Round 2 of Loan Modifications and Short Sales

Round 2 of Loan Modifications and Short Sales If we go back and look at the bulk of the loans that were either paid short in a short sale or modified by a HAMP or HAMP-like loan modifications, their vintage was 2005 to 2007. What this means is that loan modifications that fixed some aspect of affordability back in 2008 through 2011 are going to be resetting in 2015. Most HAMP loan mods or … [Read more...]

Arizona Loan Modifications: 7 Things You Want To Know

Thinking about getting a loan modification done here in Arizona? You are not alone. Many homeowners here in Arizona have found that their property values have plummeted in the last few years and now find themselves in a situation where they owe more on their home than it is worth and may (or may not) be having trouble making the payments. Some of you have watched the improving values from the … [Read more...]