What They Want to Know About You
Obama Foreclosure Plan

Just homeowners that are going through real hardship will qualify for the Obama Home Affordable Modification Program ( HAMP). Homeowners who are expending a big percentage of their income in housing expenses, homeowners that due to other circunstances ( high credit card debt, reduction of income, etc) cannot afford their mortgage payments, etc. If you are thinking in applying to the program you need to be ready to show many documents and support your case. The information that they will require when are qualifying you for the Obama Foreclosure Plan is:

* Information about your income (before taxes)
* Your income tax returns. Some lenders will want to see the most recent. Others will ask for up to 3 years
* Information about your savings and other assets
* Information about your mortgage. A mortgage statement is enough
* Information about lines of credit and other loans that you have against your home.
* Account balances and minimum monthly payments due on all of your credit cards.
* Account balances and monthly payments on all your other debts such as student loans and car loans.
* Hardship Affidavit for the Obama Mortgage Plan ( click here to see what they are asking you ). In the affidavit you need to describe why your income has reduce or what your expenses increased. In other words, why you are not paying the mortgage.

Also remeber that if your debt is too high you will be required to get counseling for your debt. They will make sure that you get a lower debt to income percentage ( usually getting a debt consolidation or settlement).

If you want to be proactive and get a quote for debt consolidation click here.

 

States are complementing the Obama Modification Program
California: Longer Foreclosure Process
Florida: Negotiations in Court

Due to the wave in foreclosure homes some states are taking matter into their own hands. They are going further than the Home Affordable Modification Program created by President Barak Obama.

In Florida the courts are "requiring" that the lenders try to negotiate with the homeowners a settlement before they can foreclosure the home. Success rate 71% of homeowners avoid foreclosure getting a Loan Modification ( Read more about Stop Foreclosure in Florida here)

In California , the state government implemented the California Foreclosure Prevention Act. The act has modified the foreclosure process making it 90 days longer. The extension is a tool that the government is using to press the lenders to negotiate a Loan Modification with the homeowners in risk of foreclosure or already in the process. ( Read More about Stop Foreclosure in California here)

The new California law, like the Obama plan, let servicers determine whether a foreclosure or a loan modification is more cost-effective and they can pick the cheaper option

90 Days of Plan Obama ( Loan Modifications)
270,000 Foreclosures Stopped in April

The Home Affordable Modification Program that the government of President Obama Launch on March 4 has been implemented for 3 months (90 days) and we are starting to see the results.

• There were 270,000 stopped foreclosure in April according to the Hope Now Alliance.
• 127,000 homeowners completed Mortgage or Loan Modification
• 143,000 completed a repayment plan

Under the new Obama Plan Home Affordable Modification HAMP homeowners are in a trial period of 3 months before the loan modification is consider completed. The number Loan Modifications in the following months will increased substantially. We have passed the first 90 days needed to complete a Loan Modifications. Under the new Obama Plan homeowners in risk or already facing foreclosure have 2 options to keep their home:

1.Affordable Loan Modification:

A modification occurs any time any term of the original loan contract is permanently altered. This can involve a reduction in the interest rate, forgiveness of a portion of principal or extension of the maturity

2. Affordable Refinance:

Homeowners that have equity in their homes and are current with the payments may be elegible for a Refinance. A refinance occurs when a NEW mortgage is issue. The new mortgage will be backed by the FHA.

Homeowners are invited to Reach Out for help and stop foreclosure

On April 8 the government also launch an aggressive campaign to encourage homeowners to keep their homes and prevent foreclosure. The campaign is called "Reach Out" and it target mainly homeowners that are more than 3 months behind in their mortgage payment.

Wisconsin, New Jersey, Texas, South Carolina and Florida are some of the states were the campaign will be implemented initially. The government want homeowners to look from help from legitimate housing counselors.

The government is directing homeowners mostly to non-profit organization that don't charge a fee for their services. Homeowners, however, shouldn't let a small fee stop their efforts to stop foreclosure and save their homes. The government campaign has mailed [only] 900 letters from but will be sending more.

We at StopFreclosure.com can provide you with a list of the non-profit agencies that are HUD-Certified and close to your home ( fill out the short form on the rigth). Please keep in mind that those agencies are overwhelmed and for some homeowners , specially those that are already late, waiting is not an option. We want to suggest you to get a FREE consultation from a PRIVATE AGENCY. Fill out the long form on the right and a professional Loan Modification officer will contact you and explore your options to stop foreclosure and have access to an affordable Loan Modification or Refinance.

