Riverside, CA (PRWEB) June 27, 2011
Springboard Nonprofit Consumer Credit Management is pleased to announce that it is the recipient of a $ 3 million federal grant by means of the National Foreclosure Mitigation Counseling (NFMC) Program administered by NeighborWorks
Newport Beach, CA (PRWEB) July 13, 2011
Brookstone Law PCs Emergency Extension Department (EED) (http://www.brookstonelaw.com), a new resource to help property owners facing foreclosure maintain their residences, earned its first major victory this week on behalf of two regional seniors with a Court decision cancelling the sale of their residence.

According to court documents, Bob and Angela Sacchi, a married couple in their 80s living on a fixed pension income and savings in West Hollywood, CA, have been facing immediate foreclosure sale without having chance for a loan modification in January. With nowhere to go if their residence was sold, there seemed to be no way for the couple to cease foreclosure till they contacted the EED specialists at Brookstone Law.
Los Angeles, CA (PRWEB) September 21, 2011
The US housing industry is in the midst of an unrelenting foreclosure crisis. Millions of families have lost their houses to foreclosure and millions much more are expected to shed their houses in the next few years. With residence values plummeting and unemployment at record levels, property owners are drowning below the weight of their mortgages and debt obligations. According to analyst Laurie Goodman from Amherst Securities Group, roughly ten.four million mortgages, or one particular in five outstanding residence loans in the U.S., will most likely default if Congress refuses to implement new policy adjustments to avert foreclosures.

Winston Hardson, CEO of ForecloseByowner.com, is a Realtor and holds the Quick Sale & Foreclosure Resource certification (SFR) from the National Association of Realtors, began the new service in response to the growing foreclosure crisis. ForecloseByowner.com is developed to increases homeowners overall understanding of the foreclosure process (including procedures and techniques), and supply specific foreclosure defense strategies. Using social networking technologies, members can connect with and receive timely foreclosure prevention tips from people and experts that they may not have had the chance to beforeincluding other homeowners, genuine estate agents, foreclosure attorneys, and non-profit counselors.

The strength of the ForecloseByowner network centers around user profile information and user generated content. Homeowner profile details includes but not limited to: 1st name, state of residence, name of lender/servicer, and mortgage default status. For professionals and businesses, profiles incorporate name, license quantity, web site address, and employment information. To make certain privacy, members have the option to manage regardless of whether their data is visible to their connections, their broader network of second and third degree connections, or the whole ForecloseByowner.com network.

Upon initial sign up, network algorithms will automatically advise to new members other members, news, groups, videos and articles. The algorithms behind the recommendation engine are based on user relevance, and highlight content and people primarily based upon profile data (state, lender, foreclosure status) similar to Facebook.

There are hundreds of foreclosure defense blogs and message boards on the web, but these that really offer relevant, timely and information sharing tools built around neighborhood are non-existent, says Winston Hardson. Through ForecloseByowner.com, members can for example, join a loan modification group and share with other trusted members their loan modification documents they received from the lender and receive actual time feedback. No other internet site provides these functions for house owners facing foreclosure.

Important characteristics incorporate:
Deerfield Beach, FL (PRWEB) September 22, 2011
Debt Management Credit Counseling Corp. (dmcconline.org), a nonprofit charitable organization (DMCC), announced these days that as portion of its new Foreclosure Prevention Plan it is providing certified home owners cost-free loan modification services. Under this program, DMCC will prepare and submit loan modifications for home owners totally free of charge if an initial assessment indicates that they qualify for a loan modification by means of the Home Inexpensive Modification System (HAMP) or the Home Cost-effective Refinance Plan (HARP), and it is a suggested answer for the homeowner to steer clear of foreclosure. DMCC housing counselors will analyze details offered by the homeowner and provide them a written action plan with suggested solutions to stay away from foreclosure primarily based on their private circumstance and goals. It is crucial that any homeowner who faces such choices understands all their offered alternatives and seeks a remedy from a HUD Authorized Housing Counseling Agency such as DMCC.

