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Should I pay my mortgage? Is strategic default an option?

Should I pay my mortgage? Is strategic default an option?

Millions of homeowners want to know should i pay my mortgage or is strategic default my only option.Watch Steve Hawks now Should I pay my Mortgage? Should I strategic default to get a principal reduction or Cash back to short sale.First of all strategic default means that a home owner stops paying their mortgage even though they can still afford to pay it. Once considered a scarlet letter strategic default is now becoming more main stream especially for owners who have tried to work with the bank and have received no help. In fact Suze Orman blew the lid off this topic on ABC News World Report by telling viewers to stop paying if you are twenty percent underwater or  more and the bank wont help you.

Strategic Default is an option for millions of homeowners who have chosen this route.

The recent statistic show the American people are frustrated with the slow pace and lack of assistance to home owners. They have seen banks get trillions of dollars in bailout funds and low interest loans to help the home owner but rarely see help. As a matter of fact in the recent  Nevada Face of Foreclosure report 40 percent of the respondents were told by their bank or financial institution to stop paying if they want help. That’s straight from the banks as documented in the Nevada Face of Foreclosure Report. If the banks are telling some  homeowners to strategic default, i believe that answers the question should i pay my mortgage?

Where do I get help on the question should I pay my mortgage or strategic default?

Each situation is unique and we can not advise to pay or not pay but Steve Hawks can give you all the information and resources o to answer Should I pay my mortgage? Is strategic default an option? In fact the National  Mortgage Settlement that was just agreed to  Bank of America states that you need  have stop paying your payment on 11.30.11 in order to receive assistance under that program from Bank America.  Calif., May 08, 2012. Bank of America Home Loans has begun reaching out to customers who may be eligible for forgiveness of a portion of the principal balance on their mortgage under terms of a recent settlement among five major banks, 49 state attorneys general and the federal government. To be eligible for this program, a homeowner must meet certain criteria, including: Owes more on the mortgage than the property is worth today. Was at least 60 days behind on payments on January 31, 2012. Has a contractual monthly payment for principal, interest, property taxes, hazard insurance and any applicable homeowner association fees totaling more than 25 percent of gross household income. Has a loan that is owned and serviced by Bank of America, or serviced for another investor that has given the bank delegated authority to do such modifications Bank America Guidelines on National Mortgage Settlement Strategic Default

Steve Hawks Las Vegas short sale specialist expert

Contact Steve Hawks today get your peace of mind back.

No Cost No Fees just real help ,

Steve Hawks B.S Finance Real Esate and Law

702.458.3999

Steve Hawks | Las Vegas Short Sales | Reduce Mortgage Principal | Steve Hawks | Las Vegas Short Sales | Strategic Default | Steve Hawks | Las Vegas Short Sales | Reduce Mortgage Principal | Steve Hawks | Las Vegas Short Sales | Strategic Default |

 

 

 

 

Strategic Default Las Vegas Real Estate. Should I pay my mortgage? Steve Hawks Las Vegas

  1. Cindy says:

    Hello I am Mrs Mureen Johnson I am from Texas some years back I fall into a debt and needed some one to bail me out, I went to my bank but the intsreet rate was too much for me, as God will have it I told my friend about it and he introduce me to a private loan lender, who agree to give me a loan at a very low intsreet rate of 4% which I agree, thank God today my financial life Has change.ThankS to OCEAN FINANCE MORTGAGES,please if you need a loan in a very low intsreet rate please contact OCEAN FINANCE MORTGAGES with the following email address below Email:oceanloan102@hotmail.com.

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