Posts Tagged ‘sale’
Another Loan Modification success story from DAA and Ron QuinteroFort Worth Real Estate Texas Foreclosure Short Sales
Tuesday, December 15th, 2009
http://www.davidpannellhomes.com Fort Worth Texas Foreclosure Real Estate Homes http://www.davidpannellhomes.com Avoid foreclosure located in Fort Worth Texas offers assistance to homeowners facing foreclosure. We negotiate loan modifications, short sales, and options for homeowners behind on payments Fort Worth Help with Foreclosures, Helping families out of their homes Savings Familes from Foreclosures Sell your home before it goes into foreclosures By Liz Pulliam Weston
If you’re in danger of falling behind on your mortgage, or if you’re already late, you may be skeptical about your lender’s willingness to help.
And if you take the advice we personal-finance types typically offer — call the lender as soon as possible and ask for help — you could find yourself stymied by the lender’s bureaucracy or even told to come back when you are really behind in your payments. Call a Realtor It’s Free. No Cost to Sell your Homes if you dont have any equity in the home. The lender will pay the fee. Its better for you and there no problem in asking for help. Facing foreclosure? 9 options
Don’t bite off too much house
How not to pay your bills
How I lost my home: 3 stories
The foreclosure capital of the U.S.
Why lenders don’t like foreclosure
To understand why these things are true, it helps to know a bit about the lending process, as well as what happens in foreclosure:
Most loans are made — then sold. The majority of residential mortgages are quickly packaged into securities and sold to investors. The company that accepts your payments is what’s known as the servicer. The servicer takes a slice of your payments as compensation, then forwards the rest into a pool of cash that’s used to pay dividends to the investors.
As you might guess, the servicer’s primary interest is in making sure your payments keep coming. If you default and wind up in foreclosure, any proceeds from the home sale go to the investors, and the servicer has lost its income stream from your loan. (Still, predatory servicers do exist. See “When mortgage firms don’t play fair.”)
Even if the loan isn’t sold and is still held by the original lender, foreclosure remains a bad outcome.
“Lenders are going to lose money holding that house,” Svinth said. “They have to maintain it, insure it, market it . . . until it sells.”
Meanwhile, they’re not getting payments for the loan. Whatever equity remains after the home is sold and all the costs are paid is typically returned to the borrower.A short sales occurs when the net proceeds from a the sale of a home are not enough to cover the sellers mortgage obligations and closing cost, such as property taxes, transfer taxes, and the real estate practitioners commission. The seller is unwilling or unable to cover.
Some, although by no means all-short sellers may be in default on their mortgage loans and be headed for foreclosure. However, homeowners who bought at the top of the market or who took out large amounts of equity with refinance abd who need to sell because of divorce or job transfer may also find themselves upside down, owning more than the home is currtenly worth when closing costs are factored in..
Tip, losing your home is very emotional and you might be off your losing your home or in some cases don’t care..If you care, call us early…so we can help.
Your Home is where you live, not in the home your being harassed in.
Who do I talk too? Call us, the Fort Worth Home Resecue Team. David 817-797-9047 or Barbara 817-846-5093-both professionals in saving your home from foreclosure…
its a good idea to call before they seek foreclosure, so we have plenty of time to help…we need atleast 4 weeks prior to foreclosure court…
call now, not next month when you get another letter
Bankrupty will not save your home…trust me.
Duration : 0:1:45
Fort Worth Home Real Estate Short Sale Stopping Foreclosures
Monday, December 14th, 2009
Visit Fort Worth Homes at http://davidpannellhomes.com to find Homes in the Fort Worth area. Get a free step by step guide on how to survive foreclosure with mortgage modifications, rate modifications, short sale process & stop foreclosure programs.Avoid foreclosure, Arizona Short Sale Office, located in Fort Worth Texas offers assistance to homeowners facing foreclosure. We negotiate loan modifications, short sales, and options for homeowners behind on payments Fort Worth Help with Foreclosures, Helping families out of their homes Savings Familes from Foreclosures Sell your home before it goes into foreclosures By Liz Pulliam Weston
If you’re in danger of falling behind on your mortgage, or if you’re already late, you may be skeptical about your lender’s willingness to help.
And if you take the advice we personal-finance types typically offer — call the lender as soon as possible and ask for help — you could find yourself stymied by the lender’s bureaucracy or even told to come back when you are really behind in your payments. Call a Realtor It’s Free. No Cost to Sell your Homes if you dont have any equity in the home. The lender will pay the fee. Its better for you and there no problem in asking for help. Facing foreclosure? 9 options
Don’t bite off too much house
How not to pay your bills
How I lost my home: 3 stories
The foreclosure capital of the U.S.