Apart from these who knowingly take portion in mortgage fraud, most homeowners face sudden extenuating situations that force them to cease generating their mortgage payments some of these reasons may possibly be job loss, an illness, a death in the household or even an adjustable rate that has gotten too expensive. DMCC housing counselors can help these buyers steer clear of foreclosure by delivering education and guidance about their obtainable choices, creating this currently overwhelming predicament much a lot more manageable. We talk about every little thing from loan modifications and brief sales to applications that are presently supplied by the government. Our job is to supply the homeowner with the expertise so they can make an informed decision said Stephen Lichtenberger, Operations Manager for DMCC. We create an up to date budget with homeowners, as we think this is a vital step in the process to aid stop the future threat of losing their home by maximizing their finances.

DMCC housing counselors will evaluation available options with the homeowner and advise the remedy that very best meets their economic predicament. Feasible solutions to avert foreclosure include refinancing, repayment plans, forbearance agreements, loan modifications, brief sales, and reverse mortgages. If a loan modification via the Property Reasonably priced Modification System (HAMP) or the Property Reasonably priced Refinance Plan (HARP) is a viable and desired remedy for homeowner, DMCC will prepare and submit the essential modification documents to the home owners mortgage lender. DMCC supplies this service free of charge of charge, along with personal spending budget counseling and other monetary education, as part of their charitable mission. Debt management plans to help consumers with the repayment of credit card accounts are also accessible. Decrease credit card payments obtainable through debt management plans, combined with budgeting, is an option that may give sufficient relief for homeowners to allow them to afford their month-to-month mortgage payment.

In order for homeowners to maximize the options offered to them to avoid foreclosure, it is imperative that they seek assistance as soon as they know they will not be able to meet their mortgage payments. Once a mortgage lender commences foreclosure proceedings, numerous possibilities cease to be available. Homeowners wishing to take benefit of this free of charge service ought to contact DMCC at 866-618-3328 Monday via Thursday 9:00am to five:00pm ET or Friday 9:00am to three:00pm ET and ask to speak with a housing counselor.

About Debt Management Credit Counseling Corp.

DMCC is a nonprofit 501(c)(3) public charity committed to educating buyers on financial issues and offering personal help to buyers overextended with debt. Education is supplied cost-free of charge to consumers by means of seminars, workshops, a proprietary monetary literacy plan, and a vast array of on the web and printed materials. Free private counseling is offered to customers to recognize the very best alternatives for the repayment of their debt. Consumers interested in speaking with a DMCC certified credit counselor may possibly contact (866) 618-3328 or request assist at dmcconline.org. DMCC is a HUD Approved Housing Counseling Agency, is authorized by the U.S. Trustee to offer bankruptcy counseling and education, and has an A+ rating with the Better Organization Bureau.

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Burlingame, CA (PRWEB) July 06, 2012
True estate Lawyer Howard L. Hibbard, has announced the release of his new book titled, How to Avoid Foreclosure in California, 2012 Edition: An Straightforward Guide to Saving Your Property and Walking Away With Money, published by Cheka Press.

Regardless of the overwhelming quantity of data accessible these days for distressed property owners trying to keep away from foreclosure, most of it is lengthy, hard to understand, legalese. Mr. Hibbard requires this to heart and condenses his info into an simple-to-comply with 30 page book, that provides answers to the most pertinent questions on mortgage default, loan modification and tax consequences.

He starts out by introducing a Distressed House Owners Possibilities Chart thats chalk-full of worthwhile details broken down into eight various house sorts and the various options obtainable for avoiding foreclosure. He then goes a step further by telling distressed property owners how they can stroll away from their home with income in their pocket.

Mr. Hibbard also covers the most recent 2012 California legislation and its effect on distressed property owners. In effortless to recognize terms, he explains Senate Bill 94 that prohibits advanced costs on loan modification, as nicely as Senate Bills 931 and 458 that forgive debt following quick sales. He also reminds us of earlier legislation on mortgage debt relief that is due to expire at the finish of 2012. In addition, he explains how to steer clear of falling victim to lawsuits, as well as scams to collect funds.

