Upside Down Mortgage

Posts Tagged ‘attorney’

Mortgage Modification Rules

Question: Where do I find current information about mortgage modification, refinancing, and new mortgage rules?

There is a lot of talk about mortgage modifications, refinancing and new mortgage rules, but most info is so basic that everyone just keeps repeating the stuff already known. Can anyone suggest a place with more advanced and very specific articles stating the facts with references back to the primary sources?

Answer: If you are looking for the best mortgage refinancing site, try this site

http://best-mortgage-refinancing.com/

Here you can find the lowest interest rate in your area

Loan Modification Can Help You Avoid Foreclosing On Your Mortgage

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Loan Modification Workout

Question: I need help on filling out a Hardship Affidavit?

What do I put in that blank line? The person I want to borrow from or company?

In order to qualify for _______________’s offer to enter into a conditional Loan Workout and Modification Agreement (the “Agreement”), I am submitting this letter to the Lender indicating by a checkmark one or more events (“Event(s)”) that has contributed to my inability to remain current on my mortgage loan.

Answer: i would put down the leander name who ever sent you this form would go there

Loan Modification Phantoms are taking advantage of people looking for a loan workout

Loan Modifications Scams

Question: home loan modification q’s?

so i have a lawyer whose modifying my home loan and etc and i have been getting these letters your home is about to be sold and calls. i had this letter that said your home is about to be sold on this date but my dad asked the lawyer he said it was junk and nothing happened the date passed. today i get a call from this guy who wants to help us because our home is about to be sold and foreclosed in december and he’s like don’t you want to spend time with your family it’s christmas and he’s like we can help. i told him i will talk to my lawyer but he’s like your lawyer is going to not keep getting extensions and he really freaked me out. idk what to believe. do you think this guy is just a scam.

Answer: Yes, this is a scam. You would have received notification of foreclosure from your financial institution if this were true.

Diana Olick Mortgage Loan Modification Companies: Saviors Or Scams?

Mortgage Modification Affect Credit

Question: How bad is your credit affected if you Short Sale? Foreclusre?

One of rentals are killing us! We are throwing out about $800 in addition to the check to make the mortgage! We have been doing this for a while now and unfortunately it’s kicking our butt. We have tapped into our equity line for help but we can’t rely on that. We have called a bunch of places for loan modifications and nothing. Someone told us if we stop making payments is when they start wanting to modify your loan. If we were to do that so they can help modify our loan…how would that affect our credit. We would stop making payments until they modify our loan. Any suggestions would be great! Thanks.

Answer: I would call the lender now. There is no guarantee that the lender will offer you any type of modification....especially on an investment property.

How Does a Loan Modification Affect My Credit

Mortgage Modification Laws

Question: How can congress pass legislation allowing bankruptcy judges to change terms on already written mortgages?

It seems like this would be challanged (sucessfully) in court since the laws when the contract was signed didnt allow modification. I can understand how they could mandate that future mortgages are capable of being modified but not those already written… seems kinda like ex post facto.

Answer: 1. Ex post facto means that Congress is prohibited from making a law retroactively punitive. i.e. Congress couldn't pass a law saying that drinking is illegal again and punish people who drank before the law went into effect. It affects criminal statutes only.

2. Congress is just being Congress. They know there is a large likelyhood that this can be overturned. They just want to tell peopl that they tried.

Mortgage Modification Law Firm 97% Success 100% Money Back G