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NOW to read a few Testimonials from Our Military FamilyColdwell Banker Residential Brokerage, Licensed in Arizona - Phoenix, AZ - (800) 736-2610 Linda Lightfoot Managing Broker - Martha Appel Designated Broker
UNDER WATER MORTGAGE ASSISTANCE
CONTACT US TODAY
I Have A Question About Short Sales
If you are like thousands of homeowners who find themselves with a home mortgage balance that is greater than the value of the home, then you need to watch these videos.
CATCH UP YOUR MORTGAGE PAYMENTS
The
Arizona Attorney General has funds that are available to qualified
homeowners. These funds can be used to catch up and help re-instate mortgages
that are delinquent by as much as $20,500. The Arizona Attorney General
has additional funds, for qualifed homeowners, to help reduce the outstanding
principal mortgage balance and may even be used to pay off second mortgages, up
to $50,000. For qualified homeowners, there are even funds, up to $70,000,
to affect a principal reduction of the first mortgage and refinance the
outstanding balance into a 'fixed rate' affordable mortgage. If you would like
more information about the Arizona Attorney General's Mortgage Relief Fund and
how you might qualify for assistance, please eMail us at
Lori@UnderWaterMortgageAssistance.info
VA LOANS
If you have VA loan, you have incredible protections from your lender/bank when
they agree to allow you to complete a short sale. If you are struggling to
make your mortgage payment, there may be options available to you to avoid
foreclosure.
If you are an active duty soldier, there are extended protections, from being
sued by your lender, that you may not know about. For more information
about VA Loans and VA Short Sales
Lori@UnderWaterMortgageAssistance.info
FHA LOANS
If you have an FHA loan, and you find yourself faced with financial challenges
making your mortgage payment, don't stress, there may yet be a way to
restructure your FHA loan using HUD sanctioned Loan Modification protocols. And... even if
you do not qualify for an FHA workout plan, there may still be options available
to you to avoid foreclosure. For more information about FHA Loan Modification
options or FHA Short Sales, also referred to as FHA PFS (Pre-Foreclosure Sales),
eMail us at
Lori@UnderWaterMortgageAssistance.info
FANNIE MAE & FREDDIE MAC LOANS (aka GSE LOANS)
Fannie Mae and Freddie Mac announced recently, a new effort called the
"Streamlined Modification Initiative", borrowers with mortgages backed by Fannie
Mae and Freddie Mac who are at least 90 days behind on payments will start
receiving offers from lenders to lower their mortgage payments.
READ MORE HERE.
If you are interested in learning more about this, please eMail us at
Lori@UnderWaterMortgageAssistance.info And even if you don't fit into this new initiative, and
if you don't want to suffer
the stigma of a foreclosure, there may be ways to salvage your ability to buy a
home again, in as little as 48 months.
Click
here to find out if your mortgage is owned by Fannie Mae
Click
here to find out if your mortgage is owned by Freddie Mac
PROBATE and/or ESTATE SHORT SALES
All too often the executor or executrix of an estate can find themselves
overseeing the disposition of a loved ones former home. Sometimes these
homes are encumbered with mortgage balances that are far greater than the actual
value of the home. It is always wise to listen to and act upon the wisdom
and guidance of the estate attorney. We are available to the executor or
executrix of any estate if the estate attorney sees logic in liquidating the
real estate through the short sale process, regardless of the type of loan
involved. If you or a loved one must liquidate an 'estate mortgage'
through the short sale process, please eMail us at
Lori@UnderWaterMortgageAssistance.info
ALL OTHER CONVENTIONAL LOANS
For those of you who have a conventional loan, that is... your mortgage is NOT
owned by either Fannie Mae or Freddie Mac, there are still options open to you to avoid foreclosure, even
if you are just weeks away from the sale of your home at a trustee auction.
The "Making Home Affordable
Program" or HAMP provides incredible
opportunities to mitigate the financial damage, to homeowners who find it
necessary to sell their home for less than the full balance of the mortgage, a
process commonly known as a 'short sale'. If you would like more
information about this process, please eMail us at
Lori@UnderWaterMortgageAssistance.info
RELOCATION FINANCIAL ASSISTANCE
The short sale process can offer departing homeowners financial assistance to
relocate to their next home. If the homeowner qualifies for and is
approved for financial assistance, it is possible... depending on the short sale
program used and assuming the loan is not a VA, FHA, USDA or IDA Bond, for the
homeowner to receive anywhere from $3,000 upward to tens of thousands of dollars
from the bank that approves the short sale. However that is not to suggest
that the homeowner with a VA, FHA, USDA or IDA Bond loan is left out in the
cold. A homeowner with a VA loan could receive $1,500 in relocation
assistance and a homeowner with an FHA loan could receive up to $3,000 in
relocation assistance for completing a successful short sale. New short sale
rules went into effect on 10 January 2014 that add additional protections trying
to save their homes through the 'loan modification' process and for consumers
facing possible foreclosure. If you would like more information about any
of these options, please eMail us at
Lori@UnderWaterMortgageAssistance.info
Learn if you qualify for relocation assistance
funding. Learn if you qualify for state assistance if you must short sell
your home. Learn how a short sale could effect, may not effect or will not effect your
security clearance. Learn what additional benefits have emerged EXCLUSIVELY to
protect the military. Learn what the VA and FHA has to say about the short sale
of a VA loan.
CLICK NOW to check out some of the comments from just a few of our military
family.
CLICK
NOW to read a few Testimonials from Our Military FamilyIf you have landed on this page from a search at http://arizona.realestaterama.com please let us know how we can be of assistance
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