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Articles about loan mod (0-50 of 125)

  • Qualifying For The Obama Loan Modification Plan
    By: Ray Heinson | - As our great nation is in an economic recession, the Obama administration has a plan in effect known as Making Home Affordable for loan modification for millions of homeowners. The objective of the plan is to provide assistance to homeowners mortgage and lower the amount of foreclosure notices .

    What Are the requirements for mortgage loan modification?
    It just may surprise you that the homeowner must have a Fannie Mae insured mortgage loan. If that passes the test, you ha ...

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  • Taxes On Short Sale, Loan Modification & Mortgage Foreclosure
    By: Dan Havey | - Taxes on Short Sale, Loan Modification & Mortgage Foreclosure

    Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. RealEstateMarketingThisWeek.com

    Part 5 (Excerpt)

    Mortgage Forgiveness Debt Relief Act of 2007, one exception to paying cancellation of debt income

    Welcome back to the Velocity of Money I am Michael J. Barnes Arizona's and I ...

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  • Taxes On Short Sale, Loan Modification & Mortgage Foreclosure
    By: Dan Havey | - Taxes on Short Sale, Loan Modification & Mortgage Foreclosure

    Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. RealEstateMarketingThisWeek.com

    Part 8 (Excerpt)

    If facing financial issues make sure you hire qualified help, mortgage broker, financial planner, CPA and attorney

    So with the real estate market, we know here in Arizona, th ...

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  • Taxes On Short Sale, Loan Modification & Mortgage Foreclosure
    By: Dan Havey | - Taxes on Short Sale, Loan Modification & Mortgage Foreclosure

    Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. RealEstateMarketingThisWeek.com


    Part 7 (Excerpt)

    Beware of grandiose claims when dealing with a loan modification firm.

    You know I am glad that were back, when we went to the break we were talking amongst ourselves ab ...

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  • Taxes On Short Sale, Loan Modification & Mortgage Foreclosure
    By: Dan Havey | - Taxes on Short Sale, Loan Modification & Mortgage Foreclosure

    Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. RealEstateMarketingThisWeek.com

    Part 4 (Excerpt)

    1099 C is for Cancellation of Debt Income Only, not for Interest Rate and Payment Reduction

    So for people who find themselves in a very difficult situation considering these o ...

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  • Taxes On Short Sale, Loan Modification & Mortgage Foreclosure
    By: Dan Havey | - Taxes on Short Sale, Loan Modification & Mortgage Foreclosure

    Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. RealEstateMarketingThisWeek.com

    Part 3 (Excerpt)

    Cancellation of debt income reported to the IRS on form 1099 C

    So we talked about 20 million homeowners are upside down on their mortgages, thousands of their homes are being ...

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  • Taxes On Short Sale, Loan Modification & Mortgage Foreclosure
    By: Dan Havey | - Taxes on Short Sale, Loan Modification & Mortgage Foreclosure

    Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. RealEstateMarketingThisWeek.com

    Part 6 (Excerpts)

    Arizona is not a recourse state, so chances are you will not owe 1099 C Income

    In Arizona, typically its not a recourse state, so if they are telling you that theyre going to ...

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  • Taxes On Short Sale, Loan Modification & Mortgage Foreclosure
    By: Dan Havey | - Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. Go To RealEstateMarketingThisWeek.com

    Part 1 (Excerpt)

    Expert tax advice from a CPA regarding a real estate related issues

    Today's show has a timely message. We have with us, an expert in the tax ramifications of the different types of mortgage situations that people find themselves in, we have bro ...

    Tags: , , , , , , , , , Mortgage forgiveness debt relief act, cancellation of

  • Taxes On Short Sale, Loan Modification & Mortgage Foreclosure
    By: Dan Havey | - Taxes on Short Sale, Loan Modification & Mortgage Foreclosure

    Tax on 1099C, Cancellation of Debt Income; Short Sale, Loan Modification & Foreclosure. Exception; Mortgage Forgiveness Debt Relief Act, Bankruptcy & Insolvency. RealEstateMarketingThisWeek.com

    Part 2 (Excerpt)

    A team approach is best when dealing with all issues regarding taxes, real estate and investments

    Brett, wow what an exciting four days

    Yes the last four days in ...

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  • Loan Modification Saves The Day! And Your House, As Well
    By: Bruce E. Nelson | -

    With the economy in bad shape these days, several houses go into foreclosure, several businesses go into bankruptcy and outstanding loans go into default. Rings a bell? Are you one of the thousands who are on the verge of losing your investment that took you years of paying? That's probably the house you're living in or the car you're driving. And worse of it all, you only got to paid the interest and not even the principal. Ill-fated as it seems but as with any problem, there is a ...

