January was a very busy month for us here at Truth in Foreclosure and we had more site visits than any other month in our 3 year history.
That’s exciting news from a webmaster’s point of view, it’s unfortunate because it means there’s a lost homeowners looking for help. So we’ve put together the top 5 posts for January so you don’t miss anything.
- Workout Options not Dependent on Your Lender
Selling your home is the most common way to exit foreclosure without getting approval from your lender. If selling isn’t an option for you, you can also consider pursuing legal action against you lender or filing bankruptcy in some situations.
- State Programs for Foreclosure Mediation
Summary of 26 state/local programs that establish some type of foreclosure diversion program requiring lenders to engage in mediation, conciliation, or a settlement conference. Summaries include a general program description and lender and borrower obligations under the program. - HAMP Switches Gears from Loan Mods to Avoiding Foreclosure
The focus of the Administration is shifting away from modifications because getting borrowers into the Home Affordable Modification Program (HAMP) is not always the best solution. - Your Lender’s Dirty Little Secret
Have you ever wondered how your lender or servicer decides what to do when you submit a hardship package to them? - Net Present Value and Why It Matters to You
The Obama administration’s Making Home Affordable program requires that a modification be made when the net present value test is passed. Most servicers should be using net present value calculations to determine whether or not to offer a loan modification to homeowners in default.
Leave a Reply
You must be logged in to post a comment.