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"The median monthly payment reduction for borrowers enrolled in
the (HAMP) program is $522" - DSnews.com
Loan Modification - Do I Qualify?
For many people in today’s difficult economic times, the answer to this question is YES! The problem is, with the overflow of information and the complex programs available to people today, it may seem almost impossible to know if you qualify for a Loan Modification, and if you do, what it is exactly that you qualify for.
That’s where we come in. Loan Modification411 specializes in providing exactly what you are looking for, INFORMATION. And the best part, it costs you nothing! You’ll be happy you did. Within 1 business day, but more often within minutes, our service will refer you to an ethical and honest company who will be on the phone with you to answer all of your questions, confidentially. If you choose to, this specialist can help you by taking on your case and pursuing a loan modification for you. It is completely up to you. The first step towards changing your situation is filling out the form to the right.
We also provide you with up-to-date and accurate information and loan modification advice so you can make the right decision. Here are some questions you will find answers to: What is a home loan modification? Do I qualify? What are loan modification requirements ? What is the What is the HAMP Loan Modification plan? What about making home affordable?
WARNING:==========
Recently the FTC has released a rule to protect struggling homeowners from mortgage relief scams. A copy of the rule can be viewed at the link below:
http://www.ftc.gov/opa/2010/11/mars.shtm
Loan Modification 411 is a free information site that refers eligible consumers to companies that may be able to assist them.
Latest Loan
Modification News:
Kamala Harris: National Mortgage Deal Still Not Good Enough For California Jan 26, 2012
FRAUDCLOSURE TIMES | HOW MANY DAYS DOES IT TAKE TO FORECLOSE IN FLORIDA? Jan 24, 2012
Bostwick Putting SB 94 and California State Bar on Trial Jan 24, 2012
CFPB, FTC Sign Agreement to Share, Clarify Powers Jan 24, 2012
MERS Settles, Avoiding Class Action Foreclosure Fee Lawsuit Jan 24, 2012
10 million more mortgages set to default, expert says Jan 18, 2012
Everything You Need to Know About Wall Street, in One Brief Tale Jan 17, 2012
JPM's Dimon: A "Turn" in Housing May Be Closer Jan 16, 2012
Fraud Database Reaches 20,000 Complaint Milestone Jan 13, 2012
JPM's Dimon: A "Turn" in Housing May Be Closer Jan 13, 2012
CFPB explains what nonbank supervision will look like Jan 11, 2012
As consumer credit scores plunged in 2008-2009, lenders raised their standards Jan 11, 2012
Is There Hope for BoA, its Mortgage Business? Jan 11, 2012
January Surprise: Is Obama preparing a trillion-dollar, mass refinancing of mortgages? Jan 06, 2012
California Agencies Warn Consumers About Mortgage Fraud Jan 06, 2012
With Cordray Director, CFPB Steps Up Nonbank Supervision Jan 06, 2012
CFPB explains what nonbank supervision will look like Jan 05, 2012
Treasury not ruling out changes in last year of HAMP Jan 05, 2012
Richard Cordray Appointment Could Play Big for Housing Jan 05, 2012
California Agencies Warn Consumers About Mortgage Fraud Jan 04, 2012
Fitch: Large Backlog of Foreclosed Homes Jan 04, 2012
Is Shadow Housing Inventory Vastly Larger Than Widely Believed? Jan 03, 2012
Foreclosure free ride: 3 years, no payments Jan 01, 2012
Details of Mortgage Servicing Settlement Between Banks and AGs Begin to Emerge Dec 27, 2011
State sues for answers from Fannie Mae, Freddie Mac on housing meltdown Dec 21, 2011
EMC Agrees to Pay $28 Million in Settlement – but what about the homeowners who lost their homes due to fraud? Dec 21, 2011
The Mortgage Law Group Fights for Veterans Dec 19, 2011
The Mortgage Law Group Helps Borrowers Fight for Their Rights in OCC Complaint Process Dec 19, 2011
The Mortgage Law Group Expands Its Reach The Mortgage Law Group, a Leading Mortgage Defense Law Firm Based in Chicago With a Network of Office Locations, Is Expanding Its National Reach With an Army of New Attorneys Dec 19, 2011
Home Loan Modification Woes Delaying Housing Recovery Dec 18, 2011
LENDER PROCESSING SERVICES | ROBO-SIGNED – MASSIVE FORECLOSURE FRAUD REVEALED (VIDEO) Dec 16, 2011
CA DEM LETTER ON MUTLI-STATE FORECLOSURE SETTLEMENT AND AG HARRIS Dec 16, 2011
HOLY FRAUDCLOSURE! | CANTWELL TO JUSTICE DEPARTMENT: FULLY INVESTIGATE FRAUDULENT FORECLOSURES BEFORE BANK SETTLEMENT Dec 15, 2011
New Waves of Foreclosures Due to Hit? Dec 15, 2011
Principal reduction outpaces short sales under HAMP Dec 13, 2011
Four Foreclosure Financing Myths Dec 12, 2011
Bill Proposes Limitations on Deficiency Judgments Dec 12, 2011
WHITE PAPER | PROPERTY TITLE TROUBLE IN NON-JUDICIAL FORECLOSURE STATES: THE IBANEZ TIME BOMB? Dec 09, 2011
