NATIONAL Administration reforms HAMP After seeing that HAMP failed to reach the targeted homeowners, the Obama administration announced the extension of the program to bring relief to a larger share of struggling homeowners as well as renters. Principal reduction is one of the key adjustments the modification centers around. HAMP currently includes an option for [...]
After seeing that HAMP failed to reach the targeted homeowners, the Obama administration announced the extension of the program to bring relief to a larger share of struggling homeowners as well as renters.. Principal reduction is one of the key adjustments the modification centers around. HAMP currently includes an option for servicers to provide underwater [...]
NATIONAL The foreclosure settlement draft reached the final stage The first announcement came from HUD Secretary Shaun Donovan, who said last week that the state attorneys general are ready to sign the settlement with the nation’s largest servicers in just a few week. Now DsNews reports that a spokesperson for Iowa Attorney General Tom Miller’s [...]
The first announcement came from HUD Secretary Shaun Donovan, who said last week that the state attorneys general are ready to sign the settlement with the nation’s largest servicers in just a few week. Now DsNews reports that a spokesperson for Iowa Attorney General Tom Miller’s office is corroborating the claim, saying that the settlement [...]
NATIONAL The FED and the Congress disagree over the best path to economic recovery While the Congress and the Fed have a common goal: the economic recovery, which relies on the housing market recovery, they seem to disagree when it comes to make action, because they have different action plans achieving their goals. Last week [...]
The number of failed Home Affordable Modification Program trials put into foreclosure is rising, according to Treasury Department’s recent data released last week. Canceled HAMP trials, that hit 615,000 last year are likely to end up in foreclosure and the percentage of failed trials pushed through foreclosure doubled compared to last year, by reaching 10.6% [...]
NATIONAL HAMP loan modifications pass 900,000 as we enter into the election year According to the Treasury Department’s report released Monday the Home Affordable Modification Program or HAMP is a great success (sic) as nearly 910,000 homeowners have received permanent loan modification to date through the federal program. The numbers are amazing: the Treasury said [...]
NATIONAL Senator Urges OCC to Reform Abandoned Foreclosure Rules Sen. Sherrod Brown wrote to the Office of the Comptroller of the Currency a couple days ago asking the agency to reform its policies governing how banks treat homes abandoned prior to foreclosure. In his letter he questioned the guidance the OCC released at the end [...]
NATIONAL Sen. Scott Brown asks for criminal investigation of GSEs Sen. Scott Brown believes the civil lawsuit filed by the SEC (Securities and Exchange Commission) a couple days ago against ex-CEOs of Freddie Mac and Fannie Mae, fails to achieve justice and accountability for the American. He is trying to push the Justice Department and [...]
NATIONAL November 2011 scorecard published The Treasury and the HUD recently released the latest edition of the Obama Administration’s Housing Scorecard. The most recent survey featured as news the scan of the nation’s 10 largest mortgage servicers participating in the Making Home Affordable Program, in order to promote transparency regarding its performance. The Scorecard tracks [...]
I had two properties with no renters, and both were “under water”. I had resolved myself to letting them go into foreclosure. This would have crushed my credit and I was unsettled about it to say the least.
I had a credit score of 770 and was in danger of loosing the good credit my wife and I had worked so hard to get. I decided to give Eureka a try and I am very glad I did. I just closed one loan and the other is in the process of negotiations and should close very soon.
As soon as I had this service on my side, I was able to point the creditors to them for any questions. Once the creditors had this information on file, their calls slowed to a crawl, almost overnight. I have not heard from any of the creditors from either property for a long time. I felt like I finally had someone on my side. For the first time in months, I was able to sleep without worrying about what the future held in store.
If you are in a situation where you need to sell your property and get out from under that debt, Eureka is your answer. I do not need to wish you “good luck” as Eureka will do everything they can to make your problems a thing of the past. The sooner you act, the better things will be. Give them all the information they ask for and let them take over. You’ll be glad you did.
Alan Moses
Germantown, MD