Why lenders don’t like foreclosure
To understand why these things are true, it helps to know a bit about the lending process, as well as what happens in foreclosure:
Most loans are made — then sold. The majority of residential mortgages are quickly packaged into securities and sold to investors. The company that accepts your payments is what’s known as the servicer. The servicer takes a slice of your payments as compensation, then forwards the rest into a pool of cash that’s used to pay dividends to the investors.
As you might guess, the servicer’s primary interest is in making sure your payments keep coming. If you default and wind up in foreclosure, any proceeds from the home sale go to the investors, and the servicer has lost its income stream from your loan. (Still, predatory servicers do exist. See “When mortgage firms don’t play fair.”)
Even if the loan isn’t sold and is still held by the original lender, foreclosure remains a bad outcome.
“Lenders are going to lose money holding that house,” Svinth said. “They have to maintain it, insure it, market it . . . until it sells.”
Meanwhile, they’re not getting payments for the loan. Whatever equity remains after the home is sold and all the costs are paid is typically returned to the borrower.A short sales occurs when the net proceeds from a the sale of a home are not enough to cover the sellers mortgage obligations and closing cost, such as property taxes, transfer taxes, and the real estate practitioners commission. The seller is unwilling or unable to cover.
Some, although by no means all-short sellers may be in default on their mortgage loans and be headed for foreclosure. However, homeowners who bought at the top of the market or who took out large amounts of equity with refinance abd who need to sell because of divorce or job transfer may also find themselves upside down, owning more than the home is currtenly worth when closing costs are factored in..
Tip, losing your home is very emotional and you might be off your losing your home or in some cases don’t care..If you care, call us early…so we can help.
Your Home is where you live, not in the home your being harassed in.
Who do I talk too? Call us, the Fort Worth Home Resecue Team. David 817-797-9047 or Barbara 817-846-5093-both professionals in saving your home from foreclosure…
its a good idea to call before they seek foreclosure, so we have plenty of time to help…we need atleast 4 weeks prior to foreclosure court…
call now, not next month when you get another letter
Bankrupty will not save your home…trust me.
Category: People & Blogs
Tags: Foreclosure Short Sale David Pannell Help Save your Credit
Duration : 0:2:12
Home Loan Modification 7 – Mortgage & Real Estate Marketing Nov08 – Avoid Scams & Huge Loan Mod Fees
Wednesday, December 9th, 2009
Attorney Negotiated Home Loan Modification for Home Owners. Expert Advice on Real Estate and Mortgage. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To http://RealEstateMarketingThisWeek.com
Part 7 (Excerpt)
Watch out for scams; huge fees for Loan Modifications
Important to point out folks that Velocity Financial is a full service mortgage broker, the majority of our business is writing and originating and underwriting mortgage loans for homeowners, people to buy real-estate, people to refinance their homes, people can still refinance out there, loan modifications are not for everybody, in fact they are for a small segment of the market.
Im the founder of the Modification Hotline and we put that in place to help people right now, people dont need a salesman when it comes to these loan modifications, I heard a story today from a home owner that I just couldnt believe, this person that is trying to get loan modification told them that she had to pay them $1500 a month for 4 months and by the time she was finished paying them they guaranteed her some kind of ridiculous, I just dont understand why it is like that.
Right now we need to help you get through the situation, we are here for you, we are going to do everything in our power with our national network of attorneys, who are expert negotiators, so it is important that you call.
I just want to make the distinction so it is clear for everybody, Velocity Financial is a full service mortgage firm, all things mortgage related and the concept of todays show being loan modification program is a division of something that you kind of created and had some foresight about all of these issues that are effecting not only mortgage holders but the economy at large, thus this topic and wanting to help these people.
Thats correct, a year and a half ago I was approached by someone that I respected very much in the industry, asked me to get involved with the loss mitigation process and I essentially declined the offer, once I reanalyzed that a number of people calling us needed loan modifications. We did do some research and found the debt advisory alliance with a gentlemen that I have know for years, and he had already put together the national network of attorneys, so we are working with these people who have done thousands of these loan modifications.
We are the affiliate, we are doing the discovery and due diligence, they are taking care of the expert negotiations, thats not my job, that is not what we are good at, what we are good at is putting together a case that will get modified the best for you, and your kids and everything else to keep all of you in place…
Duration : 0:4:32
100% Purchase Financing available in CA. from Mortgage Magic
Monday, November 30th, 2009
The California Housing Finance Agency is committed to helping provide affordable housing to all qualified low and moderate income, first-time homebuyers throughout California.
