Congresswoman Maxine Waters’ Shocking INSIDE “L@@K” at Mortgage Modification

Filed under Money Management by on April 23, 2009 at 7:28 am {no comments}

Nightline covers Congresswoman Maxine Waters attempting to contact banks on behalf of her constituents in the process of doing their own mortgage loan modification.

See this shocking inside “look” at what it’s like to negotiate your own mortgage… Even a Congresswoman can’t get satisfaction from mortgage lenders. It is not only extremely difficult to get a live person, it’s much more difficult to get a live person that can actually do something.

Right now statistics say you have a 20% chance of getting a successful loan mod on your own, while professionals at proven firms have over a 90% chance of success on the same loan modification.

Moral of the story?

You CAN do this yourself.  There is way, but for many people it’s like doing your own dental work or taxes… This is one reason why professionals charge fees for their services.  Professional negotiators stay on hold with these banks for HOURS everyday and get results.  Pros know what works and what it takes to get results.  You should at least learn what they know.  You need to be prepared with correct knowledge and take the correct actions to overcome the challenges you will face.

Modifying your existing mortgage may be WELL WORTH IT to save your home, as long as you either take the right “Do It Yourself” (DIY) approach or use a proven professional to get the results you need, like:

  • Avoiding foreclosure.
  • Staying in your home.
  • Reducing interest.
  • Reducing principle.
  • Reducing payments to an affordable level.
  • Eliminating the stress of uncertainty you have about losing your house.
  • Regaining financial control.
  • Your whole family sleeping better at night.

**

Curious about the secrets to successful Loan Modification that even the Congresswoman doesn’t know?

Learn how mortgage modification works to save your home with no refinancing, bad credit OK, avoid foreclosure, cut interest rates, reduce principle & lower payments to avoid foreclosure…

>>> Discover Secrets of Sucessful Mortgage Loan Modification here

(Top rated “Do-It-Yourself” info plus secrets to selecting a proven professional to do it for you)

Was this valuable to you?  Feedback?  Question(s)?

Please share your thoughts and ideas below.  I respond to any questions posted as a comment in detail by email.

Thank you for the opportunity to serve you!

Here To Be An Asset To You,

Jesse Niesen
DebtGoToGuy.com

Hit the Like button

RED ALERT: New Foreclosure Nightmare EXPLODING!

Filed under Money Management by on April 16, 2009 at 12:33 pm {no comments}

***

Even as Washington and Wall Street swear on a stack of Bibles that that the worst is behind us …

The home foreclosures that triggered this economic disaster are absolutely exploding — up a staggering 24% in the first three months of 2009 alone.

Worse: Industry experts are warning that an even GREATER surge in mortgage defaults will slam U.S. lenders in the weeks ahead.

***

FAIR WARNING:
THIS MAY BE YOUR LAST CHANCE
TO GET YOUR MONEY TO SAFETY
BEFORE IT’S TOO LATE!

Just hours after yesterday’s historic Taxpayer Tea Parties gave millions of Americans a ray of hope …

And just as Washington and Wall Street happy talk was beginning to convince many investors that the worst just might be behind us …

It now looks as though the greatest wave of bailouts may be just ahead!

This morning, the Associated Press dropped a huge bombshell: The number of delinquent mortgages — home loans on the verge of default — skyrocketed a staggering 24% in January, February and March:

Nearly 804,000 homeowners received at least one delinquency notice in the first 90 days of 2009 — over 150,000 MORE than in the first quarter of 2008 …

And in March alone, more than 340,000 mortgages began going bad — up 17% in a single month and a mind-numbing 46% compared to March of 2008!

The implications of this startling news couldn’t be more clear: Despite everything Washington and Wall Street so desperately want you to believe, the end is nowhere in sight. To the contrary …

THIS CRISIS IS STILL ACCELERATING!

And now …

  • With Washington’s loan modification programs a colossal flop — fewer than half reducing payments significantly … (Because so many consumers lack the knowledge to do it right themselves or need professional help, which is why I’ve put together the best mortgage modification information to guide you right here.)
  • With lenders beginning to aggressively pursue foreclosures again after a temporary hiatus …
  • And with ultra-low teaser rates on millions of Adjustable Rate Mortgages set to drive monthly payments through the roof between now and May 31 …

Even U.S. housing secretary Shaun Donovan is now warning that this explosion in home foreclosures will continue to accelerate for many months to come!