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  • Reduce Your Mortgage Payment With Making Home Affordable
    By: Frank Collins | - The Making Home Affordable loan modification initiative has substantially altered the many peoples lives in the USA. If you are able to modify your home loan to a much more affordable monthly payment it will help many homeowners who are in need. Otherwise, their alternative is to let it go to foreclosure. Before the modification plan it was not easy at all for homeowners who had less than stellar credit to qualify and secure a n attractive or market interest rate.

    The initiative o ...

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  • Loan Modification Leads
    By: Sam Valencia | - Loan Modification is an exploding industry, a very high percentage of homeowners are need of loan modifications, especially homeowners who are in adjustable loans, short term fixed loans, and option arm loans. These homeowners are great for contacting with your loan modification services and consultation. Many homeowners in loans such as adjustable greatly need to someone to consult them for loan modifications since many homeowners do not know the lingo, terms and various strategies/techniques w ...
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  • Loan Modification Solutions
    By: Sam Valencia | - While the economy in the united states take a dive for the worse, the service industries such as loan modification services are booming on an almost daily basis. In order to look at the exponential growth one must look at the factors which are contributing to the incredible growth of loan modification services. For one, the large foreclosure rate which is growing at an alarming rate. In addition, the high amount of defaults which are homeowners who have not paid their mortgage for a few months r ...
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  • Loan Software
    By: Mylinn Mason | -
    In this rapidly changing market of real estate and mortgage loans a way to keep track and stay
    organized is an important factor in your success in this field. Loan Software is a great way to keep track of your clients mortgage loans and stay organized in a changing market. Being organized when doing loans is vital to your success as a mortgage broker or loan officer. Loan Mod Pro is a robust advanced state of the art software which can be used to keep track of your loans and clients ...

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  • Obama Wants 500,000 Mortgage Modifications By November 1st Including In San Diego
    By: Julie Fontaine | - The Obama administration set the goal to have 500,000 or more loan modifications by November 1st of this year, including those homeowners in San Diego and Orange County, California. The current estimate is that around 200,000 loan modifications are being processed nationwide. Many of them are being processed in Southern California. San Diego has seen a surge of loan modification candidates as a result in the decline in the economy, bad loans, and the falling housing prices. Many loan modifica ...
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  • Loan Modification Leads - Exclusive Leads
    By: Sarah Anderson | - Many homeowners these days are struggling to keep their homes but less than the consultants loan modification leads that come from good sources, they will not be able to help these homeowners. Having a source that can produce these tracks allow consulting firms and brokerage capacity to help these owners try to save their homes. Find a reliable and competent will be ready to change these consultants on their way to help homeowners find solutions to their mortgage. Companies that choose the right ...
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  • What Alternate Remedies Do You Have If Obama's Loan Modification Plan Fails?
    By: Paul Chavez | - By this time, most of us have already heard about that Barack Obama has proposed and passed the Homeowner Affordability and Stability plan which is designed to help 7 to 9 million American families with loan modifications. Obama's Homeowner Affordability program is a loan modification program designed to save as many as 9 million homeowners who may be facing forelosure, and carries with it a price tag of $75 billion, claims the US Treasury Department.

    The Homeowner Affordability an ...

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  • Survive And Thrive In The Loan Modification Process
    By: Alex Blue | - Arriving at the decision to do a loan modification is rarely done at the liesure of the homeowner. It is normally done under the duress of phone calls for collections, the stress of an uncertain future, and the possibility of foreclosure. The beauty of a properly done loan modification is that the process can solve all these issues by bringing your payments back in line with what you can afford and put you back in charge of your life. Stay positive, hold your head up, and keep the end result in ...
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  • The Cream Rises In Loan Modifications
    By: Alex Blue | - In a move clearly targeting loan mod shops around the country, Sen. Charles Schumer said on June 2nd that he will amend a bill he introduced in early 2009 which initially focused on mortgage brokers doing loans and refis, to include loan modifications done by these brokers as well. Schumers bill, titled The Borrowers Protection Act, will now place restrictions on loan modification companies, mortgage brokers, and others who collect advance fees from struggling homeowners t ...
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  • Loan Modification Terminology, Dictionary Of Loan Modification
    By: Sarah Anderson | - You know what a mortgage is, how it works, and what to watch. But when you ask for help mortgage, your lender about words to do as much sense as alien jokes. That's what makes the process of loan modification of confusion for many property owners and why many of them simply give up.

