Anniston Housing

Florida’s Affordable Loan Modification Company Keeplivinginyourhome.com Comments On Rise In Foreclosures

Boca Raton, FL (PRWEB) December 21, 2009

With the current unemployment rate in the U.S. rising to nearly 10%, the foreclosure crisis has affected nearly 938,000 properties between July to September, compared with 890,000 in the previous quarter, and a 23% increase from the third quarter of 2008. According to RealtyTrac, if this trend continues, foreclosures may hit about 3.5 million this year, compared to 2.3 million homes last year.

“With foreclosure rates rising, it is important for homeowners to be educated about how they can prevent foreclosures. Though the Federal Government’s $ 75 billion loan modification program has achieved its goal of beginning trial loan modifications for 500,000 financially-troubled homeowners, a large number of homeowners are still at risk,” said Farid Dallal, owner and CEO of Keeplivinginyourhome.com Loan Modifications.

According to Mr. Dallal, though many lenders consider troubled homeowners for a mortgage modification to avoid foreclosure, more borrowers could face foreclosures as their moratoriums end. “I believe that homeowners should be given the opportunity and help needed to keep their homes. The loan modification process can be very confusing for homeowners. The fact is there are no real set parameters that qualify a homeowner for a modification,” said Mr. Dallal.

He also added that most banks are currently taking between six months to a year to make a decision on a mortgage application. Quite often, after waiting for so long, the loan modification is denied and the homeowner has to eventually face foreclosure. “Buyers who apply for loan modifications should first understand what the process entails. Loan modifications can affect your credit rating by a 50-100 points. If your financial situation is only temporary, it may not be the best option since it would be difficult to rebuild your credit.”

To prevent a foreclosure, Mr. Dallal advises borrowers to contact their lender to discuss foreclosure prevention options as soon as they realize they have a problem making payments – the longer they wait, the fewer options they may have. They should also be wary of foreclosure recovery scams and educate themselves about their mortgage rights and foreclosure laws and time-frames in their state.

“At Keep Living In Your Home, we believe the best way to stay in your home with an affordable payment is to assess the current situation and determine what steps are necessary to qualify for a refinance. A refinance has set parameters that have to be met in order to qualify, which helps our loan officers determine what needs to be done to make the refinance a reality,” Mr. Dallal commented.

For more information, call 1-877-500-3001 or visit http://www.keeplivinginyourhome.com/loanmodification/loan-modifications/checkeligibility.asp

About Keep Living In Your Home, Inc.

Keep Living In Your Home is a cost effective loan modification company, that provides loan process, refinance, home purchase, debt consolidation, and home equity loan services. The company provides clients with the knowledge they need to make the right decisions to move forward with the loan process. With its highly knowledgeable and professional mortgage consultants and processing department, Keeplivinginyourhome.com Services gives clients the best loans to fit their needs. As an industry leader, the company takes pride in its vast knowledge of the mortgage industry and the products it offers to borrowers. For more information, visit http://www.keeplivinginyourhome.com/loanmodification/loan-modifications/states.asp?id=32

Keeplivinginyourhome.com is now focusing its loan modification services on the follow states. Alabama Loan Modification, American Samoa Loan Modification, Arizona Loan Modification, California Loan Modification, Colorado Loan Modification, Connecticut Loan Modification, District of Columbia Loan Modification, Federated States of Micronesia Loan Modification, Florida Loan Modification, Guam Loan Modification, Hawaii Loan Modification, Idaho Loan Modification, Indiana Loan Modification, Iowa Loan Modification, Kansas Loan Modification, Long Island Loan Modification, Louisiana Loan Modification, Maine Loan Modification, Massachusetts Loan Modification, Michigan Loan Modification, Minnesota Loan Modification, Missouri Loan Modification, Montana Loan Modification, Nebraska Loan Modification, Nevada Loan Modification, New Hampshire Loan Modification, New Jersey Loan Modification, New Mexico Loan Modification, New York Loan Modification, North Carolina Loan Modification, North Dakota Loan Modification, Oklahoma Loan Modification, Oregon Loan Modification, Puerto Rico Loan Modification, Rhode Island Loan Modification, South Carolina Loan Modification, Tennessee Loan Modification, Texas Loan Modification, Utah Loan Modification, Virgin Islands Loan Modification, Virgina Loan Modification and Washington Loan Modification.

