Few things are more frightening than the prospect of losing your home. If you have fallen behind on your mortgage payments, and you are facing foreclosure, you may not know what to do next. The most common mistake made by people in this situation is giving up too quickly. There are steps you can take, […]
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Help For Distressed Homeowners Earlier this year, the Colorado Attorney General’s Office joined a $25 billion multi-state settlement with the five largest banks who account for 60 percent of the home loan servicing market. These banks are Bank of America, JPMorgan Chase, Wells Fargo, Citi and Ally. The settlement was entered to end the problematic […]
The Loan Modification Process “We need additional documents for review!” How many times have I heard this request from Chase Bank, Bank of America, Wells Fargo Bank, GMAC, and other lenders in my efforts to negotiate a short sale or loan modification? Indeed, this is a frustrating request, as it most often follows a submission […]
Using The HAFA Program To Develop Home Foreclosure Alternatives On April 5, 2010, the Homeowners Affordable Foreclosure Alternatives Program (“HAFA”) went into effect after being introduced the previous year by the US Government. The HAFA program provides additional options to homeowners facing foreclosure, and offers incentives to lenders and borrowers who utilize a short sale […]