ratemodify.com modify's Blog

golf course homes for sale

ratemodify.com modify (www.ratemodify.com) — Thu, 26 May 2011 01:49:26 -0700

Golf cours homes for sale if your not a golfer? I recently just had dinner with an agent in Scottsdale AZ and he told me he just signed on a deal for a gated golf course home where the buyer didn't golf but was obviously interested in giving it a try. Excuse me? He liked the "green belt", the pools and spas and all the amenities that a high class private community has to offer so the place was perfect for his family. After explaining a bit about blogging I have decided to write two blogs to see if I can get him more buyers in said location. I suggested some amateur golf clubs as a closing present =) If you are looking for golf course homes for sale then have at it!

Getting Your Home Ready For Winter

ratemodify.com modify (www.ratemodify.com) — Fri, 15 Oct 2010 13:24:50 -0700

I step outside to get my daily dose of coffee and notice that the sun is shinning but its cold ahh winter is here. I remember last winter when I had get online to look for plumbing bothell to replace two of my hose connection to my hoses outside because I did not wrap them in insulation. This plumbing blog has all the good information that I was lacking about keeping your home safe in the winter time. If you where like me or just need maintenance tips or help then this local Plumbing company in Bothell WA is the place to go. They are honest, fair in cost and fast and thats the main factors that I look for in any business I want to deal with.

Via Jason Channell, The House Sleuth (Diadem Property Inspections):

Getting Your Home Ready For Winter

It was another beautiful October day in Southeast Michigan. Temperatures reached about 73 degrees F in my back yard where the thermometer is located. But in spite of the lovely autumn weather we are enjoying, I know a typical cold Michigan winter is around the corner. And that means it is time for winterization, the process of preparing the home for the harsh conditions it will face during the winter.

Winterizing is usually performed in the fall before snow and excessive cold have arrived, and it protects against damage due to bursting water pipes, and from heat loss due to openings in the building envelope.

Plumbing System

Have you ever experienced a burst pipe? The water damage can be devastating, since a ruptured pipe will release water and not stop until someone shuts off the water. If no one is home to do this, an enormous quantity of water will flood the house and cause thousands of dollars' worth of damage.

But very small ruptures or ruptures that are stopped quickly are also a major source of headaches. Water leakage can result in mold growth and property damage, and broken water pipes can be costly to repair.

Here are some tips on protecting the plumbing system to endure a harsh Michigan (or whatever state you reside in) winter:

All exposed water pipes in cold areas, such as attics, garages, and crawlspaces, should be insulated. Foam or fiberglass insulation can be purchased at most hardware stores. Insulation should cover the entirety of a pipe.

Plastic is more tolerant of cold expansion than copper or steel. Houses in colder climates might benefit from the exclusive use of approved plastic plumbing.

Water supply for exterior pipes should be shut off from inside the house and then drained.

Sprinkler systems are particularly vulnerable to cracking due to cold-weather expansion. In addition to turning them, it helps to purge the system of any remaining water with compressed air.

Homeowners should be aware that much of the plumbing system travels through areas that are significantly colder than the rest of the house. Because it is impossible to monitor the temperature of every portion of the plumbing system, indoor air temperature should be kept high enough throughout the winter to keep pipes in any unheated places from freezing.

Building Envelope Leaks

It costs a lot to heat a house. Leaky window frames, door frames, and electrical outlets can allow warm air to escape into the outdoors. But the good news is that it doesn't cost much to seal them.

Windows that leak will allow cold air into the home. Feeling for drafts with a hand or watching for horizontal smoke from an incense stick are a few easy ways to inspect for leaks. They can be repaired with tape or caulk.

On a breezy day, a homeowner can walk through the house and find far more leaks than they knew existed. Leaks are most likely in areas where a seam exists between two or more building materials.

Insulation

Because hot air rises into the attic, a disproportionately larger amount of heat is lost there than in other parts of the house. Like a winter hat that keeps a head warm, adequate attic insulation will prevent warm indoor air from escaping. Attic insulation should be 12 inches thick in cold climates.

Storm doors and windows should be installed to insulate the house and protect against bad weather.

Heating Systems

The heating system is used most during the winter so it’s a good idea to make sure that it works before it’s desperately needed. The following inspection and maintenance tips can be of some help to homeowners:

Test the furnace by raising the temperature on the thermostat. If it does not respond to the adjustment quickly it might be broken.

Replace the air filter if it’s dirty.

If the furnace is equipped with an oil or propane tank, the tank should be full.

Cooling Systems

Use a hose to remove leaves and other debris from the outdoor condensing unit, if the home is equipped with one. Protect the unit with a breathable waterproof cover to prevent rusting and freezing of its components.

Remove and store window air conditioners when they are no longer needed. Cold air can damage their components and enter the house through openings between the air conditioner and the windowpane.

Ceiling fans can be reversed in order to warm air trapped beneath the ceiling to recirculate. A fan has been reversed if it spins clockwise.

Chimneys and Fireplaces

The chimney should be inspected for nesting animals trying to escape the cold. Squirrels and raccoons have been known to enter chimneys for this reason.

The damper should open and close with ease. Smoke should rise up the chimney when the damper is open. If it doesn't, this means that there is an obstruction in the chimney that must be cleared before the fireplace can be used.

A chimney-cleaning service professional should clean the chimney if it has not been cleaned for several years.

The damper should be closed when the fireplace is not in use. An open damper might not be as obvious to the homeowner as an open window, but it can allow a significant amount of warm air to escape.

Glass doors can be installed in fireplaces and wood stoves to provide an extra layer of insulation.

Roofs

If debris is left in gutters, it can get wet and freeze, permitting the formation of ice dams that prevent water from draining. This added weight has the potential to cause damage to gutters. Also, trapped water in the gutter can enter the house and lead to the growth of mold. For these reasons, leaves, pine needles, and all other debris must be cleared from gutters. This can be done by hand or with a hose.

Missing shingles should be replaced.

Landscape

Patio furniture should be covered.

If there is a deck, it might need an extra coat of sealer.

Winterizing Unoccupied Homes

Adequate winterization is especially crucial for homes that are left unoccupied during the winter. Michigan has its fair share of snowbirds, spending the winter months in a warmer location. Unfortunately, we also have more than our fair share of vacancies due to foreclosure.

The heat may be shut off in vacant homes in order to save money. Such homes must be winterized in order to prevent catastrophic building damage.

Consider these measures for protecting unoccupied homes:

Winterize toilets by emptying them completely. Antifreeze can be poured into toilets and other plumbing fixtures.

Winterize faucets by opening them and leaving them open.

Water tanks and pumps need to be drained completely.

Drain all water from indoor and outdoor plumbing.

Unplug all non-essential electrical appliances, especially the refrigerator. If no electrical appliances are needed, electricity can be shut off at the main breaker.

Jason Channell, The House Sleuth

(888) 699-8710

Learn more: Indoor Air Quality and Environment

Learn more: Maintaining Your House

plumbing bothell wa

ratemodify.com modify (www.ratemodify.com) — Fri, 15 Oct 2010 13:10:36 -0700

plumbing bothell

As any home chef knows, one of the most important kitchen tools is the garbage disposal. And as most home chefs know, when the garbage disposal is broken even the simplest of kitchen tasks can be a chore. Proper maintenance is key! Here are a few helpful tips to keep your disposal happy and healthy:

Clean your Garbage disposal every time you use it. Pour a small amount of dish soap down the drain with some cold water and let it run for a minute or two. Then turn the disposal off and let the water run for a few more seconds to clear out any particles.
Only use cold water. This allows any grease or fat to harden and be chopped up while they are solid. Liquid fats tend to stick to the sides of pipes to create stubborn blockages.
It is important to use the disposal frequently to avoid rust and buildup. Egg shells and chicken or fish bones can help clean buildup, while citrus peels freshen.
If you Find yourself in need plumbing in Bothell then give this local business a try.

Short Sale Valencia CA

ratemodify.com modify (www.ratemodify.com) — Thu, 28 Jan 2010 11:08:09 -0800

Short Sales in Valencia CA If you are in a position where you can no longer afford your home or like many of us hardships have placed us struggling to survive and facing potential foreclosure there is help. Deciding what to do when in this situation is yours to make, but one thing always holds true, a educated decision is better then a guess. Call those that are experts and have learned the different options for your situation so that you may gain the knowledge required to make a good decision on if a short sale is good for you.

