Outlook for 2011 and 2012: Loan Modification, Interest Rates & Taxes Predictions

As we close out 2010 I just want to say that it's been another roller coaster year just like last year CHECK IT OUT  While i was wrong about interest rates going up this year I do still believe they will go up in the future which i now see anywhere between the next 12 to 24 months.  Also I see higher taxes for everything that can be taxed will be taxed!!! Our Governments will need to find ways to make up revenue somewhere since unemployment will continue to rise or at best stay where they are at.  The elephant in the room that no one is still talking about is the continuing of the foreclosure and shadow inventory of homes many states are not reporting since that would spook everyone out.

As with everything it will come back full circle since a foreclosed home costs not only the person that owned the home but the surrounding homes as lost value.  Also costs City, County and then State and Federal governments revenue in the long run.  I see 2011 and 2012 are going to be some more difficult years for all of us and I feel that with all the data that is out right now I believe the Government and Banks will have no choice but to streamline the loan modification process.

I have seen many approvals this year and I see the moving trend towards that direction for the forseeable future.  What i advice many people to do is secure your financial foundation do not wait until your behind on your house payment 3 to 6 months to look for help! I still see many homeowners keep paying on their car or credit cards before making their house payment...WHY??? Banks are in a bad spot do not believe all the "Good News" you hear on the News or read on the internet! Banks will work with you but you first need to speak up and ask for help or if you do not have time hire someone i know it's hard to find people that are honest or care about your financial well being but there is Ask around to family and friends! Well that's my opinion on where we are going and if you decide that you need help I'm here for your Debt Settlement, Loan Modification, Refinance and Short Sale needs.  Good Luck!

New Approval!!! CITI-Mortgage Borrowers Gets interest rate of 2% !!!

This Approval is from Citi Mortgage.  The Borrower had a 6.30% interest rate that was adjustable.
When we applied for a loan modification the first time the bank wanted to give the borrower a $63.00
reduction! We re-applied and this time around we got a the "Making Home Affordable" Loan Mod
Approval.  The Borrower will be saving over $90,000.00 in the first 5 years! Click HERE for a copy
of the loan modification approval

OLD MORTGAGE TERMS

$415,618.67 -Loan Amount
6.30% Interest Rate
Adjustable Rate
$2,399.33 Principal & Interest
$1,161.47 Taxes & Insurance
$3,560.80 Total Payment


NEW MORTGAGE TERMS


$442,878.71 -Loan Amount
2.00% Interest Rate

Fixed Rate

$1,774.26 Principal & Interest
$400.08 Taxes & Insurance
$2,037.05 Total Payment
$1,523.75 Monthly Savings!!!

Call today and let's get started on your Loan Modification request! Loan Modifications are happening
everyday! Save your House and Your Money!

Robo-Signing Foreclosure Freeze Update

Here’s a quick update on the impacts we are seeing from “Robo-Gate”. For those that missed this major foreclosure news item, robo-gate refers to the foreclosure freezes implemented by various lenders after revelations that foreclosure filings were being attested to in a robotic fashion that may not have met legal requirements. In the beginning the freezes were limited primarily to 23 states that use the judicial foreclosure process, but on October 8th the impact grew when Bank of America announced a national foreclosure freeze.

Stop Foreclosure and get some help

Were here to help here's what we can do:

* Prevent foreclosure
* Explain the foreclosure alternatives:
o Forbearance
o Repayment plans
o Loan modification
o Short sale
o Deed in lieu or "Cash for Keys"
o Bankruptcy
* Apply for government loan modification and mortgage relief programs
* Assistance in talking with your lender

We are here to help — Whether you are having trouble with your housing expenses, have fallen behind on your mortgage payments, or are facing immediate foreclosure
Feel free to contact us at 800-208-4753 Office or email at refionce@gmail.com

Read full article here: Robo-Signing Foreclosure Freeze Update

Current Loan Modification Approvals!

Here is a Updated List of Loan Modification Approvals

As you will see the approvals are from Every Lender out there!
We are currently offering a payment plan to get your loan modification
reviewed by your lender since we believe all homeowners needing help
deserve the help they need on't forget to visit our site or sign up for our Weekly 
Newsletter for updated News and Loan Modification Approvals
and read about the money our clients are saving!

Current Loan Modification Approvals CLICK HERE

40 months to clear inventory of Foreclosed Homes!!!

IBPS IBM lender Business Process Services! Modification Approval! $182k in savings!

Another Loan Modification Approval This time it's from IBM lender Business Process Services.  The client’s old payment was $2,530.00 with taxes and insurance included.  The new payment is $1,808.18 with Taxes and Insurance included.  The 1^st 5 years the interest rate is (2.75%) and  borrower will save over $43,000.00.  On the 6^th year the interest goes to (3.75%) and then The interest rate caps at (4.125%) for the life of the loan.  Take a look at the year savings versus the old loan terms!

Loan Modification Approval 

Yearly savings over 28 years!

1 to 5 years interest rate (2.75%) Payment of $1808.18 with Taxes and Insurance =$43,000.00

6^th Year interest rate (3.75%) Payment of $1950.99 with Taxes and Insurance = $6,948.12

7^th Year interest rate (4.125%) Payment of $2,004.44 with Taxes and Insurance = $132,441.12

Grand Total = $182,389.24