Archive for the 'Loan Modification' Category

Loan modification as a worthy foreclosure alternative – Valid reasons to go for it

Friday, June 7th, 2013

Have you been struggling to make your monthly mortgage payments due to lack of cash in your account? With the rise in the number of debt obligations, there are too many cash-strapped homeowners who are losing their home-ownership rights to forced foreclosures by the bank or the mortgage lenders. Did you know that you’re able [...]

Foreclosure Versus Loan Modification

Tuesday, December 11th, 2012

I introduced the Helping Families Save Their Homes In Bankruptcy Act of 2009 to give courts the power to modify mortgages to bring them in line with underlying home values. For families in distress, this is a much-needed reform. And considering the realistic alternatives, it is fair to all concerned. Foreclosure Versus Loan Modification – [...]