Category: Loan Modification

The US Government has established a program to assist with modifying loans for properties under foreclosure distress.  The Home Affordable Modification Program (HAMP provides incentives to loan servicers and financiers willing to modify loans for real estate with loans at …

REO foreclosures are intimidating to many home owners as they are on the increase. There are so many companies that have come out of the “wood works,” attempting to offer loan modification methods to help in the foreclosure process.

Some …

Since the beginning of the US Federal program to improve home loans into more affordable products for borrowers, about 12 percent of eligible borrowers have taken up the opportunity.

Since March over 360,000 borrowers had received three month trial loan modifications …