Tag Archives: Authorized

I Quick Sale, Inc. Cautions Consumers to Function Only with Authorized Loan Modification Specialists

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Woodland Hills, CA (PRWEB) January 10, 2009

I Brief Sale, Inc. is cautioning all shoppers, contemplating a loan modification, to make sure and consider working with loan modification specialists that are authorized by the Dept. of True Estate in the State of California (DRE) to execute loan modifications and other loss mitigation services. The DRE certification is a customer’s insurance that companies like I Brief Sale, Inc. meet the requirements stipulated by the Advance Charge Agreement.

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Eli Tene, CEO of I Brief Sale, with 19 years of substantial expertise in the loss mitigation field, states that “most loan modification businesses who supply borrowers with loan modification services in California are either not licensed by the DRE or licensed but do not have an authorized Advance Fee Agreement. Complying with all required California Actual Estate Laws and the California Foreclosure Consultant Act will permit I Quick Sale to expand its services to our customers. There is no doubt that at these hard times our help is necessary the most.”

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I Brief Sale, Inc. (http://www.ishortsale.com) is a leading nationwide brief sale, Modification and loss mitigation advisory firm. Since 1991, it has assisted via its principals thousands of property owners to stay away from foreclosure. I Short Sale, Inc. has created a far-reaching network of home owners, mortgage businesses, banks and Realtors.

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Nonprofit Credit Counseling Agency Named Authorized Adopter of National Industry Standards for Homeownership Education Counseling

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Lighthouse Point, FL (PRWEB) January 25, 2012

Debt Management Credit Counseling Corp, a nonprofit charitable organization (DMCC), announced nowadays that it has been approved as an adopter of the National Market Standards for Homeownership Education and Counseling (NISHEC). As the economic downturn persists, a lot of homeowners are dealing with lowered incomes and declining house values. They struggle to steer clear of foreclosure, but navigating the system can be very difficult. Housing counseling agencies can aid, but its difficult for customers to know which organizations they can trust. The NISHEC can assist make that choice less difficult. NISHEC recognizes DMCC as an authorized adopter of these standards and holds DMCC to a high normal of excellence, ensuring that customers are provided the most consistent and crucial info, advice and guidance.

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Foreclosure intervention counselors have to have precise, up-to-date knowledge of the mortgage landscape, stated Jeremy Montanti, Quality Manager at DMCC. We have hugely educated nonprofit counselors who perform one particular-on-one particular with homeowners in the community to aid communicate with their lenders and decide the suitable answer.

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The National Market Standards had been created by the Advisory Council for the National Sector Requirements for Homeownership Education and Counseling. The Advisory Council is comprised of major housing market representatives such as HUD, working collectively to offer a way for counseling organizations to demonstrate accountability and commitment an method identified as Homeownership Completed Right. According to a 2010 study by the Urban Institute, the odds of curing a foreclosure, and potentially avoiding losing a home, are 1.7 occasions higher for a homeowner who performs with a counselor who adheres to the National Industry Requirements than for a homeowner who doesnt receive such counseling.

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DMCC provides foreclosure intervention for customers suffering from monetary hardship and possessing a challenging time repaying their property mortgage. This program has been developed to recognize obtainable solutions for customers to steer clear of foreclosure which meet their individual objectives, and help buyers with getting a loan modification if it is a advised resolution. Consumers who have already received a notice with Date of Sale are advised to seek legal counsel for assistance. DMCC also provides debt management plans to customers needing help with the repayment of their credit card debt.

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To understand more about the National Business Requirements for Homeownership Education and Counseling, visit http://www.homeownershipstandards.com.

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About Debt Management Credit Counseling Corp.

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DMCC is a nonprofit 501(c)(three) public charity committed to educating customers on financial concerns and providing private assistance to consumers overextended with debt. Education is provided free of charge to consumers via seminars, workshops, a proprietary financial literacy system, and a vast array of on the web and printed components. Cost-free individual counseling is provided to shoppers to identify the best possibilities for the repayment of their debt. Shoppers interested in speaking with a DMCC certified credit counselor could get in touch with (866) 618-3328 or request assist at dmcconline.org. DMCC is a HUD Authorized Housing Counseling Agency, is approved by the U.S. Trustee to provide bankruptcy counseling and education, and has an A+ rating with the Much better Organization Bureau.

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Discover Far more Loan Modification Services Press Releases

Needs to Qualify and Get Approved for Principle Reduction Loan Modification DOJ Settlement. Brief Sales Could be a Great Viable Choice if Borrower is Not Authorized, According to ACL Genuine Estate

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Oakland, California (PRWEB) October 15, 2012

Specifications have finally been created obtainable to the public on terms amongst the US Justice Division and Bank of America, Chase, Wells Fargo, Ally Financial (formally Gma) and so on. Its crucial to check directly with your States Attorney Generals Office to figure out what, if any, special specifications/ were integrated.

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If one is unable to qualify for the principal reduction loan modification. A Brief Sale Might Be a Excellent Viable Option If Borrower Is Not Approved. East Bay (Oakland, Berkeley, San Leandro, Castro Valley, Hayward) urged to Speak to a Neighborhood Actual Estate Agent for a specialist opinion on listing your house for a brief sale. &#13

ACL Genuine Estate and Home Management Specializes in all factors pertaining to Distressed Actual Estate and Property Management.

