It will show you what kinds of issues are addressed in your area.You can then make your modifications and make notes as to what you want to do.

It is worth asking about a modification, if you and your ex qualify.

Mixed in that number and hard to separate out are the re-defaults from both forbearance and modification that simply can't make it work.Now bare in mind, the total number of foreclosures has been forecasted to be around 15 Million.

Owner had a loan modification done, so now her monthly payments are 2,000 per month.

There are many law firms that have gone up against the banks since the onset of the banking crisis to try and get loan modifications or other concessions for their borrowers.

Reality is far from the guru speak.As an example, buying a note originated prior to the land mines being tossed out, would be fine, understanding the process which is not difficult but it is the valuation and collateral assessment that needs to be studied and understand that you may not be able to modify that old note, as a new modification or extension of debt can be seen as making a new loan or lending arrangement.

It costs about $75.The endorsement provides the assignee of a mortgage or deed of trust insured under a CLTA Standard Coverage Policy or an ALTA Loan Policy with assurances concerning (a) the validity of the assignment to evidence the transfer of the entire beneficial interest of the named assignee; and (b) that no full or partial reconveyance, and no modification or subordination of the insured mortgage or deed of trust appears of record.

I have seen 50-50 splits a lot (although that is usually if one partner brings all (or almost all) the funds to the table, and since you are also bringing cash, a modification might be needed.

If you need something else to read before you go to bed tonight you can also google the Maryland Credit Service Act which covers foreclosures, loan modifications, deficiency judgement negotiations etc.This is the basics.

In the meantime I have a neighbor that I've basically walked through the modification process for the last 2 years (she's a nice lady and doesn't understand much about real estate, except the fact that she owns a home).