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| Tips for Homeowners |
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The aftermaths of the 2007 economic slowdown were , many had lost their jobs and there were more homes than people. This brought many people on the brink of home foreclosure.
Art Fried helps people to save their homes from foreclosure. His company, We Buy Homes In AZ caters to the needs of the financially distressed homeowners and advices them to avoid opting for foreclosures and bankruptcy to get rid-off their financial dilemmas. Art Fried gives effective tips for homeowners, in order to protect home and property from foreclosure and bankruptcy situations.
Art Fried brings out the facts of how banks deal with homeowners. |
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The banks have had enough time to help people with Loan Mods! |
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Those Loan Mods are a joke. They never address the real issue, which is principle reduction. Therefore, anyone who is underwater with his or her loan remains underwater regardless. |
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Moreover, the banks are stingy with Loan Mods. If they do grant one, it is typically for a trial period that only lasts a few months and the homeowner remains in limbo. |
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This is an intentional policy, not just something that the banks made up hit and misses. |
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Their real policy is to bail out the banks and let the homeowner be damned! |
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Art Fried states that if everyone just stopped paying their mortgage and insisted on a principle reduction this whole mess would go away.
Art Fried suggests some of the effective tips for homeowners and encourages them to fight back with the selfish lenders and banks:
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Quit kowtowing to the banks and instead find out just what laws they broke when they rammed your mortgage through. |
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Bypass those loss mitigators and go directly to the bank’s legal department. They can and DO grant principle reductions. |
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After you work your butt off to discover their wrong doings…keep working it off and demand they give you a principle reduction to 90% of the appraised value AND a fair and equitable interest rate to go with it. |
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| And the most vital advice - Owners in default should negotiate the right to retain occupancy, arguing that if the lender followed through on the foreclosure, an owner would still enjoy the right of possession during that procedure. |
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