principal reduction: Citimortgage Loan Modification with Principal Reduction - 10/19/09 10:43 AM
Are you getting frustrated and confused trying to get a Citimortgage loan modification?  Well, don't give up-here is some good news and assurance that help is available and being offered to qualified homeowners.  Citimortgage just approved a loan modification that featured a 3% rate for 40 years and also forgave over $100,000 in principal!  How did this California homeowner get this help?  Read more about his story.
Finally, a story with a happy ending for one California homeowner who was successful with his Citimortgage do it yourself loan modification.  It is good to hear of a borrower who was able to … (2 comments)

principal reduction: Chase Loan Modification with Principal Reduction-Why Homeowners Qualify - 08/07/09 08:13 AM
Chase is approved by the Treasury Department to offer the Home Affordable Modification Plan.  One provision of this federally subsidized program allows for part of a loan's principal balance to be forgiven.  A Chase loan modification that features a reduction in the principal balance is offered to some homeowners-but who qualifies for this very important feature and why?  The $75 billion dollars set aside to help homeowners find loan workout solutions serves to encourage Countrywide and other banks to offer very aggressive options.  Homeowners who are struggling with unaffordable mortgage payments and now owe more than their home is worth need … (13 comments)