Why Finding Down Payment Assistance Programs are a Must in Today’s Market.wmv
On this week’s Preforeclosure Daily Grind “Tip of the Week” we dive into why looking for a Down Payment Assistance Program in your state maybe the best option for a cash starved buyer for our short sale properties. Listen in as we not only cover this but also the differences between a “Down Payment Assistance Program” and a standard “FHA Loan Program”, IBM’s entrance into the mortgage servicing world and how quick they are processing their short sales. We also discuss how NOT to approach a phone call in which you’re trying to obtain information from someone you’ve never spoken to before, and much more.
Duration : 0:7:12
USDA RURAL DEVELOPMENT GURANTEED LOAN PROGRAM
THE ONLY TRUE 100% NO MONEY DOWN PROGRAM AVAILABLE ON THE MARKET. NO MONEY DOWN , NO MORTGAGE INSURANCE, MINIMUM CREDIT SCORE, VERIFICATION OF 2 YEARS OF EMPLOYMENT AND INCOME, AND 1 YEAR CREDIT CHECK TO SEE IF PAYMENT ARE ON TIME.
Duration : 0:2:12
Real Estate Gig Harbor… Home Buyers Down Payment Assistance
Did you know that there is money out there for a down payment on a home?? Well, just about every city, every county, and the state have a program for down payment assistance. I want to help you find the best loan choice for you. Contact me today www.staciasellshomes.com
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Duration : 0:2:18
Tax on Short Sale, Loan Modification and Foreclosure – 1099c Cancellation of Debt Income
http://realestatemarketingthisweek.com – If facing financial issues make sure you hire qualified help, mortgage broker, financial planner, CPA and attorney – http://realestatemarketingthisweek.com
Part 8 – So with the real estate market, we know here in Arizona, there are literally hundreds of thousands, maybe millions of people that are confronted with a very difficult decision, declining home values, upside down in the home, the home value is worth much less than they actually owe, we need to give them options. If the option is foreclosure, short sale or loan modification, I would take the modification approach, most likely we would have to look at a person’s situation a little bit closely, but as I am going down some of the things that we have prepared for the show today, it looks like there are four main issues that people should know they need to consider, the cancellation of debt income, capital gains tax issue, the deficiency judgments side, and the credit report side and Mike, I know you can talk to some of these things.
But we brought up in the first segment what I think this might represent and then I think we started to talk about how Mike can help people minimize the impact of what that would look like on the tax return or eliminate based on the situation, so let’s make sure that the people know these four concerns are something they should consider as they seek advice.
Absolutely, and it’s really important that you talk to each arm of the team. You’re not going to be able to make all of these decisions just by talking to your tax guy, or your mortgage guy. They all need to be on the same page, because one of the decisions by one of the three is going to impact the other two aspects of the situation.
Mike, that’s a really good point. And thats one of the reasons why we work together, Brett and I are working together and you and Brett have been working together for years and the three of us have like ideals and also know for the most part what the ramifications are from any one of our decisions. And we make sure were able to do the very best for the homeowner every single time, whether it be tax, financial advice, or loan modification, or even refinance.
People forget that we talk so much about loan modifications. It’s kind of nice because youre listening to all these lying ads about refinancing and other crap that’s gone on out there But the reality of it is there is still money out there to lent. Were still helping people out with refinancing and refinance is the first thing people should try to do with a bank thats licensed by the federal government to do these types of high loan to value FHA type loans.
You cant muddle through the tax issues without Mike Patenella working with you, and you sure should not be making huge financial decisions without Brett Fallon and his team. So we all work hard to make sure that your ultimate goal is in your best interest.
I know were getting up to the end of the hour the show is about to draw to a close, but to just give people a sense that what were talking about today is the ability to have your personal financial situation accessed. Were going to take a look at modification options or refinance options. If your mortgage is distressed were no longer suits your needs. You’re looking to move whatever it is. We will look at your tax ramifications and Mike Patenella will be happy to go through those issues with you step by step basis. And I would be happy to take a look at your overall financial picture and give you some guidance or suggestions on things that will improve the financial situations… http://realestatemarketingthisweek.com
Duration : 0:6:50
MORTGAGE LOANS FOR BAD CREDIT
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Income and credit can be secondary consideration to non owner occupied and especially on commercial and business loans at http://www.mortgagecalculator-loan.com provide results for borrowers seeking bad credit new home loans. Hard Money Loans are collateral-based real estate loans made by private investors instead of banks. They can be funded by private individuals known as PRIVATE HARD MONEY LENDERS or PRIVATE HARD MONEY INVESTORS, trusts, partnerships, real estate investment groups and retirement funds… Hard Money Loan is actually a very simple concept. It is the provision of an actual cash loan made to a borrower by a PRIVATE HARD MONEY LENDERS.
Hard Money Loans are funded for business and personal use. The real estate asset may be business or personal property, and the proceeds of Hard Money Loans are not restricted to business use.
Creative lending solutions are needed for borrower’s who have low credit scores, low income, no cash flow or are in need of a quick closing! Hard Money Loan can finance single family, commercial property – HARD MONEY COMMERCIAL LOANS, unimproved & improved property of all types – HARD MONEY CONSTRUCTION LOANS including land purchases, developer lots or raw land – HARD MONEY LAND LOANS.
