A Complete Guide to the Loan Modification Process – Part 2 of 3
www.helpUmodify.org is a not for profit consumer advocacy project helping distressed homeowners avoid the lures of empty promises and predatory tactics of sub-prime modification outfits trying to collect upfront fees for promises of results.
This is the second in a 3 part series that explains the loan modification process from application to acceptance. The purpose of this Complete Guide to the Loan Modification Process is to educate and empower home owners to better understand the process and improve the chances of a favorable outcome
Duration : 0:9:10
Comments
The interest rate …
The interest rate reduction is mandatory and is for the life of the loan.
And after you go …
And after you go through all the paperwork and issues with your lender losing paperwork that you have faxed over. They will deny your loan modification.. That is just the way it is. Obama’s hope for homeowners program wasn’t anything but lip service. He knew that from the beginning. The banks and lenders do not have to work with you and they don’t have to modify your loan.
You would have a …
You would have a challenge getting financing from a lender to buy the home back and it is highly unlikely that if you have the cash to purchase it, that the lender would sell it back to you.
A bank would never approve a short sale for you to buy the home from yourself.
if I am selling my …
if I am selling my house on a shortsale, can I buy it back at the shortsale approved price?
no they dont
no they dont
i know this vid is …
i know this vid is a few months old but does fannie and freddie still require 90 days late to qualify?
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