Digital News Report – On the Oprah Winfrey Show, they showcased families that were about to lose their homes to foreclosure. One family has watched their income reduced dramatically. Another is a single mom that can’t make ends meet. Both are faced with losing their home to foreclosure, but that was until Will.i.am paid off both of their mortgage loans.
Oprah announced Will.i.am from the Black Eyed Peas to the viewers and audience. Oprah told the families that he is paying off both of their mortgages. Will.i.am explained how he had a dream to buy his mom a home and then he did. Last year he wanted to buy his aunt a home and he did. The families were extremely grateful for the mortgage loan payoff and Will.i.am saving their home from foreclosure.
Will.i.am announced his iamhomefund.org website on the show. The ‘I Am Home Fund’ is an organization to help homeowners that are at risk for losing their home. Will.i.am has put some of his own money in the organization, but he is also asking for donations for the organization to help others. He said that a lot of people right now are losing their homes because there aren’t any jobs available.
Besides the generosity of Will.i.am’s organization, there is another way to avoid foreclosure of your home. Obama’s government loan modification program has been helping homeowners to refinance an existing home loan to lower interest rates, lower monthly payments and also to lower the amount due for the home loan that has to be paid back with a mortgage loan forgiveness on part of the amount. To learn more about the Making Home Affordable program at www.makinghomeaffordable.gov.
2 ways distressed homeowners can lower their monthly payment by 20-50%.
Their are more options. Don’t take any advise from your lender because they are in an adversarial position to you and only acting in their best interests.
Loan Modification to learn the new rules of loan modification about what is happening today, results people are getting and how to qualify; all the information can be found on this page. http://www.realestatesecretstoday.com/loan_modification.html
Principal Reduction, Short Refinance if you are upside down 120% or more you can keep your home, get a new lower loan amount with a new lender at 90% LTV of today’s market value. The company that has this short refinance can be found at this link http://www.realestatesecretstoday.com/acs_principal_reduction.html
I am a homeowner with foreclosure looming upon us in the very near future. I am looking for help and wondering how I can get my name in for the Will.i.am.Charity?
iamhomefund.org is the Will.i.am charity website
We have been under a Land Contract since 07-10-2002, We have a very short amount of time. I have called every Government Agentcy on USA. Gov & them some no help for people with a Land Contract. I think thing’s should change for family’s on a Land Contract as well. If there is something please let me no ASAP.