According to the Federal Housing Agency’s website on 3/31/2020, Fannie Mae, Freddie Mac (the Enterprises) and the Federal Home Loan Banks are taking steps to help people who have been impacted by the coronavirus. If your ability to pay your mortgage is impacted, and your loan is owned by Fannie Mae or Freddie Mac, you may be eligible…
Tag: Loan Modification
How do I Know if my Loan is Owned by Fannie Mae or Freddie Mac?
If your loan is owned by Fannie Mae or Freddie Mac, there are certain agreements in place about loan deferments. Make sure you read my other post about deferments before making any decisions about what you want to do. The person you pay your mortgage to is your loan services. On occasion, the company servicing…
FREE Loan Modification Help Available from NACA–Save the Dream Tour is Happening Right Now in Los Angeles
NACA is the organization that was able to get me and several people I know and thousands of others great loan modifications after our banks had already denied us…and they did it for FREE! They saved me about $1620 per month!
If you only own one property (the American Dream), or one property that has a mortgage on it, then NACA may be able to help you too.
Save the Dream Tour is Happening Right Now in Los Angeles and they have others coming up all over the country. Check out NACA.com to find an event near you.
Livermore Real Estate Market Update–Probably have not hit bottom yet
Livermore home prices are not increasing. The first half of 2010 had increases in home prices, but there has been a steady decline in home values since the second half of 2010. Home values are now at Sept. 2009 and 2003 values. Struggling upside down homeowners may need to modify their loan or short sale since the option of waiting for home prices to increase so they can do a regular sale is probably not going to be an option anytime soon. Robin Watson-Bird specializes in short sales and is happy to give free consultations to homeowners in Livermore, Alameda County, Contra Costa County, and parts of San Joaquin, Santa Clara, Solano and other counties.
Congress Extends Tax Credit Closing Deadline Until September 30, 2010
Congress Extends Tax Credit Closing Deadline Until September 30, 2010 Congress has passed a bill to give homebuyers another three months to close on their home loans and receive tax credits up to $8,000. The bill applies ONLY to homebuyers who met the April 30, 2010, deadline with a signed contract to purchase a new…
“What is a Short Sale?”
Every Day I am asked “What is a Short Sale?,” So I Thought I Would Talk About Them Here If the value of your home is less than you owe on it and you need to sell your home for some pressing reason (maybe you lost your job, you need to relocate, are getting a…