Wednesday, March 24, 2010

New Videos Available for Consumers Seeking Loan Modifications

Homeowners who are struggling to make their monthly mortgage payments are looking for relief and straight answers about the loan modification process. A set of videos were recently released that addresses some of their more pressing concerns.

Q&A Series About Loan Modification: NeighborWorks Loan Modification Scam Alert campaign recently asked homeowners to submit their questions about loan modification. Five frequently asked questions emerged and answers were captured for homeowners on video.

Your To-Do List for Getting a Permanent Loan Modification: This video from the Making Home Affordable program tells homeowners how to get a trial loan modification and what they must do to convert the trial into a permanent loan modification.

Avoiding Loan Modification Scams: This video from Making Home Affordable emphasizes for homeowners who are facing foreclosure that help is available and it is free – one of the most important things they need to know to avoid being victims of loan modification scams. Homeowners are provided with several other tips and resources, including NeighborWorks Loan Modification Scam Alert campaign web site,