Tag Archives: Foreclosure

National Mortgage Complaint Center Desires To Hear From Victims Of Banks Saying Quit Creating Mortgage Payments & The Resulting Foreclosure

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Washington, DC (Vocus) October 15, 2010

In an try to clarify bank misconduct in the US foreclosure, and real estate disaster, the National Mortgage Complaint Center is looking for a particular group of former property owners, who had been never late on their mortgage payment, who had decided given that they had been upside down on their mortgage payment they would make contact with their bank/loan servicer for a loan modification, who were then told by their bank, or loan servicer to quit producing mortgage payments, and rather than getting a loan modification, lost their property to a foreclosure. The group says, “These are the exact men and women we want to talk to. A single of the gigantic issues in the US foreclosure disaster is banks, or loan servicers do not assign a homeowner attempting to take advantage of a loan modification to the same customer service agent. As an alternative the borrower by no means talks to the exact same particular person twice-no names-e-mail addresses-nothing.” The National Mortgage Complaint Center says, “The group of people we want to hear from are borrowers, who had been usually on time, who had been told to quit producing their mortgage payments by the banks, or loan servicer, who wanted a loan modification, but alternatively got a foreclosure notice.” The National Mortgage Complaint Center is saying, “please do not attempt to contact us with this information, merely go to our web website speak to page-fill out what happened-the name of the bank-when you have been told to quit making payments-and when you lost the home. Following reviewing this info we will contact you.” http://NationalMortgageComplaintCenter.Com&#13

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The National Mortgage Complaint Center says, “We are most interested in homeowner, or former homeowners, who are in states with judicial foreclosure laws. Also, we feel it is extremely crucial to find individuals, who received no notice from the bank, that a foreclosure was imminent, which means the bank sought foreclosure on their home with no initial notifying them of bringing the case.” The group says once again, “Please no phone calls, we cannot deal with thousands of calls per hour. Just go to the make contact with web page on our net website and fill out the contact kind.” http://NationalMortgageComplaintCenter.Com

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There is no price to shoppers for this investigation, on the component of the National Mortgage Complaint Center.

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The National Mortgage Complaint Center is 1 of the most quoted supply in the United States on predatory mortgage lending. The group has been featured, or quoted in the Wall Street Journal, Cash Magazine, Newsweek Magazine, Excellent Housekeeping Magazine, Parade Magazine, The New York Occasions, The Los Angeles Instances, and numerous other news, or media outlets. In the June 2005 edition of Funds Magazine, the group warned about a national financial train wreck if banks, and major US homebuilders did not place a stop to appraisal fraud. The National Mortgage Complaint Center is now saying, “US banks are either producing foreclosures simply because of sloppiness, and incompetent consumer service, or they are hiding the accurate number of prospective US foreclosures, out of worry it would create an instant economic meltdown. What happened to all the mortgage bailout cash the banks received from the morons in the Nancy Pelosi Congress?” http://NationalMortgageComplaintCenter.Com

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Foreclosure Victims Who Have been Paying On Time Ahead of Their Bank Stated Cease Making Payments Must Speak to The National Mortgage Complaint Center

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Washington, DC (Vocus) October 18, 2010

The National Mortgage Complaint Center is hunting for a specific group of former property owners, who had been in no way late on their mortgage payment, who had decided since they were upside down on their mortgage payment they would speak to their bank/loan servicer for a loan modification, who had been then told by their bank, or loan servicer to quit creating mortgage payments, and rather than receiving a loan modification, lost their home to a foreclosure. The group says, “These are the precise individuals we want to speak to. One of the gigantic troubles in the US foreclosure disaster is banks, or loan servicers do not assign a homeowner attempting to take advantage of a loan modification to the identical consumer service agent. Alternatively the borrower by no means talks to the identical particular person twice-no names-e-mail addresses-practically nothing.” The National Mortgage Complaint Center says, “The group of folks we want to hear from are borrowers, who have been always on time, who had been told to quit creating their mortgage payments by the banks, or loan servicer, who wanted a loan modification, but instead got a foreclosure notice.” For more info please contact the National Mortgage Complaint Center at 866-714-6466, or speak to the group via its net web site at http://NationalMortgageComplaintCenter.Com&#13

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The National Mortgage Complaint Center says, “we cannot support individuals who have been currently behind in their mortgage payments, before their bank contacted them, or ahead of they had been foreclosed on. We consider it is quite crucial to discover individuals, who received no notice from the bank, that a foreclosure was imminent, which means the bank sought foreclosure on their home without having very first notifying them of bringing the case.” They say, “we know there are tens, and tens of thousands of property owners, who were not behind on their payments, they basically wanted a loan modification, their bank told them to quit generating payments, and as an alternative of acquiring a loan modification-they got a foreclosure notice-generally with out prior notice.You are the men and women we want to hear from.” For much more data please speak to the National Mortgage Complaint Center at 866-714-6466, or speak to the group by means of its internet web site at http://NationalMortgageComplaintCenter.Com

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There is no expense to customers for this investigation, on the element of the National Mortgage Complaint Center.