    But you do not need to be a financial expert to make the right decisions. A knowledge of the loan modification and loan industry can help you better understand your situation, and know exactly what you ...

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  • Loan Modification- Keep Away From Foreclosure
    By: Sarah Anderson | - Real estate market slow down. Interest rates are dripping and the phones are ringing of the hook to Feldman Law Center. Homeowners are in panic and fear not the sale of their home and the inability to refinance adjustable rate mortgages will cause a default or foreclosure. Their only hope to adapt their existing mortgage with a mortgage loan modification. Unfortunately, mortgage service companies and lenders are overwhelmed with Foreclosures and loss of consumer confidence.

    The nu ...

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  • The Fdic's Loan-mod Plan
    By: Alex Blue | - DON'T GET YOUR HOPES UP: The FDIC's chairman, Sheila Bair, has said all year that mortgage servicers need to do more to help homeowners who have fallen behind on their monthly payments. Now that the FDIC controls IndyMac, an institution that used to be one of the country's biggest mortgage lenders, she has her chance to show other mortgage servicers how it's done.

    IndyMac specialized in Alt-A mortgages, which were designed for people who wanted to lie about their incomes so they ...

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  • Obama's Sound Byte On Loan Modifications
    By: Alex Blue | - As Wall Street is well aware, when the President starts talking about you in rhyming sound bytes its probably not going to be flattering. And while not quite at the level of Johnny Cochrans If the glove doesnt fit line, Barack Obamas made for evening news byte, If you have to pay, walk away is at least memorable, especially for those in the private loan modification business. It was his way of introducing the Homeowner Affordability and Stabil ...
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  • Loan Paper
    By: Alex Blue | - Me and My Loan Mod.

    March 01, 2009

    Peter Shu

    Orange County, California -- What is a loan modification? How long do they take? Are they guaranteed? These are the questions I intend to answer. As I am sure of it, most homeowner's are familiar with the current mortgage crisis that has struck the United States. Those very same people have families, or count on the property for rental income. Whatever the case may be, if you are unable to pay your mortgage ...

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  • Loan Mod Paper
    By: Alex Blue | - The United States needs loan modifications.

    March 01, 2009

    By: Peter Shu

    Orange County, California According to a recent Gallup Poll, over 50% of Americans feel that offering government aide(mortgage bailout) to homeowners in distress is unfair1. My fellow Americans, it seems as if in this hard time we are hard-pressed to find support from others in more fortunate situations. In fact the same source also outlined that according to America, only 6% o ...

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  • Loan Modifications By A Credit Association
    By: Aaron Huebner | - Today's economic climate is fraught with uncertainty. Nobody seems to know where we're headed. Every few months we hear that "hopefully the worst is over" or "maybe the housing market has reached its bottom." Unfortunately that hasn't happened, and economists agree on little except that the worst isn't over, and we very well may be looking at another couple years of this.

    What is our government doing to help the 'average person?' Big businesses like banks, insurance companies and ...

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  • Loan Modifications - Beware
    By: Aaron Huebner | - The economy today seems to be a subject wrought with much speculation. Where we're headed is anyone's guess. Every other day we hear that "we've seen the worst of it" or "we've hit bottom." The economists don't agree on much other than that we haven't hit bottom yet, and that it could be another year or two before we do.

    Government has done little to help the little guy. Corporate giants such as banks, insurance companies, and auto makers have all received their bailouts. ...

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  • Loan Modifications - Avoid Ripoffs
    By: Aaron Huebner | - Todays economic climate is fraught with uncertainty. Nobody seems to know where were headed. Every few months we hear that hopefully the worst is over or maybe the housing market has reached its bottom. Unfortunately that hasnt happened, and economists agree on little except that the worst isnt over, and we very well may be looking at another couple years of this.

    What is our government doing to help the 'average person?' Big businesses like banks, insuranc ...

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  • Loan Modification Using An Attorney - Why Should You Use One?
    By: Lindsy Emery | - Given the increased demand for specialized services, attorneys have begun to specialize in loan modifications. Having the necessary experience and knowledge, they highlight the importance of loan modification using an attorney. Not only do they understand the regulations regarding lending better than anyone else, but they are able to provide the best possible representation during a legal process.

    Professional attorneys deal with such requests all the time, negotiating with the len ...

