By Jacky, on November 29th, 2007
California Governor Arnold Schwarzenegger reveals plan for state assistance to stop foreclosures
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The Governor announced a public awareness campaign aimed at California homeowners who may be staring down the barrel of foreclosure. According to the Governor’s website, he stated,
“Our message is that lenders are willing to work with borrowers on finding a solution. But right now we are seeing homeowners who are afraid to even talk with lenders,” said Governor Schwarzenegger. “In fact, loan officials have not been able to reach borrowers in more than half of all foreclosures. Some of these homes could have been saved, so seek out a solution now before it is too late.”
This 1.2 million dollar campaign is designed to educate California homeowners how and where to seek assistance with their mortgage to avoid foreclosure. California is one of the top 10 states with the highest foreclosure of homes.
Check out the Governor’s video below on his stop foreclosure plan.
Continue reading California Governor Offers Plans to Stop Foreclosures
By Jacky, on November 29th, 2007
Home foreclosures facts and figures are in the news, on the t.v. and online almost on a daily basis. This trend can only mean that the number of homeowners facing foreclosure or have been foreclosed on, is growing rapidly. Many homeowners are seeking information on how to save their home and stop foreclosure by any means necessary. Is a bad credit loan the answer?
There are people who were just on the door steps of foreclosure and tried to refinance their current home loan with a bad credit loan or sometimes known as a “hard money loan”, only to be told that hey did not qualify. It seems ironic that if you wanted a bad credit loan that charges more fees and higher interest rates to try and avoid foreclosure, why can’t you qualify? If you have few late payments, you have the bad credit secured with real estate , so why not qualify for the bad credit loan?
Know the difference between a bad credit subprime loan and a hard money loan. A hard money loan is generally based on the value of amount seeking to borrow and the market value of the home, and is a type of subprime loan. If you have any equity in
Continue reading Bad Credit Loan To Save Home
