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Thursday, March 19, 2009
New Bill
As you may have already heard, President Obama released information about his new foreclosure plan for homeowners with details to follow on March 4th. This is part two of the government's attempt to fix this housing crisis. On Oct.1, 2008, a $300 billion dollar Hope For Homeowners plan made to target approximately 400,000 homeowners has successfully helped 22 people as of January 24th. That's right, 22 people in four months (Click on this link to see a FHA report sent to Congress last month). Now with a new bill proposing $75 billion, 75% less money to use than the last bill, how will this help 9 million homeowners?
Let's take a look at the few facts already available about this new proposed bill:
1) Lenders are not required to modify loans, it is strictly voluntary. This stipulation was set in the previous bill and will remain in this one.
2) Only first mortgages will be eligible for modification. Second mortgages can NOT be modified.
These two facts alone are already telling us that this bill will result in the same type of disappointment as its predecessor and will continue to acknowledge the fact that the only way to achieve real help is through an experienced attorney-backed negotiation team. Again, my company exists for savvy clients that realize the government is not in a position to convince investors to take ridiculous losses through small incentives.
Diamond Consulting Group guarantees results. The only thing the government will guarantee is taxes. Please feel free to call me with questions or to get started with your free consultation.
P.S. Did you know that the government holds preferred shares/stocks in banks like Bank of America, Citigroup, Chase and Wells Fargo? Something to think about.
Regards,
Amy Everett
Account Manager
Diamond Consulting Group
27450 Ynez Road Ste 306
Temecula, CA 92591
Tel: 866-724-3863
Fax: 866-453-0588
Email: aeverett@diamondcg.com
Posted by amyeverett at 11:32 AM 0 comments
Thursday, February 19, 2009
Obama
Regard to the government's new plan to save homeowners. The new "Streamlined Modification Program" offered by the Federal Home Loan Agency has been created to induce servicers and banks to workout more modifications with homeowners. They currently regulate about 20% of all currently delinquent mortgages. The target date for this project is Dec. 15th, 2008. Here are some quick things to know about eligibility:
Bank/Servicer must volunteer to enter this program
Loan to Value must be 90% or higher
Homeowner must be at least 3 months (90 days) past due on their mortgage payments
Property must be an Owner Occupied property
Homeowner cannot be involved in bankruptcy
Zero chance of permanent principal reduction
To entice servicers and banks to participate, the government will be giving them $800 for every homeowner they help. Most investors will stand to lose significantly more than $800 by entering homeowners into this program. Similar to the Hope for Homeowners program, a previously failed initiative that began on Oct 1st, 2008, there is no real incentive for investors to agree to this situation and many homeowners will likely have to consider destroying their credit to find that they will not qualify for help. If you need more information about this program, please contact me by phone or email.
Regards,
Amy Everett
Account Manager
Diamond Consulting Group
27450 Ynez Road Ste 306
Temecula, CA 92591
866-724-3863
866-453-0588
aeverett@diamondcg.com
Posted by amyeverett at 10:09 AM 0 comments
Save Your Home Do Not Wait
Are you behind? Barley getting by every month? Stressed you might lose your home? I can help. I work for Diamond Consulting Group. We are backed by the Government we are regulated by Department Of Real state. And have an AA Rating on the BBB. I work in all 50 states. What I do is I have negotiators and attorneys to renegotiate the terms of your loan. We will get it as low as 40% lower a month. We will get you a fixed rate , lower Principal. It does not require credit checks, the more your behind the more we can help. Every one will qualify as long as someone IN the home has a job . Please email me I will give you information or call 1-866-724-3863 ext.257 . Ask for me Amy Everett
Posted by amyeverett at 10:04 AM 0 comments
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Amy Everett
I am thirty years old , my passion is for writing. I am a single mom who is trying to publish her book please check me out on www.notesandnotes.com. Amy everett ... I am here to answer any questions you have. Please see my Post Ask Amy. Thank you for Visiting!
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