Are Loan Modifications Working?

In most aspects in life, we typically ask, “is it working?” and when it comes to loan modifications, that question is asked often. Loan modifications can work if you and the lender can come to agreeable terms. A loan modification is to modify your mortgage payment to a more affordable level. In a loan modification, […]

Principal Reduction and the Robo-Signing Settlement: What is Occurring?

Because of the National Mortgage Settlement, signed in February of 2012, homeowners may owe less on their mortgages than they once did. This settlement was the result of the robo-signing scandal that provided evidence that banks were processing foreclosures too quickly without examining the associated paperwork. Because of the settlement, $20 billion dollars has been […]