President Obama Expands His Mortgage Plan
Second Mortgages Will Be Cover

One of the features of the Obama Mortgage Plan or Home Affordability Program was that it just covered the first mortgage or lien.

The original plan offers homeowners in risk or already facing foreclosure the options of “Affordable Refinance” for those current on their payments and with some equity in their home or “Affordable Loan Modification” for those homeowners that are late on their payment and/or upside down ( owe more than the house is worth).

With the Obama Plan the homeowner will receive an “affordable mortgage payment”. The goal is that the homeowner spend 31% of the gross income in housing (mortgage payments, escrows, HOA, etc)

The program that started on March 4 is already working but some problems have arisen: it is hard to lower the total housing expenses to 31% when there is a second lien that the
lenders don’t want to negotiate, lower or modify. And 50% of the homeowners is risk of foreclosure have second liens.

To solve this problem the government has created the Parallel Second Lien Program. Under this modified Obama Foreclosure Program , when a Home Affordable Loan Modification is initiated ( on the first mortgage ) the lender that owes the second mortgage will automatically lower the payments according to some set of rules that the government has established. If the lender doesn’t want to lower the payment they have the option of accepting a lump sum as a payment ( to continue reading about the new changes in the Obama Mortgage Affordability Program please click here)

President Obama is looking also for the integration of the Hope for Homeowners Program into the Home Affordability Program. This will be wonderful news for homeowners that owe more than what the house is worth. (to continue reading about the changes in the home for homeowners program please click here)

 

Obama Stimulus Package
One Month and Showing Results

It has been one full month since the start of the "Home Affordability Program " or Obama Bailout for Homeowners. Now we know how the program works and if it us as homeowners will benefit from it or not.

The program has shown to be very successful. Unless the other programs that ex-president Bush created ( Hope for Homeowners, FHA Secure, etc) lenders are embracing this program. The plan is also good for homeowners because it is easier to qualify. We have posted here the official Questions and Answers of the Obama Mortgage Plan for you to read

The fact that the government is requiring lenders to work with the Obama Plan and also giving them "cash incentives" is a sign that better times are coming and that a big number of homeowners ( according to the government 40%) will save their homes from foreclosure.

You will benefit from the Obama Stimulus Plan if you get one of the following 2 options

1. Refinancing
2. Loan Modification

1. Refinancing Option:

A regular “Mortgage Refinance “requires that the homeowners have 20% of equity in their home and good credit. If that's you don't miss the opportunity and do it. You will take advantage of the lowest interest rates in history: as low as 4.5%.
If you refinance a $200k mortgage and lower the interest from 6.5% to 4.5% you will be saving $251 a month!!

Under the Obama Mortgage Plan you can refinance even if you don't have the 20% equity. You need to be current on your payments, have good credit and have a mortgage guaranteed by Fannie Mae or Freddie Mac. If you believe you qualify you Refinance with a Government Backed Secure FHA Loan and get the best rate and lowest mortgage payment possible.

2. Loan Modification Option:

This is the option for the rest of us; who are struggling to make the mortgage payment. This is the option that Obama hopes will benefit million of homeowners.

What the Loan Modification Option gives you is a mortgage payment that including principal, interest, taxes, insurance and homeowner's association dues, if applicable is affordable for you. The government thinks that 31% is affordable.

There are differences between a “regular loan modification” and an “Obama Modification”. The qualifications are different, the process is different and the evaluation process is also different. You can read here a small summary of the whole Obama loan modification process.

We would like to announce that HopeNowMortgages is moving to StopFreclosure.com ( There is a misspelling. It is stop freclosure ( without the first o in foreclosure) - Please put www.StopFreclosure.com in your bookmarks

9 Million Homes will be Saved
Obama Mortgage Relief - Stop Foreclosure Plan

The Government of President Barack Obama has unveiled a new Homeowner Affordability and Stability Plan. The plan is one tool more that the government has to stop the wave of foreclosures that has engorged millions of homeowners. This program also is strengthening the Hope Now Programs that are in use today. The government will publish the guidelines for the new programs on March.