NBC NIGHTLY NEWS | MASS. ATTORNEY GENERAL: WHY WE ARE SUING THE BANKS (VIDEO) Dec 08, 2011
Attorney General Kamala D. Harris Announces Arrests in Nationwide $6 Million Loan Modification Scam Dec 07, 2011
California, Nevada team up to investigate foreclosure fraud Dec 07, 2011
Bank of America settles investor suit against Merrill on mortgage securities for $315 million Dec 07, 2011
Foreclosure Crisis Isn't Even Halfway Over: Study Dec 06, 2011
Attorney General Martha Coakley urges Congress to investigate Ally Financial’s GMAC over foreclosure practices Dec 06, 2011
Voluntary Foreclosure Procedure Reforms May Prevent Future Crisis Dec 05, 2011
Mortgage Delinquencies Continue to Decline as Foreclosure Inventories Climb Dec 05, 2011
COMPLAINT | COMMONWEALTH OF MASSACHUSETTS V. BANK OF AMERICA, JPMORGAN CHASE, CITIBANK, GMAC, WELLS FARGO, MERS, ET AL Dec 05, 2011
Danger Ahead: More Loan Mods May Go South Dec 02, 2011
HARP's Dirty Little Secret: Most HARP Refis are of Positive Equity Mortgages Dec 01, 2011
Attorney General Kamala D. Harris Announces Arrests in Stockton Foreclosure Scam Dec 01, 2011
Pending Sales Increase May Point to Budding Market Recovery Nov 30, 2011
http://www.dsnews.com/articles/study-finds-fewer-borrowers-sinking-in-negative-equity-2011-11-29 Nov 29, 2011
Arizona AG Files Complaint Against Alleged Loan Mod Scammer Nov 29, 2011
Fed Records First Rise in New Mortgage Delinquencies in a Year Nov 28, 2011
The Mortgage Law Group Helps Investigate Wrongful Foreclosures Nov 23, 2011
SIGTARP Continues Shut Down of Sham Loan Mod Firms on Yahoo and Bing Nov 21, 2011
Existing-Home Sales Rise Unexpectedly in October Nov 21, 2011
Obama Signs HR 2112 to Extend FHA and VA Loan Limits Through 2013 Nov 21, 2011
Past Due Mortgages = 6,298,000 Nov 19, 2011
California AG Subpoenas Fannie and Freddie Nov 18, 2011
Foreclosure Crisis Is Far From Over, Report Finds Nov 18, 2011
Fewer Home Loans Going Bad But Foreclosures On Rise Nov 17, 2011
Homeowners, beware of firms charging a fee for mortgage help Nov 17, 2011
Call for Return of Housing Counseling Dollars Resonates 445+ Strong Nov 12, 2011
Foreclosure Backlog Could Take Decades to Clear Out Nov 11, 2011
The Multistate Foreclosure Settlement Nov 09, 2011
Illinois Bank Failure Brings 2011 Tally to 85 Nov 08, 2011
Feds Sue Allied Home Mortgage Nov 08, 2011
Proposed AG Settlment Helps Big Banks Hurts Homeowners Nov 05, 2011
Former Ohio AG DAnn Testifies Before Panel Nov 04, 2011
A Foreclosure Settlement That Wouldn't Sting Nov 03, 2011
State Attorneys General and Servicers Set to Strike $25B Settlement Nov 01, 2011
STATE OF DELAWARE V. MERSCORP INC. PRESS RELEASE | BIDEN: PRIVATE NATIONAL MORTGAGE REGISTRY VIOLATES DELAWARE LAW Oct 31, 2011
Whie House Considers Underwater Refinancing Relief Oct 27, 2011
Researchers say Ibanez case is about laymen's rights, not default Oct 25, 2011
Florida Workgroup Recommends Mediation Not Be Mandatory Oct 25, 2011
Foreclosures Forecast to Hit 15 Million Homeowners Oct 24, 2011
Foreclosure activity soars, ending a lengthy lull Oct 20, 2011
Abuses Alleged in Retooled Loans Oct 17, 2011
California breaks from 50-state probe into mortgage lenders [Updated] Sep 30, 2011
California Quits Foreclosure Talks With Big Banks Sep 30, 2011
Mortgage Litigations More Than Double Year-Over-Year Sep 26, 2011
Wells Fargo accused of forging loan documents Sep 23, 2011
Mortgage industry tanks, fraud continues at Countrywide Sep 23, 2011
Divide Widens Within AG Camp Over Robo-Signing Settlement Sep 23, 2011
Recent Loan Modification Articles
Will The Housing Crisis Be Over By The End of 2012 |
Jan 26, 2012 04:41PM |
| It is being predicted by Capital Economics Experts that the housing crisis should be over by the end of 2012. | |
Is The Housing Market Finally Turning Around? |
Jan 25, 2012 01:21PM |
| Industry experts are predicting that the housing market in finally turning around. | |
2 More Banks to Join the AGs Settlement |
Jan 25, 2012 01:09PM |
| It has been announced that there could potentially be two more large banks that want to participate in the settlement against the 5 largest banks. | |
Wells Fargo Reports Record Breaking Year |
Jan 17, 2012 07:30PM |
| Wells Fargo reported a $15.9 billion dollar profit for the 2011 fiscal year. This is a 28% increase from last year's profit. | |
JPMorgan Chase Records Record Profits Amidst The Record Number of Foreclosures |
Jan 16, 2012 07:16PM |
| JPMorgan Chase announced that they had a record profit year for 2011. They were profitable by a staggering $19 billion dollars for the 2011 fiscal year. | |
Mortgage Modification Explained