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The National Mortgage Complaint Center is 1 of the most quoted supply in the United States on predatory mortgage lending. The group has been featured, or quoted in the Wall Street Journal, Funds Magazine, Newsweek Magazine, Excellent Housekeeping Magazine, Parade Magazine, The New York Times, The Los Angeles Instances, and many other news, or media outlets. In the June 2005 edition of Funds Magazine, the group warned about a national financial train wreck if banks, and key US homebuilders did not place a quit to appraisal fraud. http://NationalMortgageComplaintCenter.Com.

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Homeownership Preservation Foundation Offers Help, Six Warning Indicators of Foreclosure Scams to Avoid Property owners Falling Prey to Rip-offs

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Washington, DC (PRWEB) October 18, 2010

Details about individual foreclosures is publicly offered, with any person able to access info such as the owner’s name and address, and in some states, other sensitive information. This signifies that homeowners in foreclosure can become the target of mortgage loan scammers who seek to take advantage of their predicament. The Homeownership Preservation Foundation (HPF), which gives data and financial education to guide customers toward the path of sustainable homeownership, is alerting homeowners to resources that will aid them keep away from getting victimized by unscrupulous firms conducting mortgage loan modification and foreclosure rescue scams. The Homeowner’s HOPE Hotline, 1-888-995-HOPE, is a central point of speak to for homeowners who believe they may be a victim of a scam.

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1-888-995-HOPE Accessible Resource for Property owners to Report Fraud

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“One particular of the most devastating aspects of the present economic crisis for property owners is the prospect of losing their properties to foreclosure, and to add to their distress, a lot of property owners have fallen victim to foreclosure help scams,” said Colleen Hernandez, CEO of the Homeownership Preservation Foundation. “Never be fooled. You can find specific guidance on how to keep away from mortgage loan scams by calling 1-888-995-HOPE or going to the web site at http://www.995HOPE.org,&ampquot said Hernandez.

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HPF has formed a coalition with NeighborWorks America, HUD, Fannie Mae, Freddie Mac, and the Lawyers Committee for Civil Rights Below Law to curb foreclosure rescue scams. The Homeowner’s HOPE Hotline has a devoted team trained specifically to take information on reported foreclosure scams and perform with home owners to address any monetary concerns. This information is employed by local, state, and federal agencies to shut down unscrupulous organizations. &#13

The U.S. Government Accountability Office released a report in July 2010 entitled “Residence Ownership Preservation,” which warns: “The existing foreclosure crisis has offered persons who could perpetrate mortgage foreclosure rescue and loan modification schemes with unprecedented possibilities to profit from home owners desperate to save their houses.”

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The report says that the most active scheme is one particular in which men and women or organizations charge a fee for solutions not rendered. In addition, the report said there are two other sorts of foreclosure rescue and loan modification scams that are frequent: advance-fee loan modification schemes and sales-leaseback schemes, with advance-charge schemes getting the most common. The U.S. Federal Trade Commission not too long ago reported on a new twist on the advance-fee scam–a forensic mortgage loan audit.

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Scams aren’t constantly easy to spot – but it assists if to know what to appear for. Right here are Six Warning Signs of a Foreclosure Scam:

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Mortgage Complaint Center Warns about 2011 US Genuine Estate Values Says Now is the Time to Refinance & Warns of Foreclosure Scam Artists

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(Vocus/PRWEB) December 07, 2010

