According to the Wall Street Journal this morning almost 30% of homeowners in this country are underwater on their mortgages, or owe more to the bank than their property is worth. The article below is a good "how to" if you're in the loan modification catagory. If you're not sure which "servicer" is responsible for managing your loan payments check below:
http://www.inman.com/buyers-sellers/columnists/jackguttentag/the-loan-mod-do-list
Bank of America 800-846-2222 www.BofA.com
Chase 800-873-6577 www.Chase.com
Citimortgage 800-667-8424 www.CitiMortgage.com
GMAC Mortgage 800-766-4622 www.GMAC.com
Washington Mutual 866-926-8937 www.WAMU.com
People planning to engage in a loan modification program should have the basic knowledge regarding the program. The ever rising need of mortgage loan modification due to financial crisis(low income and rising expenses), a lot of companies offering this service have emerged like mushrooms so be cautious in choosing one.
Find out if they have any professional malpractice insurance, in case they either make a mistake that costs you your home, or worse, take your money and fail to perform. Oregon lawyers have insurance that will cover you if the lawyer commits and error.
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Ace Cash Express
http://acecashexpress.com/
Posted by: Lis of Ace Cash Express | August 25, 2009 at 01:50 PM