Via Kristen Gibson (Keller Williams VIP Properties):

Short Sales in Valencia Ca.

With all the changes in the real estate market I have been able to provide quality service to homeowners that are in hardship. Millions of people enter into foreclosure every three months. I'm hear to help you as a Certified Short Sale Expert. I handle the entire process from beginning to the end negotiating with the bank directly. I have a team with many years of experience and have helped many homeowners avoid foreclosure. A short sale is when the proceeds from the sale of your property won't cover the balance owed on the loan. Lenders accept a discounted payoff on the loan and allows it to close escrow.

As an example, say you owe $400,000 on your home and it's only worth $300,000 the bank will take a $100,000 loss and let you walk from that. You must be able to prove an economic hardship example loss of job, death, divorce, and medical bills. There are many advantages to short sale for the homeowner besides just to prevent foreclosure., for instance, avoiding foreclosure on their credit report it takes about 2 years to restore your credit with a short sale where a foreclosure is about 5 years on your credit and the process of a short sale is faster and less costly. A typical short sale takes 90 to 180 days, but every situation and bank is different. Please contact Kristen Gibson (661) 803-9182 for more information on short sales in Valencia and Santa Clarita Valley.

January 27, 2010 - View Current Short Sale Inventory - There are currently just 58 short sale homes for sale in Valencia, CA. 37 single family and 21 attached condos. Ranging from a low $250,000 to a high of $930,000. Short sales sold and closed during January 2010 were 13, 9 condos and 4 single family ranging from a low of $250,000 and a high of 410,000.

January 27, 2010 - Current Inventory - There are currently 18 active short sale properties, 13 single family and 5 attached condos prices ranging from $365,000 to $850,000. These type of discounted homes sold and closed during January2010: 2 properties, 1 condo and 1 single family home.

If you would like an updated list or to search for short sales in the Valencia, Stevenson Ranch, Santa Clarita areas please feel free to contact me.

CONTACT KRISTEN GIBSON (661) 803-9182 TO BUY OR SELL IN VALENCIA, STEVENSON RANCH, SAUGUS AND SANTA CLARITA

New Short Sale Guidelines Encourage Specialists

ratemodify.com modify (www.ratemodify.com) — Thu, 28 Jan 2010 11:02:49 -0800

Click here to view Short Sales in Valencia Ca!

These new rules will help those that are striving and fighting for homeowners everywhere. Short sales are very time consuming and require much more dedication and work from the agent. Many homeowners who where being forced out of there homes from bad loans or lay offs now have a escape route where they may even receive assistance in moving to a new home.

Via Elva Branson-Lee, e-Pro, CDPE (Solid Source Realty GA):

If a real estate agent does not yet know how to manage the intricacies of the short sale, it's time they learned. These tricky transactions are going to be a major part of our industry for a while yet. In the metro Atlanta market, short sales easily comprise 25-30% of all current listings.

As we short sale specialists continue to anticipate the institution of the new Home Affordable Foreclosure Alternatives(HAFA) program's short sale guidelines, I am encouraged on five important points:

(1) No more commission cuts! Participating lenders will no longer be permitted subsidize their own contractors by grabbing a portion of the agents' commissions. The "new rules" prohibit loan servicers from demanding that real estate brokerages reduce the commission stated in the listing agreement as a condition of approving a short sale -- a practice that's been a sore point with many real estate agents.

(2) Troubled borrowers who agree to a short sale or deed-in-lieu of foreclosure will receive up to $1,500 to assist with their relocation expenses. I've actually seen this provision in practice in recent months for sellers who had FHA-backed mortgages. Now, these new guidelines extend the practice to include conventional mortgages.

(3) Loan servicers and investors who sign off on payments to subordinate lien holders will earn incentives up to $1,000 for successfully completing a short sale or deed-in-lieu. I'm not sure that this is much more incentive than the servicers are already getting, but I hope it is going to be on TOP of what they are already getting. That would make it attractive.

What do you think? Has anyone out there in the Rain-Making community had an update or further insight on this point?

Now, these last two points are the BEST of all in my opinion:

(4) No more having to submit an offer and pray for a counter in order to know what the lender will consider an acceptable net. Now, troubled borrowers interested in exploring a short sale will receive preapproved short-sale terms prior to the property listing.

And...

(5) Servicers must agree to fully release them from future liabilityif the sale goes through. To date, all of my lenders have agreed to fully release the lien, but I've heard the stories of those who would not. This provision takes that worry out of the game.

Now, how many of the lenders will play by the new rules? That remains to be seen.

Elva Branson-Lee -- Short Sale Specialist, Certified Distressed Property Expert (CDPE)

Soild Source Realty GA 770-475-1130 ext. 8988

http://BransonLee.com

http://AvoidGeorgiaForeclosure.com

http://BestAtlantaShortSales.com

http://AtlantaGoldRealEstate.com

Serving the South & East Metro Atlanta cities.

I sell real estate, property, houses and homes in:

Ellenwood, East Atlanta, Ormewood Park, Decatur, Stone Mountain, Conley, Rex, McDonough, Hampton, Jonesboro, Morrow, Locust Grove, Lake City, Forest Park and Stockbridge.

Auto Detailing Renton, Kent, Tukwila WA

ratemodify.com modify (www.ratemodify.com) — Sat, 03 Oct 2009 02:00:20 -0700

As to this Auto detailing in Renton, Kent, Tukwila WA blog, I have also used Jasons services for my car on multiple occasions. He once came to my home with very little notice and was able to get my car completely cleaned up for a important loan meeting that afternoon. If you are looking for a mobile auto detailing company in Renton, Kent or Tukwila WA then give Jason a call.

Via DOUGLAS CHING (FARMERS MORTGAGE GROUP):

Mobile Auto Detailing Renton, Kent, Tukwila WA

Your life is stressful enough without having to worrying about the small stuff in life like protecting your Automobile. I have personally used the Daily Auto Detailing company many times and Jason's attention to auto detailing and his true enjoyment of his job makes this experience a unique one. In the busy life that we live, with our jobs and families taking priority our extra time is often our most precious commodity. Everything he details is done by hand and everything he uses is bio-degradable. After using Jason's service now for four years I have decided to take the time to write this testimonial on his behalf.

If you want a unique experience and a Auto Detailer that you will use for life then simply call him and see for yourself.

Please call Owner/ Detailing Specialist Jason Daily to schedule your appt today!!

The Daily Detail is a mobile auto business operating and detailing vehicles in Renton, Kent and Tukwila WA. We will come to your home or office (pending approval & necessary water/electricity access) 7 days a week.

206-551-3603CoachJPD@vzw.blackberry.net

   Car / SUV

The Daily Auto Detailing Cruisin’ Clean:                                                                                 $35 / $50

Don’t have time to swing by the car wash on your way home, but need your ride to look right for that after-hours appointment? The Daily Detailing Cruisin’ Clean is our fastest service; keeping your vehicle looking in top shape! This service includes a full exterior wash & shami dry as well as tire scrub & dressing and a door-jam wipe down.

(30 minutes to 1 hour depending on the vehicle and additional services requested)

The Daily Auto Detailing Premium Clean:                                                         $60 / $80

With a little more time we can perform the wash, dry, tire cleaning/dressing, and door-jam wipe down as noted above; as well as an interior wipe down from front to back, full vacuum and exterior waxing to your auto.

(1 hour to 2.5 hours depending on vehicle and additional services requested)

Car Show N’ Shine Supreme Detailing:                                                      $120/ $170

This level of service includes all of the above mentioned services as well as interior spot stain removal (depending on condition and age of stains) for cloth interiors and detailed cleaning for leather interiors (leather conditioning extra- see below for pricing). You will also receive a full exterior wax and detailed cleaning around trim areas with a small soft bristled brush. All waxing is done completely by hand (vs. orbital) to give you that attention to detail and special touch. All windows will also be washed on the interior and exterior for this service level.

