Real estate blog entries tagged with negative factors interfering with loan modification requests by Illinois Financial Advisor Greg Zaccagni (Farmers Insurance)

Channels
Consumer
Professional
States
USA
- AL
- AK
- AZ
- AR
- CA
- CO
- CT
- DE
- DC
- FL
- GA
- HI
- ID
- IL
- IN
- IA
- KS
- KY
- LA
- ME
- MD
- MA
- MI
- MN
- MS
- MO
- MT
- NE
- NV
- NH
- NJ
- NM
- NY
- NC
- ND
- OH
- OK
- OR
- PA
- RI
- SC
- SD
- TN
- TX
- VI
- UT
- VT
- VA
- WA
- WV
- WI
- WY
Canada
- AB
- BC
- MB
- NB
- NL
- NT
- NS
- NU
- ON
- PE
- QC
- SK
- YN

Home : Blogs : Illinois Financial Advisor Greg Zaccagni : Greg 's Blog : Tag "negative factors interfering with loan modification requests"

negative factors interfering with loan modification requests: What makes obtaining loan modifications more difficult? - 10/31/08 09:41 PM

Here are some of the main items likely to interfere with a loan modification request:
Sole hardship being too much debt Having lots of assets including 401k's & IRA's Low debt to income ratio - too much income vs. debt Ownership of multiple properties Sole hardship being mortgage more than property is worth More money being deposited than what is claimed as income Having had a modification within the past year History of missed payment not related to current situation Having the current loan for less than 1 year Note: you must show the ability to meet your obligations after the modification is approved. … (0 comments)

Related Links:

Illinois Financial Advisor Greg Zaccagni

Wheaton, IL

More about me…

Farmers Insurance

Address: Dupage, Kane, Cook County etc.., Wheaton, IL, 60189

Cell Phone: (630) 853-8555

Email Me

Mortgage Rates, Programs & Trends

Links

Archives

Find IL real estate agents and Wheaton real estate on ActiveRain.

Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.