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  • Federal Loan Modification Plan - Can The Government's New Plan Benefit You?
    By: Lindsy Emery | - Mortgage payments become more affordable thanks to the federal government's loan modification plan. The loan modification process combines several measures taken by the lender, including the lowering of the interest rate, an extension of the loan period (up to 40 years) and even a reduction of the original debt. One can consider a loan modification to be successful the moment he/she can afford to meet monthly payments, without suffering from any of the negative consequences foreclosure might bri ...
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  • Obama"€™s Loan Modification Housing Plan And Its Definite Advantages!
    By: Lindsy Emery | - The main proposal in Obamas loan modification housing plan is to change the terms of the loans in order to make them more affordable. Although it is not yet certain whether the plan is going to work out on the long term, the Obama administration has clearly pointed out that entering the program will help borrowers get back on track. There are many benefits indeed, starting with the fact that the eligibility requirements differ a lot from those commonly encountered in a refinancing application ...
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  • How Will Loan Modification Help Me?
    By: Ed Staff | - You've probably seen the ads in your email inbox or while surfing the Web. "Loan modification" is the latest and greatest fad with promises to save homeowners in crisis. If you're one of the thousands stuck in a distressed mortgage, struggling just to make it to the next month, then you've probably wondered if this "loan mod" fad can help you.

    Actually, loan modification is no fad. It's been around since the 1980's and came about as a method to help homeowners with troubled mortga ...

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  • Stop Foreclosure With Loan Modification
    By: darewin ocampo | - In this economy engulfed in the shadows of the global financial crisis which has made the very foundations of world economies crumble. The whole mortgage industry is now in darkness and everyone is having a hard time, especially homeowners, who are now trembling with the fear of losing their homes along with everything they have worked are for to the dreadful claws of foreclosure.


    Foreclosure is the legal and professional proceeding in which the lender obtains a court orde ...

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  • Loan Modification The Homeowner's Last Stand
    By: darewin ocampo | - The trashing of the global financial crisis has nearly incapacitated the economies of the world leaving unfortunate homeowners at the brink of losing their highly prized homes to the jaws of foreclosure.


    Foreclosure is the homeowners number one enemy as it is the accursed thing that remains unrelenting in its task of depriving the homeowner of his home. The financial meltdown and economic crash has caused drastic changes everyones way of life. People are f ...

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  • Forensic Loan Audit - Loan Modification Software
    By: Shawn Adli | - Forensic Loan Audits are fast becoming the next trend in the loan modification arena. Forensic Loan Auditing is a comprehensive and detailed way to uncover violations of various state and federal laws which can be spotted within clients loan package they received from the lender. Once trained, a professional can go through a complete loan file and locate particular violations and errors which constitute legal issues building a case for your borrower.

    Uncovering violations such as ...

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  • Loan Modification Leads - Getting The Most Out Of Your Loan Modification Lead Purchases
    By: Daniel Bernal | - Buying leads and maneuvering the lead generation and sales industry is a tough task. This is because there are thousands of lead sales companies out there. From lead generators, to call centers, to lead brokers, to list compilers, to email marketers, finding a good lead generation company can be rough.

    The Loan Modification Industry ever since booming last year has caused the lead generation industry to jump into the arena with many options available for loan mod companies to purc ...

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  • Loan Modification Basics: What You Need To Know
    By: Ed Staff | - Heard of loan modification? If you haven't, you soon will. As more and more ARM's reset to a higher rate, many homeowners are discovering that they can no longer afford their mortgage payment. Most try to keep up, but may end up falling behind. Others are at risk of losing their home to foreclosure.

    As more homeowners begin to fall behind, the more you'll be hearing about loan modification. So just what is it and why is it being propped up as the potential savior for homeowners in ...

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  • Loan Modification Process
    By: Shawn Adli | - Loan Modification is a long process in which paperwork is submitted back and forth to the lender or bank and analyzed and reviewed. Additional documents may be requested by the lender and and reviewed further. This process can take upwards of 90 days until a loan modification is achieved. To be efficient at this entire process, a loan modification representative must be attentive to each step and make sure the documents needed are in order and ready to submit to the lender.

    The fi ...

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  • Obama's Home Affordable Loan Modification Program Can Help Millions, If The Lenders Allow It
    By: Walter Sigmore | - Now more than ever, loan modification is more attainable than ever for households who can not afford their monthly mortgage payments. This is thanks to Obama's Home Affordable Loan Modification Program, which has set previously unseen easy requirements to qualify for home loan modifications.

    Obama's Home Affordable Loan Modification Program hopes to reach out to three or four million American households in need between 2009 and December 31, 2012. The $75 billion plan was written up ...

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  • Loan Modification And Mortgage Refinancing: What's The Difference?
    By: Ed Staff | - At first glance, loan modification can look very similar to a simple mortgage refinance. But the trained eye knows that the two are, at best, distant cousins. Each has a very different purpose and each is to be used under very different circumstances.

