Blog Posts in June, 2011
Posted on Jun 30, 2011 By Jacoby & Jacoby
The key factor in filing a successful loan modification application will be convincing the lender that you are suffering from a hardship that will be resolved if your mortgage payments are modified. A ...
Continue reading "Qualifying for Loan Modification: Hardships" »
Posted on Jun 27, 2011 By Jacoby & Jacoby
According to a recent study by the Center for Responsible Lending (CRL), it has been found that banks and other loan servicers often foreclose even though investors have more to gain from loan ...
Continue reading "Loan Modifications Prove More Profitable to Investors than Foreclosure" »
Posted on Jun 20, 2011 By Jacoby & Jacoby
In New Jersey, a class action lawsuit was recently filed against CitiMortgage on behalf of homeowners in the state who were denied mortgage loan modifications . The lawsuit alleged that the lender ...
Continue reading "Class Action Lawsuit Filed Over Loan Modification Denials" »
Posted on Jun 17, 2011 By Jacoby & Jacoby
How can mortgage loan modification help a borrower? It may offer several different options to ease one's financial situation, by: Refinancing your current mortgage Changing the original terms of ...
Continue reading "The Benefits of Loan Modification" »
Posted on Jun 6, 2011 By Jacoby & Jacoby
Consumers throughout the U.S. are borrowing again, but many are reluctant to borrow on credit cards. According to statistics from the Federal Reserve Board, the amount of outstanding credit card debt ...
Continue reading "Consumers are Still Borrowing, but Less on Credit Cards" »