Driver’s Seat
Thursday, January 26th, 2012For more information, or to find out how you might be able to benefit from the Making Home Affordable program, please visit www.MakingHomeAffordable.gov.
Posts Tagged ‘Home’
Can you Get a Mortgage Principal Reduction?
Wednesday, October 26th, 2011The NY Times finally spilled the beans on how you can possibly get lower monthly payments, a 3% interest rate (for awhile at least) and reduction in how much you owe on your mortgage. For more info please visit www.MortgageReliefFormula.com
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Documentary: NACA’s “Save the Dream” – Mortgage Restructuring and Renegotiation Rescues Homeowners
Sunday, October 16th, 2011Background on NACA’s “Save the Dream” program, which has helped homeowners across America restructure and renegotiate home mortgages and home loans they can no longer afford. For more information, please go to www.naca.com
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Homeowners curious about Loan Modifications?
Wednesday, July 13th, 2011www.60minuteloanmod.com LOAN MODIFICATION Hardship letter – IS IT RIGHT FOR ME? Free 60 Minute Loan Modification info CD So here’s some good—though much-belated—news. The folks who regulate nationally chartered banks and thrifts are going to start releasing data detailing if modifcations increase, keep the same, or decrease a borrower’s monthly payments, and then how well those modifications fare over time. (I won’t go into the details here, but a lot of modifications, counterintuitively, don’t lower what a borrower pays each month.) In March, we’re supposed to get data on what’s happened to loans in each category since receiving modifications in the first and second quarter of 2008.
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Free Foreclosure Tips| No Fee Loan Mod|ForeclosureStopper.TV
Tuesday, June 21st, 2011tinyurl.com Foreclosure.TV provides Free Foreclosure Tips And No Fee Loan Modifications.
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Salvage Credit with Loan Modification?
Sunday, June 19th, 2011www.60minuteloanmod.com LOAN MODIFICATION Hardship letter – IS IT RIGHT FOR ME? Free 60 Minute Loan Modification info CD ….Second, the Board, along with the other federal financial agencies, has worked to guide federally supervised institutions as they deal with mortgage defaults and delinquencies. The federal financial institution agencies issued a Statement on Working with Mortgage Borrowers in April 2007, and, in cooperation with the CSBS, a Statement on Loss Mitigation Strategies for Servicers of Residential Mortgages in September 2007.
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Loan Modification Secrets & How to Avoid Foreclosure
Monday, June 13th, 2011www.bankmortgagesecrets.com Best loan mortgage modification without loan refinance & best loss mitigation strategy for The Obama plan. Avoid bankruptcy, loan secrets banks don’t want you to know.
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Promo for Dan Rather Reports, December 14, 2010
Thursday, June 9th, 2011America is facing a foreclosure tsunami — a quarter of all homeowners in America are delinquent on their mortgages. By the end of this year, foreclosure notices will have been sent to more than three million homes — and a second wave is predicted. The country’s largest mortgage servicers — banks who service home loans — have been battered in the headlines and on Capitol Hill for allegations of ‘robo-signing’ and using fraudulent documents to foreclose. But that could be the tip of the iceberg. A little-reported and little-understood aspect to the foreclosure crisis, claim consumer advocates, is that foreclosure is in fact very profitable for the banks. The banks dispute this, but we’ve been talking to homeowners across the country who say their servicers pushed them into foreclosure instead of modifying their loans. And the government-led effort to stop foreclosures could be making the problem worse. Also, economist Gary Shilling on when he expects the US economy to rebound.
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Home Loan Modification – Attorney Negotiated Loan Mod Process – RealEstateMarketingThisWeek.com
Tuesday, June 7th, 2011realestatemarketingthisweek.com – Attorney negotiated loan modification process. Going thru the Legal Door – Part 7 – We have Dan Havey with us talking about loan modifications. This segment we want to talk about the specifics of the actual mechanics of, how does it actually work for the homeowner? Let me just start it off and if you would then explain the back end of how it works. Our job is to determine where you’re at now, be very specific about where you’re at with your mortgage now, what the rate is, what it’s done, those specifics. How much you make? We have to help the lender with one thing which is to establish a hardship which is crucial to this. You can’t be making half million a year paying 00 a month in a mortgage, they are not just going to lower your interest rate because you want it. There actually has to be some sort of change, financial change, hardship. We determined that and then there is a significant amount of paperwork involved, Velocity Financial takes care of that for you. We fill out the paperwork along with your help, review all of the documentation, we then recommend be right loan modification, whether it be an interest rate reduction, or extending the term of your loan, waiving some of the balance that you owe which is very very rare. To make sure that once we’re done with this whole process you can sustain and live in that house and be happy forever. So the process itself really is not that much different than what people went through …
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Short Sale – Expert to Negotiate Loan Modification and Short Sale
Monday, May 30th, 2011RealEstateMarketingThisWeek.com – Part 2 – Were just going to go ahead if we could and just jump right into the short sale information. Jeri, again thank you so much for taking the time to be with us. What is the name of your firm? Our group is Dream Vesting Group and our brokerage is Keller Williams Arizona Realty. So that is great, licensed agents with Keller Williams and I know the two of you and I know of your history and we will talk a little bit more about that, but you have been working together for awhile. You and I had a chance to speak about the short sales and your success rate, very, very impressive proven results always helps. So the natural first question for those that are listening today. What is a short sale exactly? A short sale is a property sale where the bank or lender agrees to accept less than what is owed to them. So the bank is agreeing to take a loss on the sale of your property, and I like what you said earlier about not trusting a loan modification or a short sale to just anybody, you definitely dont want to be the guinea pig and you dont want to approach the bank yourself and ask them to please take a loss because you need to sell your home. And that is one of the things that is funny nowadays. I know people have seen them pop up all over the town, the ugly yellow bill boards all over the place. Advertising on the radio about loan modifications and they have 100% success rate, all kinds of these different things. The same thing with short …