If you are considering a Short Sale or even a Foreclosure, you should first consider a Loan Modification.
A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.
Click on the links to obtain further information on Loan Modification
Chase, WaMu, EMC (J.P. Morgan Chase corporate owner) contact information for their Mortgage Modification Programs. Accessed through bankrate.com
IndyMac Federal Bank Contact Information for their Mortgage Modifications. Accessed through Bankrate.com
Countrywide Home Loans Contact information for their Mortgage Modifications through Bankrate.com
CitiMortgage Contact information for their Mortgage Modifications through Bankrate.com
What is Loan Modification?
Loan Modification Help 1
Loan Modification FAQs from HUD
Warning Signs of Foreclosure
Identifying Legitimate Credit Counselors is extremely important. Do you research, a disreputable counselor can do more harm than good.
From Freddie Mac - follow these steps early to avoid foreclosure
Facing a foreclosure is a scary thing, but there are things you should do – and shouldn't do – to avoid making the situation worse. This helpful information is from Fredie Mac.
Unfortunately, when dealing with foreclosure not all mortgage lenders or credit repair companies have your best interest in mind. Beware of predatory lending traps. Information from Feddie Mac.
With the recent rise in foreclosures, foreclosure-related scams have exploded onto the real estate scene. These so-called “foreclosure rescue companies” claim they will help save your home, but in reality are out to make a profit -- at your expense.
