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Tag Archive | "foreclosure"

What is a Mortgage Modification – 5 Common Questions Answered

Wednesday, December 17, 2008

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What is a Mortgage Modification – 5 Common Questions Answered

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: [...]

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Metropolitan Phoenix Ranks No. 1 in House Price Drop

Thursday, October 30, 2008

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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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