Image via Wikipedia It seems like there was a lot of talk of the government helping consumers out of their debt problems. The premise was that this would jump start the teetering economy. Did it happen? I’m kinda asking the question out loud and hoping for your input. I am not really seeing it. Loan [...]
Are Servicers Forgoing Loan Modifications for Foreclosure for Profits?
Image by respres via Flickr A recent report “Why Servicers Foreclose, When They Should Modify, and Other Puzzles of Servicer Behavior,” from the National Consumer Law Center (NCLC) seems to indicate that another record month of foreclosures is the result of servicers taking the more profitable road. This report makes the case that foreclosing on [...]
Is Debt Forgiveness What Loan Modifications Need?
Image by Getty Images via Daylife Loan modifications are all the rage in government and the media, but where the rubber meets the road they may not be getting it done. It seems that very few of these troubled loans are actually getting modified and when they do they simple seem to be delaying an [...]
Home Sales Up, Housing Prices Still Down?
Image via Wikipedia If you are in the mortgage or loan modification business, maybe even the debt settlement business you certainly have an eye on the real estate market. I am still amazed at how much the bottom fell out of this market. When will it turn around? There was some small victory-dancing going on [...]
Mandelman Matters – Great Loan Modification Coverage
Image via Wikipedia I love to find people who can provide good, accurate coverage and blend in a little humor-Martin Andelman is that guy. Quickly becoming the obvious loan modification expert in my RSS reader this guy is on top of every little movement in loan modifications and he’s funny…even by his own admission! So, [...]
Making a Loan Modification Sale – The Basics
Image by Getty Images via Daylife Even though mortgage and housing market news seems to be all negative, there are several opportunities to grow your business, particularly if you are helping homeowners with loan modifications. Homeowners are desperate for assistance. Meanwhile, bank and government programs are struggling to get the attention and reach all of [...]
Loan Modification Programs Make Aged Leads More Valuable
Image by Getty Images via Daylife New loan modification programs seem to be springing up daily. The latest is Obama’s mortgage modification plan–”Making Home Affordable.” New Programs What does this have to do with making aged leads more valuable? Simple, every new program is broader and more inclusive. This makes every aged lead that was [...]
Consumer Debt and Foreclosures Soaring, How Can You Help?
Foreclosures continue to soar, up 25 percent year-over-year. Nearly 280,000 homeowners have received a foreclosure related notice in October jumping 5 percent over the prior month, according to RealtyTrac. Rising Consumer Debt and Sinking Economy These rising numbers are sure to keep your debt business hoping. Unlike the rising number of bank bailouts and loan [...]