The new plan has 3 different approaches to stop or avoid foreclosures:

1. Refinancing for Responsible Homeowners
This will help homeowners that are current in their payment and have less than 20% of equity in their home

2. Mortgage Relief – Stop Foreclosure ( $75 Billion Plan)
a. Loan Modification that give mortgage payment of maximum 31% of income and incentives for borrowers, lenders and services.
b. Guides for Regular Loan Modifications
c. Required Participation by Financial Institutions that receive government money
d. Modification of Home Mortgages during bankruptcy
e. Strengthen of Hope for Homeowners , Streamline Modification Program other FHA and Hope Now programs
f. Support for local communities and displaced renters

3. Strengthening of Fannie Mae and Freddy Mac

In the new plan there are help for everybody. You can read more details about how it works, how you can benefit and basic qualifications by clicking here.

 

STREAMLINE MODIFICATION PROGRAM
PLAN THAT MODIFY LATE MORTGAGES

The Streamline Modification Program (SMP) will MODIFY mortgages for homeowners that are at least 3 months late in their mortgage payment. The new modified mortgage payment has to be 38% of the homeowner income or less. The new modify mortgage will be backed by the FHA
New Mortgage?: No, but now it will be FHA backed
New Amount: Same than before but different way of payment.
New Payment: 38% of income or less
Dates: Starts on December 15, 2008
The program is more complicated than this. Please read complete information going to our page Streamline Modification Progam or click here for more information

HOPE FOR HOMEOWNERS
NEW PLAN TO CHANGE OLD MORTGAGES FOR NEW FHA LOANS

The HOPE for Homeowners Program (H4H) will REFINANCE mortgages for borrowers who are having difficulty making their payments, but can afford a new loan insured by HUD's Federal Housing Administration (FHA).
Maximum Loan: $550,440
New Mortgage?: Yes, an FHA backed
New Amount: 90% of appraised value of the home
Difference between New Loan and Old Loan(s) : MUST be waived by lenders and liens holders
Dates: October 1, 2008 to September 2011
Thing to Know: The Borrower will SHARE future equity with the FHA
The program is more complicated than this you need to read more about the Hope for Hopeowner Program and check if you qualify here

If you refinance your home through the Hope for Homeowners Program you will not owe any payments, fees, penalties or other debt on your existing mortgage(s).

BAILOUT PLAN - ARE WE WINNERS OR LOSERS?

The congress has passed a bill that is known as Bailout Bill of Wall Street. The famous $700 billion dollars. But what it is? How it works? Is it really that bad? Is it really that necessary? How will it affect us?

Here it is what the bill is suppose to do:

Give up to $700 billion to Tresury Department to purchase trouble assest ( Mortgages ) that are weighing down the U.S. financial system. The money will be given in 3 installments, starting with an initial $250 billion (for the next $100 billions the President should ask and report to Congress. For the final $350 billion, the President must request the authority through a written report to Congress.)

The Treasury Department will decide from whom they will purchase the assests. They plan to buy the lowest priced ones first.

Impose restrictions on the salaries received by executives whose companies are selling some of their bad assets through the government's purchase program.

Require the Treasury to provide details of its purchases within two days of the transactions; various oversight boards would be created to monitor the operation of the program.

Give taxpayers ownership stakes in companies whose bad assets are purchased. After five years, if the government is facing a loss in the program, the president would be required to submit a plan recommending how the money can be recouped from financial companies.

Establish a program for banks to buy government insurance that would cover the principal and interest on certain troubled assets, rather than selling them outright. Premiums would vary depending on the assets' risk profile.

Temporarily (until 2009) raise the cap on federally insured deposits from $100,000 to $250,000.

We are not going to list here the other "pork" or additional tax relief that the congress approved and that don't have any relationship with the financial crisis.

Pros and Cons of the Bailout Bill:

Pros of the Bailout:

We have to do something. If the government dont act most of the banks and financial institutions will go down and wont be any money in the streets. We could not use our credit cards. If we want to buy a mattress, a car, a trip even medicine we will have to use cash.

Thousand of people will be unemployed. First the thousands that work in the banks that are going bankrupt and then the thousands from the business that will be affected.
The prices of the houses will keep going down. If you are like me you will see the value of your property go to levels lower that the one in 2001!!
Without jobs and losing their houses many people will go homeless

Also the Bailout "may" help homeowners that are having problems with their mortgages. Some Banks may decide to settle foreclosure cases faster ( renegotiate the mortgages ). The goverment continue its work with the Hope Now to help homeowners to prevent foreclosure. If you want to explore this option don't forget to fill out the form so we can put you in contact with an agency that is working with a program like this.

