YourHomestart.com Home Loan Modification Help | San Diego, California

For more informationation please visit www.YourHomestart.com

This blog is going to explain:

1. Why the economic situation today started.

2. How American families are being affected.

3. What you can do to help and why!

The US is in trouble. Each and every one of us will be directly affected by the problems that the US economy is facing right now. Whether it is in four years after college when your kids cannot get a good paying job, or next month because someone you know loses their home because they didn’t know what you’ll learn today, the youth is in charge of these problems because the problems caused today’s reasoning cannot be solved by the same minds that put us in this situation. This situation is not uncommon today since 2006 home foreclosures have risen 150%. Easy and predatory lending has put us as a country into this current situation.

These last 4 years of economic well-being were artificial. Banks, mortgage companies, lenders, investors, and insurance companies were all making rules and regulations to loosen standards, increase lending, and unfortunately to benefit one another at the American populaces expense. Different payment plans that were issued out in place of safe and traditional mortgage terms are now being termed toxic loans by the same banks that willingly offered and suggested these loans to now troubled homeowners. The problem doesn’t lie only on the lending side; the homeowners who bought houses as speculators and were looking to cash out on the housing boom are participants in the problem as well. Many homeowners financed, then refinanced and again refinanced their homes in accordance to the rise of house prices. “Equity in the home rose 100K? Take out 75K and get that new car and pay off these credit card bills. This house is a goldmine.” But then it all stopped, housing hit its apex and began to drop...and drop…and drop.

It is completely up to you what you do with this information after today, but I urge you at least to listen and think of anyone that could use this info, because it may be someone very dear to you that could have saved their home and been in a strong financial position in the years coming that will have to pack up their belongings and suffer the emotional detriment from losing their home. It is our country, our economy, and our job market that will take about 4-6 years to repair according to the top economists in the US. We are going to have to find jobs, and borrow for homes later and this info could help you make sound financial decisions in the future. There is much we need to know about the housing dilemma in the US and there is new info coming out everyday. Since over 1/5 of homeowners are in a situation where they could lose their homes over the next 2-3 years you probably know a few people who could benefit from this information.

Irresponsible lending and favorable rules betwixt lenders and investors within the housing industry is over. These organizations will to go through a government re-regulation to do away with these toxic loan programs over the next 2 years, in that time obtaining a home loan or refinance will be near impossible. The reason being there is no money to artificially duplicate and lend out. For every dollar in a note that goes into default (foreclosures) investors are responsible for keeping 7 dollars in liquid assets (usually cash) on hold to cover damages for the mal-invested property. Under current regulations, like the banks for every dollar available in accounts investors are able to loan out ten times as much without penalty. So if the typical $400,000 house in San Diego goes into default the investor is responsible for maintaining $2.8 million in cash and therefore cannot loan out (artificial money) $28million to hopeful homeowners.

These rules which benefit only the super-rich who can invest in terms of millions of dollars are being taken care of. Our job is a lot more simple. There are government programs and private companies that are here to help homeowners stay on track towards homeownership. Some programs and companies keep vested interests on people’s homes, meaning they’ll become part owners and profit when the property sells and there are many fraudulent companies throughout America taking advantage of distressed families and doing little or nothing for their situations while benefiting financially from these worried families. Since this economic situation is going to take about 4-6 years to resolve itself. People need to be aware that they should look for modified terms with their homes of at least 5 years or preferably 30 or 40 year traditional terms.

They need to look at their complete financial pictures (monthly/yearly budgets) and see exactly where all their troubles are. Most of the time the mortgage is only part of the problem and after revising their budgets find that even with a modification on their home loans they will still be in a deficit each month with all their other rising expenses. This is exactly why some homeowner assistance firms like Dyer Beech stress financial education before anything else. Almost 75% of people who enter into modified terms end up in a similar or worse situation within 36 months of when they thought they were getting their finances in order. Government programs are available for free to those who cannot afford to pay for HELP.

The HOPE now program is free and there is usually a vested interest clause included for their services and a long waiting line to start work on ones case which is dealt with by government employees who have backgrounds similar to DMV clerks. The Dyer Beech HELP Now Program, which has been featured on news networks all over the US for their merit, ability to secure the strongest financial positions for their clients, their reputation, and their level of authority in this volatile economy is the most sought after comprehensive program for homeowners according to local and national news networks and is being copied by other homeowners assistance firms, sometimes illegally; so watch for people posing as Dyer Beech employees.

About 10-15 people will be working on each homeowner’s case, the ones negotiating directly with the banks and investors are CPA’s, financial planners, and the head negotiator, a real estate attorney. Dyer Beech prides itself on their success rate which is in the mid 90’s and the number of referrals their advisors are offered. By securing a loan modification which is comfortable for the client to afford each month for 30 years and taking care of the clients other financial problems which usually consist of credit card debt, low credit scores, high property taxes, and lack of financial knowledge and planning Dyer Beech is able to present itself as the emerging leader in the financial solutions market. If you know anyone who could benefit from this knowledge you need to understand they are at a fork in the road financially, and if they stay on their course they could end up out of their homes, bankrupt and wondering what happened in a matter of months.

But with you referring family and friends through a call, or email you can help them solve every financial problem that’s on their minds everyday day and night and for your trouble for every referral Dyer Beech gets you’ll receive a $75 gas card for your patronage. Houses are being lost everyday due to poor regulation, easy lending, and consumer misinformation. I want you each to think of everyone you know who could use this information and figure out how you’re going to approach them about what we shared here. Time may be of the essence in these situations and each and every situation is different and takes different amounts of time to sort out, develop a solution, and then implement that complete solution. Of the percentage of loan modifications that fail a great part of the reason Dyer Beech is unable to fix their mortgage is because there simply was not enough time to get everything in front of the investors and lenders who hold the notes before it is lost to foreclosure. If you think of anyone who can use this info please refer them to this blog and our website www.yourhomestart.com and give them my contact info so that we can develop a solution for their financial difficulties.

For more informationation please visit www.YourHomestart.com