Seattle Foreclosure: Whitehouse Trying to Step in and Help With Adjusting Mortgages
Seattle has seen some homeowners go into foreclosure based on their inability to pay their mortgages once the rates adjusted. Seattle lenders have tried their best to help and refinance these borrowers, but in some cases the borrowers are no longer qualifying under stricter guidelines. According to MSNBC.com, it was just announced that the Whitehouse is 
going to step in and help the lending industry hold rates steady on some of upcoming adjusting mortgages. Bush has a plan apparently to freeze some of these upcoming adjustments for a period of five years in an effort to slow down the flow of foreclosures in to the Seattle real estate market as well as the rest of the nation.
The relief comes for those who got their loan anytime from the beginning of 2005 to July 30th of 2007 with rates set to adjust between January 1st of 2008 and July 31st of 2010. Unfortunately, the relief does not help some people I have already talked to who fit just outside those parameters, but it’s a start. Call me if you want to discuss your mortgage and options which might be available to you. I know several ethical lenders in Seattle and the Seattle Suburbs and would be happy to help you find someone who will work hard for you!
Courtney Cooper ….For all your Seattle Washington Real Estate Needs! Seattle Area Real Estate Agent: Associate Broker and Realtor serving North King & South Snohomish County – Experienced and with a background in accounting – I love my clients and work hard for them! Please call me if you are looking for a home or investment property (including short sales, preforeclosures, foreclosures, and REO properties) in Seattle, Shoreline, Edmonds, Brier, Lynnwood, Mountlake Terrace, Lake Forest Park, Bothell, Mill Creek, Everett, or other Seattle Suburbs! If you are thinking of relocating to Seattle, I am an expert at Seattle Relocation services and can help you find the perfect home while making sure it is a solid financial investment!
Contact info:
Courtney Cooper
phone (206)251-5948
email: courtney@courtneycooper.com
Seattle Foreclosure, Seattle Suburbs Real Estate, Seattle Washington Real Estate
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Courtney Cooper, mortgage refinance, seattle lending, seattle rela estate, seattle washington rel aestate, whitehouse mortgage relief