FreeDIYkits Loan Modification Blog

Atty. Gen. Jerry Brown orders nearly 400 companies to post $100,000 bonds and register with his office or risk prosecution. More than two dozen firms are told to defend their loan modification ads.

SCOTTSDALE, Ariz.–(BUSINESS WIRE)–Homeowners across the U.S. are engaged in the “perfect storm”. Thrashed about by declining home values, hit with increasing adjustable rates, losing financial balance via changes in employment and devalued investments, homeowners today could easily feel there’s nowhere to turn. How do they steer a boat that is totally out of control? Many believe Loan Modification is the answer to the storm: today’s onslaught of economic hardship.

I received a very welcome comment to my post
on Loan Modifications and the HOPE program. The commenter agreed that banks are not moving fast enough, but he/she also included a link to a website that has some great information, and suggestions about how to push your bank to process your request for a modification. Did you know there is a schedule you should follow for the best results?

Lenders have modified more than 235,000 mortgages under an Obama Administration program, but the first half of 2009 saw 1.8 million foreclosures