You can obtain How to Steer clear of Foreclosure in California, 2012 Edition, as a paperback or eBook by way of Amazon.com and Smashwords.com.

About the Author
Howard L. Hibbard is owner and principal lawyer of the Law Workplace of Howard L. Hibbard, founded in 1979. With more than 30 years expertise as a trial attorney in both state and federal courts, his primary concentrate has been on commercial and residential real estate matters, including construction defect lawsuits. Mr. Hibbard is also author of The Legal Pitfalls of Quick Sales and Foreclosures, and teaches seminars on how to keep away from foreclosure via loan modification programs, and other essential details on buying and selling distressed properties.





Houston, TX. (PRWEB) July 14, 2012
Soon after reports had been issued this week revealing that numerous home owners all more than the country have been losing their residences to back tax bills, Home Foreclosure News, announced a new totally free report offer you to aid individuals find out how to stop the foreclosure procedure on their properties and realize their options. House Foreclosure News new cost-free report offer will provide insight to home owners who have been denied loan modifications in the past and who want to know what their options are when it comes to stopping house foreclosures.

Nationwide reports showed the some outdated state laws had been resulting in property owners losing their residences more than small unpaid tax bills, a lot of in the type of just a couple of hundred dollars. This information sparked the new totally free report supply from Residence Foreclosure News, in hopes to educate many property owners on their alternatives when it comes to facing foreclosure. The new report provide is completely totally free and aims to aid any individual concerned with foreclosure to get the aid they need.

With several property owners around the country facing economic hardship and foreclosure concerns, House Foreclosure News is offering the report as a supportive arm for these who want to recognize their foreclosure possibilities. The company is attempting to aid the a lot of home owners who are facing their personal foreclosure troubles with back taxes or other economic troubles, get the answers they want.

The new report will function a detailed insight into confirmed methods of preventing foreclosure problems and understanding foreclosure choices supplied by actual foreclosure specialists. The new report provide is currently launched on the organization internet site and is offered to any homeowner who is interested in this info.

For far more data on the new Home Foreclosure news report provide and for a lot more insight on how to quit foreclosure go to http://homeforeclosurenews.org/howtostopforeclosure/.





Aliso Viejo, CA (PRWEB) November 17, 2011
Avid Law Center, an Orange County, California-based genuine estate and litigation law firm, accomplished an additional winning case outcome with the effective negotiation of an affordable mortgage loan restructuring program for their consumers, Sergio and Maria Alunan of Antelope, Calif. Each property owners are wheelchair bound due to physical disabilities.

The new terms of the Alunans mortgage restructuring, settled via Chase, integrated lowering the interest rate to a fixed two % (two%), a 120-day mortgage term extension, and a new decrease reasonably priced mortgage payment of only $ 669.00. Their lifetime month-to-month payment savings, over the life of the loan, is expected to exceed more than $ 374,000.00.

My husband and I had been going by means of a quite challenging and confusing time, trying to make sense of our possibilities for staying on leading of our mortgage payment. We had heard that lenders were tough to deal with and we didnt trust our knowledge of the program. That was why we decided to perform with Avid, mentioned homeowner Maria Alunan. Now we can afford this new payment and we can rest assured that we will not be losing our residence. We are overjoyed at the outcome and couldnt be far more grateful to the group at Avid for assisting us fight to preserve our house.

The Alunans bought their house as the housing marketplace was expanding in 2002. They are both physically disabled, requiring electric wheelchairs for their mobility, so they spared no time in creating their new house wheelchair accessible. More than the subsequent 5 years they spent considerable cash creating essential improvements and enjoying their American Dream of residence ownership. In 2007, Mr. Alunan lost his job due to legal, overall health, and financial reasons. The couple began struggling to pay their mortgage and quickly found they were unable to refinance due to the excellent loss in the worth of the house. Their hardships again enhanced right after Mr. Alunan suffered a stroke and was injured in a serious automobile accident. Now totally unable to return to perform, the couple struggles even additional in generating their mortgage payments on their disability rewards alone.

