Saving Your Home: Navigating Foreclosure Workouts with Your Mortgage Servicer
Welcome to The Foreclosure Fix Podcast, where our goal is to help one million homeowners successfully navigate foreclosure! On this episode, we’re talking to loan expert Melissa Bolling about what we should know about mortgage servicing.
We’re diving into the intriguing world of escrow, insurance, and the emotional toll of foreclosure. Melissa shares her expertise on how escrow calculations work and why they can increase over time. She also provides valuable insights on finding the best insurance coverage and premium deals, including a mention of USAA's military discounts.
As we discuss the damages and difficulties faced by homeowners in this situation, Melissa sheds light on the options available to borrowers, such as applying for exemptions and appealing property value assessments. She also emphasizes the importance of seeking help early on and maintaining open communication with lenders to explore solutions like loan modifications.
Stay tuned as Melissa shares success stories and addresses common misconceptions about banks and their true motivations in foreclosure cases. Whether you're a homeowner facing financial challenges or simply interested in understanding the foreclosure process, this episode of Foreclosure Fix is packed with valuable information you won't want to miss!
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