The National Mortgage Complaint Center says, “because we anticipate 2011 to be one more train wreck, with respect to US residential true estate valuations, due in big component to up to a million plus US foreclosures becoming dumped-now may be the last time for home owners with equity, and good credit to refinance just before their house goes underwater as well, or interest prices go up.” The group is vigorously warning against employing mortgage services marketing on Tv, about letting bankers kill each and every other for the ideal rates, or offers of five% or much more for high top quality borrowers. If a homeowner wants the see what the ideal prices are, merely contact American Interbanc at 1-800-724-0004, or verify with Bank of America. The present best residential true estate mortgage prices are about four.25% at this moment. The group says, “you would of believed the worst of the predatory mortgage lenders would have been gone soon after the US mortgage meltdown, but some are back. If you have equity in your property, and if your credit score is above 740, you will get the ideal prices, and charges from American Interbanc, or Bank of America. If you are hunting to do a FHA, or VA mortgage we advise the James B Nutter Organization.” http://NationalMortgageComplaintCenter.Com

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Mortgage Foreclosure Scam Artists: The National Mortgage Complaint Center says, “we do not comprehend how, or why the United States Division of Justice has not shut down the key-mortgage foreclosure support, or relief-scam artists? These kinds of businesses are entirely ripping off home owners, with promises of a loan modification, the buyers are then foolishly providing these organizations thousands up front-and that is the final they hear from the organization.” The group says, “here is the reality-if you have not produced your mortgage payment for one particular, or two years-you are going to drop your home. As far as we are concerned the Obama, or Pelosi homeowner salvation programs have been a gigantic waste of taxpayer income, and we require to get back to the actual globe. If you don’t make your mortgage payments, you will drop your home to foreclosure.” They say, “if you are trying to shield your property, and if you consider you have valid proof about lender misconduct, seek advice from your nearby Legal Bar Association to see what attorneys do mortgage modification work, and or bankruptcies in your location.” http://NationalMortgageComplaintCenter.Com

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The US Residential Real Estate Outlook Gets Worse: The National Mortgage Complaint Center says, “ever hear of toxic Chinese drywall? The nation requirements to prepare for this worsening disaster. One of our affiliated groups has now formally referred to as for a moratorium on US banks reselling toxic Chinese drywall foreclosures in Florida, Alabama, Mississippi, Louisiana, Virginia, and Southeast Texas, until the Fed’s come up with a affordable, and secure way to repair these properties-if not they will need to have to be bulldozed.” Toxic Chinese drywall began entering the United States as early as 2001. The gas emissions from toxic Chinese drywall are undesirable adequate to corrode electrical wires, and turn copper pipes black. The group estimates there are at least 200,000+ toxic Chinese drywall homes in the US Southeast alone. The group fears in 2011 toxic Chinese drywall will be found in all 50 US States. The National Mortgage Complaint Center is saying, “toxic Chinese drywall is a game changer for all US home owners, for all US banks, and for the US homebuilding market, and its going to get genuinely ugly in 2011.” For more data about toxic Chinese drywall please visit http://ChineseDrywallComplaintCenter.Com

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Critical Note: The National Mortgage Complaint Center is saying, “the vast majority of US home owners are more than paying on their house taxes. In some circumstances it could be thousands, and thousands of dollars every year. Verify with your neighborhood genuine estate agents to see what comparable homes in your neighborhood are promoting for, and then check your house tax bill. If you are over paying speak to your county assessor for info associated to a home tax assessment correction.” http://NationalMortgageComplaintCenter.Com

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Consumer Protection Assistance Coalition (CPAC) Non Profit Law Clinic Assists Homeowner Obtain Principal Reduction with Foreclosure Lender Law Suit Settlement

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Washington, DC (PRWEB) December 11, 2010

According to CPAC’s court filings, Mr. Wang of California had received a Notice of Trustee Sale on his family’s home well after he was purposely misled by his lender about an ever elusive loan modification that in no way materialized. Despite the fact that, according to court filings, they accepted 10 months of temporary trail modification payments that apparently had been never applied to his mortgage balance. All the while he was being reassured the loan modification looked very good, Mr. Wang stated that his plea for assist was eventually rejected. Mr. Wang states he never ever requested a reduced loan quantity. He only wanted a steady and sensible interest price so he could not comprehend why his lender rejected him. According to Mr. Wang his Lender then recommended he brief sell his residence, he painfully agreed to do so to steer clear of foreclosure but according to Mr. Wang’s licensed True Estate Broker, his lender rejected gives presented to them, so the foreclosure seemed unavoidable. Sounds like a very typical story so far?

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According to Mr. Wang he is now only accountable for a loan balance that is $ 250,000 significantly less on the same home. The 30-year fixed rate now permits the stability he initially was seeking and a payment that is less than half which includes tax and insurance coverage. His prior loan had a crazy variable payment with tax and insurance paid separately that was more than double! What happened you ask? Mr. Wang’s Church referred him to one of the employees members at Customer Protection Assistance Coalition (CPAC) the Non Profit Law Clinic.

