Saturday, 20 November 2010 20:17

Is HAMP Dead?

“It’s safe to say that HAMP isn’t meeting its goal of preventing foreclosures,” Representative Maxine Waters said at a House Financial Services subcommittee hearing after the Treasury provided a preview of a report by the U.S. Treasury Department. According to the report, homeowners are dropping out of the Obama administration’s foreclosure prevention program at a faster rate than they are joining it. Bankers, housing regulators and members of Congress agreed on this much in the week's second congressional hearing on foreclosure problems: The system needs fixing. Borrowers aided by the Home Affordable Modification Program grew to nearly 520,000 in October, up 23,750 from a month earlier, the Treasury said in its monthly report. The increase was less than five percent. A total of 36,300 borrowers have dropped out of the plan for failing to make their payments, an increase of 24 percent from a month earlier.

The Treasury and the Department of Housing and Urban Development issue monthly progress reports on HAMP, a $50 billion program authorized by Congress in 2009. The program was targeted to reach more than 3 million homeowners by paying mortgage servicers $1,000 to rewrite loan terms and $1,000 annually as long as the borrower participates, up to three years. The program has been faulted by lawmakers and watchdogs including Neil Barofsky, special inspector general for the Troubled Asset Relief Program, for the high number of recipients who default on mortgages after getting the government aid. Banks seized more than 93,000 homes in October, according to Irvine, California-based data seller RealtyTrac Inc.

There were nearly 3.3 million foreclosure starts from September 2009 through September 2010, according to LPS Applied Analytics in Jacksonville, Florida. Mortgage servicers say they are trying to balance the needs of borrowers and the demands of investors who own their loans. “We’ve reached a crossroad between modification efforts now and the reality of foreclosure. Despite our best efforts and numerous programs, for some customers foreclosure will be unavoidable,” said Rebecca Mairone, default servicing executive for Bank of America Corp. home loans, at today’s House hearing.

 

Published in News Blog
Tuesday, 26 October 2010 22:20

Mortgage Mods Slow

October 26, 2010 There were 28,000 permanent mortgage modifications reported in September under the Home Affordable Modification Program, known as HAMP. That's down from more than 33,000 in August. A total of 495,898 borrowers have received permanent loan modifications since HAMP was launched in 2009. Of that half-million homeowners, 11% redefaulted on their new lower-cost loans after nine months. After six months, less than 10% of modified loans were delinquent. Banks start by offering trial modifications to see if homeowners qualify for the program and can afford the new payments. Nearly 1.4 million trials have been started thus far, with 35,297 of them happening in September. Raphael Bostic, assistant secretary of the U.S. Department of Housing and Urban Development, said the Obama administration's efforts have helped "millions of families" stay in their homes, though no one else seems to agree with him.

"With many unavoidable foreclosures still in the pipeline, it's clear that we have a hard road ahead," Bostic said in a statement. Indeed. Meanwhile, according to the Special Inspector General for TARP, a congressionally mandated watchdog for the program The Troubled Asset Relief Program has so far "fallen woefully short" of preserving homeownership through the Obama administration's modification efforts. "For example, as SIGTARP has noted in past quarterly reports, increased moral hazard and concentration in the financial industry continue to be a TARP legacy," according to the report. "The biggest banks are bigger than ever, fueled by government support and taxpayer-assisted mergers and acquisitions."

Copyright Loss Mitigation Institute LLC 2010.
All Rights Reserved.

Published in Realtor NEWS
Monday, 28 June 2010 19:59

Become a Private Lender

…Investing in real estate as a secured lender.

In a nutshell, what this means is you get an excellent interest rate on your money, secured by a specific piece of property. If things go well, you get your money back, on top of a very attractive interest rate. If for some reason the borrower runs into difficulty, your investment is more than covered by the value of that property.

Secured loans are no longer just for banks Banks aren’t known for taking risks, right? That’s because they invest in this same way: They charge a healthy interest rate, and want your house as security (collateral) for the loan. They either get the healthy interest rate, or they get your house! Not a bad deal for them, wouldn’t you say?

The great news is that the rest of us now can invest in the same way banks do: You get an even better interest rate than the banks can charge, and you have substantial collateral securing your loan.

Why doesn’t Wall Street talk about this opportunity? It’s simple: Because they don’t make their fat commissions from these types of investments, so they don’t want people to know they exist. They want to put blinders on you, and have you focus on just the types of investments that make THEM the most money…not the ones that make YOU the most money.

Learn more about what you’ve been missing! This website is full of information on investments that can potentially earn you a solid return, WITH safety.

Who are we, and how do we know about these investments? We’re real estate professionals. Not real estate agents, who simply list homes that people want to buy and sell. Instead, we’re real estate problem solvers.

We are constantly in the local real estate market as investors ourselves: finding houses that people must sell quickly…finding ways to get hard-working families out of the "rental rat race" and into a home, even if they have credit problems, etc.

To be honest, we find more good real estate opportunities than even we can invest in at any one time. That’s why we use a large network of banks, mortgage companies and investors to participate along with us.

We invite you to see what you’ve been missing. Please browse this site and see for yourself the excellent investment opportunities that the "pillars of your community" have known about for years, but cannot keep to themselves any longer.

CLICK HERE for more information on how you can become a Real Estate Private Lender and put your money to work earning you a solid return, with your funds secured by real estate!


ATTENTION INVESTORS! Are you an Investor looking for high returns?
Give us a call, we have investment opportunities secured by Real Estate!
877-292-6068

Would you like more information on how you can benefit from the current preforeclosure/short sale market?

