Homeowners in California and in a handful of other states could be injected with some much needed help from the Obama Administration. Recently President Obama announced a $1.5B program to help stop the foreclosure bleeding in some of the hardest hit states in the nation. My initial thought when I first saw the headline for this article was…more money for the banks! On the contrary, this looks more like a bailout for the borrowers. Read more…
(more…)
-
Mortgage rates vs modification rates What interest rate are you qualified for? Well, that depends on whether you are trying to refinance or get a loan modification. I've spoken to many borrowers that are pursuing a loan modification because they... -
Obama's Program: Better or Worse? The Obama Program or The Making Homes Affordable (MHA) was introduced by Obama in March 2009. Is this program making things worse? Watch this clip. What do you think? The graph below illustrates how poorly... -
Loan Modification firms don't modify loans, BANKS DO! When you do a search online or in the phone book for companies that offer loan modification service, you'll find that there is no shortage of companies and law firms offering this service. Some of... -
Take matters into your own hands! But, how do you show the bank you need a loan modification? The secret to a loan modification is how you present the modification package to your bank. If you are considering hiring a firm to help you with a loan modification or you are planning on... -
Steps to a Home Loan Modification with Bank of America Loan Modifications seem to be the last hope for a number of homeowners across America who are struggling with their mortgage payments. This is ever more clear with the rising foreclosures that is expected to...
- Homes Sarasota Look To "Obama Plan" To SAVE Homeowners Facing Foreclosure! Homes Sarasota continue hitting the market, as beleaguered Sarasota homeowners rely on "HAMP" to save their homes from foreclosure. [/caption] The Home Affordable Modification Program (HAMP) is NOT working the way politicians claimed it would...
- Wells Fargo Represented At Loan Modification Hearing (NYSE: WFC) The House Committee on Oversight and Government Reform held a hearing last week to discuss whether or not the processes used by lenders to implement HAMP and other loan modification programs are effective in helping...
- Legitimate Help for Homeowners in Trouble Look on the television, listen to the radio, or read countless print ads and you will see many promotions that advertise the various companies promising help with mortgages and foreclosures. Sadly for consumers, not all...
- Five Yoga Principles Here is a look at the five most important principles of yoga. These five yoga principles are absolutely essential to the practice of this ancient art. If you want to get the most out of...
- The Dangers of Financial Illiteracy Financial illiteracy is a growing problem throughout the world, and as the recent housing crisis has brought to light, it can have dangerous consequences. There are a few basic financial tips that everyone can use...