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Mr. Charles Ton, a single of the 3 Directors for CPAC and a Licensed Litigation Lawyer was offered to comment Thankfully Mr. Wang was willing to take a a lot more aggressive offensive method and decided to file a Civil Law Suit against his foreclosing lender and the accurate Note holder who we later discovered had no thought Mr. Wang wanted to hold the property let alone in a position to afford the home with a minor modification. We quickly identified what appeared to us as more than 40 State and Federal violations in his loan relationship and instantly filed a law suit on his behalf (Filed 11/12/09 – SUPERIOR COURT OF SANTA CLARA CASE # 109CV1572) CPAC legal staff found what appeared to have not only loan origination but a variety of alleged predatory lending violations as well. Primarily based on the complaint filed with the court, the servicing of the loan was now also in query since of what appeared to be predatory in nature. Charles Ton adds The icing on the cake was that by means of our discovery and investigation we discovered that the original Notes whereabouts might not be so easily identified due to multiple beneficiary transfers, one being the infamous MERS creating the ownership of the Note potentially extremely difficult to prove, in my book no ownership, no standing, no legal standing, no foreclosure.

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Mr. Ton adds Most individuals may believe you want a lengthy high-priced jury trial to get these kind of final results, at least thats what a typical attorney will have you believe. The truth of the matter is these kinds of illegalities misrepresentation and fraudulent organization practices are really generally identified and guess whos recognized this for decades? You guessed it, the lenders and their attorneys. What sets us apart from all other law firms is we are a accurate Non Profit Organization registered with the federal government. Despite the fact that we dont get any government funding but and we would really like to help far more Americans in need to have, we nonetheless do what we can and what we do, no one else does like we do it”.

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According to post litigation records, CPAC arranged a settlement that permitted Mr. Wang, his wife, young children and grandfather to not only move back in to their home, but now the balance owed on the same residence is $ 250,000 much less than prior to. Charles Ton states “We’ve achieved a variety of settlements with comparable final results. The funny point is that in the Wang case, Mr. Wang originally didnt ask for any principal reduction at all, he only asked his lender for a easy stable price adjustment. People dont understand that majority of houses obtaining foreclosed on right now are really questionable and could not even be legal as has been quite recently produced public by the 50 atate lawyer generals investigation. We want individuals to recognize that this is our mission, educating the public that the United States court technique can and will defend the consumer the customer just demands to know who, how and when.

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Charles Ton continues to state With the modest amount of resources we have and the cooperation of the customer we turn the tables on the lender. We pre-qualify the homeowner for one particular of numerous permanent principal reduction applications for free of charge although we carry out a cost-free Lender Fraud and Violation Evaluation and educate and inform Americans of their God given consumer civil rights.

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Consumer Protection Assistance Coalition (CPAC), a federally registered Non Profit Law Clinic with locations in Arizona, California and Washington DC can aid struggling property owners in 48 States thru reputable and knowledgeable Licensed Attorneys in every State. CPAC delivers many totally free services and merchandise to these who might advantage from them as effectively as extremely aggressive and effective legal representation when necessary. Mr. Ton adds “Tell your neighbor, co-worker, pals and loved ones that its by no means too late, weve helped men and women even following theyve been foreclosed on and accomplished complete trustee sale reversals, even if your existing on your loan and just want out, we don’t operate with your lender, we function against them using a venue that makes it possible for the average American to beat the Wall Street tycoon.” Charles Ton makes his final comment “As soon as the American consumer decides that he has had adequate of being abused by their lender they have power. The energy of the court system, this kind of energy can result in our court method figuring out that the lender was in fact in the incorrect and the American consumer will have his day in court. Possibly even get a the whole loan eliminated! Quiet Title suits until now have been believed to be a myth, not now, not right here in California like the current Nguyen vs. Chase Bank (Case cv09-4589-AHM filed in U.S District Court) related to Mr. Wang, he decided to use the court system and now he not only gets to maintain his home, but even greater than Mr. Wang’s outcome, according to the Judges ruling the loan was entirely eliminated! This is how strong and how fair our court method can be when individuals make the choice to use it when they’ve had adequate”. CPAC Non Profit Law Clinic. (866)773-7864 or visit us on our web website at http://www.CPACaid.org.

