New Loss Mitigation Office Helps Homeowners
Joel Lhamon today announced he's joined U.S. Loss Mitigation, a
business that helps homeowners going through foreclosures deal
with lenders and keep their homes. There are several requirements that must be met before Lhamon can help a homeowner.
Millions of Americans face foreclosures and are
intimidated by banks and mortgage companies and they fear losing their home and destroying their credit.
Qualifications to work with Lhamon:
* Missed at least two payments
* Must have temporary hardship i.e. job loss, divorce, death,
illness,
* Hardship must be past them
"Homeowners are often victims of investors who only want to strip them of their equity and not really help them, especially if a client has fallen on tough times. There's a very good chance that we can help them with a resolution that both borrowers and lenders can live with and since lenders typically lose $20k when someone foreclosures because of rehabbing, attorneys fees, listings, etc.," says Lhamon
Lhamon is able to help homeowners all over the country and
typically only charges fees equal to one mortgage payment.
For more information visit www.saveandkeepyourhome.com
Help for those with HELOCs
"Millions of Americans face foreclosures and are
intimidated by banks and mortgage companies and they fear losing their home and destroying their credit."
What with the way the Real Estate market is today, folks can no longer count on appreciation to build equity. Those who realize that they need to pay down their current mortgage debt are looking for alternate ways to aggressively (yet safely) build equity.
And they've discovered a perfect online system to do that; they can focus on their wealth accumulation goals while accelerating their equity simply by using a Home Equity Line of Credit (HELOC) to ‘power’ the program.
A typical 30 year loan (of whatever type) can be paid down in 1/3 to 1/2 the time — it's a great way to save *huge* amounts of income by eliminating the front-end interest load of a mortgage amortization schedule. (On these million-plus dollar homes, I've personally seen where this particular financial solution will save the homeowner 3/4 million in interest charges!)
Foreclosures Coming
I think we're a long way from seeing the end of the foreclosure nightmare across the U.S. Like a stone thrown in a pond, the little circles will reach further and further.
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