Important Articles

The following articles should be read since they will offer you more insight on now the hope for homeowners program will be delivered as well as all aspects to the economy and the mortgage challenges.

THESE... YOU HAVE TO READ FIRST...

1.  HOW BANKS ARE WORSENING THE FORECLOSURE CRISIS  [FEBRUARY 14TH, 2009]

2.  FBI: Beware of Loan Modification Scams. [October 28th, 2008]

NOW, YOU CAN READ THESE...

1.  MORE HOUSING MEASURES COULD BE ADDED TO THE "819 BILLION" STIMULUS PACKAGE OFFERED

2. CONGRESSIONAL PANEL TO RETOOL HOMEOWNER RESCUE 

3. JUST A BAND-AID ON THE FORECLOSURE PROBLEM?

4. FLOUNDERING U.S. HOUSING RESCUE NEEDS CHANGES - HUD

5. REALTORS ARE URGING CONGRESS TO HELP "HOPE FOR HOMEOWNERS" PROGRAM

6. FORECLOSURE "TSUNAMI" HITS MORTGAGE - SERVICING FIRMS [FEBRUARY 11TH, 2009]

8. Citi to Allow Jobless to Pay Less on Loans. [March 3rd, 2009]

60 MINUTES TELEVISION SHOW:  THE MORTGAGE MELTDOWN! 

AFTER YOU WATCH THIS VIDEO YOU WILL UNDERSTAND WHY I THINK THE BANKS WILL HAVE TO DELIVER THE "HOPE FOR HOME OWNERS PROGRAM" THRU THEIR LENDING CHANNELS TO LENDERS LIKE ME TO OFFER TO YOU, THE HOMEOWNER. 

IT IS MY VIEW THAT THEY CAN''T CONTINUE TO OFFER ONLY LOAN MODIFICATIONS SINCE THEY ARE UNWILLING TO OFFER EQUITY REDUCTIONS.  TOO MANY PEOPLE ARE BACK IN A FORECLOSURE POSITION WITH THE BANK WITHIN 4-6 MONTHS FROM ACCEPTANCE OF A STANDARD LOAN MODIFICATION.  

NOW, WATCH THE VIDEO: