The Sky may be Falling for the Next Decade

As a result of our efforts to save homes and in essence, save America, we are finding out that this popped bubble may last a decade.

Recent reports show that Wachovia and Washington Mutual may have concealed the actual numbers of defaults on their books so that executives could get their bonuses. This means other banks could fall by way of Indymac and have difficulties going forward.

The good news is if you have a loan on your home or an investment property that is costing you more than it’s worth or you put the wrong loan on it, we can help with a loan modification or short sale.

Here is a recent modification case.

Woman was at 10.95% before modification.

New modification:

2.25% for next 3 years adjusting to 6.25% cap in 2014. She makes no payments until October 2008 and was settled this month.

If you need help go to this page and download the modification questionnaire. Fax it in to us when it is completed.

Stay safe,

James Burns, Esq.

Keeping your home with loan modification

The American dream seems to not be complete without home ownership and was a pinnacle part of post World War II. However, buying a home does not always end up happy or can turn from dream to nightmare. We are now (2008) facing one of the most unpredictable times for our country financially. With the mortgage and subprime debacle comes a whole new set of rules along with slowing home sales and jaw dropping depreciation of homes, in some areas as much as $100,000 or more lost for the newcomers who bought late. The question in their minds “will it ever come back?”

We see many people walking from their homes right now when there are several other options that will reduce the effects on their credit because in American Cash is not king…’Credit’ is king because it gives way to cash access. If you are struggling with your home payments go to this link and get the questionnaire that you can fill out and fax it in.

On Wednesday, July 30, 2008 President Bush Signed into law the housing rescue plan…what does it mean for you? Find out by going to this link and make a determination.

3 Things you can do right NOW!

1. Determine if you can afford your home by honestly examining your home balance sheet, see later chapter on how to establish this.
   1. Contact a mortgage modification paralegal like you would find at law firm handling modifications.

The other two are available in my e-book “How to Avoid Foreclosure- 3 thing you can do now.” You’ll find it on this site and it is packed with information to get you back on track.

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