How will Struggling Homeowners Make-out with out HAMP

The Obama loan modification has expired. This means that homeowners who need to modify their mortgage due to a financial hardship will not have the same support that homeowners in the same situation have benefited from over the last 5 years or so.

California Loan Payment Assistance for Unemployed Homeowners

The state of California has a loan payment help program for unemployed homeowners who meet the basic qualifications for the CA foreclosure prevention assistance programs created with the funds given to the state by the Hardest Hit Fund.

Big Banks Stop Foreclosure Sales

Banks Delay Foreclosures Until Further Notice

Many of the bigger banks are going to stop foreclosure proceedings in all 50 states.

Bank of America Mortgage Help

Bank of America is big. I don’t need to tell you that.

It may not surprise you to hear that they are servicing an enormously large population of mortgages. You may and perhaps most likely have a mortgage with BoA or Country Wide Mortgage which was purchased by, and is now, Bank of America. This enormously large banking and lending institution has its hands full of troubled mortgage loans.

Homeowners need mortgage help with Bank of America home loans. That is a fact, (and an obvious one at that) there is no question or argument about the matter. The real question on everyone’s mind (well at least those of us that have a BoA mortgage) is this…

Stop Foreclosure: Mortgage Refinance

Mortgage Refinance and Stop Foreclosure

The best way for any homeowner to avoid foreclosure is to refinance their mortgage loan and stop foreclosure. Though a mortgage refinance is often in the Homeowners best interest and option to avoid or stop foreclosure it is often the hardest or most difficult of all foreclosure alternatives or methods of foreclosure prevention to obtain. The reason for this is fairly straight forward; homeowners who need to stop foreclosure are usually in some sort of financial distress and not prime lending material in the eyes of lenders.

Foreclosure Sales Drop – 4 Month Trend

The Number of foreclosure sales dropped in november from the month earlier. This is the fourth month in a row that the number of foreclosure ssles have dropped. This is good news…right?