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Atlanta Bankruptcy Attorney Counters Foreclosure Sneak Attacks by Lenders

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Atlanta, GA (Vocus/PRWEB) December 13, 2010

Atlanta bankruptcy attorneys at the Sandberg Law Firm are fighting an underhanded method utilized by mortgage lenders to foreclose on home owners even though going by way of the seemingly helpful method of creating a loan modification plan for a borrower. This procedure is known as Double Tracking by the lenders. Double Tracking sets up a virtual Pearl Harbor Like sneak attack on a borrower, since whilst the supposed loan modification is underway the lenders attorneys are swiftly moving forward with the foreclosure process. There is a huge upside for banks because it is significantly much less expensive for a lender to foreclose on a homeowner than to modify an existing property mortgage.

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The Sandberg Law Firm has established their personal distinctive version of Double Tracking however, Sandberg Laws Double Tracking is created to counter lender foreclosure sneak attacks on borrowers. This method puts the clientele interests as a priority and keeps the lenders foreclosure plans at bay. By utilizing Chapter 13 Bankruptcy the Sandberg Law Firm can use the power of the law to quit a lenders foreclosure plans dead in their tracks.

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Typically known as the middle class bailout, Chapter 13 Bankruptcy can also support to wipe out credit card and health-related debts and reduce or remove automobile payments. The use of Chapter 13 Bankruptcy can not only quit foreclosure, but support home owners reduce debts such as second mortgages. Sandberg Law Firm can quit any type of foreclosure that a lender could use to try to take possession of a persons house. The firm aids homeowners deal with lenders by highlighting the truth that they cannot be turned down for a mortgage modification since they are filing for Georgia Chapter 13 Bankruptcy protection.

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To educate its consumers about how to deal with these issues, the Sandberg Law Firm has created a series of totally free Bankruptcy seminars that cover locations such as debt relief, foreclosure and bankruptcy. The seminar series also covers specific topics of interest including Chapter 13 Bankruptcy workouts, the property foreclosure approach, loan modifications and short sales. The Firm also includes other helpful data such as how to deal with: the Internal Revenue Service, mortgage lenders, credit card firms and the Georgia State Tax Commission. They also deal with how to deal with repossession of private property, youngster assistance, court appearances and the bankruptcy method.

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Tony Sandberg commented on the Firm’s distinctive Double Tracking method to dealing with mortgage lenders. “We created this process to cease lenders from foreclosing on property owners even though they have been telling them that they were working on a loan modification. This sneak attack tactic is deceptive and needs to be stopped. We want to aid home owners keep in their house. We have an incredibly skilled legal group to aid our clientele by way of the Chapter 13 Bankruptcy process and our cost-free seminars can also assist them get the Georgia Bankruptcy data they want to make very good choices about their existing monetary situation.

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The Sandberg Law Firm has a staff of Atlanta bankruptcy lawyers that is one particular of the largest in the State of Georgia. The firm has a quantity of offices located conveniently around the Atlanta metro area and across the state. The satellite offices are situated in Cartersville, GA, Conyers, GA, Douglasville, GA, Duluth, GA, Fayetteville, GA, Gainesville, GA, Newnan, GA, Rome, GA and Stockbridge, GA. The Firm’s strategically positioned offices make it simple for consumers in want of a Georgia Bankruptcy Lawyer to pay a visit to an workplace and speak with an professional lawyer in individual. The Sandberg Law Firm’s principal workplace is at 229 Peachtree St, International Tower Suite 705, Atlanta, GA 30303, telephone 404-827-9799. The Sandberg Law Firm has selected Atlanta Search engine optimisation Business, Interactive Search Marketing and advertising, to provide its Search Engine Optimization and site development services.

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Local Homeowners Headed Toward Foreclosure can Download Valuable Cost-free Report

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Portland, Oregon (PRWEB) October 14, 2011

Nationwide, ten.9 million or 22.5 percent of all property owners with a mortgage owe more on their house than its worth in the existing industry, and one more six.3 million are in some stage of foreclosure, noted John Bacon of Keller Williams Realty.

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A Certified Distressed Property Professional (CDPE), Mr. Bacon pointed out that the extended-term implications of foreclosure cannot be underestimated, and has developed a report entitled, Need to have a Assisting Hand? This report can be accessed from AvoidForeclosureInOregon.com and offers critical details and options to these who are a victim of todays economic crisis.

