admin | February 21, 2010
On December 1, 2009, the Treasury announced that is was going to begin fining services that fail to permanently modify as many mortgages as the government thinks they should be. Servicers failing to meet performance obligation under the Servicer Participation Agreement will be subject to consequences which could include monetary penalties and sanctions. When a mortgage is modified, it must first go through a trial phase. The problem however is that in many cases these modifications were not made permanent.
Category: Loan Modification Series |
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Tags: Chase International, homeowner-assistance program, Loan Modification, mortgage, Nevada, NV, Real Estate, reno, Servicer Participation Agreement, Talayka, www.sellingnorthernnv.com
admin | January 7, 2010
We have been seeing a drastic decline in foreclosures across the country, many markets show signs of stabilization, and it is beginning to look like the end of our current housing crisis is in sight. However there is small group of mortgage products that may have been overlooked, the Option Adjustable-Rate Mortgages (ARMs) with five-year resets.
Category: Financing/Mortgage Topics, Short Sale & Foreclosures |
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Tags: 5 year ARM, Adjustable Rate Mortgage, Chase International, Loan Modification, mortgage, Nevada, NV, Option ARM, Real Estate, reno, Subprime, Talayka, www.sellingnorthernnv.com
admin | August 21, 2009
There are several options that may be available to homeowner who are in default, or about to be in default on their mortgage. These options include: Loan Modifications, Prepayment Plan, Making Home Affordable, Short Sale, Deed in Lieu of Foreclosure, and more.
Category: Financing/Mortgage Topics, General, Loan Modification Series, Short Sale & Foreclosures |
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Tags: Chase International, deed in lieu of Foreclosure, Foreclosure Prevention, home retention, HomeSaver, Loan Modification, Making Home Affordable, NV, reno, repayment plan, short sale, Talayka
admin | August 21, 2009
Borrowers having difficulty paying their mortgage will be able to refinance into FHA-insured mortgages under the program. Under the HOPE for Homeowners, lenders will be required to “write down” the mortgage to a maximum of 90% of the homes appraised value.
Category: FHA loans, Financing/Mortgage Topics, Loan Modification Series, Short Sale & Foreclosures |
3 Comments »
Tags: Chase International, FHA, Foreclosure Prevention, home retention, Hope for homeowners, hope now, HUD, Loan Modification, Nevada, NV, Real Estate, reno, Talayka
admin | August 3, 2009
making Home Affordable program allows eligible homeowners to refinance or modify their loans to a payment that is more affordable. It is broken into two parts; the Home Affordable Refinance, and the Home Affordable Modification.
Category: FannieMae, Loan Modification Series |
1 Comment »
Tags: Chase International, Foreclosure Prevention, Loan Modification, Making Home Affordable, Nevada, NV, Real Estate, reno, Talayka
