Modification is Not for Every Borrower according to a Treasury Adviser

February 3, 2010 By admin 2 Comments

Two questions borrowers frequently ask us, “How did my neighbor get into HAMP (and/or get a loan modification) but I can’t? “Do I have to be delinquent to get a workout plan?” The best answers typically are: The secret Black Box recipe may not mix well with your situation (read more here on this) because [...]

Filed Under: Blog for Homeowners Tagged With: Amherst Securities, Chase, FHA, HAMP, Loan Modification, mortgage insurance, short sales, Treasury

Second wave of foreclosures looming

November 19, 2009 By BankSlayer Leave a Comment

As reported by Stephanie Armour in USA Today, the next wave is poised to roll in, potentially undermining housing recovery efforts as more homes add to the glut of inventory and drive down prices. These homes largely represent loans that are delinquent but have not yet resulted in foreclosure sales. About 7 million properties are [...]

Filed Under: Blog for Homeowners Tagged With: Amherst Securities, Asset write-downs, forensic audit, Jumana Bauwens, letters of declining value, Loss Mitigation Company, Moratoriums, mortgage audit, retro appraisal, Stephanie Armour, Texas Foreclosure Law, Texas Foreclosure Procedure, USA Today