Category Archives: Mortgage Modification
How Can Bankruptcy Help with an Underwater Mortgage?
As a result of the housing market crash, housing prices dropped in many regions of the United States. An underwater mortgage is a new term coined to describe house values that are less than the home’s mortgaged value. For example, let’s say that a couple bought a house for $300,000 and arranged a loan with… Read More »
Which Works Best for You — HAMP or HEMAP?
Various choices are available for loan modifications and determining the best option for you can be confusing. You may have heard of HAMP, a federal loan modification program. HEMAP is the loan modification program that the Pennsylvania state government offers homeowners. Your mortgage foreclosure defense specialist is probably the best judge of which program would… Read More »
Can a Mortgage Modification Help You?
Mortgage foreclosure defense is a way to avoid foreclosure and keep your home if you can no longer make your mortgage payments. It consists of changing the terms of your original mortgage to better suit your current financial situation. The process consists of sitting down with your bank or other mortgage lender and agreeing to… Read More »
How Do I Pay for My Bankruptcy Attorney?
It may seem counter-intuitive, but it’s a fact – filing for bankruptcy and hiring a bankruptcy attorney costs money. But how do you get that money if you are filing for bankruptcy? Aren’t you filing for bankruptcy because you have no money to spare? Just because you are lacking in funds doesn’t mean you shouldn’t… Read More »
Mortgage Modification – Do You Qualify?
Are you having trouble making the payments on your mortgage? Are you fearful of losing your home? Before throwing up your hands and declaring bankruptcy, you may want to look into something called mortgage foreclosure defense. Mortgage foreclosure defense is not the same as a refinance. With a mortgage refinance, you are looking for an… Read More »
How Mortgage Modification Can Help Save Your Home
Nothing is more frightening than the thought of losing your home because you can no longer afford the payments. Dozens of worst-case scenarios might run through your head—watching the bank foreclose on your home, running out of money, having no place to go, or even having to file for bankruptcy. Before resigning yourself to foreclosure… Read More »
