Discover how loan modification can help you avoid foreclosure, understand government programs available, and learn the steps to apply effectively.

Loan modifications are a long-term mortgage relief option for borrowers experiencing financial hardship, such as loss of income due to illness. A modification typically changes the loan’s rate, term ...

— -- The Obama administration's $75 billion program to reduce foreclosures has been beset by backlogs and delays, leading many overstretched homeowners to complain about unreturned phone calls ...

Discover how many mortgage payments you can miss before foreclosure starts and learn about lender exceptions and housing ...

Loss mitigation is a collaborative process between borrowers and mortgage servicers to prevent foreclosure. It involves various strategies to help homeowners manage their mortgage payments and avoid ...

Preforeclosure begins when a homeowner has missed several monthly mortgage payments (often three consecutive payments in a row). Preforeclosure indicates that the lender is legally pursuing ...

This week, our CRED iQ research team explored trends in workouts and resolutions for commercial real estate securitized loans so far in 2024. This analysis included the workout strategies across ...

No one wants to deal with the ramifications of defaulting on a mortgage, but these tips could help ease the pain.

With mortgage interest rates falling, homeowners are hunting for ways to cut their monthly payments. Refinancing remains hugely popular, but a lesser-used hack could also save you hundreds each month: ...

Foreclosure filings continue to mount locally, though more are being pulled before a sheriff’s auction as banks negotiate loan modifications. In Butler County, 268 foreclosure filings were processed ...

Mortgage defaults have risen slightly since this time last year, according to data from the Mortgage Bankers Association. Seasonally adjusted, the delinquency rate for all mortgages was 3.98% in the ...

Legal Action can Force Servicer to Grant Loan Modification when the Investor is being Sued. After months of legal battles, Kim successfully secured a loan modification in November 2024, allowing her ...