Fort Lauderdale, FL (PRWEB) November 23, 2008
U.S. house foreclosures have now hit records levels never observed prior to as the housing crisis’ choke hold on America continues.

In September of 2008, 265,968 far more troubled home owners received foreclosure filings such as default, auction, or bank repossession notices. In the third quarter of 2008 alone, 765,558 foreclosure filings have been created on U.S. properties, up 3% from the second quarter and 71% from the exact same period last year.
Stephanie Pimental, Vice-President and Executive Director of Alpha 2000 Community Improvement, Inc, a 9 year old 501(c)three Non-Profit group specializing in helping families stay in and keep their properties says, “Men and women are turning to our non-profit organization following the frustration of getting nowhere with their mortgage businesses”.

“Due to the rapid and overwhelming enhance in delinquencies, mortgage companies’ capability to hire and train staff to deal with them, is not keeping pace”, said Narayan Dindiyal, President of Alpha 2000 considering that its inception.

“Obviously, if you never have the training and the sources to aid clientele whom, more occasions than not, are hunting for aid and are prepared to function with their lenders, you are going to have poor consumer tracking, ridiculously extended wait times on the telephone, and inconsistent service.

“We are not new to this”, says Kevin Hagen of Hagen & Hagen, P.A., an attorney affiliated with each Alpha 2000 and (NACRA) The National Association for Credit Responsibility and Advocacy, “In reality, in almost 50 years of the firms practice, we have been representing consumers with Real Estate and customer- related circumstances to now assisting largely with loss mitigation, foreclosures, and bankruptcies.”

“Loss Mitigation is the act of lessening the mortgage holder’s risk of foreclosure. We can propose several diverse plans and strategies to the bank or lender to place the loan back in great standing”, stated Hagen. Pimental also stated that banks and lenders stand to lose a lot of thousands of dollars so it is significantly far more equitable if a “meeting of the minds” can occur in order to come to an agreement on repayment in which both the homeowner and lender win.

Here’s how the system works no matter if you are 30, 60, 90, or 120 days late, or even already in foreclosure, homeowners will be assigned a loss mitigation specialist who will take them via a free consultation with a genuine estate specialist.

By means of a thorough investigation and fact obtaining session, the consultant will be capable to decide the very best course of action for the homeowner. This details will be passed along to the rest of the mortgage mitigation group to help in the process of attaining the homeowner’s objective.

Next, a file examiner is assigned to evaluation the true estate transaction, loan documents and contracts in order to establish if there had been flaws, inaccuracies, and/or outright errors created by the lender or broker. Subsequent, a forbearance and modification processor will use the data gathered to leverage it to the homeowner’s advantage and then renegotiate or modify the terms of their existing bank loan so the homeowner can hold their house under monetary terms and conditions they can live with right now.

“Simply put, our objective is to maintain as a lot of consumers in their homes and communities as achievable or to get them out with as tiny damage to their credit and economic scenario by using our access of nationwide pros and attorneys”, stated Dindiyal.

These adverse economic situations have led Luis O. Rodriguez, Founder of the National Association for Credit Responsibility and Advocacy (NACRA), to offer you NACRA memberships as element of the membership into Alpha 2000. As element of NACRA’s “Credit and Financial – Direction and Protection” strategy, Alpha 2000 members will have access to Credit Audit and Verification, Economic Helpline, Totally free Monetary income management provided by Mint.com, and several more positive aspects and services.

Rodriguez of NACRA said, “Apart from the present foreclosure predicament gripping not just the state of Florida, but the country as a entire Bankruptcies are skyrocketing as effectively”. The U.S. Bankruptcy Court for the Southern District in Florida reported that there had been virtually 2000 filings for October 2008, up 61% from the identical time last year, not to mention they had been up 30% nationwide during the 1st six months of 2008 according to the American Bankruptcy Institute.

Also, because Alpha 2000 is a 501 (c)three Non-Profit Corporation, a portion of their proceeds are donated appropriate back into whichever neighborhood they are helping, funding a variety of local non-profit organizations, thus assisting other families in require. In the end, this process will save the homeowner tens of thousands of dollars and much more importantly, save their most treasured asset: their home.

FOR Additional Data
Stephanie Pimental

ALPHA 2000 Community Improvement, INC
Phone: 954-962-1409

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