Tag Archives: loan modification

The Rich are More Likely to Default on Mortgages

Posted on July 11, 2010 by Alison Moss

Recent research shows that 1 in 7 American with home loans of more than $1,000,000 have missed 3 consecutive mortgage payments. According to marketplace.org only 1 in 12 of home owners with loans less than $1,000,000 are in seriously deliquent. … Continue reading →

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New Home Affordable Foreclosure Alternatives Program Rules Impact Cincinnati Real Estate Market

Posted on May 11, 2010 by DetonateCreative

The Federal Government has recently implemented another program designed to assist home owners in financial trouble. The government has already rolled out the Making Homes Affordable Modification Program (HAMP) designed to help homeowners modify their mortgages. The new Home Affordable … Continue reading →

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Home Loan Modifications Impact Credit Scores in the Cincinnati Real Estate Market

Posted on January 21, 2010 by Alison Moss

The Making Homes Affordable program is designed to help individuals restructure their mortgages with their lenders. In lowering the monthly payments through renegotiating the terms of the loan, more people are able to avoid short sale and foreclosure situations. One … Continue reading →

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Federal Government Exerts Pressure on Lenders to Modify Mortgages

Posted on December 1, 2009 by DetonateCreative

The Federal Government is looking to increase pressure on many mortgage lenders and banks to follow through with the loan modification that began under the ‘Making Homes Affordable Program’. In the program borrowers renegotiate their monthly payments to a lower level … Continue reading →

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Making Home Affordable Program

Posted on June 16, 2009 by Alison Moss

Cincinnati homeowners and homeowners around the U.S. need to be aware of the following information if they are looking to refinance and are having difficulty getting approved. There are options for refinance and loan modifications mandated by the federal government. … Continue reading →

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Cincinnati Real Estate: Options for Delinquent Homeowners

Posted on April 21, 2009 by randalcmoss

Today I went to Comey & Shepherd’s quarterly meeting and learned a significant amount about how to assist delinquent homeowners who are behind on their mortgage payments. Since this is such a confusing topic I hope this clarifies the information … Continue reading →

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