Peter Collins is the nation's leading authority on foreclosure prevention strategies and loan modification solutions. His firm the Loan Modification Netwokr helps thousands on homeowners facing financial hardship. Call 1-877-840-6637 for a free, no obligation consultation with a housing counselor.
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March 2009
Mar. 31, 2009
Categorized in: Loss Mitigation
Lenders seeking to reduce their costs of foreclosures should consider the old axiom: You catch more flies with honey than you do with vinegar.
Mar. 22, 2009
If you are having difficulty making your mortgage payments, one of the most important things you can do is be proactive. Review the terms and conditions of your mortgage, learn about the foreclosure process for residents in your state and what may lead up
Mar. 20, 2009
Categorized in: Save My Home
Make one of these mistakes and you may end up losing your home and a lot more
Mar. 18, 2009
Categorized in: Loss Mitigation
The House is set to approve the most controversial plank in President Barack Obama's housing rescue plan, a measure to let bankruptcy judges rewrite mortgages to lower homeowners' monthly payments. The measure amounts to a potent stick to go with the many
Mar. 16, 2009
President Barack Obama's new mortgage relief plan, unveiled recently, aims to help up to 9 million borrowers qualify for more affordable mortgages and stay in their homes. Still however, the million dollar question continues to linger in the minds of many
Mar. 14, 2009
The following loan modification glossary terms could help you save your home. There are more laws to protect you (the consumer) than you may think.
Mar. 12, 2009
A loan modification will lower your house payment by changing one or more terms of the mortgage agreement. By changing the terms the monthly payment will become more affordable. This will allow you to make your mortgage payment each month and it will also
Mar. 9, 2009
Analysts agree that the banks have a financial interest in modifying loans of the unemployed but not all mortgage lenders will do so.
Mar. 7, 2009
Categorized in: Loss Mitigation
This proposal is designed to promote wider adoption of such a systematic loan modification program: by paying servicers $1,000 to cover expenses for each loan modified according to the required standards; and sharing up to 50% of losses incurred if a modi
Mar. 4, 2009
Today the U.S. Treasury Dept. is expected to begin implementing the Obama Administration’s $75 billion, Homeowner Affordability and Stability Plan.
Mar. 3, 2009
The Attorney General also offered the following tips to identify and avoid a potential foreclosure rescue scam.
Mar. 2, 2009
The common perception of the average consumer is that my lender does not want to take the loss by foreclosing on my property and that they want to work with me if I need financial help in modifying my loan. In most cases, nothing could be further from the
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