Second Mortgage Modification Program

Loan Modification Help: Getting Rid Of Your 2nd Lien

Sat, 04 Feb 2012 08:13:32 +0000

loanmodificationhomeownerresources.org Loan modification help on getting rid of your 2nd lien. It is easier than you think that your lender does not want you to know about.

Related Blogs

132711 / 1955 Chevrolet Bel Air

Tue, 31 Jan 2012 08:24:56 +0000

With its thoroughly massaged body, fire breathing LS6 Corvette motor and completely custom chassis, this magazine featured ‘55 Bel Air is without a doubt, the nicest 1955 Chevrolet we’ve ever seen. Combining a few very well executed modifications with inherently cool Chevy design traits, this lean and mean ‘55 Bel Air is the kind of show stopping masterpiece that has the ability draw you in from 200 yards away. The car’s all original, completely solid California body is expertly finished in a two-tone GM Artic White and GM Light Tarnished Silver paint job that has been re-cleared, completely wet sanded and buffed to a crystal clear shine that is close to perfect as possible. Today, that glowing white and silver finish does a spectacular job of showcasing the cars super straight lines and the body’s exceptionally tight panel gaps create solid door closing sounds that would sound just right floating across a modern Cadillac showroom. Built by Superior Automotive Engineering in Anaheim California, this Bel Air’s hot LS6 small block Chevy engine has been stroked to 383 cubic inches, creates a killer 11.54 to 1 compression ratio and dynos at a cool 520 horsepower and 531 ft./lb. of torque. At the front of the motor, a body-matched Dominator Street Rods dual snorkel intake pipes cool air around a completely polished Ron Davis aluminum radiator that’s equipped with a vertical overflow container, a Spal electric fan and a custom fabricated fan shroud. Once air enters the intake …

Related Blogs

Robert A. Olivas Refinancing Guidelines

Sun, 29 Jan 2012 03:22:56 +0000

Robert A. Olivas Refinancing Guidelines A variety of loan products exist these days with seemingly as many guidelines and restrictions. A lender will endeavor to find the very best program suited for the borrower. In order to determine the best program one needs to know property ownership details. Is the property owner-occupied? Loan-to-value restrictions differ based on owner/occupancy status. For example there is a difference between a second home acting as a vacation property and a second home that is being rented to a tenant and thus is an investment property. The lender needs to know the purpose of the refinance? Is the borrower seeking to simply lower the interest rate or is the borrower looking to access the accumulated equity via a cash-out refinance. (See a question and Answer with Robert A Olivas that discuss why a borrower would choose to refinance at youtu.be . Part 2, youtu.be of the series discusses the benefits of term reduction, rate reduction and cash-out refinance reasons in depth. The answer to these questions will affect the loan-to-value ratios. Streamline Refinances Most lenders offer a streamline refinance process. Both Fannie Mae and Freddie Mac have an enhanced streamline process. Additionally in 2009, Fannie Mae and Freddie Mac released guidelines on refinancing and loan modification options that implement President Obama’s Making Home Affordable Program. Fannie Mae Fannie Mae Announcement implemented a program that provides even greater …

Related Blogs

Driver’s Seat

Thu, 26 Jan 2012 22:39:03 +0000

For more information, or to find out how you might be able to benefit from the Making Home Affordable program, please visit www.MakingHomeAffordable.gov.

Related Blogs

How to Write an Export Plan

Mon, 09 Jan 2012 17:50:47 +0000

In this webinar, you will learn how to write a simple but effective export plan for your business, featuring the new Small Business Administration’s Export Planning Tool. You will learn the framework for writing your export plan. You will understand the value of having a written export plan, the key sections of the plan and how to find the information to complete the plan. For more information, visit export.gov

Related Blogs

The Best Compensation Plan in the Industry

Sun, 01 Jan 2012 13:03:14 +0000

Learn more: isagenix.com Learn how our simple system lets you earn an additional stream of income. We are redefining the network marketing industry. Now you can be a part of the company that rewards you for transforming lives!

