A Loan Modification is a permanent change in one or more of the terms of a mortgagor’s loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford. Question 1: In utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and corporate advances? Answer: [...]
Continue reading...Thursday, October 30, 2008
All cities are being hit with the plummeting of their housing market. Now metropolitan Phoenix is in the forefront of the list of cities which is according to the S&P/Case-Shiller Home Price Index. From August of last year to this year, the homes in the Valley dropped in price at about 30%. This drop in [...]
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Wednesday, December 17, 2008
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