgage Loan Modification option to bring a mortgage loan current, can the mortgagee include all fees and corporate advances? ANSWER – Mortgagee Letter 00-05, page 21, paragraph F, “Allowable Provisions” states: “All or a portion of the PITI arrearage (principle, interest, Taxes and Insurance) may [...]
