Long Beach Homeowners - Foreclosure Relief is on the Way!Long Beach Homeowners - Foreclosure Relief is on the Way!LONG BEACH REAL ESTATE - FORECLOSURES - SHORT SALES
Keeping Families in their Long Beach Homes!
Seven of the top sixteen metropolitan areas with the highest rates of foreclosures in the nation are in the state of California, according to the latest data from RealtyTrac.
Read the entire Press Release:
Governor Schwarzenegger Works with Lenders to help Avoid Foreclosure
Back in October 2007 Sheila Bair, the Federal Deposit Insurance Coproration (FDIC) Chair, encouraged lending agencies to keep subprime mortgage borrowers at their initial interest rate if they are living in their home, making timely payments, but can't afford the loan "re-set"--or jump to a higher rate. A half million Californians have subprime loans that will jump to higher rates in the next two years. Bair's proposal has been endorsed by the newspapers including the Wall Street Journal and New York Times as well as public and community leaders.
What does this mean to the Long Beach Homeowner?
If your Adjustable Rate Mortgage for your primary residence is about to reset the lenders are going to work with you to keep you out of foreclosure. If you are in trouble or about to be in trouble you need to contact your lender and let them know now. Losing your home is the American Nightmare, lenders have been commissioned to keep people in their Long Beach homes and to minimize the amount of foreclosures. Take advantage of the Governors efforts and contact your lender as soon as possible to avert a financial tragedy and to keep your Long Beach home.
http://www.longbeachrealestatehome.com/00906B
Posted on November 22, 2007 13:28:23 by Laurie Manny Professional Group
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To begin your search for the perfect home or to sell your home in the Long Beach area, begin your journey by calling Laurie Manny at (562) 212-5420.
