Thursday, March 29, 2012 / by Barb Schlinker
The five major banks just struck a deal with 49 of the 50 states that sued them over the 'robo-signning' debacle in which they would spend billions helping defaulting AND upside down borrowers. Yes, even if you are not behind they have help for you now. It also, in many cases does NOT matter how far upside down you are. Once of the BEST provisions of that agreement was they are NOT allowed to require our active duty veterans to fall behind on thier mortgage to be eligible for loan modifcations. Many of our military could have security clearances which could compromise their jobs, yet the banks were demanding the upside down borrowers to be at least 90 days behind to be eligible for a loan modification. Thankfully that is no longer true. Our military with their requirement to move around so often deserve the best of what the banks can offer in this housing decline.
If you would like more information on how the new agreement can help you, please call or email me Barb at -877-457-5544 or email me ColoradoBarb@gmail.com
About the Author: Barb Schlinker is the owner of Parker St Claire LLC, Certified Default Advocate, CDPE, Short Sale Expert