This is why I’ve warned you that in the next phase of this crisis, literally hundreds of banks and other lenders will be pushed to the brink — and OVER the brink — demanding hundreds of billions of dollars; perhaps even trillions in new bailouts.

This is why I’ve repeatedly warned you that the recent stock market rally was nothing more than a dead cat bounce — a bear market trap — and urged you to use it to dump stocks before it’s too late.

And this is why I’m doing everything in my power to make sure that yesterday’s Taxpayer Tea Parties are only the beginning of a massive, nationwide grassroots movement to end these disastrous bailouts!

* Excellent market information from Martin D. Weiss, Ph.D.

**

Curious about Loan Modification?

Learn how mortgage modification can save your home with no refinancing, bad credit OK, avoid foreclosure, cut interest rates, reduce principle & lower payments to avoid foreclosure…

>>> Discover More about Mortgage Loan Modification here

(Do-It-Yourself info and secrets to selecting a professional to do it for you)

Was this valuable to you?  Feedback?  Question(s)?

Please share your thoughts and ideas below.  I respond to any questions posted as a comment in detail by email.

Thank you for the opportunity to serve you!

Here To Be An Asset To You,

Jesse Niesen
DebtGoToGuy.com

Hit the Like button

Obama’s “Making Home Affordable” Programs

Filed under Money Management by on April 10, 2009 at 7:43 am {no comments}

Two new government programs will help nine million homeowners make their home mortgages more affordable.  (more…)

Foreclosures Spike, so does Loan Modification

Filed under Money Management by on April 6, 2009 at 7:07 am {no comments}

Lenders are fixing more loans, but the number needing assistance is soaring.

NEW YORK (CNNMoney.com) — Lenders have helped an increasing number of mortgage borrowers to get current on payments and stay in their homes, but the tide of foreclosures is still rising.

In February, nearly 250,000 homeowners received either mortgage modifications or repayment plans from their lenders, according to Hope Now, the coalition of lenders, investors and community advocacy groups put together to combat the foreclosure plague.

About 134,000 of the workouts completed were mortgage modifications, which typically lower the interest rate on loans, lengthen mortgage terms or reduce principal owed to make loans more affordable. Modifications are considered more comprehensive and effective than repayment plans, which simply tack the late payments on to the end of the loan but don’t reduce payments.

“The mortgage lending industry is responding to the needs of its customers and offering solutions that are appropriate to the current market and economic conditions,” said Hope Now’s director Faith Schwartz.

But in spite of these efforts, the number of foreclosures started in February rose to 243,000 from 217,000 in January. About 87,000 homes were repossessed by banks during February, a 28% jump from the 68,000 foreclosures completed in January. Since the mortgage meltdown hit in July 2007, 1,395,044 homes have been lost.

February was the second straight month of sharply higher foreclosures; prior to January, the problem appeared to be easing. Foreclosures declined to 69,000 in November from 77,000 in October and then dropped again to 56,000 in December.

But the report could have been much worse, considering the nation’s deteriorating economic picture.  “We’re shedding 650,000 jobs a month,” Schwartz said. “But there’s more flexibility [by the lenders]. They’re offering more forbearance in response to job losses.”

The Obama administration’s foreclosure prevention initiative could send mortgage modification numbers higher in the coming months, but it will take time. “We won’t see a spike right away,” said Schwartz. “[Under the program] It takes 90 days to complete a modification. Over the next three months we’ll start to see some pull-through.”

April will be “the month to get all the implementation details done on the new plan so that everything is crystal clear when they start using it,” she added. To top of page

First Published: March 30, 2009: 10:00 AM ET

By Les Christie, CNNMoney.com staff writer

Curious about Loan Modification?

Learn how mortgage modification can save your home with no refinancing, bad credit OK, avoid foreclosure, cut interest rates, reduce principle & lower payments to avoid foreclosure…

>>> Discover More about Mortgage Loan Modification here

(Do-It-Yourself info and secrets to selecting a professional to do it for you)

Was this valuable to you?  Feedback?  Question(s)?

Please share your thoughts and ideas below.  I respond to any questions posted as a comment in detail by email.

Thank you for the opportunity to serve you!

Here To Be An Asset To You,

Jesse Niesen
DebtGoToGuy.com

Hit the Like button