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December 06, 2007

Bush Paulson Mortgage Freeze Impact

Posted in: foreclosure banks

I have learned some of the details on the Bush Paulson adjustable mortgage freeze and it’s impact — and let me tell you the Bush Paulson adjustable mortgage freeze is very limited.

Homeowners who have adjustables that are resetting may be hitting the phones and calling their mortgage companies requesting a freeze. But there is a lot more to it. The details are that only a very few will be eligible anyway.

If you are in this situation, I urge you to consider these questions:

1. Are you better off getting rid of your house and renting for awhile?

2. Can you afford even the “frozen” ARM interest rate?

Then decide what to do. Visit www.HomeSaleRelief.com and get my insider’s 25 page report Keep Your Home, along with a 20 minute  course in your options including how to stop foreclosure, how to get your lender to lower your mortgage payments without a new loan, how to do a short sale so you get out from under, and even how to buy a new house with little or no money down.


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