Unable to Make your Mortgage Payments or Upside Down on Your Mortgage? Step 1

If you are unable to make make your mortgage payments or if you are upside down on your mortgage there is still hope!
Step 1 is to enlist the help of a real estate agent who is certified to work with distressed properties.  There are many options whether you want to stay in your home or sell it. 
Obama's Making Home Affordable plan has helped millions of homeowners keep their home.  From refinancing at lower interest rates to reducing the principle amount owed on your mortgage there is a plan for you.
Visit http://www.makinghomeaffordable.gov for specific programs that may help you.  As your realtor I can guide you through each of these programs and help you determine which one is best suited for you. 
If you have decided you are not able to keep your home I can help save you from foreclosure by finding a buyer for your home and asking the bank to reduce the amount you owe on your mortgage.  Through negotiations with the bank you could possibly walk away from your home debt free.  The best part - there is no out of pocket expense for your real estate fees.
Call me today for a free consultation - don't delay.  Help is available! 
Tammy W Eakes
228-223-6560
Certified Distressed Property Expert
Short Sales and Foreclosure Specialist

Upside down on your Mortgage and don't know who to ask for help?

I recently had the privilege to speak about Short Sales and Foreclosures to the 2012 MS Gulf Coast Leadership Class.
I spoke to them on the many options homeowners have for refinancing their homes or postponing their payments as part of the Obama plan.
I also spoke to them on what to do if the homeowner did not qualify for any of the options under the Obama plan.
The feedback from the class was that they NEVER would have thought to call a realtor for help with this sort of problem. Wow, was that eye opening!
I have decided to make it my goal to inform homeowners that YES, A REALTOR CAN HELP SAVE YOU FROM FORECLOSURE!!!
A realtor with the proper certifications and experience will know the options for a homeowner for their specific situation.
I have had many successful short sales and am SFR (Short Sale and Foreclosure) Certified and CDPE (Certified Distressed Property Expert) Certified.
I will be updating my blog with an on-going series regarding what homeowners can do when they face a distressed situation in life and have trouble paying thier mortgage.
In the mean time, if you or anyone you know is facing any of these issues PLEASE call me. I can HELP YOU!
Stay tuned...

Unemployed? Bank MAY allow you to postpone payments!

Unemployed to Get More Mortgage Relief
Daily Real Estate News Monday, January 09, 2012
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Unemployed home owners who have mortgages backed by Fannie Mae or Freddie Mac may be eligible for up to a 12-month reprieve from paying their mortgage or paying reduced payments for that time period.
The mortgage giants’ program currently allows six months of relief to the unemployed. Freddie Mac announced that the changes will take effect Feb. 1. However, Freddie officials say extended one-year forbearance period will be temporary, and borrowers will still be responsible for eventually owing the payments they’ve missed.
Fannie Mae announced it also would be implementing a similar extension to its unemployed aid program.
"These expanded forbearance periods will provide families facing prolonged periods of unemployment with a greater measure of security by giving them more time to find new employment and resolve their delinquencies," says Tracy Mooney, a Freddie Mac senior vice president. "We believe this will put more families back on track to successful long-term home ownership."
Source: “Fannie, Freddie to Give Unemployed Up to 12-Month Break on Mortgages,” Dow Jones Business News (Jan. 6, 2012)
Read More
The Ins and Outs of Obama's New Mortgage Refi Plan