KEEP THE HOMEOWNER IN THEIR HOME!! PLEASE!!!!

By
Real Estate Mortgage Broker with Seacoast Mortgage Corporation, RI, MA & CT

Come on lenders!  Hurry up and adopt the "Hope for Homeowners" program being offered by FHA.  This program will help so many home owners stay in their homes and by staying in their homes, the economy will recover!!!  We MUST keep the homeowners in their home: our homes are our number ONE concern.  That's why the car industry, retail industry, restaurant industry, etc... are all suffering.  The consumer will not consume if they do not have a roof over their heads they can call their own.

We need programs like this new FHA program and we need others!  I am still advocating my proposed "Taxpayer Plan" : see my former blog.  This plan would allow for a 90% refinance of the home at the current value and any amount owed over the 90% would be a 2nd lien placed on the home, which would be due and payable upon sale of the home.  If there are insufficient proceeds, a 1099 would be issued to the consumer.

The 2nd lien would be owed to the government.  A portion of the "bail-out" funds would be used for this purpose.  In this manner, the lenders would all be paid off.  We need to keep the remaining lenders viable.

Let's keep the homeowner in their home!!!!

 

 

Ann Sabbagh

Vice-President

Seacoast Mortgage

508-243-1190 (cell)

www.annsabbagh.com

 

Licenses in RI, MA, CT and FL

 

"When you choose me as your mortgage consultant, you also choose a financial planner who has YOUR financial strength as the PRIMARY concern"

Posted by

Ann Sabbagh, Vice-President

"The BEST compliment is a client referral: Thank YOUUU!"

Seacoast Mortgage Corporation

401-305-6906 or 508-243-1190

Residential & Commercial Financing

MLO10920

RIAR: teacher for "The Mortgage Course"; "Valuation of Commercial/Investment Real Estate"; "Reading Financial Statements"

 

"When you choose me as your mortgage consultant, you also choose a financial planner who cares about YOUR financial strength."

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Topic:
ActiveRain Community
Location:
Rhode Island
Groups:
EXPRESS WITH WORDS AT ACTIVERAIN
LATE NIGHT - EARLY MORNING AT ACTIVERAIN
Mortgage Referrals Only
Mortgages
The FHA Mortgage Group
Tags:
short sales
fha
hope for homeowners
hope for home owners
fha lending
ma
ma fha
ri fha
ct fha

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Seacoast Mortgage: Your place for:RI loans, MA loans, CT loans, FL loans, commercial loans, residential loans, FHA, VA, USDA, 100% financing, FSBO (for sale by owner) assistance. Find a loan in RI, find a loan in MA, find a loan in CT,RI mortgages,CT mortgages,FL mortgages,MA mortgages. Do you qualify for a loan? At Seacoast Mortgage, we qualify you within your means. What you can afford is different than what you qualify for. Call us today!