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Posts tagged 'Government loan modification'
Written by: Timothy McFarlin | Publish date: March 29th, 2012
As a loan modification lawyer, many people ask me, what are the secrets to getting home loan modification or qualifying for a government loan modification program? To most people, a loan modification may seem like a mysterious process, but it can be fairly straightforward. “Secrets” or suggestions we would recommend include: good organizational skills, keep detailed notes, and be patient and persistent. Secrets to Getting Home Loan Modification 1: Good Organizational Skills As most people realize quickly, a government loan modification requires a substantial amount of documents and information to be provided to the lender. This includes forms the lender [...]
Written by: Timothy McFarlin | Publish date: December 3rd, 2010
With so many homeowners struggling to keep up with mortgage payments, federal government loan modification help through loan modification legal services have become a popular option for borrowers seeking to keep their home. Loan modification legal services is a general term sometimes used to describe the process of hiring a real estate lawyer to negotiate with your lender for more favorable mortgage loan terms including a lower interest rate, a lower payment, or recapitalization of past due payments onto the principal of the loan. The following is a brief description of the loan modification legal services process a lawyer would [...]
Written by: Timothy McFarlin | Publish date: July 14th, 2010
A government loan modification allows borrowers to apply for a loan modification with the assistance of the federal government. The words “government loan modification” have become synonymous with President Obama’s Home Affordable Modification Program, or HAMP. For the residential loan borrower facing foreclosure, a government loan modification holds many benefits. Before continuing, it is important to remember that government loan modification assistance is only available for residential loans. There is currently no program sponsored by the federal government that is meant to offer loan modification assistance to individuals who hold commercial business loans. The assistance provided by the federal government [...]
