A reader of AskTheMoneyCoach.com is dealing with a potential foreclosure situation. Of course, they’re trying to avoid foreclosure. This individual is interested in getting a loan modification and has gotten an offer for help. The dilemma this person is facing, however, is, whether or not this company offering loan modification services is indeed reputable and […]
Is This Loan Modification Offer Legitimate or a Scam? Read More »
A bank won’t let a woman refinance her house without her husbands signature. The problem is that the woman and her husband separated after being married for just one year, and the current mortgage is in her name only. What should she do? Click to hear Lynnette’s advice.
I Can’t Refinance My House Without My Husband’s Signature. What Should I Do? Read More »
Question: “During 2007, I was working a full‑time and a part‑time job. I lost the full‑time job due to a reduction in force with the federal government. I was paying my creditors until my unemployment was revised. “My question is this. I tried to re‑mortgage my house. I tried to get a home equity loan, but
Should You Borrow From a Subprime Lender Read More »
Q: My husband and I are underwater on our lovely historic 1930 era home, which we hoped to grow old in. We paid $783,000 for it back in 2005, when we had a six figure income as a couple and could afford it. Our home is now worth about $500,000. What should we do? A:
Advice if Your Home is Underwater Read More »
If you’re wondering should you cancel a loan modification, the short answer is: probably not—especially if you’ve already completed the trial payment period. Homeowners facing financial stress often seek loan modifications as a way to avoid foreclosure and get back on stable financial ground. But when the process drags on with little communication, it’s understandable
Should You Cancel a Loan Modification? Read More »
