Tag Archives: Distressed

New Book Delivers Distressed Home owners Guidance for Avoiding Foreclosure Scams

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Washington, D.C. (PRWEB) September 17, 2008

The American Nightmare is a new book by veteran housing counselors Sylvia Alvarez and Walter Walker Jr. that offers distressed home owners ideas and approaches that can support them steer clear of, survive and overcome foreclosure. Published in partnership with the National Association of Hispanic Actual Estate Experts (NAHREP), cost-free downloadable excerpts of The American Nightmare are available in English and Spanish at http://www.NAHREP.org and contain pointers that will aid desperate property owners from becoming the target of short sale and foreclosure scams.

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A hyperlink is also offered to acquire the book for $ 14.95.

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Unsuspecting homeowners that are frantic for a rapid repair to steer clear of foreclosure are becoming the victims of foreclosure scams that promise to save them from the loss of their residences. Numerous are paying thousands to thieves disguised as properly which means professionals that offer to repay their mortgage in exchange for the transfer of their deeds. The authors have been inspired to create the book following getting deluged at the housing agency exactly where they work by individuals who have fallen prey to these mortgage scams and other people. In addition to sensible tips about how to stay away from foreclosure, negotiate loan modifications or short sales and far more, the book educates readers about the clever methods predators are bilking buyers.

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Free of charge downloadable excerpts of the book offer you homeowners data about:&#13

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Common predatory lending scams&#13
Short sale and “flip for profit” scams&#13
Equity skimming scams that leave homeowners with more debt and no house&#13
Phony counseling agencies&#13
How to file a complaint and report mortgage fraud&#13
Plus alternatives that homeowners can pursue if they are currently in mortgage default.

“As well several panicked homeowners that are looking for approaches to save their residences are falling prey to unscrupulous men and women and foreclosure scams,” mentioned Rebecca Gallardo-Serrano, Chairman of NAHREP. “Understanding is power. The American Nightmare gives property owners essential data about the varieties of scams out there and how they can safeguard themselves from predators.”

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The National Association of Hispanic Genuine Estate Specialists, a non-profit 501c6 trade association, is dedicated to rising the homeownership price amongst Latinos by educating and empowering the actual estate specialists that serve them. Based in Washington D.C., NAHREP is the premier trade organization for Hispanics and has a lot more than 15,500 members in 48 states and 62 affiliate chapters.

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Distressed Home Institute Responds to National Delinquency Survey

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Austin, TX (Vocus) June 11, 2009

With the Mortgage Bankers Associations (MBA) current release of its National Delinquency Survey, the Distressed House Institute sees continued difficulty for the residential genuine estate market.

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Regardless of the greatest efforts of bank and government initiatives, the reality is that an increasing quantity of homeowners are going into foreclosure, said Alex Charfen, co-founder and CEO of the Distressed Property Institute, a premier real estate education organization education genuine estate experts how to deal with distressed properties. Were seeing record increases reported in foreclosures and delinquencies across the country.

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The MBA survey reported that the combined percentage of loans in foreclosure and at least one particular payment previous due, meaning the percentage of mortgage holders not current on their mortgages, was 12.07 percent on a non-seasonally adjusted basis. In addition, the seasonally adjusted delinquency and foreclosure price for subprime loans was reported to be 39.29 percent.

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Distressed properties are no longer a niche within the market today they are the marketplace, Charfen mentioned. The figures published by the MBA show continuing challenges across all mortgage categories, not merely the subprime. These statistics, combined with a climbing unemployment rate, make a powerful argument for a continuing, growing trend in delinquencies and foreclosures.

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To stem the suffering and curb this foreclosure crisis, there simply must be far more true estate specialists educated in quick sales and the other options available to distressed property owners, and the Distressed House Institute is on the forefront of education actual estate pros to give home owners with solutions.

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Every single month we expect to train more than 800 brokers and agents, as effectively as attorneys, title representatives, accountants and other individuals, to aid the growing number of distressed homeowners steer clear of disaster.

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Graduates of the Institutes instruction get the Certified Distressed Home Expert

With ACORN Going Bust, 5 Million Distressed Homeowners Could Be Left Out In the Cold

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Denver, Colorado (PRWEB) October 2, 2009

More than five million Americans will be facing foreclosure in the next year. With ACORN in hot water and the bailout a miserable flop, what will these individuals do? The most current stream of scams is seemingly government-backed companies contacting unsuspecting home owners with the guarantee of a new loan or a modified loan for just two effortless payments of $ 1,495. The dilemma – most underwater property owners make the first payment and never hear an additional word.

