Home Loan Modification Articles Before Christmas
Home loan modification is a hot topic in the housing industry and here are a few good articles I found:
Bank of America Loan Modification Program Says Ineligible Borrowers Causing Low Numbers
There have been number complaints in the news, in reports, and even on our site here at rwbpress.com that all stems from difficulties in dealing with Bank of America and the home loan mortgage modification program. Homeowners are mostly citing that there is a vast amount of ineptitude on Bank of America’s representative’s part and many homeowners are saying they are spending hours on the phone only to be told no one really knows anything about their particular modification or they can’t help.
Bank Of America Defends Performance In Loan-Modification Program
Bank of America Corp. (BAC) is seeking to put its performance in the Obama administration’s loan-modification program in context, saying that it is grappling with a much larger pool of ineligible borrowers than its rivals. While the bank leads all participating mortgage servicers in the number of loan modifications offered to borrowers under the program, it trails other major mortgage servicers in the share of eligible borrowers that has received a trial modification.
Fine print in mortgage modification forms contain booby trap
Signer beware! Turns out the forms homeowners fill out to apply for lower monthly mortgage payments for three months while waiting for more permanent relief contain a potentially lethal booby trap courtesy of the U.S. Treasury Department.
Home Loan Modification – Citigroup to Stop Foreclosures Over Christmas
The home loan modification process is something that is a designed to help homeowners stay in their home and avoid foreclosure. With foreclosure rates so high at the present time Citigroup has decided to suspend foreclosures for the rest of December and the beginning of January. You will not be getting a foreclosure notice over this holiday season so you can enjoy your Christmas.
Loan Modification: Save your home from Foreclosure with Obama’s Stimulus Plan
Around 250,000 homeowners has already availed help to protect their home through a loan modification using the Obamas stimulus program. Do you meet the requirements for a loan workout with your existing lender? If you can’t get eligible for a refinance, be desperate to keep your home and are looking for a way out, a loan workout could be the best alternative for you. The Treasury Department has owed around $75 billion to assist homeowners identical to you to offer help and loan modification programs.
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