by Richard from Eustis, Florida USA
Ask Kate for help with mortgage loan modifications! Hi Kate, We've done the paperwork for loan modifications 3 times and keep getting denied. We are currently 2 months behind on our mortgage.
We have until recently had great credit but now since we are unable to keep up with our payments, we now don't. We first tried to refinance before being unable to make payments over a year ago but received no help from the mortgage company.
Now that we're unable to make payments, we receive daily calls from the mortgage company and also have accumulated late fees.
We do not know what to do and are very frustrated. Our mortgage company received help in the form of bail out money but do not care about helping us.
Kate Answers: Mortgage Loan Modifications
After their swift response to bailouts (aka hand outs), there is scant motivation (aka profit) for Big Banks to open their doors to struggling homeowners.
If anyone is clinging to the notion that Big Banks support Joe The Homeowner, glance at these disturbing examples of banking practices gone awry...
Buzz Over Loan Modifications Justified Or Not
If you are like me, you receive several offers for a mortgage modification weekly. These are paid services offering to negotiate on your behalf for a fee.
Catch my review of the best loan modification brochure I have read at Is Mortgage Loan Modification Easy
How To Avoid Foreclosure And More
You'll find an abundance of my hints, tips and answers to loan modifications, HARP and foreclosure dilemmas at Loan Modification, Real Estate Short Sale, Strategic Default, Home Affordable, HAMP and Open Access Questions
When you scroll to the bottom of this page, you'll hit the links to my original article series on how to avoid foreclosure. Although the thought of losing a home is scary, nevertheless foreclosure has become a national epidemic.
If you know someone in danger of foreclosure, tell them about my website. Let's spread the word and do whatever we can to preserve the dream of home ownership for upcoming generations.
Richard, one more thing. I'd like to hear back from you. Let me know if this page was helpful to you. Comment here on Loan Modifications
Or Ask Kate another question here
More Help to Save Your Home
Special Edition Making Home Affordable - 13 options for homeowners struggling with unaffordable house payments.
Loan Modification Ask and Answer - Answers to loan modification, Home Affordable Programs, HARP, and HAMP questions.
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Don't give up. With a little knowledge, you can Stop Mortgage Foreclosure.
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Every homeowner with a Subprime Mortgage needs a long term plan.
Subprime Mortgages - Learn how to transition to traditional mortgage financing.
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