Friday, March 06, 2009

Mortgage relief program March 4

If you want more information on the mortgage relief program and if your home qualifies, you will need to determine if Fannie Mae or Freddie Mac own your loan. 3 major banks are also participating willingly to re-fi or re-structure your loan the banks will get supplemental monetary incentives to accomplish this.
Go to FinancialStability.gov to find out more. I will report more as I acquire details and share them.
You can read housing facts here.
It appears that if you are current on your payments you can possibly now get help and if you are late in payments you may also get help.
In the event you cannot pay and your home does not qualify to get a loan re-work, the banks are compensated to approve short sales and offer a deed in lieu of foreclosure to other homeowners.
Time and money for this is limited, so check it out as soon as possible. You will be required in most cases to have your 2008 tax return ready and your last 2 pay stubs, and other financial information. Contact your lender.


 
Barbara Adams, Realtor
Kappel and Kappel Inc
401D Davis Street
Vacaville, Ca. 95688
707-673-7500 Direct Line
707-471-4068 EFax
BarbAdamsRealtor@Yahoo.com
VacaHomes.com
VacaDixonHomes.com
"For your growing Solano family, Barbara Adams cares!"