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Loan Modification Videos
17th February 2009
The Loan Modification Outlet’s Bryan Dornan interviews Jeff Morris, a former California mortgage broker about the home financing industry for loan modifications. Loan Modification specialist, Jeff Morris talks about what real mortgage solutions are available today and reflects on how the mortgage modification market was born.
Loan Modification Advice for Negotiating with Mortgage Lenders
Consider the financing basics that mortgage lending companies do not want to reposes residential properties anymore from foreclosure because the appraisals indicate that values have declined to dangerous levels.
Watch Loan Modification Video for Better Lender Negotiations
Morris takes a stroll down memory lane and revisits the subprime mortgage and foreclosure crisis that caused thousands of mortgage companies to go out of business in 2006, 2007 and 2008. The dramatic increase in foreclosures has caused mortgage lenders and service companies to revisit loan modification programs to prevent foreclosure and keep borrowers in their properties.
After house values plummeted each of the last 3 years, lenders changed their tunes and started offer mortgage relief to a broader scope of homeowners across the country. Recent reports indicate that mortgage modifications from loan modification law firms typically achieve more favoravle terms like lower interest rates and forgiven loan paymentsthat were delinquent for several months.
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