Tag Archive: Foreclosure

Chase Bank Wants to Give You $20,000!!

Due to the unfortunate economic climate, many homeowners are unable to afford the monthly payments on their homes. Wouldn’t it be nice if you could avoid foreclosure, keep your credit from being destroyed, and pocket 20k all at the same time? Well, that option might be available to you!

 Chase Bank recently announced a new incentive that offers distressed homeowners the opportunity to short sell their home, be forgiven on the difference between the loan amount and the sale price, and receive $10,000-$20,000 in cash in the process!! The key is qualifying loans, sources indicate that Chase loans that originated from Washington Mutual are the loans that qualify for this incentive program

  Why would Chase offer this incentive? Foreclosures are costly, between the attorney fees, court fees, delinquent property taxes etc… costs add up very quickly. Chase is also interested in expunging these loans from their books. Other loans may qualify for this incentive.

Would you like more information?

 Give me a call, Carlos J. Amador at (562) 833-4292 begin_of_the_skype_highlighting              (562) 833-4292      end_of_the_skype_highlighting   
RE/MAX North Orange County   

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The arcade in front of the Federal Reserve Ban...

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Federal Reserve officials attending a Fed conference reviewed the housing crisis and called for more programs to address broader issues. Eric Rosengren, president of the Fed’s Bank of Boston, said he is in favor of a more “holistic” approach. “My own view is that too little focus has been on community problems because the focus has been more targeted to housing and foreclosures,” Rosengren said. “Rather than treating the symptom — the high REO problem — we need to better understand how to resolve the more general problems in communities that lead to higher concentrations of REOs and exacerbate the effects of high REOs.” Sandra Pianalto, president of the Federal Reserve Bank of Cleveland, told attendees of the conference that the Fed feels a “great sense of urgency” to get housing back on its feet. “A healthy housing sector is critical both to the overall economy and to a sustainable economic recovery,” Pianalto said.

Source: reuters news