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Legal Mortgage Modification programs in MN
NEWS FLASH: We are legal and compliant in the State of Minnesota / MN and very proud to be helping the “Land O’ Lakes”. Recent data shows an up-trend in recen foreclosure activity in MN, and we are excited to be providing our espertise there. The primary Lenders we are seeing with troubled loans in [...]
Citibank / CitiFinancial First Mortgage, TILA violatons
Bait and Switch: Have you ever been quoted a lower interest rate during the initial application phase, only to be given a much higher rate at document signing? One of our recent clients originated a First Mortgage with Citibank in September, 2008 and (because of duress and need). It appears that certain branches in the [...]
Successful Loan Modification with Wells Fargo!
For another Las Vegas / Clark County Nevada Borrower…We just received verbal notification of an APPROVED Wells Fargo loan modification under their HAMP program, which is Wells Fargo’s application of the Obama Plan / Making Home Affordable Act (MHA). Her program is 2 7/8% for 5 Years, 3 7/8% for the 6th Year, then 4 7/8% [...]
Tell Your Lender to “Produce The Note”
Make Your Lender “Produce The Note”
Is your Mortgage Lender / Servicer working with you in Good Faith to modify your loan? Or are they giving you “Lip Service” about modifying your loan while simultaneously planning their “Surprise Attack”…as they prepare foreclosure plans on your home? As you may know, up to 40% of the Lenders [...]
Foreclosure Madness: Wells Fargo Sues Itself to Speed Up Foreclosures
We like to keep an eye out for the latest trends on foreclosure and foreclosure sales. Wells Fargo is using an innovative legal strategy when it holds BOTH the First Mortgage and the Second Mortgage. Their corporation that owns the SECOND LOAN sues the corporation that owns the FIRST MORTGAGE. This is another example of [...]
Wells Fargo / Loan Modification Program / “HAMP”
WELLS FARGO INFORMATION PAGE
Wells Fargo accepted TARP Funds from the Government, so NOW WHAT? The bank is getting paid by the Treasury Department for every loan they modify under the new Federal plan, so they are really motivated to help you.
Good news for struggling homeowners as Wells Fargo is accepting applications for loan modifications [...]
Bank of America Loan Modification Programs
Here are some of the latest program details from our recent conversations with the Loss Mitigation Department at Bank of America. Fast Track Program: Usually applied to home mortgages requiring “Immediate Attention” to help the Investor (owner of the loan) and Borrower save the home from foreclosure. Often applied to loans that are [...]
Las Vegas Loan Modification / Aurora Loan Services
Ferguson Financial / 1st Financial Nationwide just received notification of another successful loan modification under the Making Home Affordable (MHA) Act. The offer translated into roughly 1.675% per year for 5 years, converting to 5.5% per year for the life of the loan. Borrowers will save approximately $725 per month, which is badly needed. This loan was [...]
What Will My Payment Be? / Projected Payments
Many of our clients have been asking about projected payments. “How much will I be paying if I am approved for a Loan Mod?”. Here is what we can tell you. While only the “Investor” (Owner) of your loan can make the Loan Modification final offer, we can tell you from experience that the typical [...]