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Tag Archives: loan modification
Glossary of Terms
Glossary of Terms used in the loan modification and foreclosure assistance program. Simple to understand mortgage contract terms explained in detail. Continue reading
Posted in Florida Foreclosure Information, Foreclosure Assistance, Foreclosure Counselors, Foreclosure Education, Foreclosure Process, National Foreclosure Information
Tagged abstract, abstract of judgment, abstract of title, acceleration clause, account, addendum, adjustable rate mortgage, agent, agreement, agreement of sale, alienation clause, all inclusive, amortization, appraisal, appreciation, arm, arrears, assigment, assignee, assumable mortgage, attorney, ballon payment, Bankruptcy, beneficiary, bid, borrower, breach, broker, buy down mortgage, buyer, buyers market, capital gain, cash, cash flow, certificate, certificate of sale, chain of sale, chapter 11, chapter 13, chapter 7, clause, closing, closing cost, closing date, cloud on title, co-signer, code, collateral, collection, company, comparable, complaint, contingency, contract, conventional loan, conveyance, cosigner, costs, counteroffer, credit, credit line, credit report, creditor, debt, debt ratio, debtor, decree of foreclosure, deed, deed in lieu, deed of trust, default, defeasance clause, defendant, deficiency judgment, delinquency, demand letter, department of housing and urban development, disclosure, due dilligence, due on sale clause, equity, escrow, escrow account, estate, estimate, estoppel, estoppel certificate, eviction, fair market value, fannie mae, fha, fha loan, first mortgage, freddie mac, garnishment, glossary, good faith estimate, grantee, grantor, home, home equity loan, hud, hud 1, indemnify, instrument, insurance, involuntary lien, judgment, judicial, judicial foreclosure, landlord, lease, lease option, lender, letter, lien, lis pendens, loan, loan modification, loss mitigation, loss mitigation department, market, mechanic, mechanics lien, mitigation, mls, mortgage, mortgagee, mortgator, multiple listings service, non judicial foreclosure, option, power of sale, pre-foreclosure, purchase, quit claim deed, real estate owned, reconveyance, redemption, reo, report, rescission, sale, sales contract, sherrifs sale, short sale, statement, tax, tenant, terms, title, trust deed, trustee, va, veterans affairs, warranty deed, yield, zoning
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Mortgage Forgiveness Debt Relief Act
The Mortgage Forgiveness Debt Relief Act of 2007 and 2008 was enacted on December 20, 2007. Generally, the Act allows exclusion of income realized as a result of modification of the terms of the mortgage, or foreclosure on your principal residence. Continue reading
Posted in Florida Foreclosure Information, Foreclosure Assistance, Foreclosure Counselors, Foreclosure Education, Foreclosure Process, National Foreclosure Information
Tagged avoid foreclosure, Bankruptcy, cancellation of debt, debt, debt forgiveness, discharge of indebtness, foreclosure, foreclosure relief, form 982, income, insolvency, internal revenue service, irs, loan, loan modification, mortgage, Mortgage Forgiveness Debt Relief Act of 2007, principal residence, principal residence only, refinance, second home, short sale, stop foreclosure
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Florida Foreclosure Information
Links to important foreclosure news and mortgage foreclosure protection laws in State of Florida. A ever evolving process in the number two (2) state in foreclosures on a national scale. Florida foreclosure information help and pre foreclosure counseling. Continue reading
Posted in Florida Foreclosure Information, Foreclosure Assistance, Foreclosure Counselors, Foreclosure Process, National Foreclosure Information
Tagged florida, florida foreclosure assistance, florida foreclosure process, florida loan modification, florida mortgage foreclosure protection law, florida mortgage law, florida state laws, florida statues, foreclosure, Foreclosure Process, foreclosure protection law, law, loan modification, protection law, state statues
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Fannie Mae Increase Cash Incentives Paid to Servicers to Avoid Foreclosure
Fannie Mae Increases Cash Incentives Paid to Servicers and Banks to Avoid Foreclosure Continue reading
Posted in Foreclosure Assistance, Foreclosure Education, Foreclosure Process, National Foreclosure Information
Tagged avoid, borrowers, cash, cash incentive, counseling, credit, deeds-in-lieu, fannie mae, financial hardship, foreclosure, foreclosure loan modification, home, homebuyers, homesaver, incentive, incentives, Increase, loan, loan modification, loan modification counseling, loss, management, mitigation, modification, paid, pre-foreclosure, repayment, servicers
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Freddie Mac Doubles Financial Incentives to Servicers Who Help Borrowers Avoid Foreclosure
Freddie Mac Doubles Financial Incentives to Servicers Who Help Borrowers Avoid Foreclosure. One of the nation’s largest investors in residential mortgages, Freddie Mac also announced it will start reimbursing servicers for the cost of door-to-door outreach programs, give servicers more time to negotiate workouts in states with fast foreclosure processes, and make administrative changes intended to streamline the workout process. Continue reading
Posted in Foreclosure Assistance, Foreclosure Counselors, Foreclosure Process, National Foreclosure Information
Tagged alabama, alaska, america, arizona, arkansas, asset, association, avoid, banker, banks, beckles, borrowers, california, compensation, delinquency, doorhangers, financial, foreclosure, foreclosure policy, freddie, freddie mac, georgia, Hawaii Foreclosure Assistance, incentive, incentives, ingrid, investor, investors, loan modification, loan modification reward, mac, management, maryland, michigan, minnesota, mississippi, missouri, mortgage, mortgage bankers, mortgage bankers association, new hampshire, north carolina, policy, pre-foreclosure sale, process, property, reimburse, repayment, reward, reward system, rhode island, sale, servicer, servicer performance profiles, servicer reward system, servicers, short sale, short sale reward, tennessee, texas, virginia, west virginia, workout, wyoming
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Erika Echevestre – Regional Director
Erika Echevestre is a volunteer serving The Helpful Hands Foundation in the capacity as a foreclosure prevention counselor helping people facing the foreclosure process through loss mitigation and loan modification in Florida. Continue reading
Posted in Florida Foreclosure Information, Foreclosure Assistance, Foreclosure Counselors, Foreclosure Education, Foreclosure Process, National Foreclosure Information
Tagged counseling, florida, Florida Foreclosure Information, foreclosure, Foreclosure Assistance, Foreclosure Counselors, Foreclosure Education, foreclosure help, foreclosure prevention counselor, Foreclosure Process, foreclosure rescue consultant, Fund Raising, loan modification, loss mitigation counselor, mortgage foreclosure loan modification, National Foreclosure Information, portuguese, spanish, stop foreclosure, volunteer
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