From the Desk of Don Draughn - Debt Counselor - Financial Debt Freedom
After talking with numerous clients I have come to a conclusion on how desperately many homeowners need to have their mortgages modified. I am hearing over and over again that they have contacted their lenders when they are having trouble making their payments and are having a very hard time getting through to the right people or even getting someone to call them back after they have finally reached them. This simply tells me that if you need help with your mortgage to stop a foreclosure of just to avoid getting to the point where foreclosure starts you need to talk with someone like me - a third party that will get involved in the process and will have a much better chance of getting your mortgage modified.
If you are facing FORECLOSURE and need help saving your home you need to call me at 888-711-9080 ext 304.
If you are behind on your mortgage payments and need help getting caught up, you need to call me at 888-711-9080 ext 304.
If you have and adjustable rate mortgage that is due to adjust or has already adjusted, you need to call me at 888-711-9080 ext. 304.
If your are afraid you will get behind on your mortgage payments, you need to call me at 888-711-9080 ext. 304.
If your situation has changed in a way that causes you to no longer be able to keep up with your mortgage you need to CALL ME AT 888-711-9080 EXT. 304
From the Desk of Don Draughn - Debt Counselor - Financial Debt Freedom
The problem of foreclosure is getting bigger and bigger. There is a solution that many homeowners are not aware of: Mortgage Loan Modification. Iowa Attorney General Tom Miller has a few words to say about what can be done. If you or someone you know is having difficulty paying their mortgage or facing foreclosure, give me a call right away. I may be able to help. You will never know unless you call.
Don Draughn is a Debt Counselor and Manager of Financial Debt Freedom (a debt counseling service). He can be reached at (336) 294-5860.
From the Desk of Don Draughn - Debt Counselor - Financial Debt Freedom
I read an article in USA Today Money on Wednesday that I think everyone who is considering Mortgage Loan Modification should read. It shows just how large this problem is and how help can be found. There is a link to the story at the bottom of this post.
One thing that really jumped out at me is the following quote,
"Those who have managed to save their homes remain a small fraction of people at risk of losing their properties. One in every 464 U.S. households received a foreclosure filing in July, according to RealtyTrac. More than 2.2 million foreclosure filings were reported during 2007, up 75% from 2006. The number of homes in some stage of foreclosure was up 79%, indicating that some properties may have just entered the initial stage in 2007 and could be completing the foreclosure process in 2008."
It is amazing to me that so many people are facing losing their homes and are unaware that help is available. Word needs to gotten out. YOU CAN SAVE YOUR HOME!!!!!
If you are facing this terrible dilemma, please pick up the phone and call me. I can guarantee nothing but we will never know until we talk. There is no obligation to anything but there just may be hope to keep you from losing your home to foreclosure.
The article can be read here: Some struggling homeowners find way to dodge foreclosure.
Don Draughn is a Debt Counselor and Manager of Financial Debt Freedom (a debt counseling service). He can be reached at (336) 294-5860.
From the Desk of Don Draughn - Debt Counselor - Financial Debt Freedom
Take advantage of the small window of opportunity to NEGOTIATE your payment, terms, and principal of your real estate loans! No qualifying, No credit checks, No points! Save your credit! Stay in your home! Keep your investment properties! There are options available to get a lower payment agreement with your lender! It's not too late... even if the notice of default has already been filed! Secrets to STOP the foreclosure process!
The banks will never put themselves in this position again. You can benefit from this situation
Do you owe more than your property is worth?
Are you behind on mortgage payments?
Are you negative on your rental properties cash flow?
Are you paying over 6.5% on any loans?
Do you not want to go through the outrageous cost of refinancing?
SPECIAL NOTICE: Investors. Now PURCHASE new properties with a loan modification in the purchase agreement!
DON'T WAIT ANY LONGER AND TAKE ADVANTAGE OF THE OPPORTUNITY THAT HAS BEEN AFFORDED YOU!
Has your dream of home ownership turned into a nightmare of sky high interest rates, unaffordable payments, constant worry and the very real possibility of losing your home?
There are over 5 million U.S. home owners that will lose their home to foreclosure and 30 million households behind on their mortgage.
This DOES NOT need to happen to you or your family!
For a very limited time, you have the opportunity to take advantage of the political pressure being applied to all lenders to accept Loan Modifications and help keep home owners in their homes.
We have been in business 27 years, have relationships with 1400 lenders, and are 100% successful. We won't even take on your case unless we know we can reduce your interest rate and monthly payments. And to prove that, just send us your latest lender statement for EACH loan on your property including a home equity line of credit. Our price of $3,495 includes ALL loans on your property! Just fax them now to 435-603-3010. When we take on your case, although this has never happened, if we can't reduce both your interest rate and monthly payment, we will refund 100% of your fee. No ifs, ands or buts about it.
OUR AVERAGE INTEREST RATE REDUCTION IS TO 5 ½%
How would ANY of these loan modification results be beneficial to you or your family?
