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Walk away? - TARP recipients required to do loan mods - Situation assessment

"Walk away?"
Lenders will tell you to walk away from services like ours, calling us "scam artists" in the process. They don't want to fight with our attorneys over your loan modification. We are committed to (1) proof your hardship, and (2) get the maximum possible benefit. This could be your best "refinance" ever, creating a new financial beginning for you and your family. Leave it to the experts. Don't go it alone!.
Situation assessment
1. Lenders/servicers are swamped, but turn times continue to improve
2. Ineligible home owners are applying for loand mods Get pre-qualfied
3. Lenders are resisting loan mods by disputing hardship and inability to pay.
4. Non principal residence loan mods are just as likely to be granted
Homeowners trying for loan modifications they don't really deserve
There's anecdotal evidence that an increasing number of homeowners are trying to pull the wool over their lenders' eyes. In some cases, they are lying in an effort to save their homes from foreclosure. But in other instances, they are trying to convince lenders to grant them new, more favorable loans they don't really deserve. Read more
(We (pre-)qualify all our clients twice: at time of intake, and again once all documents have been received - P)

TARP recipients are required to modify loans, HUD says
Banks receiving federal aid through the U.S. Troubled Asset Relief Program must also take part in the government’s mortgage modification initiatives, Housing and Urban Development Secretary Shaun Donovan said. Read more

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Posted Monday Apr 13