Foreclosure Articles
Ralph's Blog
Despite all the hoopla about foreclosure hot lines and initiatives such as Project Hope, these efforts at assisting delinquent homeowner's has had a negligible impact on foreclosure outcomes. According to a study by the "State Foreclosure Prevention Working Group," as reported by the Wall Street Journal, 70% of seriously delinquent borrowers aren't receiving any help with their payment problems. Ralph's Blog
Loan Modification- The homeowner was over seven months behind and facing a sale date. We were able to get the lender to modify their loan to roll all of their back payments and late fees back into a new loan amount. The resulting new loan payment was an extra $327 per month LESS what they were paying before; and their foreclosure was stopped immediately.
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