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With unemployment at an all time higher, underwater homeowners are desperate to try whatever method they can to keep their residence. It’s the very same circumstance for underwater investors as well. Many Americans tried to buy investment properties at the top of the market place, but held on to the properties as well lengthy, and now discover themselves underwater as properly.

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National foreclosure professional, Dwan Bent-Twyford, says that most property owners and investors can assist themselves and do not even know it. In her new book – How to Sell a Home When it is Worth Significantly less Than the MortgageOptions for Underwater Homeowners and Investors, Twyford speaks of numerous alternatives that work in the current industry and price the underwater homeowner or investor practically nothing.

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According to foreclosure professional Twyford – any person underwater can get in touch with the bank and function out their own loan modification, forbearance agreement, and even a deed in lieu of foreclosure. In her new book, Twyford offers strong advice on how to survive the storm, every single choice that is obtainable to underwater homeowners and investors, and even a pep talk of how to rebuild a life soon after foreclosure.

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Twyford goes as far as to explain the emotional stages underwater property owners go via and how to get previous each and every stage so that they can move forward with their lives. Getting began as a struggling single mother, Twyford knows initial-hand what financial hardship feels like.

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Dwan Bent-Twyford has purchased and sold more than 1,000 distressed properties, has been featured on MSNBC, FOX &amp Close friends, Naomi Judd’s Excellent Morning, as nicely as several other radio and tv shows. She is regarded the nations’ number a single professional in the field of foreclosures. In reality, numerous refer to her as “The Queen of Foreclosures.”

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Twyford now focuses significantly of her time assisting people in difficulty get a fresh start off. In a globe full of unfavorable data, she is a properly-needed fresh face of hope and encouragement. The good news, according to Twyford, is that there is life soon after foreclosure and a good 1 at that! For added info on how to save your residence or investment properties get in touch with Dwan at: http://www.1234closures.com or verify out her member’s only web site at: http://theieu.com/member_site.

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Distressed Home Institute Partners with Austin Habitat for Humanity to Fight Foreclosure and Promote Stable Homeownership

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Austin, Texas (Vocus) December eight, 2009

In assistance of the Austin community and its aim to give real options to property owners nationwide, the Distressed Property Institute, LLC announced these days its partnership with Austin Habitat for Humanity and assistance of an Austin Habitat home build. The Institute trains genuine estate experts in the tools and solutions offered to homeowners facing foreclosure, such as quick sales, and confers the Certified Distressed Home Expert

AmeriClose National Connects Distressed Homeowners, Realtors and Investors with an Revolutionary, Helpful Remedy to Foreclosure

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Tampa, FL (PRWEB) January 15, 2008

The current instability in the housing marketplace and the slowing of the economy has resulted in a substantial quantity of homeowners facing foreclosure proceedings. The good news is that this process does not always require to outcome in the loss of house – it can be stopped.

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“Distressed homeowners do have possibilities,” explained Joshua C. Cahill, Founder and Vice President of Operations at AmeriClose National Settlement Options, LLC. AmeriClose, a Florida-primarily based company specializing in foreclosure options and closing services, makes these possibilities accessible by providing guidance, info and an online national network that connects realtors and investors with distressed home owners.

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“What property owners require to understand is that aid is obtainable and that foreclosure is not inevitable when the proceedings have started,” added Cahill. “At AmeriClose, none of what we do is ‘out of the box.’ We treat each client individually, completely analyze the situation and come up with practical, satisfactory foreclosure solutions.”

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These options contain quick sales, deeds-in-lieu of foreclosure, forbearance, and loan modification to name a couple of. AmeriClose’s on-line national network is a platform mostly for investors and realtors seeking to pursue investments through quick sales. It permits them to reach out to distressed home owners interested in pursuing this foreclosure option.

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“For numerous, a brief sale is an appropriate selection and most lenders are normally open to this answer as it saves them substantial time and funds compared to finishing the entire foreclosure procedure,” explained Cahill. “Brief sales are actually a win-win circumstance for all parties involved.”

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AmeriClose tends to make the brief sale approach as hassle-cost-free as attainable. For property owners thinking about a quick sale as a foreclosure option, the organization will take care of all the particulars from gathering financial details to supporting the case to coordinating with the realtor, investors, title insurance company and attorneys.

