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  • Lifetime Windows & Siding Set to Participate in Key Ceremony for Sergeant Benson

    Posted on October 30th, 2011 admin No comments


    Lifetime Windows & Siding Set to Participate in Key Ceremony for Sergeant Benson

    Denver, CO (PRWEB) October 21, 2011

    Army veteran Sergeant Latseen Benson, who lost both his legs in Iraq, will receive the key to his new home during a ceremony hosted by the non-profit organization Homes for our Troops at 11am on October 22 at 498 Heritage Trail in Elizabeth, Colo.

    Homes for our Troops and Lifetime Windows and Siding — a Denver provider of windows, replacement windows and siding — will provide the combat veteran with a specially-adapted home so he can live independently with his wife and son.

    In 2005, Benson was injured in an explosion during his second deployment to Iraq. While on patrol with his unit, he was inspecting a vehicle when a bomb buried in a grain sack exploded. Benson was airlifted to Germany, where he underwent his first surgery, spending the next nine months at Walter Reed Army Medical Center, before being transferred to an out-patient treatment facility in Texas.

    Now at home in Colorado, Benson remains very active by participating in adaptive sports like skiing, SCUBA, hand cycling and tennis. Thanks to Homes for our Troops and Lifetime Windows and Siding, he and his family will have a home where he can lead an independent lifestyle. Beginning on July 17, with only a foundation, a building brigade of volunteers and local businesses provided the necessary labor to complete the new home for the Benson family. Employees of the Denver area window provider and installer, Lifetime Windows and Siding, contributed their time to install triple-pane windows donated by the company. With the new windows weatherproofing the home, interior construction could begin.

    Company owners Peter Svedin and Jason Lewis explained that Lifetime Windows has grown quickly as one of the most reputable contractors in the Denver metro area for windows, replacement windows, siding and paint. “So we decided to look for an organization or charity to join to help people in need,” the owners said. They added, “Mr. Benson deserves our best product and effort. We are very thankful for his commitment to serve our country. Sometimes we take for granted our freedom and wonderful life here, with all the mountains, music venues, restaurants and wildlife that Colorado offers. It is thanks to the men and women in uniform that we can live in peace in the US.”

    Benson is one of many injured veterans to receive a mortgage-free home from Homes for our Troops. The organization has many home projects underway across the country, working with local companies to complete homes that are not only adapted to the needs of injured veterans but which are also energy efficient. Using Lifetime Energy Star windows allows the Homes for Troops to obtain a certification by LEEDS, an agency that provides verification that a home was constructed according to green standards. By using materials such as fly-ash concrete, triple-pane windows and recycled metals, LEEDS buildings conserve energy, reduce carbon dioxide emissions and provide good for stewardship for our natural resources.

    Lifetime Windows and Siding offers the highest quality, energy efficient windows, replacement windows, siding and doors from top manufacturers. The company’s factory-trained craftsmen have over 15 years of combined experience installing custom manufactured products.

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  • Is it better to get a loan modification first before filing for bankruptcy?

    Posted on October 25th, 2011 admin No comments


    Question by wise investment: Is it better to get a loan modification first before filing for bankruptcy?


    Best answer:

    Answer by David M
    If you seek a loan modification in anticipation of filing for bankruptcy that might be considered fraud. I’d consult with an attorney.



    What do you think? Answer below!

  • Federal Loan Modification Plan Offers Relief For Homeowners – Who Qualifies?

    Posted on October 23rd, 2011 admin No comments


    Federal Loan Modification Plan Offers Relief For Homeowners – Who Qualifies?

    Government loan modification that has certifying counseling agencies as well as local community service agencies grant they have been flooded by demand for loan modification. The demand has opened the for loan modification services now provides with lenders, real estate agents, attorneys, mortgage brokers, government agencies, and other professionals. The demand stems from a proliferation of federal, state and local foreclosure relief and help efforts from both government as well as the lending industry. Loan modification has been around for years; however those current efforts have raised the profile of the mortgage workouts as an option to foreclosures, auctions, and short sales along with bankruptcy.

    Nevertheless, homeowners looking out for federal loan modification are at the mercy of lenders as the workouts are unpaid and often without rigid standards. The individual countrywide loan modification programs, fixed in the tilt, homeowners are facing it tough to understanding as a loan modification would work and how to get best one.  

    Loan modification

    A home loan modification, granted only upon the present lender’s approval, endearingly revise some of the terms of a present mortgage so as to make the loan more affordable to the homeowner.  The plan is normally intended for homeowners stressed to pay their mortgage, not for those who could pay their mortgage or are qualified for a refinanced loan.

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    A loan modification is normally lender fee-free and includes the lender or loan holder lowering the rate of interest and or changing an adjustable-rate mortgage (ARM) to a fixed rate mortgage (FRM) with a 30-year term. Some form of mandated home ownership counseling generally comes with the deal. Countrywide loan modification is an example of this. Less common loan modification includes adding missed payments to the loan balance and extending the term of the loan. Least common is getting the lender to lessen the principal or pay out any second mortgages. A mortgage loan modification isn’t a refinanced mortgage a brand new loan written to repay off the old home loan.

    A loan modification may not be feasible if:

    •    The modified loan comes with payments that you can’t afford.

    •    Your existing interest rate is already low and there’s no room for the lender to lower it more.

    •    You could make the new payments, however the mortgage balance is greater compare to the value of your home and you don’t plan on staying put long sufficient to reverse the loan-to-value inequity.

    •    You have not previously missed payments on your mortgage or can’t show financial hardship due, say, to joblessness, pay low, illness or interest rate increase.

    •    You have added properties, investments or assets which could be settle to cover your mortgage debt.

    •    A short sale. The lender excuse a part of the debt owed if you could find a buyer, bankruptcy, auction sale, refinance or added approach, short of a foreclosure, is a better alternative.

    A financial, housing or credit counselor could assist you to decide your best alternative. Also check your free credit report. Just be prepared to hold down the fort for the 60 to 90 days or more it could take to complete the loan modification, because of potential complications and document processing times.