From the monthly archives:

October 2009

Choosing a professional: Should I pay for assistance?

October 21, 2009

The housing crisis and ensuing recession have created an unprecedented demand for assistance as homeowners across the economic spectrum struggle to maintain their mortgage payments.  Federal and State agencies have mobilized a massive effort to provide additional funding and resources in an attempt to backstop approved counseling agencies as they strain to accommodate requests for assistance.
These [...]

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Do Loan Modifications Really Help to Preserve Home Values?

October 20, 2009

Loan modifications can do a lot to help our housing market recover but it’s really not enough.  You see, loan modifications, at least the ones that actually improve someone’s situation, are typically best for those that are delinquent and can’t afford their existing mortgage payment.  Unfortunately, there aren’t a lot of good programs out there [...]

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Is Your Bank Really There to Help With Your Loan Modification?

October 12, 2009

I’ve been doing loan modifications for quite some time now.  During this time I’ve had several clients tell me that their mortgage company is going to help them complete the loan modification.  Every time I hear this, I cringe because I know what they are about to go through and I know what the end [...]

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Forbes quotes Loan Workout Specialist that says “Go delinquent to get a loan modification!”

October 6, 2009

Click here to read the article in its entirety.
When I read an article like this It kind of makes my stomach turn.  Not because the information is incorrect, but because there is missing information.  I’ve never encouraged any of my clients to go delinquent on their mortgage to get help.  With that being said, sometimes [...]

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Mortgage Modification takes to the air

October 1, 2009

Recently, Michigan Mortgage Modification LLC, began running a series of radio spots on country station 106.7 The Fox in the Metro Detroit market.Â
According to co-founder Trevor Sines, the idea behind the radio campaign was to raise awareness and “start a conversation” about the housing crisis in Michigan.Â
“If you live in Michigan, it is no secret [...]

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