Buying a Foreclosed Home

Fannie Mae's View on Loan Modifications
"Servicers should be solicitous at every step of the process to try to help the borrower stay in the home," says Danny Smith, manager of loss mitigation at Fannie Mae. There is a lot of pressure for banks to modify loan terms and keep borrowers in their home.

As you can see, there is plenty of pressure on banks by the government and by Fannie Mae to help borrowers facing foreclosure. The opportunity is there, will you take it? A foreclosure stays on your credit report for up to 10 years. Loan modification doesn't harm your credit. The only damage done is what's already done from your being late on your mortgage. Do everything you can to avoid foreclosure. Home Foreclosure Advisors works hand in hand to stop the foreclosure process by negotiating affordable loan modification with most of the loss mitigation department from over 100 different mortgage lenders.

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This website does not promote loan modification scams of any kind. We do not offer mortgage relief or home foreclosure assistance. Many states do not allow law firms or loan modification companies to take money up-front. Check with your state's Attorney General for more specific updated information.