Real estate blog entries tagged with loan modification by Pederson Properties, Inc. (HK Lane La Quinta & Prudential Maui Realtors)

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Home : Blogs : Pederson Properties, Inc. : PPI Blogs : Tag "loan modification"

loan modification: Foreclosure should be a LAST RESORT : Bail Out Option(s) - 01/22/09 08:59 PM

If it wasn't obvious already, we're finding out more and more through conversation with consumers how little they know about their options regarding their distressed home. Let us remind everyone, that Section 1403 of the new housing bill that was signed into law on July 30th, 2008(HR 3221 - effective immediately) requires mortgage servicers to modify loans for homeowners and help them avoid foreclosure as long as three requirements are met:
Default on the mortgage either has already happened or is "reasonably foreseeable" The home owner is living in the property as his or her primary residence The lender is likely to recover more … (4 comments)

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Pederson Properties, Inc.

La Quinta, CA

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HK Lane La Quinta & Prudential Maui Realtors

Address: 78-100 Main Street Suite 108, La Quinta, CA, 92253

Office Phone: (760) 834-7500 x 4900

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