Kelly Votrenom
HELOC loan modification and FICO
My HELOC is coming to the end of it's draw period and my income has changed so that I have not been able to qualify for a new loan. Since interest rates are changing I don't want to stay with the HELOC to the end of t...
Marcus Griffin
1st deal loan modification help
I purchased a home sub2 that was a pre foreclose. The bank is offering 2 options for modification. I pay $14k and keep 3.5% interested rate and $1900 payment or no upfront payment put interest go to 7% with $2500 paym...
Account Closed
Loan Modification Rate Increase Question
Let me start with "I'm a newbie."I've started hearing a little bit about rate increases for homeowners who used the government's Home Affordable Modification Program (HAMP) loan modifications beginning in 2009 (5 year...
Frank Guzman
When is a loan modification fraud and who is responsible?
Owner of 2nd mortgage started foreclosure 2018 for non-payment and was pulled into Chapter 13 BK. BK Judge released BK hold to allow foreclosure by me after I proved the Original owner had quit-claimed property to ano...
Joe Cassandra
Loan Modification Foreclosures about to Explode
It's weird...
I just read this post today on Marketwatch
https://www.marketwatch.com/story/heres-the-hard-truth-about-the-mortgage-markets-that-isnt-being-told-2020-04-02?mod=home-pageThe gist is that many mortgage ...
Joe Taylor
Home modifications an Expense or CapEx?
I had situation this year that I'm not sure per tax code if the costs would be deductible or require depreciating.
Accessibility modifications, which could be wheel chair ramps, door widening, shower modifications. ...
John Banes
Loan servicing practice
Hello my name is John and I have recently been sold to another loan servicing and I was given a HAMP modification through the loan servicing that sold my mortgage to the one I have now and I wasn't told at the time of...
Bob Malecki
Advice sought on balloon note modified in 2012 re Dodd Frank
We purchased a first position note on a home in WA which was a hard money originated note originated in 2007 with a balloon due in 2008. The previous note holder modified the loan with the borrower in 2012 and specifi...
Jennifer Kirila
Which comes first: home equity line of credit or modification?
Hi, I am confused and need some advice. I started an application to get a home equity line of credit to consolidate debt. This will help a lot because I have a huge amount of debt and all the individual monthly paymen...
Baltazar Haro
Took over a fourplex with a strange lease agreement. [TX]
Hello everyone,I have a question for landlords, I purchased a fourplex and Im looking over their lease agreements and I see that its been modified by the previous landlord. The lease is typed out but the modification ...