Bank Says “Too bad” about failed Loan Modifications

In an article in the Minneapolis Star Tribune, writer Chris Serres blasted the banks for luring people into believing they’ll get help, when help is far from what they’ll get. Here are excerpts from that article: 

 ”A spokesman for J.P. Morgan Chase said the risks are disclosed to homeowners. Under the trial...

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What Are The Alternatives to Foreclosure?

What can I do if I want to avoid foreclosure? Walking away and letting a home go into foreclosure will destroy your credit rating for many years – and even longer if you get stuck in a zombie foreclosure. Let’s take a look at the other options for San Diego homeowners: Sign a deed-in lieu of foreclosure. Work with...

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What is loan modification, and should I attempt it?

Before you decide to attempt a loan modification… call 619-929-1413 or write td@tomdunlap.com for some no-cost advice. A Loan Modification occurs when the bank modifies or changes the terms of your loan. The most common modification is a temporary reduction in the interest rate and resulting payment. As a result of...

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