| Recent Questions |
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| Q: this is test for reply | Posted By: saeedmail@yahoo.com on Sat 28, 2009 4:08 PM |
| A:
its working ok ... More |
| Q: in mortgage biz 21 years--how does my company realtors,attorneys get compe... | Posted By: BestRateHere@aol.com on Mar 24, 2009 03:24PM |
| Q: wHAT ARE THE FEES INVOLVED? | Posted By: RUTH on Mar 18, 2009 02:07PM |
| A:
This depends on the company you choose to go with. The fees typically vary ... More |
| Q: How much do they typically lower the interest rate and do they base the pay... | Posted By: nancydh6 on Mar 16, 2009 01:11PM |
| A:
This really depends on several factors the most important being: 1) Your cu ... More |
| Q: Does a 10 year interest only and a 9.85% 2nd qualify for loan modification? | Posted By: snovak1977@yahoo.com on Mar 13, 2009 02:08PM |
| A:
it is not actually the "type" of loan and interest rate that determines you ... More |
| Q: How do I contact your office? | Posted By: Louise Matthews on Mar 13, 2009 09:46AM |
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You can e-mail us at info@loanzonline.com. |
| Q: I have been late on my last months payment 10days after the grace period. I... | Posted By: mailman on Mar 11, 2009 08:52PM |
| A:
Best candidates for loan modifications are homeowners who are 1 or 2 mortga ... More |
| Q: i have a 80/20 loan will i be able to get a modification for both loan or j... | Posted By: mailman on Mar 11, 2009 08:47PM |
| A:
Yes, if they are both with one lender, it is a lot easier. Typically the m ... More |
| Q: does countrywide have a loan modification program?
| Posted By: mailman on Mar 11, 2009 08:46PM |
| A:
They sure do. the number we have for their loss mitigation is: Countrywide ... More |
| Q: I have owned by home since 1986 and I paid it off in 1991 and had no mortga... | Posted By: Nevada2009 on Mar 11, 2009 05:30PM |
| A:
I am not really sure about "Home Equity only" loans. Most of what we have ... More |
| Q: I am a senior with a pension of total $1800 a month. Does that qualify as ... | Posted By: ruffsoft on Mar 09, 2009 12:33PM |
| A:
Sure! has your mortgage rate increased or you experienced any other financ ... More |
| Q: Me and wife are employed and with a stable job.But due to some unexpected ... | Posted By: Columbia on Mar 05, 2009 04:53PM |
| A:
It looks as if you are a good candidate for loan modification. SInce your ... More |
| Q: After purchasing my home in 1998 I became disabled. I receive social securi... | Posted By: jl1026 on Mar 05, 2009 10:03AM |
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Well, the reason they ask about your employment, is because for the lenders ... More |
| Q: I called my Mortgage Co for a loan modification because my taxes just about... | Posted By: parisgirlonly on Mar 03, 2009 05:05PM |
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Also to add to this point, they may have denied the modification if they se ... More |
| Q: Can I start a loan modification if my house is in short sale? | Posted By: beto on Mar 02, 2009 03:38PM |
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Yes, if the loan gets modified, it will just cancel out the short sale. |
| Q: If my wife just lost her job can we still do our loan modification?
