Mortgage Loans And Refinance For Bad Credit

Mortgage Hardship Letter for Modification

If a homeowner applies for either a short sale or loan modification, the borrower must present a hardship letter.  Not all hardship letters deal with unemployment.   The hardship letter is a necessary component for a loan modification or a short sale.  Ironically, the existence of an upside down mortgage has little to do with the [...]

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What is Mortgage Forbearance?

If you are behind on your mortgage due to hardship and the hardship has been resolved, you may qualify for forbearance from he lender.  The damage for this transaction is minimal compared to other options. For those of us who have been strained to make mortgage payments over the past few years, there is an [...]

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Deficiency Judgement After Foreclosure

If you are in default and you consummate a short sale or go through foreclosure, the lender has the right to file a deficiency judgment in the amount of the deficiency between the selling price and the principal balance of the mortgage.  This can and will normally happen after you file for foreclosure or begin [...]

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Mortgage Attorneys and Your Mortgage Loan

For many Americans, mortgage attorneys play an important part in reviewing, explaining and cross checking the biggest financial commitment in the borrower’s lives. Although the housing industry has been in a prolonged slump since the recession began, the commitment to repay the financial vehicle that enabled the borrower to buy the house can last 30 [...]

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