mortgage loan modification - Articles

Homeowner Kimberly Smith's Mortgage Loan Modification Saved Her Only $1.61 Per Month

Stone Mountain, Ga., resident Kimberly Smith couldn't believe her eyes when she saw how much she was saving on her mortgage under a loan modification with Bank of America. That's not to say that it was a generous amount: Her monthly payments went down by a grand total of $1.61. "It has to be a Halloween joke,"... Continue Reading »

'Mortgage Prof': 5 Reasons Banks Would Rather Foreclose

"Why won't the bank just reduce the amount of my loan instead of taking my home and then selling it to someone else for way less than I would have been happy to pay?" It's a question that gets asked repeatedly these days, especially by people who are facing foreclosure or are upside down on their mortgages. Continue Reading »

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