modification: Be Careful of Scams
- 03/16/09 04:24 PM
I have answered several phone calls since Obama's new "Making Home Affordable" plans that have been introduced in regards to these two programs on refinancing and modifications. One client in particular said that he received a phone call from a company that will help him with his modification for a fee, of course. Please be careful and wary of any one that calls you and says that they can help you modify your mortgage for a fee. Lenders will do this for you for FREE. It can take a while for this process to happen because lenders do not have all their … (2 comments)
modification: Modification?
- 03/04/09 06:59 AM
Mortgage Lenders Urged To Take Part In Housing PlanU.S. bank regulators want lenders to participate in the new program to support home loan modifications,_ in order to ease downward pressure on house prices and foreclosures. http://www.cnbc.com/id/29508073/ Here are links to several sites to help us understand the highlights of Obama's plan to stem foreclosures and to modify existing loans that may be in trouble. http://treasury.gov/news/index2.html http://www.financialstability.gov/ I have some concerns on whether this will truly work or not. 1. Lenders are only "encouraged" to participate. It is not mandatory. 2. Do borrowers have to be late currently or just about to be? … (0 comments)
I have answered several phone calls since Obama's new "Making Home Affordable" plans that have been introduced in regards to these two programs on refinancing and modifications. One client in particular said that he received a phone call from a company that will help him with his modification for a fee, of course.
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