Comments on: Finally, a Bailout for Homeowners?

By: loan modification Expert

loan modification Expert — Thu, 23 Jul 2009 18:41:41 +0000

These are very sorry things!
I hope so that the things will change into good direction.
It is good quickly.

By: lrobb

lrobb — Sat, 11 Jul 2009 00:38:00 +0000

Not everyone who is currently in foreclosure lives in a mcmansion, nor did they over extend, some of us just happened to lose jobs that were supposed to be “stable”. In order for a mom like me to look for a job to pay my mortgage I have to pay for daycare, in order to pay for daycare I need a job, and so it goes round and round. I worked in the mortgage industry for 13 years, didn't look like the end was near until BLAM there goes 98% of my office unemployed. I live in a very modest home in a very modest community, which I am leaving because I am losing my home, where both of my children were born, I have no choice. But I am one of the lucky ones, I have a mom who has a house that can accomodate us at least temporarily. We won't be homeless, but my credit is GONE so it'll be a while before we can have our own home again and live in a neighborhood where my kids will grow up safe, and in order to do that we'll have to save up BIGTIME. So please don't generalize…..

By: loanmodificationzoom

loanmodificationzoom — Mon, 29 Jun 2009 11:40:59 +0000

Modifications are becoming a little easier now for homeowners since Obama's Home Affordability and Stability Plan (HASP). Whether or not it will achieve the goal of helping 8-9 million homeowners remains to be seen…

By: mortgage loan modification

mortgage loan modification — Fri, 19 Jun 2009 10:14:43 +0000

Definitely though times. You have to see first if you qualify for loan modification in order to save your home. Not everybody qualifies, but most people do.

By: Mortgage loan modification

Mortgage loan modification — Fri, 19 Jun 2009 09:56:18 +0000

I agree with Amber. Unfortunately banks and lending institutions are too greedy. They want the most money possible from any transaction. Now, because of this chaos they are more willing to “share” their profit in the form of loan modification. This is the right time to modify your loan and stay in your home. Go for it.

By: fedup

fedup — Sat, 13 Jun 2009 17:26:49 +0000

With all that said apparently it is up to your mortgage company to assist you in this process. Recently I lost my job and went the route of restructuring out loan but after 4 months of waiting on the mortgage company (GMAC) and Freddie Mac to make a decision finally they came back and said that the financial paperwork on there site was revised and we had to fill out another financial report again “so we did”. After not hearing from GMAC & Freddie Mac we called them back and they told us that they need for us to do this for a third time “so what's up with that”? At this point I am starting to believe that this is a stall tactic so they can foreclose on our home and pocket the equity that we built up over the years. I also believe that THE “not our” GOVERNMENT is offering a helping hand but every time we reach for it someone pulls it back.
So if you are getting the same old run around and are at the point were foreclosure is at your front door do this, call up a wrecking company and have them level the part of your house that you have your equity in. This work's best if you start at the foundation.

By: fedup

fedup — Sat, 13 Jun 2009 10:26:49 +0000

By: Mortgage Loan

Mortgage Loan — Sat, 06 Jun 2009 15:16:27 +0000

Loan modification has never come at a better time. As the mortgage market is shrinking people seek new ways to stay in business. Changing terms of a loan is the only way people can keep runing their businesses.

By: Mortgage loan modification

Mortgage loan modification — Sat, 30 May 2009 16:36:37 +0000

I agree with FDIC approach as the best way to tackle loan modifications is the one-on-one negotiations These personal issues need to be handled carefully.

By: Loan modification help

Loan modification help — Wed, 06 May 2009 17:24:27 +0000

The policies of the new government are in favor of providing the benefits of loan modification programs to most of the distressed home owners who live in the fear of foreclosure.
This is the right time to get your loan modified and save yourself from foreclosure.
Do your research and ask for professional advice