Editor Investor: Live Example Rental Home Status, "Updated Daily", Payments Stopped Jan. 1 Loan Modification Filed
 
Tempe, AZ underwater home

Home: Live Example, Watch Progress

Sites Author, Publisher, Researcher, Investor, Walkaway Party, 6 underwater, this one on public display

Investors Walkaway Forum, Home Investor chat


Example

Entire Investment Is Gone, Continue Losing for What Reason?

Getting Behind On Other Credit To Save Homes, No Good

Bite Bullet On Homes, Modified To Working Cash Flow or Walkaway, Save Other Credit.

Keep Perfect Other Credit, Likely Home Loans In Two Years, Not Seven

Stop Loss

Pouring Money Down A Losing Home Finance Arrangement IS NOT Good Sense. How many mortgages has Donald Trump Walked from? He is Doing Okay.

AZ Editor Owned, Live Example 125k Out of Pocket, 25k Underwater

Loan Mitigation Paper Work Filed Feb. 1.


Follow Homes Status Here and Editors Six Other Underwater, With Daily Updates.
  • Dec. 1, Advance Notice Modifications Or Payments Stop Jan.1.
  • Modification Requested, Phone Response, Nothing Possible, Try Government "Hope" Line.
  • All payments by Editor, to be and were stopped Jan 1.
  • Government "Hope" Line Says "No Hope" If Investor Owned Home. Also Even If Above Water, No Refinancing If Own Over 4 Homes.
  • Exception: December Letter Response from Grandview South Home Lender, said "will work with you". Result: Continued payments on this home. Nothing "worked out" yet.
  • Modification Requested. No Response.
  • Modification Requested Again. No Response til Late Jan.
  • All Paper Work Finally Asked for and Filed Feb.1.
  • Additional Paper Work Requested Feb 25.
  • Previous Financial Data Must be updated, every 30 Days.
  • Threat: 24 Hours To Update or Thrown Out: Faxed.
  • 3 Homes, All Handled Seperately, March 1. Combined.
  • Collection Calls Continue, Sometimes all 3 Homes With This Lender, 3 Collectors in One Hour.

Still Renting As Furnished Arizona Vacation Home, Day, Week Or Monthly, Book http:azvhr.com

bed room with 3 twin beds
bed room with queen size bed
bed room with twin beds.jpg
bedroom with twin beds together
couch in living room
dining room looking in to livingroom
forest
Forest Family room
Forest pool gas BBQ Forest kitchen living room

master bedroom 		 
Click Photo to Enlarge

Real Estate Statistics On this Home
by Mark MacIntyre GO HERE

Status: For All of Editors AZ Underwater Homes and mod pendings. GO HERE

Negotiate Foreclosures
Live AZ "Walkaway" Example Above Modification Papers Filed
Check This Site Regularly For Updates,
Participate In Forum Questions,-
Comments HERE
December 1st, 09, Sent With Payment. Notice of plan to Stop payments Unless Lender Would Work With "Modification." Response, "Can do Nothing."

4533 S Forest Ave
Tempe, AZ 85282

map info
  • Purchase Price: $ 285,000.00
  • Purchase Date: 2-20-07
  • Interest Rate: 6.750%
  • Mortgage Holder: Bank of America
  • Down Payment: $ 54,000.00
  • Refurbish Pool: $ 6,000.00
  • Rehab House: $ 5,000.00
  • Appliances and Furnish House, rent furnished: $6,000.00
  • Payments made to Date: $ 56,265.52
  • Total Investment To Date: $ 127,265.52
  • Current Monthly Payment: $1,701.57
  • Current Balance: $220,903.75
  • Current Market Value: $195,000.00
  • Underwater: $28,000.00
  • On February 1, 2010 All papers requested for Loan Modification filed with Bank of America. Will post response when received.


Mutual Benefit, Give Back Maybe Your Best Option


Investorwalkaway Harlan


Related  

Harlan's All 7 Underwater Arizona Homes.



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