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Obama Addresses Short Sales: New Programs | Stop Foreclosure Now! ~ San Francisco Bay Area
https://stopforeclosureblog.wordpress.com/2009/05/15/obama-addresses-short-sales-new-programs
San Francisco Bay Area. FORECLOSURE PREVENTION GUIDE for San Jose, Santa Clara, San Mateo, Daly City, San Francisco, Oakland, Hayward, Fremont, and more! May 15, 2009. Obama Addresses Short Sales: New Programs. Last Thursday, the Obama administration revealed additional programs they are tacking onto the Making Home Affordable program. The main parts of the program aim at preventing foreclosure by helping borrowers refinance, or if they’re behind on payments – to seek loan modifications. Will be given 90...
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Record-High Foreclosure Activity in 2009 Q1 | Stop Foreclosure Now! ~ San Francisco Bay Area
https://stopforeclosureblog.wordpress.com/2009/05/28/record-high-foreclosure-activity-in-2009-q1
San Francisco Bay Area. FORECLOSURE PREVENTION GUIDE for San Jose, Santa Clara, San Mateo, Daly City, San Francisco, Oakland, Hayward, Fremont, and more! May 28, 2009. Record-High Foreclosure Activity in 2009 Q1. The Mortgage Bankers Association (MBA) reported that in the first 3 months of this year, over 616,000 homeowners were hit with foreclosure actions. The MBA predicts that the wave of foreclosures won’t level off until the end of 2010. Despite the government’s role in pushing for loan modifi...
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Government Short Sale Incentives – launched! | Stop Foreclosure Now! ~ San Francisco Bay Area
https://stopforeclosureblog.wordpress.com/2009/05/20/government-short-sale-incentives-launched
San Francisco Bay Area. FORECLOSURE PREVENTION GUIDE for San Jose, Santa Clara, San Mateo, Daly City, San Francisco, Oakland, Hayward, Fremont, and more! May 20, 2009. Government Short Sale Incentives – launched! We received from Arton Chau of Home Buyers Alliance. The following news from the National Association of Realtors Government Affairs Division:. The program will include streamlined and standardized documents, including a Short Sale Agreement and an Offer Acceptance Letter. The goal is to min...
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Government Assistance & Second Mortgages | S.F. Bay Area LOAN MODIFICATION
https://loanmodblog.wordpress.com/2009/05/06/government-assistance-second-mortgages
SF Bay Area LOAN MODIFICATION. May 6, 2009. Government Assistance and Second Mortgages. 8212; Tags: government involvement. 8212; sfbassblog @ 9:10 pm. In April, Obama’s administration said it is expanding the foreclosure prevention program to cover second mortgages. Under the new program, second mortgages will be modified. Interest rate reduced to 1% on loans where payments cover interest and principal. Interest rate reduced to 2% for interest-only loans. Leave a Comment ». Feed for comments on this post.
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HOPE for Homeowners – Revamped! | S.F. Bay Area LOAN MODIFICATION
https://loanmodblog.wordpress.com/2009/05/23/hope-for-homeowners-revamped
SF Bay Area LOAN MODIFICATION. May 23, 2009. HOPE for Homeowners – Revamped! 8212; Tags: government involvement. 8212; sfbassblog @ 1:55 am. HOPE was launched in October, but has had an embarassigly low usefulness rate. It was a voluntary program, and lenders for the most part were not going along with it, as they had little incentive. On Wednesday, congress passed a bill revamping the HOPE program, making it more enticing for lenders, and hopefully more useful for distressed homeowners. You are commenti...
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How Lenders Review Modifications | S.F. Bay Area LOAN MODIFICATION
https://loanmodblog.wordpress.com/2009/04/24/how-lenders-review-modifications
SF Bay Area LOAN MODIFICATION. April 24, 2009. How Lenders Review Modifications. Filed under: Consumer Guide. 8212; Tags: alternatives. 8212; sfbassblog @ 8:51 pm. When a lender receives a modification application, there are 6 main factors that they consider. Nature of Your Hardship. In other words, are you truly in a financial position where you absolutely CANNOT afford the current mortgage payments? The lender wants to know that you can afford to make modified mortgage payments. Leave a Comment ».
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CA Residents’ Biggest Financial Hardship? | Stop Foreclosure Now! ~ San Francisco Bay Area
https://stopforeclosureblog.wordpress.com/2009/05/07/ca-residents-biggest-financial-hardship
San Francisco Bay Area. FORECLOSURE PREVENTION GUIDE for San Jose, Santa Clara, San Mateo, Daly City, San Francisco, Oakland, Hayward, Fremont, and more! May 7, 2009. CA Residents’ Biggest Financial Hardship? The biggest reason stated on Hardship Letters has got to be unemployment. And as we all know California is not the cheapest place to live in…. If you list unemployment on the Hardship Letter, keep in mind that the lender will ask the following questions:. Does your spouse work? Behind the Scenes For...