Is your mortgage causing you trouble Are you having difficulty making the payments

Recent legislation at the state and federal level as well as some recent bank takeovers by the FDIC have made loan modification application rates soar Unfortunately, most consumers on their own are having little to no success modifying their loan, unless it is just a forbearance agreement in which the lender allows the borrower to pay back any monies that are in arrears over time

You bought what you thought would be a great long term investment, and maybe you put very little money down hoping values would continue to climb Then the housing bubble popped and your home value took a huge downturn, especially in California housing markets, Florida Housing markets, and Nevada Housing markets

Consumers who are facing foreclosure have become prime targets for former or current mortgage brokers, and other “loss mitigation” or “loan Modification” companies You should think twice before sending your money and signing a contract with any company that does not allow you to actually retain an attorney to negotiate on your behalf

2 years ago, I decided to take out an adjustable rate mortgage on my Florida home as the Mortgage Broker convinced me this was the best financial instrument given my goals and cash flow position I had only planned to be in the home for a short 3-4 year period, so the lower payment made sense at the time