(2 hours to 5 hours depending on automobile and additional services requested)

Individual Services for your Auto:

Wash & Wax Only: $60 / $95

Windows (not included on Cruisin’ & Premium service levels): $5 / $10

Carpet/ Upholstery Shampoo ONLY: $35 / $50

Full Auto Interior Cleaning ONLY (wipe down, door jams, windows, seats & carpet vacuumed): $75 / $90

Leather Conditioning for your auto (not included with any service level):   $25 / $35

Auto Engine Detailing:   $95

*Full size pickups charged as SUV for exterior services/auto for interior detailing*

** All auto services subject to price adjustment depending on the vehicle and its condition**

Providing Auto Detailing Service to all of Renton, Kent and Tukwila WA

Loan Modification Everett, Lynnwood, Mill Creek, Washington

ratemodify.com modify (www.ratemodify.com) — Tue, 18 Aug 2009 21:02:53 -0700

LOAN MODIFICATION EVERETT, LYNNWOOD, MILL CREEK, WASHINGTON

By now, nearly every homeowner in Washington realizes housing values in areas around Everett, Lynnwood, and Mill Creek, Washington have been plummeting, in addition to escalating unemployment, rising interest rates, and mushrooming foreclosures. According to recent reports, half of American mortgages will be "underwater" in 2011, the owners of the homes owing more than the houses are worth.

Lately, the Obama administration has put greater pressure on lenders and their mortgage servicers, who act as bill collectors on behalf of investors who own mortgage bonds. On Aug. 4 the Feds unveiled the first of their monthly "name and shame" exercises, which publishes data on the loan modification efforts of about three dozen companies. Contrary to what many may believe, it costs the lenders more for a foreclosure than to modify the loan, and coincidentally lenders are more willing to modify the loan in order to prevent foreclosure.

Loan Modification permanently changes one or more of the terms of your loan which can lower your payments to make them affordable, correct defaults, and offer a fresh start. By modifying the loan, borrower can meet the terms of the new loan, and continue to do so into the future. Mortgage mediation allows homeowners to stop the foreclosure of their family's home, while lowering the monthly payments and modifying the loan terms.

Loan Modification:

Lowers the homeowner's monthly payments;
Lowers the loan's interest rate;
Swaps a rising adjustable rate for an affordable fixed rate;
Reduces the principle balance of the property;
Corrects payment delinquencies and defaults;
Adjusts the length of the loan terms

Recently, the Obama administration introduced the Home Affordable Modification Program (HAMP) to help Americans modify their loans and by providing incentives to mortgage lenders to complete more loan modifications for their customers. Amidst one of the lowest points our economy since the 1970s, thousands of Americans now face rising unemployment, increasing interest rates, plummeting housing values, and losing their homes out of no fault of their own. With a Free Loan Modification Evaluation, Everett, Lynnwood, and Mill Creek, Washington homeowners can freely discover the answers to any foreclosure questions they may have, and start the process of saving their home.

According to the Department of Treasury, "Anyone with high combined mortgage debt compared to income or who is 'underwater' may be eligible for a loan modification. This initiative will also include borrowers who show other indications of being at risk of default. Eligibility for the program will sunset at the end of three years." As reported by the LA Times, "This program applies to borrowers who are unable to make - or are struggling to make - mortgage payments that exceed 38% of their monthly income."

Those homeowners that choose to modify their loan on there own, face even greater challenges. Lost in a flood of modification requests, borrowers often wait weeks or months by their phone in hopes of an update on their situation. As has been reported in recent news headlines, lenders are not doing all that they can to help homeowners modify their mortgages, and the vast majority of modification requests have been denied. A large majority of borrowers were also encouraged, directly or indirectly, by their lenders to fall behind on their mortgage payments in order to qualify for modifications that never came. More than half of the clients who walk through servicers doors have been turned down when they tried to secure a loan modification on their own.

Under President Obama's "Making Home Affordable" plan, Everett, Lynnwood, and Mill Creek, Washington homeowners can save hundreds a month by getting a home loan modification or mortgage refinance. Any homeowner now facing foreclosure, or about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modification.

Loan Modification Seattle

ratemodify.com modify (www.ratemodify.com) — Fri, 14 Aug 2009 15:48:50 -0700

LOAN MODIFICATION SEATTLE

With falling housing prices, rising interest rates, and many now owing more than their home is worth, homeowners around Seattle, Washington, are now looking too modify their home loans in order to avoid foreclosure and save their homes. With a new foreclosure filed every 13 seconds, and with reports showing half of American mortgages underwater in 2011, loan modification is fast becoming the last hope for millions of distressed homeowners scrambling to afford their failing mortgages.

According to a recent report from the U.S. Treasury Department, 42 percent of modified loans done by the largest servicers have lowered homeowners' mortgage payments. This is a large improvement when compared to the 26 percent of modified loans that received lowered monthly payments during the 4th quarter of 2008. This year, at least 2.4 million foreclosures have been expected to be filed, while one million foreclosures have already been filed in the first quarter of 2009. According to RealtyTrac, one out of every 440 American homes have filed for foreclosure.

Current Housing Market Facts:

* There are approximately 110 million households in the U.S.

* About 75.5 million of these are homeowners.

* Approximately 68% of the 76 million, or 51.6 million, have mortgages.

* 14 million U.S. homeowners, 27% of those with mortgages, were underwater at the end of Q1 (Deutsche Bank estimates)

* Deutsche Bank estimates that nearly half of the 52 million mortgagors will be underwater by the end of next year.

President Obama's $75 billion Making Homes Affordable program is aimed at assisting 3-4 million borrowers avoid the 9 million foreclosures expected over the next four years. With a free loan modification evaluation, homeowners around Seattle, WA, can immediately see the savings possible under Obama's new programs, and explore all the benefits they qualify for, and begin the process of saving their home.

Loan Modification:

* Lowers your monthly payments;

* Lowers your interest rate;

* Swaps a rising adjustable rate for an affordable fixed rate;

* Reduces the property's principle balance;

* Corrects defaults and payment delinquencies;

* Adjusts the length of the loan terms

Under President Obama's "Making Home Affordable" plan, the majority of Seattle, Washington homeowners now qualify for benefits and hundreds in savings with a loan modification. The program demands that a borrower’s mortgage payment cannot exceed 31% of their gross income, and because most loans exceed 31%, nearly all homeowners are technically eligible for HAMP assistance. In addition, borrowers who have been denied a refinancing or home loan modification in the past are now able to have a second chance.

Troubled homeowners can save hundreds a month by getting a mortgage loan modify or mortgage refinance. Any homeowner now facing foreclosure, or about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modification.

Loan Modification Bothell, Woodinville, Kirkland, Washington

ratemodify.com modify (www.ratemodify.com) — Thu, 13 Aug 2009 15:15:04 -0700

LOAN MODIFICATION BOTHELL, WOODINVILLE, KIRKLAND, WASHINGTON

A recent report from the U.S. Treasury Department shows that 42 percent of loan modification done by the largest servicers did lower the homeowner's monthly payments, while 26 percent of modified loans received lower payments in the 4th quarter of 2008. 2.4 million foreclosures are expected to be filed this year alone, with one million foreclosures already filed by the end of May. One out of every 159 households with mortgages received notice of foreclosure in just the first quarter of 2009, according to RealtyTrac, and one in every 440 American homes filed for foreclosure.

Properties in areas like Bothell, Woodinville and Kirkland, Washington have likewise seen falling housing prices, rising interest rates, and now face going "underwater," owing more than their home is worth. With a secure modification of their home loan, thousands of Washington homeowners still have hope to save their homes, and be able to afford to stay in them.

A Successful Loan Modification Can:

Lower the homeowner's monthly payments;
Lower the loan's interest rate;
Swap a rising adjustable rate for an affordable fixed rate;
Reduce the principle balance of the property;
Correct and forgive payment delinquencies and defaults;
Adjust the length of the loan terms

Thankfully, most homeowners around Bothell, Woodinville, and Kirkland, Washington now qualify for benefits and savings with a loan modification under Obama’s "Making Home Affordable" program. With this plan, a borrower’s mortgage payment will never exceed 31% of their gross income. Since most loans exceed 31%, nearly all homeowners are technically eligible for HAMP assistance, including borrowers who have been denied a refinancing or home loan modification in the past.

By simply filling out a free loan modification evaluation, homeowners can immediately see what benefits they qualify for, the savings they may expect to see, and start exploring all the options available to them while beginning the process of saving their home.

For the banks and lenders, a foreclosure is a time-consuming and highly costly process in which they would prefer to avoid. Because of this fact, a successful loan modification is often available but requires skilled negotiations and knowledge in which many homeowners may not possess. This is where a trusted and well-qualified mortgage mitigation professional can make all the difference. While many scrupulous and fraudulent companies have left a bad reputation in recent news, certified and respectable professional servicers are commonly able to get a home loan modified easier and more efficient than a borrower can on their own.

