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loan modification hell: Loan Modification Nightmare - 06/14/11 03:41 PM
The banks have made loan modifications very difficult. Sherry Belcher of ReMax Golden Empire Realty in Southern California reported in this months's NAR Realtor's magazine: "I've worked in the loan servicing business for 18 years, and real estate is my passion. The way I see it, most people are forced to do a short sale simply because the banks won't modify their existing loan. I've have seen several instances in which struggling borrowers try to work with the banks, only to learn that the banks won't even consider a loan modification request until the mortgage is three months behind. Crazy! Why, … (0 comments)

loan modification hell: Loan Modification Hell, the Big Banks are killing the Housing Recovery! - 01/24/11 12:10 PM
The critical consensus is that the Banks continue to hold onto the TARP money, and any real efforts to modify loans has been dismal at best, and hence the slow recovery in the housing market.  Without serious pressure from Washington, and the Media, nothing looks like it's going to change anytime soon. Why? Bank of America Shamed into making Loan Modification Bank of America Sued Again Over Loan Modifications Are You in Loan Modification Hell? Join the Club! … (4 comments)

 
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Mark Lomas

Santa Barbara, CA

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Santa Barbara Real Estate

Address: Rincon Vista Road, Santa Barbara, CA, 93103

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