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Latest Mortgage modification Stories

2011-05-28 00:00:50

Regency Financial Group provides assistance to homeowners struggling with their mortgages and helps them though the modification application process with their lenders. Regency provides assistance with the HAMP program. Regency has many success stories where other loan modification companies could not succeed. Regency does this for a processing fee of less than $999. Homeowners can save thousands of dollars in interest, may receive principal abatement and most of all save their homes. Coral...

2011-05-19 09:43:00

WARREN, Mich., May 19, 2011 /PRNewswire/ -- At the beginning of the current real estate crisis, Adjustable Rate Mortgages (ARMs) were a big problem. With interest rates so low recently, they have fallen off the radar screen. But now a prominent Detroit-area Bankruptcy attorney is predicting that ARMs could become a problem again in the near future. "The problem is that a significant part of our housing is still mortgaged with ARMs," Greiner said. "Interest rates have been at historic lows...

2011-03-22 00:00:27

According to Kevin M. Levine, Executive Vice President of Strategic Asset Solutions/Peak Asset Solutions of Woodland Hills, California, "An objective and thorough property valuation analysis is the key to a successful negotiation with commercial real estate mortgage lenders. "Many distressed loan borrowers believe that they can submit just any proposal to modify the loan or conduct a short sale of the property, Levine said. "And many prospective real estate investors submit offers to...

2011-03-01 07:25:00

CARLSBAD, Calif., March 1, 2011 /PRNewswire/ -- Consumer advocate software ModPilot(TM) (http://www.ModPilot.com) enables homeowners with an effective weapon in the fight to get mortgages modified. This proven system was created by a team of loan modification attorneys, expert lender negotiators and consumer rights advocates. ModPilot is a guide to help homeowners easily and successfully negotiate the loan modification process. The tools in ModPilot are the same techniques, contacts,...

2011-02-24 00:00:00

"Many borrowers seeking to obtain modifications of their commercial real estate loans are not good candidates for such loan modifications," stated Kevin Levine, Executive Vice President of Strategic Asset Solutions (SAS) of Woodland Hills, California. "In our initial interviews with prospective clients, we are able to draw upon our experience dealing with a wide variety of lenders in advising whether a loan modification is a realistic alternative," Levine said. "Many borrowers mistakenly...

2011-02-09 14:31:12

One factor, little-known by borrowers, can play a large role in whether banks are willing to renegotiate mortgages with homeowners who are struggling to meet payments. Unfortunately, it is a factor that homeowners have no control over. Researchers found that mortgages owned by lenders were 26 to 36 percent more likely to be renegotiated than very similar mortgages that the original lenders sold to other companies, which turned them into securities. "Homeowners don't have a say in whether...

2011-01-19 23:40:51

With mortgage loan defaults on the rise yet again, two mortgage researchers are proposing a new type of mortgage contract that automatically resets the balance and the monthly payment based on the mortgaged home's market value. Brent Ambrose, Smeal Professor of Real Estate and director of the Institute for Real Estate Studies at the Penn State Smeal College of Business, and Richard Buttimer, a professor in the Belk College of Business at the University of North Carolina at Charlotte, call...

2011-01-15 00:00:43

"Lenders usually are reluctant to modify a commercial real estate loan for more than 12 to 18 months," stated Kevin Levine, Executive Vice President of Strategic Asset Solutions (SAS) of Woodland Hills, California. "In some instances, they will agree to consider an extension of a loan modification subject to review and at the lender's sole discretion," Levine said. Woodland Hills, CA (PRWEB) January 13, 2011 "Lenders usually are reluctant to modify a commercial real estate loan for more...

2010-12-22 07:10:00

OCEANSIDE, Calif., Dec. 22, 2010 /PRNewswire/ -- Homeowners are sick and tired of paying on their upside down mortgages while their neighbors and fat cat bankers get bailed out by the Fed. Some are working two jobs just to make ends meet while their mortgage payments go up and some say it feels like their lender is ripping them off. Most need some degree of help and are perfectly capable of working directly with their lender to get the help they need, provided they have a clearly defined...

2010-12-15 08:40:00

NEW YORK, Dec. 15, 2010 /PRNewswire/ -- FreeMortgageFix.com (www.FreeMortgageFix.com) announced today the launch of the first ever free online software for the creation of personalized mortgage modification applications for submission to the users' home mortgage lender under the federal Home Affordable Modification Program (HAMP) and lender specific programs. With over 930,000 properties in the United State in some stage of foreclosure, the HAMP Loan Modification Program was developed as...


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