Rodney Brenneman and Your Home Solution LLC,s loss mitigation division get lender to waive over 9 million dollars in interest and fees on over 130 residential properties in the greater New Orleans area.We have a lender and many borrowers who got stuck in the mortgage meltdown.In the hurricane stricken areas from Katrina,hundreds of people are out of FEMA trailers and into newly remodeled homes.FEMA pays nearly $1500 per month on these investment properties.The only problem is the current construction mortgage on these properties has ballooned,and the owners can't qualify for permanent financing due to tougher lending guidelines.Your Home Solution has properties valued at over $150,000,fully rehabbed,rented through FEMA,with professional property management,AVAILIBLE for between 80-120K.This area has such a housing shortage,experiencing 100 percent loss in the storm.Additionally,there are GO ZONE tax benefits to those who qualify(seek professional tax advice for your specific needs),taking advantage of a 50 percent depreciation year one.
No comments:
Post a Comment