Truth in Foreclosure

President Obama’s Home Affordable Loan Modification

This took a little longer than I wanted it to, but I wanted to be as thorough as possible for you. I'll start with the loan modification part of the President's plan first since I know that's what most of you want to know about. Come and read about the qualifications, the process, and the lack of principal reductions.

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Who Determines What’s An Acceptable Workout?

When you start negotiating with your lender or servicer, it may seem like they're dragging their feet. But what you don't see is everything that's going on in the background. Because of the primary and secondary mortgage markets and private mortgage insurance, your service may just be collecting your information to pass on to someone else. The more you know about your loan and the mortgage market in general, the better off you'll be in negotiations. Check out the video on why mortgage guidelines matter to you as a consumer too.

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