by James Robert Deal | Oct 13, 2013 | Mortgage Modification
It is a long story, which I will tell later. For now I will just share the link with you and tell you that this modification took three years to complete. Here is the link:...
by James Robert Deal | Oct 1, 2013 | Mortgage Modification
We just negotiated this excellent modification with Bank of America. The interest rate was reduced to 2.0%. The principal balance was reduced by $131,000.
by James Robert Deal | Sep 3, 2013 | Fannie Mae, Mortgage Modification
This post comes from Martin Andelman. The low approval rate on modifications Martin discusses is the main reason why you should hire an attorney to do your modification. Our success rate on modifications is much higher, around 80%. Of course, part of the reason why...
by James Robert Deal | Jul 30, 2013 | Mortgage Modification
A City Invokes Seizure Laws to Save Homes Peter DaSilva for The New York Times Thanks to New York Times. Robert and Patricia Castillo paid $420,000 for a three-bedroom, one-bathroom home in Richmond, Calif., in 2005. It is now worth $125,000. By SHAILA DEWAN...
by James Robert Deal | Jul 16, 2013 | Fannie Mae, Mortgage Modification
FHFA expands suite of loan mod tools By Kerri Ann Panchuk • March 27, 2013 • 9:00am Servicers dealing with loans guaranteed or owned by Fannie Mae and Freddie Mac will soon be required to offer eligible distressed borrowers ways to lower their monthly payments if the...
by James Robert Deal | Jun 16, 2013 | Mortgage Modification
We have found that Lenders often take advantage of those who apply for modification on their own. Lenders tell them they have not received certain documents and say their documents have “expired”. Often lenders decline modification and do not make the...
