Truth in Foreclosure

Documenting Irregular Income for a Mortgage Modification

I’ve been asked many times what you should do if you have irregular income and you’re applying for a loan modification. How should you report it in the forms to accurately reflect your situation.

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Create Your Own Hope Rather Than Putting It In Your Servicer

So now that only 15% of the servicers aren’t part of the program, you’d think we should start seeing some movement…but I wouldn’t hold my breath. If you’re dealing with your servicer right now, I’d bet my next paycheck you’re frustrated with how long it’s taking and you don’t understand how a servicer can say your loan can’t be modified even though there’s a government program that says it can. You can wrestle control of your situation back from your lender, though, and bring some hope back into what may seem like a hopeless situation...come see how.

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Thinking Differently…Is Your Home or Your Life More Important?

It's natural to assume you want to save your home from foreclosure. It's natural to want to protect what we have from danger and uncertainty. But sometimes this emotion gets in the way of doing what is truly best for us. I hope this post helps you break through that emotion. No matter what situation got you into foreclosure. Regardless of what your hardship is and whether it is resolved or not, you need to at least consider that it might be far better for you to leave your house rather than fighting to stay.

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Quit Trying to Save Your Home

As much as we hate to admit it, not everyone is going to be able to stay in their home. How do you know if you can? It's actually pretty straight forward because your lender looks at the situation from a strictly financial perspective. When you're in the evaluation stage of deciding whether to stay and fight to save your home or not, you too. Start by asking yourself these four questions.

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