stopping foreclosure, loan modification companies It is a new year and with it will come new obstacles, successes and triumphs. While back home for the holidays my mom told me about one of her friends who is currently looking for ways of stopping foreclosure. Her friend has an adjustable rate mortgage, which is ballooning in April. On salary, she knows exactly how much she will make every single month. Bottom line is it won’t be enough to cover the ARM payment. At the time, when the lady refinanced she figured her home would be sold by April and the balloon payment wouldn’t be a problem with the sale earnings.

She refinanced a few years ago and those earnings are pretty much nonexistent at this point. Stopping foreclosure has become a huge stressor in her life according to my mom. On the bright side, there are talks of her getting a promotion, which would increase her salary. My mom works with her and thinks the promotion is coming down the pipe. Like anything else, her friend won’t be excited until it happens. I hear she is looking around online for the best loan modification companies just in case. I have my fingers crossed.