The Recession May Be Over, But Many Homeowners Still Suffer!

Despite talk of an improving economy, many homeowners are still navigating rough waters. Many owners of real estate either purchased or refinanced with dangerous loan terms. These loans which appeared to be a good deal turned into hellish payment terms. For many their payments moved up and their home value moved down.

Some homeowners filed bankruptcy. Others tried to get loan modifications. But if you own real estate and are struggling with payments, there are other options in addition tot these two choices. The federal government offers a variety of solutions for the average consumer! Its true! You may actually be able to receive your own government bailout.

Programs available include:

Loan modification counseling for FREE! Those who qualify can receive reduced mortgage payments. If you are a veteran, the VA will provide assistance, even if you do not have a VA loan. If you are not a veteran, you may want to contact HOPE (link below article) which will provide free counseling and loan modification assistance.

Refinance into a government inured home loan. Government insured loan products like FHA and VA loans are easy to qualify for. If you have been current on all debt except your mortgage, you may be eligible. These loans offer low, fixed interest rates and easy qualifying.

Finally, you may want to consider helping yourself and a Veteran. VA HLC is seeking homeowners who are willing to sell their home to VA buyers. If you select a VA HLC agent to help you short sale your home, you will never have to pay for agents commission or any closing costs. Eligible buyers are returning home after serving in the war. These buyers are looking to purchase homes but many sellers do not want to work with veterans.

In an effort to make the process easy, VA HLC will offer free short sale counseling. VA HLC will bring you a qualified buyer and you will not have to pay anything for the service. In fact if you use VA HLC for your short sale representation, you may qualify to buy again with a VA HLC loan in as little as 2 years. You may be eligible for this, even if you have no prior military service.

Among the advantages of selling with a short sale is the ability for you to live rent free while you are short-selling. Short sales can take up to 12 months or longer to complete. If you are actively short-selling most lenders will not foreclose during this time. A short sale also looks better on your credit report. The debt will be paid in full unlike a foreclosure or bankruptcy. Lastly, if you use a short sale, you qualify to purchase a home faster than with a bankruptcy or foreclosure.

If you are a homeowner considering bankruptcy or foreclosure, speak with a VA HLC representative to learn about all of your options first. The call is free but the information may save you thousands!

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