Past Loan Modification Approvals! Save your money and your home!

Free Pre-Approval based on your Debt Ratio Gross Monthly & Monthly Mortgage Payment

PAST LOAN MODIFICATION APPROVALS CLICK BELOW & CALL TODAY 800-208-4753

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Feel free to contact me at 800-208-4753. Based on HAMP Guidelines you may qualify for loan modification if 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.

See how Homeowners are getting their Mortgages modified ! MANY ARE SAVING HUNDREDS EVEN THOUSANDS PER MONTH & OVER THE LIFE OF THE LOAN!!! CALL TODAY 800-208-4753

SEE OUR PAST APPROVALS BELOW!

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Move Your Money!!!!

Need Help Call me today! 800-208-4753 Office

America's Underclass: The Growing Gap Between the Rich and Poor

Get your financial house in order Call today 800-208-4753 OFFICE or email me at refionce@gmail.com See how you can save hundreds even thousands per month!

Macro economic data suggest the great recession is over. But the gap between the haves and the have-nots is growing, thanks, in large part, to a jobless recovery. Wall Street Cheat Sheet’s Damien Hoffman says the growing underclass now accounts for about 10% of the U.S. population.

In this clip, he and his brother Derek, who jointly run the Wall Street Cheat Sheet website, point to several signs America is turning into a two-class society:

* -The foreclosure problem. 2.8 million homes were foreclosed in 2009. RealyTrac expects that number to increase to 3-3.5 million in 2010. Damien Hoffman thinks it could be even higher if "strategic foreclosures" become a more accepted practice.
* - Unemployment. The official rate is 9.9% but the wider measure of under employed and those who have given up on their job search is more like 17%. That's more than 24 million Americans out of work.
* - Record numbers using food stamps. The Agriculture Department said a record 40 million Americans, or 1 in 8 Americans, may not be able to eat without government assistance. “This is the ultimate sign of an under class,” the Hoffman Brothers say.
* - Take a look at Dollar Tree Stores. The discounter's stock is near an all-time high while revenues are up 12.5% this year. In other words, more Americans are chasing cheaper goods.

Foreclosure numbers for California

I am reviewing the Foreclosure Radar report on Foreclosures in California for the month of April 2010.  The numbers are not good in my professional opinion.  It might be good news to some.. Lawyers and Realtors! Here is a breakdown

"Foreclosure filings were down in April for the 1st time since the beginning of the year.  Despite the decline in filings, the inventory of properties in Pre-foreclosure or scheduled for sale only dipped slightly as the drop in filings were offset by an increase in the time to foreclosure" --Foreclosure Radar

1. Notice of Trustee Sale

still close to the pace of 2009  3.10% vs. Prior Year

Notice of Trustee Sale filings set the date and time of auction and serve as the homeowner’s final notice before sale.

2. REO Inventory still high

REO is a class of property  owned by a lender, typically a bank, after an unsuccessful sale at a       foreclosure  auction.

3. Notice of Trustee Sale

Cancellations higher by 11.39% prior month and 174.37% from this time last year!!!!

*After the filing of a Notice of Trustee Sale, there are only three possible outcomes. First, the sale can be Cancelled for reasons that include a successful loan modification or short sale, a filing error, or a legal

requirement to re-file the notice after extended postponements. Alternatively, if the property is taken to sale, the Bank will place the opening bid. If a 3rd party, typically an investor, bids more than the bank’s opening bid, the property will be Sold to 3rd Party; if not, it will go Back to Bank and become part of that bank’s REO inventory. –Per Foreclosure Radar Report April report

This is the number that bugs me the most since it just shows that one a cancellation can be the bank re-filing    the Notice of Trustee sale due to extended postponements, a filing error or successful short sale or loan modification which I highly doubt.   Since I am seeing more and more banks delaying loan modification approvals  by up to 6 to 9 months.  The number just is not going down and it's creating a major back log.

4. Sold to 3rd Party

Is up 6.05% from the previous month and up 158.62% from last year!!! This just brings surrounding homes market    value down since most 3rd Party sales are below the Market value of the home.