Cons of the Bailout: :

This bailout will benefit mostly rich investors ( with millions in the stock market) and wall street institutions.

They created this mess and they are the only ones being rescue. During the last 8 years they gave credit to everybody and that make the prices of the real estate elevate.
When people couldnt afford the overprice houses they created ARM or Sub-prime mortgages so they could loan the money and then they sold the risky mortgages to other people
Today the government will buy those risky mortgages so they dont lose more money. Everybody make bad decision (homeowners and banks ) but the government is coming to rescue just the banks.

The bailout bill will directly cost about $3,000 per person over 18 in the U.S. You can add that to the balance of your credit card.

The indirect costs which are even higher is the lost of equity and value of our homes, the lost of income of the people without jobs and the lost of value of the dollar ( which makes everything imported more expensive: gas, food, etc)

Now who are the losers and the winners from his bill?

* Biggest Winner: Wall Street, Banks and Financial Institutions.

Wall Street and Banks: they are the biggest winners because for them the new bill means survival.
Banks at risk (almost all oft them) will be able to sell the mortgages ( or securities which are a bunch of mortgages) to the government ( Treasury Department). They are selling these mortgages very cheap (cents on the dollar) and they will get some money that in turn they will lend to regular folks (like you and me) and to businesses.

Other Winners:

People or businesses that need to make loans ( for cars, furniture, credit cards, etc) and now will find available money

Treasure Secretary Henry Paulson and Fed Chairman Ben Bernanke: they have change Wall Street. Their name will be remember in the history books

Investors: this includes the millions of people with stocks in their retirement accounts. The new bill is preventing the markets to collapse and sending the value of stocks to the floor.

* Biggest Loser: Tax Payer

Tax payers: will have to pay for this bailout and we will see taxes increase and/or programs be cut. In the short term we will pay the price. In the long term if everything works fine we can even make some profits. If the plan doesnt work well.

Other Losers:

Top executives of financial institutions in problems. They will have some oversight in the salaries that they give themselves. We don't have to worry about them they have lots of savings thanks to the bonuses and huge salaries that until today they were getting. This apply just to the banks that will sell mortgages to the government .

Homeowners facing Foreclosure: sorry there is not any help for you here. This bill is target to help with the financial crisis no the housing crisis. But you have options in the last bill that the government created to help you avoid or stop foreclosure. To see what kind of help you can qualify for please click here.

Remember that if you want to see the list of agencies that will provide help in your city and state you just need to fill out the form on the top. We will also contact you with an Agency that is working with the plan LifeTime ( negotiate with the bank a new mortgage for a lower amount...) .

 

GOVERNMENT TAKE OVER OF FANNIE MAE AND FREDDY MAC
WHAT IT MEANS FOR US ?

Today the Government took over Fannie Mae and Freddy Mac. We have heard about it in all the channel news. But do you know what it really means for us?, Should we care?, Does this means that the Government of President Bush is doing something to help us? There is light at the end of the tunnel?  

Well, it depends in which situation you are: 
* You are buying a house:  GREAT! you will get a cheaper mortgage.  Now that the government is the backer of the institutions banks will give out cheaper mortgages.  You will need to have a substantial down payment and a good credit but the rates are going to be lower.

* You have your house in Foreclosure or facing foreclosure : this bailout doesn't mean anything for you.  The only people that are getting some relief are the "big investors" of Fannie Mae and Freddy Mac ( Big Banks, Chinese Government, etc)   You will need to check the Foreclosure Rescue Bill.   Please read my explanation of the bill ( click here ) and contact one of the community organizations that are helping.  Fill out the form on top to see the list of the organizations in your state.

* You want to Refinance your house:  if you have enough equity and good credit this take over is Good News for you.  Rates are going to be lower and more banks will offer programs for you. Please check the ads for companies that offer Refinance Services in this site if you are looking for a provider o contact us if you want a suggestion ( Disclaimer: I get paid a referal)

Please read a complete analysis of the take over here

NEW GOVERNMENT BILL - HOW IT WORKS - WHO CAN BENEFIT FROM IT ?
Foreclosure Rescue Bill ( The Housing and Economic Recovery Act )

I want to share with you what the bill is, what intents to do and more important if we can benefit from it.

