About the Author Moe Bedard is the leading expert and most trusted authorities in the country in regards to loan workouts and loan modifications. Moe is the founder and President of Loan Safe Solutions, LoanSafe.org and the main contributor to LoanWor

A loan workout is an agreement that is negotiated with your current lender that changes the terms of your current loan. Lenders are willing to negotiate when borrowers are facing financial difficulties and can't obtain other financing alternatives. You mu

As for what you should say in your letter, these are examples only:

The FDIC is proposing that Congress authorize the Treasury Department to make loans to borrowers with unaffordable mortgages to pay down up to 20 percent of their principal. The repayment and financing costs for these Home Ownership Preservation (HOP) loa

First and foremost, if you can keep your mortgage current, do so. But if you find you are unable to make your mortgage payments, you might qualify for a loan workout option. Check with your lender to see which option may be available. Some options may not

Author: Steve Linnin A Real Estate and Mortgage Broker for over 23 years. An educator and Trainer to loan officers and real estate agents. An on-going trainer and educator of real estate agents and loan officers

The President has signed into law legislation that will allow HUD's Federal Housing Administration (FHA) to continue providing targeted mortgage assistance to homeowners. The Hope for Homeowners program will continue FHA's existing and successful efforts

The Details Here are the details to the program: 1) 3.9 billion for neighborhoods hardest hit by foreclosures. 2) Help struggling homeowners get new cheaper loans. 3) Help Freddie Mac and Fannie Mae with a cash infushion. 4) The bill would