Based on these numbers I don't see a Real Estate Recovery this year.  I would consider this year gone and done for Real Estate barring something drastically happening down this year like having the Federal Government doing something about changing the "Making Home Affordable" program to include values and having the Banks seriously doing modifications of home loans to a reasonable payment of the home loan since I see possible worse case scenarios affecting all debt ridden homeowners.  One scenario is Interest rates shooting upwards after inflation takes effect and it will due to ALL the spending being done by the Federal Government.  Second scenario is continuing slow down of the economy on the job front which experts are saying could last into 2014!!!!!!! All this will continue to trickle down the whole economy as a whole especially when our economy is 75% consumer spending!

I will be coming out with a Do it yourself Consumer and Loan modification package soon.  This package can get you on a more solid financial footing.  Feel free to call me at 800-208-4753 or email me at refionce@gmail.com for pre-order special price of $79.00 once the package goes online for sale the price will be $125.00. 

New Approval 2nd Mortgage with GMAC Settled for 20% of Original loan amount

This loan is a 2nd lien or 2nd mortgage on a Rental property. The original loan amount was $30,314.00.  GMAC at first turned down the settlement offer all together but after a few months they came around.  They came back with a initial offer of $7,500.00 we countered with $6,000.00 and we just got the approval! Click at the link to see it!
APPROVAL

So now the borrower has no 2nd mortgage and that eliminates the 2nd mortgage payment of $294.43 & over the life of the loan he is saving $70,000 in just what he would pay on INTEREST!!!

OLD TERMS

30,314.00 LOAN AMOUNT
11.25% INTEREST RATE
30 YEARS
$294.43 PRINCIPAL AND INTEREST


NEW TERMS

$6,000.00 SETTLEMENT AMOUNT
NO MORE PAYMENTS
NO MORE 2nd Mortgage


FYI I will soon be releasing a Consumer Credit & Loan Modification Package which could save you hundreds per month & hundreds of thousands over the life of the loan!  This will not be a just Do it yourself Package or E-BOOK.  This is a package of how to beat the banks at their own game! Sign up for email updates and I will send out an email once it's ready! Like always feel free to contact me at 800-208-4753 Office or email me at refionce@gmail.com for more information. 

New Approval! 2nd Home Rental Property GMAC!

This is a Rental Property & the borrower was on an Adjustable loan which got up to 11.00% before settling to 10.25% and the client was behind over 12 months on the mortgage payment.  His main worry was his Interest rate could go up higher once Interest rates start moving upwards.  The old and new terms are as follows

OLD TERMS

10.25% Interest Rate (Adjustable)
No Escrows included
12 months behind on mortgage payments
Loan modification was turned down once before by the bank

NEW TERMS

8.00% Interest Rate (Fixed)
Loan is now impounded
Client is now current and is longer facing foreclosure 




I would like to note that the loan modification is not the best of terms but at the end of the day ALL banks have the final say on what they want to give the Borrower as in new loan modification terms or even approving a loan modification.  Feel free to give me a call or email me with any questions you may have 800-208-4753 Office or refionce@gmail.com  Click on the link for Approval                                                                             http://bit.ly/ayjl5hNewApproval

Walking Away from your home! Interesting story on 60 minutes

Watch CBS News Videos Online


Feel free to contact me at 800-208-4753 or refionce@gmail.com if you have any questions regarding loan modifications or if you are thinking of doing a short sale on your home!

Goldman charged with fraud over Paulson CDO trade - MarketWatch

Subprime mortgages back in the news!

Also interest rates are climbing still.....Refinance or modify now to avoid the Inflation spike to Interest Rates down the road.

Feel free to contact me with any questions and to see how WE can save you some money refionce@gmail.com or 800-208-4753


Goldman charged with fraud over Paulson CDO trade - MarketWatch

Check out this need - Rate my New Article on MiNeeds!

Check out this need - Rate my New Article on MiNeeds!

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Obama announces expanded mortgage modification plan - Mar. 26, 2010

Program will help out Borrowers that are unemployed and also direct the banks to cut balances on borrowers who are underwater. Balances are also being looked to be cut
by Bank of America on a certain number of mortgages.