Homeowners seeking a modification from their lender on their own need to provide the most accurate and essential information possible since all information will be used for or against them. Homeowners, therefore, must understand their lender's guidelines and how to use them in their favor, as well as assure all essential paperwork has been provided to the lender. Distressed borrowers also face being lost in the shuffle of an increasing flood of modification requests, often waiting by their phone for months to hear from their lender, and ending up in "cookie-cutter" modifications which result in later default, or even worse situations than when they started the process.

President Obama's "Making Home Affordable" plan will help distressed Bothell, Woodinville, and Kirkland, Washington homeowners save hundreds a month with a home loan modification or mortgage refinance. Any homeowner now facing foreclosure, or about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modification.

HOME LOAN MODIFICATION WASHINGTON

ratemodify.com modify (www.ratemodify.com) — Wed, 12 Aug 2009 14:01:31 -0700

HOME LOAN MODIFICATION WASHINGTON

According to a new Deutsche Bank report, the percentage of American homeowners owing more than their homes are worth will nearly double to 48 percent of those with mortgages in 2011, an estimated 25 million homeowners. Thousands of Washington homeowners are now in a position where the amount they owe on the mortgage exceeds their home's value, and all while house prices continue to fall. Predicting half of all U.S. mortgages being underwater in 2011, homeowners across the country are in great need of loan modification.

It is estimated by Deutsche Bank that 14 million American homeowners had negative equity, owing more than their house is worth, at the end of the first quarter of 2009. While housing prices continue to fall, about 27 percent of U.S. homeowners are now "underwater" on their mortgage. At the current rate, nearly half of all American home mortgages will be underwater in 2011. [Marketwatch, 8/06/2009]

41% of prime conforming borrowers will be underwater by the first quarter of 2011
46% of prime jumbo borrowers will be underwater by the first quarter of 2011, jumping from 16 percent at the end of the first quarter of 2009
41 percent of prime conforming loans will be larger than their properties' value by the first quarter of 2011.
46 percent of prime jumbo loans will likewise be "underwater," a jump from 29 percent. [Reuters, 8/05/09]

After three years of price drops, this does not look comforting for stabilization in the U.S. housing market. Deutsche Bank reported that decline in home prices will have its greatest impact on prime borrowers and "conforming" loans meeting the guidelines of Fannie Mae and Freddie Mac. Prime conforming loans are commonly less risky due to stringent requirements, and make up two-thirds of mortgages.

Such a jump in these markets is significant as they make up the largest share of the total mortgage market, with Prime jumbo loans making up 13 percent of the total market. While prices continue to fall, more and more Washington homeowners will go underwater on their mortgage, making it more difficult to refinance, and leaving a Home Loan Modification the best solution.

With housing prices dropping, interest rates rising, and more and more homes underwater, refinancing is no longer a viable option, and without modifying these loans with a modification, half of America is likely going to lose their homes. Mortgage mitigation allows for a borrower to permanently change the terms of their mortgage, allowing for affordable monthly payments. Modifying a home loan can lower the interest rate, extend the term of the loan, or add any of the borrower's missed payments to the balance of the loan. With a free loan modification evaluation, homeowners can immediately see the savings available to them under various government programs, and begin determining which plans and savings they best qualify for.

Washington homeowners can save hundreds a month by getting a mortgage loan modify or mortgage refinance with President Obama's "Making Home Affordable" plan. All homeowners now facing foreclosure on their home, or those who are about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modification.

LOAN MODIFICATION, WASHINGTON

ratemodify.com modify (www.ratemodify.com) — Tue, 11 Aug 2009 19:01:44 -0700

LOAN MODIFICATION, WASHINGTON

As the Federal Trade Commission has been cracking down, lenders are now under pressure to assure a loan modification for more homeowners unable to afford their mortgage loan payments, or those now "underwater." Will it help? Banks and lenders have shown over these last months that they are in no hurry to assure distressed homeowners a modification. It has been estimated that nearly 5 million Americans will lose their homes over the course of the next three years, even with the government modification effort.

So far the Obama Administration has rolled out its $75 billion plan in hopes of spurring lenders to help modify the mortgages of millions of distressed homeowners. Upon unveiling the Home Affordable Modification Program (HAMP), the Obama administration said its original $50 billion plan would help 4 million borrowers, about 1 in 15 Americans with a mortgage, through its modification incentives. However, according to Treasury findings, only about 230,000 trial modifications are in process so far, representing only 9% of the 2.7 million mortgages that are at least 60 days past due and considered eligible. [Boston Globe, 8/05/2009]

On Tuesday August 5, the Treasury Department released the first monthly report on the performance of loan servicers in the Obama administration's home mortgage modification program. As reported, only 15 percent of eligible homeowners have been offered assistance under the Home Affordable Modification Program, and some loan servicers have yet to modify a single loan. The Treasury said that loan modification servicers' performances had been "uneven," and requested they ramp up efforts to reach 500,000 trial modifications by November. The Administration now hopes that threat of bankruptcy will motivate mortgage servicers to pursue more modifications. [Forbes, 8/04/09]

Under the Administration's program, if a borrower is in "imminent default," the lender and government will rework the mortgage by lowering interest rates, extending the term of payments, or lowering the principal to reduce the monthly payment to less than a third of the borrower's current gross income. If eligible, the borrower's payments would be lowered to 31 percent of their present gross income, allowing them to save their home and afford to stay in it. [Forbes, 8/6/2009]

Bank of America had the highest number of eligible borrowers due to its acquisition of subprime giant Countrywide, however only offered trial modifications to 176,000 borrowers, just 13% of those who qualified, and only 4% took the bank up on it.

While lenders like Bank of America and Wells Fargo have received billions in federal bailout money, and give the impression that they are willing to work with borrowers, it has become increasingly common over the past two years for lenders to deny the majority of modifications. Many lenders told borrowers to wait for details on a planned new government modification program, offering them hope that more help was soon to come, however none came.

A common problem faced by borrowers is that lenders such as Countrywide and Bank of America deny modifications for homeowners who are not behind in payments yet have experienced a drop in income. These lenders seem far less focused on working with borrowers and more willing to let these homes go to foreclosure.

So-called "non-profit" loan modification servicers are being paid incentives from the government programs in an attempt to increase the ability for mortgage mitigation. Under HAMP, servicers now receive $1,000 from the government for every borrower who is able to make their payments for three months straight, and up to $4,500 for three years of regular payments. Under the plan, borrowers must complete a three-month trial period making their newly lowered payments, coincidentally weeding out borrowers who will end up in re-default, unable to afford the lowered payments as well. [ABC News, 8/4/09]

Trying to get a home loan modification done yourself is often much more difficult, and frequently results in inappropriate modifications, unaffordable payments that can then result in future re-default and foreclosure, or even a worse situation than when they began the process. Borrowers seeking modifications from their lenders have repeatedly been asked to fax mortgage information and hardship letters only to wait for a call that never comes. While working and struggling to stay afloat, distressed homeowners are unable to call and keep up with the banks and lenders in order to get any help. Many homeowners call their lender numerous times trying to work out their situation, sometimes dozens of times over months of waiting, only to be told to call a different department or wait longer because the office doesn't have their paperwork yet.

By using a certified and reputable modification company, homeowners commonly have a much greater chance of acquiring a legitimate and successful mortgage mitigation. Modification companies are able to represent the borrower in a way they are unable to do themselves, and most homeowners find themselves getting lost in the shuffle of millions of modification requests. As a result, distressed homeowners are left without any communication on their case, placed in "cookie-cutter" plans that do not offer them the best options, or are simply denied automatically due to strict requirements, and often end up in a worse situation than they were before they began the process. With a free loan modification evaluation, homeowners can immediately see what savings and benefits they qualify for under new government programs, and begin the process of saving their home.

The Obama administration's "Making Home Affordable" plan now qualifies thousands of Washington homeowners for hundreds a month in savings with a home loan modification or mortgage refinance. Any homeowner now facing foreclosure, or about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modification.

WASHINGTON LOAN MODIFICATION

ratemodify.com modify (www.ratemodify.com) — Tue, 11 Aug 2009 18:14:49 -0700

WASHINGTON LOAN MODIFICATION

With a loan modification, a Washington homeowner can permanently change one or more of the terms on the mortgage, making the monthly payments more affordable. Modifications of the loan can include lowering the interest rate, extending the term of the loan, or by adding missed payments to the loan balance. With a successful modify, homeowners are able to save their homes, while obtaining an affordable monthly payment that allows them to stay in the home.

