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Stop Foreclosure Now
Freddie Mac Rates Rise on Positive News
Mortgage News Daily recently released an article on the increase to mortgage rates from the the record low territoryof the last few weeks. The article reads...The Primary Mortgage Market Survey released yesterday morning reports that the 30-year fixed-ratemortgage (FRM) rose to 4.84 percent during the week ended May 7. This was an increase of sixbasis points from the previous week's average of 4.78 percent which had tied the record for the low-est rate since Freddie Mac began its survey. Fees and points during both weeks averaged 0.7.In releasing the data Frank Nothaft, Freddie Mac vice president and chief economist commented,
"Mortgage rates rose slightly this week amid positive economic news that the economy may be approaching the bottom of the recession."
In terms of the household sector, the final April estimateof consumer sentiment, as measured by the University of Michigan, was revised above the marketconsensus. On the business side, the ISM Manufacturing Index for April also exceeded market ex-pectations.In addition, the positive news was corroborated by Fed Chairman Bernanke when he stated that heexpects economic activity to bottom out, then to turn up later this year. He also noted that the hous-ing market is beginning to stabilize. For instance, pending existing home sales rose for the secondconsecutive time in March and represented the first back-to-back monthly increase since March2008. Furthermore, in its April 2009 Senior Loan Officer Opinion Survey, the Federal Reserve foundthe demand for prime mortgages rose for the first time since April 2007 when it first began collectingsuch detailed mortgage data."This is great news to some homeowners, but many others can still be in trouble. For those in trouble, ashort saleisa great way to prevent foreclosure.
“Our short sale service is a winner all around. You sell your home in a market that  already has a 19-month inventory of unsold homes and the bank gets cash back instead of another vacant property.If you want to avoid foreclosure, Sell Home Owner can help. One of the biggest problems homeowners face is wait- ing too long to ask for help. Contact us today and let us show you how you can start breathing again,” 
says the rep-resentative fromSell Home Owner.If you are considering a short sale, and are looking for a short sale specialist firm, choose the right partner by usingthe following guidelines:•Look for a company that does not charge fees. The only short sale companies that charge fees to the sellerare scam artists who want to take your money and run. These companies ask for a fee, because they want a“guarantee” that they will make a money off of your account, regardless of whether or not your home sells.True short sale companies will not charge you a fee for your business, and instead work off of a commissionstructure based on their sales. This means that they do not get paid unless they obtain a successful shortsale of your home.•Make sure the company has licensed and bonded mortgage brokers on staff. If a company does not havelicensed professionals on their staff waiting to help you, then you are most likely involved with a scam.Remember, if you want to get the best possible price for your home, you need to work with someone who hasproven experience and strong relationships with lenders.•Check to confirm that lawyers, not simply sales professionals, review all contracts. Lawyers’ are the onlyqualified party to review these complex contracts, and they can prevent you from making several criticalerrors.
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Short Sale Scams Boom In Recession Page 1 of 2Sell Home Ownerwww.SellHomeOwner.com
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