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Federal Home Loan Bank of Atlanta to Award $ 7.9 Million for Affordable Housing in Georgia

Atlanta, GA (Vocus) February 12, 2010

Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will award $ 7.9 million to fund 15 affordable housing developments in Georgia. The funding is part of $ 40 million FHLBank Atlanta will award in 10 states to create or preserve 3,897 units of affordable housing.

FHLBank Atlanta will award the funds as part of its 2009 Affordable Housing Program (AHP) offering. Local community developers, in partnership with FHLBank Atlanta member institutions, will use the funding to build or repair 693 affordable housing units in Clayton, DeKalb, Douglas, Henry, and Rockdale counties, as well as the cities of Americus, Atlanta, East Point, Macon, Newnan, Riverdale, and Villa Rica.

“FHLBank Atlanta’s AHP funding has been stimulating local economies for the past 20 years by serving as a catalyst for revitalizing neighborhoods, creating jobs and supporting economic development,” said Arthur Fleming, senior vice president and director of Community Investment Services, FHLBank Atlanta.

AHP is a competitive funding program that helps develop owner-occupied and rental housing for very low-, low-, and moderate-income families. FHLBank Atlanta awards the funds annually to member financial institutions and their community housing partners. AHP is a component of FHLBank Atlanta’s affordable housing, economic development, and down-payment assistance initiatives. For the complete list of AHP winners, visit http://www.fhlbatl.com/ahp.

About FHLBank Atlanta

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help approximately 1,200 member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System which since 1990 has contributed more than $ 3.6 billion to the Affordable Housing Program.

For a complete list of Georgia 2009 AHP winners, see the attached table.

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Federal Home Loan Bank of Atlanta to Award $ 3.6 Million for Affordable Housing in North Carolina

Atlanta, GA (Vocus) February 26, 2010

Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will award $ 3.6 million to fund nine affordable housing developments in North Carolina. The funding is part of $ 40 million FHLBank Atlanta will award in 10 states to create or preserve 3,897 units of affordable housing.

FHLBank Atlanta will award the funds as part of its 2009 Affordable Housing Program (AHP) offering. Local community developers, in partnership with FHLBank Atlanta member institutions, will use the funding to build or repair 397 affordable housing units in Moore and Richmond counties, as well as the cities of Asheboro, Asheville, Belville, Concord, Davidson, Jarvisburg, and Pembroke.

“FHLBank Atlanta’s AHP funding has been providing economic stimulus to communities for 20 years,” said Arthur Fleming, senior vice president and director of Community Investment Services, FHLBank Atlanta. “Our partners leverage these funds to revitalize neighborhoods, create jobs, and support economic development.”

AHP is a competitive funding program that helps develop owner-occupied and rental housing for very low-, low-, and moderate-income families. FHLBank Atlanta awards the funds annually to member financial institutions and their community housing partners. AHP is a component of FHLBank Atlanta’s affordable housing, economic development, and down-payment assistance initiatives. For the complete list of AHP winners, visit http://www.fhlbatl.com/ahp.

About FHLBank Atlanta

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help approximately 1,200 member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System which since 1990 has contributed more than $ 3.6 billion to the Affordable Housing Program.

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Federal Home Loan Bank of Atlanta to Award $ 2.1 Million for Affordable Housing in South Carolina

Atlanta, GA (Vocus) March 5, 2010

Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will award $ 2.1 million to fund five affordable housing developments in South Carolina. The funding is part of $ 40 million FHLBank Atlanta will award in 10 states to create or preserve 3,897 units of affordable housing.

