Get Your Copy of "Should I Short Sale My Home" for $8.00 for a limited time
Powered by MaxBlogPress 
Special Offer: Try AdTrakker Real Estate Call Capture & Lead Generation Service FREE for 15 Days!
 Powered by Max Banner Ads 

A Loan Modification is Within Your Reach

Posted By admin on October 5, 2009

Thank you for revisiting you can still subscribe to my RSS feed. As Always Thank You for visiting!

If you are facing foreclosure, you have options.  First you must dismiss the common myths about loan modifications:

The common myths are:

  • One myth is the bank does not want me to keep my home.  The bank does not earn any money if it forecloses on your home so if you are able to make the payments the lender is willing to work with you.
  • Another myth is having bad credit will keep me from qualifying for the loan modification.  Your credit does not preclude you from qualifying for a loan modification.  Your credit score does not influence your loan modification only your ability to pay and the amount of your income influences the decision to modify your loan.
  • Still yet, another myth is I am not late so I don’t qualify.  This statement was true at one time.  However, lenders are willing to renegotiate adjustable rate mortgages to keep the home from going into foreclosure due to the homeowner’s inability to pay the higher adjustable rate mortgage payment.
  • Another myth is walking away and filing bankruptcy is my only option.  Modifying your loan instead of walking away keeps the lender from filing a deficiency judgement against you. 
  • The last myth is it is too late to do a loan modification.  A loan modification can be done right up to the sheriff’s sale as long as you can prove you have the income and the ability to repay the loan.

Contact your lender today and asked for the loss and mitigation department to begin your re-negotiation of your loan.

Other Reading

In another post I answered that question What a Loan Modification .  

Next you may want to read about Loan Modification with Indy Mac Is Made Simple.  This post explains Indy Mac’s loan modification program and how you qualify for it.

Originally posted 2009-04-10 11:00:44. Republished by Blog Post Promoter


Taylor-Brown's Related Post s' Related Posts
  • How to Qualify to Buy Your First Home in Today's Market The mortgage arena has changes a lot in the last two years, but there are tips that will help you achieve the American Dream of homeownership. Learn the terms for both mortgages and real estate Understand the cost involved in getting a mortgage Check your credit before applying for the......
  • Loan Modification is Easier Than You Think Did you know that you can qualify for a loan modification if you have any of the below hardships: • Divorce • Death of spouse • Behind on mortgage payment • Adjustable rate mortgage • Interest rate above 7% • Imprisonment • Loss of wages • Medical condition • Balloon......
  • There Is Hope For You If You Have Bad Credit in Getting a Mortgage Has mortgage lending freed up? The answer is a resounding, no.   At the end of 2008, banks, consumers, buyers, and sellers found themselves wondering if they could buy or sell real estate.   I, too, had several clients that could not close their deals due to the credit tighten.......
  • Bad Credit Does Not Have to Stop You From Getting Your Next Home [caption id="" align="alignleft" width="144" caption="Image by Casey Serin via Flickr"][/caption] Have you imagine unlocking the door to your new home, but are afraid to try for that home due to bad credit? Stop imagine, and give your credit and you a chance.   Advantage Mortgage offers the loan that will meet......
  • Get Your Powerful Copy of The New Rules for Mortgages Today [caption id="" align="alignright" width="168" caption="Image by Rev Dan Catt via Flickr"][/caption] I was honored recently with reviewing the book, The News Rules for Mortgages.   This book was written by Dale Robyn Siegel.  Dale Siegel is a renowned attorney and current president of Circle Mortgage Group in White Plains, NY.......
Related Websites

About the author

admin

Serena Brown is broker and owner of Taylor-Brown Real Estate. She is the author of this blog. She has also co-authored a book entitled Should I Short Sale My Home. She has authored a e-book How to Sell My Home. She will be authoring a book on real estate investing by April of 2010 and several reports. She has dual degrees in Business Administration and Electronic Engineering Technology. She prides herself on being up to date on all trends, news, and education related to real estate to include short sale, loan modification, etc. She also makes sure her clients are abreast of how these changes will affect them financial. Therefore, stay tuned for great information in 2010.

