Do Banks Get It?

Do banks get it? It seems as if banks just don't understand how to help us. I'm not sure why but they want to make things harder instead of easier. They take government money to help families in financial trouble and only frustrate them. Watch this video and see how even a US congresswoman gets totally frustrated when dealing with a bank on behalf of her constituants. http://www.beaconforeclosuresolutions.com/ The banks know if they don't structure the loan modification properly that most of these families will fall into default within one year.



The next step if the modification doesn't work is a short sale or the worst secenario a bankruptcy.



On either a loan modification or a short sale they take months and there is no guarantee that the process will be favorable for the home owner. They continually put up road blocks for the legitimate investors who would like to buy and sell foreclosed homes. All this does in reality is slow the economic recovery and leaves homes on the market that would have a buyer waiting for them.



What can be done?



Let a professional help you with the loan modification, they can get you better terms.

See how its done, go to http://www.beaconforeclosuresolutions.com/ and get a free e-book on How to Save you home from Foreclosure.



Remember: Help is only a mouse click away. www.beaconforeclosuresolutions.com

Reverse Mortgages a Scam?

A reverse mortgage is a loan against the value of the home that is repaid when the borrower dies or sells the home. I just read that the number of federally insured reverse mortgages issued to senior citizens in the past three years has exceeded 325,000.
Consumer advocates caution that reverse mortgages should be used as a last resort especially due the high fees involved and the fact that the number of fraud cases is increasing. What a shame that after spending a lifetime living in a home, raising your family and grandchildren, that such a measure like a reverse mortgage must be taken.
Remember when Mom and Dad passed away there was always a little something left for the children. Now the children don't want the old folks around and look to put them in a home. Homes for the elderly however can cost well over $75,000 a year even for a no frills home. What other choices do the elderly have other than a reverse mortgage. According to AARP a home equity line of credit or even moving to a smaller apartment or house could be the solution.
No matter what your situation if your thinking of using a reverse mortgage you should get some counsiling from an organization such as AARP and think twice before taking action

What is a short sale

A short sale is when your lender agrees to take less than what you owe on your mortgage. Why would they even consider doing this? There is a possibility that if your home goes to foreclosure the bank may loose even more money than if they accept a short sale. Typically a real estate agent or an investor will negotiate with your lender and try to get them to take a discount. This is an extremely advanced method that should only be trusted with an experienced real estate agent or investor who is trained in doing short sales. Go to our web site to see the difficulties experienced by people who are not trained in doing short sales or loan mods, www.beaconforeclosuresolutions.com The short sale process may take several months to complete and there is no guarantee that the process will be successful. A short sale will negatively affect your credit, however it will not impact it as much as a foreclosure. The lender may also come after you for the difference between the discount and the amount you actually owe. All this sounds very intimidating but if you are behind in your mortgage payments a short sale will stop foreclosure, please don't lose your home to a foreclosure. There are also other alternatives for saving your home, go to www.beaconforeclosuresolutions.com and get you free e-book on saving your home. Time is short, don't wait another minute, help is available now!

Retirement: Can you afford to stay in your home?

Most Americans, 89% according to a survey from AARP want to stay in their homes as they age. The dream of retiring by the age of 50 has faded. As 'baby boomers' reach the age of retirement many must continue to work in order to keep their homes. Job and pay cuts abound and many businesses just seem to be there one day and gone the next. My own brother worked at a auto parts manufacturing plant. He was a member of the United Auto Workers union. One day after over 25 years on the job he went to work and the plant was closed, no explanation and worse, no pension. How could that be? We don't know but things just like that are occurring all around the country. People are losing their homes to foreclosure, they are living in fear of downsizing and pay/benefits cuts. Some families in trouble have even disconnected their house phones in order to stop the harassing calls! There is help out there. Many government agencies will give you advice, what they tell you sounds simple but its not as easy as it sounds. Take a look at how some mortgage companies treat customers in trouble when they call. See how even a US Congresswoman is treated after she identifies herself! View this at WWW.beaconforeclosuresolutions.com If she is treated this way what chance does an ordinary citizen have?
If you are in trouble, behind on mortgage or credit card payments and would like real professional help. If you would like to reduce your credit card debt or lower your monthly mortgage payment please to to www.beaconforeclosuresolutions.com today and see if you qualify for one of our plans. What have you got to loose?

Credit score doesn't matter, reduce your payments

According to the Center for Responsible Lending, there are more than 6600 families filing for foreclosure each day in the US and two million filings this year alone! There is no sign of a slowdown and mounting unemployment will add to this number. It is estimated that as many as six million families could face foreclosure over the next three years.

Many families try to re-finance their mortgage but if your credit scores are low this may be an impossible task. Most families will end up not paying the new re-financed mortgage within one year and the foreclosure process will start all over again! Why Re-fi when you could do a loan modification. Loan mods will reduce your monthly payment and your credit score doesn't matter. Log onto www.beaconforeclosuresolutions.com and see how easy it is to do a loan mod.

You can reduce your monthly mortgage payments

I just read that unemployment has climbed to 9.8%, that's the highest its been in 20 years. Unemployment causes a ripple effect. When you go on unemployment you make less money. Making less money you start paying your bills later and later each month until eventually you stop making some payments altogether. Usually you max out your credit cards, this lets the credit card companies reduce your credit limits and now you get an over the limit fee, if you were late on a payment they raise your interest rate. After a while you feel why should I even try to make the payments. The penalties start piling up. Worse of all is when you miss a couple of mortgage payments. Now they threaten you with foreclosure. Bill collectors hound you all day long. Letters from collection agencies. What can you do? There is a feeling of hopelessness, nowhere to turn, nobody willing to help. I know how you feel, I was in that same situation. I found a way out. I researched different companies searching for help. I found one that looked good. Boy was I lucky, I found Accelerated Solutions. They lowered my interest rate and got my payments reduced. I saved $3000.00 a year in payments and that allowed me to keep my home. I now work with Accelerated Solutions and help others in financial trouble. You can do the same for yourself and others. Go to www.beaconforeclosuresolutions.com and see how this program works

End your foreclosure fears...keep your home

Hi, my name is Tom Brooks and I was once in your situation. About to lose my home and facing foreclosure with no way to keep my home. That was then- today I am a foreclosure prevention specialist. My mission in life is to help others like me, ordinary hardworking people who got in trouble because of these difficult economic times. I have a solution for you... a beacon of light in the dark night of mortgage company hassles and red tape. You can keep your home, rebuild your credit and learn how to help others like I will help you- making money in the process. Sounds too good to be true? It isn't Check out my site http://www.beaconforeclosuresolutions.com now and get a free e-book. Also click the link below to see how even a CONGRESSWOMAN found it impossible to help a client get their loan modified (you need a specialist...like me!)