Home Mortgage Loan Interest Tax Deduction Information for 2011, 2012
http://www.harborfinancialonline.com
Duration : 0:8:14
Home Mortgage Loan Interest Tax Deduction Information for 2011, 2012
Home Mortgage — Getting to Know Your Taxes
Learn about the 2 kinds of mortgage debt, points, and mortgage insurance premiums (PMI). Brought to you by The Tax Institute.
Duration : 0:2:22
Canadian Capitalism Without Capital Part One
Essex University Tax Justice Network Research Workshop July 5-6, 2011. Crawford Paper – Monetizing ‘Toxic Loans’ through taxations systems. Part One Ref: ‘Contaging’ book
Duration : 0:14:51
Line of Credit Explained
This video is designed to give you a better insight into what is a line of credit home loan and how you can pick a good one. Whether it’s a home or investment loan this has unique features. When selecting the best, State Custodians Mortgage Company was awarded as the best for 2011 by Your Money Magazine. View more informative home loan videos by Heidi Armstrong, Director of Operations for State Custodians and visit statecustodians.com.au or simply call 1300 654 617
Duration : 0:2:46
Ask Chuck: Cut, Cap and Balance and the Mortgage Interest Deduction
Senator Grassley answers questions about Cut, Cap and Balance and the mortgage interest deduction during his weekly webcast, “Ask Chuck”.
Duration : 0:5:34
Can I Get a Mortgage if I’m Self Employed?
Home loan professional Rob Spinosa of http://www.themortgagedictionary.com takes a close look at mortgages and the self employed. In this short video, he covers the definition of self-employment, the requirements for getting a home loan approval as a self-employed individual, and also the documentation that will be requested by your mortgage lender if you are self employed. The various types of business entities are discussed; sole proprietorship, partnership, LLC, S corporation and C corporation. If you’re not sure if you’ll qualify for a home purchase or refinance because you don’t get a paystub or W-2 form, Rob will help with listing the tax return information you’ll need to show an income and employment history. Rob goes over all of this within 3 minutes and helps you understand the loan process. For more information or to begin the pre-approval process, contact Rob Spinosa at rspinosa@rpm-mtg.com or by phone at 877-270-5959. Rob is a mortgage banker at RPM Mortgage in Mill Valley, California, just north of San Francisco. He is able to assist anyone in the state of CA, and can be found on social media platforms as below:
http://www.facebook.com/homefinancefundamentals
http://www.twitter.com/robspinosa
http://www.linkedin.com/in/robspinosa
Duration : 0:2:36
Real Estate Marketing – Mortgage Meltdown, Fraud and Scams – Part 7
http://realestatemarketingthisweek.com – Real Estate Marketing – Foreclosure Rescue Scams and How to Protect Yourself – With Michael J Barnes, Brett Fallon and Dan Havey of Real Estate Marketing This Week
Part 7 – The Foreclosure Sharks, you have written this book or I think it’s called a white paper. Free report whatever you want to call it its packed full of really good and interesting information. It’s called The Foreclosure Sharks – A look at the rampant theft of Americans homes through foreclosure rescue scams.
And folks I have to tell you I think we’re going to spend the next week, the majority of the show talking about what the heck is going on out there. And what you need to do to protect yourself in case you should happen to be against this problem. You really need to know what your options are. This free report is available online at http://mortgageanswerman.com. You have got to get this. The information is really good, and one of the taglines that you have here Dan is, Theres blood in the water and the sharks can smell it.
Right. What made me actually write this was a number of years ago I had been working with people in foreclosure for years, and it was just a way to let them know what was going to be going on once the foreclosure was filed against them. Now in many cases, these people were already experiencing what was going on.
And again I’ve recently had a friend or two go through foreclosure and I had them collect all of the paperwork that they got from all of the foreclosure guys out there trying to help them sell their house or do whatever it was, and I was surprised at how thin the stack was. This one gal in particular, lives in Scottsdale in a very nice house and she didnt have more than maybe 6 letters. In the past, a couple of years ago, especially at the peak of the market, when somebody was in a foreclosure situation they would have seriously a stack 6 inches thick.
People would be knocking on their door 24 hours a day, calling them, dropping off stuff. There were cars driving by all the time and it really got to be a nuisance. And frankly I think it hurt the home owner and their standing in a neighborhood, with all of that traffic and of course everybody knew that they were having problems. So that is why the report was originally written and why I wanted to talk about it today because of all the foreclosures going on in the market right now.
Now let me ask you a question, you are saying that two years ago if I were in a foreclosure my mail box would be chock-full of marketing products. Youre telling me now that there is virtually none?
Well I think that part of it is that back then there was financing available to be able to come in and refinance the people. I certainly myself did dozens of loans, at least, to bail people out of bankruptcies and foreclosures, and also people had equity back then. Property values were continuing to go up. I forget how many scams I pointed out here in the book, I think there are 18 or something in here, and most of them are essentially people attempting to get your house away from you, either refinance it, sell it for you, take a lease option, there are all kinds of different scams involved, but I think the reason we see so much less of it today is because there is so much less equity. So if you are upside down by $300,000 in your house, i dont care how good of a scammer you are, you are not going to make a lot of money off that.
