Cash is King – Upside Down Mortgage Solutions

March 4, 2009

Upside Down Mortgage: Obama’s “Making Home Affordable” Program

“This article has been out for several months now and this are constantly changing. Find More information at my new home page Short Refinancing

Get Upside Down Mortgage Help

The Obama Camp is launching the “Making Home Affordable” program designed to help homeowners who are Upside Down on their mortgage.

The details of the program are not all available but they do lay out the required paperwork and a few guidelines.

“It’s not intended to prevent every foreclosure or to help every homeowner,” a senior Treasury Department official told reporters. “It’s really targeted at responsible homeowners.”

I guess the hidden good news is that if you have an Upside Down Mortgage and you are paying you payments on time this is the plan you have been waiting for.  No more sneaking around or trying to force something down the throats of the lenders.

“I’ve just seen so many of the programs not work,” said Pava Leyrer, president of Heritage National Mortgage in Randville, Mich. “It gets borrowers hopes up. They call and call for these programs and we can’t get anybody to do them.”

Read More about “Making Home Affordable Program“…….

Learn More about Short Sales Here!



  1. Does this plan help me?
    MY wife and I bought at the peak of the housing bubble, July 2006. We also bought in South Florida which obviously is being affected harder than other areas by the bubble. We paid 310K, but did not buy beyond our means, but it was close. Our plan was to buy here live for 5 years, sell, make a profit on this house, and buy another one. We have a first through countrywide (250K) and a second through Citi (60K). We have never been late on our mortgage payment, and any payment for that matter. Our problem is two fold. One we are expecting a child in July, and we will be financially secure until October. After that it will be hard to make our mortgage. Problem 2 is houses similar to ours are being listed for 138K in our neighborhood. I have looked and guesstimated that our house is worth 200K. I have tried to talk with the banks to get a principal adjustment, and they wont even talk with me unless we are behind in our payments. I asked how a short sale works and they won’t even let me talk with the adjusters again until we are behind. We are thinking heavily on just walking from this house, as I don’t see a light at the end of the tunnel where I will ever get my money back out of this house. I would rather take the 5yr hit to my credit and save the 3K we spend a month on our mortgage. To make matters worse we were broken into last week. I have no idea what to do or who to turn to ask questions, without the fear of being scammed. Please Help, and let me know doe st hi new plan help me?

    Comment by Jimmy Clement — March 12, 2009 @ 1:55 pm | Reply

  2. It is my understanding that my mortgage is much more than what my home is worth. I don’t know where to turn. I have an adjustable rate of 9.75% and have not been late with my mortgage payment to Countrywide. Can you give me some advise or help me. Thank you.

    Comment by Tommy Bachicha — July 28, 2009 @ 1:52 am | Reply

    • Hi Tommy!

      So sorry for not responding. This BLOG has a life of it’s own I am afraid and at times I miss the good comments that are mixed in with the SPAM.

      Please visit and watch the video. If that sounds like something I can help you with then please contact me using the form on that page.

      Hope to hear from you!

      Comment by brentlane — February 23, 2010 @ 8:31 pm | Reply

  3. I have an Adjustable Rate Mortgage that I owe
    over $113,000.00 on a $86,000.00 home. I am 68 years old working full time and drawing social security. My question is – what can I do so that my home will not go into foreclose if I choose to relocate or I die?

    I need help………never been late……..payments are drafted monthly.

    Comment by Margaret Ann Bass — November 6, 2009 @ 6:12 pm | Reply

    • Hi Margaret!

      There are several options to be help you with your Upside Down Mortgage

      I suggest starting with looking into anUpside Down Mortgage Refinance to see what options you might have. My site at is a great place to start. I have videos there that will walk you through the process and get you involved in the discovery process. If you find out that you can refinance just contact your local person or if you are in California contact me directly to help you with a refinance.

      Hope that helps.

      Comment by brentlane — November 6, 2009 @ 6:41 pm | Reply

  4. I live in Lawrenceville Ga and I have 6.50% interest loan to to mature to a fix rate in 2016 I owe 221,000 but my home is worth 205,000 and I pay 114 a month PMI. I have a fannie mae loan– Is there any hope for me ?
    appriciate any news if there is any..

    Comment by Raymond Tadeo — February 20, 2010 @ 12:34 am | Reply

    • Raymond!

      Thanks for the comments!

      I am currently working with folks from all over the country in situations just like yours. There are so many different variables that it is difficult to answer your question without more details.

      Start out by watching my latest video at and fill in the form for more details if necessary.

      Hope to hear from you.

      Comment by brentlane — February 23, 2010 @ 8:32 pm | Reply

  5. Hey did you know there’s a free informational ebook and video that explains how to payoff your mortgage in 90 days so you wouldn’t have to worry about losing your home ever again? It’s great information and a helpful tool if you are upside down.

    Comment by Dee | Payoff Mortgage Early — March 23, 2010 @ 4:27 pm | Reply

  6. Live transfers mortgage leads and exclusive live transfer leads telemarketer mortgage Leads New! Modification leads – We provide quality mortgage leads for the banking and mortgage industry. By telemarketing homeowners our call center will generate quality mortgage leads for refinancing.Mortgage Leads , Exclusive Live Transfer Leads , Live Transfers

    Comment by carol schinder — May 17, 2010 @ 6:03 am | Reply

  7. The Home Affordable Modification Program is an excellent program if you can get through the application! After taking days to read & understand how to fill out & quality for HAMP I was able to lower my interest rate to 2%. The application was so confusing because they want you to fail! Now that I understand how to qualify I was able to help my neighbors get approved usually in about 30 days!

    Comment by Candy Small — June 25, 2010 @ 4:37 pm | Reply

  8. I applied for a

    I applied for hamp, and was told I didn’t have enough income to get a loan modification. Isn’t that what it is for people who can no longer afford their payments because of a hardship and need to stay in their homes?

    Comment by margie mcginnis — September 30, 2010 @ 1:50 am | Reply

  9. I found all of the latest foreclosure news and all about the available programs at
    Site is updated daily.

    Comment by JC — October 28, 2010 @ 7:11 am | Reply

  10. Yes. It is better than the best!

    Comment by Sanford Kuanoni — August 2, 2011 @ 8:04 pm | Reply

  11. my boyfriend and i both own our own homes, i am doing a short sell on my, just got behind and i owe way more than what my house is being sold at. my boyfriend’s house is current on payments. we want to sell his house too, but there again he owes more than what it will sell for. we want to buy a house together. so we are not quite sure how to do this. what should he do to get out of his current home so we can buy another one?

    Comment by karen — February 16, 2012 @ 3:25 am | Reply

  12. My husband and I are upside down on our mortgage. We brought our home at the top of the housing bubble. We purchased our home for $584,000, at an 80/20 mortgage. The 80% is at 7 1/2% interest rate and the 20% is at 11.5% interest rate. We thought that we would accept the high interest rates and eventually refinance to lower rates. Needless to say, we are upside down in our mortgage by $100,000. People in our development are selling their homes for $485,000. We have been in our home for the past 7 years. We have never been late on a payment, although we have had to struggle. We are trying to hold on to our decent credit scores but are finding it increasing difficult to maintain. We contacted our bank, Bank of America who has told us that since we have never been late they cannot help us. Also, they told us that our mortgage is backed by a private owner, who does not participate in any program. We have no idea as to what to do.

    Comment by DA — March 6, 2012 @ 5:05 am | Reply

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