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Every day we get calls from homeowners looking for guidance regarding a potential home loan modification. These homeowners are frustrated, angry, confused, and unsure on what they actually need to do. They blame their bank, the government, President Obama, and anyone else they feel is responsible for their plight. That being said, the conversation usually goes something like this: TLMF: “How can we help you? What seems to be the problem?” Homeowner: “Well, we need a home loan... Read Full Story

As we approach the second half of 2010, many questions loom on what to expect in the housing market. As foreclosures continue to take their toll, everyone wants to hear that things will improve and the market will rebound but no one is sure how this will happen. While there have been some positive signs in 2010, the improvement is expected to be slow and no one knows what will happen to the economy in 2010 and beyond. From a loan modification standpoint, things are not expected to be too... Read Full Story

One of the most common questions homeowners want answered is how does a loan modification affect your FICO or credit score. There are a few pieces to this question and we will try to break it down in this post. While we will try to cover it here, wondering whether or not getting a modification hurts your credit is viewed as a silly question by many. Now we realize it’s important to protect your credit but at the same time, if you cannot pay your bills or you are struggling to put food on the... Read Full Story

As the unemployment numbers increase and the economy stalls, many homeowners who have missed multiple mortgage payments have received notices of default on their home . If you are behind on your mortgage, you know that you are served various papers from your lender constantly and it’s hard to determine what documents you should pay attention to. This post is intended to guide you through the foreclosure process so you don’t lose your home without a fight. If you have already explored all of... Read Full Story

Most industry experts spend so much time telling homeowners how to get their loan modified, they don’t tell homeowners what to do when their application eventually gets denied by their mortgage lender. Unfortunately, about 80% of all applications get denied so it is obviously a large amount of homeowners that are getting overlooked. These homeowners assume their situation is hopeless and promptly prepare for the worst case scenario. However, that is hardly the case but few homeowners know... Read Full Story

Many homeowners are experiencing the worst of this economy. They are experiencing both a hardship that doesn’t allow them to afford their current mortgage payment and their home is worth less than the total of the mortgages on their home. What to do what to do… Homeowners are undecided as to whether or not they should fight to keep their home or elect to short sale their home. There are pros and cons to both scenarios and we will highlight the areas you need to consider before you make your... Read Full Story

Everyone wants to know the “secret” behind getting a loan modification done. Homeowners are looking for any inside information that will get them approved for a loan modification without having to pay thousands in upfront fees. With the Home Affordable Modification Program (HAMP) otherwise known as the Obama Plan or Making Home Affordable Program, the lenders have uniform guidelines that allow them to determine whether or not they can help you. Thousands of homeowners have tried to work... Read Full Story

Okay, you know you need a modification and the whole process seems a bit daunting. Well, I’ve got good news for you… You can handle this! It’s true. Anybody can handle their own loan modification with a little guidance and help on the side. Some people just don’t want to deal with their lenders and that is fine. However, your lender would prefer to deal with you and the process may even go faster if they deal with you directly. What Are Your Options? Okay, there are a lot of different... Read Full Story

Did you know that since the “Obama Plan” was released in March, mortgage lenders have still foreclosed on 1.6-million homes.? Crazy isn’t it. The idea that mortgage lenders are going to stop the foreclosure process to help homeowners is a myth. They help homeowners who know what they are doing when it comes to following the loan modification application and submission process but every few homeowners know where to turn or what to do when it comes to getting a loan modification. That is why... Read Full Story

Have you noticed that every media outlet tells homeowners not pay someone upfront fees to handle your loan modification? Yet, these same media outlets do not provide any solutions to homeowners on how to modify their loan if they do not pay upfront fees. Now if you’ve tried the free services offered by the government, you’ve probably found even less help there. It is frustrating to say the least and there were limited options for homeowners to get their modification done without paying... Read Full Story