Related Blogs

Diane Gerdes – RIP Arizona Housing Market

Thu, 22 Dec 2011 18:06:13 +0000

www.themortgageadvantage.com It’s official. Our government is slowly killing the Arizona housing market. President Obama torpedoed the already distressed home financing industry by announcing the gradual raising of down payments to a minimum of 10% on conventional loans. He touted a 2009 survey by the Federal Reserve Bank of St. Louis that reported families who placed minimum down on their home purchases were more likely to default. Really? 2009 is eons ago in housing terms and those figures are probably reflective of the 100% loans offered from 2004 through 2007. But you would have to actually pay attention to today’s numbers to know families aren’t ‘Toughing it out’ in a house that has lost 50% (or more) of its value, no matter what they put down. In 2004 studies surfaced proclaiming 100 percent financing was hunky dory. At that time housing prices were increasing, the economy was swinging. What could possibly go wrong? Or maybe it was the same survey that reported the more paperwork you sign, the less likely you will foreclose. “Homes Are Now Difficult to Buy” incentive program, or HAND in keeping with the governments love of catchy acronyms, was joined by FHA’s broadcast of a second mortgage insurance premium (MIP) increase in six months to help shore up its reserves. Before September, the monthly MIP on a 0000 FHA loan was .66. After April it will be 1.67, that’s right, a 0.00 a month jump in payment. In the 30’s the government stepped in to save the …

Related Blogs

Financial Crisis Inquiry Commission Report – 1/3

Tue, 20 Dec 2011 12:59:31 +0000

Financial Crisis Inquiry Commission (FCIC) Report Angelides: “People Want To Know How This Happened and Why It Happened.” February 11, 2011 • 12:44 PM In his second interview with WNYC’s Brian Lehrer, cut short because of breaking developments in Egypt, FCIC head Phil Angelides continued to promote circulation of the FCIC’s Final Report (which continues to get scant coverage in the media), and called for more aggressive federal action to deal with the continuing foreclosure crisis. Asked about the coming second wave of foreclosures, Angelides said that what’s driving this is the high level of prolonged unemployment, and also the inability of homeowners to modify their mortgages. The complex securitization process makes it very hard to unwind these mortgages and establish ownership, Angelides said, adding, “we’ve created a very tangled web.” Saying that more aggressive federal action is needed, Angelides pointed out that in the 1930s, Franklin Roosevelt created a home-ownership assistance program, under which thousands of federal agents were sent out to help people negotiate with their banks. Angelides again urged people to go to the website, download the report, or purchase it from Public Affairs press or the GPO. “This is an important story: of what happened to this country, how we came to the verge of financial collapse, and hopefully there will be lessons learned here, so we do not repeat this… I think it shows there’s a tremendous hunger in this country still …

Related Blogs

New Harry Potter Ride Images Wendy Morris Realty

Sun, 18 Dec 2011 17:55:59 +0000

The Ellen DeGeneres Show will be airing a preview of the Wizarding World of Harry Potter as part of its tour of Universal Orlando; it will be shown on April 1st and 2nd. Ellen will get the chance to walk through the set of the park in its construction date on March 28, 2010, all of which will be recorded for the ABC episodes. Tickets are being given away for audience spots, which will reside on the Lagoon Stage out in CityWalk. For those in the Orlando area and interested in attending, head here to request tickets. We will have much more on the Harry Potter theme park look on the Ellen Show in early April. Southern Horizon Financial Group & Wendy Morris Realty are located just off Bayshore Blvd. in beautiful Downtown Tampa. We are a HUD (Government Approved) Mortgage Broker with access to over 100 different lenders and investors in all 50 States. With our state of the art Loan Search Engine capabilities, we can find the right programs for you (or your clients) at the lowest rates available. Whether you are buying for the first time, refinancing, or looking to invest in a Second Home or Investment Property, we will find the program that best fits your situation. In addition to our advanced mortgage services, we offer a number of Loss Mitigation Services through our sister company, Southern Horizon Solutions. We can help get your mortgage modified with more affordable terms through our Attorney Based Affiliate. They will have your best interests in mind if you wish to stay …

Related Blogs

The Truth About HAFA

Fri, 16 Dec 2011 22:46:36 +0000

www.SoundDefaultSolutions The governments Making Home Affordable program for Loan Modifications (HAMP) was a complete mess for Seattle area homeowners. Who really does benefit from HAFA?