Complete List of Loss Mitigation Departments
The first step to avoiding foreclosure with your lender, is to contact them to work out a repayment plan. Most lenders do not want to lose money on the property by foreclosing. Being proactive and aggressively exploring all options could help you avoid foreclosure. The time is ticking quickly, so it’s important to act quickly. [...]
Don’t Give Up On Your House in Foreclosure
If you find that you are on the edge of foreclosure, what should you do? You should resist the urge to freeze up and do nothing. You should face the issue on hand and prepare by making phone calls and finding some aid. Don’t assume that it is too late to act. As long as [...]
Foreclosure Prevention Act of 2008
Last April the Senate proposed legislation to prevent foreclosure from happening so quickly. Here are some benefits of the Act: FHA Modernization – Ensures that more families can access the FHA program which provides safe, fixed-rate mortgages. The FHA loan limit under this bill is increased from 95% to 100% of median home prices with [...]
