Category Archives: Coaching

Avoid Foreclosure: Option 10 – Repayment Plan

Option 10. REPAYMENT PLAN

Definition: You coordinate with lender to agree upon a monthly payment and the payment and interest on past due amounts. So, providing you keep up the appropriate payments, at the end of the term you will have repaid the loan in full. Terms are set up in the same way as most types of loans with % rate and time frame to pay off.

If you have incurred a short term financial hardship and your loan is two or more months past due, you might consider submitting a request for a repayment plan to your lender … Read the rest

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Avoid Foreclosure: Option 9 – RE-AMORTIZATION

Option 9. RE-AMORTIZATION.

Definition: The delinquency is added to the loan balance in order to bring your payments up to date. Adding past due loan amounts to your current loan balance increases your loan balance and will also increase your monthly payments. The amount of the payment increase will be smaller if the life of your loan is extended at the same time as well. This is a good option if the reason for your mortgage default was temporary and your future income will support the new payment.

Go here for more Foreclosure Coaching… Read the rest

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Do you know what an RSS Feed is?

If not – watch this 3 minuteYou-Tube video, RSS IN PLAIN ENGLISH, coaching you why RSS feeds are so helpful!

Why are we sharing this information with you?

tameraaragon.com has RSS feeds available for investors now.

We have added the option for you to receive updates through an RSS feed whenever tameraaragon.com adds a new investor tool and/or property.

http://www.youtube.com/watch?v=0klgLsSxGsU… Read the rest

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Avoid Foreclosure: Option 1- PAY THE DELINQUENCY

Option 1. PAY THE DELINQUENCY.

Definition: Use personal assets to pay what is past due to get your home out
of foreclosure.

Under most circumstances, loan holders are required to accept payment of
the full delinquency and reinstate the loan even after foreclosure proceedings
have begun. Keep in mind, the delinquency may include certain legal costs
since you are already in foreclosure. Many holders require certified funds for
reinstatement. Some assets to consider would be to utilize your 401K, the
“Friend asset”, (borrow from friends and family), sell some assets, borrow
against assets, use lines of credit and credit cards.… Read the rest

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