Avoid Foreclosure! President Barack Obama's (HAMP) Home Affordable Modification Program is to help up to 9 million people keep their homes from going into foreclosure. Are you one of the thousands not taking advantage of this program? You are not alone if you are feeling the pain from this economy and need some relief with your mortgage payments. A Loan Modification is a permanent change in one or more of the terms of a borrower's loan, it allows the loan to be reinstated, and results in a payment the borrower can afford. We can assist you, just one phone call to find out what your payment reduction could potentially be. No Credit Checks or Upfront fees. Call us now to qualify!
For a free loan modification consultation go to http://www.jdssaysyes.com
Monday, June 21, 2010
Friday, June 11, 2010
Loan Modification Questions
Frequently Asked Questions
Question: In Utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and corporate advances?
Answer: Mortgagee Letter 2008-21 states in part: Legal fees and related foreclosure costs for work actually completed and applicable to the current default episode may be capitalized into the modified principal balance.
Question: Can a mortgagee inlude late charges in the Loan Modification?
Answer: Mortgagee Letter 2008-21 states that accrued late charges should be waived by the mortgagee at the time of the Loan Modification.
Post: Homes & Communities US Department of Housing and Urban Development.
For a free loan modification consultation go to http://www.jdssaysyes.com
Question: In Utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and corporate advances?
Answer: Mortgagee Letter 2008-21 states in part: Legal fees and related foreclosure costs for work actually completed and applicable to the current default episode may be capitalized into the modified principal balance.
Question: Can a mortgagee inlude late charges in the Loan Modification?
Answer: Mortgagee Letter 2008-21 states that accrued late charges should be waived by the mortgagee at the time of the Loan Modification.
Post: Homes & Communities US Department of Housing and Urban Development.
For a free loan modification consultation go to http://www.jdssaysyes.com
Tuesday, June 1, 2010
The Feds protect Foreclosure Victims
Good news has been announced by The American Residential Law Group - new protection rules coming from the federal government for those who are facing foreclosure. Changes have been brought about to HAMP that will be more effective in delivering the goods - preventing eviction and foreclosures. This new kind of protection plan has been initiated by Washington for foreclosure victims. The new plan envisages protection so as to remove confusion and feeling of frustration that homeowners are facing while hunting for financial relief. Some of these home owners have been able to get some help through the HAMP plan. To battle this tendency new practices have been mandated by the federal government with which the lenders would have to comply. The lenders are now expected to complete screening of the homeowners who are at risk from foreclosure to find out if they qualify for the loan modification.
The lenders are now prohibited from foreclosing on any homeowner until the eligibility test has been completed.
Posted in Foreclosure Victims. June 1st, 2010
It takes JDS Loan Modification Center just a few minutes to find out if you qualify for a loan mod. Call us at 630-529-1700
For a free loan modification consultation go to http://www.jdssaysyes.com
The lenders are now prohibited from foreclosing on any homeowner until the eligibility test has been completed.
Posted in Foreclosure Victims. June 1st, 2010
It takes JDS Loan Modification Center just a few minutes to find out if you qualify for a loan mod. Call us at 630-529-1700
For a free loan modification consultation go to http://www.jdssaysyes.com
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