Feb 13
An exclusive CBS News investigation finds new home buyers left holding the bag for the two-month extension of the payroll tax cuts. CBS News investigative correspondent Sharyl Attkisson reports.
Duration : 0:5:21
Feb 07
West on CBS News Exclusive: “Homeowners mortgage bills footing the bill for Government gimmicks”
Mortgage 11 Comments »
2/6/2012 CBS News interviews Congressman West after he reveals to them the real way the two month tax deal was paid for
Duration : 0:5:1
Jan 28
Conscious People Should Never Be Broke (Buy Beautiful Property Without a Mortgage)
Mortgage 13 Comments »
http://stores.2012res.com/StoreFront.bok for any of the 50 plus books that brother POLIGHT has written thus far. http://stores.2012res.com/StoreFront.bok for any of the 50 plus books that brother POLIGHT has written thus far. Our Young Phenom is on an eleven city tour preparing our people for the upcoming property sales that will take place this spring and summer. Please keep up to speed with what we are doing during the course of this tour by logging on to
http://www.nu-covenantplus.com/ At the end of the tour the people that attend the classes should be ready to take advantage of the upcoming sales (spring, summer, fall).
Duration : 0:15:53
Jan 15
Learn about the 2 kinds of mortgage debt, points, and Mortgage insurance premiums (PMI). Brought to you by The Tax Institute.
Duration : 0:2:22
Dec 01
Watch the full Keiser Report E217 on Thursday. This week Max Keiser and co-host, Stacy Herbert, discuss Überdebten, financial eugenics and secret Fed Loans. In the second half of the show, Max talks to Karl Denninger about MF Global, pepper spraying banksters and Occupy Wall Street.
KR on FB: http://www.facebook.com/KeiserReport
Duration : 0:1:40
Oct 08
You should be with us in 2012, join now: http://my.barackobama.com/toledovid
Barack Obama spoke about small business Loans in Toledo Ohio on October 13, 2008.
Duration : 0:1:27
Aug 27
Real Estate Marketing – Foreclosures, Loan Modifications and Government Bailout Plans – Part 3
property loan No Comments »
We are currently looking for 250 people to test the New Mac Book Air. http://bit.ly/qIWcy3
http://realestatemarketingthisweek.com- Real Estate Marketing – Foreclosure rates on Forbearance Agreements done with banks reaches 58% – With Michael J Barnes and Dan Havey of Real Estate Marketing This Week
Part 3 – In studio with us today on this fine New years eve is Dan Havey, the co founder of the modification hotline as well as the author of The Foreclosure Sharks a great white paper he put together. He is also the author of Real Estates Future and this segment we are talking about loan modifications and some specific information.
You also have a great story to tell about this to. Well unfortunately I have too many stories about people who have had to go through foreclosures, bankruptcies, loan modifications. The one story I want to talk about real quick is a friend of mine who unbeknownst to me went out and did a Loan modification on her own and not to get into a whole bunch of technical details on it she ended up getting a pretty decent interest rate because they actually cut her Mortgage payment in half and she was pretty happy about that.
She owed a little bit more than the house was worth, she wasnt terribly upside down, but by the time they got done with her she certainly was going to be because the modification, and actually I should not call it a modification, I should call it a forbearance agreement, what they did to her was to say, OK we will cut your interest rate in half, we will cut your monthly payment in half, but we will take all of that deferred interest and tack it onto the back end of the loan. So that by the time her interest rate went back to where it had been, it was going to adjust up over the next five years, so that within that five year time period she was actually going to owe $60,000 in back interest on top of the principal balance that she had before she went to go talk to her bank.
What kind of a deal is that? I didnt think it was a very good one and she ended up eventually not taking it and just recently let the house go back to the bank, because she just looked at it and said, Wait a second here, I am already $20,000 upside down, by the time Im done with you guys I will be $80,000 upside down and so great I get a cheaper payment for a while. She moved into a rental property that was even cheaper then what she would have had to pay to stay in the house and from what she tells me the house is nicer.
Some of the unfortunate scenarios that come up that we get to see. Unfortunately we talk to lots of people that have similar situations, trying to do these on their own and it is possible to do a loan modification on your own. We know that, the program is designed for you to do that. The problem is it generally does not work out.
The re-default rate on loan modifications done on your own is significantly higher than loan modifications facilitated by an attorney that is representing you, for a number of reasons. Number one you have to pay an attorney to represent you. The other is that I think you are going to get a better modification based its not just a negotiation between you and the loss mitigation department for the bank. We are talking about using a professional attorney who is a trained negotiator to negotiate on your behalf with another attorney. By the way, theyre not talking to the same loss mitigation people in India that you may be talking too.
Here are some numbers that just came out from John Dugan who is the Office of the Comptroller of the Currency and they did a study of the loan modifications that have been done to date. In many cases these were forbearance agreements, not loan modifications. If an individual talks to his bank, generally speaking he will not get the same as result as what an attorney would do, so most of these are really forbearance agreements. And in that case, 36% had defaulted or were 30 days past due after 6 months and 58% were in default after 8 months. Again that is 58% in default after eight months and I saw some numbers the other day and unfortunately I didnt bring them in with me today, that according to some study of the very few modifications that have been done using an attorney, I say very few, but it is still thousands or tens of thousands, but few compared to what is getting done directly with the bank, the number is only like 5% of the ones done with an attorney have re-defaulted and again I dont have the numbers with me so I cant site the source… http://realestatemarketingthisweek.com/foreclosure-rates-on-forbearance-agreements-reaches-58/
Duration : 0:5:47
Aug 27
Home Loan professional Rob Spinosa of http://www.themortgagedictionary.com takes a close look at mortgages and the self employed. In this short video, he covers the definition of self-employment, the requirements for getting a home Loan approval as a self-employed individual, and also the documentation that will be requested by your Mortgage lender if you are self employed. The various types of business entities are discussed; sole proprietorship, partnership, LLC, S corporation and C corporation. If you’re not sure if you’ll qualify for a home purchase or refinance because you don’t get a paystub or W-2 form, Rob will help with listing the tax return information you’ll need to show an income and employment history. Rob goes over all of this within 3 minutes and helps you understand the loan process. For more information or to begin the pre-approval process, contact Rob Spinosa at rspinosa@rpm-mtg.com or by phone at 877-270-5959. Rob is a mortgage banker at RPM Mortgage in Mill Valley, California, just north of San Francisco. He is able to assist anyone in the state of CA, and can be found on social media platforms as below:
http://www.facebook.com/homefinancefundamentals
http://www.twitter.com/robspinosa
http://www.linkedin.com/in/robspinosa
Duration : 0:2:36
Jul 20
Available on the App Store : http://bit.ly/loanplan
Complete overview of Loan Plan and its features – developed by dclabs.fr – soundtrack by Zaghrari
Duration : 0:3:8
Jun 11
Choose Property Tax Loan As The Solution visit https://www.reliancetaxloans.com/ or call 214-530-9814 — The right solution in getting a property fast is getting a tax Loan. Helps you get an affordable property in Texas. Visit and call us for more info.
Duration : 0:0:37