Comments on: What Does The Foreclosure Prevention Plan Mean For Me? http://www.newhomessection.com/blog/what-does-the-foreclosure-prevention-plan-mean-for-me/2009/02/19/ New Homes blog with information about new homes and home builders Mon, 06 Feb 2012 03:55:28 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: Housing Concerns: Underwater Borrowers May Receive a Lifetime | New Homes Section http://www.newhomessection.com/blog/what-does-the-foreclosure-prevention-plan-mean-for-me/2009/02/19/comment-page-1/#comment-97022 Housing Concerns: Underwater Borrowers May Receive a Lifetime | New Homes Section Mon, 14 Nov 2011 18:47:00 +0000 http://www.newhomessection.com/blog/?p=1919#comment-97022 [...] See Also: Loan Cut Program Unpopular What does the Foreclosure Prevention Plan mean to me? [...] [...] See Also: Loan Cut Program Unpopular What does the Foreclosure Prevention Plan mean to me? [...]

]]> By: Darin http://www.newhomessection.com/blog/what-does-the-foreclosure-prevention-plan-mean-for-me/2009/02/19/comment-page-1/#comment-21675 Darin Tue, 14 Jul 2009 03:48:17 +0000 http://www.newhomessection.com/blog/?p=1919#comment-21675 Variable mortgage rates are quite low right now and a great way to save on interest and lower monthly mortgage payments. For more info visit <a href="http://www.torontomortgagesite.com/" rel="nofollow">Mortgage Broker Toronto</a> Variable mortgage rates are quite low right now and a great way to save on interest and lower monthly mortgage payments.

For more info visit Mortgage Broker Toronto

]]> By: Joe@Augusta GA Homes http://www.newhomessection.com/blog/what-does-the-foreclosure-prevention-plan-mean-for-me/2009/02/19/comment-page-1/#comment-17094 Joe@Augusta GA Homes Wed, 27 May 2009 12:12:16 +0000 http://www.newhomessection.com/blog/?p=1919#comment-17094 I like the way you laid this out so simply - I've not seen a talking head put this in such easy to understand terms yet. As one of those "Rock Stars" you mention - I can't wait for the bottom but don't mind the current market either - the bottom feeders are heading to different waters on a daily basis - and the age of the part-time Realtor is hopefully coming to an end (and our clients cannot be happier). Another factor to consider in all this is many states are adopting tax credits of their own. Georgia signed in to law its own tax credit for homebuyers on 11 May, and you do not have to meet any of the First-Time Homebuyer requirements of the Federal version. <abbr><em>Joes last blog post..<a href="http://www.augustalistingexpert.com/Blog/Tax-Credit-for-Georgia-Homebuyers-2" rel="nofollow">Tax Credit for Georgia Homebuyers</a></abbr></em> I like the way you laid this out so simply – I’ve not seen a talking head put this in such easy to understand terms yet.

As one of those “Rock Stars” you mention – I can’t wait for the bottom but don’t mind the current market either – the bottom feeders are heading to different waters on a daily basis – and the age of the part-time Realtor is hopefully coming to an end (and our clients cannot be happier).

Another factor to consider in all this is many states are adopting tax credits of their own. Georgia signed in to law its own tax credit for homebuyers on 11 May, and you do not have to meet any of the First-Time Homebuyer requirements of the Federal version.

Joes last blog post..Tax Credit for Georgia Homebuyers

]]> By: Jayson http://www.newhomessection.com/blog/what-does-the-foreclosure-prevention-plan-mean-for-me/2009/02/19/comment-page-1/#comment-17059 Jayson Wed, 27 May 2009 06:14:51 +0000 http://www.newhomessection.com/blog/?p=1919#comment-17059 Mary, If you're asking about the $8,000 tax credit for new home buyers, you qualify as long as you're a first time home buyer. Mary,

If you’re asking about the $8,000 tax credit for new home buyers, you qualify as long as you’re a first time home buyer.

]]> By: Mary http://www.newhomessection.com/blog/what-does-the-foreclosure-prevention-plan-mean-for-me/2009/02/19/comment-page-1/#comment-17020 Mary Tue, 26 May 2009 21:05:07 +0000 http://www.newhomessection.com/blog/?p=1919#comment-17020 If i've filed bankruptcy (more than 7 years ago) and have no further credit problems, do I qualify for the tax credit? I've not owned a home in 15 years. If i’ve filed bankruptcy (more than 7 years ago) and have no further credit problems, do I qualify for the tax credit? I’ve not owned a home in 15 years.

