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mortgage help: New Jersey Enacts "Mortgage Stabilization and Relief Act" - 01/30/09 11:59 AM
The "Garden State" just passed a bill enacting the Mortgage Stabilization and Relief Act. According to the act, lenders filing a complaint to foreclose on a high risk mortgage loan must grant borrowers a minimum 6 month period of forbearance to pursue a loan restructure, loan modification, refinancing or other foreclosure alternative. This bill will become effective April 1, 2009. The new act will also require lenders to submit a quarterly report of all N.J. foreclosure actions to the Department of Banking and Insurance. The Mortgage Stabilization and Relief Act also requires lenders to submit a copy of the Notice of Intention to Foreclose to the … (0 comments)
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mortgage help: Homeowner Options To Avoid Foreclosure/ FHA Loans & Loan Modifications - 01/13/09 12:50 PM
Are YOU Or Anyone You Know......
FACING FORECLOSURE?UPSIDE DOWN ON YOUR HOME?STRUGGLING TO PAY YOUR MORTGAGE?
If you are struggling to make ends meet then we will likely have an alternative for you besides allowing your lender to foreclose on your home. Don think that you have no options- we can help you!
They are a few options that you may have depending on your current situation. They are (1) loan modification (2) FHA Streamline Refinance (3) Short Pay Refinance and then there are the "last resort" alternatives which are (4) short sale your home and (5) Foreclosure. Obviously, foreclosing is isn't a good … (0 comments)
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mortgage help: Hope 4 Homeowners Program - 11/28/08 01:57 PM
The Hope For Homeowners Program (H4H) was recently released in October of 2008. The program seems like it would be a great solution to some homeowners out there that are in trouble. The problem is that I don't know of ANY lenders or banks that are actively participating in the program. I have spoken to a number of my colleagues and they also don't know of any lenders that are currently participating in the program. I heard a rumor that Countrywide may be participating in the program shortly, but I can't confirm this.
The H4H program will refinance mortgages for borrowers … (0 comments)
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Gerard Ladalardo, CIAS
Temecula,
CA
More about me…
CB International Realty
Address: 43402 Business Park Drive, Temecula, CA, 92590
Office Phone: (760) 805-7947
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