Loan modification is a complex process involving persistent communication to the lender and skilled negotiation. Great attention must be paid to detail throughout the process, particularly when completing lenders' paperwork and meeting their deadlines. Before a home loan can be modified, a great deal of paperwork is required including tax returns and proof of hardship. For these reasons and others, it is essential for borrowers to know their options and work with a skilled professional in order to accomplish a secure and successful modify.

Distressed homeowners looking to modify their home loan may follow a number of helpful tips in order to assist them in modifying their home loan successfully. Borrowers should keep track of all the notes and communications they have with their lender, including details like dates and contact times, as well as who you were contacted by and your representatives. They should always follow up on any requests made in writing, making copies before sending their letter by certified mail with a "return receipt requested." Even the schedule a borrower follows through the loan modification process can result in better, or worse, results. Coincidentally, borrowers must meet all the deadlines set by the lender, while completing any requests ahead of time or as soon as possible. Because modifications are generally for owner occupied property, it is advised that borrowers do not move out or rent out their home during the process.

Countless Washington homeowners who have attempted a home loan modification on their own have commonly found it a grueling hassle, and usually are simply denied the modification in the end. Lenders are unwilling to provide modifications in general, and deal with thousands of such requests a day. As a result, it is often more difficult for borrowers to acquire a successful modification on their own. Those who try are usually denied right off, or get lost in the shuffle and left without communication on their case, often spending months waiting for phone calls from their lenders trying to work out their situation. When they are able to contact their lender, they then risk being told they need to contact another department or wait longer for more paperwork to arrive or be completed. The borrowers who are able to complete a modification on their own commonly end up in "cookie-cutter" modifications that do not take advantage of all the lender's options and best interest.

With a free loan modification evaluation, troubled borrowers can immedialy find out what savings and options are available to them under new government programs. With a well-established and certified modification company, homeowners have the best chance of getting a home loan modified securely and successfully. Able to represent the borrower in ways they are unable to do themselves with the banks, mortgage loan specialists are able to negotiate with lenders and assure an appropriate and affordable modification gets completed whenever possible.

All Washington homeowner now facing foreclosure, or those about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modification. Under President Obama's "Making Home Affordable" plan, homeowners can save hundreds a month by getting a home loan modification or mortgage refinance.

Pizza Edmonds Washington

ratemodify.com modify (www.ratemodify.com) — Fri, 24 Jul 2009 21:55:34 -0700

Pizza Edmonds Washington, There is pizza and then there is Gourmet hand made pizza that only Mom used to make. Marie's Pizza located in Edmonds WA (425) 640-8463 is quite literally the best pizza available in this state. Starting with HOMEMADE bread, HOMEMADE sauce and HOMEMADE sausage this is just the start of what makes this mom and pop Pizzeria a unique and amazing establishment. With FREE delivery in Edmonds and Lynnwood this family run home cooked Pizza is not something to be passed up.

Wait theirs Gourmet Pizza in Edmonds Washington? I am a food connoisseur and am a harsh critique of all restaurants I visit. After visiting Marie's Pizza on a whim (I love the mom and pop shops) as I sat down to partake in the food before me the first thing I noticed was that they thoroughly made sure that every square inch was covered in toppings. Then came the bite, thats when I first learned that I now had a favorite pizza joint, high quality pepperoni, fresh vegetables, spicy homemade sausage? Fresh graded cheese as I watched? Who in the world makes their own toppings? Marie's pizza thats who! I so thoroughly enjoyed their food and respectful service that I asked them for permission to write about it. They laughed and said that if anybody out their actually read my article they would be happy to provide them a 10% discount on all orders that mention this article.

So if you live in Edmonds or Lynnwood and love Pizza as much as I do then I pray please please simply try Marie's Pizza and you will never order from those "other" pizza chains again. It also never hurts to help the family run business's as they are all but disappearing to the larger corporate giants.

Marie's Pizza phone number:(425) 640-8463 (they have all the normal types of pizza just better...call them and order what you want on it)

THEIR MENU IS HERE

Mortgage Modification Help Washington

ratemodify.com modify (www.ratemodify.com) — Wed, 08 Jul 2009 14:48:08 -0700

MORTGAGE MODIFICATION HELP WASHINGTON

Most Washington homeowners are currently surfing through their options during the mounting mortgage crisis and current economic troubles. Amidst the fears and uncertainties, homeowners are most frequently going to come across the possibility of a home loan modification. A mortgage modification program allows a borrower’s home loan to be adjusted to new binding terms, and commonly include:

Lowered interest rates;
Reduced principle balance;
Swapping adjustable rates to lower fixed-rates;
Altering the term of the loan;
Forgiveness of payment defaults and fees;
Or a combination of these.

The government has allocated $75 billion to subsidize some payment reduction, in addition to providing thousands of dollars in incentives for servicers and borrowers to participate. These incentives aim at helping stimulate the foreclosure-prevention business, ultimately saving the homes of millions of Americans and providing some stability for the current crisis.

Three of the nation’s largest banks are included in the participants of President Obama’s mortgage rescue plan. JP Morgan Chase, Wells Fargo and Citigroup (CitiMortgage) began processing modifications under the government initiative in April.

“We view this modification program as yet another incremental opportunity for thousands of homeowners to preserve and maintain the dream of homeownership,” Wells Fargo noted in a statement. [CNN, 4/16/09]

Loan Modification is the fastest growing industry in America right now, and this is because it may just be the best alternative to foreclosure. More importantly, mortgage modification has now been mandated by the Government. Servicers are now called to reduce interest rates so that the homeowner’s monthly obligation is no more than 31% of their gross income. Because most borrowers are paying more than this, the majority of homeowners now qualify for hundreds in monthly savings.

Those seeking to do a modification on their own will unfortunately fail about 8 out of 10 times, as the intense process and negotiation skills commonly require competent legal representation. Homeowners looking to modify their mortgage should be certain to find a company that works with a professional legal team or law firm on their case. In these times of scrupulous business practices and loan scams abound it is more important now than ever to assure you have professional legal advice on your side.

By simply filling out a free loan modification evaluation, homeowners can immediately see the savings now available to them under various new government programs, and start the process of determining which government plans and savings you best qualify for.

Under President Obama's "Making Home Affordable" plan, Washington homeowners can save hundreds a month by getting a home loan modification or mortgage refinance. All distressed homeowners now facing foreclosure, and those who are about to be, should immediately start exploring all the options available to them, including the new government programs designed to help you get a successful loan modification.

Loan Modification Services, Washington

ratemodify.com modify (www.ratemodify.com) — Wed, 08 Jul 2009 13:18:57 -0700

LOAN MODIFICATION SERVICES, WASHINGTON

Loan modification services are springing up around America with the rising boom in foreclosures and the growing necessity for mortgage mitigation. According to a recent report from the Center for American Progress, mortgage mediation services are helping Washington homeowners avoid foreclosure by forcing banks to sit down with borrowers in order to discuss all available options in order to find the most affordable solution for both parties. During mortgage mediation banks and homeowners try to reach an agreement with non-binding results, and with nothing being forced on either party. Loan modification also cuts out the middle man, helping homeowners avoid operators who answer customer service lines at banks and mortgage companies.

The government is now addressing foreclosures through the Department of Housing and Urban Development. According to Michael Daly of HUD, "loan modification... reduces the payment via interest rate. We want to get the payment back to a typical ratio of 31 to 38 percent of the gross pay. There are currently 55,000 trial loan modifications and we hope they all go on to be viable."

Most Washington homeowners now qualify for hundreds of dollars in monthly savings with a loan modification under the Obama administration's "Making Home Affordable" plan. Thanks to the HAMP program, a homeowner's mortgage payment cannot exceed 31% of their gross income, and because most home loans exceed 31%, the majority of borrowers are eligible for assistance.

