With the new Government bailout program designed to help foreclosure victims, it is not available to homeowners who are not default or late on payments, and as a result will encourage solvent homeowners to go into foreclosure to be eligible for Government relief. (more…)
If you live in Florida, one of the most heavily afflicted areas of the mortgage foreclosure crisis, you are eligible to participate in the $25 billion FDIC Loan Modification Program. Their program will be servicing more than 2.2 million mortgages, but it is up to you to contact the FDIC. (more…)
The FDIC has a new program for loan modifications, and there are a number of ways to participate in the program and have your mortgage modified, thus adjusting your monthly payments and preventing foreclosures. (more…)
If you are still making your payments but want to renegotiate your mortgage and have a loan modification, you will want to take action immediately by calling your mortgage lender. (more…)
IndyMac Federal Bank, FSB (“Indymac Federal”) will implement a new program to systematically modify troubled mortgages.The program is designed to achieve affordable and sustainable mortgage payments for borrowers and increase the value of distressed mortgages by rehabilitating them into performing loans. (more…)
