Archive for the 'Sacramento Loan Modification' Category
Your Guide to a Successful Loan Modification
[caption id="attachment_5450" align="aligncenter" width="570" caption="How-To Loan Mod Kit and Successful Loan Modification Report"][/caption] You're Guide to a Successful Loan Modification- Getting Your Lender to Say "YES" Provided by Folsom's HAFA Certified Short Sale Specialist And Experienced Sacramento Area Short Sale Negotiator Table of Contents Section 1- You, Your Family and Your Mortgage Section 2- Loan Modification Programs Section 3- Options other than a Loan Modification Section 4- If You have a 2nd Mortgage Section 5- Keep An Eye Out For Scams Section 6- Seven Things NOT TO DO Section 7- Where To Get Good Information Section 8- Getting Your Lender To Say “YES" Section 9- Glossary of Terms Blank Conversation Log Section l - You, Your Family and Your Mortgage lf you are dealing with a mortgage that makes it difficult for you remain current on...
Loan Modification or “Loan Mod” help is Available for Folsom Homeowners!
Folsom Loan Modifications ...not as tricky as they say; but they do have a very low success rate... Foreclosure Options Experts At Wereheretohelp.org and Folsom Keller Williams have a new report and that includes step by step loan modification instructions and "do it yourself Loan Mod Kit" available for free! Folsom Short Sale Expert Forth Hoyt; Folsom's Very Own CRS, CDPE, HAFA Certified, Pre-Foreclosure Expert and Home Retention Advocate has written and recently compiled an in-depth loan modification packet to help Folsom Homeowners keep their homes. This Loan mod for Folsom, CA homeowners packet is actually two parts: The First one is the do-it yourself loan modification checklist and includes all the specific forms you will need for a loan Modification from most servicers...
Government Options to Save YOUR Home- Which one is right for you?
[caption id="attachment_5328" align="aligncenter" width="300" caption="Less Than 2% of Loan Modifications Applied For receive Any Type Of Principle Reduction!"][/caption] Underwater and payment too high? There are several options available to homeowners who are underwater, and with a mortgage payment that is uncomfortably high- Sacramento Homeowner Options Expert Forth Hoyt Reports on Government Options To Help Homeowners Some of the most misunderstood Government Programs For Underwater Homeowners: ( A ) FHA's Short Refinance Program Launch date: September, 2010 The FHA Short Refinance Program is for borrowers who have remained current on their mortgage payments. It only works IF your bank agrees to write off at least 10% of the principal. If the bank agrees, underwater borrowers can refinance into a new FHA-insured loan. The refinance will put...
Unaffordable Mortgage? How To Start A Loan Modification
[caption id="attachment_5292" align="aligncenter" width="350" caption="Loan Modification Help In Sacramento"][/caption] Has your mortgage payment become unaffordable? Considering a loan modification in Folsom, El DorAdo Hills, Roseville, Natomas, Elk Grove or West Sacramento? Need someone to help with your Sacramento area Loan Modification? Read more and check Government Foreclosure Prevention Program Eligibility here. Homeowners never want to lose their home. And it's never an easy decision for an underwater homeowner or investor to do a short sale or strategic default. As a Certified Short Sale Specialist and an experienced short sale agent, I spend much of my time talking to homeowners in Folsom, El Dorado Hills, Shingle Springs, Cameron Park, and even West Sacramento, Roseville, Rocklin, Natomas and Elk Grove and the entire Sacramento area who...
Fannie Mae Institutes the “Alternative Modification”
Sacramento Certified Pre-Foreclosure Specialist Report: Fannie Mae's Alternative Modification [caption id="attachment_1761" align="aligncenter" width="375" caption="Fannie Mae Institutes Alternative Modification for those who don't qualify for HAMP"][/caption] Modification News from DSNews: Servicers are working faster and more diligently to convert trial modifications to permanent status under the administration’s Home Affordable Modification Program (HAMP). In February, the number of mods in thepermanent column increased 45 percent compared to January. But the bitter truth is that some homeowners won’t qualify for long-term relief even after successfully making their trial payments – whether it’s because of insufficient documentation during the final application process or because once income is verified, their debt-to-income ratio pushes them out of the qualifying bracket. To offer these homeowners another option, Fannie Mae is instituting...
