You can change to another host. I've done it. Just ask the host if they built it it's yours Ben I you in the future change to another host. Always good o ask and know there policy. Ingrid ski realtor.... more
He claims he can modify loans up to 65% of fair market value (FMV)...
Let's say you paid 600K for your house and have two loans 1 for 480K and 1 for 120K. Let's also say that today's FMV is 350K, do you really think the bank will refi you at $225K? That's a $255K loss for them. If they foreclose on you, and sell the house at $350k, they lose $130K. What's a more likely scenario?
There is an FHA program called Hope for Homeowners that will let the lenders modify you to 96.5% of today's FMV in exchange for future equity sharing. This is a great program...but no lenders are willing to offer it.
I smell scam. This PRG scheme sounds very similar to one that Noveuax Riche has trained people how to do but it is all just very underhanded and quite honestly, skeevy.
You can do your own loan modification as well as any attorney or realtor. Call the bank yourself...if you have no equity and are behind on your payments, they will work with you. If you have equity, they will foreclose on you and take your equity. If your bank won't modify your loan, you can short sale your house through the preferred realtor of your choice. You don't need to pay anyone upfront to figure out the best scenario for you.
Thats my 2 cents worth as an investor/hobbyist with a nephew who just went through what it sounds like you are going through.... more