Dean Graziosi, author of The New York Times best-selling book Be A Real Estate Millionaire, recently talked to WGN News about how to save your house from foreclosure and make the most of the down-turned housing market. With mortgage rates falling to 30-year lows, now is a great time to refinance or buy.
President Obama’s $700 trillion dollar bailout contains billions of dollars allocated to home owners in trouble. As Graziosi explains to WGN, if you’re behind in payments and at risk of losing your home, or if your payment exceeds 38 percent of your monthly income, there’s money available to you. Also, if you’re on track with making your mortgage payments, but your home value has dropped, you, too, can get help from Uncle Sam.
Banks have too many homes on their books and they don’t want to foreclose, so they have developed loan-modification departments and are willing to help homeowners now more than ever before. Graziosi has written a four-step plan for keeping your home-sweet-home:
1. Housing Help From Uncle Sam
2. Loan Modification on Your Own
3. Discount Your Upside Down House
4. Go Invest
To listen to Graziosi on WGN and obtain his FREE Word document containing the details of the above four-step plan, follow this link:















