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.
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
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.
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!
Linda Watson “Your Friend In The Mortgage Business”
(707) 292-6424 1303 College Ave., Suite 200,Santa Rosa, Ca. 95404
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.