March 31st, 2009 by Michael E. Riley
By default, most people are optimists. We all like to think that if our government creates a policy in a time of a crisis we can all depend on it to fix the problem at hand. The Obama administration has moved very quickly to address the housing problems that we all face as a nation and I applaud the effort.…
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March 18th, 2009 by Michael E. Riley
Several government-subsidized loan modification programs made it easier than ever for struggling homeowners to modify their mortgages to a more affordable rate and prevent foreclosure. Borrowers who wanted to refinance in the past but could not qualify because their properties have lost value may be able to get a new more affordable rate meaning a lower payment.
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February 28th, 2009 by Michael E. Riley
In the past when homeowners were faced with job loss or a change in circumstances that restricted their ability to afford their home and were not able to pay their mortgage they would have the option to refinance with lower interest rates or sell their property. For most currently this is no longer a viable option.
Struggling homeowners cannot refinance…
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February 26th, 2009 by Michael E. Riley
Loan Modification Hope is an organization created to raise financial awareness in all social and economical classes primarily focusing on unemployed adults, youths in crisis who face economical and social hardships and families and folks facing foreclosure through group education developed through our organization.
Remember, not all options will…
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February 23rd, 2009 by Michael E. Riley
Presently the banks are often unable to help reduce mortgage rates for homeowners that are current on their loans. The Obama's proposed plan is designed to alleviate the situation by encouraging banks to refinance or modify mortgages for responsible homeowners even if they are not yet behind on their payments.
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