Upon receiving the case, Avid Law Center moved quickly to compile a loan restructuring package. Their perform helped the couple total the needed monetary applications, hardship letter, and the supporting records for the banks to assessment. Avid then sent a legal demand to Chase, their lender, warning of possible litigation, but seeking to resolve their hardship and loan concerns via a affordable settlement, modification, and a restructuring of their loan.

The loan modification procedure can be extremely stressful and frustrating to property owners in monetary distress. Banks are notorious for dragging their feet, misplacing paperwork and at some point denying modifications to move forward with foreclosure, said Hiro Watari, a loan restructuring lawyer for Avid Law Center. Aron Rofer, President, CEO and Managing Attorney for Avid Law Center additional commented, Our aggressive strategy demanded swift action and has helped the Alunans preserve their home on reasonable and fair terms. We take each of our consumers conditions very personally and it is a pleasure to know weve genuinely helped so a lot of deserving customers through our hard perform.

Avid Law Center lately announced it had reached its 600th winning case outcome, effectively advocating for millions of dollars in mortgage debt relief for its clientele throughout California.

For more data please pay a visit to http://www.avidlawcenter.com

About Avid Law Center 
Based in Orange County, California, Avid Law Center is a full service Real Estate Litigation Law Firm representing shoppers all through the state. With more than 30 years of legal expertise, as nicely as considerable expertise in organization and finance, Avid Law Center challenges banks on behalf of their clients to quit foreclosure and minimize clients’ mortgage payments to an cost-effective amount.

The information in this release is for basic data purposes only. Nothing in this release or on the Avid Law Center internet site or blog need to be taken as legal guidance. Prior successes are no guarantee of future overall performance. Litigation is inherently uncertain and final results in litigation are never ever guaranteed.

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Associated Loan Modification Services Press Releases
Hollywood, Florida (PRWEB) November 17, 2011
We all know the apparent consequences of facing foreclosure. Losing a home, facing a deficiency judgment for the difference among the value of the residence and the amount of the mortgage, and dealing with damaged credit are a few but regrettably there is so a lot much more associated with this procedure than just finances. Emotionally, losing a property can be extremely tough. Usually instances, individuals develop up an array of dreams composed of all the very good things they expect to take place in their property as they grow older. Feeling hopeless as one seemingly watches those hopes and dreams slowly slip away only adds to the emotional loss. Couple the monetary and emotional loss with the newly released scientific research that reveals a rise in tension connected physical ailments discussed in a current New York Instances write-up titled Foreclosures are Killing Us, and its easy to see that foreclosure is not one thing to be taken lightly. Nonetheless, Rosen & Rosen is releasing info about a approach that can support give homeowner’s possibilities.

There have been numerous stories in the news about so known as loan modification professionals who will either do nothing but take a person’s funds in exchange for a slew of also good to be correct promises, or who will, possibly in excellent faith but still unwisely so, submit a person’s private economic information to a bank quite a few instances hoping the bank will respond to a plea for help. The National Fair Housing Alliance (NFHA), a consortium of 220 private, non-profit fair housing organizations recently identified that the loan modification industry is “rife with corrupt practices.” The FDIC has even published a booklet about foreclosure rescue and loan modification scams subtitled “If It’s Also Great to be Correct, It Probably Is.” Also, according to the Florida Bar “complaints are pouring”, “with 4 times much more instances pending…” as a outcome of foreclosure fraud by lenders’, servicers’ and supposedly pro-borrowers’ attorneys. The overwhelming and “near universal agreement that the [federal governments loan modification] system has failed to meet its objectives, as stated by the Neil Barofsky, Specific Inspector Basic for the Troubled Asset Relief Program, only serves to highlight the truth that an method which relies solely on corresponding with banks to ask for a modification is however rarely feasible. Furthermore, lawyer Evan M. Rosen from Rosen & Rosen advises his clients that divulging their monetary history is not only irrelevant to any legal situation at hand but it is also usually not in one’s best interest to do so. The larger concern, as Mr. Rosen states, is that servicers repeated requests for financial data beneath the guise of a loan modification might instead just be a fishing expedition to see if there are any assets which would be recoverable in a deficiency.

