Blog

“I don’t understand why my mortgage company has asked me to resubmit our loan modification papers 12 times!” Recently, on a call with a client. He expressed his frustration that the bank has just repeatedly asked him to complete the loan modification paperwork over and over again over the last several...

Today, I wanted to share a story about Paul with you. He had filed for bankruptcy when he was going through foreclosure for the first time. He had been making the payment for a few years, but it was really challenging. Sometime in year three, Paul was told he would have to sell his home in order to complete...

One of the things we used to hear homeowners tell us the most about how they were going to avoid foreclosure was that they were going to complete a loan modification. The conversation would go something like this: Homeowner: We’ve already got it taken care of. Second Chance Home Heroes: Oh, that’s great...

Would you “plug” a tire with a piece of duct tape? You’re probably thinking, what a stupid question! That wouldn’t get you very far! That’s what doing a loan modification is like… a long shot of working, and even if it does… it won’t get you very far.  What is...

Wondering why you could get a loan modification if you wouldn’t qualify for a refinance? It’s a valid question. I mean, are they really all that different… In the grand scheme of things, no. But… the reason you are not able to qualify for a refinance is that the payments are not current, and your credit...

Personally, I’m not a fan of reverse mortgages. Mostly because I work with heirs after the person who has gotten a reverse mortgage has passed away. So, I have only seen the negative effects of a reverse mortgage. However, there are reasons it might make sense for someone to get a reverse mortgage. ...