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refinancing: Avoid Foreclosure in FL - Many Options Await You - 05/21/09 11:34 AM
Let's clear up a misperception. As we encourage troubled homeowners to "avoid foreclosure," we are not assuming that everyone will be able to keep their home. Some people got in far too deep and bought homes far beyond what a person in their income bracket could really afford. When ARMs adjusted or property values plummeted, these people and many others whose homes were more modest find themselves in need of a solution far bigger than anything out there to keep them in their homes. Some borrowers lost their jobs or second income, got divorced, got sick, or ran into other problems.
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refinancing: Do-It-Yourself Loan Modification - Don't Try This at Home - 05/12/09 06:35 AM
You live in a home you love but the payment is pretty high. Fortunately, you have your job and if you pull out all the stops, you can still make the payment. At a time when many others are getting relief in the form of refinancing or loan modification, you start to think how much easier your life would be if only your payment was a few hundred dollars less. You find your way to the Making Home Affordable site, and find you don't qualify for a loan modification because you are current on your mortgage. So you think that maybe … (5 comments)
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refinancing: Hot Off the Press - New Housing Rescue Bill Will Aid Second Mortgages - 05/07/09 01:45 PM
One stumbling block in recent housing stabilization efforts was that the programs only addressed first mortgages. Yet, at least half of seriously delinquent homeowners have second mortgages or home equity lines of credit. A newly passed bill addresses this concern.
When the first Obama plan was announced, investors protested that their loans were jeopardized. As things stand, second mortgages are repaid second if the borrower becomes insolvent. Often the same banks service the same loans which created a conflict of interest. As a practical matter, if the first mortgage was modified and the second wasn't, the homeowner could still have too … (5 comments)
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refinancing: Real Help, Right Now for Nine Million - 04/19/09 09:21 AM
The housing crisis in our society does not lend itself to a one-size-fits-all solution. The recent attempt by the Obama administration to fix mortgage problems with its $75 billion dollar plan only aims to help a small percentage of troubled homeowners. Yet, for those who qualify, real help is in sight. If the current solution fits you, reach out and grab it! The President is encouraging anyone who qualifies to take advantage of the refinancing options offered by the plan to maximize its effectiveness. Those who refinance will be able to receive near-historically low rates that could yield them an average … (2 comments)
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Janice Petteway
Orlando,
FL
More about me…
Exit Real Estate Results
Address: 365 Wekiva Springs Rd. Suite 151, Longwood, FL, 32779
Office Phone: (407) 788-1226
Email Me
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Central Florida real estate, Orlando real estate, Orlando home sales, Orange County, Seminole County, short sales, REO homes, bank owned homes, foreclosures, coaching, exit real estate results, extreme results team, real estate ethics, lakefront property specialist, relocation
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