Tag Archives: Principal Reduction

What is Mortgage Loan Modification?

Posted on June 24, 2010 by admin

A mortgage loan modification is a permanent change in one or more of the terms of your loan creating a brand new contract between you and your lender. We will work with the lender to create a new contract that … Continue reading →

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Facing Your Fears – Has Your Mortgage Become Overwhelming?

Posted on November 9, 2009 by admin

When mortgage problems arise, some individuals take the wait and see approach, simply because they have never been faced with this type of problem before. Others, due to embarrassment, mental stress or feelings of inadequacy, put the problem off for … Continue reading →

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Principal Reduction Can Happen

Posted on February 6, 2009 by admin

While it’s true that principal reduction is not an easy-to-achieve outcome in a loan modification, it does happen with the help if a skilled negotiator. Our loss mitigation department recently won a case that dropped a client’s principal balance by … Continue reading →

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Loan Modification for Troubled Homeowners

Posted on December 6, 2008 by admin

Loan modification is a process by which the terms of a mortgagor’s loan is changed permanently. The modification is binding to both mortgagee and mortgagor so that the former can pay for the loan over modified terms often advantageous to … Continue reading →

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