home loan modification washington: HOME LOAN MODIFICATION WASHINGTON - 08/12/09 07:01 AM
HOME LOAN MODIFICATION WASHINGTON

According to a new Deutsche Bank report, the percentage of American homeowners owing more than their homes are worth will nearly double to 48 percent of those with mortgages in 2011, an estimated 25 million homeowners.  Thousands of Washington homeowners are now in a position where the amount they owe on the mortgage exceeds their home's value, and all while house prices continue to fall.  Predicting half of all U.S. mortgages being underwater in 2011, homeowners across the country are in great need of loan modification.
It is estimated by Deutsche Bank that 14 million American … (1 comments)

home loan modification washington: LOAN MODIFICATION, WASHINGTON - 08/11/09 12:01 PM
LOAN MODIFICATION, WASHINGTON
As the Federal Trade Commission has been cracking down, lenders are now under pressure to assure a loan modification for more homeowners unable to afford their mortgage loan payments, or those now "underwater."  Will it help?  Banks and lenders have shown over these last months that they are in no hurry to assure distressed homeowners a modification. It has been estimated that nearly 5 million Americans will lose their homes over the course of the next three years, even with the government modification effort.So far the Obama Administration has rolled out its $75 billion plan in hopes of spurring … (0 comments)

home loan modification washington: WASHINGTON LOAN MODIFICATION - 08/11/09 11:14 AM
WASHINGTON LOAN MODIFICATION
With a loan modification, a Washington homeowner can permanently change one or more of the terms on the mortgage, making the monthly payments more affordable. Modifications of the loan can include lowering the interest rate, extending the term of the loan, or by adding missed payments to the loan balance.  With a successful modify, homeowners are able to save their homes, while obtaining an affordable monthly payment that allows them to stay in the home. Loan modification is a complex process involving persistent communication to the lender and skilled negotiation. Great attention must be paid to detail throughout … (0 comments)

home loan modification washington: Mortgage Modification Help Washington - 07/08/09 07:48 AM
MORTGAGE MODIFICATION HELP WASHINGTON

Most Washington homeowners are currently surfing through their options during the mounting mortgage crisis and current economic troubles. Amidst the fears and uncertainties, homeowners are most frequently going to come across the possibility of a home loan modification. A mortgage modification program allows a borrower’s home loan to be adjusted to new binding terms, and commonly include:
Lowered interest rates; Reduced principle balance; Swapping adjustable rates to lower fixed-rates; Altering the term of the loan; Forgiveness of payment defaults and fees; Or a combination of these.  The government has allocated $75 billion to subsidize some payment … (0 comments)

home loan modification washington: Loan Modification Services, Washington - 07/08/09 06:18 AM
LOAN MODIFICATION SERVICES, WASHINGTON

Loan modification services are springing up around America with the rising boom in foreclosures and the growing necessity for mortgage mitigation. According to a recent report from the Center for American Progress, mortgage mediation services are helping Washington homeowners avoid foreclosure by forcing banks to sit down with borrowers in order to discuss all available options in order to find the most affordable solution for both parties.  During mortgage mediation banks and homeowners try to reach an agreement with non-binding results, and with nothing being forced on either party.  Loan modification also cuts out the middle … (2 comments)

home loan modification washington: Foreclosure Help Washington - 07/07/09 08:34 AM
FORECLOSURE HELP WASHINGTON

A rising number of Washington homeowners are hoping to find foreclosure help from recent government plans and regulations designed to help borrowers aqcuire a loan modification and assist the struggling housing market.  In the meantime, the trend of the plummeting housing crisis has continued.  Foreclosures continue to rise even after hundreds of billions of dollars have been provided by the Obama administration to mortgage lenders and banks fearing to go out of business due to the expanding mortgage crisis.
By creating hundreds of billions of dollars out of nothing, the currency and prices will begin to rise … (0 comments)

home loan modification washington: Avoid Foreclosure Washington - 07/07/09 08:20 AM
AVOID FORECLOSURE WASHINGTON

As the mortgage crisis spreads, hitting new heights every month, borrowers with good credit now make up the largest share of foreclosures.  With job losses and pay cuts simultaneously on the rise, a record 12 percent of homeowners were behind on their payments in the first quarter of 2009; a trend in which is predicted to continue well into the coming years. In the exploding housing crisis, millions of borrowers across Washington are now struggling to get a loan modification in hopes to avoid foreclosure.
Much of the blame for the current recession can be placed upon … (0 comments)

home loan modification washington: Loan Modification Help, Washington - 07/02/09 12:47 PM
LOAN MODIFICATION HELP, WASHINGTON

Loan modification is now the greatest hope for distressed Washington homeowners, as refinancing seem no longer beneficial. With an increasing amount of borrowers now "underwater," owing more than their home is worth in the competitive market of foreclosed homes, refinancing and other options once available to customers are no longer a financial benefit for most.
With foreclosures through the roof, housing prices crashing, and interest rates rising, any homeowner that is currently late on their monthly house payments, or about to be late, now must decide between saving and losing their home.  Those faced with foreclosure … (1 comments)

home loan modification washington: Free Loan Modification Companies - 06/18/09 08:00 PM
FREE LOAN MODIFICATION COMPANIES, WASHINGTON
 
Many Washington homeowners have now heard about the free loan modification services being offered to borrowers thanks to President Obama's new loan modification and housing market plan.   A large number of certified "non"-profit organizations have been licensed and given incentive by the government to help the American public modify their home loan. 
Even though lenders and borrowers tend to mutually benefit from a home loan modification, dealing with those lenders is frequently difficult if not impossible for homeowners attempting loan modification alone.  Due to the massive volume of borrowers requesting help from "non-profit" loan … (0 comments)

home loan modification washington: Home Loan Modification Washington - 06/18/09 06:07 PM
HOME LOAN MODIFICATION IN WASHINGTON

Home Loan modification is currently the fastest growing business in Washington and America.  With the popularity of home loan modification, short sales, and streamlined refinancing growing, loan officers, real estate agents, and short sale professionals around Washington are all looking to take advantage of the mushrooming business of home loan modification and foreclosure prevention.  
In this mounting market, littered with unscrupulous loan modification companies, informed homeowners working with well-established servicers will find themselves in a far better position.  Finding a reliable source for information is a necessity to achieving your end goal, while avoiding unnecessary expenses during … (0 comments)

 
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