A review of the FHA updated guidelines to the short refinance modification for struggling homeowners who are current but have lost value in their home. With the ever increasing rates of foreclosures and homeowners walking away from their homes, the government has announced a revision to the short refinance modification. Announced back in March 2009 [...]
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Renting your home from Fannie Mae is an option!
If Fannie Mae is the owner of the property you may be able to stay and rent from the lender or continue a remaining lease protected under the Protecting Tenants at Foreclosure Act. So who is affected by the rental policy? This would apply to qualified renters occupying a Fannie Mae owned home at the [...]
What is a Dayton Ohio Home Warranty Plan?
Regardless if your a first time Dayton Ohio home buyer or a seasoned pro a home warranty plan can make a lot of sense. Greg Greenwald is a Dayton Ohio Realtor with Prudential One that explains if a home warranty plan is right for you.
A new refinance option called Home Affordable Refinance Program HARP
So you have heard of the government loan modification to assist homeowners in avoiding foreclosure, but what about someone who is current and wants to refinance and may not qualify for the HAMP program? Well do not despair!! There is a program designed to assist the homeowner to be able to refinance. What is HARP [...]
In Local News Florida Disney’s Celebration feeling the pain
Even Disney is feeling the economy and foreclosure crunch, the small town of Celebration Florida is looking at high foreclosure rates due to most of the homes in the area were purchased as second homes. The government’s loan modification only focuses on your primary home so unfortunately, most lenders may consider modifying a second home, however, if it means the difference of you getting a loan modification on your first you better kiss good bye the second or third property.
Phoenix Arizona Short Sale Attorney
Thomson Law in Phoenix Arizona is a leading short sale and loan modification attorney who helps homeowners with legal advice in these situations.
What happens if I am a landlord and my property is in foreclosure?
If you are a landlord and are wondering how being in foreclosure may affect you this article will help you onto the right path. Being in foreclosure and having tenants can cause issues and that is something you will want to consider if you are struggling with your investment mortgage.
What happens if I am a landlord and my property is in foreclosure?
If you are dealing with clients that maybe either requesting a loan modification or a short sale but they are in foreclosure with tenants in the property, this short article will help you in the right direction and give you some basic information on how to proceed.
IN the NEWS What is Dodd-Frank Certification? How does it tie in with Making Home Affordable Modification Program?
What else may you need to apply for a loan modification, the Dodd-Frank Wall Street Reform and Consumer Protection Act (Pub. L. 111-203) requires you to disclose if you have had an criminal activity in your past or present. A short form in order for you to get approved for a loan modification.
The Ultimate Weapon to Finalize Your Loan Modification!
When all else fails, email your local lawmakers, and carbon-copy your bank. InvestorDirector.com As InvestorDirector.com has reported in recent months, many homeowners continue to be fraudulently disqualified from receiving a loan modification they qualify for under federal guidelines. What most homeowners do not know is that lenders and mortgage servicers make more money by foreclosing [...]
Loan Modification Tips You Need Today!
Mortgage lenders will do anything to escape having to modify a homeowner’s loan, but these tips help level the playing field. www.InvestorDirector.com Wrighting the ship Who would know more about the daunting challenges facing today’s homeowners than someone who is fighting a giant legal battle against the largest mortgage servicer in America? John Wright is [...]
View From the Top, Pt I – “I can see my house from here!”
In February of 2009, the Obama administration rolled out its Making Home Affordable mortgage relief program. Its aim was to help check the foreclosure spiral by providing lower rates and longer repayment periods to those who qualified. But last week the Treasury Department reported that nearly half—about 630,000—of the homeowners who took advantage of the [...]
Home Affordable Modification Program Guidelines Part 1
Taking a deeper look into the government’s HAMP manual found on HAMP admin website. Knowing how your loan modification should be proposed and what you need to provide, makes the difference between getting approved or not.
16+ Months with No Mortgage Payment
The unlucky number for today is 492; and that number is all but certain to rise. 492 – The number of days since the average borrower in foreclosure last made a mortgage payment. 16 months rent free and in many states like NY and FL, even longer, up to 20-24 month. 318 days; another number certain to rise – the average age of a delinquent loan that is more than 90 days in arrears but not yet in foreclosure.
What you need to know about the foreclosure process PART 1
The Home Affordable Modification program has updated their guidelines and has republished the full booklet on their website. Below is a brief recap of key items you need to know. This article part 1 of 3 and will review the steps outlined in the online version. Suspension of a Referral to Foreclosure A servicer may [...]
Foreclosure Crisis moving in a new direction
Looking at the new foreclosure trend and how the large banks are dealing with the pressure of the foreclosure fraud mess. What can we expect down the road as interest rates begin to rise.
What if I have a second lien and I have qualified for a Trial Modification under Home Affordable Modification Program.
If you have qualified your first mortgage under the Home Affordable Modification Program and already have begun making your trial payments, but are wondering if you second mortgage lien will qualify for assistance under the same loan modification program. Here is what you will need to do to find out: - Contact your second lien [...]
FHA Short Refinance Opportunity for Underwater Homeowners
A review of the FHA updated guidelines to the short refinance modification for struggling homeowners who are current but have lost value in their home.
Here Come the Foreclosure Dead Beat Law Suits
In true American fashion, the foreclosure mess has a spin off – the foreclosure processing crisis. Questions of illegal and improper paperwork preparation have resulted in major lenders suspending action….bring on the dead beat law suits!
Credit Card Debt what to do when you lose your job can you still apply for a loan modification?
Applying for the government loan modification foreclosure prevention plan if you are unemployed.
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$10000 California First Time Home Buyer and New Home Tax Credit Extended
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Unite Against the Sarasota MLS Board
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Short Sale Heaven Coming April 5th 2010
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The Lones Group – Real Estate Social Media Marketing Firm – Sues Agent For Being A Zebra
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California Senate Bill 94 (SB94): Passes; Not even Attorneys can do it!
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Ria Grace: What is good of having custom home is that you can...
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Patrick: A great online property management forum is agents...
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