OREGON HOME SAVERS

Tualatin Short Sale

admin — Mon, 15 Dec 2008 17:28:40 +0000

Short Sale Opprotunity in Tualatin, Oregon. 2500 sqft. 4 bedroom, 2.5 bath, Great area and schools. Contact WestOne Properties at 503-594-0805 or online at www.WestOnePropertiesLLC.com

Loan Modification Service

admin — Tue, 04 Nov 2008 04:35:32 +0000

Are you behind on your mortgage? Are you worried you will lose your home? Is your lender refusing to accept your payments, or talk modification of your loan? Oregon Home Savers, LLC can provide the critical information and professional representation you need to put an end to your mortgage difficulties. We specialize in working with your lender(s) to restructure your current loan(s) by providing you with a unique, professional plan that you and your lender(s) can accept. The key to our success is constructing a financial plan that you and your lender can approve and, most importantly, that you are able to perform.

Navigating the loan modification process can be overwhelming. We are experts in the mortgage industry and have established the relationships needed with note holders throughout the industry that are priceless when it comes to getting the results you are seeking. We have a goal to preserve home ownership for good hard working people during this wave of default and foreclosure that is sweeping across the country. We only accept cases we believe we can win on your behalf, so you can rest easy knowing that you will be a priority in our organization!

Loan Modification: We will assist you in supplying the appropriate information to your lender to negotiate the appropriate measures to modify the term(s) of your mortgage. There are costs and fees associated with a modification that you will be responsible for. All property taxes must be current or you must be participating in an approved payment plan with your taxing authority to be eligible for a modification. All requests are subject to your lender’s approval.

Repayment Plan: If you have incurred a short term financial hardship and your loan is two or more months past due, your loss mitigation specialist will also consider submitting a request for a payment plan to your lender for approval. Only after reviewing your financial situation will this option be considered. All clients must be able to show that they can afford this plan in order to be eligible.

Call today for a free, no obligation evaluation to see if your mortgage can be modified.

Call Oregon Home Savers, LLC at 503-594-0804 or toll free 888-545-0656. Visit our website at www.OregonHomeSaver.com

Loan Modifications Can Help

admin — Sun, 02 Nov 2008 03:39:02 +0000

A loan modification is a great option for many people who are faced with a mortgage payment that they can no longer afford. Many banks are increasing their efforts to work with troubled borrowers. Read this article from The Associated Press about what JPMorgan Chase is doing.

“JPMorgan Chase & Co. on Friday became the latest major bank to beef up its mortgage modification efforts as the government also considers a plan to help homeowners avoid foreclosure. JPMorgan’s expanded program aims to help avoid foreclosures on about $70 billion in loans, which could help as many as 400,000 customers. The New York-based banking giant has already modified about $40 billion in mortgages, helping 250,000 customers since early 2007.

JPMorgan will not put any loans into foreclosure as it implements the expanded program in the next 90 days. Charlie Scharf, JPMorgan’s chief executive of retail financial services, said the modifications will range from reducing rates to extending terms to completely replacing loans. Modification options will be given to customers based on their current loan needs, Scharf added.

The program will be offered to customers with loans held by Washington Mutual Inc. and EMC. JPMorgan acquired Seattle-based WaMu in September after it became the nation’s largest financial institution to fail. EMC was a unit of Bear Stearns Cos., which JPMorgan acquired in February.” - The Associated Press

If you are behind in your mortgage payments, or anticipate trouble in the near future, and you think a loan modification may help you, contact Oregon Home Savers for a free evaluation. Call 1-888-545-0656 or visit www.OregonHomeSaver.com

Closing Short Sales

admin — Fri, 31 Oct 2008 04:00:28 +0000

On average, Oregon Home Savers is working to negotiate nearly 50 short sale transactions in any given week. As those who have experience in the short sale business know, there are many details to keep track of and a multitude of pitfalls that work to kill the deal. In the transactions that we are working on this week communication, or the lack of communication, has been a huge pitfall that has threatened several transactions and killed some. Here are two examples of communication breakdown in a short sale transaction

First, It is imperative that the seller, or home owner, who is struggling to make their mortgage payments spends the necessary time and energy to communicate all of the financial information and details about their situation and property. In one short sale transaction this week, the sellers, who desperately needed to sell, did not disclose the fact that they had a 2nd home equity line of credit. After a week of work, the information was found, but the file needed to be completely re-worked and re-submitted to the banks. Everyone in the transaction lost more money, more faith, more time and energy.

