Homeowner Affordability & Stability Plan

Mortgage Articles of Foreclosures

Homeowner Affordability & Stability Plan

President Obama announced the Homeowner Affordability and Stability Plan today.

He expects to help between 7 and 9 million homeowners avoid foreclosure through work out solutions and refinancing.

* Only to owner occupied homes

* Single Family 1st lien with unpaid principal balance not the exceed 729,750

* Loans can only be modified under the plan once

* Front end debt to income ration is 31% and backend DTI is 55%

* Borrower required to vertify income via tax returns and pay stubs

* 2nd liens can be extinguish on approved modified loans.

ShortSale Testimonial

Property Value: $170,000
2238 FORELAND DRIVE, Houston, Texas 77077

Total Owed: $254,191
Accepted: $173,000
Time to Negotiate: 160 Days

Dear Vinh, Thank you for all the help you have provided us on our 1st and 2nd B of A loan. In the beginning of the process we were worried, skeptic and over whelmed with all the paper work. But, you and your team made the process smoothly. The bank did take a long time on our paper work, being persistence and calling them day in and out was troublesome, after 4 long months of determination it was worth it. I especially appreciate the hard work and dedication you and your team have provided us. Your assistance has been invaluable to me during this process. Again, thank you so much. I am greatly appreciated for all your dedication in what you do for us and all others out there. Best Regards, Erickson

Recent Houston Preforeclosures

HOUSTON TEXAS 77082 Preforeclosure Shortsale

Trustee Sale Date: Mar 2, 2010
HOUSTON, TEXAS 77082
Owed:$884,253 | Accepted:$719,253

KATY TEXAS 77450 Preforeclosure Shortsale

Trustee Sale Date: Mar 2, 2010
KATY, TEXAS 77450
Owed:$320,000 | Accepted:$317,500

Houston Texas 77077 Preforeclosure Shortsale

Trustee Sale Date: Feb 2, 2010
Houston, Texas 77077
Owed:$254,191 | Accepted:$173,000

Houston Texas 77095 Preforeclosure Shortsale

Trustee Sale Date: Feb 2, 2010
Houston, Texas 77095
Owed:$161,200 | Accepted:$120,000

Houston Texas 77062 Preforeclosure Shortsale

Trustee Sale Date: Feb 2, 2010
Houston, Texas 77062
Owed:$225,000 | Accepted:$220,000

Houston TEXAS 77057 Preforeclosure Shortsale

Trustee Sale Date: Dec 1, 2009
Houston, TEXAS 77057
Owed:$335,000 | Accepted:$245,000

Houston Texas 77055 Preforeclosure Shortsale

Trustee Sale Date: Dec 1, 2009
Houston, Texas 77055
Owed:$457,000 | Accepted:$350,000

HOUSTON TEXAS 77429 Preforeclosure Shortsale

Trustee Sale Date: Nov 3, 2009
HOUSTON, TEXAS 77429
Owed:$336,000 | Accepted:$226,000

Trustee Sale Date: Nov 3, 2009
Katy, TX 77450
Owed:$681,460 | Accepted:$500,000

Houston Texas 77080 Preforeclosure Shortsale

Trustee Sale Date: Oct 6, 2009
Houston, Texas 77080
Owed:$91,500 | Accepted:$81,500

WhiteSites | Blog