Showing posts with label loan modifications. Show all posts
Showing posts with label loan modifications. Show all posts
Applied Service Group and Brij Capital merge forces
FOR IMMEDIATE RELEASE March
25, 2013
(New York, NY) With the
growing number of property owners with commercial buildings falling into
default because of the economy, prices are currently 42% below the 2007-2008
peak. The principals of Applied Service Group and Brij Capital have combined
their efforts to assist these owners through various loan resolutions.
Q & A: What are the Main Forms I need for a Loan Mod or Short Sale
Answer: If you are completing a do it yourself loan modification or short sale, here are the up to date forms you will need....
Q & A: Loan Mod or Short Sale!?!
Answer: If you find yourself still in a financial bind even after doing a loan modification, it may make sense to do a short sale if your mortgage is underwater. In many cases you may qualify for up to $10,000 in relocation fees from your lender.
Don't go into a Gun Battle with a Butter Knife (Part 2)
If your like millions of Americans still trying to get a loan modification, you can identify with the frustrations of your lender losing documentation and not returning phone calls. Unfortunately your bank is not your friend and you have to fight to get the best terms for your modification.In a previous post, click here to read, I showed you how to properly package your documents and get it into the right hands at your lender to get you modified. Without getting your loan modification submitted correctly in the first place, you will join the legions of thousands of homeowners running around in a circle.
Loan Mod Q & A..What to do if Unemployed?
Answer - Last year many of the major lenders and servicers teamed up with the government to institute a Mortgage Forebearance Program for homeowners falling back into distress in this economy.
Five Easy Steps to Modifying Your Loan
A Smart Short Sale Guide for Dummies Part #1
A Short Sale is a
process during a pre-foreclosure procedure, whereby the bank will accept a
lower percentage amount of the face of the loan, as well as deduct the interest and penalties, due to the financial hardship
of the homeowner.
Why Banks are Finally Finishing their Loan Mods?
There are some other facts that explain why lenders are actually in favor of working with borrowers and their legal specialists in order to negotiate equitable loan modifications.
Beware of these Pitfalls When about to do a Short Sale!
You can represent
the seller or homeowner in distressed situations like this one, as long as you
are purchasing the property yourself. The main thing you need to do is ask
yourself these questions.
We Answer Your Tough Loan Modification Questions
In simplest terms, a loan modification restructures the terms of a loan without actually refinancing the property it secures. Investopia defines a loan modification as an agreement between the lender and the borrower which stipulates a long term relief from untenable loan terms. Modification of a loan applies to the terms governing the interest rate, the amount of the monthly payment, and in some cases also the length of the loan.
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