Modify Your Mortgage & Give Anxiety The Axe

FOR IMMEDIATE RELEASE
Pittsburgh, Pennsylvania, United States of America (Free-Press-Release.com) January 9, 2012 -- RealtyTrac.com reported that 1 in every 579 housing units received a foreclosure filing in November 2011. 2012 is also promising to be tough year in real estate with even more foreclosures to be conducted after the so called "robo-signers" scandal is resolved (the claim that many foreclosure documents were being rubber stamped by untrained, ill-informed contractors or employees of major mortgage holders).

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Modify Your Mortgage & Give Anxiety The Axe

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In the January 2012 issue of The Quarter Roll Magazine, mortgage modification is analyzed in the article "Modify Your Mortgage & Give Anxiety The Axe". Home owners facing foreclosure are dealing with abnormally difficult circumstances and anxiety. This article details the various options for home owners have if they are in financial distress.

Many loan servicers are expanding the options available to borrowers – it’s worth calling your servicer even if your request has been turned down before. Servicers are getting lots of calls: Be patient, and be persistent if you don’t reach your servicer on the first try.

You may qualify for a loan modification under the Making Home Affordable Modification Program (HAMP) if:
1. Your home is your primary residence;
2. You owe less than $729,750 on your first mortgage;
3. You got your mortgage before January 1, 2009;

4. Your payment on your first mortgage is more than 31% of your current gross income; and
5. You can’t afford your mortgage payment because of a financial hardship, like a job loss or medical bills.

Readers will find more about mortgage modification options in the January 2012 issue of The Quarter Roll. Those who use The Quarter Roll's subscription page online will continue to enjoy no subscription fees and can now also elect to have The Quarter Roll mailed to their home at no charge. Visit TheQuarterRoll.com for more details.

More information can be found online at http://www.thequarterroll.com

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