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Category Archives: Mortgage Modification

Think Twice Before Walking Away on an Underwater Home

Written by Eric Deeter on August 31, 2010 — Leave a Comment

Fannie Mae is getting tough on strategic defaults.

Also posted in For Sellers, Loans and Mortgage | Tagged foreclosure, Loans and Mortgage

Real Hope for Underwater Homeowners

Written by Eric Deeter on January 14, 2010 — Leave a Comment

Business Week reports that lenders are sometimes reducing the principal of a mortgage when doing a loan modification.

Also posted in Foreclosures, Short-sales

Asking for Loan Modification May Not Always Be a Good Idea

Written by Eric Deeter on January 4, 2010 — Leave a Comment

Loan modifications may not be a good idea for people with equity in their homes.

Also posted in Foreclosures