loan modification: Loan Modification Negotiations - 08/21/08 01:22 PM
Loan Modification Negotiations When negotiating with your mortgage company/servicer on a loan modification or loan workout to prevent foreclosure, be honest about your financial situation so the negotiator or third party can find the best solution for you and your family. You will be asked to supply documentation proving the stated facts to be true. After calling and advising your servicer of your hardship, you will need to continue to call, fax and email in an effort not to get lost in their loss mitigation department. The mortgage company/servicer will want to see specific documentation and you need to be very
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loan modification: Facing Foreclosure? Are you a Victim of Predatory Lending? - 07/31/08 04:34 PM
Are You Facing Foreclosure? You may need a loan modification, loan workout, or be a candidate for foreclosure help or mediation. Are you having trouble making payments on your home mortgage? Is your property worth far less than what you owe? Millions of other Americans are facing the same dilemma - foreclosures are hitting record numbers. But if you address the problem, you may be able to avoid foreclosure. Even if you can't save your home, you can take steps to minimize your debt and the damage to your credit score. But don't wait. The key to success is acting quickly.
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