By using various down payment assistance and closing cost assistance programs Mortgage Magic can finance a purchase up to $729,750 with no down payment.
The loan amount varies by county and your Mortgage Magic loan rep can assist you in determining the qualifying factors per each county.
These loans have income limitations and the program is liberal with debt ratio and credit score guidelines.
A first time home buyer is someone who has not owned a home for the past three years.
Credit score requirement are low and most buyers who have a credit score of 650 will qualify.
Your Mortgage Magic loan rep can help you build or improve your credit score, and the seller can also help pay the closing costs.
Mortgage Magic excels at funding these California HFA loans and will be glad to assist you so that your transaction is easy and successful.
Call your Mortgage Magic loan rep today.
Duration : 0:1:5
Foreclosure Legal Help Loan Modification Nova Dean Pack Law Group
Monday, November 30th, 2009
Nova Dean Pack is an attorney licensed with the California State Bar since 1974. The Law offices of Nova dean Pack have taken a stand of advocacy for homeowners who have been affected by the current financial crisis.
Homeowners who are experiencing hardships due to a loss of job or cut in income or who’s mortgage(s) has recently adjusted may qualify for one of the various programs available to homeowners.
Hope For Home Owners (H4H)
On October 1, 2008 the U.S. Department of Housing and Urban Development (HUD) instituted the Hope for Homeowners Program. This program was designed to help those homeowners who have or are experiencing any of the following situations:
Their mortgage exceeds the value of their home.
They are on an adjustable rate mortgage.
They have a high fixed interest rate.
They are behind, or in foreclosure.
May have income/job issues.
The program effectively reduces the current mortgage (including second mortgages, late payments, attorney fees, and etc) to 90% of the homes CURRENT market value based on a FHA approved appraisal. This can save tens of thousands in mortgage balance, and hundreds to thousands in mortgage payments.
Credit score does not matter, and even homes in the foreclosure process qualify. These are the lowest 30 year FIXED rate mortgages with NO prepayment penalties and these new loans are also FHA insured. If you cannot afford your current loan, do not own a second home, and your mortgage was originated before 2008; you can qualify for help with this new program.
Loan Litigation
The Law office of Nova Dean Pack provides forensic audits to examine and find any possible defects or irregularities in the truth-in-lending and HUD-1 documents you received at the close of escrow when you originally received your mortgage loan. We audit the Annual Percentage Rate (APR) and the closing costs for regulatory compliance. If the truth-in-lending statement doesnt match the HUD-1 closing-cost sheet you received at closing, or if the APR is not accurately stated, you might have a cause of action against your lender that holds a mortgage on your property. This procedure may yield results that may be used to pursue litigation or may be leveraged when negotiating with the lender to grant a beneficial loan modification.
Forbearance
The Law office of Nova Dean Pack can often negotiate a forbearance agreement with your lender. Most mortgage lenders will initially try to entice borrowers with a forbearance agreement. This type of arrangement calls for the borrower to catch up the back payments, fees, and interest over a very short period of time (usually three to twelve months). The result is a much higher monthly mortgage payment and often a large lump sum up front to initiate a forbearance agreement. If the homeowner client cannot make the current mortgage payments, how will the homeowner client make even a larger monthly payment? Thus, this usually is not the best option.
Loan Modification
The Law office of Nova Dean Pack believes the best solution is a loan modification if the client desires to keep possession of his or her home. In situations where the mortgage lender has been convince by our law firm that a repayment plan or forbearance is the appropriate course of action, a loan modification is often considered and successfully negotiated with your lender. A loan modification involves changing one or more of the terms of a mortgage in order to help you bring a defaulted loan current and prevent foreclosure. This option generally is considered for homeowners whose financial problems are expected to be more long term. Often, your payments will be lowered through a new lower interest rate, which will bring down your payments. We will inform you of the negotiations being done, but you, as the client, will have the final decision to accept or reject the loan modification terms agreed by your lender.
9229 Utica Ave. Suite 100 Rancho Cucamonga,
California 91730
California State Bar License #62338
Duration : 0:1:1
Tax Credit for First Time Home Buyer Mortgage, $8000 Government Assistance Program for Home Finance
Monday, November 30th, 2009
First Time Home Buyer Tax Credit Assistance and Federal Government Home Loan Program with Low Down Payment on FHA Mortgages. Buy Bank Foreclosed Homes at a Discount. Go To http://RealEstateMarketingThisWeek.com
Part 2 (Excerpt)
The median income family can afford twice the median priced home; prices drop over 50%
And now I mentioned Dan Havey is back in the studio with us, Dan has done a lot of great things in the mortgage industry. He left us about a year and a half ago, is that right Dan?
