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loss mitigation: Relief for Struggling Homeowners: A New Take on Loan Modification - 09/02/08 01:39 PM
If you’re struggling with the monthly payments on your mortgage in these difficult times or know someone who is, read on!
January Financial has evaluated a few different services and has partnered with one that we feel very good about. It comes highly recommended from a long-time trusted advisor and offers services that we haven't seen out there so far.
What is loan modification?
Loan modification is when a lender agrees to change (modify) the terms on a mortgage. For example, let's say I'm currently paying 6.5% on a 5-year fixed loan but I can't afford those payments. The bank may … (5 comments)

loss mitigation: Loan modification vs. loss mitigation - 08/31/08 01:04 PM
Although our company has been handling loan modifications for the last few months for our client family through an attorney we've partnered with, I recently decided to switch to another attorney in large part based on the approach he takes. Instead of just doing loan modifications, they practice loss mitigation. Here's the difference:
Loan modification - when a lender agrees to change (modify) the terms on a mortgage. For example, let's say I'm currently paying 6.5% on a 5-year fixed loan but I can't afford those payments. The bank may agree to lower the rate to 3% for the next 5 … (0 comments)

 

Carey Pott

Foothill Ranch, CA

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January Financial

Address: 28 Rue Fontaine, Foothill Ranch, CA, 92610

Office Phone: (949) 305-6355

Cell Phone: (714) 306-4969

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