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Valuable Hyperlinks:&#13

Net Present Value Calculator: http://www.CheckMyNpv.com

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Potentially Eligible Borrower. A Potentially Eligible Borrower is a borrower who meets the following criteria:

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i. The borrower presently holds the mortgage and was the owner occupant of the residential home securing the mortgage at the time of origination.

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ii. The borrower has not previously defaulted on a modification that afforded terms equal to or a lot more favorable than these in the HAMP guidelines.

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iii. The loan-to-worth ratio (LTV) of the home securing the borrowers mortgage exceeds 100% at the present marketplace value of the home.

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iv. The borrower is a single whom “BOA” are not prohibited or prevented by law or by contract either from soliciting or from providing principal modification.

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g. Necessary Documentation. Necessary Documentation shall consist of the following documents:

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i. Credit Report.&#13

ii. Salaried/Hourly Wages Most current pay stub.&#13

iii. Self-Employed Verbal financial information followed by completed P&ampL template certified by client.

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iv. Alimony and Youngster Assistance Copy of legal agreement specifying quantity to be received (client shall certify twelve-month continuance if not included in legal agreement) and most recent bank statement, deposit slip or canceled verify as evidence.

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v. Other Taxable and Non-Taxable Rewards (Social Safety /Disability / Pension / Public Assistance) Award Letter OR most current bank statement and, if non-taxable, also want 4506-T.

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vi. Rental Income Signed letter from customer detailing specifics of rental income and most recent bank statement, deposit slip or

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A Settlement Loan Modification is a modification made according to the following priority:

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i. All delinquent interest payments and late charges will be capitalized.

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ii. Principal will be forgiven in the quantity necessary to obtain a DTI of 25%, subject to the provision that the LTV require not be decreased below 100%.

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iii. If, following the principal reduction step, DTI is above 31%, the interest rate will be lowered to the extent necessary to achieve a DTI of 31%, but in no event will the interest price be lowered below two% (starting at year 5, any lowered interest rate will be adjusted upward, so as to boost the net present value (NPV) of modifications). HAMP step price requirements will be utilized, as summarized beneath:

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1. Modified price no lower than 2% is in impact for 5 years.

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two. At the end of 5 years, the rate steps up at (up to) 1% per year, till the PMMS rate in effect at the time of the modification is reached (rounded to the nearest eighth).

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For comprehensive settlement Click Here

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LoanSafeMods.com: REST Report Empowers Property owners To Get Authorized For The Loan Modifications They Deserve

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San Diego, CA (PRWEB) April 01, 2013

The LoanSafeMods.com site delivers many advantages to homeowners who are attempting to figure out what their alternatives are when it comes to foreclosure alternatives. As a licensee of the REST Report, LoanSafeMods can provide all the data and assistance that struggling homeowners require to discover solutions to their mortgage difficulties.

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The REST Report (Real Estate Services and Technology Report) is a third party analytics tool that not only shows homeowners what sorts of mortgage modification programs they might qualify for, but a REST analysis which shows a qualifying outcome can even serve to speed up the application approach for a loan modification with lenders.

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Thousands of homeowners have currently taken advantage of this extremely useful tool and have utilized it to aid them to procedure their requests and get them authorized. The explanation that the report is so powerful is since it makes use of constantly updated data from all possible loan exercise programs at present accessible and runs it against the details submitted by the house owner.

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By comparing the info from the mortgage with all the feasible solutions, the REST shows the homeowner exactly what they qualify for so that they can make a decision what the best alternative for them is. However, the most compelling cause to make use of the REST is the weight that it lends to modification applications that are submitted along with the evaluation.

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As many home owners have currently skilled, even although lenders are required to grant modifications to those with qualifying mortgage circumstances by law, it can still be really stressful to go through the often tedious and drawn out process and not knowing regardless of whether or not the request will be approved.

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With the REST Report, not only will the homeowner know what they qualify for inside a matter of days, but the benefits of the Report also show the lender how the numbers make sense and add up so that there will be no delay in the approval of the mortgage modification request.

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A not too long ago released REST assessment video on LoanSafeMods.com clearly shows how the REST Report can empower property owners to get approved for the loan modifications they deserve. The new evaluation is by a California homeowner named Linda, a single mother who lives in Oceanside with her young daughter.

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Linda attempted her ideal to get her mortgage modified for practically two years. She couldnt realize why her bank would not grant her the modification, as she was certain she should have qualified for it. But as an alternative she was stuck in limbo, with her request by no means being approved or outright turned down. Linda says in her video overview:

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“It was so perplexing to me simply because I had sufficient revenue, I had all the criteria and they kept telling me ‘You have to resubmit, it is been three months. You have to send in a new application.’ I feel I applied at least 3, maybe four, occasions!”

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Finally Linda identified the REST Report. She says, When I initial heard about the REST I wasn’t certain what it was going to be but I knew I needed to comprehend the numbers far better due to the fact no a single at the bank was explaining it to me. So I had a REST Report carried out and I looked at it and it was the 1st time that the method made any sense to me. It was very valuable!

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Right after resubmitting her application along with the REST it was just a matter of weeks before the modificaiton, which decreased Lindas monthly payments from $ 3,000 to $ 2,100, was authorized. Now Linda can raise her daughter where she desires and isnt worried that they will lose their house anymore.

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Lindas story is not exclusive. Thousand of others have benefited from the REST. For far more info and evaluations, please go to LoanSafeMods.com.

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