FHLBank Atlanta will award the funds as part of its 2009 Affordable Housing Program (AHP) offering. Local community developers, in partnership with FHLBank Atlanta member institutions, will use the funding to build or repair 251 affordable housing units in Anderson, Berkeley, Charleston, Clarendon, Darlington, Georgetown, Greenville, Kershaw, Lee, Oconee, Pickens, Sumter, and Williamsburg counties, as well as the cities of Gaffney and Greenville.

“For the past 20 years, FHLBank Atlanta has been providing vital economic stimulus to the communities we serve through our AHP funding,” said Arthur Fleming, senior vice president and director of Community Investment Services, FHLBank Atlanta. “Our partners leverage these much needed funds to revitalize neighborhoods, create jobs, and support economic development throughout the region.”

AHP is a competitive funding program that helps develop owner-occupied and rental housing for very low-, low-, and moderate-income families. FHLBank Atlanta awards the funds annually to member financial institutions and their community housing partners. AHP is a component of FHLBank Atlanta’s affordable housing, economic development, and down-payment assistance initiatives. For the complete list of AHP winners, visit http://www.fhlbatl.com/ahp.

About FHLBank Atlanta

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help approximately 1,200 member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System which since 1990 has contributed more than $ 3.6 billion to the Affordable Housing Program.

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

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Federal Home Loan Bank of Atlanta to Award $ 2.9 Million for Affordable Housing in Virginia

Atlanta (Vocus) March 11, 2010

Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will award $ 2.9 million to fund nine affordable housing developments in Virginia. The funding is part of $ 40 million FHLBank Atlanta will award in 10 states to create or preserve 3,897 units of affordable housing.

FHLBank Atlanta will award the funds as part of its 2009 Affordable Housing Program (AHP) offering. Local community developers, in partnership with FHLBank Atlanta member institutions, will use the funding to build or repair 335 affordable housing units in Caroline, Culpeper, Fairfax, Fauquier, Fluvanna, Frederick, Gloucester, Halifax, King William, Loudoun, Louisa, Orange, Prince William, Russell, Shenandoah, Spotsylvania, Stafford, Warren, Westmoreland, and Wise counties, as well as the cities of Abingdon, Alexandria, Bristol, Chesapeake, Colonial Heights, Damascus, Danville, Fredericksburg, Gate City, Lynchburg, Manassas, Manassas Park, Martinsville, Norfolk, Petersburg, Portsmouth, Richmond, Roanoke, Staunton, Tom’s Brook, and Winchester.

“FHLBank Atlanta continues to lead the effort to bring economic stimulus to the communities we serve through AHP funding,” said Arthur Fleming, senior vice president and director of Community Investment Services, FHLBank Atlanta. “These funds serve as a catalyst for revitalizing neighborhoods and creating jobs in the areas that need it most.”

AHP is a competitive funding program that helps develop owner-occupied and rental housing for very low-, low-, and moderate-income families. FHLBank Atlanta awards the funds annually to member financial institutions and their community housing partners. AHP is a component of FHLBank Atlanta’s affordable housing, economic development, and down-payment assistance initiatives. For the complete list of AHP winners, visit http://www.fhlbatl.com/ahp.

About FHLBank Atlanta

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help approximately 1,200 member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System which since 1990 has contributed more than $ 3.6 billion to the Affordable Housing Program.

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Attachments

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Federal Home Loan Bank of Atlanta to Award $ 12 Million for Affordable Housing in Florida

Atlanta, GA (Vocus) February 5, 2010

Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will award $ 12 million to fund 20 affordable housing developments in Florida. The funding is part of $ 40 million FHLBank Atlanta will award in ten states to create or preserve 3,897 units of affordable housing.

FHLBank Atlanta will award the funds as part of its 2009 Affordable Housing Program (AHP) offering. Local community developers, in partnership with FHLBank Atlanta member institutions, will use the funding to build or repair 897 affordable housing units in Broward, Martin, Palm Beach, and Putnam counties, as well as the cities of Apopka, Arcadia, Avon Park, Brooksville, Fort Myers, Miami, Moore Haven, Punta Gorda, Regal Acres, Sebring, Springfield, St. Petersburg, and Winter Haven.

