Upside Down Mortgage

Posts Tagged ‘loan_modification_attorney’

Loan Modification Firms

Question: Is it true DHAL sells information to lawyers & 3rd parties and is a criminal and fruadulent organization?

Distress Homeowners Assist Line, DHAL is under legal investigation for fraud and operating under the title of a non-profit organization. They are in fact a marketing company, selling the information they obtain, through the public trust, to lawyers and real estate firms. They primarily make their money via commissions when the client pays for a Loan Modification. If you have been abused by this company, please contact the FBI or BBB.

Answer: You seem to have answered your own question.

Are Loan Modification Companies Scams? (2 of 2)

If you're new around here, you might want to subscribe to our Upside-Down Mortgage RSS feed. It's quite likely the only feed of it's type on the internet!

Obama Loan Modification Bankruptcy

In today’s unpredictable economy, you can’t take anything for granted. You don’t know if you’ll have a job tomorrow, if you will be asked to take an unpaid vacation, or if the interest rate on your home mortgage will spike. What if gas prices soar? Will a trip to the grocery store for your family’s weekly necessities cost more? So much of the territory that our country, and the world, is venturing into is unchartered.

While we don’t know what the future holds, we can try to plan appropriately for it. How can you prepare yourself for future expenses, save money, or spend less in your current situation? Many wise people are considering these questions now.

In addition to planning for the future, we can also take advantage of the opportunities that we are offered today. One opportunity being offered to many troubled homeowners is a home loan modification.

President Obama’s housing plan involves offering many people a chance to modify their home loans. If a distressed homeowner lives in his or her property, falls within the requirements for the amount they owe, and meets additional criteria, they could be eligible for the government plan. The FDIC even has a “mod in a box†home loan modification program that they are hoping to enlist lenders in taking part in. Even if you don’t take advantage of the government’s specific plans, and are a homeowner in a volatile financial situation, you can still opt to modify your home loan.

With the help of the Feldman Law Center, you can have a better chance at protecting your financial future. You do not know when home loan modifications will start to taper off, how long you will be at your current job, or how your taxes could be changed in the future. If you are concerned about your adjustable rate mortgage, or a potential bankruptcy or foreclosure, you need the help of experienced attorneys on your side.

The federal government as well as many state governments, are talking about increasing taxes. What is the potential fallout of that? Given the uncertainty we are facing now, it is hard to guess what higher taxes might result in. But perhaps homeowners would have to pay higher property taxes, or perhaps additional fees and penalties could be added to home loan modifications.

Debates on the efficacy of taxes, both low and high, are inevitable. Chances are good that tax rates and structures will soon change. Will this be good for your current situation? Will you pay more, or less? Will you be a part of the population paying for the benefit of others, or will you be the beneficiary? Obviously, this depends on many factors. It doesn’t seem prudent to generalize widely about this. Every situation will end up being different.

It might not be a good idea to wait for a loan modification. They are available now. Call the Feldman Law Center today. We specialize in loan modifications and are ready to assist you today.

Visit us at feldmanlawcenter.com or call 800-588-0425.

About the Author:

About Feldman Law Center: The Feldman Law Center is owned and operated by Steven C. Feldman, attorney at law. Mr. Feldman has been a member of the California State Bar since 1983 and is well versed in federal loan modification law.

Source - Feldman Law Center – What Do Higher Taxes Mean for Loan Modifications?

Obama Loan Modification Miami Florida Attorney Foreclosure bankruptcy www.FloridaLawAttorney.com

Loan Modification Indymac

The loan modification program under IndyMac Federal Bank (FSB) is implemented to modify troubled mortgages under IndyMac. This program has been created as a result of millions of defaulted mortgage agreements. Indymac Bank is suffering financially as well as their customers. As a result, Indymac has put together a comprehensive mortgage modification program to assist struggling homeowners.

The mission of the program is:

• To provide borrowers cheap monthly mortgage rates.
• To improve diminishing property value.
• To restore mortgages into performing loans maximizing their value for the FDIC (Federal Deposit Insurance Corporation)
• To help creditors and investors of the former IndyMac Bank
• To work on improving IndyMac's Federal mortgage portfolio

Who Is Eligible for The Indymac mortgage Modification Program?

• Borrowers with first mortgage loan serviced by IndyMac Federal Bank
• Must be a primary residence
• Seriously delinquent or in default due to a financial hardship

What Are The Features of The Indymac Loan Modification Program?

• Borrowers will get fixed interest rate capped with the current Freddie Mac survey rate
• Manageable mortgage payments at a 38% debt-to-income ratio (DTI) of PITIA, which can be achieved by combining interest rate reductions, extended amortization and principal forbearance.
• After program term of 5 years, interest rate will increase by no more than 1% yearly until it capped the current Freddie Mac survey rate, which will be the new interest rate of the remaining loan term.
• No fees or other charges when applying for the Indymac mortgage modification program.
• All unpaid late charges will be waived!

What Do I Need To Apply For The Indymac Loan Modification Program?

• Income tax return to validate your financial hardships
• Account balances on all monthly payments and monthly housing expenses, such as, credit cards, student loans, second mortgage, insurance and taxes, etc.

How To Apply For The Mortgage Modification Program?

• Contact IndyMac Federal customer service specialist at 1-800-781-7399
• You can also log on to the official websites: http://www.fdic.gov or http://www.imb.com
• Present them essential proof of financial information

If you qualify you will receive proposed mortgage modification offer. You will be required to:

• Sign and return the loan Modification Agreement along with a check for their modified monthly mortgage payment and
• Provide verification of income to confirm that they qualify for the proposed mortgage modification.

Note: Make sure that you continue paying on time after getting modified and comply with all other terms of their mortgage agreements.

This modification program does not guarantee an approved mortgage modification offer for IndyMac Federal borrowers.

About the Author:

Get your Free Do It Yourself Loan Modification Kit. loan modification kit includes everything you need to complete a loan modification on your own. It will teach you how to negotiate with your lender and most importantly what NOT to say to your lender. The secret to a successful loan modification is how you present your case to the lender. This DIY loan mod kit will explain the loan modification negotiation process in explicit detail.

Visit our website for How to articles, mortgage calculators, free sample hardship letters, foreclosure timelines, and dozens of informative articles on loan modifications and foreclosure. Stop by to check out our growing library of free financial kits. We currently have bankruptcy kits, credit repair, and loan mod with more on their way!

FreeDIYkits "Helping Homeowners Help Themselves"

Source - Important Details of the Indymac Bank Loan Modification Program

Maxine Waters takes on the Loan Modification Lenders for her constituents