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Loan Modification

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How many Loan Modifications in 2012

by Eric Baskett August 15, 2012 Latest News

How many Loan Modifications in 2012 The 1st half of 2012 saw more than 385,000 permanent loan modifications for struggling householders, HOPE NOW reported Tuesday. The voluntary, non-public sector coalition of mortgage executives and non-profit counselors released its June 2012 data, showing that 385,468 homeowners received permanent loan modifications for the first half of the [...]

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Does Chase Bank do Loan Modifications and short sales in California?

by Eric Baskett February 10, 2012 Latest News

Chase Bank – Loan Modifications and Short Sales in California. Chase has complete 106,793 Loan Modifications From my understanding….. If your loan modification does get approved the chase employee that helped you does get some sort of bonus.  That is great news. Currently there are 18 Loan modification centers in California. The 2 that are [...]

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FTC Issues Final Rule to Protect Struggling Homeowners from Mortgage Relief Scams

by Eric Baskett October 8, 2011 Foreclosure Short Sale Scams

Homeowners will be protected by a new Federal Trade Commission rule that bans providers of mortgage foreclosure rescue and loan modification services from collecting fees until homeowners have a written offer from their lender or servicer that they decide is acceptable. “At a time when many Americans are struggling to pay their mortgages, peddlers of [...]

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Hamp Loan Modification

by Eric Baskett October 8, 2011 Home Affordable Modification Program (HAMP)

Home Affordable Modification Program (HAMP) If you are having a tough time making your mortgage payments for reasons not related to unemployment, you may qualify for HAMP. HAMP lowers your monthly mortgage payment to 31 percent of your verified monthly gross (pre-tax) income to make your payments more affordable. The typical HAMP modification results in [...]

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Request a Loan Modification Program

by Eric Baskett August 10, 2011 Loan Modification

If you have fallen on hard times and are looking for a way to save you home please take a minute and fill out the form below.  Weather your behind on payments or current, find out today if you would qualify for a loan modification program.

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What does approved short sale mean?

by Eric Baskett July 20, 2011 Loan Modification

What does approved short sale mean? The Bank Approved a sales price.  It can be misleading sometimes and here’s why. When a lender approves a short sale, that approval letter will state both buyers and sellers names and the amount they the bank is willing to accept. That approval comes after the bank has done [...]

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Loan Modification Calculator

Thumbnail image for Loan Modification Calculator by Eric Baskett July 15, 2011 Latest News

Mortgage Calculator

Price of Home
$

Down Payment
 
%

Mortgage Term
 
yrs

Interest Rate
 
%

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Emergency Program for Unemployed

Thumbnail image for Emergency Program for Unemployed by Eric Baskett June 21, 2011 Loan Modification

Eligible homeowners can qualify for an interest free, deferred payment “bridge” loan which pays a portion of their monthly mortgage for up to two years, or up to $50,000, whichever comes first. The program will assist homeowners who have experienced a reduction in income and are at risk of foreclosure due to involuntary unemployment, underemployment, [...]

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Do I Qualify for a Loan Modification

Thumbnail image for Do I Qualify for a Loan Modification by Eric Baskett May 26, 2011 Loan Modification

Here is My Way to tell if you Qualify for a Loan Modification The U.S. Treasury on Monday announced the launch of a Web-based tool that allows homeowners themselves to conduct a net present value (NPV) assessment of their mortgage. As part of a borrower’s evaluation for the Home Affordable Modification Program (HAMP), servicers perform [...]

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I hate being the bearer of bad news!

by Eric Baskett April 12, 2011 Loan Modification

Someone Needs To Honest This last week has been emotionally tough taking to seniors in foreclosure.  I approach everyone with an open mind because I’m there to help them find an alternative to avoid foreclosure.  But the reality is I will be straight forward when I think someone is being taken advantage of by an [...]

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