Sunday, December 20, 2009

Scott Tucker of NewCastle Home Loans Announces Senior Citizen Foreclosure Remedy

Kendall County IL Sheriff to arrangement home of Montgomery IL man, 74 and disabled. Kendall County case no. 08CH782, acumen no. 271,193.76. Local absolute acreage investors apprehend the $260,000 home to arrangement for just $78,000, or 30 cents on the dollar; a $182,000 accident for federally-subsidized bank. But Scott Tucker, a about-face mortgage artist at NewCastle Home Loans says "the case turned-down my action to pay-them-off 'only' $100,000 'short,' with an FHA-insured, payment-free about-face mortgage, that would leave Mr. Bormann in his home, for the blow of his life, with no account mortgage payments to make. He could even leave the abode to his kids." the case turned-down my action to pay-them-off 'only' $100,000 'short,' with an FHA-insured, payment-free about-face mortgage, that would leave Mr. Bormann in his home, for the blow of his life, with no account mortgage payments to make. He could even leave the abode to his kids. The case turned-down my action to pay-them-off 'only' $100,000 'short,' with an FHA-insured, payment-free about-face mortgage, that would leave Mr. Bormann in his home, for the blow of his life, with no account mortgage payments to make. He could even leave the abode to his kids. They accept taken aborigine bailout money, and now they seek to bang Leo out, at age 74. And they'll lose $182,000 at auction, but they could do the appropriate thing, and lose 'only' $100,000 on a abbreviate refi' into a about-face mortgage. My way, they're $82,000 bigger off. Leo's Social Security and alimony are added than abundant to awning his acreage taxes, homeowner's insurance, groceries, and utilities. It's his $1,939 mortgage transaction that's the problem

Montgomery, IL -- Leo Bormann, age 74, is a retired bricklayer who has afresh had two affection attacks and a stroke. He can no best work, in any capacity, and has been clumsy to accomplish his mortgage payments to a federally-subsidized case for months now. But Scott Tucker, at Chicago-based NewCastle Home Loans, LLC, has a band-aid for all parties involved: a payment-free about-face mortgage.

Leo Bormann's Social Security and bricklayers alimony absolute $1,974 per month, but the case wants $1,939 per ages of that money just to awning the arch and absorption on his mortgage. That would alone leave him with $35 per month, but wouldn't awning his acreage taxes & homeowner's insurance, let abandoned advantage and utilities.

The case has now confused to arrangement his home, beneath Kendall County case no. 08CH782, acumen no. 271,193.76. And on Monday, June 8th, the Kendall County Sheriff's Office will do just that. Local absolute acreage investors apprehend the $260,000 home to arrangement for just $78,000, or 30 cents on the dollar; a $182,000 accident for the federally-subsidized bank.

But Scott Tucker, a about-face mortgage originator, at NewCastle Home Loans in Chicago says "The case turned-down my action to pay-them-off 'only' $100,000 'short,' with an FHA-insured, payment-free about-face mortgage, that would leave Mr. Bormann in his home, for the blow of his life, with no account mortgage payments to make. He could even leave the abode to his kids."

Tucker continued, "They accept taken aborigine bailout money, and now they seek to bang Leo out, at age 74. And they'll lose $182,000 at auction, but they could do the appropriate thing, and lose 'only' $100,000 on a abbreviate refi' into a about-face mortgage. My way, they're $82,000 bigger off."

"Leo's Social Security and alimony are added than abundant to awning his acreage taxes, homeowner's insurance, groceries, and utilities. It's his $1,939 mortgage transaction that's the problem," Tucker says.

OTHER CONTACTS FOR THIS STORY:
Leo Bormann, disabled chief aborigine home owner, Montgomery, IL: 630-896-7379

ABOUT SCOTT TUCKER - Scott Tucker is the Author of Reverse Mortgages…from Z to A (Advantage Media, July 2009, $14.99), a Member of the National Council on Aging, the National Reverse Mortgage Lenders Association, and Life Member of the VFW and American Legion. Tucker is an breath assignment Veteran of the U.S. Navy. Tucker is a about-face mortgage artist for NewCastle Home Loans, LLC, a Chicago company. He may be accomplished at 773-327-3094.

CONTACT:
Scott Tucker
NewCastle Home Loans, LLC
Voice: 773-327-3094
Fax: 773-327-2842

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