Real estate blog entries tagged with modification washington by Mortgage Modification Masters (Mortgage Loan Center, LLC)

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Home : Blogs : Mortgage Modification Masters : Mortgage Modification Masters's Blog : Tag "modification washington"

modification washington: HOME LOAN MODIFICATION WASHINGTON - 08/19/09 01:32 AM

Thousands of homeowners in Washington are now exploring all of the options available to them in order to save their homes from foreclosure or from going "underwater." With rising interest rates and plummeting housing prices, refinancing is no longer a valuable option, and coincidentaly loan modification has become the last chance for most borrowers to save their house and assure an affordable mortgage.
According to recent reports, half of American homes will be "underwater" in 2011, the owners owing more than the homes will be worth. Faced with increasing adjustable interest rates, upside-down loan-to-value, defaults and foreclosure, homeowners are unable … (4 comments)

modification washington: LOAN MODIFICATION WASHINGTON - 08/19/09 01:03 AM

Washington homeowners facing hardships such as divorce, medical bills, or unemployment, as well as those placed in "toxic" mortgage loans are now unable to afford their monthly mortgage payments. In order to avoid foreclosure and save their home, these borrowers must do something immediately! With a loan modification, homeowners are able to obtain an affordable monthly payment, allowing them to stay in their home.
Confirmed by Donna Dziak, manager of Seattle nonprofit Solid Ground's housing counseling and prevention programs, most of the major lenders, including those receiving billions in federal bailout money, commonly deny modifications for homeowners. Borrowers who have experienced … (10 comments)

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