In news announcements this morning, Fannie Mae and Freddie Mac say they are working on a mass loan modification program. This program is designed to rework hundreds of thousands of delinquent mortgages. Loan modifications are a way to bring delinquent mortgages back to producing status from the lenders “toxic” mortgage pool. This came on the news that Citi [...]
WHAT IS AN FHA SHORT REFINANCE? An FHA Short Refinance is when a home owner refinances a loan where they owe more on their mortgage than their current mortgage is worth. FHA Short Refinance applicants are upside down on their equity, and so they need an FHA Short Refinance. The only way to refinance the [...]
During an economic downturn, especially involving real estate, there is almost always someone around to take advantage of homeowners. Now, with an increase of foreclosures, we have a number of foreclosure scams starting or continuing to operate. Homeowners facing foreclosure should beware of foreclosure scams. Scammers can cause the homeowner to lose both the home [...]
Orlando, FL – FHA Mortgage Trinity Mortgage 153 Parliament Loop #1001 Lake Mary, FL 32746 407-377-0500 x 210 Email About Orlando Mortgage: Welcome GOOGLEVisitors. Feel free to check me out here, but if you prefer, you can go directly to one of the following: Orlando Real Estate | Orlando Credit Repair | Orlando Mortgages Orlando [...]
It is not a secret that most lenders who hold the notes on Las Vegas properties are not cooperating with short refinance requests. For some reason, these large banks would rather force a homeowner into foreclosure, sit on the property for 12 months, pay for maintenance, and then sell it at an even lower price [...]
ARMs have been strained, ………………………….. ARMs have been twisted. Since Lehman failed you may find that… your ARM as around your own neck?. Ugh… for current home owners with soon-to-adjust adjustable rate mortgages [ARM], the recent financial market upheaval worldwide may lead to a personal catch-22. This is mainly because most conforming ARMs made after [...]
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