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realestatemarketingthisweek.com – Fannie Mae is proposing to give you a 50 year loan modification with an adjustable rate – Part 6 – The next one is that your loan to value on your house has to be at least 90% of the property value. So in other words everyone under 90% gets foreclosed on? Right, if you only owe 80% of what your home is worth, they can foreclose on you, take your house and they dont lose as much money. Back when I was working with Fannie Mae selling repos almost 20 years ago now, they always gave us the figure that they lost 20% of the homes value every time they had to foreclose. So they have plenty of room to sell your house if you only owe 80% on it. So if you owe, lets just throw out some numbers here, lets say your house is worth 0000 and you owe 000 on it, well they are going to lose a little bit but they are going to make it back when they sell your house for 0000. Yes, they would just as soon kick you out and keep their money. Yes, exactly I am not necessarily going to say that Fannie Mae is going to kick you out of your house, however the reason why they have this guideline is very simple, they are not going to lose money on you if they have to foreclose on you when you are under 90%. They certainly are not going to lose very much money. If you have subordinate loans it may be left outstanding and will not be considered in the LTV, so lets just give an example here, your house is worth 0000 and you have a 0000 1st mortgage and you …

Mortgage Modification – Home Loan Modification Process – How to Plan for Federal Laws, Credit Rules and Hardship Letter Requirements — News and Help on Attorney Negotiated Bailout Package – Real Estate Foreclosure Scams and Bankruptcy Prevention – realestatemarketingthisweek.com – The Loan Modification Department at the Bank is not on your side – RealEstateMarketingThisWeek.com Part 5 – Welcome back once again my guest Brett Fallon, Brett is a regular guest on the show, he is a registered financial consultant with RG Capitol and AIG Financial Advisors Brett W Fallon welcome back to the show. It is nice to have the financial advisors perspective on some of these things so many people dont have a financial advisor so for thousands and thousands of people listening right now you are their only option for that, financial advisory services are typically not for the masses but again you are here to help and your services are available to quite a number of people you actually work with fortune 500 companies is that correct? Yes, I do a number of workshops for fortune 500 companies that are headquartered here around the valley, the idea is to help people create efficiency with all assets, understanding that their home and home mortgage is typically the largest asset that most Americans have and if you are not treating that with efficiency, the retirement accounts and investments accounts, and all the other stuff has to work in concert, so Im happy to weigh in with information …

Credit Card Affiliate Program Marketing Network – Cash Flow From Credit Cards – afflixcc.com Tags credit card affiliate program marketing network cashflowfromcreditcards.com cash flow from credit cards afflixcc.com afflixcc credit card promotion deal creditcards.com credit-land.com affiliatescout.com affiliate scout 100 best affiliate program affiliatewatcher clickslink assoicateprograms affiliate tips

realestatemarketingthisweek.com – Avoid a foreclosure on your credit report, short sale your home and save your credit Part 8 – Ok, so that is good to know, I know there are people who want to try and do that and I really dont know. I am really a full time mortgage professional, I didnt get into the loan modification business on purpose, we write mortgage loans, real estate loans for residential and commercial, so therefore I dont know your laws on the same token you dont do loan modifications and you dont write loans, youre professional realtor. Exactly, and one more thing, bottom line is you cant be defrauding the bank. Because then youre stepping into mortgage fraud, as you know. You do have to have a hardship, you honestly do have to show, if youre going to be benefiting from staying in the home, you have to show a hardship that you cant afford the current payment. If youre making a couple hundred thousand a year and have a ½ million in the bank and owe 0000 the bank isnt on your side in that case. There are a lot of situations though when a homeowner wants to stay in their home, if that is the case, then we market it to investors, because there is a lot of the people who are buying these homes so we work with the investor and we work out the lease amount and the homeowners can stay in their homes in those situations. Whatever it looks like at the end of the day, the homeowner needs to picture where they are going to be in the short term midterm and long term and …

realestatemarketingthisweek.com – Short Sale Objections, Advantages and Hardship Letters; Keeping the Home Owner in the Home helps fight vandalism – Part 3 – One of the things I mentioned at the beginning of the last segment is this special allotment of funds that we received from one of our mortgage banks that we currently have available, a 30 year fixed, no pre payment penalty this is the real deal just what youre looking for a 4.875% interest rate with an APR of 4.95% and that is available we do have people at the office right now if you have questions in regard to that they can answer them for you. You would call 480-Velocity Michael, I have some clients who are buyers that would love that rate. Is that available to buyers as well? Actually, yes its that rate is for a no cash out refinance, no higher than 80% LTV, they have to have perfect credit to hit this number but even in some cases, well with this particular loan there are some closing costs, but one of the things we have available too is a no cost option and that interest rate is for people who are doing the purchase or refinancing and that rate is only 5.5%. The interest rate is 5.5% and the APR is 5.5% so that is for purchase money as well. Were back talking here with Jeri League and Kalyn Roberts, were talking about the objections to doing short sales, there is another one you wanted to point out Jeri? Yes, one more objection that people often have when we talk to them about their particular situation is …