Second Mortgage Modification Program

30 fixed 4.875%, no points, 2k or less in cc’s 15 fixed 4.375%, no points, 2k or less in cc’s 5-1 arm 3.75%, no points, 2k or less in cc’s Obama Short Sale Plan (JUICY DETAILS INSIDE…Click on the link below to check out my 2 min video) Just off the AM newswire folks! According to the NY Times; Starting april 5th the obama administration’s plan to deal with short sales is as follows. Lenders are not able to Sue homeowners for any deficiencys good Servicers get 00 good, but probably unnecessary(see my prior blog post about Indymac/Onewest that details how servicers are already making a TON of DOUGH already, on short sales and foreclosures. 2nd Lien Holders get 00 ….okay Consumers get 00 ………….okay To set the price, a REALTOR will set the BPO(Broker Price Opinon) that is REALISTIC, meaning the homes should sell quickly Upside: Communities will have fewer abandoned homes and properties should be dispositioned(bought and sold) faster, speeding the healing of all of our home values. Downside: There has been close to ZERO execution of the prior programs. My question to you, who I love, is… Is this a Huge Step in the right direction? or Is this a waste of more of our tax $ that won’t get anything done for the consumers? I wanna know what you, the homeowner, thinks! Let me know! Do me a HUGE FAVOR? If you like the information I am working hard to provide you, Please, let me know your thoughts and click on comment on the bottom. (You can even make up a …

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Tags: foreclosure, Modification, mortgage, Short-Sale

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