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Too typically, the anxiety connected with missed mortgage payments and the fear of putting trust into the wrong hands, causes property owners who are heading toward foreclosure to stay away from in search of aid or pursuing a short sale since the stress of their scenario has numerous barely coping, Bacon mentioned. According to national statistics, 50% of these foreclosed in no way sought assist or alternatives.

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At present, a number of programs are being rolled out by lenders to assist home owners with loan modifications or alternatively assist borrowers transition out of their house in a way which avoids a foreclosure on a borrowers credit report.

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Most men and women by now have heard of a short sale and according to economists, this will be the new reality for numerous years to come. A brief sale happens when the existing market value of a house is worth less than what is owed on a mortgage and a true estate agent negotiates with the lender on behalf a financially strapped homeowner to accept a loan payoff that is less than the amount owed. Even though lenders had been as soon as reluctant to negotiate quick sales, the present glut of foreclosed properties on their books has prompted an aggressive push to mitigate losses, and some are even paying homeowners significant money incentives to make a fresh commence on their lives following the close of the brief sale, Bacon explained.

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Real estate agents who have received the Certified Distressed Property Expert (CDPE) designation have proactively sought out the true estate industrys ideal instruction for serving clients inside the complex and hugely charged distressed house arena. CDPE agents are required to comprehensive two days of intensive instruction and are held to a high standard of expertise, efficiency and ethics.

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Florida Property owners On Verge of Private Economic Apocalypse and Do not Know It Free Seminar Shows How Short Sale With Deficiency Waiver Ends Foreclosure Nightmare

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Sarasota &amp Manatee, FL (PRWEB) November 01, 2011

Nationally recognized genuine estate professional, John Michailidis, offers totally free seminar for FL home owners behind on mortgage payments. The unemployed, underemployed, divorced, and those who’ve seasoned recent health-related emergencies are being targeted for Foreclosure. Now, Sarasota &amp Manatee county residents can discover how to beat Foreclosure thru a “Brief Sale With Complete Deficiency Waiver” even when they owe a lot far more than the property’s worth. Ideas on how to virtually assure approval even if prior Quick Sale attempts have failed will be provided.

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Sarasota &amp Manatee county Florida home owners behind on their mortgage payments and who are either unemployed, underemployed, divorced, or who have experienced recent health-related misfortunes are being targeted.

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According to national genuine estate professional, John Michailidis, the menace is foreclosure, and by some estimates upwards of 40% of Sarasota and Manatee homeowners are vulnerable. A cost-free report outlining the dilemma can be downloaded at http://NoEquityHomeSaleReport.com.

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“Foreclosure destroys families and communities, and has literally displaced millions of American citizens,” said real estate specialist John Michailidis, GRI, CRS, JD. “The dirty small secret that bankers and politicians look to be ignoring is the truth that Foreclosure is practically one hundred% avoidable thru the use of a Brief Sale With Deficiency Waiver.”

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With congressional watchdogs testifying that the record of government loan modification applications, “has been nothing short of abysmal,” many delinquent homeowners are below the false assumption that Foreclosure is unavoidable.

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According to Mr. Michailidis, “A foreclosure most undoubtedly is avoidable and I’ve got the track-record to prove it. In practically each case we’ve taken on, we have been in a position to safe a Short Sale with Full Deficiency Waiver, which means the homeowner was able to move on with their life, totally free from mortgage debt, and with out the specter of the banks coming after them down the road.”

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Mr. Michailidis is presenting a series of cost-free, on the internet, community-outreach public seminars for Sarasota and Manatee County Florida home owners who are behind on their mortgages and worried about foreclosure. “The goal of these free seminars is to disseminate as widely as achievable information that is getting suppressed by the banks. Participants will be capable to submit queries by way of email throughout the event and obtain customized responses,” he said. Scheduling and registration details is offered at http://FloridaForeclosureEnders.com.

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Mr. Michailidis is a recognized genuine estate author and speaker, and the broker/owner of SaraMana Properties, exactly where he focuses his company on exclusively helping homeowners to keep away from foreclosure by means of Quick Sales. He is also a graduate of the Northwestern University School of Law in Chicago and is a member of the Illinois Bar. A message can be left for Mr. Michailidis at 941-548-7771, or by way of e mail at info(a)SaraManaProperties.com.

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Mitchell J. Stein, Esq.: Military Families’ Foreclosure Fiasco Offers Ominous Warning in Dealing with Banks

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Hidden Hills, CA (Vocus/PRWEB) January 20, 2011

Recent revelations that one particular of the nations biggest lenders overcharged thousands of military households for their mortgages, like households of troops fighting in Afghanistan, and improperly foreclosed on a lot more than a dozen military households highlights the extent of the foreclosure crisis and the disadvantages home owners face with no specialist legal help in foreclosure actions, according to Mitchell Stein, Esq. of Mitchell Stein &amp Associates.

