Archive for August, 2010

How much did Barney Frank and Chris Dodd contribute to the housing crisis?

How about other Democrats?

Loan Modification on adjustable rate mortgage?

Why do loan modification companies want you to start foreclosure
before they want to help you? Why not help before hardship occurs? What is the best thing to do before an adjustable rate resets?

What do you think will be the long-term ramifications of the housing crisis in California?

Foreclosure Help Now-Short Sale Realtor Anahiem, CA Orange County

www.orangecountydistinctivehomes.com Phil is an experienced Mortgage Lender who has made the decision to assist homeowners in need of help with negotiations with banks. Phil enjoys helping his clients solve their loan situations so they don’t have to face foreclosure. Call Phil NOW, 800-231-9248

Should I accept this loan modification offer my attorney negotiated for me for my current mortgage?

2 months deferred mortgage payments
4.0% rate, fully amortized, fixed, for 5 years
5.0% rate after the first 5 years, for the remainder of the loan
40 year term
no prepayment penalty
my current loan is FHA 6.5% 30 year fixed

For tax purposes what is better…foreclosure or short sale?

Which one will a home owner have to pay more taxes, doing a foreclosure or a short sale of the house?
In the state of Nevada, city of Henderson

I think I messed up applying for a mortgage modification?

I keep reading to just call your lender and not hire a third party to apply for a mortgage modification. I called them last year when I fell behind and gave my financials ‘off the top of my head’ and they said I didn’t have enough income left over for them to make the modification. [...]

What should people with poor to decent credit do in light of the subprime housing crisis to buy a home?

If my mortgage isn’t backed by Fannie or Freddie, are there any other refi or modification programs avalaible?

My mortgage is through Bank of America. I was told today that I didn’t qualify for Obama’s “Making Homes Affordable” program because my loan wasn’t backed by Fannie Mae or Freddie Mac. I’ve read that there are alternatives to this program if your mortgage is secured by another company, but I can’t find [...]

Tenants don’t see imam as ‘healer’

Tenants don’t see imam as ‘healer’
http://www.JewishWorldReview.com | (MCT) The Muslim cleric at the center of the proposed mosque and community center near ground zero is also a New Jersey landlord who got more than $2 million in public financing to renovate low-income apartments and has been beset for years by tenant complaints and financial problems.
Read [...]


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