But there are a couple of scams going on right now that I want to talk about because there are a couple of things that happened just recently that harkened me back to when I first got started in real estate here in Arizona in the late 1980s. I was selling repos for Fannie Mae, Countrywide, and the Resolution Trust Corporation, which was in charge of selling off all of the real estate owned for the 1,800 or so Savings and Loans that failed in the late 1980s early 1990s. There were so many scams going on then, I mean we had just tons of vacant houses we were selling, and one of the big scams that I thought was actually being perpetrated on a friend of mine the other day is a little something known as rent skimming… http://realestatemarketingthisweek.com/foreclosure-rescue-scams-and-how-to-protect-yourself/
Duration : 0:6:36
Geithner the economy is still strengthening [NBC 7-10-2011]
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Wednesday July 13 2011 6:15 am
http://www.msnbc.msn.com/?id=11881780&q=Geithner+the+economy+is+still+strengthening+&search=&p=1&st=1&sm=user
The US subprime mortgage crisis was one of the first indicators of the late-2000s financial crisis, characterized by a rise in subprime mortgage delinquencies and foreclosures, and the resulting decline of securities backing said mortgages. Approximately 80% of U. S. mortgages issued to subprime borrowers were adjustable-rate mortgages. After U. S. house sales prices peaked in mid-2006 and began their steep decline forthwith, refinancing became more difficult. As adjustable-rate mortgages began to reset at higher interest rates, mortgage delinquencies soared. Securities backed with mortgages, including subprime mortgages, widely held by financial firms, lost most of their value. Global investors also drastically reduced purchases of mortgage-backed debt and other securities as part of a decline in the capacity and willingness of the private financial system to support lending. Concerns about the soundness of U. S. credit and financial markets led to tightening credit around the world and slowing economic growth in the U. S. and Europe.
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Duration : 0:6:15
Nasty Mortgage Fraud Self Help remedy: Courtroom video in New Hampshire.
http://mortgagemovies.blogspot.com/…………http://christopher-king.blogspot.com/2010/12/kingcast-and-matt-taibbi-present-more_07.html….
This is a crucial video with actual courtroom footage showing how mortgages and notes are lost as U.S. Citizens face foreclosure, as noted by journalists like Matt Taibbi. Fight back with KingCast courtroom video. I’ve been shooting courtroom video since I tried Civil Rights cases in the mid 1990’s.
KingCast — Reel News for Real People.
Ingress v. Wells Fargo
Hillsborough South
226-2010-CV571
Duration : 0:15:1
Mortgage Modification – Fannie Mae Streamline Loan Modification – RealEstateMarketingThisWeek.com
http://realestatemarketingthisweek.com – New Fannie Mae Streamline Loan Modifications may do more harm than good
Part 5 –
We do realize that there are situations that people are in that they want to be out of and we want to move past. We have back in the studio, the author of Real Estates Future also the author of The Foreclosure Sharks white paper, a fantastic manual that he has put together that you can get for free. Dan Havey thank you very much for coming back. You can get a copy of the white paper The Foreclosure Sharks at http://mortgageanswerman.com.
So Dan I know that you have brought the just recently released new Fannie Mae, Freddie Mac guidelines, with their streamlined modification process. This is the kind of thing where the consumer can go and do-it themselves, right?
Yes, except that we would certainly advise against that. These are the guidelines that Fannie Mae came out with; they are effective as of a couple weeks ago now. But with Christmas and the holidays I dont think a whole lot of people have figured out what this is all about yet. So as we said in the last segment the guidelines that they have come out with here, and what I have is a print out but I dont know that this is the whole thing because I have heard some commentary on this that actually says that it is much worse then I am about to relay to everyone on the air.
I am just going to pick out a couple points about this and then I will let Michael laugh about them because some of these things are just crazy in the fact that it doesnt really help the home owner and I also dont think it is going to move us past the conditions we have to get people some really good loan modifications, the kind of loan modifications that we are talking about where you actually employ an attorney to help you with your loan modification.
The reality of it is we need to get through this mess we dont need to stave it off, push it out further and in my opinion that is what this does. That is exactly what is going on here, there was an article I was reading by Fitch, which is one of the major bond rating firms and that is exactly what they said. They said that the alt-A arms are all coming back to roost now, I think the default rate was over 14% on all alt-A arms, being at least 90 days past due. And the comment in the article was something like, well we havent really seen a lot of losses from it yet and then it said in a caveat at the end, and we think its because they are not really foreclosing on any of these guys yet, so that is why they havent seen any losses. Well if you keep pushing it off into the future eventually you are going to have to see some of these losses.
We have the same thing here with Fannie Mae, which I think it is just another band-aid; it is not going to really solve the problem. First what they have here, and this one is pretty benign, that once they give you the new mortgage payment you have a three month trial period. If you make the payments during that trial period they let you keep the modification. So that one is not so bad.
The next one says that the qualified borrower cant be in litigation, bankruptcy, or have an existing work out plan, and you have to be at least 3 months behind or in foreclosure in order to be eligible for this streamline.
Ok I get to comment right? SO basically what Fannie Mae and Freddie Mac just told everyone, according to this that I am reading right here, Fannie Mae and Freddie Mac just told you to be 90 days late on your mortgage. That is exactly right, they said that the only way they were going to be able to help you was to be 90 days late on your mortgage.
So I have been, over the past several months, heck Dan you helped us put together the package, you are the cofounder of the modification hotline and I am on the radio every week when we do a little blip about load mods from time to time, saying dont trust anybody who tells you to be late on your mortgage. First of all no loan professional, no mortgage professional, no loan modification specialist will tell you to be late on your mortgage, however, Fannie Mae and Freddie Mac just said you need to be at least 90 days late on your mortgage if you want them to help you.
Duration : 0:6:53