by James Robert Deal | Feb 11, 2015 | Mortgage Modification, Principal Reduction
If you got a HAMP or Making Home Affordable modification, you will be receiving an additional $5,000 principal reduction. Republicans in Congress want to put an end to HAMP and Making Home Affordable modifications. Read what Martin Andelman has to say about these...
by James Robert Deal | Sep 14, 2014 | Principal Reduction, taxes
Folks underwater holding their breath Keith Harney Thanks to Seattle Times September 13, 2014 It appears Congress will extend a tax-relief program for them, but not until after the November elections. WASHINGTON — Congress is back from its summer vacation, so the...
by James Robert Deal | Nov 10, 2013 | Mortgage Modification, Principal Reduction
JS is a hard working taxi driver. He came to us after a financial hardship, including a divorce. Ocwen is his servicer, however, the important fact is that Wells Fargo is the investor, the owner of his mortgage. Wells Fargo gives principal reductions because it was...
by James Robert Deal | Feb 26, 2013 | Principal Reduction
The reason foreclosures will continue By Paul McMorrow Thanks to the Boston Globe February 19, 2013 A year ago, 49 states and the federal government brought five of the country’s biggest banks to heel. They crafted a nationwide foreclosure settlement that ended a...
by James Robert Deal | Dec 2, 2012 | Principal Reduction
If you owe more on your first mortgage than your home is worth, and if your mortgage is with Bank of America, JP Morgan Chase, Wells Fargo, Citi, or Ally Financial, principal reductions are now possible. See this NY Times article.
by James Robert Deal | Jul 12, 2012 | Mortgage Modification, Principal Reduction, Second Mortgages
I only post a quarter of the modifications we complete, and I have not posted any of them for some time.I will get caught up on that job when we get back from our road trip vacation. But I just have to post this letter from a client regarding a modification that is...
