Defaulted Loans and Workouts
Frequently Asked Questions
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What is a loan modification, and how will it help me with my mortgage?
A loan modification occurs when a homeowner enters into an agreement with his or her mortgage loan servicer to change the terms of the mortgage. The goal of a loan modification is to … more -
What are the basic eligibility requirements for a loan modification under the Homeowner Affordability and Stability Plan?
You must meet some minimum eligibility requirements in order to qualify for a loan modification under the plan: · You have to live in your home, … more -
How long does it take to get a loan modification?
The length of time that it takes to get a loan modification depends greatly on how long it takes your mortgage holder to process your loan modification, as well as how long it takes you to … more
Legal Articles
- Is Hiring an Attorney for Debt Consolidation in My Best Interest?
If you are considering debt consolidation, you’re probably feeling stressed and overwhelmed. You may be getting calls from creditors or collection agencies. You may be wondering about the best way to improve your situation. An attorney with experience in debt consolidation can be an invaluable resource. There are a huge number of debt consolidation programs in the United States … more - Property That is Exempt From Bankruptcy
Historically, state law provided the property exemptions available to those seeking bankruptcy protection. However, the bankruptcy code now allows states to choose between the federal exemptions provided in the bankruptcy code or the exemptions provided in state law. Many states have chosen to continue to follow their state law exemptions but a minority of states have decided to … more
Legal Guides
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Deed-In-Lieu of Foreclosure Fact Sheet (HUD)
Thhis fact sheet from the Department of Housing and Urban Development explains the Deed-in-Lieu … more -
Loan Modification Fact Sheet (HUD)
This fact sheet from the Department of Housing and Urban Development explains loan modification … more -
Partial Claim Fact Sheet (HUD)
This fact sheet from the Department of Housing and Urban Development explains the Partial Claim … more -
Special Forbearance Fact Sheet (HUD)
This fact sheet by the Department of Housing and Urban Development explains a homeowner's option … more
Top Related Defaulted Loans and Workouts Topics
- Buying a Home
- Financing a Home
- First-Time Home Buyers
- Home Buyers and Mortgages
- Home Seller Breach of Contract
- Other Real Estate and Homeowner Issues
- Private Mortgage Insurance
- Refinancing a Home
- Regulations Concerning Deposits, Mailing Materials, and Contacting the Copyright Office
- Remedies for Tax Problems
