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Use the HAMP standard modification waterfall to reduce your payments with a loan modification in Cleveland Ohio.

That is a good summary of the standard modification waterfall. This is a series on the standard modification waterfall and you will soon see more posts giving you the details so that you can keep your lenders on task. This knowledge is vital in making sure your lender follows the guidelines in offering you a modification. More often than not your lender will get the waterfall wrong so as to turn you down and foreclose on you. . . . → Read More: Use the HAMP standard modification waterfall to reduce your payments with a loan modification in Cleveland Ohio.

2010 The Year of The Short Sale- Breaking news! – Supplemental Directive 09-09

Is your home upside down? Do you feel locked in your home? There is good news!

Reuters reported, Treasury sets guidance to simplify “short sales”. The HAMP website released “Supplemental Directive 09-09” which is the new guidelines for servicers doing short sales (HAFA short sale details here – HAFA means Home Affordable . . . → Read More: 2010 The Year of The Short Sale- Breaking news! – Supplemental Directive 09-09