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loan modification washington: Loan Modification Everett, Lynnwood, Mill Creek, Washington
- 08/18/09 02:02 PM
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 … (1 comments)
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loan modification washington: Loan Modification Bothell, Woodinville, Kirkland, Washington
- 08/13/09 08:15 AM
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.
… (1 comments)
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loan modification washington: HOME LOAN MODIFICATION WASHINGTON
- 08/12/09 07:01 AM
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 … (1 comments)
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loan modification washington: LOAN MODIFICATION, WASHINGTON
- 08/11/09 12:01 PM
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 … (0 comments)
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loan modification washington: WASHINGTON LOAN MODIFICATION
- 08/11/09 11:14 AM
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 … (0 comments)
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loan modification washington: Mortgage Modification Help Washington
- 07/08/09 07:48 AM
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 … (0 comments)
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loan modification washington: Loan Modification Services, Washington
- 07/08/09 06:18 AM
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 … (2 comments)
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loan modification washington: Foreclosure Help Washington
- 07/07/09 08:34 AM
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 … (0 comments)
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loan modification washington: Avoid Foreclosure Washington
- 07/07/09 08:20 AM
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 … (0 comments)
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loan modification washington: Foreclosures and Falling House Prices, Washington
- 07/02/09 01:24 PM
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 … (0 comments)
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loan modification washington: Loan Modification Help, Washington
- 07/02/09 12:47 PM
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 … (1 comments)
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loan modification washington: Loan Modification Eligibility
- 06/24/09 06:58 PM
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 … (0 comments)
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loan modification washington: Obama Plan Saves Washington Homeowners
- 06/21/09 06:43 PM
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 … (0 comments)
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loan modification washington: Loan Modification Scams in Washington
- 06/21/09 06:24 PM
LOAN MODIFICATION SCAMS IN WASHINGTON
Numerous Washington state residents have fallen victim to the mounting housing market crisis, with the majority of these homeowners undergoing hardships, including medical bills, divorce, loss of job, and unaffordable home loans. Avoiding loan modification scams should be the least of these borrowers' troubles. However, with a rise of dishonest and fraudulent operations, as well as increasing mortgage loan modification fraud, many homeowners do not know where to turn! [MSNBC, 5/28/2009]
Unfair or deceptive loan modification scams have plagued the mortgage industry, and deterred countless homeowners from seeking help. In lieu of such scandalous practices, … (0 comments)
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loan modification washington: Home Loan Modification Washington
- 06/18/09 06:07 PM
HOME LOAN MODIFICATION IN WASHINGTON
Home Loan modification is currently the fastest growing business in Washington and America. With the popularity of home loan modification, short sales, and streamlined refinancing growing, loan officers, real estate agents, and short sale professionals around Washington are all looking to take advantage of the mushrooming business of home loan modification and foreclosure prevention.
In this mounting market, littered with unscrupulous loan modification companies, informed homeowners working with well-established servicers will find themselves in a far better position. Finding a reliable source for information is a necessity to achieving your end goal, while avoiding unnecessary expenses during … (0 comments)
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loan modification washington: Free Loan Modification Information for Washington
- 06/18/09 05:46 PM
FREE LOAN MODIFICATION INFORMATION FOR WASHINGTON
Now is an important time to explore all the free loan modification information available to all Washington homeowners. While facing foreclosure, defaults, economic troubles and other hardships, it is becoming more and more imperative that Washington homeowners educate themselves on the options now available to them.
Right now, under Obama's Loan Modification 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.
As reported by CNBC, over one million homes were foreclosed in just the past three … (0 comments)
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LOAN MODIFICATION EVERETT, LYNNWOOD, MILL CREEK, WASHINGTON
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