Comments

145 Responses to “A Loan Modification is Within Your Reach”


  1. [...] Original post: » A Loan Modification is Within Your Reach [...]


  2. [...] See the rest here: » A Loan Modification is Within Your Reach [...]


  3. [...] Read the rest here: » A Loan Modification is Within Your Reach [...]


  4. [...] Continued here:  » A Loan Modification is Within Your Reach [...]


  5. [...] » A Loan Modification is Within Your Reach [...]


  6. [...] » A Loan Modification is Within Your Reach [...]


  7. [...] » A Loan Modification is Within Your Reach [...]


  8. [...] » A Loan Modification is Within Your Reach [...]


  9. [...] » A Loan Modification is Within Your Reach [...]


  10. [...] » A Loan Modification is Within Your Reach [...]


  11. [...] » A Loan Modification is Within Your Reach [...]


  12. [...] » A Loan Modification is Within Your Reach [...]


  13. Nice site! Thanks for the great post


  14. Among those myths you’ve mentioned I think the most common misconception is that banks and lenders don’t want people to keep their homes. It’s not true. However, the fake ones in a way don’t really give a damn if a person/family loses their house. I hope these fraud companies finally go six feet below so these myths won’t come about again.

    Imee’s last blog post..Biden, Vilsack Announce Affordable Housing Grants Under Obama’s Housing Plan


  15. [...] » A Loan Modification is Within Your Reach [...]


  16. [...] » A Loan Modification is Within Your Reach [...]


  17. [...] » A Loan Modification is Within Your Reach [...]


  18. [...] » A Loan Modification is Within Your Reach [...]


  19. If I do a loan modification, which I am, they said that some people dont make any house payments during this time because the loan is in debt. It that correct?


  20. [...] » A Loan Modification is Within Your Reach [...]


  21. [...] » A Loan Modification is Within Your Reach [...]


  22. [...] » A Loan Modification is Within Your Reach [...]


  23. [...] » A Loan Modification is Within Your Reach [...]


  24. [...] » A Loan Modification is Within Your Reach [...]


  25. [...] » A Loan Modification is Within Your Reach [...]


  26. [...] » A Loan Modification is Within Your Reach [...]


  27. [...] » A Loan Modification is Within Your Reach [...]


  28. [...] » A Loan Modification is Within Your Reach [...]


  29. [...] » A Loan Modification is Within Your Reach [...]


  30. [...] » A Loan Modification is Within Your Reach [...]


  31. [...] » A Loan Modification is Within Your Reach [...]


  32. [...] » A Loan Modification is Within Your Reach [...]


  33. [...] » A Loan Modification is Within Your Reach [...]


  34. [...] » A Loan Modification is Within Your Reach [...]


  35. [...] » A Loan Modification is Within Your Reach [...]


  36. [...] » A Loan Modification is Within Your Reach [...]


  37. [...] » A Loan Modification is Within Your Reach [...]


  38. [...] » A Loan Modification is Within Your Reach [...]


  39. [...] » A Loan Modification is Within Your Reach [...]


  40. [...] » A Loan Modification is Within Your Reach [...]


  41. [...] » A Loan Modification is Within Your Reach [...]


  42. [...] » A Loan Modification is Within Your Reach [...]


  43. [...] » A Loan Modification is Within Your Reach [...]


  44. [...] » A Loan Modification is Within Your Reach [...]


  45. [...] » A Loan Modification is Within Your Reach [...]


  46. [...] » A Loan Modification is Within Your Reach [...]


  47. [...] » A Loan Modification is Within Your Reach [...]


  48. [...] » A Loan Modification is Within Your Reach [...]


  49. [...] » A Loan Modification is Within Your Reach [...]


  50. [...] » A Loan Modification is Within Your Reach [...]


  51. [...] » A Loan Modification is Within Your Reach [...]


