HOME OWNERS UNDER DURESS

							HOME OWNER’S Under Duress Possible outcomes  Refi-possible 105% FANNIE MAE/FREDDIE MAC  Modification  Short sale  REO John, we are helping many homeowners figure out how to solve their mortgage problems. Some home owners are going to be able to take advantage of the government programs and others aren’t. The first step is to identify where we are and then develop a plan. It would really help me help you if I could ask you a few questions.

1.Questions to ask owners  How much do you think the house is worth?  How much do you owe on your home?  What is your Mortgage balance(s)? i. Interest rate ii. PMI Insurance iii. Type of Loan iv. Lender name 2. Do you have any funds set aside to possibly use to fix some of the Mortgage problems? 3. Are you current on your payments? 4. Has your income changed since you took out the mortgage? 5. What do you do for work? (are you self employed?) 6. What is your Ultimate Goal and your Biggest Fear? Thank you. I will touch base with you in a few days to let you know what I have come with and to schedule a meeting to discuss your options. In the meantime, you might solicited by companies that are promising to fix your problem by paying them cash up front. Most of the firms are not operating legally and I would recommend that you not pay any advance fee to anyone. When we get together I might recommend that you speak with someone other than myself but it most likely be an approved HUD non-profit agency and they do not charge for their services Do you have any questions at this point? Thank you for allowing me to help I look forward to meeting you.. I will call soon.