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Category Archives: foreclosure
New Jersey leads the nation in foreclosure activity
While the rest of the country is recovering from the mortgage crisis, New Jersey is lagging behind. More and more homes are going into foreclosure while those already in the process languish. If you, or someone you know, is caught … Continue reading
Bankruptcy may not solve your foreclosure problems!
I am seeing a disturbing trend lately. Banks are NOT foreclosing! Oh, they begin foreclosure proceedings, but them they just sit back and wait. What they are waiting for is a mystery, for the market to improve, for homeowners to … Continue reading
Refinance or Loan Modification – What’s The Difference?
Another important distinction to know is the difference between a loan modification and refinancing. Too Often owners experiencing difficulty try to refinance and, if the refinance is denied, they don’t realize there are other options to help them stay in … Continue reading
Forbearance or Loan Modification – do you know the difference?
Many homeowners are trying to get assistance from their lender so they can stay in their home. There is a whole new vocabulary for homeowners, Realtors and loss mitigation specialists these days. It is vitally important to know exactly what … Continue reading
Posted in foreclosure, Home ownership, loan modification
Tagged forbearance, foreclosure, loan modification, short sale
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How to convince the bank to modify your mortgage loan
There are two key things you must prove in order to get the bank to modify your mortgage; that you have suffered a financial hardship and that you can afford to pay a lower, more affordable mortgage payment. And you … Continue reading