The information about something that some people refer to as mortgage purging is really better named mortgage replacement. The heart and soul of this process is the fact that good ole “Uncle Sam” in his infinite wisdom has dozens and dozens of laws to protect the home owner when they get a mortgage. The actual number of laws that the banks must comply with is over 180. It is the rare exception when a lender can comply with even a small portion of these laws. The basis for this program is the …
The Obama Administration announced the home affordable refinance and loan mod program. The video is a step by step guide on preparation to the program which is released on April 4. Seattle home owners be patient, guidelines are slowly getting released and each financial institution has there own.
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