Housing and Urban Development (HUD) has confirmed that lenders have extended modification offers to 40,000 borrowers struggling to pay their mortgage in the second week of June. Back in March, the Obama administration launched their "Making Home Affordable" plan, which assures the government will pay servicers a financial incentive per every modified loan, granted the offer is successful and depending on when they make it. [Time, 6/22/2009]

Recently President Obama unveiled his plan for overhauling financial regulation by creating a Consumer Financial Protection Agency to monitor consumer financial products and revamp the entire home-loan process. Loan modification services are seeing a boom in business due to the stimulus plan approved recently by President Obama that includes help for distressed home owners. Under the new plan, owners that are behind on payments will no longer be limited to the standard 20% equity once needed to get approved. Thanks to the government now backing many of these loans, as well as protecting banks from being sued by bond holders, lenders are now able to approve more modifications. [Associated Press, 6/23/2009]

Contrary to what many may believe, a foreclosure is neither desirable nor profitable for banks, which commonly end up losing thousands of dollars on an executed mortgage. Coincidentally, modifying a loan is the best option for the borrower and lender to work together to find a solution. Loan modification allows the homeowner to keep their home and the bank to recover their loan amount in full. Unfortunately for millions of homeowners across America, due to the rising demand in modification requests, banks are now overwhelmed and unable to accommodate a vast number of homeowners. For this reason, licensed and professional loan modification servicers, often backed by skilled legal teams, are now able to assist homeowners achieve the necessary modification they need to save their home and stay there affordably.

Foreclosure Help Washington

ratemodify.com modify (www.ratemodify.com) — Tue, 07 Jul 2009 15:34:30 -0700

FORECLOSURE HELP WASHINGTON

A rising number of Washington homeowners are hoping to find foreclosure help from recent government plans and regulations designed to help borrowers aqcuire a loan modification and assist the struggling housing market. In the meantime, the trend of the plummeting housing crisis has continued. Foreclosures continue to rise even after hundreds of billions of dollars have been provided by the Obama administration to mortgage lenders and banks fearing to go out of business due to the expanding mortgage crisis.

By creating hundreds of billions of dollars out of nothing, the currency and prices will begin to rise at an exponential rate. Bailing out banks will continue to debase the currency, which will result in more dollars being required in order to support your family and self. Our currency's value will continue to be debased, while banks scramble to stay afloat for as long as possible.

Prices of food and energy have continued to rise while the value of the dollar drops, resulting in homeowners spending more money on groceries and gas to get to work. As a result, homeowners have experienced growing financial troubles and many eventually face the loss of their home with foreclosure. Millions of homeowners are growing dangerously closer to being one small hardship away from foreclosure. Borrowers who owe much more money than their home is now worth may choose to walk away from their home, rather than paying off the mortgage.

The growing trend of foreclosures continues to threaten the real estate market with a long-term financial collapse. Banks, knowing they will be bailed out by the Federal Reserve, have far less incentive to work with homeowners in a loan modification. It is much more difficult for lenders to work with homeowners, and spend money on programs, than it is to simply collect money from the bail out programs. [Ref. Mexico's financial crisis in 1990, and Asia's in 1997]

Under President Obama's "Making Home Affordable" plan most Washington homeowners now qualify for hundreds of dollars in monthly savings with a loan modification. The HAMP program demands that a homeowner's mortgage payment cannot exceed 31% of their gross income, and since most home loans exceed 31%, the majority of borrowers are eligible for assistance.

All Washington homeowners now facing foreclosure, or about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modification. Under new government programs, homeowners can save hundreds a month by getting a home loan modification or mortgage refinance.

Avoid Foreclosure Washington

ratemodify.com modify (www.ratemodify.com) — Tue, 07 Jul 2009 15:20:51 -0700

AVOID FORECLOSURE WASHINGTON

As the mortgage crisis spreads, hitting new heights every month, borrowers with good credit now make up the largest share of foreclosures. With job losses and pay cuts simultaneously on the rise, a record 12 percent of homeowners were behind on their payments in the first quarter of 2009; a trend in which is predicted to continue well into the coming years. In the exploding housing crisis, millions of borrowers across Washington are now struggling to get a loan modification in hopes to avoid foreclosure.

Much of the blame for the current recession can be placed upon risky adjustable-rate loans made to borrowers with bad credit to begin with. Nearly half of all sub-prime ARMs today are past due or in foreclosure, with no end in sight for homeowners misled into inappropriate or unscrupulous loans. [Seattle Times, 5/28/2009]

Experts believe this trend will continue to spread throughout the country as unemployment mounts and borrowers with good credit face skyrocketing foreclosures. The number of borrowers now receiving unemployment benefits reached the highest on record this last May at 6.78 million, and this number continues to rise. Economists are saying this number could reach double digits, and will coincidentally add to the ailing economy and housing market.

In over half of the largest U.S. cities, home prices are due to fall through the first quarter of 2011 while unemployment and foreclosures rise. According to recent reports, 30 out of the 50 biggest metropolitan areas will have a 75% likelihood of house values falling through March 31, 2011, while Washington has shown a 92 percent chance of lower housing prices. Affordability is no longer the driving issue in the housing market, as home values continue to fall, all while a growing number of homeowners struggle to avoid foreclosure. While unemployment and foreclosures rise steadily, the value of houses continue to fall across America, leaving millions of homeowners at greater risk of losing their homes. [Forbes, 5/28/2009]

With unrelenting unemployment rise, borrowers with good credit now unable to make their payments due to job loss, and other hardships, continue to escalate the number of foreclosures around the country. Thankfully, more and more borrowers with good credit and looking to avoid foreclosure now qualify for a number of programs and options allowing them to save their home. Included in recent changes to the president's program, borrowers are now allowed to use unemployment benefits as a source of income for a Loan Modification.

The majority of Washington homeowners now qualify for hundreds of dollars in monthly savings with a loan modification thanks to President Obama's "Making Home Affordable" plan. Thanks to the HAMP program, a homeowner’s mortgage payment cannot exceed 31% of their gross income, and because most home loans exceed 31%, the majority of borrowers are eligible for assistance.

Foreclosures and Falling House Prices, Washington

ratemodify.com modify (www.ratemodify.com) — Thu, 02 Jul 2009 20:24:49 -0700

FORECLOSURES AND FALLING HOUSE PRICES, WASHINGTON

Foreclosures are continuing to rise across Washington with no end in sight, and according to Barclays Capital, U.S. foreclosures will peak in the second half of 2010 with home prices continuing to decline through the end of that year. According to S&P/Case-Shiller, U.S. home prices have dropped 33 percent since July 2006. Amidst a growing number of discounted foreclosures, homeowners attempting to sell their homes are finding themselves trapped in a losing situation. If the current trend continues, 2009 will become the lowest year for new-home sales since the Census Bureau began taking records in 1963.

According to Michelle Meyer, an economist at Barclays Capital in New York, "Home prices are likely to continue to fall, albeit at a slowing pace, even after the economy technically emerges from the recession." Based on the S&P/Case-Shiller home price index of 20 U.S. cities, the prices of homes may drop another 7 percent, leaving thousands of Washington homeowners "underwater," owing more than their homes are worth on the market. Nearly 22 percent of all mortgage holders in America were underwater in March 2009, while around 15 million homeowners currently owe more than the value of their homes. [Bloomberg, 7/02/2009]

As a result of the mounting threat of foreclosure faced by homeowners, the government has announced an adjustment to the Making Home Affordable program. Unfortunately for the majority of homeowners looking to refinance their mortgages, the plummeting value of homes has made new government programs unavailable to them. Refinancing activity is already in decline due to the rising interest rates. At the current moment, homeowners owing 5% more than the value of their homes can refinance mortgages through Fannie Mae and Freddie Mac. According to USA Today, Housing Secretary Shaun Donovan said on July 1 that the program is being expanded to allow homeowners who owe 25% more than their homes are worth on the market get refinancing help through the federal agencies. [USA Today, 7/02/2009]

As interest rates are presumed to skyrocket, refinancing no longer makes financial sense for a growing number of homeowners looking to find a lower fixed-rate mortgage. According to Freddie Mac, the average rate on a 30-year fixed loan has increased from 4.82% on May 21 to 5.42% as of June 25. Unable to secure a lower interest rate, and while their home value falls, homeowners are left with only one option: loan modification.

Without new fixed rates lower than 5%, at the current rate refinancing does not make sense without modifying the loan itself. As the interest rates continue to rise, refinancing activity is quickly diminishing with the realization that loan modification is the only cure.

Most of Washington's troubled homeowners now qualify for hundreds of dollars in monthly savings with a loan modification under the Obama administration’s “Making Home Affordable” plan. Thanks to the HAMP program, a homeowner’s mortgage payment cannot exceed 31% of their gross income, and because most home loans exceed 31%, the majority of borrowers are eligible for assistance.

Every homeowner now facing foreclosure, or about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modify.

