underwater : Loan Modification Key

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N.J. continues to lead in foreclosures as country rebounds

*Google Earth Image Nationwide, properties starting the foreclosure process during the first half of 2016 were down 17 percent from the same time last year, the lowest figures recorded since 2006, according to data recently released by RealtyTrac. One in 249 housing units currently have a foreclosure filings in the United States, or 533,813 properties. The homes in foreclosure account

Loan Modification Key: ‘Underwater’ homeowners still need help

This is a frightening problem. There’s no easy solution. Many think that seven years after the toxic mix of unaffordable mortgages, a collapsing economy and sagging #home prices pummeled the region, the problem’s been solved. But it remains, disproportionately hitting black homeowners in areas like southeast Queens, the study found.   The state #attorney general,

10 States Suffering the Most from Underwater Mortgages

Years of rising home prices have been a life preserver to homeowners struggling with underwater mortgages. Millions of Americans no longer owe more on a home than it is worth, allowing them to more easily sell their homes or feel better about their finances. However, millions of homeowners across the nation still find themselves upside

Nearly Two Million Homeowners Offered Mortgage Solutions in 2014

“More than 489,000 permanent home loan modifications were offered to homeowners last year, according to HOPE NOW’s 2014 loan modification data released today. HOPE NOW is a voluntary, private sector alliance of mortgage servicers, investors, mortgage insurers, and non-profit counselors. The data showed more than 1.88 million homeowners received loan modifications, short sales, deeds in lieu,

Redefaults Continue to Plague HAMP

The Home Affordable Modification Program continues to disappoint. As of Dec. 31, one in three struggling homeowners who received a loan modification through HAMP ultimately redefaulted on those loans, a new report has found. Meanwhile, the program that was supposed to help some 4 million families avoid foreclosure has helped only a fraction of that
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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