The Adjustable Rate Mortgage was a Great Deal Three Years Ago—Unanticipated Job Loss in Michigan Prevents Livingston County Homeowners From Refinancing Before the Rate Resets
Sub-prime mortgages and 100% financing has created a mortgage meltdown; with values declining and ARMs resetting, the home has no equity and the distressed homeowner has no choice but to walk away
(EMAILWIRE.COM, May 17, 2008 ) Brighton, MI—During the last several years many homeowners refinanced their homes and took advantage of the favorable interest rates offered with adjustable rate mortgages. The plan was to refinance by the time the rate reset and the payment became unmanageable. They did not anticipate the economy taking a dive and the job losses of many employed in the auto industry. Without employment one cannot refinance their home.
Many people are losing their home to foreclosure. Drive around and notice how many vacant and boarded homes are in the area. The huge surplus of available homes for sale has caused their values to drop, resulting in homes having less equity than they did when they were purchased. The unemployment rates have only made things much worse. People cannot manage their mortgage payments and they cannot sell their home for what they owe, let alone make a profit.
When lenders offered the ARM, it sounded like a great deal at the time. Now it looks as though they’ve “shot themselves in the foot!” Homeowners are finding they have no choice but to walk away and deed back their property in lieu of foreclosure.
There is nothing wrong with walking away from a home when there is no other option. U-Move-On is a company that offers guidance and support to distressed homeowners who cannot afford to keep or sell their home. They don’t want to buy the home and they don’t have a confusing contract to sign. The program is simple—it begins with a free ebook which can be downloaded at http://www.umoveon.com There is no further obligation to purchase anything, no forced continuity, and people are not forced into a monthly membership fee. U-Move-On understands that there has been enough grief and suffering; they want to help.
U-Move-On is a company located in Plymouth, Michigan. Their mission is to help people who have exhausted all of their other options, leaving them no choice but to cut their losses by walking away. They provide the information, resources, support, and encouragement to guide distressed homeowners so that they will be able to have more time, save more money, repair their credit, find a new home, and give them a fresh start with new hope.
Contact:
David Smith, Founder
400 Ann Arbor Rd #185
Plymouth, MI 48170
734-756-6050
Email: umoinfo@umoveon.com
Website: http://www.umoveon.com
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Many people are losing their home to foreclosure. Drive around and notice how many vacant and boarded homes are in the area. The huge surplus of available homes for sale has caused their values to drop, resulting in homes having less equity than they did when they were purchased. The unemployment rates have only made things much worse. People cannot manage their mortgage payments and they cannot sell their home for what they owe, let alone make a profit.
When lenders offered the ARM, it sounded like a great deal at the time. Now it looks as though they’ve “shot themselves in the foot!” Homeowners are finding they have no choice but to walk away and deed back their property in lieu of foreclosure.
There is nothing wrong with walking away from a home when there is no other option. U-Move-On is a company that offers guidance and support to distressed homeowners who cannot afford to keep or sell their home. They don’t want to buy the home and they don’t have a confusing contract to sign. The program is simple—it begins with a free ebook which can be downloaded at http://www.umoveon.com There is no further obligation to purchase anything, no forced continuity, and people are not forced into a monthly membership fee. U-Move-On understands that there has been enough grief and suffering; they want to help.
U-Move-On is a company located in Plymouth, Michigan. Their mission is to help people who have exhausted all of their other options, leaving them no choice but to cut their losses by walking away. They provide the information, resources, support, and encouragement to guide distressed homeowners so that they will be able to have more time, save more money, repair their credit, find a new home, and give them a fresh start with new hope.
Contact:
David Smith, Founder
400 Ann Arbor Rd #185
Plymouth, MI 48170
734-756-6050
Email: umoinfo@umoveon.com
Website: http://www.umoveon.com
###
This press release was issued through GroupWeb EmailWire.Com. For more information on unlimited press release distribution service, go to http://www.emailwire.com
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