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In addition to delivering certified leads to registered realtors and investors based on geographic preference, AmeriClose National’s Loss Mitigation department also assists those realtors and investors throughout the short sale process on details which includes contracts, agreements and bank negotiations.

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Cahill founded the organization right after figuring out that present industry circumstances referred to as for new and innovative solutions for sellers and all others involved in prospective foreclosure scenarios. An skilled real estate and title insurance coverage professional, Cahill provides clientele complete solutions by means of an on-line national network that also contains http://www.FreeTitleQuote.com and http://www.HomeLendingQuote.com two consumer- and realtor/investor-oriented national networks that empower purchasers to examine and select their own title insurance coverage provider and property lender.

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About AmeriClose National Settlement Options, LLC:&#13

AmeriClose National supplies peace of mind to distressed home owners by providing them options to foreclosure which includes deeds in lieu of foreclosure, forbearance and quick sales. Its online national network of specialists and solutions connects realtors, property owners and investors across the country so they can work toward a foreclosure answer that thoroughly positive aspects all parties.

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For far more details, pay a visit to&#13

http://www.AmeriForeclosure.com

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Foreclosure.com and LoanResolve.com Forge Partnership to Connect Distressed Home owners With Eager Purchasers

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Boca Raton, Fla. (PRWEB) July 22, 2008

In an effort to stem the foreclosure tide, Foreclosure.com and LoanResolve.com have joined forces to assist connect distressed homeowners with possible purchasers, operating direct with their lenders to negotiate reduced obtain costs that will appeal to homebuyers and investors.

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It really is a process that is usually referred to as a “quick sale” even so, LoanResolve and Foreclosure.com will simplify and shorten what is typically a complex and lengthy approach.

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“In between each firms we have relationships with most if not all of the significant lenders right now,” said Brad Geisen. “We can operate with them and the homeowners to attain favorable options that support lessen foreclosure conditions, provide relief for distressed home owners and produce offers for future property owners.”

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According to Geisen, it really is an all around win-win situation for everybody involved simply because actually no a single normally wins in a house foreclosure.

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LoanResolve, which has designed a state-of-the-art foreclosure resolution and loan modification engine, helps distressed home owners avoid foreclosures by operating inside their lenders’ loan resolution, loan modification and brief sale processing services to swiftly implement solutions that make sure compliance with lender specifications

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In truth, LoanResolve gives borrowers an on-line tool that assists them proactively research techniques to resolve a delinquent or potentially delinquent loan with their lenders. As a final resort the organization provides an on the web tool to rapidly process home sale transactions.

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Based on information borrowers offer concerning their loans and their lenders offered resolution possibilities, LoanResolve assists the borrower and lender in coordinating rapid approvals toward resolutions.

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When this fast process is total, Foreclosure.com will then list those properties on its Web website and drive traffic to them — much more than five million interested buyers each month. In addition, Foreclosure.com will supply guests with the opportunity to make provides and speak to the listing brokers for far more details on the featured listings.

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“The flexibility and compliance expertise that LoanResolve delivers with its document solutions is the correct match for Foreclosure.com’s short sale house liquidation requirements,” mentioned Jim McArthur, President of LoanResolve. “We operate closely with each the lender and borrower in creating and executing options lenders can speedily implement.”

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For more information and to discover much more about how to either search these short sale listings or to have your residence listed amongst them please pay a visit to https://shortsale.loanresolve.com/Default.asp.

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About Foreclosure.com:&#13

With more than 1.eight million foreclosure, preforeclosure, bankruptcy, FSBO and tax lien listings in a single location, Foreclosure.com delivers America’s biggest and most correct searchable database of foreclosed residences and investment house info to its customers and business partners. Based in Boca Raton, Florida, Foreclosure.com performs with hundreds of leading lending institutions and government agencies to list diverse home types on its Net internet site, such as True Estate Owned (REO) Department of Housing and Urban Development (HUD) Division of Veterans Affairs (VA) Fannie Mae and other government agency and monetary institution properties as properly as listings from an comprehensive network of corporate sellers. On the Web: http://www.foreclosure.com.

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About LoanResolve.com:&#13

LoanResolve, which is headquartered in Saint Petersburg, Fla., is a major technology solutions provider to the monetary sector that maintains operations all through the United States and Canada. The organization offers items and services for home owners at risk of foreclosure, mortgage servicers and legal firms involved in default resolution. LoanResolve’ solutions contain Net based integrated workflow solutions and specialist services. Customers incorporate mortgage servicers, banks, credit unions, mortgage lenders, mortgage insurance coverage companies, genuine estate organizations, title organizations, and foreclosure attorney firms, of all sizes throughout the United States. The business is privately held, For much more details on LoanResolve Services pay a visit to http://www.LoanResolve.com.

