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1 Year Anniversary Celebration of Going from Almost Losing Almost everything to Recovering from the Mortgage Meltdown and Turning Every little thing About by Author Gini Graham Scott

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San Francisco, California (PRWEB) April 15, 2013

Internationally-identified author Gini Graham Scott nearly became a victim of the mortgage meltdown in 2012, when she was forced to move from her residence in Oakland, due to the fact the Bank of America, Wells Fargo, and Citibank lowered her credit line by $ 40,000, despite the fact that she had paid off her card fees frequently. The banks reason was that her loan to worth was also higher, considering that she had to borrow due to the organization slow-down.

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Right after attempting to unsuccessfully acquire a mortgage modification and experiencing the early stages of foreclosure following defaulting on her mortgage for 3 months, Scott was down to her last $ 500 in the bank with practically maxed out credit cards. But just as almost everything looked hopeless, she sold her property and created sufficient to locate a rental flat in San Francisco by paying six months in advance, because her credit was so negative that no 1 would want to rent to her.

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Then, in a new spot, over the subsequent year, she was able to turn every thing about, which she will be celebrating as an exhibitor at the San Francisco Chamber of Commerces 2013 Company Showcase, its largest networking occasion, on Might 6th.

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Among other things, the year brought the following events, most of them not attainable if she hadnt been forced to move an instance of turning a great large lemon into lots of lemonade.&#13

Parsa Law Group Educates California Property owners about Alternatives as Foreclosures are Expected to Continue All through 2009

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Orange County, Calif. (PRWEB) April 28, 2009

Six California cities are integrated in the top ten markets in the nation with the highest foreclosures prices during the very first quarter of 2009, according to a current report from RealtyTrac, an on the web foreclosure listing firm. Coupled with the growing statewide unemployment rate, now at 11 percent, and according to MDA DataQuick, an 80 % boost in default notices issued to California home owners in the course of the very first 3 months of 2009, compared to the previous period, foreclosure activity is expected to continue all through 2009.

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“Most people going by way of a foreclosure do not know or recognize their possibilities and as a result miss the chance to save their house through loan modification or bankruptcy,” said James Parsa, founding attorney at Parsa Law Group. “If either of these possibilities are viable, it can maintain a family in their property and aid to keep property values in the neighborhood,” stated Parsa.

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California cites listed in RealtyTrac’s top ten markets with the highest foreclosure prices nationwide contain: Merced (two), Stockton (four), Riverside/San Bernardino/Ontario (5), Modesto (six), Bakersfield (7) and Vallejo/Fairfield (eight). Extra California cities listed consist of: Sacramento/Arden/Arcade/Roseville (11), Salinas (15), Fresno (16), Visalia/Porterville (17), San Diego/Carlsbad/San Marcos (18), Oxnard/Thousand Oaks/Ventura (19) and Los Angeles/Long Beach/Santa Ana (20).

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Parsa Law Group, a law firm focused on providing customer debt relief through loan modification, bankruptcy and debt resolution, has effectively negotiated four,000 loan modifications throughout California and Nevada. The firm, which promotes client education and advocacy, emphasizes the importance of hiring a qualified skilled for these services rather than attempting the do-it-your self technique.

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“As knowledgeable attorneys, we’ve helped thousands of households navigate through the maze,” said Parsa. “We function toward solutions that match every single family’s circumstance and ease the pressure they feel when facing foreclosure, bankruptcy or overwhelmed with debt.”

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About Parsa Law Group&#13

Parsa Law Group is a full-service law firm delivering certified and inexpensive legal representation for these in want of loan modification, bankruptcy and debt resolution solutions. Given that 2008, Parsa Law Group has effectively negotiated loan modifications for four,000 families and holds an A rating with the Much better Enterprise Bureau. For far more data, visit http://www.parsalaw.com, or call 1-800-256-1097.

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Speak to:&#13

Holly Naylor / Jessica Neuman&#13

Concept HALL&#13

(714) 263-8734 / (714) 263-8731

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LoanSafeMods Aids Spread The Word About The REST Report With Newly Released Overview Videos

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San Diego, CA (PRWEB) April 11, 2013

LoanSafeMods.com has released a quantity of testimonial videos about the REST Report. These videos, all featuring people who had been in a position to save their residences thanks to the REST, are becoming made available so that currently struggling home owners can realize how a lot the REST Evaluation can advantage them in their scenarios.

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The REST (Actual Estate Solutions and Technologies) Report is a third party evaluation tool that shows home owners specifically what mortgage modification programs or other foreclosure options they have accessible to them. It runs the details of the home owners loan against data collected from all obtainable government and non-government loan function out applications and shows the homeowner precisely what they qualify for and it also shows the loan servicer specifically how and why the mortgage qualifies for these programs.

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This can be extremely beneficial especially when dealing with delayed or stalled mortgage modification requests. Since the evaluation organizes all the data in the order that the bank needs to read it in order to make a decision to approve or deny the request, it can speed up the procedure if the dilemma is a technical issue.

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Also, if the loan servicer is purposefully delaying the approval, as is the case at times since the servicer can stand to acquire as significantly as five instances a lot more by foreclosing the home and it is the lender who would truly profit, the report can show fairly clearly that they will not be able to treat the homeowner unfairly given that the REST Report is such strong proof that it can even be utilized in a court of law.

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The video evaluations on LoanSafeMods.com are all from individuals who had difficulty with the mortgage modification method. These individuals had attempted for months or even numerous years to get their applications authorized, but had no success on their personal. Nevertheless, in every case, soon after finding the REST Report by way of LoanSafeMods and resubmitting their request with the evaluation attached it was only a matter of months ahead of the modification was ultimately approved.

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In almost every case, the property owners month-to-month payments were slashed nearly in half thanks to the new mortgage terms below their modifications. In one of the critiques, Ron, an EMT and single father of two from San Diego, tells of how his modification that was ultimately granted thanks to the support of the REST team also lowered his principle by more than $ 350,000.

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In each case the homeowners testify that they would not have been in a position to save their properties without having the aid of the REST Evaluation. And these stories are surely not special circumstances. Thousands of house owners have been helped by the REST and have been capable to avail of the mortgage modifications that they deserve. For those who are desperate for a resolution and who dont want to settle for a brief sale or handing their house keys more than to their bank, the REST is a extremely effective ally.

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For far more information on how the REST Report functions, and to view the video evaluations, click here.

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Lance Denha Comments About the Looming Deadline for Short Sales

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(PRWEB) October 09, 2012

As reported earlier this year by The Baltimore Sun on June 20th, unless Congress grants an extension, a law created in 2007 to help troubled homeowners expires at the end of this year. It allows them to avoid paying taxes on forgiven debt for their primary residences. As of this date, Congress has failed to take any action which could leave many sellers facing a daunting tax bill in 2013. If, for example, a lender wipes away a $ 100,000 debt in a short sale or finalizes a foreclosure on a delinquent homeowner, the typical borrower could owe more than $ 25,000 in taxes.

In recent years, most underwater homeowners who lost property to foreclosure or short sales were excused from having to pay taxes on this income, thanks to the Mortgage Debt Relief Act of 2007. The current law states that homeowners dont have to include forgiven debt as income provided:

1.