Nevertheless, there is hope. Thanks to a handful of highly educated, really challenging-working and dedicated litigation lawyers, Rosen & Rosen wants home owners to know that they can fight back and with very fair fee structures, they can do so for far significantly less than one particular might think. Lawyers like those at Rosen & Rosen and others are seizing upon the opportunity left behind as a by-solution of the banks rush to profit both when these mortgages had been formed and now as they are falling apart. Through the application of leverage resulting from several legitimate legal and ethical defenses, whilst simultaneously educating the lender how they would be far better off in a exercise than they will be post foreclosure with 1 of these very trained professionals, a individual has a opportunity to substantially alter their situations. It can be a new day in court for property owners armed with the appropriate representation. However, it is critical to completely review a lawyers credentials just before before jumping in with anyone.

Foreclosure defense and all its inter-connected topics are part of a burgeoning new location of law. In addition to exploring all attainable legal defenses and counterclaims that can be utilised in guarding a house, there are also a number of alternative actions a properly-educated lawyer can support with in order to possibly remove liability to the bank and/or avoid them from getting a deficiency judgment.

Be certain to ask for a lawyers credentials before signing up, see if they supply a free consultation and throughout that consultation ask questions to make positive they are well versed in genuine estate law, bankruptcy, civil procedure and all of the different state and federal consumer protection statutes. With the forthright, aggressive and properly-informed method from a true legal expert, a homeowner has a greater possibility of saving their home, getting their finances in order, and acquiring back on track to reclaiming a piece of the American dream!

For far more info on Foreclosure Defense, Debt Defense, Bankruptcy and a lot more, please make contact with the author Evan M. Rosen at erosen(at)rosenandrosen(dot)com, or (954)981-1852. Rosen & Rosen has been designated a debt relief agency under Federal law. In addition to other legal services, they aid men and women file for bankruptcy relief below the Bankruptcy Code.

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Saint Louis, MO (PRWEB) November 25, 2011
Joe LoPiccolo, Broker/Owner of American Realty Group, a real estate brokerage primarily based out of St. Louis County, right now announced the availability of a free, educational report for St. Louis property owners which will assist region residents comprehend their possibilities when facing foreclosure. The report, which was launched earlier nowadays on their website, will let homeowners to grow to be a lot more knowledgeable about the various options to foreclosure.

A Certified Distressed House Expert (CDPE), LoPiccolo pointed out that the long-term implications of foreclosure can not be underestimated, and has created a report entitled, Want a Assisting Hand?

Nationwide, ten.9 million or 22.five % of all property owners with a mortgage owe much more on their house than its worth in the current industry, and one more 6.three million are in some stage of foreclosure, noted Joe LoPiccolo of American Realty Group.

The downloadable report, which can be accessed from http://www.stlshortsaleexperts.com, delivers St. Louis region home owners an easy to comprehend, however detailed informative list of often asked concerns and options for these who are facing foreclosure and are exploring extra possibilities. Any nearby homeowner in pre-foreclosure can advantage from reading the report and at the really least, commence producing essential choices on how they want to proceed with their lenders.

As well often, the anxiousness connected with missed mortgage payments and the worry of placing trust into the wrong hands, causes home owners who are heading toward foreclosure to steer clear of in search of help or pursuing a quick sale, LoPiccolo mentioned.

This community resource defines foreclosure alternatives, including quick sales, loan modifications and forbearance.

The holidays are a time of joy and household, but for numerous in St. Louis, this is also a time of elevated financial strain, LoPiccolo stated. With this report, Im helping home owners in my community understand more about their options so they can have hope to carry them via the holidays.