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Media contact:&#13

Thomas Myers&#13

Foreclosure.com&#13

tmyers @ foreclosure.com

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The Phoenix Group Solidifies its Position in the Distressed Second Mortgage Industry with Strategic Loss Mitigation and Deficiency Collection Capabilities

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Duluth, GA (PRWEB) January 29, 2009

The markets and the media have been virtually silent about distressed second mortgages – till now. By way of the mixture of expertise and relationships, The Phoenix Group announces a holistic non-performing second mortgage answer. The Phoenix Group focuses on upfront product procurement such as pricing and data validation, asset management and recovery by way of revolutionary loss mitigation, settlement and collection efforts and subsequent asset sale or re-trade.

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The Phoenix Group of Affiliated Businesses, LLC is an asset management leader in the second mortgage arena. With deep roots in the credit card debt and genuine estate industries, The Phoenix Group considers the second mortgage marketplace the niche marketplace to be in appropriate now. “Pricing is at or close to the bottom appropriate now, with supply getting comparatively high. However, we believe that could adjust drastically in the next 12-24 months. The time is appropriate to potentially corner this market,” says CEO Fred Howard who has more than $ 4.5Bn in debt trades beneath his belt.

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“This is a entire new ballgame,” said Sarah Barry, COO of The Phoenix Group. “We have all the proper players and equipment in spot and are already tested. We are excited that our remedy creates a channel to get, service and sell delinquent second mortgage assets that need specialty loan loss mitigation and liquidation. With our firm’s getting encounter, we can keep value advantage and develop a conduit, or flow-primarily based access points, in order to manage a viable technique in the subordinate asset market place. Our operational companion facilities give both secured and unsecured specialty loss mitigation and collections all through the nation.”

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Numerous banks are beginning to work with property owners to modify mortgages. However, recent reports point to increased payments and re-defaulting loans since the modifications add interest and fees back to the principal. Shawn Barry, President of The Phoenix Group, points out, “We recognize the value of aggressive loan modification and settlement delivers to give the property owners the proper incentive to act and get themselves back on their feet. The Phoenix Group integrates its vast network of collectors and servicers to train them on exclusive workout plans in times when most loan modifications are not operating.”

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What about these second mortgages after a foreclosure has occurred? The Phoenix Group manages unsecured second mortgages that are frequently regarded deficiencies. “We work with borrowers who are no longer in the residence due to foreclosure. It is important to recognize that if a second mortgage is not wiped clean in a foreclosure, the second mortgage is nevertheless a valid, legal debt. It remains on record and might influence future purchases. We want to help in producing a payment history so that people have the chance to re-invent themselves and acquire one more home,” adds Shawn.

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The time is proper to exploit this niche industry of non-performing second mortgages. Till now, few, if any, have put all of the pieces together. The Phoenix Group is the holistic solution to tap into the distressed second mortgage marketplace prior to the chance goes away.

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For Info: http://www.PhoenixGAC.com or&#13

Get in touch with: Shawn Barry, President&#13

Email: ShawnB (at) PhoenixGAC (dot) com&#13

Direct Mobile: 804-334-8010

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Brief Sale Specialists in Los Angeles Housing Assist of America Continues to Support Stop Foreclosures for Owners of Distressed Properties

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Los Angeles, CA (PRWEB) August 20, 2009

Housing Assist of America, America’s #1 Brief Sale Specialist announced a 75% achievement price for helping distressed home owners for the duration of the nations housing crisis. With a lot more than 336,173 foreclosure filings reported in the month of June, 2009 and 1,905,723 foreclosure filings, default notices, auction sales notices and bank repossessions we reported on 1,528,364 U.S. properties in the course of the initial six months of the 2009 year. These numbers represent a 15% increase in total property filings for 2009 and the fourth straight month of 300,000 filings.

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“The numbers say that this is a vital time not only for the housing market, but much more so for the property owner,” said Housing Assist of America President, Aram Afshar. “We speak and meet with hundreds of individuals a month who are on the verge of losing their property and not becoming capable to purchase an additional one for ten years because of foreclosure. For a lot of of them, this was the biggest and most emotional acquire they have ever produced in their lives, and you can feel and hear the pain that comes with their circumstance and we truly want to support.”