]]> By: real estate in panama http://www.newhomessection.com/blog/what-does-the-foreclosure-prevention-plan-mean-for-me/2009/02/19/comment-page-1/#comment-15726 real estate in panama Thu, 14 May 2009 10:35:49 +0000 http://www.newhomessection.com/blog/?p=1919#comment-15726 It seems like recession is the only reason of people's wrong decisions. People take wrong decisions spending money and make their lifestyle more than their budget. Same they did when buying homes, but then they realize that its not possible for them to afford the life style they have accepted. Looking back in that mistakes is also one of the solution. Cheers,Samuel (The guy into Real estate business in panama) It seems like recession is the only reason of people’s wrong decisions. People take wrong decisions spending money and make their lifestyle more than their budget. Same they did when buying homes, but then they realize that its not possible for them to afford the life style they have accepted. Looking back in that mistakes is also one of the solution.

Cheers,Samuel (The guy into Real estate business in panama)

]]> By: Bill Zero http://www.newhomessection.com/blog/what-does-the-foreclosure-prevention-plan-mean-for-me/2009/02/19/comment-page-1/#comment-15648 Bill Zero Wed, 13 May 2009 17:22:41 +0000 http://www.newhomessection.com/blog/?p=1919#comment-15648 Now we can see what the plan has turned into. People have made too many bad decisions in the past and they need to be fixed now. Now we can see what the plan has turned into. People have made too many bad decisions in the past and they need to be fixed now.

]]> By: Cary real estate http://www.newhomessection.com/blog/what-does-the-foreclosure-prevention-plan-mean-for-me/2009/02/19/comment-page-1/#comment-9986 Cary real estate Thu, 12 Mar 2009 03:49:04 +0000 http://www.newhomessection.com/blog/?p=1919#comment-9986 The Foreclosure Prevention Plan is a very helpful step by the government encase. Homeowner can keep their house. But is should not be a give away, homeowners should pay it back. Some of the home owners really deserve to be bail out, but some of them are not, because some of them acquire a house loan that they cannot sustain. So it is unfair for homeowners who can really afford to pay when they bought it, only it is really a tough time to sustain the mortgage. Cheers, Michael McLaughlin, Cary real estate The Foreclosure Prevention Plan is a very helpful step by the government encase. Homeowner can keep their house. But is should not be a give away, homeowners should pay it back. Some of the home owners really deserve to be bail out, but some of them are not, because some of them acquire a house loan that they cannot sustain. So it is unfair for homeowners who can really afford to pay when they bought it, only it is really a tough time to sustain the mortgage. Cheers, Michael McLaughlin, Cary real estate

]]> By: JaysonNHS http://www.newhomessection.com/blog/what-does-the-foreclosure-prevention-plan-mean-for-me/2009/02/19/comment-page-1/#comment-9267 JaysonNHS Sat, 28 Feb 2009 08:14:24 +0000 http://www.newhomessection.com/blog/?p=1919#comment-9267 Scott, Thanks for stopping by. It's sounds like you're in a pretty tough situation. If you move into the home, and make it your primary residence (not sure if you can), I think you'll have a better shot at a loan modification. You should contact Jay Thompson, he's a real estate agent in Phoenix that can give you some solid advice. I'm sure he's ran into a few investors with similar situations. A phone call may make it easier for him to get all the necessary details. http://www.phoenixrealestateguy.com/contact-us Best of luck Scott,

Thanks for stopping by. It’s sounds like you’re in a pretty tough situation. If you move into the home, and make it your primary residence (not sure if you can), I think you’ll have a better shot at a loan modification.

You should contact Jay Thompson, he’s a real estate agent in Phoenix that can give you some solid advice. I’m sure he’s ran into a few investors with similar situations. A phone call may make it easier for him to get all the necessary details.

http://www.phoenixrealestateguy.com/contact-us

Best of luck

]]> By: Scott http://www.newhomessection.com/blog/what-does-the-foreclosure-prevention-plan-mean-for-me/2009/02/19/comment-page-1/#comment-9245 Scott Fri, 27 Feb 2009 22:05:42 +0000 http://www.newhomessection.com/blog/?p=1919#comment-9245 I fit into one of the categories above, but am in another not mentioned, where I am screwed. I am an investor, along with 2 other partners in an LLC formed after we bought a condo in Scottsdale, AZ. We have a renter, who pays less than 50% of our monthly bills and our home value has decreased by more than 50%. We have a 7.25% interest only loan for 10 years and we are in year 3. Does anyone know how we can create a scenerio to get some help from the govt? Do we need to kick the renter out and move in ourselves? We have paid on time now for 3 years and unless we stop payments to go into foreclosure which we don't want, we are stuck. Yes? No? Help??? I fit into one of the categories above, but am in another not mentioned, where I am screwed. I am an investor, along with 2 other partners in an LLC formed after we bought a condo in Scottsdale, AZ. We have a renter, who pays less than 50% of our monthly bills and our home value has decreased by more than 50%. We have a 7.25% interest only loan for 10 years and we are in year 3. Does anyone know how we can create a scenerio to get some help from the govt? Do we need to kick the renter out and move in ourselves? We have paid on time now for 3 years and unless we stop payments to go into foreclosure which we don’t want, we are stuck. Yes? No? Help???

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