| Recent Questions |
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| Q: how much do you charge for loan modification and do you charge in advance o... | Posted By: damo on Jan 05, 2009 12:20PM |
| Q: we filed bankruptcy in march 08 and i have been laid off we got behind 2 pa... | Posted By: ryanrobb66 on Jan 01, 2009 12:14PM |
| A:
So as I understand, you are now unemployed? If so, that makes it a bit mor ... More |
| Q: Lost my job and have new employment at a much lower income. Mortgage payme... | Posted By: GeorgiaLoan on Jan 01, 2009 11:19AM |
| A:
Thank you. But I guess I was not clear. I have been told by a loan mod co ... More |
| Q: Deed is on Husband and Wife but Wife is on the mortgage loan only. This is ... | Posted By: nov8dbay on Dec 30, 2008 12:17PM |
| A:
Yes, as long as thye both live in the house, want to keep the house, have e ... More |
| Q: I would like to find out which companies have the best track record for loa... | Posted By: Renea on Dec 30, 2008 10:55AM |
| A:
Well, this is a very difficult question as it really depends on the given c ... More |
| Q: We have our home since November 1998 we never missed any payment. I just ha... | Posted By: manoeugene on Dec 26, 2008 09:14PM |
| A:
Let me start by asking whether or not you would like to keep this house eve ... More |
| Q: We have the loan principal balance 475K with appraisal value of the house o... | Posted By: elenroz on Dec 23, 2008 01:31PM |
| A:
Well, it seems that you certainly have enough equity in your home to refina ... More |
| Q: I lost my job recently, but I am still current in payment. My wife’s job br... | Posted By: Jalal on Dec 20, 2008 11:06AM |
| A:
Well, as you might expect the "best" possible candidate for a loan mod is a ... More |
| Q: can i get another modification within a one year period | Posted By: fred on Dec 19, 2008 12:30AM |
| A:
We have actually seen several loan modifications that were negotiated in th ... More |
| Q: I lost my job but have found new employment at a much lower income (commiss... | Posted By: williamg on Dec 18, 2008 02:03PM |
| A:
Yes this is true for the most part. As a general rule lenders is concerned ... More |
| Q: I pay the mortgage but my son is on the loan.and he doesnt live there.I hav... | Posted By: vjz on Dec 16, 2008 11:01AM |
| A:
You do not have to be behind to get help. If you foresee yourself having tr ... More |
| Q: Can I apply for loan mod with a equity loan on the property? | Posted By: vjz on Dec 15, 2008 01:49PM |
| A:
Yes, but it is obviously not as "clean" as your first mortgage lender would ... More |
| Q: Can you get a loan modification even if you have only had your home for 7 m... | Posted By: randa0813 on Dec 15, 2008 11:06AM |
| A:
Well, sure. Remember, there are 3 components necessary for a mod. 1) You ... More |
| Q: If I have a second home and it use to be rented and now it does not rent an... | Posted By: eddy on Dec 12, 2008 12:22PM |
| A:
Well, although there are no real hard and fast "rules" so to speak, but in ... More |
| Q: I'm a single mom with 3 kids, i have my home on short sale right now and wo... | Posted By: tgarcia on Dec 10, 2008 01:44PM |
| A:
Well the key question is whether or not you still have any kind of income. ... More |
| Q: When you do a short sale are you able to remain in your home? This company ... | Posted By: Need Help on Dec 08, 2008 09:15AM |
| A:
short sale means your are selling so you can't stay in the property the onl ... More |
| Q: Do you need an attorney to do a loan modification? Can I call myself and re... | Posted By: Need Help on Dec 08, 2008 09:02AM |
| A:
Yea of course you can do it yourself. Is it going to happen highly unlikely ... More |
| Q: If the lender agrees to do the loan modification are you still paying the o... | Posted By: Need Help on Dec 08, 2008 09:00AM |
| A:
Yes you are you are just changing the terms on loan... ex: interest,length ... More |
| Q: What other cost will be incurred if we do loan modification (For example: A... | Posted By: hajira on Dec 04, 2008 11:05AM |
| A:
Since a Loan Modification is not a "refinance" or a "new loan", there will ... More |
| Q: What happens to the original loan does it freeze and becomes a ghost after ... | Posted By: just me on Nov 26, 2008 02:10PM |
| A:
There is no such thing as the "original loan" vs. a "new loan". This is no ... More |
| Q: Is it possible to get loan modification if you already have a fixed interes... | Posted By: vieanblue on Nov 25, 2008 07:04PM |
| A:
Sure. The main purpose of a loan modification is to make your mortgage pay ... More |
| Q: How much do this loan modification cost? | Posted By: starlight on Nov 24, 2008 11:31AM |
| A:
I had answered a similar question to another consumer. The fees differ from ... More |
