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The Black Financial and Fraud Report: Agency Says No to Mortgage Relief

The Director of the FHFA says no to Obama on proposal that Fanny and Freddie forgive portions of mortgage when house is "under water"

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FHFA Mortgage Cops Arden Arcade Short Sale Agent and Default Advocate Mike Rigley

http://www.shortsaleandloanmod.info Arden Arcade Short Sale Information -- The Mortgage Cops are looking for Strategic Defaulters

Looking for Arden Arcade short sale information? You have come to the right place. Mike Rigley Certified Default Advocate, Distressed Property Expert and your short sale specialist here thank you for joining us. Today let's talk about a recent report by Lew Sichelman in the Chicago Times regarding the FHFA tracking down Strategic Defaults

Who knew we had mortgage cops right? We evidently we do. As recently reported in the Chicago Times the Office of the Inspector General at the Federal Housing Finance Agency -- the supervisory agency of Fannie Mae and Freddie Mac has launched an investigation into those who could have paid for their mortgage but decided to let the properties go to foreclosure instead.

So let's think about this for a minute. Can the Feds really come after you if you could pay the mortgage and decided to let the property be foreclosed on instead? The OIG thinks so. They figure Fannie and Freddie lost nearly a billion dollars to Strategic Default and they want their money back. They are especially focused on the "Buy and Bail" crowd -- those who bought another property and let he first one go to foreclosure.

So you have heard me before say that it truly is a business decision to get out from under your underwater mortgage -- but what if you are classified as a Strategic Defaulter?

Guys that is where a Arden Arcade Short Sale comes in. In order to complete a Arden Arcade Short Sale the investor, in this case Fannie Mae or Freddie Mac have to agree to the Arden Arcade Short Sale. If they agree to let you out of the mortgage how can they possibly come back after you? As long as you did not falsify information on your mortgage application the answer is they can't.

If you are upside down in your property and you have made the decision to walk away from the mortgage, a Arden Arcade Short Sale is the safer way to go, not to mention it is easier on your credit and you can buy again within 2-3 years vs. 5-7 in a foreclosure.

Is a Arden Arcade Short Sale Right for Me?

To get a better idea of when your Arden Arcade home will be worth what you owe, log in to www.shortsaleandloanmod.info for a free estimate or call me today for a free no obligation consultation or for the latest Arden Arcade short sale information. Call me today and sleep better tonight; you'll be glad you did

If you are a homeowner who has missed payments, possibly facing foreclosure, owe more than your home is worth or are just looking for short sale information, please contact Mike Rigley, Short Sale Specialist and Default Advocate at 888-317-9376 or mike@norcalmortgagerelief.com for a free no obligation confidential consultation and receive the latest information on your options to avoid foreclosure and the benefits of a short sale.

Freddie Mac Short Sale While Current. Find out here http://youtu.be/iFQtKCd92EU

Learn More about Mike and his expertise at http://youtu.be/EtrjKmU9nIQ

If you owe more than your home is worth, want to know how long in todays present market it will take until your home is worth what you owe? Check out our calculator at http://www.shortsaleandloanmod.info

Consistently ranked as one of Northern California's top Short Sale Agents and Specialist, Mike Rigley is one of the areas premiere Certified Default Advocates. With his strong focus on assisting homeowners in need, Mike offers a straightforward no nonsense consultation designed to give you all the information and facts to enable you to make the best decision for you and your family. As every situation is different, Mike offers his insight and knowledge of the default process and all the options available to you to avoid foreclosure. Mikes experience of representing both homeowners in distress avoid foreclosure and his insider knowledge of the default process makes' Mikes experience unique. Trained and personally coached by the former Chief Loss Mitigator of IndyMac bank, Mike understands what the banks are looking for and how best to assist you in your time of need. Call Mike today toll free at 888-317-9376 for your free consultation and sleep better tonight

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