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The revelations have been the outcome of a lawsuit filed by Marine Capt. Jonathan Rowles, a fighter jet pilot who has served the nation as a Marine for five years, against JP Morgan Chase soon after he and his wife, Julia, attempted unsuccessfully for numerous years to get a loan modification. The lawsuit has received national focus and brought on a assessment of every single mortgage involving active duty personnel by the bank, which has admitted overcharging the family by as significantly as $ 900 a month, hitting them with three-a-day collection calls and claiming they owed as much as $ 15,000 — even even though they didnt owe something and had never ever missed a mortgage payment.

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These committed members of the armed forces would have lost their residences via blatant mismanagement of their mortgages by JP Morgan Chase, said Mitchell J. Stein, a 25-year award-winning litigator, trial lawyer, and philanthropist committed to safeguarding consumers and victims’ rights in reigning in abusive practices of banks, lenders and others. No amount of PR spin and backpedaling can make up for the harm the bank has carried out to the lives of thousands of our service men and women and their families.

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Beneath the Servicemembers Civil Relief Act (SCRA), active-duty troops usually get mortgage interest rates lowered to six percent and are protected from foreclosure. A Chase official told NBC News that some four,000 troops could have been overcharged. Whats much more, the bank found it improperly foreclosed on the residences of 14 military families.

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Chase could have repeatedly violated the SCRA, which is developed to protect troops and their households from economic pressure although theyre in harms way, said Mitchell J. Stein. It is unfortunate that a lawsuit was needed to get them to act within the law and it is probably we will see this scenario repeated as the foreclosure crisis continues.

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The Rowles records show that whilst they had been creating payments at six %, the bank had been charging them at prices above 9 or ten %. They known as the bank repeatedly to explain the error with no success and then the bank started harassing them for funds they did not owe, like threatening to take their property and report them to a credit agency. Following collection calls began occurring at 3 am on weekends, the Rowles sued Chase for himself and other members of the military.

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At a time when millions of Americans are fighting for their properties due to foreclosure, this shows how banks and lenders often willfully ignore the law and wrongfully throw individuals out of their homes, and it is especially despicable that Chase treated our servicemen and females this way. Primarily based on what can only be described as a terrible mess, it is reasonable to ask: In addition to the military families, how a lot of non-military households has this bank wrongfully foreclosed on? said Mitchell J. Stein.

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The case is Rowles vs Chase Residence Finance, LLC 9:10-cv-01756-MBS

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ABOUT MITCHELL J. STEIN &amp ASSOCIATES

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Mitchell J. Stein &amp Associates is a California-primarily based law firm founded by M.J. Stein, Esq. a 25-year award-winning litigator, trial lawyer, financier, and entrepreneur who has represented a lot of of the world’s largest organizations and has been involved in some of the highest profile situations in the Nation’s history. The Firms philosophy is based on the belief that their customers requirements are of the utmost value and, as a result, a high percentage of the Firms company has been from repeat clients and referrals. The Firms practice places consist of Complicated Litigation, Bank Troubles, Mergers &amp Acquisitions, Commercial and Residential Foreclosures , and Bankruptcy Litigation. Mr. Stein is also the founder of VIPS Foundation (Victims of Injustice Discomfort and Suffering), via which victims nationwide, more than the final 15-years, have received assistance following unfortunate events that subjected them to oppression or mistreatment. In that regard, Mr. Stein received the inaugural Mitchell J. Stein Benefactor Award from the National Organization for Victims Assistance http://www.trynova.org (NOVA) for his work in defending victims rights. Go to http://www.mjsteinassociates.com or http://www.dobielaw.org for more information.

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Brookstone Law, PCs Emergency Extension Division Gives Emergency Help to Seniors Facing Foreclosure Sale

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Newport Beach, CA (Vocus/PRWEB) January 31, 2011

The current launch of Brookstone Law PCs Emergency Extension Division (EED) (http://www.brookstone-law.com), a new resource to support property owners facing foreclosure keep their houses, achieved timely final results this week for two neighborhood seniors by stopping the sale of their property the day just before it was scheduled to be sold.

