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Debt Relief – Insolvency – Bankruptcy Information » Entries tagged with "Homeowners"

Mortgage Refinancing For Homeowners With Bad Credit

Homeowners with a bad credit rating, and are behind on their mortgages and other loans, yet still have some equity in their home, should consider mortgage refinancing. With mortgage rates near all time lows, homeowners can easily save a lot of money, and improve their finances, by getting a refinance. Here are 3 things which you should be aware of when looking to get a home loan refinanced: -Do research on potential Mortgage Lenders Mortgage lenders and banks are a dime a dozen. Even if you find a good, reputable, lender, it will still be good to have choices, and other mortgage lender options. Homeowners with bad credit may have a hard time getting approved for a traditional refinancing and may need to look for a sub prime mortgage lender. Sub prime … Read entire article »

Filed under: Mortgage Refinancing

Where’s the Promised Government Loan Money (HARP) for Distressed Homeowners?

THE HISTORY OF HARP Since 2007, when the American housing bubble burst, untold numbers of homeowners have found themselves in the dire dilemma of seeing the value of their homes sink below the amount they owe on their mortgages, putting them “under water” in mortgage jargon. With most mortgage lenders requiring a loan to value ratio (LTV) of 80% or less on refinancing (not requiring private mortgage insurance [PMI]), these homeowners have been basically locked out from taking advantage of the record low interest rates. Seeking solutions, the Federal Housing Finance Agency (FHFA) introduced the Home Affordable Refinance Program (HARP) in March 2009 thus began the history of HARP. WHO QUALIFIES FOR HARP? HARP was designed to help homeowners obtain refinancing when the value of their home exceeded 80% LTV without having to … Read entire article »

Filed under: Mortgage Refinancing

HARP Loans For Underwater Homeowners To Refinance Into Lower Mortgage Rates

Article by Karan Agarwal For much of the past year, mortgage rates have been at or near record low points. Unfortunately, many homeowners have been unable to take advantage of these rates due to declining home equity. Many homes have lost significant amounts of value since the housing market peaked in 2006. As a result, many homeowners now owe more on their mortgage than their home is worth (this condition is known as being “underwater” or “upside-down” on one’s mortgage). Homeowners who lack equity in their homes are frequently unable to meet the loan-to-value (LTV) ratios required by lenders in order to refinance their mortgages. These borrowers may be missing out on thousands of dollars worth of savings. In response to this situation, the government created the Home Affordable Refinance Program (HARP). … Read entire article »

Filed under: Mortgage Refinancing

Short Sale – Homeowners Road to Recovery!

When a homeowner defaults on their mortgage, typically after missing 3 – 6 payments, there lender will initiate the foreclosure process. Foreclosure is the legal and professional proceeding in which a lender obtains a court-ordered termination of a mortgagor’s equitable right of redemption. In layman’s terms a foreclosure is the legal process a lender must go through in order to take back a property after a homeowner has defaulted on the terms of their mortgage. Banks are not in the business of owning properties, and therefore every bank has some type of Asset Management department specifically for liquidating non-performing assets. So, as a homeowner, foreclosure doesn’t necessarily mean all hope is lost. One of the ways a lender can liquidate a non-performing or bad asset (mortgage) is to allow a … Read entire article »

Filed under: Foreclosure Help, Insolvency

Mortgage Help For California Homeowners Through Mortgage Settlement

California homeowners will be getting mortgage help through a new mortgage settlement. www.rmilending.com Rich Iacovetta with RMI Lending explains how mortgage relief will come to some California homeowners that are upside down on their mortgage through a settlement with the country’s five largest banks for mistakes made during their foreclosure process.The mortgage help will come in the form of a mortgage refund for some and a principal reduction for others. A man finds out he can’t buy a house because his current bank is reporting him as being dead on his credit report. Steven Seagal is in trouble and being sued for his antics in trying to break up a cockfighting ring with a tank Shemwell on Shemwell The Business of Marketing Episode 4. Event: On February 9, 2012, Bank of … Read entire article »

Filed under: Debt Relief, Foreclosure Help, Mortgage Refinancing

Help for homeowners when mortgage problems arise

(Reuters) – Even homeowners who play by the rules can run into problems with lenders. View full post on Reuters: Money … Read entire article »

Filed under: Mortgage Refinancing

Old mortgages rise from the dead, haunt homeowners

(Reuters) – In July 2009, Roy and Sheila Bowers refinanced the mortgage on their suburban ranch home in Topeka, Kansas. The couple wanted to take advantage of the low interest rates that were all the… View full post on Reuters: Money … Read entire article »

Filed under: Mortgage Refinancing

Homeowners feeling trapped in struggling Florida housing market

WPTV interviews Paul Baltrun, Director of the Home Owner Assistance Division at the Law Office of Paul A. Krasker, PA about the foreclosure crisis and what is available for homeowners struggling with mortgage payments. kraskerlaw.com myforeclosuredefense.biz … Read entire article »

Filed under: Foreclosure Law

H4H Testimonial Relief for Homeowners, Struggling Homeowners, Support and Guidance

Testimonial Relief for Homeowners, Struggling Homeowners, Support and Guidance for Homeowners, delinquent mortgages, Short sales, Foreclosures, Debt Relief, Foreclosure attorney, Strategic default … Read entire article »

Filed under: Foreclosure Law

Hope for Homeowners Consulting – Foreclosure Webinar

Hope for Homeowners Consulting Presents this webinar with leading distressed property expert Chris Sommer and foreclosure attorney Ross Spano discussing the information you need to be aware of in the current marketplace.Hope for Homeowners Consulting has an experienced team & relationships with some of the area’s best real estate agents, property managers and attorneys. So…if you know someone drowning in debt, call H4H Consulting…we will help them ‘Chart their course’ back to safety and sanity! h4hconsulting.com 800.604.0266 … Read entire article »

Filed under: Foreclosure Law

Mortgage Finance Experts: How will the market affect homeowners who will be refinancing next year?

My parents bought their home 4 years ago at a 4% rate, which is due to change next year when their loan rate. With the market crunch and the new strict lending that’s bound to occur as a result of this, they are worried about what refinancing has in store for them. The good news is that they have flawless credit (they successfully removed their PMI, and they are early every month on their mortgage payments —and they pay an extra couple of hundred dollars than they should. Not to mention their credit card debt is very low (only a couple of thousand dollars). They’ve both been at their great paying jobs for over a decade; but they are still worried about whether they will be … Read entire article »

Filed under: Mortgage Refinancing

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