“FHLBank Atlanta’s AHP funding has been creating affordable housing and community economic development opportunities for 20 years,” said Arthur Fleming, senior vice president and director of Community Investment Services, FHLBank Atlanta. “Our partner relationships leverage much needed funds to revitalize neighborhoods, create jobs, and support overall economic development.”

AHP is a competitive funding program that helps develop owner-occupied and rental housing for very low-, low-, and moderate-income families. FHLBank Atlanta awards the funds annually to member financial institutions and their community housing partners. AHP is a component of FHLBank Atlanta’s affordable housing, economic development, and down-payment assistance initiatives. For the complete list of AHP winners, visit http://www.fhlbatl.com/ahp.

About FHLBank Atlanta

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help more than 1,200 member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System which since 1990 has contributed more than $ 3.6 billion to the Affordable Housing Program.

For a complete list of Florida 2009 AHP winners, see the attached table.

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Attachments

©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Federal Home Loan Bank of Atlanta to Award $ 925,000 for Affordable Housing in Maryland

Atlanta (Vocus) February 19, 2010

Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it will award $ 925,000 to help developers fund three affordable housing developments in Maryland. The funding is part of $ 40 million FHLBank Atlanta will award in 10 states to create or preserve 3,897 units of affordable housing.

FHLBank Atlanta will award the funds as part of its 2009 Affordable Housing Program (AHP) offering. Local community developers, in partnership with FHLBank Atlanta member institutions, will use the awards to build or repair 116 affordable housing units in the cities of Annapolis, Baltimore, and Oakland.

“For the past 20 years, FHLBank Atlanta has been providing economic stimulus to the communities we serve by helping to create affordable housing options and employment opportunities,” said Arthur Fleming, senior vice president and director of Community Investment Services, FHLBank Atlanta.

AHP is a competitive funding program that helps develop owner-occupied and rental housing for very low-, low-, and moderate-income families. FHLBank Atlanta awards the funds annually to member financial institutions and their community housing partners. AHP is a component of FHLBank Atlanta’s affordable housing, economic development, and down-payment assistance initiatives. For the complete list of AHP winners, visit http://www.fhlbatl.com/ahp.

About FHLBank Atlanta

FHLBank Atlanta offers competitively-priced financing, community development grants, and other banking services to help approximately 1,200 member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System which since 1990 has contributed more than $ 3.6 billion to the Affordable Housing Program.

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Attachments

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Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Related Alabama House Press Releases

BMC Capital Provides $ 960,000 Loan for a Multifamily Property in Florence, Ala.

Dallas, TX (PRWEB) October 7, 2006

BMC Capital announced on Thursday, October 5, 2006, that it originated a $ 960,000 loan for the acquisition of Wildwood Terrace Apartments, a 60-unit complex located at 1247 Graham Avenue in Florence, Alabama, a city in the northwest corner of the state.

Derek Miller, a loan officer at BMC Capital’s Dallas headquarters, originated the loan for the California borrower. Miller provided a 5-year fixed rate on an 80% loan-to-value mortgage with a 30-year amortization. Diane Silk of Coldwell Banker represented the buyer. Vicky Phillips represented the seller.

BMC Capital is a leading lender for small-balance multifamily loans in the Southeast and anticipates originating at least 100 such transactions in 2006.

About BMC Capital, LP

BMC Capital, LP is the country’s leading specialist for providing multifamily, commercial, owner/user and hospitality mortgage loans in the $ 500,000 to $ 5 million range. Headquartered in Dallas, BMC Capital has offices around the country and finances real estate in all 50 states.