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Private investors in Ohio, Florida, New York, Texas, Arizona, California and all 50 states Residential or commercial loans constructions loans and even land loans at http://www.lendinguniverse.com/fast_commercial_hard_money_loans.htm for borrowers looking for mortgage loans for bad credit and or bad credit home purchase loan.
Duration : 0:0:15
Mortgage Assistance : How Much Equity Do You Need to Get a Second Mortgage?
The way banks determine the lendable equity for a second mortgage is with a loan to value calculation. Discover why a bank may only offer 90 percent or less of the original loan amount on a second mortgage with help from a financial specialist in this free video on mortgage assistance and personal finance.
Expert: Matthew McKillen
Contact: www.innovativefg.com
Bio: Matthew McKillen has more than 21 years of industry experience in arranging loans for his clients.
Filmmaker: Christopher Rokosz
Duration : 0:1:29
Lease To Own NB – Bad Credit/No Credit Mortgage Solutions
LeaseToOwnNBhttp://gdata.youtube.com/feeds/api/users/leasetoownnbEducationmortgage, credit, real estate, reatlor, broker agent, housing, lease to own nb, rent to own, moncton, nb, fredericton, saint john, rental, rent, own, bad credit, sean power, lease to ownLease To Own NB – Bad Credit/No Credit Mortgage Solutions
Duration : 0:1:46
How to buy a home with zero down in Vancouver with mortgage broker Mark Fidgett
A MUST see if you want to buy a home with zero down. http://www.notapennydown.com How to buy real estate in Vancouver with Zero down? With Vancouver Mortgage Broker Mark Fidgett
Duration : 0:3:24
Seller Financing: How to do No Money Down Real Estate Deals with Kevin Toston and Lou Brown
These “No Money Down” deals are actually seller financed properties. That means that instead of paying the seller the entire purchase price at settlement, when you close the deal (which is the typical scenario) you will actually pay the purchase price in increments over time. Just like you pay a mortgage payment. The key to doing this is negotiation with the seller.
Watch this video of REI veteran Lou Brown discuss how he goes about convincing sellers to seller finance properties he’s interested in purchasing. Lou Brown has been investing for over 30 years and has never used a bank loan for his investment properties.
Check out the video and continue to visit http://www.REIforLife.com for free tools to help you explode your real estate investing business.
Visit http://www.REIforLife.com now for a FREE Audio Download detailing 7 Surefire Methods to Add 100+ Cash Buyers to Your List IMMEDIATELY!!!
Duration : 0:4:55
Mortgage Loan Modification 5 – Home & Real Estate Marketing Nov08 – Loss Mitigation works for Banks
Attorney Negotiated Mortgage Loan Modification for Home Owners. Expert Advice on Real Estate and Finance. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To http://RealEstateMarketingThisWeek.com
Part 5 (Excerpt)
The Loss Mitigation Department at the Bank is not on your side
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 and give you my viewpoints and my perspective.
We were talking just a few moments ago about utilizing an expert negotiator when trying to do a loan modification, people are getting mail from bogus service sources, we have already covered that, but from their servicers saying if you need help with your mortgage, help is here, give us a call. Im certainly not going to tell everyone in the world that they cant do their own loan modification because some people are qualified to negotiate on their own behalf, though in my opinion they will still be emotionally attached to it and if they hear something that sounds good, it may be enough for them to essentially bite at the offer which is exactly what the loss mitigation department wants you to do.
It goes back to the disinterested third party, that expert negotiator, negotiator being the key word in that phrase. One of the things we were talking about and I want to make sure that we address this especially in this segment, we are talking about loan modification of mortgages of people that have some financial constraints, some pressure whatever the source of pain is, for them knowing that this option exists to take an existing mortgage loan and modify it to their best or better interest, from what it currently is, so who should and who should not do a loan modification, lets start with that.
Ill tell you and lets start with people who shouldnt do a loan modification. Someone who thinks their interest rate is too high and owes more than the house is worth, feels that they are entitled to a loan modification, is not really a good enough reason or a hard enough hardship for those types of people unfortunately. This is essentially a handout that is being offered because of some of the malpractices, if you will, that were happening within the mortgage industry over the last several years.
With these big huge banks offering these products that were teaser loans, toxic mortgages, as we call them now. We certainly didnt call them that then when the consumer calls me up and says I want that 1% loan thats going to be my ticket. Unfortunately people took theses loans but what they didnt realize is that someday this loan with the ridiculously low interest was going to reset and their payment was going to quadruple and who on earth could have known that the economic times would be as bad as they are and they would have no option to get out of these loans.
So someone who simply finds themselves upside down on their home, owing more on the house than the actual value of the house, does not necessarily need to consider a loan modification. No they may not qualify on those merits alone in most cases.
I just want to make a point, I was reading an article in the wall Street Journal about this stuff and basically the gist of the article was that the average foreclosure on any property in the United States costs the lender $50, 000 from start to finish…
Duration : 0:5:26
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