Second, when multiple parties in one transaction (sellers, agents, buyers) begin to talk to, and negotiate with the lenders, it causes confusion and hampers our effectiveness to get the transaction closed. As a professional negotiation company, it is Oregon Home Savers’ responsibility to negotiate and work through the transaction with the lenders. A single point of contact, keeps the negotiations clean, moving forward, and efficient.

Everyone wants a short sale to be completed. The seller wants to be out of debt and start over with as little damage to their credit as possible. The new buyer wants to own the property and close as quickly as possible. The lender wants the short sale to happen because it is less expensive than a foreclosure and they don’t need to carry another REO on their books. With good, complete, and effective comunication Oregon Home Savers helps people everyday navigate successful short sale transactions. If we can be of service to you, please call us. 503-594-0804 or 888-545-0656

Another Great Portland Short Sale

admin — Sat, 25 Oct 2008 00:45:19 +0000

1806 SE 57th Ave Portland, OR ML# 8100036 Beautiful Remodeled home, 3300 Sq Ft, 3bed, 3bath $449,000. Contact WestOne Properties, LLC 503-594-0805 or 800-545-6096 www.WestOnePropertiesLLC.com

Great Portland Short Sale

admin — Sat, 25 Oct 2008 00:38:03 +0000

1528 SE 57th Portland, OR ML#8100095 2795 sq ft, 3bed 2bath $375,000. Make an offer. Contact WestOne Properties, LLC 503-594-0804 or 800-545-6096 www.WestOnePropertiesLLC.com

FHA and the Short Sale Process

admin — Thu, 16 Oct 2008 05:51:00 +0000

I recently read an article discussing the fact that FHA may soon be taking over much of the Short Sale and REO business for lenders. They claim that FHA will be able to speed up the Short Sale process and help assist lenders with the bad loans they are working through.

“We are expecting to see a ‘FHA Streamlined Short Sale Process’ rolled out over the next 90 days. Short sales are often the no-brainer solution for the seller and lender (now the FHA). Don’t be surprised if the short sale process takes less than 60 days from listing to close” states the author.

They are talking about the FHA buying $40 billion in troubled mortgage assets per month from the lenders. This should help free the banks and lenders from the trouble they have found themselves in. As the government continues to work to find ways to assist the sagging real estate market, we are hoping that the programs they do put in place truly help those who need help, and begin to put us on track to a growing real estate market.

Oregon Home Savers works with homeowners who need help with selling their home. We specialize in working with troubled homeowners and real estate agents who need help through the short sales process. Call us we can help! 1-888-545-0656. www.OregonHomeSaver.com

Consumer Protection in the Forclosure Process

admin — Tue, 07 Oct 2008 05:20:26 +0000

As we seek to help Oregon home owners who continue to struggle with making mortgage payments, selling their homes, and the foreclosure process. We find that there is still a great deal of confusion and uncertainty about how the process works. There are many sources of information and support for someone going through this difficult time; and there are several important things to remember. Here are two tips for dealing with the foreclosure process effectively.

1. Remain calm and take your time to understand the process. Unless you have ignored all the correspondence and Notice of Defaults and your house will be foreclosed in a few days, You have time to understand the process, define your options, and develop a plan to make the best of a difficult situation.

2. Take some action. Seek to understand and learn about the foreclosure process. Learn what your rights and responsibilities are for your individual situation. There is a huge amount of information available. Check the Internet, your lender, a title company, a local real estate agent that understands short sales and foreclosures, your state government. In Oregon, look up House Bill 3630. It provides a lot of useful information about protection for troubled homeowners.

Oregon Home Savers can be a great resource as well. Contact us and we will do our best to explain the foreclosure process and outline options available to help in any given situation.

www.OregonHomeSaver.com

Beautiful Short Sale Property in Portland

admin — Thu, 02 Oct 2008 22:05:58 +0000

1740 NE Rosa Parks Way, Portland, OR - 2800sq ft + 700sq ft bonus, 5 bedrooms, 3.5 bath, Old PDX Style, Beautiful craftsmanship. Excellent value at $419,000. Contact us at 503-594-0805 or visit www.WestOnePropertiesllc.com

New Short Sale listing in Portland, Oregon

admin — Tue, 30 Sep 2008 22:31:43 +0000

1748 NE Rosa Parks Way, Portland, OR 2400sq ft, New Construction, Craftsman style, 4 bedroom, 3 bath, Beautiful home. Incredible value at $429,000. Contact WestOne Properties 503-594-0805 or visit www.WestOnePropertiesllc.com