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Bob and Angela Sacchi, a married couple in their 80s living on a fixed pension income and savings in West Hollywood, CA, had been facing foreclosure, the sale of their house and eventual eviction based on a predatory residence loan they obtained in 2004 and the banks refusal to let them to modify their mortgage regardless of quite a few attempts to repair their troubles over the previous several years. The case is Angela and Robert Sacchi, vs. Residential Credit Solutions, Inc., Case No. BC453524 in Los Angeles Superior Court.

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Like numerous property owners, the couple had heard stories about how mortgage holders facing foreclosure are treated by banks and how numerous banks do not enable brief sales to address foreclosures. Media reports have highlighted banks mishandling of mortgage foreclosures and mistreating consumers, practices which have lead to legal action throughout the country such as suits filed by more than 40 state attorneys general against banks and lenders. Coverage has integrated banks throwing peoples belongings into the street in wrongful evictions, overcharging thousands of members of the militarys mortgage payments and bank executives admitting to blatant misadministration of loan documents in wrongful foreclosure trials.

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Facing quick foreclosure sale, without having chance for a loan modification, living on a fixed low income and with nowhere to go if their property was sold, there seemed to be no way for the couple to quit foreclosure until they contacted the EED specialists at Brookstone Law.

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EEDs team of legal authorities and specialists acted decisively and fought for the couple in court by filing a lawsuit that resulted in a postponement till the finish of subsequent month. Brookstone Law will continue to represent the couple and could take additional actions to extend the postponement or obtain a cancellation of the sale.

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Thanks to Brookstone Laws EED group we went from the threat of the sale of our property to a sense of safety about our future, said Mr. Sacchi, a member of the Screen Actors Guild and American Federation of Television and Radio Artists who starred in the film “The Man Who Stole Bogart’s Face” and has appeared in many well-liked television series including “Kojak” and “Fantasy Island.” Brookstone Laws legal group helped when we required it and cared about our circumstance. They stated they would fight the bank and for us in court and they did. We couldnt have done that with out the EED at Brookstone Law.

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At a time when millions of Americans are losing their homes as portion of the foreclosure crisis, home owners face a daunting challenge when dealing with banks. To deal with these challenges, numerous home owners have turned to the EED aid them keep their properties.

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Developed by Brookstone Law Computer to aid buyers deal straight with an institutional bureaucracy that is biased against them, the EED is a special service not provided by any other firm that offers homeowners facing foreclosure a fighting likelihood to keep their properties. Brookstone Law PCs EED attorneys and specialists are knowledgeable in working directly with banks and extensively trained to assist homeowners accomplish postponements.

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Brookstone Laws legal team researches all available choices to help property owners extend their sale date whilst they are in the procedure of litigation, bankruptcy or short sale. Costs are contingent upon success of the service, which indicates customers pay only if the sale can be postponed or stopped. Property owners facing foreclosure like the Sacchis are making use of the EED to aid preserve their homes and stay away from declaring bankruptcy and in other instances to help them preserve their houses after possessing filed for bankruptcy and not being in a position to refile for 7 years.

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We dont cease functioning until we accomplish the results our clients need. Our professional legal group was so excited to hear how we helped the Sacchis, stated Nisha S., a seasoned EED specialist.

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The procedure usually requires many hours per client and several instances demand as considerably as a full day to get results since a majority of EED activity is spent by the Firms lawyers and experts in foreclosure law and litigation dealing straight and negotiating with banks and lenders.

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“Our EED legal group and specialists are to be commended for doing such fantastic perform on behalf of a deserving couple. We know how to deal with the banks and will not hesitate to go to court if essential to get the results we require, each locations where our group of legal specialists and attorneys is of greatest value to homeowners searching for relief, stated Vito Torchia, Jr., managing attorney of Brookstone Law, Computer. With no dedicated attorneys and specialists like Brookstone Laws working on their behalf, the Sacchis would be in quite difficult circumstance. We will continue to work on their behalf to aid them hold their home.

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ABOUT BROOKSTONE LAW, Pc &#13

Headquartered in Newport Beach, Calif., and with offices in Los Angeles, Calif., and Ft. Lauderdale, Fla., Brookstone Law, Computer is a law firm comprised of attorneys with encounter and accomplishment in enterprise, corporate and private finance, employment, entertainment and media, art and museum, intellectual home and true estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs very educated specialists, paralegals, paraprofessionals and administrative employees devoted to serving clientele. For information, contact (800) 946-8655 or check out Brookstone-Law.com (http://www.brookstone-law.com).

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