Real Estate & Mortgage Marketing 7 – Home Loan Modification Dec08 Attorney Negotiated Loan Mod
Home Loan Modifications Negotiated by Licensed Attorneys. Real Estate & Finance Laws and Guidelines are Complex. Beware of the Banks Loss Lessening Department. Go To RealEstateMarketingThisWeek.com Part 7 (Excerpt) Attorney negotiated loan modification process Going thru the Legal Door We have Dan Havey with us talking about loan modifications. This segment we want to talk about the specifics of the real mechanics of, how does it really work for the homeowner? Let me just start it off and if you would then give reasons for the back end of how it works. Our job is to determine where you’re at now, be very point about where you’re at with your finance now, what the rate is, what it’s done, those specifics. How much you make? We have to help the lender with one thing which is to set up a hardship which is crucial to this. You can’t be making half $1 million a year paying $5000 a month in a finance, they are not just going to decrease your interest rate because you want it. There really has to be some sort of change, financial change, hardship. We determined that and then there is a noteworthy amount of paperwork involved, Velocity Financial takes care of that for you. We fill out the paperwork along with your help, review all of the documentation, we then recommend be right loan modification, whether it be an interest rate reduction, or extending the term of your loan, waiving some of the balance that you owe which is very very rare. To make sure that once we’re done …
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Tax Credit for First Time Home Buyer Mortgage, $8000 Government Assistance Program for Home Finance
First Time Home Buyer Tax Confidence Help and Federal Regime Home Loan Program with Low Down Payment on FHA Mortgages. Buy Bank Foreclosed Homes at a Discount. Go To RealEstateMarketingThisWeek.com Part 2 (Excerpt) The median income family can afford twice the median priced home; prices drop over 50% And now I mentioned Dan Havey is back in the studio with us, Dan has done a lot of fantastic things in the finance industry. He left us about a year and a half ago, is that right Dan? Yes, I left the finance industry in October of 2007. Tell us a modest bit more about yourself. As you know I came formerly from Wisconsin, where I got a degree in Business Finance and I came out here in 1989 and started working with my brother promotion real estate owned-REO, bank owned properties for Fannie Mae, Countrywide, and the Resolution Trust Corporation-RTC which was the regime entity that was place in charge of disposing of all the real estate owned by the 1800 S&Ls that had failed. I did that until about 1995 when I stirred into the finance industry and there for 12 years I worked predominately with bankruptcy attorneys helping their clients get out of bankruptcy and foreclosure. I left the finance industry in October of 2007. Now I am working predominately in the arena of marketing for real estate and finance companies, helping out companies, just like Im here helping out Michael today, to get people to grasp that right now really is a really excellent time to buy. There are a …
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