Florida, California, and Arizona together accounted for more than half of the nation’s foreclosure activity.
California cities accounted for eight of the top 10 metro foreclosure rates out of the 230 metro areas tracked in August of 2008. Some of the hard hit cities in California are:
Stockton
California
Florida
Merced
Modesto
Vallejo
Fairfield
Riverside
San Bernadino
Bakersfield
Salinas
Monterey
Stockton was No. 1, with one in every 50 [...]
What is a Loan Modification?
A Loan Modification is a permanent change in one or more of the terms of a mortgagor’s loan, this allows the loan to be reinstated, and bring their mortgage payment so that it is affordable.
Here is some terminology you should familiarize yourself with before doing a loan modification.
Repayment Plan
If you [...]