October 19th, 2008 11:20 AM by Uletas Greene Carter
Facing foreclosure? Know your rights! Homeowner Alert.
Are you one month or more delinquent on your mortgage payment? Get important answers to some critical questions by calling me today for a FREE professional, confidential and courteous consultation. I will explain your rights, detail your options and provide you with solutions. The longer you wait the more difficult it will be to negotiate with the bank. 626-388-1500.
Also nearly 400,000 U.S. homeowners may soon be able to secure more affordable home loans after Bank of America agreed last week to a mandatory loan modification program that impacts loans originated with its Countrywide Financial unit.
The mandatory loan modification program -- which is technically called the "Home Ownership Retention Program for Countrywide Customers" -- is said to provide relief to homeowners who were put into the riskiest types of loans.
In California as many as 124,000 struggling California homeowners could see their monthly mortgage payments lowered as a result of the settlement. California continued to document the nation's second highest state foreclosure rate, with one in every 130 households receiving a foreclosure filing in August of this year (said differently, foreclosure filings were reported on 101,724 California properties in August, one-third of the national total and the most of any state.)
Whether or not Countrywide is your lender, please call me today for a free consultation. 626-388-1500. Uletas Greene Carter