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Tips on Applying for a Mortgage After a Foreclosure

“Recovering from a negative credit event like a foreclosure can take years—seven years in many cases. A growing number of Americans are reaching that juncture after going into foreclosure early in the housing crisis. During that seven-year period, gaining access to loans is challenging, particularly in the first two to three years. Getting approved for

Florida’s foreclosure prevention program shifts tactics

“Florida’s $1 billion foreclosure prevention program, which has historically helped homeowners fight off bank repossessions with mortgage assistance, might start pitching in for first-time homebuyers’ down payments. The proposal would earmark $50 million for down payments from the federal Hardest Hit Fund, which was created with taxpayer money, a publication reported. The program has until

Here’s What to Do If Your Mortgage Is Underwater

“If you feel like you’re drowning, financially speaking, you’re not alone. Millions of Americans are “underwater” on their mortgages, with negative equity. It’s a bad position to be in, but you may be able to improve your situation. Let’s talk numbers first. According to data from CoreLogic, as of the end of 2014, homeowners of about

How To Fight Foreclosure And Save Your Home

“Are you behind on your mortgage payments or worried about getting behind? Perhaps your work hours have been reduced or maybe you’ve been laid off. For whatever reason, you may have already missed a mortgage payment or perhaps several. When economic problems occur and we know we won’t have enough money to pay our house

The foreclosure trap

“The Patricks, like millions of homeowners who have run into mortgage problems before them, were actually put in a worse position by the very party they thought would help them out, their loan servicer. When they sent in their regular $700 monthly mortgage payment last October, the Patricks were just two payments behind. Their issues
IMPORTANT: The text in this website and product(s) sold on this website do not substitute for legal advice. Nor does the text substitute for real estate, financial, tax, bankruptcy or other professional advice. Loan Modification Key® and its owner(s) cannot and do not guarantee results from any lender or servicer. Loan Modification Key® and its owner(s) do not represent any loan modification program or governmental program. Loan Modification Key® and its owner(s) do not represent any government agency. The text herein represents information, opinion and expertise gathered in the last several years' experience in the mortgage industry. Loan Modification Key® is a non-profit 501 (c)(3) tax-exempt organization.
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