There are stream line loan modification, they are different from a regular loan modification. This is where the interest rate is set to reset at a certain date in time. If you are on an adjustable rate mortgage(ARM), and your rate is going to adjust, then this would be where we would to to facilitate a stream line modification to try to stop that adjustment. Right before the time that mortgage is fixing to adjust, our professional team would negoitate for you. Often, these are done rather quickly, and it's just a matter of keeping the interest rate at the same rate for a set amount of time while still lowering your principal balance.
For the latest on President Obama's Mortgage bailout go to: http://hstrial-oswingrant.homestead.com , Will be adding new information as they develop.
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