Loan Modification Help, Washington

ratemodify.com modify (www.ratemodify.com) — Thu, 02 Jul 2009 19:47:33 -0700

LOAN MODIFICATION HELP, WASHINGTON

Loan modification is now the greatest hope for distressed Washington homeowners, as refinancing seem no longer beneficial. With an increasing amount of borrowers now "underwater," owing more than their home is worth in the competitive market of foreclosed homes, refinancing and other options once available to customers are no longer a financial benefit for most.

With foreclosures through the roof, housing prices crashing, and interest rates rising, any homeowner that is currently late on their monthly house payments, or about to be late, now must decide between saving and losing their home. Those faced with foreclosure and the loss of their home are left with fewer and fewer options, making the awareness of their legal rights more essential than ever before. Not to mention, with all of the mortgage loan companies out there, a growing number of distressed homeowners seeking reliable help often become victim to fraudulant and predatory outfits.

Neighborhoods across Washington will never be the same due to the expanding wave of foreclosures. Millions of homeowners facing the loss of their home are now unable to afford their payments due to rising interest rates, home value deflation, loss of income, and other hardships, and are now trying to get a home loan modification. Homeowners who had kept up with their loan payments for years are now suddenly unable to afford their mortgage payments, while newly-created suburbs built up around America before the recent collapse of the housing market have provided an additional surplus of foreclosures.

Recently, the Obama administration announced an adjustment to their Making Home Affordable program. Since its start, the new government programs have been unavailable for the majority of homeowners trying to refinance due to the failing housing market and plummeting value of homes. As time is running out for more and more homeowners, it has become crucial for many to contact a mortgage servicer as soon as possible in order to determine whether they can modify their home loan.

Due to foreclosures and a falling housing market, higher interest rates are assured to follow course, making refinancing a fixed-mortgage far more difficult and much less beneficial. As a result of the rising interest rates demanded by banks looking to make up losses from defaulted loans, and with the number of foreclosures symbiotically escalating, refinancing has declined. As options are becoming scarcer and less beneficial, loan modification may very well be the help distressed homeowners are looking for.

With a loan modification, Washington homeowners are able to refinance the debt and/or extend the term of your original mortgage loan, making the monthly payments affordable and build any missed payments into a new 30 year loan. With help from new government regulations, modifying your mortgage loan is easier and more beneficial than ever before. Loan modification makes it affordable for you to make your monthly payments, and also allows you to catch up on your missed payments.

Though not every single loan is fixable and some homeowners are still being denied, under new modified regulations, lenders must now accept applications from every homeowner seeking loan modification help. Even those borrowers who have been denied a loan modification in the past will now be able to reapply for a loan modification. About 37,000 loans were modified by Fannie Mae and Freddie Mac in the first quarter of 2009 alone, 57 percent higher than the fourth quarter of the previous year. Assuring an affordable payment for most homeowners, the new regulations do demand that all modified loans must not exceed 31 percent of the borrower's monthly gross income.

Washington homeowners can save hundreds a month by getting a home loan modification or mortgage refinance under President Obama's "Making Home Affordable" plan. Every homeowner now facing foreclosure, or about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modify.

Loan Modification Eligibility

ratemodify.com modify (www.ratemodify.com) — Thu, 25 Jun 2009 01:58:54 -0700

LOAN MODIFICATION ELIGIBILITY

For those in dire straits in the troubled economic times the threat of losing one's home is growing by the day, and for many others it is already too late. Whether trapped in high interest rate mortgages, with an adjustable rate about to skyrocket, or accumulating defaults and possibly doomed to foreclosure, the only thing to save the home of most Washington borrowers is a Loan Modification.

Being aware of your loan modification eligibility is crucial due to the Obama administration's anti-foreclosure program and "Making Home Affordable" plan. Millions of borrowers who are current but having difficulty making their payments, and borrowers who have already missed one or more payments, may be eligible. Homeowners that can no longer afford to make their monthly loan payments may now qualify for a loan modification in order to make their monthly mortgage payment affordable.

If the following guidelines reflect your situation, then you may qualify for savings:

1. Your home is your primary residence.
2. The amount you owe on your first mortgage is equal to or less than $729,750.
3. You are having trouble paying your mortgage, perhaps due to an increase in your mortgage payment or a reduction in your income or a hardship (like medical bills) that has increased your expenses.
4. You received your current mortgage before January 1, 2009.
5. Your payment on your first mortgage (including principal, interest, taxes, insurance and homeowner's association dues, if applicable) is more than 31% of your current gross income.

While not every loan is fixable and a number of homeowners are getting denied, within the new Obama guidelines lenders must now accept applications from all inquiring homeowners, including any homeowner who was previously denied a loan modification. According to the Federal Housing Finance Agency's (FHFA) most recent Foreclosure Prevention Report, Fannie Mae and Freddie Mac modified about 37,000 loans during the first quarter of 2009, a 57% increase over the fourth quarter of 2008.

Under these new regulations, all modified mortgages now must have payments reduced to no more than 31% of the homeowner's gross income. Debt-to-income ratio, or DTI, is now being scrutinized by lenders as an essential qualification in order to determine loan modification eligibility for homeowners and other debt relief. A homeowner's DTI ratio now determines what their house payment will be, assuring them an affordable house payment.

In a shared effort to reduce monthly payments, President Obama's foreclosure prevention plan demands the PITIA (principle, interest, taxes, insurance, and association fees) on a loan modification cannot exceed 31 percent of the household's monthly gross income, based on front-end DTI ratio (house payment only. Since most borrower's loans exceed 31%, the majority of Washington homeowners are now eligible for assistance under new government programs.

According to President Barack Obama, "Under this plan, lenders who participate will be required to reduce those payments to no more than 31 percent of a borrower's income. And this will enable as many as 3 to 4 million homeowners to modify the terms of their mortgages to avoid foreclosure." [White House, 2/18/2009]

By calculating their DTI ratio, homeowner's now have a way of finding out if they qualify for a more affordable monthly house payment. In addition to this assistance, the federal government now guarantees to cover part of the losses if the homeowners re-default. As a result, homeowners in default or in danger of default are now encouraged to explore their options with a well-established and qualified servicer.

As suggested by Sheila C. Bair, chairwoman of the Federal Deposit Insurance Corp., "the government set out a standardized loan modification package for loan servicers to follow, enabling them to do workouts faster. In return for their picking up the pace, the government would guarantee some or all of the newly modified loans." [WA Post, 10/26/2008]

President Obama's "Making Home Affordable" plan has now qualified the majority of Washington homeowners for hundreds in monthly savings with a home loan modification or mortgage refinance. Homeowner now facing foreclosure, or about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modify.

Obama Plan Helps Washington

ratemodify.com modify (www.ratemodify.com) — Wed, 24 Jun 2009 23:06:03 -0700

OBAMA PLAN HELPS WASHINGTON

The recent anti-foreclosure bill passed by Congress, aimed at helping millions of struggling borrowers keep their homes, allows for qualified homeowners to swap out a high-interest rate for a 30-year fixed loan backed by the Federal Housing Administration. Under the new Obama plan for homeowners, banks are encouraged to spare borrowers from foreclosure and cracks down on predatory lenders who take advantage of them. President Barack Obama assured that homeowners, having mortgage loan modifications more accessable, facing foreclosure would have a second chance. [MSNBC, 5/19/2009]

Speaking in the White House's East Room, President Obama stated, "too many administrative and technical hurdles made it very difficult to navigate, and most borrowers didn't even bother to try... This bill removes those hurdles, getting folks into sustainable and affordable mortgages and, more importantly, keeping them in their homes." [White House, 5/20/2009]

Obama's plan allows for mortgage loan servicers to provide borrowers' their most advantageous option, whether a home loan modification, forgive defaults, refinance to swap a high-interest rate for an affordable and fixed loan backed by the Federal Housing Administration, or other options. Thousands of Washington homeowners are now able to securely prevent foreclosure and save their homes.

Under the HAMP program, a homeowner’s mortgage payment cannot exceed 31% of their gross income, and since most home loans exceed 31%, the majority of borrowers are eligible for assistance. With the help of these new regulations Washington homeowners have a greater chance to avoid foreclosure than was ever possible before.

By filling out a free loan modification evaluation online, Washington homeowners may immediately discover the savings and payments available under the various programs now helping homeowners save their home.

Homeowners now facing foreclosure, and those who are about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modification.