| Posted By: loanmod4me on Mar 02, 2009 12:46PM |
| A:
If your wife's job contributed a good portion to your monthly income where ... More |
| Q: How can i obtain the One Touch Modofication Program offered by Citimortgage... | Posted By: erjrinla@aol com on Mar 02, 2009 11:55AM |
| A:
Here is the phone number for Citimortgage's loss mitigation department: (8 ... More |
| Q: I'm more than 12mts late with my mortage because I can't afford it, can I s... | Posted By: help please on Feb 27, 2009 04:46AM |
| A:
It's going to depend on your specific situation. There is no set criteria f ... More |
| Q: Me and my husband owne 2 houses one in which we live, and the other we are ... | Posted By: Jessica on Feb 25, 2009 12:43PM |
| A:
we can help you www.savingamericanhomes.net
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| Q: If I got a loan modification about a year ago can I ask for another one | Posted By: michaelsupplies on Feb 24, 2009 05:05PM |
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Sure. It depends on the lender, but if you have held up your end of the ba ... More |
| Q: If you are under a loan modification program with your mortgage company, ca... | Posted By: homehunters on Feb 24, 2009 09:11AM |
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Yes, when your loan is modified, it is permanent and you can think of it as ... More |
| Q: How much does a loan modification cost? If I'm 14mts late on my mortage and... | Posted By: ddookhoo1@aol.com on Feb 24, 2009 07:23AM |
| A:
The cost depends on the company you work with, but they general range betwe ... More |
| Q: We really need help but I do not know where to turn. Our mortgage co. sent... | Posted By: Jackie on Feb 11, 2009 06:24PM |
| A:
First off, i recommend to STOP worrying. Worrying does not help anything a ... More |
| Q: I qurrently agreed on a loan modification, but it was more than i was payin... | Posted By: kirby on Feb 11, 2009 09:36AM |
| A:
It sounds like they have their head up their you know what. This is crazy. ... More |
| Q: Has anyone used a company called Better Home Relief? | Posted By: concerned on Feb 10, 2009 02:09PM |
| A:
Modfraud.org is a private mod company. BEWARE! |
| Q: I just lost my job and it is unlikely that I will get another one paying as... | Posted By: pablodgar on Feb 10, 2009 12:28PM |
| A:
I believe so. PLease keep in mind that 3 conditions must exist to make you ... More |
| Q: should you work with a company for loan modification within the state you ... | Posted By: concerned on Feb 09, 2009 07:56PM |
| A:
Not necessarily although it might help on several fronts: same timezone, s ... More |
| Q: How do I choose a company to use for loan modification? There are so many ... | Posted By: concerned on Feb 09, 2009 07:51PM |
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You might also want to check out www.modfraud.org. They provide a free ser ... More |
| Q: can you qualiofy for this program if u filed bankruptcy recently
| Posted By: felisha on Feb 07, 2009 03:12PM |
| A:
Yes you sure can. That is, if you are atill emploed and can make a pratial ... More |
| Q: Are you a mortgage company? I don'tknowwhat is going on with the bankruptc... | Posted By: dshadel4 on Feb 06, 2009 07:16PM |
| A:
The best thing to do would be to fill out the form on this site: www.loan- ... More |
| Q: I'm currently upside down on my mortgage. My 1st mortgage is $417K / fixed ... | Posted By: mda1128 on Feb 04, 2009 09:55AM |
| A:
Whatr I would suggest is fill out the form on loan-modificaiton411.com and ... More |
| Q: From your experience, are lenders supposed to lower the interest rate to he... | Posted By: isacin on Feb 03, 2009 10:30AM |
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I have seen them both. in cases where the interest rate is already low (li ... More |
| Q: We have two houes last year we got divoce he keep one and I am living in th... | Posted By: jjjcommunications on Feb 02, 2009 05:10PM |
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Well, unfotunately and realistically from what I hear from you on your situ ... More |
| Q: What is the impact of loan modification on credit history? How soon can a p... | Posted By: curioushomeowner on Jan 31, 2009 10:23AM |
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Well the actual loan modification itself does not have any effect on your c ... More |
