Loan mods- the joke of the decade.

Banks are up to their usual tricks. It seems as if nothing has changed. We pass laws and they laugh at us. Here is more proof. The IFR settlement gives loan modifications—which keeps people in their homes—and short sales “equal footing” by providing dollar for dollar...

New mortgage modification rules

The rules for mortgage modification have been eased according to FHFA. They would lower the interest rate to 1/2 % below going interest rates. (big deal) but would not include cn. Worse yet, missed payments would be added to the back end of the loan. Sounds like...

Loan mod scheme shut down

The state is going after those phony operations that claim to help you get a loan modification. . It is against Ca law to take an upfront fee for a loan mod. Attorneys are getting away with it by calling it a retainer. This is bunk and you should not fall for it. This...