Loan Modification

Will the Revamped Underwater Refi Program Actually Work?

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Survey Says….? On Thursday, November 24 (the same day that you were setting the table and basting the turkey), I was checking out an interesting article in the San Diego Union Tribune. In this article, eleven local and well-respected folks in the field of real estate were asked the following question, “Do you believe the [...]

December 14, 2011 3 comments CONTINUE READING THIS POST →

House Voted to Terminate HAMP – What Will Borrowers Do?

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Just about all of the major news outlets–Wall Street Journal, Housing Wire, the Huffington Post– reported that the House of Representatives voted on Tuesday to terminate HAMP, the government’s loan modification. The vote was 252-170 in favor of terminating the program almost two years early. While the program was originally thought to be able to [...]

March 31, 2011 1 comment CONTINUE READING THIS POST →

Loan Mod Re-Default Stats Make Good Water Cooler Conversation

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Some people are more interested in statistics than others. Personally, I am fascinated by the statistics surrounding the trials and tribulations of the HAMP and HAFA programs (the government’s loan modification and short sale alternative programs). I speak with so many people that call me at the very last minute when their loan modification has [...]

February 9, 2011 3 comments CONTINUE READING THIS POST →

Hope (for a Loan Mod) Is the Thing with Feathers

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(Disclaimer: My apologies to Emily Dickinson whose poem, Hope, prompted this post.) Way back around 150 years ago, Emily Dickinson wrote this poem entitled Hope. Maybe you remember reading it in high school? Well, the first line of the poem begins ‘Hope is the thing with feathers.’ I wonder if Miss Dickinson had a crystal [...]

February 4, 2011 0 comments CONTINUE READING THIS POST →

Our Government Has an Aha Moment – Too Little, Too Late

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(Disclaimer: Not recommended for readers who do not like sarcasm.) I always wonder why Barack Obama and his minions do not just call me on the phone. I could probably shed light on many of the issues plaguing our nation and save all the mucky mucks a lot of time. After all, it we me [...]

January 30, 2011 3 comments CONTINUE READING THIS POST →

HAMP Program – Latest News on Success (and Failure)

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On December 14, 2010, the Congressional Oversight Panel (www.cop.senate.gov) issued a report that essentially states that the HAMP program (Obama’s loan modification program) has not been nearly as effective as previously hoped. In the assessment made by the panel, it is stated that the government’s loan modification program (HAMP) clearly has not helped the 3 [...]

December 31, 2010 7 comments CONTINUE READING THIS POST →