Key Options LLC has a program that SOLVES this housing problem in any market. We tried to contact Cuyahoga county with no response at all from repeated messages. The program costs the county NOTHING, ZERO! and they wont respond. If anyone has any pull at all in this county get them to call me at 443-677-4418. They need to stop spending millions of dollars of taxpayers money on things that can be resolved at zero cost! LITERALLY
Mr. Winton - As someone who is facing foreclosure, it is so nice to see there are people out there willing to help. Too much of the time, people jump to blame the homeowner, saying "they shouldn't have gotten in over their heads with loans they couldn't afford". Not everyone facing foreclosure got in over their heads. We are not them. With medical issues and job loss, we are the face of true America about to be homeless. Thank you for seeing us for who we really are - people who have only been trying to live the American dream until the banks take it all away from us, and our daughter. God bless you, Mr. Winton! I hope the person you are about to help realizes just how lucky they are!
a. Short Sale-where the bank accepts less then what is owed and allows the house to be sold which certainly the woman with breast cancer which is a verifiable hardship may have been able to qualify for.
b. Loan Modification-where the lender will often reduce the interest rate substantially and may also extend the term of the loan thereby reducing the monthly rate even further
c. Forebarence; which would allow the homeowner a short stay in payments if they have an emergency situation which will soon be remedied such as an illness, etc.
There are many options available to people during these difficult times and I think it is only fair to highlight them all.
Please feel free to contact me for more information about possible foreclosure alternatives.
When interest rates drop, homeowners take notice. If rates dip lower than your current rate, refinancing may allow you to lower your monthly payment, potentially reducing the interest expenses you'll pay over the life of the loan. Shop around use sources like 123 Refinance to compare rates
CBS should look at how the foreclosure market is affecting condominiums and homeowners associations. With the foreclosures, vacant homes, nonpaying owners (whether vacant or not) the crisis is more devastating in these markets. Most homes in the last 10 years were built in homeowner associations. And homeowner associations maintain services that are normally provided by City and County governments. Associations still have to maintain a level of service to the community with limited funds. In condos they even have to provide service to non paying owners for some items such as snow plowing - you cannot not plow there space for example. When vacant soon to be foreclosed homes are in limbo at the bank, associations mow the lawn to maintain curb appeal so that values are protected. Banks should reduce the mortgage. I do not think they fully understand all that is affected by the real estate market fall. There are associations filing for bankruptcy because they cannot meet their financial obligations. Condos & HOAs are suffering in silence and they are the ones who should be bailed out not big banks. It should be noted that a lot of seniors and first time owners live in condos for the convenience of services. Seniors are struggling to pay fee and are facing foreclosure as well. Please feel free to contact us for more information about this growing crisis.
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John Winton
a. Short Sale-where the bank accepts less then what is owed and allows the house to be sold which certainly the woman with breast cancer which is a verifiable hardship may have been able to qualify for.
b. Loan Modification-where the lender will often reduce the interest rate substantially and may also extend the term of the loan thereby reducing the monthly rate even further
c. Forebarence; which would allow the homeowner a short stay in payments if they have an emergency situation which will soon be remedied such as an illness, etc.
There are many options available to people during these difficult times and I think it is only fair to highlight them all.
Please feel free to contact me for more information about possible foreclosure alternatives.