Eliminate Your Mortgage
One of the best approaches to solving financial trouble is to reduce or eliminate your mortgage.
Banks and other mortgage lenders do not typically work with you to ease the financial burden of a mortgage without the threat of foreclosing on your home or property.
Most homeowners are told that they should have borrowed less money from the onset, refinance to obtain a lower interest rate, increase the frequency of your mortgage payments, or pay ahead each month towards the loan principal rather than just the interest.
Of course, if you have poor credit and are unable to use those finance options, you are out of luck.
If you do choose to sell your property to avoid foreclosure, but due to a lull in the real estate business, the sale does not generate enough cash to pay off the balance of your mortgage, President Bush passed a law at the end of 2007 that may help you.
The law makes mortgage cancellation possible for some taxpayers.
If eligible, the balance on your mortgage that exceeds the sale price of the property will be forgiven by the lender, eliminating your debt on the home and freeing you from the mortgage loan.
It is important to note that some state laws allow lenders to require repayment in the case that the borrower has additional assets (like a second home).
Surprisingly, the advantage when it comes to mortgages lies with the homeowner and not with the lender.
In compliance with mortgage and loan regulations, most mortgages are no recourse loans, meaning that in the case of a default, the lender can only recollect the property value and not seize other property or initiate a lien on wages.
For anyone in a negative equity home, defaulting is rational even if you can still afford your monthly payments.
You can use this to your benefit to get out of a depreciating home and into a better mortgage settlement.
Our mortgage settlement program completely removes the mortgage obligation in 90 to 180 days.
We utilize little known bank laws which exposes the fraud that all lenders commit when they create a mortgage.
Until the real estate market bounces back, families will be burdened with properties that have depreciated in value making mortgage refinancing unfavorable.
We have quietly completed hundreds of cases.
Why would you work with a banking or finance professional to find a solution for just lowering your payment when you can totally eliminate it legally?
Banks and other mortgage lenders do not typically work with you to ease the financial burden of a mortgage without the threat of foreclosing on your home or property.
Most homeowners are told that they should have borrowed less money from the onset, refinance to obtain a lower interest rate, increase the frequency of your mortgage payments, or pay ahead each month towards the loan principal rather than just the interest.
Of course, if you have poor credit and are unable to use those finance options, you are out of luck.
If you do choose to sell your property to avoid foreclosure, but due to a lull in the real estate business, the sale does not generate enough cash to pay off the balance of your mortgage, President Bush passed a law at the end of 2007 that may help you.
The law makes mortgage cancellation possible for some taxpayers.
If eligible, the balance on your mortgage that exceeds the sale price of the property will be forgiven by the lender, eliminating your debt on the home and freeing you from the mortgage loan.
It is important to note that some state laws allow lenders to require repayment in the case that the borrower has additional assets (like a second home).
Surprisingly, the advantage when it comes to mortgages lies with the homeowner and not with the lender.
In compliance with mortgage and loan regulations, most mortgages are no recourse loans, meaning that in the case of a default, the lender can only recollect the property value and not seize other property or initiate a lien on wages.
For anyone in a negative equity home, defaulting is rational even if you can still afford your monthly payments.
You can use this to your benefit to get out of a depreciating home and into a better mortgage settlement.
Our mortgage settlement program completely removes the mortgage obligation in 90 to 180 days.
We utilize little known bank laws which exposes the fraud that all lenders commit when they create a mortgage.
Until the real estate market bounces back, families will be burdened with properties that have depreciated in value making mortgage refinancing unfavorable.
We have quietly completed hundreds of cases.
Why would you work with a banking or finance professional to find a solution for just lowering your payment when you can totally eliminate it legally?
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