loanmodificationscams.net

What do you make of President Obama`s Mortgage Relief Plan?

admin — Tue, 21 Feb 2012 17:56:43 +0000

Every other news article is another bailout, another failed loan, another stimulus. The governments role is not home financing. Not student loan funding. Not auto manufacturing. Not banking. Not solar panel manufacturing.

How do I qualify for a loan modification?

admin — Tue, 21 Feb 2012 17:56:24 +0000

Does anyone knew how could I qualify for a loan modification and what are the requirements needed?

The loan modification is only for mortgage loans, not student loans (just wanted to clarify since you’re asking in the financial aid section). A loan modification is completely up to your lender – they are not required to give you one. If you’re facing foreclosure, you’ll have a better chance of receiving one because no lender is going to modify your loan if you’re paying (they’ll be losing money!). However, once you’re facing foreclosure, the damage to your credit is already done and with no guarantee that your loan will be modified, you may lose your home… so, obviously, this should only be done if you absolutely have to and if you’ll lose your home anyways. Good luck to you.

The HARP and HAMP programs; anyone have luck?

admin — Tue, 21 Feb 2012 17:56:13 +0000

I’m currently working with our lender to do a HARP and I just wanted to know if anyone else out there as been successful with either a HAMP or HARP and if you did qualify for a HARP, what kind rate did you get? I’m only curious and would like to hear your opinion on these programs and or situation. Thanks! and no lame answers please. I’m looking for HOME OWNERS in the same boat, if you don’t own a home, no need to reply to me!

HARP is a successful program and easy to qualify for if your home is owned by Fannie Mae or Freddie Mac. As long as your mortgage origination date falls in line with requirements it’s an easy streamlined process. HARP 2 will allow unlimited LTV which means it doesn’t matter how far upside down you are.

HAMP on the other hand is a loan modification program and you have to show a hardship to get this and doing a HAMP mod carries some baggage, such as affecting your credit score negatively and restricting future sales and/or refinances for a period of time. HAMP is a long process and requires patience on your part and the cooperation of your current lender. HARP loans can be done by any lender for you. HAMP must be done with your current lender.

If you qualify for HARP, you will get market rates and in some instances, rates less than a standard refinance because the pricing adjustments for credit score have been capped in HARP.

For more detailed info on the HARP program, check this link : http://HARPSupport.Org

Is anybody familiar with loan modifications?

admin — Tue, 21 Feb 2012 17:56:02 +0000

We were contacted by a company that said that they could help us to keep our home instead of letting it go to foreclosure. We have to pay them after they’ve helped us $1400. What do you think about this? Is this a scam or legit?

Why throw good money after bad money???

Past due is past due.

Most lenders would probably work w/ you to restructure your mortgage as quickly as they would with an outside company.

Call your creditor & talk. Communication is key to solid fiscal responsibility.

YOU are the one holding the keys to resolve issues. Be honest, be upfront and be realistic.

If you cannot afford it, you cannot afford it. If you can, but you simply need time – talk.

Good luck.

AFSOA – Prime Legal Plans -2

admin — Mon, 20 Feb 2012 04:45:41 +0000

iFAo0o/0.jpg” align=”left”>Most people think that they are “All Set” when the bank is finally working with them for a loan mod. Truth be told: The bank is setting homeowners up for foreclosure. They use all the information you supply them to give their attorneys showing you are having a problem with your mortgage so they CAN foreclose on you. There are options for you. Call AFSOA 866-208-0278 EXTENSIONS 8005 or 8014 to get the real help that is needed to save your home. We are a proud provider of Prime Legal Plans. Check out Prime Legal Plans: http://www.ripoffreport.com/loan-modification/prime-legal-plans-re/prime-legal-plans-review-prim-18eff.htm
they are a reputable company helping thousands of homeowners around the country to FINALLY fix their mortgage so they can keep their homes! AFSOA has combined with Prime Legal Plans to help homeowner fix their mortgage! Look for us on AFSOA.COM.

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President Obama Speaks on Landmark Housing Settlement with Banks

admin — Mon, 20 Feb 2012 04:45:41 +0000

The President announces a landmark settlement between the government and the nation’s largest banks that will speed relief to the hardest-hit homeowners, end some of the most abusive practices of the mortgage industry, and begin to turn the page on an era of recklessness that has left so much damage in its wake. February 9, 2012.

Barack Obama For President 2012 http://www.sodahead.com/united-states/barack-obama-for-president-2012/group-25097

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e.com/embed/XgG5_dmsdew” frameborder=”0″ allowFullScreen=”true”>

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Living Cars: Modified Scorpio, Sonata easy luxury – NewsX

admin — Mon, 20 Feb 2012 04:45:40 +0000

Living cars is an ultimate referral for consumers who want a lowdown of the latest, best and most happening set of wheels on the road. This time get your dream car in your budget. See a Scorpio getting converted into a hummer and a Hyundai Sonata turn into a Stretch Limo. All are at a very affordable cost.

For More log onto – http://alpha.newsx.com

Duration : 0:7:45

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Expanded HAMP Loan Modification Program

admin — Mon, 20 Feb 2012 04:45:39 +0000

ft”>As of January 27th, the US Government expanded it’s loan modification and principle reduction program extensively. The filing date was extended to the end of 2013, the debt ration allowance was increased, rental property can be considered, and Fannie Mae and Freddie Mac backed loans are now eligible. If you are a financially distressed Oklahoma City Oklahoma homeowner, this expanded program will probably be better for you than the recent settlement with the 6 major lenders and the states becasue 80% of Americans will not be eligible for the principle reduction plan and it is more likely that you qualify for HAMP. More information will be available at www.makinghomeaffordable.gov, or you can email me at joe@joepryor.com and visist our website www.avoidforeclosureoklahoma.com.

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Technorati Tags: HAMP

Loan Modification Scam PSA

admin — Mon, 20 Feb 2012 04:45:38 +0000

This Public Service Announcement discusses some of the most common loan modification scams and provides helpful resources for NYC homeowners.

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Technorati Tags: homeowners, loan modifications, NEDAP, Nonprofit, Nyc

Do you believe this second mortgage bailout will actually work?

admin — Tue, 14 Feb 2012 15:11:54 +0000

0bama already admitted the first $275 billion was a failure.

FEBRUARY 19, 2009 Housing Bailout at $275 Billion
Obama Plan Would Fund Loan Modifications, Cover More Losses at Mortgage Titans

http://online.wsj.com/article/SB123496582087411241.html

President Obama outlined his plan to offer hundreds of thousands of Americans mortgage relief today, test-driving a new campaign slogan and arguing that “We can’t wait” for Congress to act to jumpstart the economy.

http://abcnews.go.com/blogs/politics/2011/10/obama-offers-mortgage-relief-plan-we-cant-wait-for-congress/

Many economist have predicted this will cause numerous banks ot fail, so no due to that and the dismal failure of the first "stimulus" I do not see a second round of massive wasted money added to the debt will do much more than give liberals talking points. (as they ignore the 23 plus jobs bills and recovery bills "stalled" in the senate by democrat harry reid.