IMF points the Finger at USA..

IMF points Finger at USA......

The global organization faults tax incentives and low-income housing goals as contributing to the near collapse of the housing market in the United States......

The meeting between President Obama and top lawmakers on the budget ended with no agreement but further talks are scheduled......

Please read more at .....http://www.smartrealestatenews.com/

Copied from Smart Real Estate News & Commentary by Chris McLaughlin April 8, 2011

FYI from Larry, Blog Founder

FEWER FORECLOSURES in Last Quarter....

This is GREAT NEWS!!!!!

Monday, April 4th, 2011, 7:51 am

Freddie Mac Chief Executive Officer Ed Haldeman said less than 4% of the government-sponsored enterprise's single-family home loans are at least three payments behind or heading into foreclosure.

Read more at..... http://www.housingwire.com/2011/04/04/less-than-4-of-single-family-loans-are-delinquent-freddie-ceo

Passed on to you by Larry Tutino

LOSE A HOME??

Maybe this will be your next cool home. Never, Never give up !!!!!!!!

GETTING HELP FROM FANNIE MAE...

We're here to help

If you're struggling to pay your mortgage, the newly created

Making Home Affordable Program may offer the help you need.

https://www.efanniemae.com/home/index.jsp

Fannie Mae Mortgage Help Centers

http://www.fanniemae.com/kb/index?page=home&c=homeowners_mortgagehelpcenters

Check these Links for direct help from Fannie Mae.....

from Larry, Blog Founder

SOME LOANS CAN BE RENEGOTIATED..

More loan modification options coming

Six months after the Federal Housing Administration (FHA) announced an $11 billion refinancing initiative for these “underwater” borrowers, nearly two dozen lenders have agreed to take part in a new loan modification program. The FHA program — called Short Refi — requires major concessions from lenders, which must agree to write off at least 10 percent of the principal balance, and from investors, who, if they own the mortgage, must also agree to the deal. To qualify, homeowners must be current on their monthly mortgage payments and not already have an FHA loan. The size of the new primary loan cannot be more than 97.75 percent of the current value of the property; refinanced loans for homeowners whose properties carry second liens cannot exceed 15 percent of the property value.

read more helpful info at...http://www.smartrealestatenews.com/

From Larry Tutino, Blog Founder

HAVE YOU RECEIVED A NOTICE OF DEFAULT ??

From Chris at.... http://www.mclaughlinchris.com

A Notice of Default is the notice sent out in non-judicial foreclosure states that alerts the borrower that the official foreclosure process has begun. It is also filed with the county recorders office and allows the notice of foreclosure sale to be published. What's so important is that this is the process in California, Nevada and Arizona (AZ is both judicial and non-judicial), which have three of the top four foreclosure rates. Last week an article from American Banker titled, 'New Point of Foreclosure Contention: Default Notice' circulated widely among the folks who follow the mortgage mess. It talked about how several lawsuits are now being filed contending that the Notice of Default process was flawed and the foreclosure therefore invalid.

As this article was circulating, a source pointed me to the fact that Notices of Default had dropped off dramatically since October, especially in California. In fact, Foreclosure Radar shows it quite clearly. Foreclosure Radar's Sean O'Toole wasn't ready to say the banks had cut off Notices of Defaults but did say, 'given the issues raised, we certainly wouldn't be surprised to see a slow down of foreclosure activity in non-judicial states.'

SAVE YOUR HOME !!!!!

Stan Shaw, an expert at handling Foreclosures for homeowners says:

Keep your clients in their home with our Trustee Verified Sale Postponement with out filing BanKruptcy and no payment due till until the sale has been postponed !

"I also have a great "Trustee Sale Verification Program" that stops sales dead in their tracks in all 50 states with as little as 24 hours notice and with out filing a BK. Plus the client pays after the sale is stopped, also making it SB94 and MARS compliant!"

http://www.linkedin.com/groupAnswers?viewQuestionAndAnswers=&discussionID=41182324&gid=106811&trk=EML_anet_di_pst_ttle

From Larry, Blog Author