| Q: Hi, I have my own business and have been waiting for my clients to pay me.I... | Posted By: Mochi on Jan 30, 2009 03:44PM |
| A:
I think a loan forebearance might be a better fit you since you expect to g ... More |
| Q: I submitted a request for loan modification to my current lender of 6 years... | Posted By: Hope on Jan 30, 2009 09:34AM |
| Q: if a husband and wife are getting divorced and husband is to retain the hou... | Posted By: ewingdalep on Jan 29, 2009 02:24PM |
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Well, technically there is no NEW mortgage. When you do a loan modificatio ... More |
| Q: what states require that a lawyer does the loan modification? | Posted By: jeffgorelick on Jan 29, 2009 12:32PM |
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The rules and regulations are constantly changing and it is difficult to sa ... More |
| Q: I wonder: He is behind in payments due to a major wage reduction..I make de... | Posted By: Hopeful on Jan 29, 2009 07:38AM |
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I believe you are a good candidate for loan modificaiton since he has suffe ... More |
| Q: I am doing a mod with a company from this site. The negotiator is telling m... | Posted By: Leftee on Jan 26, 2009 03:24PM |
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Well it is really hard to tell exactly what the bank is going to do, but co ... More |
| Q: do you have to be behind on your payments to get an modification | Posted By: mrdazz on Jan 25, 2009 08:30PM |
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Well, although not an absolute requirement, it certainly helps a lot with y ... More |
| Q: I WOULD LIKE TO DO A LOAN MODIFICATION DUE AN ADJUSTABLE RATE MORTGAGE. I ... | Posted By: USQUEEN915 on Jan 24, 2009 11:03AM |
| A:
Bankruptcy should always be your last resort. You should do a full analysi ... More |
| Q: I AM THINKING OF GETTING A HOME MOD. LOAN DUE TO THESES HARDSHIPS. I AM SEP... | Posted By: daigette on Jan 23, 2009 06:00PM |
| Q: what is your fee - my loan balance is $435,000 and i am 1 month late. | Posted By: badger2007 on Jan 21, 2009 12:01PM |
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Depending on which company you go with, fees range from 2000 to 3000. |
| Q: i am currently getting verification of income that my mortgage co has asked... | Posted By: huddinsan1 on Jan 21, 2009 10:45AM |
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Well, my personal opinion is that you do have a good chance of getting a lo ... More |
| Q: After a sheriff sale can you still get a loan modification if your lender h... | Posted By: mdneal on Jan 17, 2009 07:21AM |
| A:
The short answer is No. Once the property is bought back by your bank, you ... More |
| Q: My friend and I bought a house for 2 years now. We are not in good terms an... | Posted By: flower on Jan 12, 2009 09:29PM |
| A:
This is a unique situation. The fact that both you and your friend are earn ... More |
| Q: Do you conduct a forensic audit before you start negotiating with the lende... | Posted By: Harvey on Jan 11, 2009 06:30PM |
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Some loan modification companies use the forensic loan audit as a strategic ... More |
| Q: When doing a loan modification will the value of the home loan be modified ... | Posted By: Bella on Jan 09, 2009 11:08AM |
| A:
Every loan modification has its own unique set of parameters. Any/all of w ... More |
| Q: I am currently in a interest only loan. My loan wil not adjust until Decem... | Posted By: dlynne11 on Jan 07, 2009 06:56PM |
| A:
The question is whether or not you can afford your current mortgage payment ... More |
| Q: how much do you charge for loan modification and do you charge in advance o... | Posted By: damo on Jan 05, 2009 10:20AM |
| A:
We actually do not charge any money. We are only connecting you to compani ... More |
| Q: we filed bankruptcy in march 08 and i have been laid off we got behind 2 pa... | Posted By: ryanrobb66 on Jan 01, 2009 10:14AM |
| A:
So as I understand, you are now unemployed? If so, that makes it a bit mor ... More |
| Q: Lost my job and have new employment at a much lower income. Mortgage payme... | Posted By: GeorgiaLoan on Jan 01, 2009 09:19AM |
| A:
Thank you. But I guess I was not clear. I have been told by a loan mod co ... More |
