Having Trouble Making Your Mortgage Payment? Bailout Talk Live On KTAR!

by Justin McHood on November 14, 2008

Arizona Mortgage Team on KTAR Radio

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This morning we were live on the radio with KTAR superstar Darrell Ankarlo talking about the 700 billion bailout and what it means to people who are having trouble making their mortgage payment. The discussion centered around “what should I do if I am having trouble making my mortgage payment?”

My general answer was “keep talking to your lender about what your options are because the rules are changing almost daily about what lenders are and aren’t willing to do.  If you spoke to your lender last week and they told you that they couldn’t help you, call back again this week.  And next week.  And the week after that.”

Why?

Because as I said on the air – the rules are changing and the federal government may soon be coming out with packages that will incentivize lenders to get better at working with borrowers.

Do you need to hire a loan modification company / attorney? Maybe. Do your homework first though!

Learn How To Do Your Own Loan Modification Without The Help of a Loan Modification Company.

{ 4 trackbacks }

Arizona Mortgage Rates for November 14, 2008 — Phoenix Area Real Estate Blog
November 14, 2008 at 2:08 pm
Will Your Current Lender Modify Your Loan? | Mortgages Unzipped
December 10, 2008 at 3:03 pm
Loan Modification: What To Expect If You Are Not Currently Late | Mortgages Unzipped
January 29, 2009 at 8:29 am
Loan Modification: 5 Questions To Ask Your Loan Modification Lawyer | Mortgages Unzipped
January 30, 2009 at 10:29 am

{ 3 comments… read them below or add one }

1 Jay Thompson November 14, 2008 at 10:52 am

I was able to catch all but the first five minutes. VERY well done Justin! You presented to Ankarlo and the callers very realistic and professional answers to some great questions.

2 Nick Bastian November 14, 2008 at 10:53 am

It was cool to hear you on the radio this mornig. Great job. Can I get an autograph? No, it doesn’t need to be on a lunch receipt next time. :-)

3 Justin McHood November 14, 2008 at 11:02 am

@Jay Thanks! There are no easy answers to those questions people were asking - so I did my best in 10 seconds or less..

@Nick Sounds like I am gonna be signing the side of our tour bus to REBarCampLA soon!

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