Board Certified Specialist in Bankruptcy
After several years of speaking with our clients about loan modifications to save homes and hearing a sad litany of misinformation and outright deceptions, it has become painfully obvious that loan modifications are more smoke and mirrors than reality.Does this mean that there is nothing that homeowners can do to try to save their homes? Unfortunately, in most instances the answer is … [Read more...]
A USA Today story analyzed trends in mortgage modifications, finding that some homeowners who were hoping for lower payments are facing modifications that rolled late fees, back taxes or other costs into the principal.End result? What started out as a difficult payment is now an impossible one. The story noted that this is one reason many reworked mortgages are sliding back into … [Read more...]