Mortgage Modification in Illinois
Thinking of mortgage modification in Aurora, Illinois? Watch this video by Dan Rather
Mortgage Modification Illinois: Home Loans From Hell by Dan Rather
Mortgage modification Illinois is a hot topic lately. And most commentators have rendered a verdict: mortgage modification programs like HAMP and HAFA (home affordable modification program and home affordable foreclosure alternatives) have been a colossal failure.
Still, some Aurora homeowners have achieved the impossible to obtain modification or other relief under these programs or others.
Today, I watched a very insightful episode of “Dan Rather Reports” titled “Home Loans From Hell”. The episode chronicles the frustration of homeowners attempting to modify their mortgages.
If you’re even considering mortgage modification in Aurora, Illinois, you should watch this video. If you do attempt a mortgage modification Illinois, be sure to have a backup plan. Be ready to file Chapter 13 bankruptcy in Illinois if your modification request-like most-goes down in flames. Only the bankruptcy code’s automatic stay can stop foreclosure. And whatever you do, don’t rely on empty promises the lender (or servicer) opened in writing!
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