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Slade Law Center
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2324, Tequesta Dr, Suite B
Tequesta,FL
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| RECENT SATISFIED CLIENTS |
April.30.2009
We specialize in Loan Modification Processing
April.27.2009 "After trying to refinance our loan to stop foreclosure on our house, we found a member of the flmb to help us out of repossesion process and prevent foreclosure with a financial crisis." Carol Bingham New Orleans, LA
March.17.2009
,"We were receiving letters from our lender threatening foreclosure. .Thank you for getting a loan modification for us.".Karen Brewer, Pheonix,AZ
February.15.2008
,"Thank you for saving our home.".Perry Harris,Charlotte North Carolna
June.25.2008
"Our monthly payment went from $2700 down to $1400 and our interest rate went from 9% down to 5%, Thank you for stopping foreclosure on our home". Selena Davis,Miami FL
September.12.2008
"We were getting foreclosure letters from the bank everyweek. I am so glad we found you to save our family home. The loan modification you got for us lowered our payment from $3200 down to $1800 and our interest rate went down from 8% to 5.5%. Thank you so much." Lisa Gomez,Baltimore MD
October.02.2008
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November.22.2008
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Related articles.
Federal government bail out money is available for you and we will get obtain your share of these funds.
Sheila C. Bair, chairwoman of the Federal Deposit Insurance Corp. She suggested last week that "the government set out a standardized loan modification package for loan servicers to follow, enabling them to do workouts faster. In return for their picking up the pace, the government would guarantee some or all of the newly modified loans. "
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What is a loan modification?
Find Out How To Get Your Loan
Modified For Free! Call Now
888-422-0217
A permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the lender can afford.
Based upon this scenario, the home owner should conduct a financial review of the household income and expenses to determine if surplus income is sufficient to meet the new modified mortgage payment, but insufficient to pay back the months behind. Once this process has been completed the home owner should then consult with their legal counsel to determine if the asset is eligible for a Modification since the spouse is not on the original mortgage |
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News and Related articles.
| Written by Administrator |
| Saturday, 13 December 2008 |
WASHINGTON — President-elect Barack Obama Saturday said he will nominate New York housing official Shaun Donovan as Secretary of Housing and Urban Development , calling the job "essential" to restoring the economy.
"To end this economic crisis, we must end the mortgage crisis where it began. This all started when Americans took out mortgages they couldn't afford," Obama said in a text of his weekly radio address to be delivered Saturday morning.Noting that one in ten homeowners now faces some form of financial problem, a record high, Obama said he's already asked his forming administration to produce a plan that help more people keep their homes.He called the Housing and Urban Development job "essential" to that government-wide work, and called Donovan uniquely qualified to fixing the problem with a balance of help for needy families to stop foreclosure and the recognition that they should only buy what they can afford. Mortgage Loan Modification
"He knows that we can put the dream of owning a home within reach for more families, so long as we're making loans in the right way, and so long as those who buy a home are prepared for the responsibilities of homeownership," Obama said.An adviser to Obama's campaign, Donovan, 42, is commissioner of the New York City Department of Housing Preservation and Development , where he oversees a $7.5 billion program to provide affordable housing to 500,000 people.While there, he's overseen efforts to handle the problems caused by the mortgage crisis, most notably the rise in foreclosures on people who fell behind on their mortgages.The department, for example, helped create a center offering counseling, education and legal services to help owners or renters facing evictions stemming from foreclosure to stay in their homes. In 2005, it started offering education, credit and legal assistance to those most at risk of predatory lending.He was named to the post in 2004 by New York Mayor Michael Bloomberg .efore that, he was a HUD official in the Clinton administration and worked at Prudential Mortgage Capital Company managing its Federal Housing Administration lending and affordable housing investments.
By Steven Thomma, McClatchy Newspapers
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