As the housing crisis hit, many homeowners turned to a loan modification as a means of keeping a home. However, there are several factors and truths about the loan modification process that Florida homeowners may want to investigate before thinking it is the only...
Loan Modification vs. Bankruptcy
Choosing between mortgage modification and bankruptcy
When you are in the midst of a long-lasting financial crisis, it can be difficult to know where to turn or what steps to take to regain control. Luckily for homeowners in Florida, there are options, and anyone in crisis should explore the different options in order to...
Is Chapter 7 bankruptcy a viable option for seniors?
Some older residents of Florida may find that the burden of their debt load has become overwhelming. Such circumstances may result from medical expenses, financial aid provided for needy children and, in some cases, even study loans. Unfortunately, many seniors are...
Bankruptcy can help homeowners avoiding home foreclosure
Not being able to pay a mortgage or make the payments on a second mortgage can lead to fear and anxiety for any homeowner. Florida homeowners may be interested to learn how filing for bankruptcy can help in avoiding home foreclosure altogether. The type of help...
Loan modification program extension may benefit Florida owners
Many homeowners found themselves on the verge of home foreclosure after the recession hit. Fortunately, the number of potential foreclosures has been reduced in Florida, thanks in part to federal programs aimed at helping struggling homeowners obtain loan...
When loan modification is tempting, review bankruptcy options
There may be nothing more frightening for a family than being unsure if it can catch up on a mortgage or if permanent action to save the home is needed. One option that more and more people have turned to recently is a loan modification. While a loan modification may...
Major lenders set to help those who sought loan modification
As the recession hit, many homeowners had no choice but to seek help from their lenders. One source of help for many in Florida was a loan modification. A loan modification under the Home Affordable Initiative in 2009 helped many people obtain new payment amounts that...
Bankruptcy may help loan modification process for Florida folks
For those who are struggling with making monthly mortgage payments, understanding the options and consequences of those options is imperative. One option for those who want to keep their Florida home is to obtain a loan modification. However, this leaves a homeowner...
Loan modification scams can make finances worse
For many struggling homeowners, the ability to seek and be approved for a loan modification has been a saving grace of sorts. However, complications when it comes to being approved for a loan modification or falling prey to a loan modification scam can all make a...
Loan modification scam hoodwinks Florida homeowners
When a homeowner is having trouble keeping up with a mortgage, a loan modification through his or her lender may be the right choice. However, choosing between a loan modification and whether to file for bankruptcy can be a difficult decision. It can be made even more...