·Missed payments are forgiven or moved to back end of the loan.
·Monthly payment is reduced to fit your ability to pay.
·High interest rate is reduced to create an affordable payment.
·Adjustable rate is converted to lower fixed-rate loan.
·Lender may forgive part of loan balance to match home's value.
·Foreclosure process is stopped and lender modifies loan terms!
·Negative amortization loans are converted to non-negative fixed.
•Any and all of this is available.
CALL ME RIGHT NOW at 888-711-9080 for a FREE Consultation,
Get a Fresh Start! CALL NOW!
Thank you,
Don Draughn
Senior Loan Modification Specialist
Financial Debt Freedom
4100 Mendenhall Oaks Parkway
Suite 170
High Point, NC 27265
336-294-5860 office
435-603-3010 fax
From the Desk of Don Draughn - Debt Counselor
Loan Modification- This term has been getting a lot of attention lately and rightfully so. With millions of homeowners stuck in toxic adjustable rate mortgages and no ways to refinance out of them, loan modifications may be the only way to assist struggling borrowers. This term is used when your lender modifies your current mortgage (same loan you have, only changes are made to the note) in order to work with you and make your mortgage more affordable. A modification to your rate, balance of loan, delinquent fees owed, term of loan etc. can be made by the Lender. In the past this was only used when a borrower was delinquent but now we will see it being used before someone is delinquent. This will be the hottest term and the best way to help people avoid foreclosure.
A Loan Modification will change the existing mortgage note and give the client a fresh new start in managing their home. Accounts will be brought up to date immediately.
With a loan "modification" you take the mortgage you now have and change the interest rate and payment requirements in order to achieve a fixed rate. A change in rates and payments does not result in the need for a new closing, legal fees, survey, appraisal, or taxes. In contrast, if you "refinance" a loan you'll be required to have a closing and forced to pay a variety of fees and taxes.
Lenders are willing to negotiate when borrowers are facing financial difficulties and can't obtain other financing alternatives. Financial Debt Freedom shows the lender why it would be in the lender's best interest to agree to a workout arrangement. In turn, the lender will reduce the loan interest rate, reduce monthly payment amounts or change other loan terms to allow for an affordable loan to allow the homeowners to avoid foreclosure.
Financial Debt Freedom brings the two parties of problem loan together to mutually agree to a workout that creates new and better loan terms which are affordable and realistic. The hope is that the new loan will enable to the borrower to meet their obligations. And with Financial Debt Freedom's detailed personalized financial analysis, this hope becomes a reality. Our clients accept the loan that is affordable to them, and never need worry about foreclosure again.
Don Draughn is a Debt Counselor and Manager of Financial Debt Freedom (a debt counseling service). He can be reached at (336) 294-5860.
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Honesty! Integrity! Two principles upon which I have built my business. Whether you need help with your mortgage or credit card debt I can help you get out of debt the smart way! *Proverbs 22:1*
Loss Mitigation and Loan Modification.
When you enroll in our Loss Mitigation and Loan Modification program the first thing we do is evaluate your file, including Forensic Loan Document Investigation by staff attorneys, to determine what negotiating power we will have with your bank. Some of the terms that could be changed are:
1) Changing an adjustable rate to a fixed rate.
2) Lowering your interest rate and payments.
3) Extending the term of your mortgage.
4) Reducing the principal balance of your mortgage.
The whole process usually takes 45 to 60 days and is designed to keep you in your home and help you avoid foreclosure.
Consumer Debt Management.
In today's economy, more and more families and individuals are struggling to pay their bills through no real fault of their own. Studies consistently show, that consumer debt is the highest it has ever been, and more and more people are simply "over their heads" in debt, making minimum payments on a debt they will never be able to pay off.
If you fit into one of the following categories you may be a good candidate for a Debt Management Program.
Here is what a person can expect when they allow a debt management company to represent them and disperse their payments. Consumer Debt Settlement More and more people are opting for debt settlement due to being in default and their credit is already damaged. In this program, you opt to allow a team of attorneys to settle your debts. These attorneys will agressively challenge your creditors to follow every letter of the almost 200 laws that protect consumers and will negotiate to settle your debts for 55% to 60% of the balances. This all takes 18 months or less to accomplish.
I have spent the last seven years in the mortgage industry as a loan officer assisting families with their purchase and refinance mortgage needs. In that time I have learned a great deal about what it means to help my clients with their financial needs and show them how they can reach their financial goals. Having this experience gives me an edge in understanding how bad things happen to good people. Sometimes, things happen that put you in a situation where you are unable to keep up with your monthly debt payments.
I also have learned the value of treating my clients in a professional, ethical and integrous way. The business community has too many people in it that are only out to get what they can get and move on. You won't find that with me. I will listen to what you have to say and try to find a way through the tangled web of debt you find yourself in. If I cannot help you, I will be the first to tell you. I make that promise to you.
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
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