  52. [...] » A Loan Modification is Within Your Reach [...]


  53. [...] » A Loan Modification is Within Your Reach [...]


  54. [...] » A Loan Modification is Within Your Reach [...]


  55. [...] » A Loan Modification is Within Your Reach [...]


  56. [...] » A Loan Modification is Within Your Reach [...]


  57. [...] » A Loan Modification is Within Your Reach [...]


  58. [...] » A Loan Modification is Within Your Reach [...]


  59. [...] » A Loan Modification is Within Your Reach [...]


  60. [...] » A Loan Modification is Within Your Reach [...]


  61. [...] » A Loan Modification is Within Your Reach [...]


  62. [...] » A Loan Modification is Within Your Reach [...]


  63. [...] » A Loan Modification is Within Your Reach [...]


  64. [...] » A Loan Modification is Within Your Reach [...]


  65. [...] » A Loan Modification is Within Your Reach [...]


  66. [...] » A Loan Modification is Within Your Reach [...]


  67. [...] » A Loan Modification is Within Your Reach [...]


  68. [...] » A Loan Modification is Within Your Reach [...]


  69. [...] » A Loan Modification is Within Your Reach [...]


  70. [...] » A Loan Modification is Within Your Reach [...]


  71. [...] » A Loan Modification is Within Your Reach [...]


  72. Really cool blog. I found it on yahoo. I am looking forward to read more posts.


  73. [...] » A Loan Modification is Within Your Reach [...]


  74. [...] » A Loan Modification is Within Your Reach [...]


  75. [...] » A Loan Modification is Within Your Reach [...]


  76. [...] » A Loan Modification is Within Your Reach [...]


  77. [...] » A Loan Modification is Within Your Reach [...]


  78. [...] » A Loan Modification is Within Your Reach [...]


  79. [...] » A Loan Modification is Within Your Reach [...]


  80. [...] » A Loan Modification is Within Your Reach [...]


  81. [...] » A Loan Modification is Within Your Reach [...]


  82. [...] » A Loan Modification is Within Your Reach [...]


  83. [...] » A Loan Modification is Within Your Reach [...]


  84. [...] » A Loan Modification is Within Your Reach [...]


  85. [...] » A Loan Modification is Within Your Reach [...]


  86. [...] » A Loan Modification is Within Your Reach [...]


  87. [...] » A Loan Modification is Within Your Reach [...]


  88. [...] » A Loan Modification is Within Your Reach [...]


  89. [...] » A Loan Modification is Within Your Reach [...]


  90. [...] » A Loan Modification is Within Your Reach [...]


  91. [...] » A Loan Modification is Within Your Reach [...]


  92. [...] » A Loan Modification is Within Your Reach [...]


  93. [...] » A Loan Modification is Within Your Reach [...]


  94. [...] » A Loan Modification is Within Your Reach [...]


  95. [...] » A Loan Modification is Within Your Reach [...]


  96. [...] » A Loan Modification is Within Your Reach [...]


  97. [...] » A Loan Modification is Within Your Reach [...]


  98. [...] » A Loan Modification is Within Your Reach [...]


  99. [...] » A Loan Modification is Within Your Reach [...]


  100. [...] » A Loan Modification is Within Your Reach [...]


  101. [...] » A Loan Modification is Within Your Reach [...]


  102. [...] » A Loan Modification is Within Your Reach [...]


  103. [...] » A Loan Modification is Within Your Reach [...]


  104. [...] » A Loan Modification is Within Your Reach [...]


  105. [...] » A Loan Modification is Within Your Reach [...]


  106. [...] » A Loan Modification is Within Your Reach [...]


  107. [...] » A Loan Modification is Within Your Reach [...]


  108. [...] » A Loan Modification is Within Your Reach [...]


  109. [...] » A Loan Modification is Within Your Reach [...]


  110. [...] » A Loan Modification is Within Your Reach [...]


  111. [...] » A Loan Modification is Within Your Reach [...]


