California’s housing market leads the nation with underwater mortgages as a result of the burst of the housing bubble. When you combine the negative value to debt ratios of many houses, payment increases as a result of adjustable rate mortgages and rampant layoffs and unemployment – people in California are hurting.
Oftentimes, these good people are faced with the sickening option of packing up their belongings and finding a new place to live as a result of foreclosure. A lot of these people were victims of predatory lenders and large corporate banks who have little regard for personal circumstances. A California mortgage note modification is the only hope for many struggling homeowners, but the fact is that a lot of home owners who are struggling don’t have good enough credit to refinance in the current market.
What do you do when you are seeking a California mortgage note modication, but don’t have sufficient credit scores in order to get qualified? So far there are limited options for people in that scenario. However, recent changes to law as a result of the Obama adminstration have enabled certain homeowners to complete a California mortgage note modification and lower their payments by as much of 50%.
One company that is working to help homeowners who are underwater and seeking one of those California mortgage note modifications is Bella Homes, LLC. Their program is new, but so far has helped more than 300 homeowners stay in their homes and lower their payments. If you are seeking a California mortgage note modification, consider filling out a free application at http://apply.whybellahomes.com/ There is no out of pocket cost to apply and if you’re approved you may be able to halt the foreclosure process very quickly. Sometimes within a matter of days.
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