How do I take advantage of the American Housing Rescue and Foreclosure Prevention Act?

Question

I bought a house in 4/06. My before tax monthly income is $5,000. My monthly mortgage payments are $1,900 1st and $480 2nd.

Answer 1

What's saving a lot of homes here  in America is the ability to do Loan Modifications.  The Emergency Mortgage Loan Modification Act 2008(H.R. 5779) is helping prevent homes owners from losing there house.   We do modifications for people in foreclosure, adjustable mortgages, balloon loans, 80/20 loans, high interest rates, neg am loans etc...   If any of this sounds like a loan you have then we can help.  I'll email you the modification package so you can understand how it works.  THIS IS NOT A REFINANCE so there isn't  any refinancing fees.

-Wayne

email [e-mail]

Website: www.YourAMA.com

Direct: 516-506-4119

Answer 2

$2500 in mortgage payments on $5000/mo gross?

How do people expect to make these payments when they sign on?