Mortgage Loan Modification Program in Full Swing
Government program helps
The federal government launched its foreclosure prevention plan in March, and since then Chase Morgan, the servicing side of JP Morgan Chase, alone has modified 15,000 loans.
One man from Ohio had his payments lowered from $1,200 per month to $725 per month, according to CNN Money.
Who is mortgage [...]
More Signs of Mortgage Aid, Foreclosure Rescue Scams
Con artists adapt to savvy public
The FBI and the general public are aware of several mortgage aid scams that con artists tried to conduct during the beginning of the housing crisis. The White House posts warnings against many of these at makinghomeaffordable.gov, the federal Foreclosure Prevention Plan Web site.
But, of [...]
Time is of the Essence | Loan Modification Part 8
Timelines for federal aid
You should have a pretty good idea by now of whether you are eligible for Loan Modification or Refinancing through the federal foreclosure prevention plan. So, do you need to start filling out your paperwork right now?
In short, the best answer is “yes.” If you are struggling [...]
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