The Loan Modification Department
What is Predatory Lending?
Predatory lending is a practice wherein a lender forced you into abusive or unfair lending terms. This can be in the form of high interest rates, unreasonable penalties, and hidden fees that arent part of the mortgage contract.
Date Posted: November 25, 2008
Alternatives to Foreclosure: How can I avoid foreclousre?
The thought of foreclosure is enough to send any homeowner into a panic. But contrary to belief, starting the foreclosure process does mean your at a dead end.
Date Posted: November 25, 2008
Why Do Lenders Prefer A Loan Modification Over A Foreclosure?
Lenders are known to be difficult when it comes to loan modifications. But did you know that they benefit at least as much from the process as you do? The main reason they balk at mortgage modification is that they have to train agents to handle...
Date Posted: November 25, 2008
Writing a Loan Modification Hardship Letter
A guide for what to write in a Loan Modification Hardship Letter to explain to your creditor why you have become delinquent on your Mortgage.A financial hardship letter explains to your creditor why you are in financial trouble and requests a...
Date Posted: November 20, 2008
Why Use An Attorney To Negotiate A Loan Modification?
Wouldnt it be great if you could just walk up to your lender and say Please lower my payments or Please restructure my mortgage? Thats basically how loan modification worksexcept for the walking up part.
Date Posted: November 20, 2008
How to Apply and Qualify For a Loan Modification?
Loan modification sounds simple enough: you basically ask your lender to change your mortgage terms on the basis of your financial hardship. If youre one of the millions of American homeowners who want to stop foreclosure, it may just be the...
Date Posted: November 20, 2008