Archive for February, 2011

12 News Loan Mod-a-thon continues

12 News continues its third "Home Loan Mod-a-thon" Tuesday March 1st. During the first 5 ½ hours of the Mod-a-thon Monday evening several hundred homeowners were assisted with mortgage problems.

Tips

Housing experts will talk about loan modifications and refinancing at 5 p.m. Monday on WFOR-CBS 4. Consumer reporter Al Sunshine reports from the phone bank and viewers can call in for free advice at 305-597-4404.

Call the 12 News Loan Mod-a-thon

12 News is conducting its third "Home Loan Mod-a-thon" Monday and Tuesday (Feb. 28th and Mar. 1st). Previous loan mod-a-thons in May and November last year each assisted close to a thousand homeowners with mortgage problems.
U.S. mortgage servicers face a new era of tighter oversight as regulators seek to cut the number of botched foreclosures and increase loan modifications for struggling borrowers.
"Many borrowers seeking to obtain modifications of their commercial real estate loans are not good candidates for such loan modifications," stated Kevin Levine, Executive Vice President of Strategic Asset Solutions (SAS) of Woodland Hills, California. "In our initial interviews with prospective clients, we are able to draw upon our experience dealing with a wide variety of lenders in advising ...