Upcoming Foreclosures

Why is it most Mortgage Lender's cannot offer a modification?

Fannie Mae and FHLMC excluded. Talking about the subprime and alternative programs. The answer I am told will get you out of foreclosures I am told...

Public Comments

1. What? Let me see if I understand. A mortgage lender offers a product, a loan package, with certain terms and conditions. The lendor will borrow the money from one source and lend it to a consumer. The consumer accepts the deal. The deal is made. Now you want the lender to change the terms? Why should they?
2. ya this i one reason for the bank bail outs call around you local govt offices to see if there is a program in your area to help you
3. All lenders who hold you note can modify. they make the rules regarding what they can or will offer to you. Submitting a clear and complete loan modification request is key. Try here to get any questions answered: www.affordableloanmodificationservices.com
4. possibly you are too far out of equity, or even with a modification you can no longer afford your home.