The bill is intended to rescue some people facing or about to face foreclosure.
The idea is that the FHA will give them new loans so they dont have to go to Subprime lenders anymore.

But why get new loans? Many people in problems have those ARM Mortgages and they will adjust soon or have already adjusted and many homeowners cannot afford them. Also up to one third of the houses bought in the last five years are worth less than the mortgage they have.

How the loans work? First the note holder ( bank that gave you the mortgage) has to agree to reduce the amount owed on the house to 90% of the current appraised value. If they agree, the FHA will guarantee a new loan ( a 30 year fixed mainly).

Example:
In 2004 the Smith Family bought a Townhouse in Ft Lauderdale, Florida for $180,000 using a ARM Loan with a low 1 month introductory rate (1.64%) and 30 year term. The loan was to be recalculated (recast) every 5 years o when the principal is 125% of the original amount (mmm who understand this?).
For the first 36 months they were paying in average $783 a month. In the 4th year the loan was recalculated because now they owe $225,000 and the payment jumped to $2,419!!!
To make the matters worst, the house is now worth $140,000 ( price of comparable homes sold)

What the New Bill Proposes?
The Family Smith will get a New Loan backed by the FHA for up to $126,000 or 90% of the house value. The bank has to accept the new loan value. Also the smiths should be able to afford the new payment of $901 a month ( 30 year fixed and 7.5% aditional in fees, taxes and insurance). They also need to have a decent credit history.

Will the new plan work? As we can see its up to banks. In this case, if the bank accept, it will have lost up to $85,000. How about the family? Its not a bad deal for them and if they can afford the payments they can keep the home.

A normal refinance is not convenient for them and in this case I will suggest that they get legal help. They were subject to predatory lending and there are legal resources for them (click here for more info).

The legislation of the new bill is not as simple as it looked in the example in fact there are some points to be consider:

Borrowers who wish to refinance into cheaper FHA-backed loans will pay a fee of 3 percent of the loan amount at closing, either in cash or rolled into the mortgage
Borrowers will pay an additional insurance premium of 1.5 percent a year
Anyone who obtained a mortgage after Jan. 1 or whose mortgage payment is less than 31 percent of their gross monthly income won't qualify.
The maximum loan will be $550,440, according to the FHA
Participating homeowners must also share half of any future property appreciation with the FHA.
Borrowers currently behind in their payments will be eligible
Veterans are also helped by the new law, which lengthens the time a lender must wait to foreclose on a service member's house from three months to nine. Lenders to military personnel with adjustable-rate mortgages will have to wait an extra year to raise the minimum monthly payments.

How about the banks? Does it work for them? What incentive do they have to switch the loans?
The incentive lies in trading loans that are very likely to go to foreclosure for a smaller, more likely payoff.

In addition to the foreclosure prevention provisions, the new law offers:

Tax Credit one-time tax credit of up to $7,500 for first- time homebuyers. It's not exactly free money, rather an interest-free, 15-year loan. The homeowner would repay 1/15th of the amount to the government each year, $500 if they qualify for the full $7,500
Increase of the maximum FHA mortgage amount on other new loans to $625,500 for homes in the nation's most expensive markets. The limit is tied to an area's median home price.
No single borrower with an adjusted gross income of more than $95,000 or married couple that makes more than $170,000 will be eligible

[For More Info, click here...]

IF YOU WANT TO JOIN OUR MAIL LIST (Receive Update Information and News about new programs or anything that can affect us in reference to the mortgage, foreclosure, house, etc. Please fill out the form on top).

Goverment Announced Plan Life Line
Pause Foreclosure for 30 days - Here how it works!

The Federal Goverment has convinced the biggest lenders in the country to designed a new plan to help homeowners with problems with their mortgages. The program is called Project Lifeline.

The program target ALL 90 days or more delinquent homeowners. Project Lifeline is encouraging homeowners to reach out to their mortgage servicer or counselor (fill out the form for the official list in your state) . The Project Life Line will pause the foreclosure process, where appropriate, through a single call

What you need to do to qualify for a mortgage modification?

