Another great day in the Real-Estate industry, yes, we all want to read and be surrounded by Positive words, people and vibes... me too..
   In the news we read so much about a Real Estate market surge upward and I am happy for those making smart home purchases at 20-30% below the listed sale value.
 
  We specialize in helping those Residential & Commercial property owners that are is a Negative Equity position/ Underwater/ Upside down.  Perhaps purchased during the Peak of the market rise in 2005, 2006 or 2007.... 

    These owners are in serious Trouble, in most cases THEY CANNOT:

1.  Refinance their property due to owing more than it is worth.
2.  Sell without paying the difference of the loan amount/ sale price.
3.  Walk away without ruining their Credit rating for years.
4.  Obtain an Equity Loan.

Real Estate Downward Credit Impact:
40 to 110 points      when 30 days late w/ mortgage pymt, multiple yrs.
90 to 135 points      when 90 days late w/ mortgage pymt, multiple yrs.
85 to 160 points      allow your home to be Short-Sale, multiple yrs.
120 to 240 points    file for bankruptcy for 7 years.

   Before your situation gets to this drastic level we can possibly assist you with restructuring your loan.  Lets try to regain the Positive Equity position to provide you with the flexibilty to sell your home.  Please review our Website for additional information.

http://FrankMediate.MFGCapitalGroup.com

Contact me for details:
           Frank@MFGCapitalGroup.com  
Be Well,
frank

Don't Short Sale your Home. We help Underwater Jumbo loans

Hello Real-Estate friends and family:   So much happening in the RE world today.  I am most upset by people leaving their homes due to a SHORT-SALE / Foreclosure.

         There is not much we can due for those with convention mortgages under the Jumbo mortgage limit of $729,750.  Conventional mortgages are resold on the secondary market with other "like" mortgages as a bundle to investors.

          Non-Conventional mortgages, aka, Jumbo mortgages cannot be resold by banks on the secondary market, so the Banks are stuck with them.  As these homeowners face the same "Loss" in EQUITY as the rest of the industry the effects are much greater to the industry overall as the values are raised to 1, 2, 3, 4, 5 million dollar homes and businesses. This impacts directly to the Bank bottom line,

      There is an alternative for Jumbo mortgage holders.  We work with you and your bank to improve your Equity, Maintain your Credit Score, lower your monthly payments, Live Happily everafter.
       Contact me to find out how we work together to regain the loss EQUITY to your Underwater, Negative Jumbo mortgage.

 Information gathered by several sources, including; Creonline.

Total existing home sales declined 5.4 percent in June but are 4.5 percent higher than the 4.18 million-unit level in June 2011.

1. The national median existing-home price was $189,400 in June, up 7.9 percent from a year ago. This marks four back-to-back monthly price increases from a year earlier, which last occurred in February to May of 2006. June’s gain was the strongest since February 2006 when the median price rose 8.7 percent from a year prior.
2. Foreclosures and short sales sold at deep discounts – accounted for 25 percent of June sales (13 percent were foreclosures and 12 percent were short sales), unchanged from May but down from 30 percent in June 2011.
3. Foreclosures sold for an average discount of 18 percent below market value in June, while short sales were discounted 15 percent.
4. Total housing inventory at the end June fell another 3.2 percent to 2.39 million existing homes available for sale, which represents a 6.6-month supply….Listed inventory is 24.4 percent below a year ago when there was a 9.1-month supply.

thanks

Hi;   here to dispel myths that there is no help got Underwater Jumbo Mortgage holders - YES The is....

Over this past weekend, 7/8/12, I saw a TV ad by Allied home services  suggesting they may be able to assist homeowners in trouble.  I called them to see what services they provide;  They are a Legal team that specializes in Loan modification, they may be able to reduce your interest rate by a couple points but...  No help if you are Underwater by $75,000, $150,000 or more...

We work to provide you with a different answer; 
           1). Obtain a 2012 mortgage rate
           2). Reduce your Mortgage Balance
           3). Stay in your home. 

                That is a Win-Win-Win!

Check-out my site for add'l information:
http://frankmediate.mfgcapitalgroup.com/

have a great day!
frank

Good Morning America;  Another great sunny day here in the Northeast...  More information about the seriouse problem facing the 'Jumbo' mortgage homeowners, and it doesn't look good...

According to data compiled by 'Realty Trac', in 2011 over 36,000 homes valued at $1million or more were Foreclosed on - or at least served with a notice of default.

While that is less than 2% of all foreclosures nationwide, it represents a much bigger share of foreclosure activity than in previous years. When added together they account for a much bigger picture of the foreclosure pie.

Foreclosure properties valued at $1million or more increased by some 115% since 2007.

Foreclosure properties valued at $1million or more increased by some 273% since 2007.

These Non-Conforming high values mortgages are in the most serious negative Equity debt in the country.  A home in 2006 worth $1.5million and now values at $1million, yikes - the homeowners are locked into their home until they regain $500,000 in lost equity in many years to come - If Ever! 

They cannot refinance, obtain a home equity loan, or sell their home - they could walk away and ruin their credit ratings for years and other legal expenses, not to mention a change in lifestyle.


We have the answer for these homeowners,

Have A Valuable Day!

Hi:   I am excited to write about a new concept to help home and business owners out of their Underwater/ UpsideDown Equity position on their Mortgages...
Yes, there is help available, No, not by the Government, and no, not by the Banks - they could care less about "Main Street" America generally speaking.

Don't get me wrong, I am pro America, guess you have to be after serving 8 active years in the US Army,  I'm just not Pro capitalism at middle America's expense. The Rich get Richer while the Middle and Poor classes suffer with higher prices and a
$15.7 trillion debt hanging over all our heads.

Well, this is an opportunity to get justice by letting us rework your non-conventional mortgages with your loan company.  Yes, we work hard to get the bank to Reduce the amount you owe, we purchase your Mortgage Note from the bank (You keep title - Deed), and Refi the property back to you after you qualify for a new Mortgage with any Bank you choose!  Yea.....  this is exciting...

Not only will you drop possibly $100 to $200K or more in lost 2006 Equity. You also keep your Good Credit, Reduce your Monthy Payments and restate the Equity levels to 2012 rates AND Stay in the Home!!!!...   Yea for you!

Here's the very best part of this - there's not charge to you for this!!  Wow...
You order a FHA appraisal to establish current home value, cost is appx $400,
That will get the process started. 

After your bank approves the process, the next payment is for the Legal fees Appx $4,000.   That's it;  You Get $100K in Equity (+/-) for appx $4,400...

Wow, wow, wow!!!

More to follow ===>  frank