Mortgage Relief: mortgage modification

Showing posts with label mortgage modification. Show all posts

Tuesday, September 22, 2009

Distressed Homeowner Going into "Forclosure"

Homeowners in Distress, I saw a Blog post tonight that asked for help:

Going Into Forclosure, Please Advise Can An Attorney Help Get Us A New Mortgage To Save Our Home?

Here is their story:

We have been trying to get a modification with Countrywide, but have no faith in them. We have been in our home 24 years. Never missed a payment or been late. Got an Arm that has already adjusted once. Low income from Social Security Disability. The second adjustment will be in January at that time we are absolutely done, can not make house payment.

Is your Mortgage Interest rate adjusting?
Has your income level changed during this down economy?
Are you experiencing financial hardship?

Here was Our Reply:

Making Home Affordable Program has rules to which the Homeowner needs to meet
to qualify for any mortgage relief and mortgage reduction.

We do a No Cost/No Obligation Mortgage Analysis and Free Pre-Qualification, so you should check this, it’s free.

You’ll have an answer in 1-2 business days. This may be
your best solution.

If you qualify, there is no credit check, your credit is not a factor. We do all the
documents for you to submit to the lender.

Get Help Now

If you are having difficulties with your Mortgage
You can get help now, if you qualify for the Making Home Affordable Program.

Many homeowners are qualified now,
but they don't know how to apply or
they don't ask for help.

Give us a chance to help you now!

Fill out the Short Form at No Cost or Obligation. Go Now to:
Pre-Qualification Application

Thursday, April 16, 2009

Topics That We Have Recently Covered

Here are Topics we have discussed in recent posts...

15-year fixed-rate mortgage, 5-year ARM fall to record lows

The price of monthly mortgage payments just got lower as the
15 year fixed and 5 year ARM fell to record lows while the 30 year
is now under 5%.

Rates on fixed-rate mortgages dropped this week, with the benchmark
30-year fixed-rate mortgage averaging 4.82%,
according to Freddie Mac’s weekly survey, released on Thursday.

See full story

Fifteen-year fixed-rate mortgages averaged 4.48% for the week ending April 16, down from 4.54% last week and 5.40% a year ago. This week's average is the lowest for the mortgage since Freddie Mac began officially tracking it in August 1991.

The ARM also set a record: It is at its lowest since Freddie Mac began tracking it in January 2005.

Despite the exceptional rates, potential Home Buyers may still
be reluctant to enter the Market.

The Mortgage Bankers Association reported applications were down 11% for the week ending April 10, compared with the week before.

What if you already have a home? What if you are currently "stuck"
with a Mortgage higher that this week's 15 year fixed?

What if you currently have a mortgage higher than 5%?

What if YOU could get Mortgage Relief?

What if YOU could get Mortgage Modification to a lower rate?

Get a Free Mortgage Audit...Save Thousands of Mortgage dollars!

If you need to improve your credit to get the best rates,
go see this free credit tutorial video...

Monday, April 13, 2009

Free Mortgage Analysis at Im Not Leaving.com

Here is the sample of free Pre-Qualification Application
from I'm Not Leaving.com

Pre-Qualification Application

If a question does not apply please leave blank.
General Information

First Name	*
Last Name	*
Spouse First Name
Spouse Last Name
Referred By


Address Information

Address Line 1	*
Address Line 2
City	*
State	*
Zip	*

Contact Information


Phone Number	*
Alternate Phone Number
Email Address	*
Alternate Email Address
Preferred Contact Method	Phone Email

Subject Property


Same as Contact Address?
Address Line 1	*
Address Line 2
City	*
State	*
Zip	*

Employment Information


Employer	*
Years in Current Job	*
Work Phone	*
Job Title
Part Time Employer
Years in Part Time Job
Spouse Employer
Spouse's Years in Job
Work Phone
Spouse's Job Title
Spouse's Part Time Employer
Spouse's Years in Part Time Job
Number of Dependents	*
Dependent Ages (0=none)	*

Mortgage Information


1st Mortgage Lender	*
Mortgage Loan Type	*
Mortgage Loan Number	*
1st Mortgage Interest Rate	*
Months Behind	*
2nd Mortgage Lender
2nd Mortgage Loan Type
2nd Mortgage Loan Number
2nd Mortgage Interest Rate
# of Liens on Property
Total Lien Amount Owed
Months Behind
Purchase Price
1st Mortgage Owed / Balance	*
2nd Mortgage Owed / Balance	*
Date Purchased	*
Current Estimated Home Value
Foreclosure Lawyer
Foreclosure Lawyer Phone Number
Foreclosure Hearing Date
1st Mortgage Foreclosure Sale Date
2nd Mortgage Foreclosure Sale Date
Hardship
Detailed Reason Behind

Income Information


Borrower's Monthly Take Home Pay
Spouse's Monthly Take Home Pay
Other Monthly Income
Other Monthly Income Description
Est. Avg. Future Monthly Income
Cash on Hand for Negotiation

Expenses Information


Rent or Home Mortgage Payment	*
2nd Rent or Home Mortgage Pmt.
Electricity Bill
Heating Bill
Water / Sanitation Bill
Telephone Bill
Newspapers, Periodicals, Books
Medical and Drug Expenses
Auto Insurance
Homeowner's Insurance
Cable Television
Transportation	(Gas, Bus, Cab)
Monthly Property Taxes
Alimony, Maintenance, or Support
Child Care, College, School Tuition
Clothing
Laundry and Cleaning
Religious and/or Charity
Automobile Payments
Misc. Creditors Total Monthly Pmts.
Chapter 13 Payment
Food	(groceries, dining)

You simply fill in the information and "Submit" the form for
a free Mortgage Review and Analysis
at order.imnotleaving.com
See if you qualify for a mortgage modification..free review

Mortgage Relief