Upside Down on your Mortgage

Read my most recent article about

Upside Down Mortgage Right Side Up

I just read an article on SmartMoney.com and they gave the obvious options for people who owe more than their home is worth.  Those of you who have visited my site before know that you have options when it comes to being upside down.  Loan modification and doing a short sale are two very good options but leaving out one major idea could be detrimental to some  homeowners.

Refinancing can actually still be done even if you owe more than your home is worth but you really should have a first and a second mortgage.  I have written about this in a few articles so look here and here for more details.  Best of luck to those who are in trouble, never give up and fight to the end to same your home because you will be glad you did in the long run.    If you need further information or want help with a specific question please comment below or email me at brent@brentlane.net

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“Refinancing SECRETS for an Upside Down Loan that Banks Don’t Want You To Know because it will Cost them THOUSANDS of Dollars!”

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UPSIDE DOWN MORTGAGE HELP

FHA New Loan Limits

If you haven’t heard the news you should look at the new higher loan limits for FHA loans.The HUD website posted the new limits so enter in your county and state and you will see what the new limits are in your area.  HERE is the link!  I am preparing a more detailed analysis but this is a great start:

 

Obs   prop    county_nm        med_price   FHA_1unit      

185   CA    Alameda County    995000   729750     

186   CA   Alpine County    438000   547500     

187   CA    Amador County    355000   443750    

188   CA    Butte County    320000   400000     

189   CA    Calaveras County    370000   462500     

190   CA    Colusa County    318000   397500     

191   CA    Contra Costa County   995000   729750     

192   CA    Del Norte County    249000   311250     

193   CA    El Dorado County      464000   580000     

194   CA    Fresno County    305000   381250     

195   CA    Glenn County    230000   287500     

196   CA    Humboldt County    315000   393750     

197   CA    Imperial County        260000   325000     

198   CA    Inyo County    350000   437500    

 199   CA    Kern County    295000   368750     

 200   CA    Kings County    260000   325000    

 201   CA    Lake County    321000   401250    

 202   CA    Lassen County    200000   271050    

 203   CA    Los Angeles County   710000   729750   

 204   CA    Madera County    340000   425000    

 205   CA    Marin County    995000   729750     

 206   CA    Mariposa County       330000   412500     

 207   CA    Mendocino County     410000   512500     

 208   CA    Merced County    378000   472500     

 209   CA    Modoc County    125000   271050     

 210   CA    Mono County    370000   462500     

 211   CA    Monterey County       599000   729750     

 212   CA    Napa County    615000   729750     

 213   CA    Nevada County    450000   562500    

 214   CA    Orange County    710000   729750    

 215   CA    Placer County    464000   580000    

 216   CA    Plumas County    328000   410000    

 217   CA    Riverside County    400000   500000    

 218   CA    Sacramento County   464000   580000    

 219   CA    San Benito County 790000   729750    

 220   CA    San Bernardino    400000   500000    

 221   CA    San Diego County   558000   697500    

 222   CA    San Francisco      995000   729750    

 223   CA    San Joaquin County  391000   488750    

 224   CA    San Luis Obispo    550000   687500    

 225   CA    San Mateo County    995000   729750     

 226   CA    Santa Barbara Cnty  615000   729750     

 227   CA    Santa Clara County   790000   729750     

 228   CA    Santa Cruz County    719000   729750     

 229   CA    Shasta County    339000   423750     

 230   CA    Sierra County    228000   285000     

 231   CA    Siskiyou County    235000   293750     

 232   CA    Solano County    446000   557500     

 233   CA    Sonoma County    530000   662500     

 234   CA    Stanislaus County    339000   423750     

 235   CA    Sutter County    340000   425000     

 236   CA    Tehama County    250000   312500     

 237   CA    Trinity County    200000   271050     

 238   CA    Tulare County    260000   325000     

 239   CA    Tuolumne County    350000   437500     

 240   CA    Ventura County    599000   729750     

 241   CA    Yolo County    464000   580000     

 242   CA    Yuba County    340000   425000  

I wanted to get this to all of you ASAP because I know this is of great

interest.  Stay tuned for more information.

 

If I can be of any assistance, please do not hesitate to contact me-brent@brentlane.net or comment below.