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Why do lenders prefer a loan modification over a foreclosure?

09.18.09 | Author: Evan Bedard | Posted in mortgage modification | No Comments »

Today in America foreclosure rates are higher than ever and many people are in desperate need of a modification. Many homeowners are beginning to default on their payments due to financial hardships such as lost jobs or even had there ARM loan adjust to a payment that is just not affordable. The question many people [...]

Will a loan modification stop foreclosure?

08.28.09 | Author: Evan Bedard | Posted in mortgage modification | No Comments »

Many homeowners in the United States are having difficulties paying their mortgage due to current financial struggles they are facing. One of the main questions they ask is “Is there someway to stop the foreclosure proceedings?”
Yes! With a loan modification you may be able to bring your defaultingĀ mortgage current once again and possibly achieve a [...]

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