FREE foreclosure resources information, FREE loan modification counseling in San Fernando Valley, Santa Clarita Valley, Antelope Valley, Los Angeles County. Spanish/English. (Se Habla Espanol)
Informacion GRATIS sobre prevencion de foreclosure, modification de prestamos. El directorio de informacion que se indica a continuacion es bilingue Spanish/English, por favor llame primero obtenga, aprenda y protejase.
LOAN MODIFICATION & FORECLOSURE PREVENTION - FREE RESOURCES
NEW WORKOUT PLAN FOR DELINQUENT LOANS (02/03/09) click here
Lupe is available to assist you LOAN PREQUAL, LOAN PRE-APPROVAL, REFINANCING go to www.LendingWithLupe.com
Lupe Soto, Realtor in Burbank, Realtor in San Fernando Valley, Realtor in Santa Clarita Valley, Realtor in Antelope Valley. Please use the following FREE resources if you are in need of loan modification, foreclosure prevention, etc. Lupe does not do loan modification. LUPE NO REPRESENTA CLIENTES PARA MODIFICATION DE PRESTAMO. . Lupe Soto, Realtor & Listing Agent specializes in Short Sale
Lupe Soto, Realtor en Espanol. Por favor obtenga y beneficiese con information GRATIS de modification de prestamos, como evitar la ejecucion hipotecaria o foreclosure. Si necesita mas information, puede enviarme un correo electronico o llame a Lupe. Lupe Soto se especializa en VENTA CORTA o Short Sale in SFV, SCV, AV. Compre casas con Lupe www.CasasconLupe.com
LENDERS MOVE SLOWLY TO MODIFY LOANS 10/4/08
http://www.realtor.org/RMODaily.nsf/pages/News2008100303?OpenDocument
BANK OF AMERICA WILL MODIFY LOANS 10/06/08
http://www.realtor.org/RMODaily.nsf/pages/News2008100605?OpenDocument
BANK OF AMERICA TOOK OVER COUNTRY WIDE HOME LOANS JULY 2008
http://www.reuters.com/article/ousiv/idUSTRE4953T620081006
HUD APPROVED AGENCIES WITH FREE COUNSELING & EDUCATION
http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm?lang=en
APPROVED HUD AGENCY (BY DESIGN SOLUTIONS IN GRANADA HILLS, CA IN SAN FERNANDO VALLEY WITH "FREE" HELP
http://www.bydesignsolutions.org/
==============================================================
EN ESPANOL
COMO EVITAR LA EJECUCION HIPOTECARIA - COMO EVITAR FORECLOSURE
http://espanol.hud.gov/foreclosure/index.cfm?&lang=es
AYUDA PARA PROPIETARIOS QUE ESTAN PERDIENDO SU VIVIENDA
http://espanol.hud.gov/offices/hsg/sfh/econ/econ.cfm
AGENCIA AUTHORIZADA POR H.U.D. EN ESPANOL BY DESING SOLUTION, GRANADA HILLS, CA
http://www.bydesignsolutions.org/espanol/index.html
AYUDESE A SI MISMO: Llame a su lender o banco quien tiene la hipoteca, la mayoria tienen servicio en espanol, este preparado con su # de prestamo y pidales el paquete de loan modificacion o como evitar foreclosure. Cuando lo reciba llenelo y proporcione la informacion que le piden, si necesita ayuda en llenar el formulario, consulte con Lupe y por una pequena cuota de servicio puedo coordinar una cita en mi oficina. Recuerde de anotar con un diario las llamadas a su banco, y si no recibe el paquete en 2 semanas vuelva a llamar. Lupe Soto ofrece orientacion de donde llamar, Lupe NO ofrece ayuda legal. Si no entiende envieme un email con su # de telefono, su pregunta. APRENDA, PROGRESE & PROTEJA SU FAMILIA Y SU CASA. Atentamente, LUPE SOTO, Realtor www.CasasconLupe.com
======================================================================
CAN I GET A LOAN MODIFICATION IF I AM NOT BEHIND IN MY PAYMENT
Good news the answer is yes. There are many lenders today that will allow a loan modification if you are not behind in payments. Although, I have been told different in many instances because you get differing information from different loss mitigation phone team employees. It is actually unbelievable the misinformation that is being passed along because of lack of training. Any time you are told information that seems questionable call back to get a different representative.