Step 1 call your mortgage servicer.
Step 2 tell the servicer you have received the letter, you want to stay in your home and you are willing to seek counseling, if necessary.
Step 3 provide updated financial information so the servicer can explore an appropriate solution.
Step 4 if appropriate, any pending foreclosure may be paused for up to 30 days during this review process until a formal decision is made and, if possible, a plan is created.
o Step 5 If a workout plan is established and the homeowner follows the plan for three
consecutive months, their loan will be formally modified as they will have
demonstrated their ability to meet the requirements.
For more information please click here.

Check if you qualify for the Plan Life Line

There are several plans to help you with the mortgage. Do you qualify for one? Which One? Let's see

First you need to identify in which group or situation you are. The goverment has plans for everybody. You need to know to which you apply. In which group are you?

1. First Group : You have a "teaser" or introductory interest rate ( very low ) and you are NOT able to pay it. You will end up in Foreclosure

2. Second Group: You have a teaser rate that will adjust. When the rate resets and the monthly payments jump up you WILL be able to pay.

3. Third Group: You have a teaser rate and CAN refinance your house into another loan because you have enough equity. Your house is worth more than what you owe.

4 Fourth Group: You can afford the teaser rate, but CAN NOT afford a higher rate. You CAN NOT refinance because you owe more than the house is worth.

5. Fifth Group : you are already in foreclosure. You couldn't keep making the mortgage payment either because you bougth more house than you could afford, your teaser rate reset and it was too high, your financial situatio changed or any other reason.

PLANS ACCORDING TO THE GROUP

If you are part of the Second Group or Fourth Group you may qualify for the Freeze Rate Plan. Please keep making your payments on time and contact the goverment at the number 1-888-995- HOPE. If you have tried and were not able to talk to any one, we can refer you to one of the several non-profit and goverment approved agencies in your state. Please contact us filling out the form on the top of the page. You can always contact us by email at info@stopfreclosure.com

You need to apply to the freeze plan!!! For more information about the plan and to know the qualification requirements click here

Check to see if you qualify for the "Freeze Rate " Program

If you belong to the Third Group there is something for you too. The goverment created the FHASecure. This is a plan for homeowners with marginal credit who may have been late on a few house payments recently. Under FHASecure, some of these homeowners are eligible to refinance into FHA-insured, fixed-rate mortgages. If you are in this group please click in the link for more information. You can also contact us and we will refer you to a Mortgage Agency that we trust. They will offer you the lowest rate out there.

If you are in the First Group or Fifth Group there is finaly something for you. The goverment didn't have anything before because they considered that homeowners in this group were investors or people who bougth a house that they couldn't afford.
Now the goverment has created the "Plan Life Line" and it will help thousands of people like you that are being hit by the mortgage meltdown and other unforseen situations. There are requirements to qualify for this plan too.

Check if you qualify for the Plan Life Line

If you have a problem with your mortgages remember that the goverment and the banks have designed plans to help homeowners in your situation. You have a way out. It may not be the one you wish, but if you know what you have available you can decide what to do.

What Alternatives You Have?
It depens of your group. But in general they are:

1. Refinance your Mortgage: This is always an option for those who have enough equity in their house, a good credit score and a plan to stay in the house for some time.
This is the best time to buy a house or refinance your mortgage. The interest rates are very low and you can save thousands of dollars in interest. You know that you need to be careful and opt for fixed rates loans for 15, 30 o more years. If you pay just $50 more a month in a $100,000 mortgage you can cut the length of the mortgage 6 years!!!
We can put you in contact with one mortgage agency that we trust. We selected them because it was the cheapest we found and they have more than 20 years in business. Please fill out the form on top for more information.
You can also check our banners. Please compare at least 2 or 3 .
The average rates for mortgages in the last week for the whole the country are:

2. Moving your Mortgage into an FHASecure loan:
The goverment has created a program called the FHASecure that will allow homeowners that have a good credit history but can not afford their current monthly payments. To check if you qualify and know more about the plan please click here. This option is also available through some of our banners and the mortgage agency we recommend.

3. Freezing Your current interest rates for five years:
To check if you qualify please click here. If you do, you need to contact your mortgage company as soon as possible.

4. Apply to the Life Line Program:
They will pause your foreclosure for 30 days. During that time you and the bank can look for a loan that will allow you to keep the house and them to keep the loan. Everybody is losing, try to loose the least. click here to see if you qualify for the life line program

You need to act now. Don't wait until the rates go up or until you get deeper in problems. If you have additional questions please send us your email at info@stopfreclosure.com or fill out the form on top.