Posts Tagged ‘loan modification’

Looks like I am going to have to eat my words from the blog I wrote back in April; & I am very happy to do so! http://integrityallstars.com/hafa-hafa-hafa-what-the-heck-is-hafa/

Reason being, the Government just recently announced that both Fannie Mae and Freddie Mac will be participating in this program which was the main reason I and so many other professionals in my industry felt it was off target when it started back in April- looks like the government was listening however it may be too soon to see since it doesn’t start officially until August 1.  See https://www.efanniemae.com/sf/servicing/hafa/index.jsp for more information straight from their website.

Give me a call at 480-243-4242 if you want to find out if you will qualify for this Government program.

If you are upside down on your home and not sure what to do because you would really rather stay in your home and not do a short sale or let you home go into foreclosure- please watch the attached video!

Our advice to our clients is to apply directly with their lender(s) for a loan modification and not turn to a company to do it for you; remember if it sounds too good to be true, it usually is.

Several of our clients have come to us days before their home’s Trustee Sale (after spending thousands of dollars that they didn’t have to apply for a loan modification) hoping for a miracle to avoid foreclosure- we’ve had a few miracles; but we’d much rather see you keep your money in your pocket.

Don’t hesitate to call us for more advice if you don’t know how to get out from under your house payment; especially if you already have a Trustee Sale (aka Foreclosure) date set. 480-243-4242

• Are you at risk of losing your job or have you already lost it?
• Do you know where the money to pay your next mortgage payment is coming from?
• Are you afraid of getting your family locked out of your own home by your bank? 
• Do you know that 58% of the loan modifications that even do get approved, end up in foreclosure/default again within 4 months?
• Did you know that in Chandler alone, 3 out of 5 homes on the market are considered “distressed” sales. (Either Short Sales or Bank Owned)

If you answered yes to any of these questions; please reach out to us for help now before it’s too late, click here to get started. 

We will gladly give you a compassionate & intelligent conversation when the time is right for you and your family!

IN THE MEANTIME; THERE ARE LEGAL RIGHTS THAT GIVE SOMEONE TIME STILL IN THE HOME AFTER A TRUSTEE SALE: Please read the following article AZ Republic: Eviction Adds to Pain of Home’s Foreclosure.  In this, Michelle Lind, general counsel for the Arizona Association of Realtors, explained how the state’s eviction laws work. "The buyer of a foreclosure home has to give the home’s former owner notice to move out," she said. "If after five days the former owner doesn’t move out, the new owner can file with the courts for a forcible eviction."

You do have rights and don’t have to be alone, call us at 480-243-4242 and we will do our best to help!