Cynda Rader
Keller Williams Lee's Summit
CONTACT INFORMATION
P: 816-365-9807
F: 913-563-6900
cyndasells@kw.com
19045 E Valley View Parkway
Lee's Summit, MO 64055
BIO
We provide all of our clients with updates and services while their home is on the market and before it goes to contract and are responsible for producing the listing marketing materials and scheduling promotional programs for the listings. We are always in contact with our clients with progress reports and feedback from showings. We'll sell your home for the most money, in the shortest time possible, with the fewest hassles.
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Expect Delay in Processing Loan Modifications
A CNN article outlining the launch of the Obama Administration’s foreclosure prevention program [trends.move.com]
:
“The multi-pronged fix calls for companies to help as
many as 4 million struggling borrowers by modifying loans so housing
payments are no more than 31 percent of monthly gross income.
Separately, homeowners who haven’t missed a payment can refinance into
lower-cost loans even if they have little or no equity. This is
expected to help up to 5 million homeowners. While borrowers are being
encouraged to contact their loan servicers, companies said it would be
several weeks before they can start processing applications. The $75
billion loan modification plan will provide incentives to borrowers,
servicers and mortgage investors. The government will also subsidize
interest rate reductions to get borrowers to affordable monthly
payments. Administration officials once again stressed that they are
not using taxpayer money to bail out irresponsible homebuyers, listing
those who will not qualify for assistance: people who bought investment
properties, lied on their mortgage documents or purchased mutli-million
dollar homes.”
With provisions to help modify and refinance loans for qualified
homeowners, the expansive government plan has businesses preparing for
a deluge of calls form concerned borrowers.
