Upside Down Mortgage

Archive for September, 2009

Loan Modification Wachovia 2009

For A+ BBB California Mortgage Loan Modification Services go to www.yourhomestart.com

In April 2009, the Obama administration took steps to bolster the troubled housing market by implementing the Homeowner Affordability and Stability Plan (HASP). With a $75 billion total budget, the plan aims to help a projected four million homeowners over the next three years by reducing monthly interest rates and encouraging borrowers to adopt a loan modification plan. Among those banks committed to Obama’s plan are three of the nation’s largest; JP Morgan Chase, Wells Fargo, and Citigroup are all dedicated the effort.

Homestart provides A+ BBB rated loan modification service to customers of these banks as well as Bank of America, US Bank, Wachovia, Countrywide and many others. Homestart’s established personal relationship with the country’s leading mortgage lenders has made it one of the nation’s leading loan modification service companies, and they are one of the few loan modification companies to have the accredited A+ rating from the Better Business Bureau, as well as a license issued by the California Department of Real Estate (DRE).

Although California is currently seeing a slight decline in foreclosure activity, the rate of foreclosures in recent years is staggering, especially considering California is home to one in nine Americans and has 8.5 million houses. Furthermore, with an unemployment rate as high as 12.5 percent, Californians will continue to rely on the HASP as well as the California Mortgage Foreclosure Prevention Act, which went into effect June 15, 2009 to help them through the tough times.

HomeStart’s extensive experience working in the loan modification industry provides them with great expertise in working through even the most difficult applications and terms. Contact Homestart at anytime to discuss your financial hardship- we will listen and maintain the highest level of confidentiality. We have an entire team of experienced loan modification consultants who can help answer any questions you may have, regardless if you pursue a loan modification through HomeStart.

For more information please go to www.YourHomestart.com

About the Author:

HomeStart offers A+ BBB accredited loan modification services from San Diego, California. HomeStart is also licensed by the Department of Real Estate to provide turnkey, loan modification services.

Article Source: ArticlesBase.com - California A+ BBB Home Loan Modification Programs | San Diego

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Mortgage Help In Pa

Question: Hello, I am shopping for a mortgage for an investment property in PA.?

I would like to know:
1. Are there differences in rates between mortgages for primary living and investments? what are they?
2. What is the best rate for investments right now for fixed with 0 points?
3. What could be the hidden charges that I need to be aware of or to ask about?
Thanks!

Answer: 1. Yes, there are different rates between primary and investment properties. What they are depends on the lender, but they are always higher than primaries. Generally, the maximum LTV on investment properties is 90%, so you'll need 10% down. This will also depend on your credit.

2. You sure you want a fixed rate on an investment property? Most people I deal with that are looking for investment properties are looking for the low teaser rate to maximize profits, knowing they'll have to refinance in 2 years. As far as what the best rate is, there's no way to tell you based on the information you gave us.

3. RESPA requires that all charges be disclosed on a Good Faith Estimate within 3 days of application. In addition, all charges must be disclosed on the HUD settlement form at closing.

Help we need a mortgage loan

Mortgage Fraud Sentencing

Question: Put credit repair scams in one sentence.?

Put this into one sentence.

Credit Repair Scams

Credit repair scams offer to erase accurate negative information from your credit file so you can qualify for a credit card, auto loan, home mortgage, or a job.

The scam: The scam artists who promote these services can't deliver. Only time, a deliberate effort, and a personal debt repayment plan will improve your credit. The companies that advertise credit repair services appeal to consumers with poor credit histories. Not only can't they provide you with a clean credit record, but they also may be encouraging you to violate federal law. If you follow their advice by lying on a loan or credit application, misrepresenting your Social Security number, or getting an Employer Identification Number from the Internal Revenue Service under false pretenses, you will be committing fraud.

Answer: Good news!!

They're not ALL bad, just 99%. There is one REAL company who actually does it very right. He has been in business 13 years AND NEVER HAD ONE COMPLAINT filed against him, which is unheard of in this scam business

He just lives in the town next to me, but he helps people all over the country. All the people I know of who used him have had their records cleaned...legally...at a very reasonable price (if he doesn't clear items off your report, you don't pay, and he charges only $50 or so for each item taken off). If you want it done, this guy is the real deal. He's a friend of mine. He'll appreciate your credit problems and really help you. Here's his address:

http://www.redeemyourcredit.com/

Mortgage Fraud Update with Rachel Dollar