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Published in Uncategorised
Sunday, 27 June 2010 02:16

About SwingSign

SwingSign Corporation

SwingSign is a Real Estate Solutions Company. We help families avoid imminent lender legal action, sell their distressed home and move on with their lives. SwingSign serves homeowners and their Realtors® nationwide.

SwingSign Corporation is a Texas Corporation, based in San Antonio.

Our focus is the acquisition, negotiation, and liquidation of “distressed” commercial and residential properties nationwide. We are real estate solutions specialists and have successfully optioned, negotiated, bought, and sold, distressed commercial and residential properties helping distressed owners all around the United States. SwingSign relies almost entirely on referrals from our current and past clients and an ever growing invaluable network of local Real Estate Professionals around the country.

SwingSign has produced an array of solutions focused on providing real estate solutions for home owners, business owners, and real estate professionals around the country.

We invite you to take some time to investigate our resources and hope to hear from you on how our one-on-one program can help you as an owner, Realtor® or real estate investor today!

Published in Uncategorised
Sunday, 27 June 2010 02:07

SwingSign Realtor® Short Sale Systems

SwingSign Solutions


Our focus is the acquisition, negotiation, and liquidation of “distressed” preforeclosure properties. We are short sale specialists and have successfully optioned, negotiated, bought, and sold, preforeclosure properties helping distressed homeowners all around the United States. We rely almost entirely on referrals from our current and past clients and an ever growing invaluable network of local Real Estate Professionals around the country.


Dear Realtor®;
Are you about to lose a 'distressed property' listing to foreclosure? Maybe you need an Investor to make an offer? Or maybe you just need an experienced Short Sale Negotiator to work with the lender and help you through the Short Sale process? SwingSign can help you! Click on your state and fill out the simple form:

(866) 631-1015 Toll-Free
Call SwingSign For Your Solution!
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SwingSign Corporation ©2000 – 2012 All Rights Reserved

Published in Uncategorised
Sunday, 27 June 2010 02:06

Realtor® Commissions Guaranteed

SwingSign Systems

ATTENTION REALTORS®: WE WILL GUARANTEE YOUR FULL COMMISSION!

 

In a nutshell, SwingSign is your (Realtor®) short sale solutions company! As your short sale specialists, we do all your short sale negotiations at no cost to you or your client in default, freeing you to do what you do best...list and sell more real estate!

 

We are short sale experts. In fact, we have been doing short sales and loss mitigation for 6 years, long before it was “the thing” to do.

 

More importantly, 80% of business comes from referrals and here's why: When you (the Realtor®) negotiate with the lender, they will usually negotiate your fees down so you're lucky to get 2% commissions. In addition, you will be spending countless hours on the phone trying to deal with the lender. Truth be known, you're likely spending 25 hours a week with following up on short sales, making calls, and tracking down replacement paperwork. Right?

 

SwingSign will take that burden from you and allow you to make your FULL listing commission. Guaranteed!

 

What makes us different from others is that we are going to present a bona fide offer to purchase the property at the negotiated price we get with the lender in default. Therefore, we can submit a short sale right away and do not have to wait for a buyer because we are the buyer! We are then going to ask you the Realtor® to find a buyer at the new discounted price making this a win-win solution for all parties involved.

 

Our negotiating team is one of the best. We are experienced loss mitigation and short sale experts. We have also developed a team of smart legal and real estate professionals that assist us through the process.

 

Ask yourself this question: What can you do with 25 hours of time that you will now have since SwingSign will be handling your short sale negotiations? What if you could actually LIST and SELL those short sale opportunities you have passed on? You could go out and list more houses. You could find more buyers or possibly spend that time with your family. You’ll definitely MAKE MORE MONEY!!!!!

 


Dear Realtor®;

Are you about to lose a listing to foreclosure? Maybe you need an Investor to make an offer? Or maybe you just need an experienced Short Sale Negotiator to work with the lender and help you through the Short Sale process? SwingSign can help you! Click on your state and fill out the simple form:

 

(866) 631-1015 Toll-Free
Call SwingSign For Your Solution!
  Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
Florida
Georgia
Hawaii
Idaho
Illinois
Indiana
Iowa
Kansas
Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York
North Carolina
North Dakota
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming
SwingSign Corporation ©2000 – 2012 All Rights Reserved
Published in News Blog
Sunday, 27 June 2010 02:01

REALTOR® Inquiry Form


 

 

PRE-FORECLOSURE - SHORT SALES - LOSS MITIGATION

It’s Time You Discovered:
SwingSign Short Sale SystemsTM
"The Realtors® Secret Weapon"

ATTENTION REALTOR®!

We will bring you an offer on your distressed property listings facing imminent lender legal action! We can help your clients, save your distressed listing, and guarantee your full commission! We do it for other Realtors® every month and we can do it for you too!

(866) 631-1015 Toll-Free
Call SwingSign For Your Solution!

Want More Information? Just Fill Out This Simple Form!

First Name

Last Name

Street Address

City

State

Zip

Phone

E-mail Address


SECURE & CONFIDENTIAL

Your email address will never be rented, traded or sold.
 We guarantee your confidentiality.
 

DON'T WAIT!
SIMPLY COMPLETE THE FORM ABOVE FOR MORE INFORMATION NOW!

SwingSign Corporation
PO Box 701586
San Antonio, TX 78270-1586
(866) 631-1015 Toll Free


SwingSign Corporation ©2000 - 2012 All Rights Reserved

 

Published in Uncategorised
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