mortgage modification
I Have Been Battling Lung Cancer And Struggling With My Mortgage. – Andy
“Dear Steve,
Although I have never paid a bill late, I have been unable to continue my one-person business since I became ill one year ago. I have now received treatment for lung cancer, but have had no income for more than a year, have drained all my resources, and, even when I become strong [...]
Our Mortgage is Not in Our Name. Can We Still Get a Mortgage Modification? – Michael
“Dear Steve,
We have a very hi mortgage payment but we’ve managed to pay on time however we are late this month and will be next month. Our mortgage is in my father-inlaw’s name.
Hi my wife and I were not able to get a mortgage 7 years ago because of our credit score so we purchase [...]
FTC to Ban Upfront Fees for Foreclosure Rescue or Mortgage Modification
The Federal Trade Commission moved to protect distressed homeowners from the promoters of bogus foreclosure rescue and mortgage modification services by proposing a new rule that would forbid companies to charge up-front for these services. Instead, companies could only collect payment after providing services.
“Homeowners facing foreclosure or struggling to make mortgage payments shouldn’t have to [...]
More Lawyers Arrested for Loan Modification Scam Involving Home Relief Services and US Loan Mod Processing.
A lawyer and his business partner have been arrested on charges of defrauding over 400 victims in a $1.25 million loan modification scam that targeted distressed homeowners. A warrant has been issued for another business partner in this case. Former attorney Christopher Lee Diener, 42, and business partners Stefano Joseph Marrero, 40, and Terrence Green [...]
What Can I Do to Get a Loan Modification With Wells Fargo? – Mark
“Dear Steve,
Life happened. Doctor bills, behind on payments, everything.
I just received a Notice of Default and Intention to Accelerate on my mortgage from a lawyer. I was working with the mortgage company – Wells Fargo for a Loan Modification. It was in process and haven’t heard from them. I kept checking their online tool and [...]
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I Need The Name of a Credible Loan Modification Company. – Charlotte
Charlotte wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
Is It Time to Walk Away From Your Mortgage in a Strategic Default?
With homeowners still slipping under the seas of mortgage default more and more are considering that walking away from the mortgage might be a wiser and more logical solution. This approach even has a name, strategic default.
A strategic default might be something to strongly consider if you owe more than your home is worth, property [...]
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Real Long-Term Mortgage Loan Modifications Are a Joke.
As I’ve been saying the mortgage loan modification process is broken. People are not getting the type of long-term real mortgage modifications they need to really avoid foreclosure. In the meantime while they sit and sit and sit, waiting for their mortgage company to respond, their financial life goes further and further down the toilet. [...]
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I Was Thinking About Bankruptcy. Would This Have An Effect On My Loan Modification? – Tim
“Dear Steve,
I have worked in auto sales for the last ten years and things have really gone down hill over the last few years. I was just let go at the begging of Feb. and have been collecting unemployment. I’m two payments behind on my mortgage and have a huge amount of credit card debt [...]
New Law Prevents Foreclosure Relief and Mortgage Modification Services From Charging an Up-Front Fee
California Attorney General Edmund G. Brown Jr. today issued a consumer alert warning California homeowners to avoid individuals and businesses that charge up up-front fees for foreclosure relief services in light of a just-enacted state law that makes this “abusive practice” subject to prosecution.
“Over the past two years, unscrupulous attorneys and real estate brokers [...]
I’m Holding On to Our House By Draining the College Fund. – Dave
Dave wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
Click here to read the rest of "I’m Holding On to Our House By Draining the College Fund. – Dave"
Foreclosure Rescue and Mortgage Modification Help Just Bad Actors in New Clothes
The New York Times has a great article out about the transformation of subprime mortgage brokers into new entities that promise to sell help for people to get mortgage help.
Late last year, he and his team — ensconced in the same office where they used to broker mortgages — began working for a loan modification [...]
My Mortgage Lender Said They Won’t Modify My Loan But Will Agree to a Short Sale – Lindsey
Lindsey wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
I’m Trying to Get My Lender to Modify My Mortgage But They Don’t Seem to Want to – Debbie
Debbie wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
California AG Takes Action Against Foreclosure Consultants & Loan Modification Companies
Continuing his fight against scam artists who “prey on” vulnerable Californians, Attorney General Edmund G. Brown Jr. today issued a directive forcing foreclosure consultants to register with his office and post a $100,000 bond by July 1, 2009.
Those who fail to do so will be in violation of state law, subject to criminal penalties [...]
Just Because Your Bank Modified Your Mortgage Doesn’t Mean It Will Stick
A very interesting article on the Mortgage law Network appeared that you should be aware of.
And banks are failing at an alarming rate. When a bank is taken over by the FDIC, the FDIC is protected by law from “side deals” made with borrowers which might tend to reduce the value of your loan [...]
I Received a Mailer From Payment Reduction Service and Core Pac Solutions to Modify My Mortgage. – Charles
Charles wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
Get Out of Debt Podcast – Answers for James, Charlene, and Duff
Here is the latest Get Out of Debt show podcast.
Do You Have a Question You Want to Ask?
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
@GetOutOfDebtGuy
Questions Included in This Show:
Question From James
My wife and i live in [...]
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Mortgage Company Won’t Modify Loan Because it is an FHA. – Debora
Debora wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.
Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
Click here to read the rest of "Mortgage Company Won’t Modify Loan Because it is an FHA. – Debora"
We Have Three Mortgages Against Our House, Started Our Own Business, and Finding it Hard to Pay the Bills. – Arthur
I apologize in advance for the short response. I am currently away on vacation with limited internet but wanted to give you an answer as soon as possible. Steve
Arthur wrote to me through the GetOutOfDebt.org site and asked the following question. If you have a credit or debt question you’d like to ask just use [...]
