Last Tuesday, Aug 04, 2009 the Treasury Department announced that big lenders such as JP Morgan Chase and GMAC have started mortgage loan modification on only 20% of eligible mortgages. Overall, only 235,247 or only 9% of all homeowners in the US had actually been helped by the federal government program to save American homes [...]
Archive for August, 2009
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Powerful Debt Reduction Softwares
August 3rd, 2009 
Elisheva Wiriaatmadja I have found a few tools that can make a difference in your struggle to get out of debt. People who successfully reduce their debt use different kind of tools and some use something just as simple as a computer spreadsheet. The goal of using such tools is to help you budget your monthly spending [...]
Hardship Letter for Loan Modification
August 2nd, 2009 Elisheva Wiriaatmadja One of your options to save your home besides refinancing is getting a mortgage loan modification. This option is the best choice for struggling homeowners who can not go for mortgage refinancing. To apply for a loan modification, you are required to submit a letter that proves your financial hardship which states the reason as [...]