| Q: Deed is on Husband and Wife but Wife is on the mortgage loan only. This is ... | Posted By: nov8dbay on Dec 30, 2008 10:17AM |
| A:
Yes, as long as thye both live in the house, want to keep the house, have e ... More |
| Q: I would like to find out which companies have the best track record for loa... | Posted By: Renea on Dec 30, 2008 08:55AM |
| A:
Well, this is a very difficult question as it really depends on the given c ... More |
| Q: We have our home since November 1998 we never missed any payment. I just ha... | Posted By: manoeugene on Dec 26, 2008 07:14PM |
| A:
Let me start by asking whether or not you would like to keep this house eve ... More |
| Q: We have the loan principal balance 475K with appraisal value of the house o... | Posted By: elenroz on Dec 23, 2008 11:31AM |
| A:
Well, it seems that you certainly have enough equity in your home to refina ... More |
| Q: I lost my job recently, but I am still current in payment. My wife's job br... | Posted By: Jalal on Dec 20, 2008 09:06AM |
| A:
Well, as you might expect the "best" possible candidate for a loan mod is a ... More |
| Q: can i get another modification within a one year period | Posted By: fred on Dec 18, 2008 10:30PM |
| A:
We have actually seen several loan modifications that were negotiated in th ... More |
| Q: I lost my job but have found new employment at a much lower income (commiss... | Posted By: williamg on Dec 18, 2008 12:03PM |
| A:
Yes this is true for the most part. As a general rule lenders is concerned ... More |
| Q: I pay the mortgage but my son is on the loan.and he doesnt live there.I hav... | Posted By: vjz on Dec 16, 2008 09:01AM |
| A:
You do not have to be behind to get help. If you foresee yourself having tr ... More |
| Q: Can I apply for loan mod with a equity loan on the property? | Posted By: vjz on Dec 15, 2008 11:49AM |
| A:
Yes, but it is obviously not as "clean" as your first mortgage lender would ... More |
| Q: Can you get a loan modification even if you have only had your home for 7 m... | Posted By: randa0813 on Dec 15, 2008 09:06AM |
| A:
Well, sure. Remember, there are 3 components necessary for a mod. 1) You ... More |
| Q: If I have a second home and it use to be rented and now it does not rent an... | Posted By: eddy on Dec 12, 2008 10:22AM |
| A:
Well, although there are no real hard and fast "rules" so to speak, but in ... More |
| Q: I'm a single mom with 3 kids, i have my home on short sale right now and wo... | Posted By: tgarcia on Dec 10, 2008 11:44AM |
| A:
Well the key question is whether or not you still have any kind of income. ... More |
| Q: When you do a short sale are you able to remain in your home? This company ... | Posted By: Need Help on Dec 08, 2008 07:15AM |
| A:
short sale means your are selling so you can't stay in the property the onl ... More |
| Q: Do you need an attorney to do a loan modification? Can I call myself and re... | Posted By: Need Help on Dec 08, 2008 07:02AM |
| A:
Yea of course you can do it yourself. Is it going to happen highly unlikely ... More |
| Q: If the lender agrees to do the loan modification are you still paying the o... | Posted By: Need Help on Dec 08, 2008 07:00AM |
| A:
Yes you are you are just changing the terms on loan... ex: interest,length ... More |
| Q: What other cost will be incurred if we do loan modification (For example: A... | Posted By: hajira on Dec 04, 2008 09:05AM |
| A:
Since a Loan Modification is not a "refinance" or a "new loan", there will ... More |
| Q: What happens to the original loan does it freeze and becomes a ghost after ... | Posted By: just me on Nov 26, 2008 12:10PM |
| A:
There is no such thing as the "original loan" vs. a "new loan". This is no ... More |
| Q: Is it possible to get loan modification if you already have a fixed interes... | Posted By: vieanblue on Nov 25, 2008 05:04PM |
| A:
Sure. The main purpose of a loan modification is to make your mortgage pay ... More |
| Q: How much do this loan modification cost? | Posted By: starlight on Nov 24, 2008 09:31AM |
| A:
I had answered a similar question to another consumer. The fees differ from ... More |
| Q: We are current on our mortgage. But my husband's job is in danger and he ma... | Posted By: mbradleyrn on Nov 22, 2008 05:23AM |
| A:
Well. it is really tough for me to give you meaningful advice since I do no ... More |
| Q: Can you start the loan modification process even if you are current with yo... | Posted By: homeownersos on Nov 20, 2008 10:17AM |
