Loan Modifications

by Richard
(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.

Richard continues... 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

Dear Richard,

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...

• Foreclosure System Riddled with Faked Documents


• How 2 Pro Bono Lawyers Uncovered Robo-Signer, Halting Foreclosures in 23 States

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.

Best wishes,

More Help To SAVE Your Home

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When promises to Sell Your House seem too good to be true, remember this fact. It is possible to sell a house and remain legally obligated on the mortgage. Find out more here.

A limited offer, Mortgage Debt Relief provided help for homeowners subject to additional income taxes.

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How to take advantage of the current mortgage crisis to Stop Foreclosure. Learn from Donald Trump about negotiating a better deal.

Subprime Mortgage Loans fulfilled an important role in America by increasing homeownership but eventually they created a trap for home owners.

You are invited to discover why every homeowner with a Subprime Mortgage needs a long term plan.

Subprime Mortgages - Here is a long term plan I used to help homeowners transition to traditional mortgage financing.

Ask Kate About Loan Modification - Ask a question, get an answer from Kate.

Loan Modification Ask and Answer - A collection of questions regarding loan modification, Home Affordable Programs, HARP and HAMP, each with a individual answer from Kate.

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