Loan modifications come in different forms but quite frequently they involve the reduction of mortgage's interest rate for a specified period of time so the homeowner can continue to make payments and stay in the home. Loans can also be modified so they have a longer amortization term (e.g. 40 year instead of 30 year) which will cause the payments to decrease. Principal writedowns are rare, but they do indeed happen where the bank actually writes down some of the principal amount.
Majority of the home loans needing modifcation today are conforming mortgage loans made by big banks such as HSBC, CitiMortgage, Countrywide, Household, IndyMac, JPMorgan, Wells Fargo, Washington Mutual and Bank of America and based on Fannie Mae and Freddie Mac guidelines. Act now since time is really not on your side. Get Started Now!
Loan modifications used to be reserved for borrowers whose mortgages became delinquent because of job losses, divorce proceedings, or illness, but today they are also open to those individuals who are suffering in the aftermath of adjustable rate mortgages skyrocketing and placing the monthly payment beyond the means of the borrower. Even if you have attempted to work with your own lender in the past and have come away from that experience with a less than positive experience, we can help. Understanding the plight facing homeowners today and the very real threat of foreclosure, legal assistance during the process of applying for a loan modification is essential in the attempt to make the lender sit up and listen and provide the best possible solution for any homeowner before it is too late. Do not hesitate to contact us so we can connect you with a legal professional today who is well versed in the field of loan modification and who will save your budget and home. The assistance you receive is fast, concise and confidential.
The loan modifcation attorneys and certified foreclosure consultants have performed successful mortgage loan modifications in all states:
Among the most successful states are California loan modification, Nevada loan modification, New York loan modification, Florida loan modification, Pennsylvania loan modification.
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming.
Recent Loan Modification Questions
Posted By: mrtheking on Jan 25, 2012 02:26PM |
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A: With that little bit of information it is very hard to determine if you would qualify for a loan modification. Based on the fact that you home is not included in the BK yes you should qualify for a home loan modification. Being as though you are not late on your mortgage payments you should still be able to qualify for a loan modification if you have a verifiable hardship and you are paying more than 31% of your gross monthly income on your mortgage payments. You will al ... More |
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Posted By: ahsan on Dec 14, 2011 12:17AM |
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A: That is a great question and I think you should consult with bank of america to find out for sure. |
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Posted By: FFloresarcee on Dec 03, 2011 09:19PM |
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A: Typically that is correct. However you should always call your mortgage company and make sure. Get their answer in writing! The last thing you want to do is jeopardize your modification. |
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Posted By: Pepper on Nov 18, 2011 06:50PM |
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A: Probably not because the terms of your loan were affected in a positive manner and it probably didn't negatively affect you. However if you feel strongly that you have been wronged I would consult a local attorney to discuss your case with them. |
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Posted By: joey06 on Nov 17, 2011 04:27PM |
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A: Unfortunately principal reductions are very scarce. You can always apply again and see what your lender says now that you have a new hardship. For help with your loan modification please call 866-437-9061 or fill out a form on this site. |
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Posted By: Bugs on Nov 11, 2011 05:26PM |
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A: It shouldn't affect your modification, however you should call your representative at Bank of America and ask them to be certain. |
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Q: my house is up for sale on 11-17-2011,can i be approve for a modidicaton loan |
Posted By: churchtochurch on Nov 06, 2011 08:51PM |
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A: Yes you can. You need to move very quickly. Please either fill out a form on this site or call 866-437-9061. |
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