Category Archives: Credit Repair Assistance

Boomerang Buyers-Default,Deed-in-Lieu,Loan Mod,Short-Sale, Foreclosure, or BK’s?

If you’ve had any of the adverse credit events mentioned above then you need to re-check your eligibility for obtaining a home loan. This chart below is a great guide:

Homeowneraferadversecredit

 

Perhaps you did a BK to stop a foreclosure. If it’s been officially resolved then check the chart below as you might be able to now SELL that home and move down OR up. Continue reading Boomerang Buyers-Default,Deed-in-Lieu,Loan Mod,Short-Sale, Foreclosure, or BK’s?

Want to Buy a Home but past “Short-Sale” or Foreclosure is keeping you out? Help is HERE!

Join Allison and I was we interview Jon Maddux of www.AfterForeclosure.com and their unique web site dedicated to helping the “Boomerang” buyer, or the buyer who recently went through a “Short-Sale” or “foreclosure” own a home again.

Had a recent Foreclosure or "Short-Sale"? You just MIGHT be able to buy again!
Had a recent Foreclosure or “Short-Sale”? You just MIGHT be able to buy again!

The folks who brought you “Walking Away from Debt” which advocated “Short-Selling” or letting your home go to Foreclosure, are now attempting to alert the 10,000,000 or so “ex-homeowners” of programs available to these families to once again realize the American Dream. Or as they say,  Homeownership Is Within Reach!

Questions for John: PH: 619.704.8917 Fax: 877.815.1060

Co-founder / Sr. Mortgage Banker  AfterForeclosure.com 

491 2nd Street, Suite 102, Encinitas, CA 92024

NMLS#957969

 

 

Special Show Apperance: September 11th!! Stategic Defaulting on your Mortgage? Or simply prudent financial planning? The controvery continues as the Economy stumbles towards a possible double dip.

 

I’m commenting on a controversial  book entitled, “Walk Away From Debt for a Better Future”. The author, Nicholas Carroll, advocates “prudent financial” planning or strategically defaulting on your home mortgage and  credit card debt. He uses various techniques and is an alternative many, many families are considering as the moribund real estate market limps along.  His web site has some provacative articles and I feel is a MUST read for those who are upside down on their homes with overvalued mortgages and staggering credit card debt. CLICK HERE to visit his site.

The author referred to a Wall Street Journal article on “strategic” defaults  and one of the “comments” linked to this great site of some very clever limericks. Here’s one on the articles featured couple after they “walked-away” from their debt.

 

 

 

The Smiths, of 212 Willow Lane,
Thought their mortgage a terrible strain;
They defaulted and then
Moved next door to 210,
Where they rent, and are solvent a-gain.

http://limerickseconomiques.blogspot.com

 

 

 

 

 

 

Linda Watson, USDA specialist and Niche Loan Consultant–Great Guest-Contact Information

Sonoma County, California HomeBuyers had a great treat this morning listening to Linda Watson who spoke on Niche Lending and her specialty–USDA Loans. Who said  you had to PUT 20% down? Two low down scenarios are yours for the choosing. USDA has a ZERO like in -0- DOWN program and FHA with a CHDAP “silent” second gets you into a home with 1/2% down!! On a $400,000 home that is ONLY  $2,000 DOWN!!

All the more reason to listen to the “Real Estate Hour” every Sunday! Here’s Linda’s Information below–And for all YOUR real estate needs don’t forget to give us a call at: 707-799-3617!

"Niche" lending expert--USDA,FHA 203K,etc.

Linda Watson “Your Friend In The Mortgage Business”

(707) 292-6424 1303 College Ave., Suite 200,Santa Rosa, Ca. 95404

www.winecountryhomemortgage.com

CA DRE License # 01319154  NMLS #230174

Wine Country Home Mortgage is licensed by the CA DRE, licence #00654852

Short-Sales and “Deeds-in-lieu” UP according to the Treasury Department! But Loan Mods–50% fall out!

DSNews.com and Carrie Bay report: The Treasury Department released a new report on the government’s foreclosure prevention efforts Friday. In addition to the Home Affordable Modification Program (HAMP) numbers that are regularly recounted, new this month are details on short sales and deeds-in-lieu, as well as second lien modifications.