Success Story!

Dear Julia and Travis,

Merci beaucoup for all you have done for us. Although we give the majority of the credit to God we know that you are His angels that were sent to save us from financial devastation.

Meeting you at church was a divine appointment and we honored that the moment it happended. We are so thankful that you were able to protect us from a deficiency from the bank and a 1099 from them as well.

We thank God for you and your team. Your dedication to serving us and God has made it a pure joy to work with Ideal Homes.

God Bless You All!

Have a Majorly Organized Day,
Angela Cody-Rouget

The Truth about Loan Modifications...??

Are lenders willing and wanting to do loan modifications?

Well, I thought so... that is until 90% of the homeowners I work with began telling me as to how much their lender was not willing to work with them. Many of them spent multiple months working with their lenders, some even fell behind on payments because their lender required it, and all of them wasted precious time as their lender denied them the ability to do a loan modification and grant them the chance to stay in their home.
In the beginning, it sounded as if the Home Affordable Program was going to be a very viable option for many people but as time as unfolded, it's tougher to qualify for than we thought, leaving many homeowners devastated.
Originally, Obama said it would help up to 4 million homeowners avoid foreclosure. But only about 200,000 loan modifications are under way.
So the question becomes. WHY? Why are there so few loan modifications going through? Why are banks resisting loan modifications more than they are embracing them? Why is it this over-promising, under-delivering affect?
You may be shocked...

"Without government aid, servicers don't have enough financial incentive to modify mortgages. Each year, they earn about one-quarter to one-half percent of the value of the loans they service, so the larger the mortgage, the more they make. They earn less if the loan is modified, usually by lowering the interest rate or principal or adjusting the term.

The servicers also make money through late fees, or by foreclosing. The paperwork necessary to execute a foreclosure can generate hundreds of dollars in fees for some servicers."

$$$$ seems to be the root of some of this "evil" and though the lenders may be a bit on the "greedy" side, there are still very viable options to homeowners who are on the edge of losing their home. As seen on CBS, Channel 4 News, we at Ideal Homes are helping hundreds of homeowners overcome one of the greatest oppositions of our economy... foreclosure!! And it's all done through a short sale. A short sale that will cost you nothing and will take the edge off of many of the alternative consequences.

Please call us today if you are one of the many who is unable to work out a loan modification with your lender. We truly can help!

To read more on this particular article about loan modifications, click the following link:
http://www.thedenverchannel.com/money/20292682/detail.html

Why We Do What We Do!

Another reason why we do what we do...
A recent testimonial from homeowners who were successfully dismissed from the burden of their home by doing a short sale with us at Ideal Homes.

July 14th, 2009

My husband and I were in a desperate situation where we owed more on our home than what it was worth. I had lost my job in the area of our home and my husband was driving 120 miles round trip to work each day when the price of fuel went up. We had tried selling our home off and on for several years with no success. Then our daughter was hospitalized for two months and we had to help her out with hospital bills. It got to the point when we could no longer afford to buy our prescriptions that we realized we could no longer make the payments on our home.

I had done some research on the internet looking for alternatives to foreclosure when I found this thing called a “short sale.” We had never heard of it before. Shortly after that we were driving down the road when I saw a big sign saying call Ideal Homes for short sale information. My husband and I were skeptical about calling a number from a sign on the road but we made the call.

We were soon contacted by Julia Gentry from Ideal Homes who presented herself very professionally. She answered all our questions and was very knowledgeable about the business. She provided us promptly with all the forms that were needed. They contacted our leinholder and began the process. During the interim they remained in contact with us with updates on the process.

There were times that we worried was this the right thing to do since we did not know anything about their company. We thought “what if they are a rip-off company” and we are signing documents giving our home to them! All these things crossed our mind but we tried to be patient and let the process work.

When they called and told us we had a closing date we were so relieved and happy.

We would recommend Ideal Homes to anyone looking to sell their home. They worked very hard to finalize our closing and we were very pleased with them.

Sincerely,

Faye & Steve Rushing

To see more on their story, please watch the interview recently done by CBS Channel 4 News...
http://cbs4denver.com/local/short.sale.homes.2.1092320.html