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green credit solutions: Beware of Loan Modification Scams - 10/29/09 02:47 PM
Once again another scam seems to have come out of this housing crisis which seems to be in recovery mode. Recently Senate Bill 94 was introduced to keep any and all companies doing loan modifications from charging an advance fee. My understanding of the bill is that companies can not charge up front fees not that companies can not continue to work on modifications for clients that had already paid. Here's a copy of the bill for you to read yourself, http://www.leginfo.ca.gov/pub/09-10/bill/sen/sb_0051-0100/sb_94_bill_20091011_chaptered.html.
Recently I learned of a company that has decided to pull the plug on clients of mine and they … (1 comments)

green credit solutions: Loan Modifications - 10/29/08 03:49 PM
Loan Modifications seem to be the next industry to boom. There are so many people that owe more than their house is valued and with the economy in a downward spiral some of these people are having a difficult time making their mortgage payments. Companies are starting to issue layoff notices and they have also cut down on bonuses and overtime. Most people I know depend on the overtime to survive. Banks have also frozen many home equity lines of credit (HELOC) in this credit crunch. We are a society that uses debt as leverage so that we can have the … (0 comments)

green credit solutions: NAR's Stimulus Plan - 10/23/08 04:59 PM
The National Associaton of Realtors (NAR), who I'm a member of, recently presented a stimulus plan to congress. Why shouldn't they since congress seems to be doing anything that they feel is going to boost confidence in the market. It is only tax money after all. Here it is and you can also read about it at http://www.mortgagenewsdaily.com/10222008_NAR_Four_Point_Plan.asp.
$7500 tax credit to all buyers without having to pay it back. Urge congress to use some of the $700 billion to buy mortgage backed securities. Extend credit to Main Street, making credit more accessible to consumers and businesses. Expediting the short sale … (0 comments)

 

Mario Villagran, MBA, Realtor

Burbank, CA

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Address: 4354 Perlita Ave, Los Angeles, CA, 90039

Office Phone: (818) 416-7511

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