| A:
The short answer is yes. However, with the shear volume of people looking f ... More |
| Q: I was hoping to touch base with operations individual to discuss a partners... | Posted By: jeffwilks on Nov 19, 2008 09:56AM |
| A:
Jeff, if you would like to discuss partnership opportunities with loan-modi ... More |
| Q: Have you ever been able to work out a loan modification with FlagStar mortg... | Posted By: WorriedHomeOwner on Nov 18, 2008 08:04PM |
| A:
Modifications are a bit tricky because even if you got your mortgage throug ... More |
| Q: how long is the loan mod process? | Posted By: woodhana on Nov 13, 2008 03:44PM |
| A:
This really depends on several facter. Not all loan mods are the same. Th ... More |
| Q: what is the loan modification rates? | Posted By: pooker on Nov 12, 2008 06:42PM |
| A:
I actually answered this on the previous question, but I will cut+paste for ... More |
| Q: What are the necessary fees to get this process started? | Posted By: pivory007 on Nov 12, 2008 07:10AM |
| A:
Well, this really depends on which company you select to go with. I have s ... More |
| Q: Is there anything else that we can do if the mortgage lender says that they... | Posted By: MortgageDummy on Nov 07, 2008 11:27AM |
| A:
This really depends on why the lender denied the loan modification. Can yo ... More |
| Q: I am in the process of doing a Loan Modification with CitiMortgage. We have... | Posted By: showme on Nov 07, 2008 08:36AM |
| A:
Well, if I were you and and i did not ABSOLUTELY need the money, I would no ... More |
| Q: Can I present the Loan Mod myself to my lender or should I seek the experti... | Posted By: nov8dbay on Nov 05, 2008 07:09PM |
| A:
Well, the answer to this question is somewhat difficult. For some people i ... More |
| Q: We have 3 properties. Our primary residence and 2 others we could not sell ... | Posted By: boddenho on Nov 05, 2008 03:46PM |
| A:
As a general rule, your primary residence (home you currently live in) is a ... More |
| Q: How soon can we expect our payment to decrease? | Posted By: PapaJones on Nov 05, 2008 11:59AM |
| A:
Well, this really depends on several factors. Here are the important ones: ... More |
| Q: WHAT ARE THE FEES FOR DOING A LOAN MODIFICATION AND CAN THEY BE ROLLED INTO... | Posted By: RAMIREZ on Nov 05, 2008 11:52AM |
| A:
The fees are differ from company to company. What seems to be the most com ... More |
| Q: Do lenders modify the loan by reducing the loan amount? I have lost $40,00... | Posted By: cookiemix99 on Nov 05, 2008 06:35AM |
| A:
Well, it really depends on your particular lender's loss mitigation policie ... More |
| Q: Do you know any specifics about the JPMorgan Chase plans? | Posted By: PierreA on Nov 04, 2008 10:59AM |
| A:
Here is the link sorry: http://www.boston.com/realestate/news/blogs/renow/2 ... More |
| Q: Purchased home in 2003 payment was around $1100month. within 2 yrs payment ... | Posted By: Maria on Nov 02, 2008 01:04AM |
| A:
Are you still unemployed? If so, it might be a bit tough to get a loan modi ... More |
| Q: Since losing my job, we depleted our savings to make our payments. I'm now ... | Posted By: BrendaKleen on Oct 30, 2008 12:00AM |
| A:
If you can still afford part of your original payment and have had a genuin ... More |
| Q: Is short sale better or loan mod? | Posted By: Bullfight on Oct 25, 2008 11:41PM |
| A:
Well, they are similar in one regard: the fact that a financial hardship o ... More |
| Q: My wife lost her job in Feb. Adjustable payments got to high and I lost my ... | Posted By: Francis on Oct 21, 2008 09:33AM |
| A:
Well, if you are not employed with no income, it will be pretty tough to co ... More |
| Q: Due to a struggle with depression 2 yrs ago I left my job with Procter and ... | Posted By: Dan on Oct 18, 2008 06:23AM |
| A:
It sounds like you have had a life event which definitely constitutes a val ... More |
| Q: Need info about a loan mod. company. Comp. called ElectGroup, out of FL has... | Posted By: KLUDY on Oct 16, 2008 08:13AM |
| A:
Due to the nature of loan modification, it's a recent development in the mo ... More |
| Q: My husband had lost his job and put us behind in payments. He is now employ... | Posted By: Lori on Oct 15, 2008 09:22PM |
| A:
From an employment standpoint, it is a good thing that he is employed again ... More |
