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. Continue Reading »
If you are worried that you are so behind on your mortgage that you’ll never be able to paydown your debt, you may want to walk away from your home and allow the home to go into foreclosure. Continue Reading »
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. Continue Reading »
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. Continue Reading »
More and more Florida homeowners are faced with the obstacle of rising mortgage rates, and adjustable rate mortgages that have spiraled out of control resulting in over 1.2 million Floridians at risk of foreclosure. Continue Reading »
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. Continue Reading »