  112. [...] » A Loan Modification is Within Your Reach [...]


  113. [...] » A Loan Modification is Within Your Reach [...]


  114. [...] » A Loan Modification is Within Your Reach [...]


  115. [...] » A Loan Modification is Within Your Reach [...]


  116. [...] » A Loan Modification is Within Your Reach [...]


  117. [...] » A Loan Modification is Within Your Reach [...]


  118. [...] » A Loan Modification is Within Your Reach [...]


  119. [...] » A Loan Modification is Within Your Reach [...]


  120. [...] » A Loan Modification is Within Your Reach [...]


  121. I found your blog on google and read a few of your other posts. I just added you to my Google News Reader. Keep up the good work. Look forward to reading more from you in the future.


  122. [...] » A Loan Modification is Within Your Reach [...]


  123. [...] » A Loan Modification is Within Your Reach [...]


  124. [...] » A Loan Modification is Within Your Reach [...]


  125. [...] » A Loan Modification is Within Your Reach [...]


  126. [...] » A Loan Modification is Within Your Reach [...]


  127. [...] » A Loan Modification is Within Your Reach [...]


  128. [...] A Loan Modification is Within Your Reach in This Market Social Bookmarking Taylor-Brown’s Related Post s’ Related Posts [...]


  129. [...] » A Loan Modification is Within Your Reach Share and Enjoy: [...]


  130. [...] » A Loan Modification is Within Your Reach Share and Enjoy: [...]


  131. [...] » A Loan Modification is Within Your Reach [...]


  132. how to fix your credit…

    In today’ s struggling economy, a good credit score is more important than ever. A credit score that was good enough to get a loan in the past may not cut it as easily today. Creditors are tightening the reins on lending, while credit scores are incr…


  133. credit repair service…

    “In my opinion one of the biggest problems with our credit crunch and high foreclosure rate is bank reliance on FICO scores. FICO scores do a good job of reporting an individuals past history of repayment of debt. The biggest problem is the scores do…


  134. [...] » A Loan Modification is Within Your Reach [...]


  135. [...] » A Loan Modification is Within Your Reach [...]


  136. [...] » A Loan Modification is Within Your Reach [...]


  137. [...] » A Loan Modification is Within Your Reach [...]


  138. [...] » A Loan Modification is Within Your Reach [...]


  139. [...] » A Loan Modification is Within Your Reach [...]


  140. [...] » A Loan Modification is Within Your Reach [...]


  141. [...] » A Loan Modification is Within Your Reach [...]


  142. [...] » A Loan Modification is Within Your Reach [...]


  143. [...] » A Loan Modification is Within Your Reach [...]


  144. [...] » A Loan Modification is Within Your Reach Share and Enjoy: [...]


  145. Thank you! Still an additional exceptional article, it’s the reason why My spouse and I come to all your web log quite often!

    SAMMY

Leave a Reply

Free Advertising


www.netspend.com
www.naca.com
Facebook Login
www.ncesc.com
Oil Of Olay Coupons


 Powered by Max Banner Ads 

"Welcome to Taylor-Brown Real Estate Talks"

Taylor-Brown Real Estate Talks' goal is to empower the consumer with education about real estate, insurance, and mortgage trends, news, terms, etc., so that the consumer can achieve financial wealth through listing and selling real estate.


About the author

admin

Serena Brown is broker and owner of Taylor-Brown Real Estate. She is the author of this blog. She has also co-authored a book entitled Should I Short Sale My Home. She has authored a e-book How to Sell My Home. She will be authoring a book on real estate investing by April of 2010 and several reports. She has dual degrees in Business Administration and Electronic Engineering Technology. She prides herself on being up to date on all trends, news, and education related to real estate to include short sale, loan modification, etc. She also makes sure her clients are abreast of how these changes will affect them financial. Therefore, stay tuned for great information in 2010.

© 2008-2010 Taylor-Brown Real Estate Talks All Rights Reserved -- Copyright notice by Blog Copyright