A Short Sale will lower your credit score
A short sale may sound better than a foreclosure but it may impact your credit scores by as much 160 points just like a foreclosure.
Foreclosure Help
The National Mortgage Settlement can help distressed homeowners
In February 2012, a joint effort by the Department of… Read More »The National Mortgage Settlement can help distressed homeowners
Deed-in-Lieu of Foreclosure
A deed in lieu of foreclosure allows you to return your home to the lender, without having to go through a formal foreclosure proceeding.
A Short Sale is an alternative to Foreclosure
Get your lender to agree to a short sale instead of foreclosure it may save your credit from taking a huge negative hit.
Making Home Affordable Modification Program
The Obama Administration’s Making Home Affordable Modification Program was introduced in March 2009. The Program is to address the foreclosure crisis.
Mortgage Forbearance
Defaulted homeowners can agree to bring their mortgage current over a period of time by paying an increased amount with a mortgage forbearance agreement.
Tips for writing a loan modification hardship letter
The hardship letter is a written explanation of an event which caused you to default on your mortgage
How to request a loan modification
A mortgage loan modification also referred to as a workout or restructure plan permanently changes the terms of the original mortgage note.