http://avoidforeclosureorlando.net/48/does-anyone-have-information-on-the-modification-loans-to-avoid-foreclosure/ How To Avoid Foreclosure And Save Your Home Thu, 12 Nov 2009 00:55:25 +0000 http://wordpress.org/?v=2.8.4 hourly 1 http://avoidforeclosureorlando.net/48/does-anyone-have-information-on-the-modification-loans-to-avoid-foreclosure/comment-page-1/#comment-78 golferwh Sun, 18 Oct 2009 05:34:39 +0000 http://avoidforeclosureorlando.net/48/does-anyone-have-information-on-the-modification-loans-to-avoid-foreclosure/#comment-78 get in touch with your lender but if you even go 30 days down in today's market the lender may start foreclosure proceedings an way. get in touch with your lender but if you even go 30 days down in today’s market the lender may start foreclosure proceedings an way.

]]> http://avoidforeclosureorlando.net/48/does-anyone-have-information-on-the-modification-loans-to-avoid-foreclosure/comment-page-1/#comment-77 Bob S Sun, 18 Oct 2009 00:22:09 +0000 http://avoidforeclosureorlando.net/48/does-anyone-have-information-on-the-modification-loans-to-avoid-foreclosure/#comment-77 Dont do a refi, do a loan modification... i was in the same situation i was behind and after dealing with the american modification agency they got me caught up and lowered my interest rate so i could afford it! Email my agent that helped me save my home from foreclosure. AMartino@YourAMA.com Dont do a refi, do a loan modification… i was in the same situation i was behind and after dealing with the american modification agency they got me caught up and lowered my interest rate so i could afford it! Email my agent that helped me save my home from foreclosure.
AMartino@YourAMA.com

]]> http://avoidforeclosureorlando.net/48/does-anyone-have-information-on-the-modification-loans-to-avoid-foreclosure/comment-page-1/#comment-76 goz1111 Sat, 17 Oct 2009 19:54:31 +0000 http://avoidforeclosureorlando.net/48/does-anyone-have-information-on-the-modification-loans-to-avoid-foreclosure/#comment-76 Talk with your lender to see if they will refinance but if the bank agrees it’s refinancing the whole amount it will not knock off 150|K it is not a short sale, even with short sale not sure if the lender would write of 150|K versus going to foreclosure and collecting the insurance payout Talk with your lender to see if they will refinance but if the bank agrees it’s refinancing the whole amount it will not knock off 150|K it is not a short sale, even with short sale not sure if the lender would write of 150|K versus going to foreclosure and collecting the insurance payout

]]> http://avoidforeclosureorlando.net/48/does-anyone-have-information-on-the-modification-loans-to-avoid-foreclosure/comment-page-1/#comment-75 Miguel G Sat, 17 Oct 2009 18:09:38 +0000 http://avoidforeclosureorlando.net/48/does-anyone-have-information-on-the-modification-loans-to-avoid-foreclosure/#comment-75 Hi there, With that much of a difference between your home's value and what you owe, you will not be able to refinance. Lenders now are demanding strict Loan to Value ratios (as they call it). In your situation, if your home is worth $350, you would need to owe just $280 to get it refinanced, depending on your credit. You might be able to negotiate a loan modification. In such instances, the lender lowers your interest rate, which lowers your payments. Early in this housing crisis, some lenders were also lowering your overall debt (principal on the loan). But that is rare. To qualify, you will need to show that you are in the "sweet spot." Meaning you make enough to pay the lowered monthly payment, but not too much to afford your current payment. I strong suggest seeking a professional's help in the negotiations. Hi there,
With that much of a difference between your home’s value and what you owe, you will not be able to refinance. Lenders now are demanding strict Loan to Value ratios (as they call it). In your situation, if your home is worth $350, you would need to owe just $280 to get it refinanced, depending on your credit.
You might be able to negotiate a loan modification. In such instances, the lender lowers your interest rate, which lowers your payments. Early in this housing crisis, some lenders were also lowering your overall debt (principal on the loan). But that is rare.
To qualify, you will need to show that you are in the “sweet spot.” Meaning you make enough to pay the lowered monthly payment, but not too much to afford your current payment. I strong suggest seeking a professional’s help in the negotiations.

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