HOPE FOR CALIFORNIANS

If you live in California, you are in the epicenter of the mortgage meltdown. The crisis started in California and has dramatically harmed many California homeowners and families, many of whom have been turned out of their homes by foreclosure.

It is estimated that anywhere between one third and 40% of all of the toxic mortgage loans made in America were actually made in California.

Many have witnessed mortgage payments lift upwards on the ARM (adjustable rate mortgage) rocket.

Mortgages that were barely payable before “adjustment” became impossible after adjusting upwards.

Although the ARM has been particularly devastating, many mortgage loans made in the last 5 years were based on unrealistic appraisals, low down payments, and under less than careful underwriting standards.

Common to almost all of these loans is the fact that the home has declined in value. In some cities, such as Stockton, whole neighborhoods have been harmed by a wave of foreclosures, as banks try and take back properties rather than work with distressed homeowners.

Stop Foreclosure in California. Apply for the Hope Loan. Authorized by Congress to become effective October 1, 2008, this program may be the solution to your problem. Use our Qualify Now tool to see if you may fit the requirements of this new lifeline to distressed homeowners in California. It costs you nothing, and it may start you on the road to saving your home.