| Q: We are current on our mortgage. But my husband's job is in danger and he ma... | Posted By: mbradleyrn on Nov 22, 2008 07:23AM |
| A:
Well. it is really tough for me to give you meaningful advice since I do no ... More |
| Q: Can you start the loan modification process even if you are current with yo... | Posted By: homeownersos on Nov 20, 2008 12:17PM |
| A:
The short answer is yes. However, with the shear volume of people looking f ... More |
| Q: I was hoping to touch base with operations individual to discuss a partners... | Posted By: jeffwilks on Nov 19, 2008 11:56AM |
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Jeff, if you would like to discuss partnership opportunities with loan-modi ... More |
| Q: Have you ever been able to work out a loan modification with FlagStar mortg... | Posted By: WorriedHomeOwner on Nov 18, 2008 10:04PM |
| A:
Modifications are a bit tricky because even if you got your mortgage throug ... More |
| Q: how long is the loan mod process? | Posted By: woodhana on Nov 13, 2008 05:44PM |
| A:
This really depends on several facter. Not all loan mods are the same. Th ... More |
| Q: what is the loan modification rates? | Posted By: pooker on Nov 12, 2008 08:42PM |
| A:
I actually answered this on the previous question, but I will cut+paste for ... More |
| Q: What are the necessary fees to get this process started? | Posted By: pivory007 on Nov 12, 2008 09:10AM |
| A:
Well, this really depends on which company you select to go with. I have s ... More |
| Q: Is there anything else that we can do if the mortgage lender says that they... | Posted By: MortgageDummy on Nov 07, 2008 01:27PM |
| A:
This really depends on why the lender denied the loan modification. Can yo ... More |
| Q: I am in the process of doing a Loan Modification with CitiMortgage. We have... | Posted By: showme on Nov 07, 2008 10:36AM |
| A:
Well, if I were you and and i did not ABSOLUTELY need the money, I would no ... More |
| Q: Can I present the Loan Mod myself to my lender or should I seek the experti... | Posted By: nov8dbay on Nov 05, 2008 09:09PM |
| A:
Well, the answer to this question is somewhat difficult. For some people i ... More |
| Q: We have 3 properties. Our primary residence and 2 others we could not sell ... | Posted By: boddenho on Nov 05, 2008 05:46PM |
| A:
As a general rule, your primary residence (home you currently live in) is a ... More |
| Q: How soon can we expect our payment to decrease? | Posted By: PapaJones on Nov 05, 2008 01:59PM |
| A:
Well, this really depends on several factors. Here are the important ones: ... More |
| Q: WHAT ARE THE FEES FOR DOING A LOAN MODIFICATION AND CAN THEY BE ROLLED INTO... | Posted By: RAMIREZ on Nov 05, 2008 01:52PM |
| A:
The fees are differ from company to company. What seems to be the most com ... More |
| Q: Do lenders modify the loan by reducing the loan amount? I have lost $40,00... | Posted By: cookiemix99 on Nov 05, 2008 08:35AM |
| A:
Well, it really depends on your particular lender's loss mitigation policie ... More |
| Q: Do you know any specifics about the JPMorgan Chase plans? | Posted By: PierreA on Nov 04, 2008 12:59PM |
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Here is the link sorry: http://www.boston.com/realestate/news/blogs/renow/2 ... More |
| Q: Purchased home in 2003 payment was around $1100month. within 2 yrs payment ... | Posted By: Maria on Nov 02, 2008 02:04AM |
| A:
Are you still unemployed? If so, it might be a bit tough to get a loan modi ... More |
| Q: Since losing my job, we depleted our savings to make our payments. I'm now ... | Posted By: BrendaKleen on Oct 30, 2008 02:00AM |
| A:
If you can still afford part of your original payment and have had a genuin ... More |
| Q: Is short sale better or loan mod? | Posted By: Bullfight on Oct 26, 2008 01:41AM |
| A:
Well, they are similar in one regard: the fact that a financial hardship o ... More |
| Q: My wife lost her job in Feb. Adjustable payments got to high and I lost my ... | Posted By: Francis on Oct 21, 2008 11:33AM |
| A:
Well, if you are not employed with no income, it will be pretty tough to co ... More |
| Q: Due to a struggle with depression 2 yrs ago I left my job with Procter and ... | Posted By: Dan on Oct 18, 2008 08:23AM |
| A:
It sounds like you have had a life event which definitely constitutes a val ... More |
| Q: Need info about a loan mod. company. Comp. called ElectGroup, out of FL has... | Posted By: KLUDY on Oct 16, 2008 10:13AM |
| A:
Due to the nature of loan modification, it's a recent development in the mo ... More |
| Q: My husband had lost his job and put us behind in payments. He is now employ... | Posted By: Lori on Oct 15, 2008 11:22PM |
| A:
From an employment standpoint, it is a good thing that he is employed again ... More |
