By Loan Union, on February 7th, 2010
According to The Mortgage Bankers Association, a record 5.4 million homeowners in the United States are currently behind on their mortgage payments, as covered recently by The San Francisco Chronicle. As the economy weakens, taking the job market with it, the desperation level of these homeowners continues to grow. That combination makes for . . . → Read More: Detecting and Avoiding Loan Modification Scams
By Loan Union, on February 2nd, 2010
Continuous declines in United States’ housing values after the mid-2000s caused an increasing number of borrowers to explore the loan modification process in an attempt to avoid losing their homes to foreclosure. Unfortunately, a large number of homeowners who sought to have their loans modified were thwarted by lengthy and impersonal negotiation processes . . . → Read More: Home Loan Modifications Explained
By Loan Union, on January 18th, 2010
Struggling home owners are scrambling to get modification loans. In order to increase your chances of approval, you need to know how to fill out the loan modification form correctly! This could mean the difference between saving your home and foreclosure!The first step is to make sure you have everything the lender will . . . → Read More: Loan Modification Form – How to Get Approved
By Loan Union, on January 15th, 2010
It is possible that you are still able to get financial help through a FHA Loan Modification. Several people have chosen this loan scheme and some now have to deal with some very difficult financial situations, some as bad as foreclosure. There are ways to get everything sorted out. With some effort you . . . → Read More: Is a FHA Loan Modification For You?
By Loan Union, on September 27th, 2009
As loan modifications have become more popular, it’s more important than ever to properly inform the public as to what the various elements surrounding loan modifications.Q: Is a loan modification right for me?A: A loan modification can be right for any homeowner who has a steady source of income and who is facing . . . → Read More: Loan Modification Help Center – Frequently Asked Questions
By Loan Union, on September 4th, 2009
Obtaining a home equity loan makes it possible to payoff credit cards, finance a home improvement project, etc. In fact, one of the benefits of homeownership is being able to tap into your home’s equity for large expenses. Many lenders offer great rates on home equity loans and lines of credit. Yet, homeowners . . . &rarr Read More: Poor Credit Home Equity Loans – Avoiding Home Equity Loan Scams
By Loan Union, on July 17th, 2009
Boston Globe Tips to avoid loan modification scams Los Angeles Times The Federal Trade Commission has teamed with local and state authorities in a nationwide crackdown on loan adjustment scams, as reported in the Business … A cease and desist on loan -modification 'help' Baltimore Sun Mortgage Firms Struggle to Redo Hard-Hit Loans Wall Street Journal Californians Face Foreclosure Despite Loan Modifications HULIQ Daily Record (subscription) . . . → Read More: Tips to avoid loan modification scams – Los Angeles Times
By Loan Union, on July 4th, 2009
Los Angeles Times Not Much Relief New York Times In May 2007, a group of banks and loan servicers went to Washington to promise a solution for troubled borrowers. The problem has only gotten worse. … . . . → Read More: Not Much Relief – New York Times
By Loan Union, on July 1st, 2009
With Loan Default, Watergate Hotel at Risk of Foreclosure Washington Post The owners of the 251-room landmark overlooking the Potomac River in Northwest Washington defaulted on a $70 million loan that came due this week, … and more . . . → Read More: With Loan Default, Watergate Hotel at Risk of Foreclosure – Washington Post
By Loan Union, on June 9th, 2009
A home equity loan is that type of home equity mortgage acquired with your home property taken in as collateral. The home equity value is actually the difference between your home’s current market and the amount of mortgage that you owe. People apply for home equity loan for many different reasons. The most common . . . &rarr Read More: Home Equity Loan : Advantages and Disadvantages of Home Equity Mortgage You Must Know
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