    Let's take a quick look at a refinance. This is most often done to take advantage of a lower interest rate and thereby allow you to save money on your monthly payment. You might also do this if you want to move from one type of loan ...

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  • Loan Modifications Software For Storing Loan Mods
    By: Shawn Adli | - Loan modifications today have evolved into a streamline process for lenders and banks. The initial steps of collecting paper work and submitting documentation has in essence changed the way we go about doing loan mods.

    When loan modification first began, there were many who had a hard time doing loan modifications and nearly gave up. Until the streanline began, many relied on just submitting and hoping for a loan mod to go through. Now the process has evolved into a streamline pr ...

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  • Home Loan Modification Hardship Assistance - Seeking Advice Is Easy
    By: Lindsy Emery | - Loan modifications have always been around, but with the passage of President Obamas Making Home Affordable Act they have become a lot more common and the process for modifying home loans has been efficiently streamlined. Thats why were seeing so many more loan modifications these days. If you want to look into a modification for yourself, you need to learn about your options for home loan modification hardship assistance.If you are having difficulty making your monthly mortgage payme ...
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  • Why A Loan Mod Company With Guarantee Is Better
    By: Frank Collins | - Loan modification is a word mentioned very often in recent times, also called a mortgage modification, most people have become accustomed with this word during the current economic crisis. As demand has risen to modify ones mortgage rate and terms, assistance with the mortgage modification process has increased from real estate industry professionals and lawyers who specialize in real estate law. In some circumstances, companies charge large high fees upfront simply to begin the process, prior t ...
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  • The Simple Guide To Loan Modification
    By: Kristy Mills | - There's been a lot of talk lately -- and a heck of a lot of misinformation -- floating around about something called "Loan Modification."

    It's not hard to see why.

    Thanks to a bunch of, shall we say, "crooks" in the mortgage industry (and I'm being kind), somewhere close to 50% of all homeowners in the U.S. are facing some kind of financial difficulty at the moment.

    Normally that would be bad news. But here's the real irony of this whole situation, an ...

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  • How To Get My Loan Modified - Mortgage Loan Modification Assistance
    By: Kristy Mills | - The home loan industry has changed stated income loans requirements if you don't know yet. Most lenders now want full documentation loans and borrowers qualifying by using traditional debt to income ratio calculations. This directly affects the high cost housing markets like California, Florida, and the tri-state area of New York, New Jersey, Connecticut as well as parts of Maryland, Virginia, and Massachusetts. The reason is a lot of homeowners in these markets used adjustable rate mortgages an ...
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  • Loan Modification: The Silver Lining To The Economic Crisis
    By: Harry J. Andersohn | - I have to admit that even I'll concede that there aren't many things that are good about the financial crisis that were in right now. However, and this is a big however, what I see as the silver lining to all of this nonsense is that it's taken the bank's ego down a peg.

    Remember 12 months ago? The banks were riding high, credit was easy to get, and just about everyone short of incarcerated criminals was getting a mortgage. Bank presidents and CEOs were pulling down mega bonuses, ...

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  • Loan Modification Companies - Scammers Or Saviors?
    By: Harry J. Andersohn | - Okay let's cut right to the chase. This new vehicle that promises to help homeowners who are in financial trouble avoid foreclosure and save their homes -- known as loan modification -- sound like it might be the real deal.

    And it makes sense. It basically plays off the fact that the banks are completely desperate to avoid foreclosing on properties, and they're willing to work with people who are having trouble, or may have trouble in the near future, meeting their mortgage obliga ...

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  • Loan Modification: How To Turn The Tables On Your Bank
    By: Harry J. Andersohn | - As consumers, it's not like we have a con of opportunities to "get back" at huge financial institutions. Take for example what it was like when you applied for your mortgage. You probably had to search high and low for a massive amount of documents that basically told your entire life story.

    Never mind that you basically had to sell your soul and bend over backwards to prove that you were worth the of letting the bank take your money in exchange for the loan.

    Well ...

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  • Loan Modification: The Gift That Keeps On Giving?
    By: Harry J. Andersohn | - There's hardly a segment of the U.S. population that hasn't been touched by the financial and mortgage crisis over the past few months.

    I know I've been hit by it, and several members of my extended family have as well. The stats say it's close to 50% of homeowners who are facing some kind of financial difficulty right now, so if you are today, believe me, you're not alone.

    But let's not harp on the negative, because there's actually a really POSITIVE benefit that c ...

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