For more information on BMC Capital, contact:

Jonathan Morris

President

4514 Cole Ave, Suite 750

Dallas, TX 75205

(214) 526-7178

http://www.bmccapital.com

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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

New Doctor and Dentist Mortgage Loan Program Provides 100% Primary Residence Financing up to $ 650,000 Without Monthly PMI

The 100% Doctor Loan without PMI

Houston, TX (PRWEB) February 11, 2011

Now Doctors and Dentists can purchase a primary residence with no down payment up to a $ 650,000 maximum loan amount. Even better, there is no monthly Private Mortgage Insurance (PMI) added to the monthly mortgage payment. This rare physician loan program makes it easier to purchase a home without liquidating cash reserves. Most U.S banks do not offer this unique loan program.

Physicianloanexperts.com provides a free service of matching a mortgage loan specialist with doctors and dentists looking for the rare Doctor Mortgage Loan and Dentist Mortgage Loan program.    

Refinances are also available up to $ 1.5 Million loan amount at 89% of appraised value without monthly PMI.

This program is available for primary residences in the following states:

Alabama, Arkansas, Florida, Georgia, Illinois, Indiana, Iowa, Kentucky, Louisiana, Mississippi, Missouri, North Carolina, South Carolina, Tennessee, Texas and Virginia.

Mortgage options include 5/1, 7/1, 10/1 ARMs or Fixed Rate mortgages. Interest rates are lower on the ARM products and there is no prepayment penalty on any of these programs.

One of the most challenging aspects of moving to a new state for employment is closing on the home purchase on time. These bank specialists understand family relocation concerns and work with buyers in all eligible states to meet your home purchase deadline. Doctors or Dentists with new salaried employment contracts can actually close on a home up to 90 days prior to starting new employment if an executed employment contract is provided during the loan approval process.

Program eligibility requires each borrower to have a 700 middle credit score for 100% financing, or 680 credit score for 95% or lower financing. Resident physicians are also eligible. Doctors who have been self-employed over three years are eligible.

“We were having difficulty finding a bank that offers this physician loan program until we found your website. Kyle had our mortgage fully approved well before the actual closing on our home in Missouri and he works in Texas. He kept us informed all the way and even our Realtor was impressed. We highly recommend your service to Doctors.” — Dr. Chris B.

For additional information visit http://www.physicianloanexperts.com. Call toll free (866) 941-1496.

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, Vocus PRW Holdings, LLC.
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Federal Home Loan Bank of Atlanta Announces Priscilla Howard as New Advisory Council Member

Atlanta, GA (Vocus) May 7, 2010

Federal Home Loan Bank of Atlanta (FHLBank Atlanta) announced today that it has appointed a new member to its Affordable Housing Advisory Council. Priscilla Howard of Tallahassee, Fla. was selected to serve as one of the two council members from Florida. FHLBank Atlanta’s Affordable Housing Advisory Council has a total of 15 members. Howard’s term began May 1, 2010.

Howard currently serves as president of Community Solutions Group in Tallahassee. The Community Services Group specializes in assisting clients in all areas of affordable housing, including finance, and related local, state, and federal policy issues and capacity building. She also is the financial advisor for the Jacksonville Housing Finance Authority and community representative for the City of Tallahassee Affordable Housing Advisory Board. Howard has 24 years of experience in housing and community development. Previously, she was senior manager of the Florida Housing Finance Corporation’s affordable housing programs.

About FHLBank Atlanta

FHLBank Atlanta (http://www.fhlbatl.com) offers competitively-priced financing, community development grants, and other banking services to help approximately 1,200 member financial institutions make affordable home mortgages and provide economic development credit to neighborhoods and communities. The Bank’s members—its shareholders and customers—are commercial banks, credit unions, savings institutions, and insurance companies headquartered in Alabama, Florida, Georgia, Maryland, North Carolina, South Carolina, Virginia, and the District of Columbia. FHLBank Atlanta is one of 12 district banks in the Federal Home Loan Bank System which since 1990 has contributed more than $ 3.6 billion to the Affordable Housing Program.

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©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Related Alabama House Press Releases