Comments on: Foreclosure; Losing the American dream http://raincityguide.com/2008/10/19/foreclosure-losing-the-american-dream/ Seattle's Leading Resource for Real Estate Information Sun, 21 Mar 2010 02:14:14 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: DFI Releases Guidelines on Loan Mods and Sets Limits on Fees | Rain City Guide http://raincityguide.com/2008/10/19/foreclosure-losing-the-american-dream/#comment-338673 DFI Releases Guidelines on Loan Mods and Sets Limits on Fees | Rain City Guide Sat, 11 Apr 2009 00:23:18 +0000 http://raincityguide.com/?p=2829#comment-338673 [...] In conclusion, loan modifications continue to re-default at a rate of over 50%. Before spending money on a loan modification, homeowners should take a look at their entire financial picture. If a homeowner is only lowering his or her payment by, say, $300 or $400 per month, a large overhang of consumer debt may put this homeowner right back into default again.  If you redefault, it’s all over and the foreclosure process begins.  Homeowners would be wise to consider all options besides just a quick loan mod.  An attorney or a free, well-trained HUD housing counselor can help you do this. Loan mod salesmen may not be well educated on all the possible options for homeowners facing foreclosure. [...] [...] In conclusion, loan modifications continue to re-default at a rate of over 50%. Before spending money on a loan modification, homeowners should take a look at their entire financial picture. If a homeowner is only lowering his or her payment by, say, $300 or $400 per month, a large overhang of consumer debt may put this homeowner right back into default again.  If you redefault, it’s all over and the foreclosure process begins.  Homeowners would be wise to consider all options besides just a quick loan mod.  An attorney or a free, well-trained HUD housing counselor can help you do this. Loan mod salesmen may not be well educated on all the possible options for homeowners facing foreclosure. [...]

]]> By: andrew http://raincityguide.com/2008/10/19/foreclosure-losing-the-american-dream/#comment-335608 andrew Fri, 20 Feb 2009 21:53:54 +0000 http://raincityguide.com/?p=2829#comment-335608 this is really tragic, hopefully what obama is doing now can help to pick these people back up this is really tragic, hopefully what obama is doing now can help to pick these people back up

]]> By: Don http://raincityguide.com/2008/10/19/foreclosure-losing-the-american-dream/#comment-334301 Don Tue, 10 Feb 2009 10:38:19 +0000 http://raincityguide.com/?p=2829#comment-334301 there are ways of keeping the dream alive. The government is working diligently now but I hope that it is not throwing good money after bad. the first round of government assistance left us with a big bill and it was not regulated. there are ways of keeping the dream alive. The government is working diligently now but I hope that it is not throwing good money after bad. the first round of government assistance left us with a big bill and it was not regulated.

]]> By: Foreclosure; Letting Go and Rebuilding | Rain City Guide http://raincityguide.com/2008/10/19/foreclosure-losing-the-american-dream/#comment-334077 Foreclosure; Letting Go and Rebuilding | Rain City Guide Mon, 09 Feb 2009 01:22:51 +0000 http://raincityguide.com/?p=2829#comment-334077 [...] Foreclosure; Losing the American dream [...] [...] Foreclosure; Losing the American dream [...]

]]> By: Vernal http://raincityguide.com/2008/10/19/foreclosure-losing-the-american-dream/#comment-332277 Vernal Wed, 14 Jan 2009 22:47:22 +0000 http://raincityguide.com/?p=2829#comment-332277 Interesting thanks for that Jillayne! Interesting thanks for that Jillayne!

]]> By: Jillayne Schlicke http://raincityguide.com/2008/10/19/foreclosure-losing-the-american-dream/#comment-332276 Jillayne Schlicke Wed, 14 Jan 2009 22:33:16 +0000 http://raincityguide.com/?p=2829#comment-332276 Hi Vernal, Thanks for stopping by RCG. If you like sniglet, I recommend this blog for more: http://surkanstance.blogspot.com/ Hi Vernal,

Thanks for stopping by RCG. If you like sniglet, I recommend this blog for more:

http://surkanstance.blogspot.com/

]]> By: Vernal http://raincityguide.com/2008/10/19/foreclosure-losing-the-american-dream/#comment-332268 Vernal Wed, 14 Jan 2009 22:21:12 +0000 http://raincityguide.com/?p=2829#comment-332268 Interesting comments, I actually just discovered your series on forclosure and have been really impressed. There is a lot of great information and I fascinated by the comments by sniglet. Interesting comments, I actually just discovered your series on forclosure and have been really impressed. There is a lot of great information and I fascinated by the comments by sniglet.

]]> By: Government Intervention in Foreclosure | Rain City Guide http://raincityguide.com/2008/10/19/foreclosure-losing-the-american-dream/#comment-331378 Government Intervention in Foreclosure | Rain City Guide Wed, 07 Jan 2009 15:05:47 +0000 http://raincityguide.com/?p=2829#comment-331378 [...] one: Foreclosure; Losing the American Dream Part two: Options for Homeowners Facing Foreclosure Part three: Loan Modifications Part four: [...] [...] one: Foreclosure; Losing the American Dream Part two: Options for Homeowners Facing Foreclosure Part three: Loan Modifications Part four: [...]

]]> By: Carla Que http://raincityguide.com/2008/10/19/foreclosure-losing-the-american-dream/#comment-328846 Carla Que Mon, 17 Nov 2008 22:55:21 +0000 http://raincityguide.com/?p=2829#comment-328846 When the home owners is financial distress always guide the home owners to seek legal advice from an attorney and explain their options such as try talking to their lender who holds their deed of trust maybe to catch up on their mortgage payment. When the home owners is financial distress always guide the home owners to seek legal advice from an attorney and explain their options such as try talking to their lender who holds their deed of trust maybe to catch up on their mortgage payment.

]]> By: Loan Modifications | Rain City Guide http://raincityguide.com/2008/10/19/foreclosure-losing-the-american-dream/#comment-328223 Loan Modifications | Rain City Guide Sat, 08 Nov 2008 19:26:40 +0000 http://raincityguide.com/?p=2829#comment-328223 [...] one: Foreclosure; Losing the American Dream Part two: Options for Homeowners Facing Foreclosure Part three: Loan modifications Part four: [...] [...] one: Foreclosure; Losing the American Dream Part two: Options for Homeowners Facing Foreclosure Part three: Loan modifications Part four: [...]

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