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Those who have filed for foreclosure realize that it will negatively have an effect on their credit score and their capability to purchase a residence in the coming years. For the hundreds of thousands who have filed for foreclosure or who are on the verge of foreclosure, many of them did not or never know that there is yet another alternative short sales!

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Although foreclosure is a way out of a undesirable loan, there are lengthy term consequences to this choice. On the other side of foreclosure, there is the option of a Short Sale. Brief Sales place an instant cease to foreclosure and only impacts your credit rating minimally staying on your credit report for two years and lowers your credit score by 80 – 120 points.

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Brief Sales are a way to save much more than your credit score, a poor loan and the possibility of acquiring a new house in two years. It reduces tension and gives you a little of your piece of mind back.

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Take a moment to visit the Housing Assist of America website to see how you can advantage from their free of charge Brief Sale, Loan Modification, Refinancing, VA solutions and much more.

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About Housing Assist of America:&#13

With more than 30 years experience in Genuine Estate, Housing Help of America proudly solutions thousands of homeowners who are struggling with their mortgage payments. The organization was formed in an effort to give property owners with the honest service that they deserve in these rough occasions. Housing Help helps homeowners map out the next many years for them, in showing how particular decisions will lead them to a brighter future and we will negotiate a resolution that is hugely advantageous for all parties involved. Their intense concentrate on each certain homeowner is why they are the nation’s leading short sale and loss mitigation specialist in actual estate. For much more details, please check out http://www.HousingAssist.com.

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“Government’s Program to Rescue Distressed Property owners Hampered by Missing Piece,” says Actual Estate Industry Veteran Laurie Moore-Moore

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Dallas, TX (Vocus) September 9, 2009

The U.S. Treasury Department estimates that in the subsequent 36 months as numerous as 7 to 9 million American homeowners could face losing their properties via foreclosure. To supply assist, the government created the Making Residence Inexpensive (MHA) Program to offer loan modifications and other foreclosure options to property owners with valid hardships. Numerous pundits complain that the program is off to a slow start. “America’s million-plus REALTORS

United Law Group Recruits Veterans to Support Distressed Homeowners

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Irvine, CA (Vocus) September 23, 2009

United Law Group, the top provider of legal foreclosure prevention and foreclosure litigation solutions nowadays announced its participation in the Camp Pendleton Fall Career Fair. The occasion will be held this Thursday, September 24, 2009 from ten:00 AM to three:00 PM, at the South Mesa Club, Developing 202850.

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The semi annual Camp Pendleton Profession Fair hosts more than 100 employers. The occasion offers main organizations within higher-development, high-demand industries the opportunity to connect with veteran military personnel who are actively looking for positions. United Law Group hopes this occasion will help its efforts to employ further personnel to aid distressed home owners from its Irvine, CA offices.

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United Law Group is actively recruiting personnel to support its clients deal with fallout from the mortgage crisis, stated Vito Torchia, attorney for United Law Group. The U.S. Congress recently managing subcommittee held a hearing on September 9, 2009 to evaluate the effectiveness of the Creating Home Inexpensive (MHA) program. There is far more stress than ever on banks to prove they are operating with homeowners. United Law Group wants further staff to support troubled property owners.

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Bloomberg lately ran a story on the outcomes of a current report, which notes alleged troubles with the largest banks, like Bank of America and Wells Fargo. Increased scrutiny increases the stress on banks to aid property owners looking for to prevent foreclosure by way of to loan modification. United Law Group functions directly with lenders and servicers to prevent foreclosure on its clients.

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Every single April and September the Transition and Employment department hosts the MCCS Career Fairs. The event brings in neighborhood, state and national employers. Spouses new to the area and transitioning service-members in search of employment are expected to be on hand.

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For extra information call Camp Pendleton Profession Resource Center (760) 725-4737 or (760) 725-4199.

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About United Law Group&#13

United Law Group is a national law firm with offices in California, New York, Florida, Ohio, Nevada &amp Arizona. It is the biggest foreclosure prevention and litigation firm in the nation with attorneys licensed in every state. Dedicated to helping property owners facing hardships to hold their houses, United Law Group uses legal channels to compel banks to modify adjustable-price to fixed-rate mortgages, reduce principal and interest, and develop other fair options in between the lender and borrower.

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For further info on United Law Group get in touch with Corvi Urling, Executive Consultant for United Law Group at (800) 680-5717.

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