Homeowners can now reduce their monthly payments and stay in their homes. Here’s how…

It’s a simple two-step process:

1. Sell your house for what you owe, then lease it back with a monthly payment typically 40% to 60% lower than your current mortgage payment!

2. After the lease ends, you can purchase the home at 90% of the current value, with owner financing!

The residential SLB program works for mortgages from $200,000 to $10,000,000. Some restrictions may apply.

Duration : 0:0:47

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Technorati Tags: foreclosure, funding, Home, house, mortgage, OneTrueMedia, OWN, partners, real, realty, rent, sale, smart, to, under, water

Michigan’s welfare system is gorged with new clients who often wait hours in crowded state offices to get food stamps and medical care.
http://www.freep.com/article/20091122/NEWS06/911220433/1322/Michigan-jobless-crowd-state-aid-offices

Oct. foreclosures in Mass. jump from Sept.

http://www.boston.com/business/ticker/2009/11/oct_foreclosure.html

Colorado foreclosures hit record in Q3

http://www.google.com/hostednews/ap/article/ALeqM5hZvP8ixN-HdP6D4BwRTqryTvrj3QD9C2PLUG0

Foreclosures: Even Those with Good Credit, Jobs are Walking Away

http://ecreditdaily.com/2009/11/foreclosures-even-those-with-good-credit-jobs-are-walking-away-article331/

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Duration : 0:6:11

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Mike Kelly of Keller Williams Real Estate takes you through the pros and cons for home owners on both sides of the Short Sale and Foreclosure issues. This is essential viewing if your mortgage is in trouble.

Duration : 0:5:28

foreclosure-the-tradeoffs#more-157″ class=”more-link”>(more…)

Technorati Tags: County, down, estate, foreclosure, mortgage, real, sale, short, shortsale, Sonoma, under, upside, water

This video discusses under what circumstances a borrower may choose to walk away from their underwater home even if they can afford to make the mortgage payment. Topics include foreclosure deficiency judgments and potential for the lender to pursue the borrower upon default of their mortgage loan.

To learn more about your distressed property options please visit our website at: www.shortsalecircle.com

Duration : 0:2:17

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Technorati Tags: alternatives to foreclosure, can i short sale, deficiency judgment, distressed property, foreclosure, foreclosure alternatives, going dark, short sale, stop mortgage payments, strategic default, underwater home loan, underwater mortgage, walk away, walking away from home

**Sign the petition: https://www.change.org/petitions/co-wilson-and-associates-dont-foreclose-on-helen-bailey

Occupy Nashville is trying to save 78-year-old Helen Bailey’s home from foreclosure from Chase Bank.

Helen Bailey is a 78 year old woman who participated in the civil rights movement, worked as a childcare provider for autistic children, and was a community volunteer. She has paid her mortgage since 1999, but now she can’t keep up the payments. All she wants is to stay in her home until she dies, in the neighborhood where she feels safe and has lived for nearly quarter of a century. She could have refinanced with a company willing to let her live in the house for free until her death, but Chase Bank would not reduce her principal by $9,000. She’s been paying 7% interest, well above most rates, so Chase could have decided they had made enough. Instead, they have started foreclosure and Ms Bailey could end on the street.

Since then, Ms Bailey’s lawyer has found an alternate buyer for her home. This sale would provide Ms Bailey with an exit from her current mortgage and allow her to pursue other options for housing. We request that Chase:

· accept the offer of $85,000
· write off any deficiency between the loan balance and the offer
· waive all interest, legal fees and penalties accrued since the initial refinance offer
· cancel any foreclosure auction scheduled

It has been estimated that at foreclosure, Chase may lose over $30,000 compared to this settlement offer. Therefore this option makes the most sense financially for Chase and given Ms Bailey’s specific circumstances, there is little moral hazard in this solution.

Tell Chase that in Nashville, in America, we don’t throw elderly ladies out on the street. In Nashville, in America, we fight for what’s right. Helen Bailey marched for civil rights. It’s our turn to march for Helen Bailey.

Duration : 0:10:13

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Technorati Tags: bailey, bank, chase, conference, estate, foreclosure, Foreclosures, helen, Home, homes, interview, nashville, occupy, press, real