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Articles tagged with: loan modification

South Florida Short Sales »

[22 Nov 2010 | No Comment | ]

Everybody seems to want to get a lawyer and fight the bank with a foreclosure defense case. I have written about this before but yesterday’s article in the Miami Herald throws new light on the issue. I am not a lawyer and can’t give legal advice but here are a few questions to consider.
Firstly, what is your goal in foreclosure defense? If it’s time in your house without having to pay the mortgage, then you have a pretty good chance. However, I would be concerned about what is going to …

South Florida Short Sales »

[6 Nov 2010 | One Comment | ]

In the news this week have been stories about those who have been working on loan modifications with their lender but getting their homes sold out from under them at the foreclosure auction.
The case of Stephanie Lulko loan modification from Oklahoma City is particularly disturbing.  JP Morgan Chase agreed to a trial loan modification under the HAMP program.  She made monthly payments for 6 months and then the bank said she earned too much to qualify and will have to pay $5000 or the bank will foreclose on her home.  She …