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. Continue reading
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… Continue reading
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. Continue reading
I have an announcement of foreclosure hope
There is help out there for homeowners. There is an organization that is both affordable and effective, which in their line of business is very rare. Continue reading