Sacramento Loan Modification News
Sacramento Certified Pre Foreclosure Specialist Report Fannie Mae and Freddie Mac initiated more than 485,000 mortgage loan modifications through December 2009, under the Administration’s Home Affordable Modification Program (HAMP). Total refinance volume increased in December, including those under the Home Affordable Refinance Program (HARP). The data were released by Edward J. DeMarco, Acting Director of the Federal Housing Finance Agency (FHFA), as part of the agency’s monthly Foreclosure Prevention Report. According to DSNews: The Federal Housing Finance Agency’s (FHFA) recently released its monthly Foreclosure Prevention Report, which summarizes loss mitigation activities for Fannie Mae and Freddie Mac through October 2009 and includes Home Affordable Modification Program (HAMP) modification data and refinance data through December 2009. Under the administration’s HAMP, the government-sponsored enterprises (GSEs) initiated more...
Sacramento Short Sale Specialist Gives Explanation of the Short Sale Process
[youtube][/youtube] . . . . Welcome to the best source for short sale advice and short sale information in the Sacramento area! Like the Neville Brothers... I tell it like it is! Sacramento Short Sale Specialist gives additional explanation of the short sale process and more Sacramento Short Sale Help. Read on for more Sacramento Short Sale Info and How To Short Sale on Sacramento and Sacramento Area Short Sale help. The problems with most Sacramento area short sale transactions are the extremely slow communication, processing, negotiating and approval of short sale files. Do you have questions about your particular situation? Looking for more information on Sacramento short sales? Contact us Today At Forth Hoyt’s Sacramento Short Sale Center The Hoyt Group's Short Sale division has worked through many successful short...
GAO’s Newest Report On TARP
[caption id="attachment_233" align="alignright" width="300" caption="Loan Modification Program Off To Slow, Shaky Start"][/caption] In another (this is the sixth) report to congress, the GAO (United States Government Accountability Office) has made new recommendations to the Troubled Asset Relief Program (TARP) in a report that focuses on the Department of the Treasury’s (Treasury) efforts to establish its Home Affordable Modification Program (HAMP). The Entire Report Here: The first page of the report is an easy read that discusses the Treasury Actions Needed to Make The Home Affordable Modification Program More Transparent and Accountable. Here is the Report's Full Page, it gives a great overview of the report and it's findings: Under HAMP, Treasury will use up to $50 billion in TARP funds to (1) modify the first-lien mortgages of homeowners in...
GAO: Federal Loan Modifications Projections Overstated… HAMP Struggles
[caption id="attachment_229" align="alignright" width="250" caption="Loan Modifications Projections Were Way Overstated"][/caption] It seems that a lot of the good news about loan modifications lately have been not based on real numbers, but on assumptions made by the Obama Administration and the Treasury Department... the Home Affordable Modification Program is just getting off the ground and is struggling to get rolling. According to a story I saw today in DSNews: The Obama administration’s plan to modify unsustainable mortgages could fall short of its goal, according to a report released last week by congressional investigators at the Government Accountability Office (GAO). The watchdog agency said the administration’s projections of helping three to four million homeowners lower their monthly payments through the Home Affordable Modification Program (HAMP) “may be...
Loan Modification Scams Are Not Just A California Problem
[caption id="attachment_167" align="alignright" width="413" caption="Loan Modificattion Scams Are Prevelent Everywhere"][/caption] Prosecutors nationwide filed 189 legal actions The Week of July 12 against loan modification consultants accused of bilking homeowners who are desperate to make their mortgage payments more affordable. The lawsuits and cease-and-desist orders announced by Federal Trade Commission Chairman Jon Leibowitz and California Attorney General Edmund G. Brown were part of a nationwide sweep of alleged sham consultants by the federal agency and officials in 18 states. Brown said "We are going to do everything we can to stop it, realizing that there are more rats to come out of their holes than we can stomp on, but we will keep doing the best we can because it is horrible to take advantage of...
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