Yes, I left the mortgage industry in October of 2007. Tell us a little bit more about yourself.
As you know I came originally from Wisconsin, where I got a degree in Business Finance and I came out here in 1989 and started working with my brother selling real estate owned-REO, bank owned properties for Fannie Mae, Countrywide, and the Resolution Trust Corporation-RTC which was the government entity that was put in charge of disposing of all the real estate owned by the 1800 S&Ls that had failed. I did that until about 1995 when I moved into the mortgage industry and there for 12 years I worked predominately with bankruptcy attorneys helping their clients get out of bankruptcy and foreclosure. I left the mortgage industry in October of 2007. Now I am working predominately in the arena of marketing for real estate and mortgage companies, helping out companies, just like Im here helping out Michael today, to get people to realize that right now actually is a really good time to buy.
There are a couple of points I want to make and it was something that Michael had said earlier. The first one was that 4% interest rate. Originally Obama said a couple of weeks ago, when he rolled out the mortgage plan, that they were going to take the $200 billion and use it to buy mortgage backed securities, well the article I was reading today said it appears that plan may have changed. Instead of buying the mortgage backs they were actually buying the stock of Fannie and Freddie to help support the company and keep these companies going under. I dont quite understand why being how they own them now.
Well youve got to hand it to the government they have really done a heck of a job helping Fannie Mae out, for instance today the stock is up to $0.41. Wow, doing so well, I remember when it was $150 or so, where it was at the top of the market.
Today, right now is definitely the best time even if rates dont get down to the 4% point. The beauty of it and were going to talk more about this in a later segment, is that we have seen a 51% decline in home values from the peak of the market. So you dont have to have the absolute greatest interest rate in order to be able to buy a house today. The median home price right now is $130,000 in Maricopa County, it was $264,000 just two years ago.
So the median home price is $130,000? We are going to talk a little bit about what a person has to make to actually qualify for that. Well it is definitely well within the means of a median income family. Right now a median income family makes about $64,000 in the state of Arizona according to the US Census Bureau and HUD. I ran some numbers today, I think at 6% interest and at that rate they can buy a $280,000 house. So you can buy twice the median home price if you are making just what the median income family would be in the state of Arizona. So the median household income buys double the median priced house in Maricopa County. That is correct, at 6% interest.
And the reality of it is interest rates are not even that high right now. So for people to be waiting for that perfect interest rate of 4% it doesnt really matter if it gets here or not because right now is such an incredibly fabulous time to be buying a house. There are so many foreclosures out there on the market right now, there are so many short sales out there on the market right now, and the point you made earlier is very important, that people have to get in and get prequalified, know exactly what they can buy. Now in many cases you are going to need a down payment, so get with your mortgage broker, get with Velocity Financial and start working on that program of getting those funds together for the down payment as well.
Dan Havey we talked in the past about whats available for financing these days, interesting to give little pat on the back for Velocity Financial is one of less than 15% of all of the lenders in the state of Arizona that are qualified to do FHA financed homes. Now FHA financing, people used to think it was only for first time home buyers, thats no longer the case. The FHA loan which only requires 3.5% down payment it doesnt matter if you have owned a home before and in many cases you can own another home now so long as your new purchase is going to be your primary residence you can utilize FHA financing and put only 3.5% down.
Duration : 0:6:42
Mortgage modification from cblawsavedmyhouse.com!
Saturday, November 21st, 2009
If you are struggling to pay your mortgage every month or have missed payments (one or more), you should seek help fast. Our services are designed to help people before it’s too late. Many people let the problem grow beyond something they can control. Don’t let that be you. Contact cblawsavedmyhouse.com today and we’ll explain the loss mitigation process and how loan modification can benefit you.
Duration : 0:2:51
Mortgage Rework Attorney Help
Thursday, November 19th, 2009
Phillips & Associates is Arizona’s largest consumer law firm and our experienced attorneys can help you if you are injured in an accident, charged with a crime, need to file bankruptcy or are interested in a home loan modification.
Duration : 0:0:32
Foreclosure scam, real estate scam Pt 2 of 2
Wednesday, November 18th, 2009
This video is from the show Open House on CNN. Homeowners in trouble facing short sale or foreclosure should be careful when answering to unsolicited mail, phone calls or emails. A HUD representative and a legal services representatives explain what homeowners should watch out for and what to do.
More info at:
sccrealestateuncensored.com/2007/foreclosure-scam/
micasamidinero.com/2007/foreclosure-fraude/
Duration : 0:4:9