Unemployment Drives Foreclosures in Washington

ratemodify.com modify (www.ratemodify.com) — Tue, 23 Jun 2009 00:52:34 -0700

UNEMPLOYMENT DRIVES FORECLOSURES IN WASHINGTON

Has job loss forced you into an unavoidable foreclosure? If so, you are among an exploding number of unemployed Washingtonians now unable to make payments on high-interest-rate loans, many now jumping from adjustable to high-fixed rates. A growing number of Washington homeowners with once solid credit now find themselves falling behind on their mortgages as unemployment fuels Washington foreclosures. Though the number of foreclosures continues to climb, help for unemployed homeowners is still available with Obama's loan modification program.

Previously caused by bad loans and poor payment management, foreclosures are now driven by unemployment or the loss of income. With foreclosures and job losses skyrocketing, there seems to be no recovery in sight for the housing crisis. Even as house prices continue to fall, making homes far more affordable, getting a mortgage is becoming more and more difficult with lenders requiring much larger down payments and higher incomes to qualify.

Once considered reliable borrowers, many homeowners who have recently lost their job are now the driving force behind the escalating foreclosure crisis, likely to extend into next year. Spurred by unemployment and loss of income, a record number of homeowners fell into delinquency or foreclosure during the first quarter of 2009. Now, a wave of loan modification requests is overwhelming lenders and nonprofit organizations trying to handle the growing wave of disheartened borrowers. [WA Post, 5/29/2009]

Thanks to new government regulations, incentives and the Obama administration's anti-foreclosure plan, unemployed borrowers have a number of options in their arsenal. The Obama administration adjusted its housing rescue plan in order to increase incentives for mortgage lenders to cut payments for homeowners in the hardest hit markets. Qualified borrowers can now take advantage of new government assistance, including the $50 billion allocated by the U.S. Treasury Dept. to assist American borrowers in acquiring an affordable loan. The U.S. Treasury will use as much as $10 billion out of the $50 billion pledged to reduce mortgage foreclosures in order to address lender concerns that home prices will continue to fall. [Reuters, 5/14/09]

Under the HAMP program, a homeowner's mortgage payment cannot exceed 31% of their gross income, and since most home loans exceed 31%, the majority of borrowers are eligible for assistance. With the help of these new regulations Washington homeowners have a greater chance to avoid foreclosure than was ever possible before.

Washington homeowners can now qualify for the Obama Plan to immediately discover the savings and payments available under the various programs now helping homeowners save their home. Troubled borrowers now facing foreclosure, or about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you secure a home loan modification.

Obama Plan Avoids Foreclosures in Washington

ratemodify.com modify (www.ratemodify.com) — Mon, 22 Jun 2009 22:03:43 -0700

OBAMA PLAN AVOIDS FORECLOSURES IN WASHINGTON

With a loan modification under the Obama Plan regulations, Washington homeowners have a greater chance to avoid foreclosure than was ever possible. As most have seen in the news, a great number of changes have occurred in recent months which have impacted American homeowners. The "Homeowner Affordability and Stability Plan" is part of President Obama's strategy to help the American economy and housing markets get back on track.

The Obama plan will save up to 9 million families from foreclosure with a loan modification or by refinancing their mortgages in order to avoid foreclosure, indirectly helping all Washington homeowners. Responsible homeowners on the verge of defaulting are now able to find help in the escalating housing crisis. As defaults and foreclosures contribute to falling home values, falling local businesses, and lost jobs, this plan may help prevent neighborhoods and communities from falling over the edge. [White House, 2/18/2009; U.S. Treasury, 2/18/2009]

Obama stated back in January, 2009:

"My commitment is that we are going to fundamentally change some of the practices in using this next phase of the program. We're going to focus on housing foreclosures, we're going to focus on small businesses, we're going to focus on what's required to make sure that credit is flowing to consumers and businesses." [Reuters, 1/12/09]

In March President Barack Obama passed new legislation to help American homeowners, including a now-expanded $75 Billion program to help borrowers avoid foreclosure, preventing up to 9 million U.S. homeowners from losing their homes, as well as stabilize the falling housing market at the root of the current widening recession. Several large lenders, including Bank of America and Wells Fargo, praised the program which may provide homeowners with interest rates temporarily cut to as low as 2 percent. Initially, the Obama administration focused upon owner-occupied properties like Fannie Mae and Freddie Mac, however, loans for second homes and investment properties may also be refinanced. [WA Post, 5/5/2009]

Some of this Federal government bail out money is for you!!

Obama's housing plan helping borrowers avoid foreclosure was aimed to help struggling homeowners like you. Now, under the HAMP program, a homeowner's mortgage payment cannot exceed 31% of their gross income. Since most borrowers' home loans exceed 31%, the majority of homeowners are eligible for assistance. ALL Washington homeowners should immedialy begin exploring their options and confirming whether or not they qualify for the Obama Plan savings.

Help For Seniors Facing Foreclosure in Washington

ratemodify.com modify (www.ratemodify.com) — Mon, 22 Jun 2009 21:22:15 -0700

HELP FOR SENIORS FACING FORECLOSURE IN WASHINGTON

Seniors in fear of losing their homes due to foreclosures often become easy targets for unscrupulous companies selling "predatory loans." Trusting homeowners who have retired or are now living on social security are a rising group of Washington borrowers now trying to avoid foreclosure. In such difficult times, loan modification has helped many seniors facing foreclosure in Washington save their homes. [Consumer Affairs]

Recording over 2,000 foreclosure filings in January, Washington homeowners are entering foreclosure at a higher rate than the national average. Loan modification, fast becoming the only help for WA seniors facing foreclosure, is also the fastest growing business in America. In such a frenzy of booming loan modification companies, it is even more difficult for seniors facing foreclosure to find a trustworthy and affordable servicer. [Seattle Times, 2/26/2008]

Once used for homeowners to get some extra cash in retirement, reverse mortgages are now helping older homeowners avoid losing their home. Seniors who are struggling to afford the payments on high-interest-rate loans while trying to keep their homes, are finding hope in loan modification. Amidst the growing demand for loan modification specialists, avoiding a "predatory loan" or falling into an even worse situation is essential to achieving your financial goals. [WSJ, 12/26/2007]

A growing number of seniors, elderly and retirees have signed their loans under false pretenses, misunderstanding, and often misguidance. A loan modification continues to be the best way to help seniors avoid foreclosure, however many have already been taken for a ride by fraudulent and expensive servicers.

As many seniors and elderly find it difficult to get around, www.ratemodify.com is proud to be able to provide free information online, and explain the numerous options available to them. All Washington homeowners should immediately confirm whether or not they qualify for savings under the Obama Loan Modification Plan.

Obama Plan Saves Washington Homeowners

ratemodify.com modify (www.ratemodify.com) — Mon, 22 Jun 2009 01:43:29 -0700

OBAMA PLAN SAVES WASHINGTON HOMEOWNERS

The Obama Adminstration's Loan Modification Plan has opened a new door of help for Washington homeowners now facing foreclosure, or those about to lose their home. Under new regulations, home loans issued before or on Jan. 1, 2009 will now quality for a loan modification program which expires in 2012. Lenders able to modify troubled loans are now eligible for incentive payments and bonuses for helping homeowners before they become delinquent. For the borrower, the government will subsidize the cost of lowering their interest rate in order to assure the payments are less than 31 percent of their gross income.

"We must stem the spread of foreclosures and falling home values for all Americans, and do everything we can to help responsible homeowners stay in their homes," stated President Obama when he signed the American Recovery and Reinvestment Act into law. Obama then unveiled his "Homeowner Affordability and Stability Plan," which will help American homeowners while bringing some order to the housing market. [White House, 2/18/2009]

The government will now subsidize the cost of lowering a borrower's interest rate in order to assure their payments are no more than 31% of their gross income. Most Washington homeowners now qualify for hundreds of dollars in monthly savings with a loan modification under the Obama administration's "Making Home Affordable" plan. Thanks to the HAMP program, a homeowner's mortgage payment cannot exceed 31% of their gross income, and because most home loans exceed 31%, the majority of borrowers are eligible for assistance.

In the past, eligible borrowers keeping up with current payments were still unable to refinance to a lower interest rate due to their homes value having decreased. According to the White House, Under the Obama Administration's Homeowner Affordability and Stability Plan, those eligible borrowers who stay current on their mortgages will be able to now refinance into a 30 or 15 year, fixed rate loan.

Washington homeowners can save hundreds a month by getting a home loan modification or mortgage refinance under President Obama's "Making Home Affordable" plan. Every homeowner now facing foreclosure, or about to be, should immediately begin exploring all the options available to them, including the new government programs designed to help you get a successful loan modify.