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mortgage loan modifications: Most Loan Modifications ‘Designed” To Fail - 01/05/09 06:07 PM
"Unqualified" homeowners are being offered mortgage loan modifications by their bank or mortgage lender that are ultimately designed to fail, in a slight of hand effort to offer token assistance to consumers who should never have received mortgage loans in the first place.
The mortgage industry estimates that over 60% of mortgage loans modified are likely to become delinquent less than 12 months after the loan modification is made.  Given the fact that many of the mortgage loans modified today do very little to help homeowners in the first place, it is not a wonder why so many ‘modified' mortgage loans … (1 comments)

mortgage loan modifications: Most Loan Modifications ‘Designed” To Fail - 01/05/09 06:04 PM
"Unqualified" homeowners are being offered mortgage loan modifications by their bank or mortgage lender that are ultimately designed to fail, in a slight of hand effort to offer token assistance to consumers who should never have received mortgage loans in the first place.
The mortgage industry estimates that over 60% of mortgage loans modified are likely to become delinquent less than 12 months after the loan modification is made.  Given the fact that many of the mortgage loans modified today do very little to help homeowners in the first place, it is not a wonder why so many ‘modified' mortgage loans … (0 comments)

mortgage loan modifications: Certain Loan Mods Are ‘Designed” To Fail - 01/03/09 06:01 PM
"Unqualified" homeowners are being offered mortgage loan modifications by their bank or mortgage lender that are ultimately designed to fail, in a slight of hand effort to offer token assistance to consumers who should never have received mortgage loans in the first place.
Although many ‘qualified' consumers are receiving favorably modified mortgage loan terms due in large part to sufficient monthly income and low debt to income ratios, many homeowners who have lost significant household income since first receiving their mortgage loan are being locked out of the loan modification process.  Even the government sponsored mortgage loan bailout programs are disqualifying … (0 comments)

mortgage loan modifications: Certain Loan Mods Are ‘Designed” To Fail - 01/03/09 05:58 PM
 
"Unqualified" homeowners are being offered mortgage loan modifications by their bank or mortgage lender that are ultimately designed to fail, in a slight of hand effort to offer token assistance to consumers who should never have received mortgage loans in the first place.
Although many ‘qualified' consumers are receiving favorably modified mortgage loan terms due in large part to sufficient monthly income and low debt to income ratios, many homeowners who have lost significant household income since first receiving their mortgage loan are being locked out of the loan modification process.  Even the government sponsored mortgage loan bailout programs are … (0 comments)

mortgage loan modifications: Certain Loan Modifications Are ‘Designed” To Fail - 01/03/09 01:59 PM
“Unqualified” homeowners are being offered mortgage loan modifications by their bank or mortgage lender that are ultimately designed to fail, in a slight of hand effort to offer token assistance to consumers who should never have received mortgage loans in the first place.
Although many ‘qualified’ consumers are receiving favorably modified mortgage loan terms due in large part to sufficient monthly income and low debt to income ratios, many homeowners who have lost significant household income since first receiving their mortgage loan are being locked out of the loan modification process.  Even the government sponsored mortgage loan bailout programs are … (0 comments)

 
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Mike Sikorski MBA GRI CRS

Port Charlotte, FL

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Realty One Group

Address: 1777 Tamiami Trail Suite 303-B, Port Charlotte, Fl., 33948

Office Phone: (941) 206-6000

Cell Phone: (941) 875-1203

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