Mortgage Home Loan Modification

Loan Modifications: Wells Fargo Moves to Reduce Forclosures In California

2012-01-18T17:21:00.000-08:00

Wells Fargo & Company (NYSE:WFC) has elected to offer free workshops that will assist with home owners wishing to avoid foreclosure. The Workshop will occur over two days, Wednesday Jan. 18, 2012 and Thursday Jan 19th. The workshops take place from 2:00 to 8:00 p.m. on Wednesday and from 9:00 a.m. to 7:00 p.m. on Thursday.

Wells Fargo has faired better than most in their efforts to help home owners retain their homes. Less than 2.0 percent of the loans secured by owner-occupied homes and serviced by Wells Fargo resulted in a foreclosure sale over the past twelve months. In the third quarter of 2011, 7.63% of the first mortgage and home equity loans Wells Fargo services were delinquent on had been placed in foreclosure. At the same time the industry average was 10.70%. Please click the following to learn more: Loansafe.org: Wells Fargo Mortgage Customers in Central Valley to Receive Assistance on Wednesday and Thursday at Stockton Arena

New Mortgage Plan to Focus on Lowering Payments - washingtonpost.com

2009-02-17T20:51:00.000-08:00

"When President Obama announces his $50 billion foreclosure prevention program in Arizona today, it will represent one of the most ambitious efforts yet to turn around the worst housing crisis in decades."

New Mortgage Plan to Focus on Lowering Payments - washingtonpost.com

Recordnet.com: Strategy key to getting good loan modification

2009-02-09T00:16:00.000-08:00

Although most home owners would do almost anything to keep their home, keeping it might not be practical over the long run. It's hard to step away and be totally objective when the object you are losing is part of your American dream. But a loan modification in some cases is only putting off the inevitable.

Having a firm understanding of what a loan modification means, not only for now but for the future, still remains unclear to many home owners. It has not been adequately defined by the banks that own the mortgages nor by the government which is pushing for their acceptance. Without that definition it can't be adequately explained to home owners facing a hardship www.

Getting educated about loan modifications is critical to successfully using them to one's best advantage.

As described it the article that follows, getting educated and taking a strategic approach to loan modifications should be done by any home owner facing the possibility of foreclosure.

Recordnet.com: Strategy key to getting good loan modification

Tough workouts - Sue Wright - Las Vegas Nev

2009-02-08T21:40:00.000-08:00

Here's an interesting situation. A home owner was told to miss a couple of payments before the bank would do a loan modification. So they did and the bank in fact modified the loan, temporarily. But don't worry the home owners were told that the modification would be made permanent after three months.... NOT! What happens next clearly makes no sense to anyone with half a brain.

Tough workouts - Sue Wright - Las Vegas Nev. (1) - CNNMoney.com

Sharks circle troubled homes | PressDemocrat.com | The Press Democrat | Santa Rosa, CA

2009-02-08T13:16:00.000-08:00

"They leaflet endangered neighborhoods and plant signs at shopping centers. Increasingly they're pitching on TV. Desperate for a loan modification, they ask? Call now."

Sharks circle troubled homes | PressDemocrat.com | The Press Democrat | Santa Rosa, CA

Introduction - Four Steps to Ending the Foreclosure Crisis - TIME

2009-02-08T12:33:00.000-08:00

Insightful information about how the housing crisis can "in theory" be halted. Many elements of these options are hard to hear but carry some validity. Banks,like any business, are in business to make a profit. Loan Modifications must be weighed against the foreclosure option as it relates to how it benefits all home owners in the long run.

Introduction - Four Steps to Ending the Foreclosure Crisis - TIME

Foreclosure fix elusive for Obama - Feb. 7, 2009

2009-02-08T11:51:00.000-08:00

"This much we know -- the Obama administration wants to set aside between $50 billion and $100 billion to address the foreclosure crisis."

Foreclosure fix elusive for Obama - Feb. 7, 2009