How to Expedite the Loan Modification Process

The loan modification process typically takes 30 to 90 days, depending mostly on your lender. The loan modification timeline, however, is not set in stone. The more complex your situation, the longer the process takes. Borrowers with a lot of collateral issues can see their loans take longer than what has become the typical 30- to 90-day timeframe.

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Short Sales are Becoming Increasingly Common

Short sales are becoming increasingly common in today’s Real Estate market due to falling selling prices in combination with a large number of homes that were financed using a low money down or a no money down mortgage. So what is a short sale? A short sale is when a home is priced below what the … Continue reading Short Sales are Becoming Increasingly Common

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What to do About Out of Control Mortgage Payments

As the news of record foreclosures rates continues to bombard us what can someone do to avoid becoming one of those statistics? Thousands of homeowners are struggling to make growing payments on adjustable rate mortgages. One possible solution is loan modification. Loan modification allows borrowers to renegotiate the terms of their current mortgage rather than refinancing. In many cases … Continue reading What to do About Out of Control Mortgage Payments

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