Obama announces expanded mortgage modification plan - Mar. 26, 2010


Feel free to contact me with any questions you may have 800-208-4753 Office or refionce@gmail.com

New Approval -CITI Mortgage 2nd Mortgage loan

Just got a new approval from CITI MORTGAGE on a 2nd Mortgage.  Borrower was behind 6 months. Borrower is now current and the bank forgave the late payments.  CLICK HERE FOR APPROVAL

OLD TERM

$99,600.00 Loan Amount
11.360% Interest Rate
$974.95 Principal & Interest Payment


NEW TERM

$98,068.20 Loan Amount
0% Interest Rate
$400.00 Payment


Client is saving over $100,000.00 in interest alone! Feel free to contact me with any questions you may have at 800-208-4753 OFFICE or refionce@gmail.com

End of Home-Buyer Programs May Delay Housing Recovery - Yahoo! News

Hopefully interest rates don't go up to high! Currently interest rates are at 5.00% for a 30 Year Fix, 4.50% for 15 or 20 Year Fix. Feel free to contact me at 800-208-4753 Office or dreyes@refionce.com

End of Home-Buyer Programs May Delay Housing Recovery - Yahoo! News

Bank of America to Offer Principal Reduction to Underwater Borrowers

Bank of America has announced it will make principal forgiveness– ahead of an interest rate reduction – the initial consideration toward modifying certain subprime, Pay-Option and prime two-year hybrid mortgages qualifying for its National Homeownership Retention Program (NHRP). An interest rate reduction and other steps would then be considered, if additional savings are necessary to reach the 31 percent debt to income targeted payment.

Under the plan BOA will forgive up to 30 percent of the mortgage loan balance in two stages, but with a quid pro quo from the homeowner. The bank will offer an interest-free forbearance of up to 30 percent of the principal balance for five years. If the homeowner stays current on mortgage payments for the period of time, then the amount will be forgiven. On paper, at least, that forgiveness will allow the homeowner to return his loan to an LTV of 100 percent.

Barbara Desoer, president of Bank of America Home Loans says, "Bank of America has found that many homeowners who owe considerably more on their mortgages than their homes are worth are reluctant to accept a solution that addresses only the amount of the payment without an accompanying reduction in the balance due on the loan."

Feel free to contact me at 800-208-4753 OFFICE OR dreyes@gmail.com for more information.

Obama administration to order lenders to cut mortgage payments for jobless - washingtonpost.com

Obama administration to order lenders to cut mortgage payments for jobless - washingtonpost.com

Foreclosure Search! Great time to buy Great Rates and Prices!

30 Year Fix 5.00% ----0 Points at closing!

30 Year Fix @ 5.00%


15 Year Fix @ 4.50% 


$100.00 Gasoline Card at closing!!!


Call 800-208-4753 or email me at dreyes@gmail.com for more information!

NEW APPROVAL SPS Portfolio 2.00% Fixed for 5 Years!

Below is the old terms and the new terms of the loan modification approval from SPS.   This also is the

HAMP Program approval.  As you can see from the CLICK HERE FOR THE APPROVAL the interest rate is 2.00% for the first 5 years after that the interest rate goes up 1% every year until it reaches 5.00% for the life of the loan.  Feel free to contact me at 800-208-4753 OFFICE or dreyes@gmail.com.

OLD TERMS

552,692.00 -Loan Amount

5.75% - Interest Rate (Adjustable)

$3,343.68 (Principal, Interest, Taxes & Insurance)

5 months behind on mortgage.

NEW TERMS

$562,190.72 -New Loan Amount

2.00% - Interest Rate ( Fixed 5 years)

$2,545.10 (Principal, Interest, Taxes & Insurance)

Total savings for the first 5 years is $ 47,934.00, $6,519.24 6th year savings, $3,339.12 7th Year savings, $1,264.41 for the remaining term of loan.  Total saved $59,056.77

California's Cash Crunch - CNBC.com

I would watch this story very closely since if California fails on it's commitments I fear the economy could take a bigger nose dive and higher interest rates will follow FAST! 5.00% 30 Year Fix 0 Points! Feel free to contact me at 800-208-4753 or dreyes@gmail.com

Where does your state rank on Foreclosures?

Where does your state rank on Foreclosures?

FHFA Extends Refinance Program | RISMedia

Government Program is extended for Homeowners who have LITTLE to NO Equity! Click on the link below to read about it.

Contact me with any questions you may have 800-208-4753 OFFICE OR dreyes@gmail.com


FHFA Extends Refinance Program | RISMedia