$10,000 State Credit for New Homeowners

Starting March 1, California will make money available to new homeowners who are closing escrow on a new home.

Here is how it works: if you purchase a new home between March 2009 and March 2010, $10,000 will be credited over three years on your tax return. You must apply, and this is on a first come first serve basis. In addition, the federal govenment is offering $8,000 in federal income tax credits for first-time homebuyers who purchase before December 1, 2009.

To qualify for the CA rebate, you must live in the house for at least two years. This must be a new, never before occupied home.

For more information visit the web site where you can download the CA homeowner tax credit application.

For a list of like new homes in Southern California available for sale, or with a lease option (rent to own) please call (909) 972-0041 or visit our properties for sale list.

Free Loan Modification Consultation

Lower House Payment is offering a 100% free loan modification consultation. Our staffs of attorneys have a 99% success rate. We can help. Contact us today for a free loan modification consultation.

Who Qualifies for Loan Modifications

Who Qualifies for Loan Modification?
Howeowners with a temporary hardship that caused a delinquency, but has since been resolved are qualifed. You must also be able to make structured payments and have an income sufficient enough to support the new payment amount. If any of the following situations apply to you, you may qualify to modify the terms of your mortgage and lower your house payment.

1. A once affordable loan was recently adjusted and now you can't make payments
2. A recent job loss and decrease in income makes you unable to mortgage payments
3. Due to a disability you can no longer afford mortgage payments
4. Rentors damaged your property and as a landlord you cannot afford current payments
5. You're a landlord who can't make payments because of evictions or non-paying rentors
6. Divorce
7. Bankruptcy
8. Pending foreclosure
9. Medical bills
10. Inheritance (Probate)
11. Death in the family
12. Other reasons which make you unable to make payments

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Questions About Loan Modifications and How to Lower Your House Payment

What is a Loan Modification?
"A change in the terms of a loan, usually the interest rate and/or term, in response to the borrower's inability to make the payments." From EdwardJones.com"A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford."From HUD.gov

What can a Loan Modification do?
Changes to your loan may include any of the following:
*Lowering the mortgage interest rate
*Extending the years of the mortgage
*Setting a fixed mortgage interest rate (instead of an adjustable one)
*Adding arrearages (delinquent amounts due) onto the back end of the loan
*Reducing the principal balance
*Or a combination of several of the above

Each loan modification case varies. Each homeowner will have a unique set of circumstances.

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Questions About Foreclosure, How to Stop Foreclosure, and Preventing Foreclosure

What is Foreclosure?
Foreclosure is process by which the bank reposesses a home. If a house is being foreclosed it means the homeowner is behind on payments, probably due to circumstances beyond their control. Homeowners being foreclosed are ultimately served with eviction papers and have to move out of the house which the bank or lender then sells.

How do you Stop Foreclosure on a House?
LowerHousePayment.biz works on behalf of the homeowner to resolve mortgage delinquencies or home foreclosure. After a thorough analysis of your financial situation, your lender's mitigation policies, and your state's foreclosure laws, we work with you, the homeowner, to determine the best resolution to your situation. On the homeowner's behalf, we negotiate with the lender for a successful resolution. We do all of this quickly and effectively because we have been doing this for 21 years and have thousands of satisfied customers.

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