Waterfall Questions Relating to HOPE for...

Standard Modification Waterfall Questions Relating to the HOPE for Homeowners (H4H) requirement. While the servicer is gathering information to determine if a borrower meets the minimum eligibility criteria for HAMP, it should also be assessing whether the borrower may be eligible to refinance through...

Foreclosures dropped in March...

Foreclosures dropped in March, year-over-year, but the state is still seeing a rising trend during 2010.Foreclosure specialist RealtyTrac brings out its March numbers today, and around the nation total filings were at their highest level since the firm began keeping records in 2005. Looking over the...

How to calculate Debt Settlement Savings...

Debt settlement is when you and a creditor agree to let you pay less than the balance owed, as payment in full. The amount of money that a credit card company will accept will vary from company to company. You may be able to get a good offer. Creditors will not settle debts until you are past due 90...

What is foreclosure mediation?...

Foreclosure mediation attempts to allow the lender to collect money owed, the homeowner to keep their home, and an agreement to be made on payments that are fair for both parties involved.Who among us has purchased a home they really couldn’t afford and went into foreclosure?  Judging from the...

Bill proposed to help Commercial Loan Mo...

commercial real estate Commercial real estate is predicted to be the next crashing real estate bubble with billions of dollars in troubled loans come due every month.  Commercial loan modifications continue to be on the rise but a bill introduced this year could help bring foreign investors to the...

Hiring an Experienced Loan Modification ...

Many families are struggling with job loss and many are seeking a loan modifications to save their home. Lenders are shown that they are not willing to easily modify a loan and often initiate steps for foreclosure the moment you default your secong monthly payment.   They dont care about your house,...

Foreclosure and mediation laws by state...

Arizona: AZ Law Help has developed a “Lawyers Helping Homeowners” program as an effort to help homeowners in working with lenders to avoid foreclosure.  This program is sponsored by the State Bar of Arizona, the Arizona Foundation for Legal Services & Education, and the Arizona Supreme Court. ...

Florida banks move to speed up foreclosu...

If bankers get their way, Floridians facing foreclosure could be kicked out of their homes in as little as three months. The Florida Bankers Association, the 400-member-strong lenders’ lobby, has presented state legislators with a bill to upend decades of Florida law and establish “non-judicial”...

Why we don’t charge Setup Fees...

Maybe I’m not supposed to be telling you this — Sort of like a car salesman revealing the cost for the clear coat sealant is actually bogus. At Captaloans we offer a free trial and make it a practice not to charge any type of new client setup fees. Our prices are low enough that we probably...

Getting training as a loan processor...

The business of loan processing can be a lucrative field if you know where to get training and how to get your foot in the door.  There are numerous types of processor positions including conventional mortagage, loan modification, and commercial loan processor positions. What does a processor do? ...