February 14, 2012

THE 25 BILLION DOLLAR MORTGAGE SETTLEMENT. WHAT DOES IT REALLY MEAN FOR YOU?

By Timothy Stull (http://www.fresh-start.co)

THE 25 BILLION DOLLAR MORTGAGE SETTLEMENT.  WHAT DOES IT REALLY MEAN FOR YOU?

Recent press has disclosed that the US government has reached a paramount settlement with the top 5 US Banks.  However, this 25 billion dollar settlement has a lot of grey area attached within.  Listed below are the important points to understand if you are facing foreclosure and seeking mortgage help.

  1.  This settlement does NOT stop foreclosure proceedings.  Foreclosure proceedings are expected to speed up.  Banks are now set free from any future any law suit liability and will be proceeding aggressively with foreclosure activity.
  2. The banks have 3 years to settle on any and all cases.  They will stall for an extended period of time if they are given the opportunity.  You will need aggressive representation to push them along.
  3. Only 1 out 11 home owners will receive a principal reduction.  The only way to get to the front of that line is with proper representation.
  4. Interest rate reductions / loan modifications are still at the discretion of the mortgage lender.  Ultimately, you will need aggressive representation to complete any type of loan work out.  Again, the mortgage lenders are off the hook for any future law suits.

If you think this 25 billion dollar settlement is the “magic bullet” that will save your home…..think again.  The added dynamic of the settlement only complicates the playing field for the future.  You will need an aggressive expert in your corner to get the best loan modification deal possible.  We have been in the loan work out / foreclosure prevention industry for 11 years.  We are aggressive and know how to get the job done.  We will call your lender FREE of charge…no strings attached.  If you are tired of the loan mod runaround….tired of all the lame excuses from the banks…..tired of the overall maze of confusion….then you need to call us at 877.297.7011.  You can also fill out the attached authorization form and fax it direct to 877.722.7177.  We will contact you bank right away ~ ABSOLUTELY FREE OF CHARGE.

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