Walking Away from Foreclosures
In a recent edition of Time magazine there is a featured article about some services that help home owners negotiate new rates with their banks, or even walk away from their homes. Some of these services package information for homeowners in distress and in some cases help advocate for the home owner. Other services simply repackage and sell publicly available information.
Companies like the Walk Away Plan provide home owners who are in distress some counseling as well as assistance in negotiating with their bank for a new loan at a current interest rate, or renegotiating the loan all together. Other services, like Short Refi Me, try to work with your bank to refinance your home based on current value.
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Life In Queen City » Walking Away from Foreclosures
Jul 3rd, 2008[...] their banks, or even walk away from their homes. Some of these services package information for local Cincinnati homeowners in distress and in some cases help advocate for the home owner. Other services simply repackage [...]
cinplify.com
Jul 3rd, 2008Walking Away from Foreclosures…
In todays economic realities, is it better to negotiate with your bank or walk away from your loan. Some services can help you decide….
» Walking Away from Foreclosures
Jul 3rd, 2008[...] Real Estate Experts, Free Real Estate Articles, Real Estate Authors, Real Estate Tips and Hints wrote an interesting post today onHere’s a quick excerpt In a recent edition of Time magazine there is a featured article about some services that help home owners negotiate new rates with their banks, or even walk away from their homes. Some of these services package information for homeowners in distress and in some cases help advocate for the home owner. Other services simply repackage and sell publicly available information. Companies like the Walk Away Plan provide home owners who are in distress some counseling as well as assistance in negot [...]
Peter Quinn (1 comments.)
Jul 3rd, 2008Hi. I am a long time reader. I wanted to say that I like your blog and the layout.
Peter Quinn
john lawler (1 comments.)
Jul 4th, 2008Often times, people in financial distress make bad decisions because they want to believe the person who claims to be helping them.
When choosing a company to help you with a Short Refi, here are two important things to look for:
Better Business Bureau Accredited
1) The BBBOnLine trustmark confirms a company is an accredited business in the BBB where they are based, has met truth in advertising guidelines, discloses information about the business and its policies, follows basic privacy and security practices, and responds appropriately to problems that arise.
Search the database of online businesses that have met our standards for trustworthy web sites to find the goods or services you need. And when you see a BBB trustmark on a web site, be sure to click on it. The trustmark should link to a page confirming the business is a BBB accredited business and shows the BBB’s current report on the company. Be cautious when a BBB trustmark is not correctly linked to a BBB page confirming accredited business status. It could be a sign of misuse of the mark.
If you can’t find the business information you need by searching the database of BBBOnLine trustmark holders, try this page, where all BBB reports on businesses can be found.
HUD Approved
2) An integral part of the Short Refi, Short Refinance or Short Payoff Process is being HUD Approved. Only HUD Approved lenders can provide you with The FHA Secure Program. The FHA Secure Program allows homeowners with Adjustable Rate Mortgage (ARM) loans the ability to refinance into an FHA insured mortgage loan even if they are late on their current loan. Look for a link verifying that they are HUD Approved.
If you would like to find a company that meets these standards, go to http://www.Short-Refinance.com
Real Estate Taxi (110 comments.)
Jun 24th, 2009When looking into buying foreclosures, you always have to have a breaking point to call it quits.
Walt