The problem, many servicers (mortgage companies) are overwhelmed with work. Work being phone calls on delinquent mortgages, loan modifications, repayment plans, short sales, deed in lieu's, REOs and different outreach programs to help delinquent borrowers stop foreclosure. With the work load overwhelming the employees the servicers (mortgage companies) have had to hire mass amounts of employees that really get minimal training and thrown on the phone lines for support. These loss mitigation phone reps really do not intentionally give bad information they have just been under trained and put on the phones for support. There is a learning curve for this business and if they are not continually monitored by their supervisors and managers they can get in the habit of not looking up on their reference materials and "guess answers". As you all know things change daily and there you have it misinformation about loss mitigation programs including a loan modification.
Who do I trust to stop foreclosure
Iif you were referred by a friend or family member that has been helped is probably your first choice. Then refer to the Better Business Bureau because there are many people that are out to give you false promises and others with no morals and taking advantage.
Back to the topic, if you are not behind in payments many lenders allow loan modifications. If you are in a case of eminent foreclosure, meaning you have or in the next 60 days will have an adjustment in your interest rate and will not be able to afford your payments, lenders will consider modifying the loan.
HOW TO REQUEST LOAN MODIFICATION TO AVOID FORECLOSURE = Prevention is the key
You have several options,
Call your lender and request a loan modification package to be sent to you by mail. Make a journal and follow up if you did not get it within 2 weeks. Once you received it, complete the package and provide requested information and hardship letter. If you need help to review your documentation before they are sent back to lender or if you need help completing it, contact Lupe Soto, Realtor & FHA Loan consultant to review these documents for a small fee.
Second option is
NACA Home Save Solutions, click here to read more Loan Modification, Refinance, Stop Foreclosure. After you read the info under "Home Save" please sign up for a workshop first, this is a free service and you must attend the workshop schedule in Los Angeles, see below. After the workshop, please read more about NACA process
Steps to take:
- Attend NACA workshop
- Home Save Submission
- Counseling appointment
- Document submission
- Individual counseling
- Submission to servicer
- Advocacy for your solution
- Accepted solution
- Participation
Sign up for workshop with Naca, click here
Third option
Locate a local HUD certified housing counselor and practitioner support, counseling is free, you must attend a class first
HUD APPROVED COUNSELING AGENCIES
PACOIMA Neighborhood Center
PALMDALE Center
HOPE NOW 888-995-4673
http://www.hopenow.com/helpful_resources/helpful_resources.php
MORTGAGE LENDER DIRECTORY
http://www.hopenow.com/loan_services/servicer_directory.php
HOMEBUYER EDUCATION PROGRAMS
http://www.lacity.org/lahd/provider.htm
TALK TO A CERTIFIED FORECLOSURE SPECIALIST
http://lahd.lacity.org/LinkClick.aspx?fileticket=XS1vkxnVgr8%3d&tabid=342
STEPS TO TAKE TO AVOID FORECLOSURE
http://www.calhfa.ca.gov/foreclosure/foreclosure-other.htm
FHA SECURE INFO
Bankruptcy Attorney including Immigration, Credit Repair Attorney , Jennifer Aragon, Bilingual - Spanish/English
www.JenniferAragon.com
Lupe Soto
Realtor in Burbank, SFV, SCV, AV
Successfully Representing Clients with Dreams
with Unmatched Dedication!
Representando Clientes con Suenos
con Inigualable Dedicacion!
www.BurbankinAction.com
www.CasasConLupe.com
If you or someone you know is interested in bank owned homes, foreclosures, or REO properties, fixers, probate sales, short sales, contact Lupe Soto at Burbank in Action Realty today! Thank you for your referrals!
Si Usted conoce a alguien que este interesado en comprar, vender, venta corta, gracias por acordarse de Lupe Soto. Mis mejores deseos y gracias por su confianza y recomendaciones.
;)
;)
Speaking of loan mod companies, I recently came across one that operates out of an attorneys office here in Los Angeles. They ask for fees ranging from $2,500- $5,000 on the first phone call WITHOUT seeing any financials/docs or talking to the client's lender. There was no clear refund policy as well, only in the event the loan mod is not successful, the firm would offer to handle the bankruptcy or short sale for an additional retainer fee. They also informed their phone agents that even those homeowners without a job can still qaulify. Against the law? or just plain unethical? your feedback would be appreciated.