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June 15, 2009

California Residential Mortgage Foreclosure Moratoriums Went Into Effect on June 15, 2009

The bill can be found here.  The regs can be found here.  Borrowers get an additional 90 days if the lender has not implemented a sufficent loan modification program.     

The California Dept of Corporations information including FAQs and the Application for an exemption can be found here. 

June 15, 2009 in Legislation | Permalink

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Posted by: Abril | Jun 22, 2009 5:57:19 AM

UPDATED: Specific recommendations to take advantage of Barack Obama's $75 Billion Loan Modification Plan, The Homeowner Affordability and Stability Plan(HAMP Program)
WARNING: Do not pay a Loan Modification Company $1500-$3000 to simply fill out the forms included in this kit.

“GOOD NEWS for homeowners facing foreclosure: AT LAST! a complete Loan Modification Kit which provides insider tips and easy instructions on how to stop the foreclosure process and SAVE YOUR FAMILY’S HOME. ” Guaranteed or you PAY NOTHING.

http://www.foreclosuresmedic.com

Posted by: Alex Villa | Dec 2, 2009 7:41:49 PM

Obama's Loan Modification Plan - Homeowner Affordability and Stability Plan (HAMP)

The $75 billion Homeowner Affordability and Stability Plan was passed into law by President Barack Obama. Here is what you must know!

Determine if you are Eligible for your share of the $75 billion Bailout?

1. Do you live in the home?
2. Is your current loan amount within ($625,500 in high cost areas and for other areas $417,000)
3. Are your current house payments more than 31% of your gross income?(The Complete Loan modification kit will automatically calculate all financial ratios your lender may want to see)
4. You must be able to show you have current income?

If you answered yes to these questions there is a good chance you will qualify for a loan modification under the terms in the Homeowner Affordability and Stability Plan.

Apply for a Loan Modification (Order and Instantly Download the Complete Loan Modification Kit)

You must act quickly; millions of American's will be trying to get a piece of the bailout! The sooner you act the better your chances are of receiving a loan modification. However, it is important to ensure that you have all your documentation in order so that when you do reach your lender they will be able to process your request quickly.
So in step 2 first prepare all documentation required by your lender then contact them. The Complete Loan Modification Kit has all document templates, forms and checklists your lender may request. With the Homeowner Affordability and Stability Plan if your loan qualifies there is a good chance that the lender will contact you. Be certain that the person claiming to be your lender truly is! But there is no guarantee your lender will contact you, therefore it is in your best interest to be proactive and contact them.

http://www.foreclosuresmedic.com

Posted by: stephen lodge | Dec 2, 2009 8:05:00 PM

Obama's Loan Modification Plan - Homeowner Affordability and Stability Plan (HAMP)

The $75 billion Homeowner Affordability and Stability Plan was passed into law by President Barack Obama. Here is what you must know!

Determine if you are Eligible for your share of the $75 billion Bailout?

1. Do you live in the home?
2. Is your current loan amount within ($625,500 in high cost areas and for other areas $417,000)
3. Are your current house payments more than 31% of your gross income?(The Complete Loan modification kit will automatically calculate all financial ratios your lender may want to see)
4. You must be able to show you have current income?

If you answered yes to these questions there is a good chance you will qualify for a loan modification under the terms in the Homeowner Affordability and Stability Plan.

Apply for a Loan Modification (Order and Instantly Download the Complete Loan Modification Kit)

You must act quickly; millions of American's will be trying to get a piece of the bailout! The sooner you act the better your chances are of receiving a loan modification. However, it is important to ensure that you have all your documentation in order so that when you do reach your lender they will be able to process your request quickly.
So in step 2 first prepare all documentation required by your lender then contact them. The Complete Loan Modification Kit has all document templates, forms and checklists your lender may request. With the Homeowner Affordability and Stability Plan if your loan qualifies there is a good chance that the lender will contact you. Be certain that the person claiming to be your lender truly is! But there is no guarantee your lender will contact you, therefore it is in your best interest to be proactive and contact them.
http://www.foreclosuresmedic.com

Posted by: randy stickler | Dec 2, 2009 8:25:37 PM

Nice Article; Obama loan modification is the federal government’s answer to the rising need of preventing foreclosures for American homeowners. http://www.obama-loanmodification.com

Posted by: Chris parkeru9 | Dec 16, 2009 2:34:58 PM

Great article, Thanks , but the Obama loan modification is the federal government’s answer to the rising need of preventing foreclosures for American homeowners.

Posted by: Samanta shilly | Jan 9, 2010 5:32:19 PM

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