Professor Loan Mod

What is new in the foreclosure realm of Bank of America and Mortgage Servicers?

Many mortgage servicers are facing imposed fees for wrong doing with many of the foreclosure’s happening across the country. The latest to fall target to the investigation is Ocwen Loan Servicing, a Florida based company. Ocwen states it is cooperating ... Read >

Mortgage Aid still needs to be offered to the Middle Class

The American Dream …. Many people come to the United States for many reasons, usually because of the freedom and opportunity our country offers to many people of all cultures and religions. One of the most valued goals for many Americans is home ownershi... Read >

STAR Servicer Total Achievement and Rewards Program for Mortgage Servicers.

As the fall out continues with the countrywide 50 state investigations, lending servicers who are responsible for bill collection of mortgage payments and other aspects of mortgage servicing for investors, it has come to the attention of the government ho... Read >

Hud grants Homeownership Preservation Foundation HPF gets $1 million in funding

Huh? Hud gives HPF $1 million to help prevent consumers from being scammed. Even though the FTC Federal Trade Commission has made new laws on how homeowners work with third parties entities. It is still unfortunate many homeowners are still being taken ... Read >

Best way to present your financial information to your lender for loan modification assistance

You are sitting at home and starring at a lender application form for your loan modification. You ask yourself “should I disclose little Jimmy’s income?" Little Jimmy who lives in your basement and pays cash for rent. Here is short list to help you ... Read >

Looking at forgotten loan modification programs, have you asked your lender today?

Principal forgiveness can help qualified homeowners who are past due and underwater. Bank of America’s National Homeownership Retention Program NHRP has modified the program to look at loans that maybe eligible for a principal reduction. Question is h... Read >

Home Affordable Protection against Foreclosure

Many clients have been through hell and back trying to save their home, looking for the right assistance, looking for the right help. The mere thought of losing your home, your place of security for you and your family, has torn families apart, shattered... Read >

Saving your home from foreclosure with HAMP and HAFA programs offered by the government.

What if I file for bankruptcy with on a trial payment plan? According to the Making Home Affordable manual for servicers if you file for bankruptcy while you are on the 3 month trial payment plan, the servicer cannot deny you a permanent modification ... Read >

Not every Foreclosure Defense Attorney or Loan modification company is out to get you!

It is just another day trolling the web looking for stories relevant to the foreclosure market and the latest news. The internet is just crawling with stories about foreclosure scams, new laws to protect consumers and revisions to the government’s mortga... Read >

Have you been denied due to the NPV test for the Obama program HAMP?

The Dodd-Frank Wall Street reform and consumer protection act may also offer protection to homeowners in regards to the context of a mediation program. The Act requires that every servicer participating in the Home Affordable Modification program that ma... Read >

Home Affordable Guidelines for Rental Income

If you own a rental property below is information you will want to know before you apply for your loan modification. This is for homeowners who are trying to modify their primary home, but may have other property they own. If you are trying to modif... Read >

How to save money if you want to keep your home but have been denied a loan modification

Our site is not just about foreclosures, loan modifications and other news related to housing but we want to keep our readers informed on ways to save especially if you are current on your home but need to find ways to reduce your overall monthly expenses... Read >

In the Spotlight: California Short Sale Part 1

Understanding what a short sale is and how it affects your credit. Short Sale Transactions: What is a short sale? Is a sale of real estate property in which the outstanding debt (ie: mortgage’s) you owe are more than what the property is worth. I... Read >

Staying on top of your lender and your Home Affordable Modification request.

So what do you do if you actually know more about what options maybe available to you then the negotiator on the phone or lender representative helping you? By the way how is that possible even? Unfortunately, one of the issues with the larger lenders is... Read >

What you need to know about the foreclosure process

The Home Affordable Modification program has updated their guidelines and has republished the full booklet on their website. Below is a brief recap of key items you need to know. This article part 1 of 3 and will review the steps outlined in the online ... Read >