The report highlights the benefits of a quick sale, which occurs when the present market place value of a home is worth significantly 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. Whilst lenders have been when reluctant to negotiate brief sales, the existing glut of foreclosed properties on their books has prompted an aggressive push to mitigate losses, and some are even paying property owners important money incentives to make a fresh start on their lives following the close of the quick sale, LoPiccolo explained.

The report also information other foreclosure options such as mortgage modificationswhich is one more process that the federal government and trade organizations are pushing to be streamlined and how it has grow to be a viable resolution for each struggling home owners and lenders to locate frequent ground in this challenging housing environment.

The CDPE Designation LoPiccolo has acquired offers real estate experts with particular understanding of the complex issues confronting distressed home owners. By way of extensive education and encounter, CDPE-designated agents are in a position to supply solutions for property owners facing financial hardship in todays industry.

“Taking twenty minutes of your time and reading this report ought to be the first step”, LoPiccolo stated.

About American Realty Group

American Realty Group is a complete service residential true estate firm representing both purchasers and sellers in the Saint Louis and Surrounding Metropolitan areas with a specialization in St. Louis quick sales.

Find out a lot more at: http://argrealestate.com

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Newport Beach, CA (PRWEB) February 21, 2012
The recent Federal Foreclosure settlement shows the nation’s main banks are admitting fault in the foreclosure crisis and does not waive the rights of property owners in dealing with the banks, according to Vito Torchia, Jr., managing lawyer of Brookstone Law, Pc.

The settlement numbers cant hide the fact that the issues of hundreds of thousands of property owners have not been addressed. This is an attempt by the Banks to escape judgment for the troubles they triggered whilst providing politicians an chance to act like they are helping home owners, stated Vito Torchia, Jr. We disagree that the outcome offers California a fair deal commensurate with the harm done here and will continue to aid person property owners facing wrongful foreclosures. Now that the banks have admitted their fault in court, there will be new possibilities for customers with professional legal aid to shield their rights.

According to media coverage, the nation’s three largest mortgage servicers Bank of America, JPMorgan Chase and Wells Fargo & Co. committed last week to subsidize a $ 12 billion fund to address principal write-downs, which includes via short sales, in California over the subsequent 3 years, the single largest such commitment to come out of the negotiations with state attorneys basic more than the role of these lenders in the foreclosure crisis.

“By signing on for political causes, the state of California acted against the interests of property owners by waiving many claims it could have brought against the banks on behalf of victimized home owners, such as widespread unfair or deceptive business practices and general customer protection statutes that applied to wrongdoing in the loan modification and foreclosure procedure, mentioned Vito Torchia, Jr. With professional legal counsel, these claims can nonetheless be pursued by individuals.

According to media reports, the settlement does not consist of about 60% of the state’s homeowners whose loans are owned by government-controlled mortgage giants Fannie Mae and Freddie Mac. California’s mortgage industry at present accounts for about 13% of total U.S. loans serviced and 20% of loans by dollar size. The settlement covers only homeowners whose mortgages are owned by the banks in the deal or are serviced by them on behalf of private investors so will effect only about 250,000 Californians. Iowa Atty. Gen. Tom Miller, who led negotiations for the state attorneys basic, noted that they have been amazed by how a lot of a problem there was in California.

California is by far the most important mortgage lending state in the nation, and so is the most crucial foreclosure state, so as we have predicted, the banks now get to go back to company of aggressively processing foreclosures, said Vito Torchia, Jr.

ABOUT BROOKSTONE LAW, Computer
Headquartered in Newport Beach, Calif., and with offices in Los Angeles, Calif., and Ft. Lauderdale, Fla., Brookstone Law, Pc is a law firm comprised of attorneys with experience and achievement in organization, corporate and individual finance, employment, entertainment and media, art and museum, intellectual house and genuine estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs hugely educated specialists, paralegals, paraprofessionals and administrative staff dedicated to serving customers. For data, contact (800) 946-8655 or check out the Brookstone Law Computer internet site at (/http://www.brookstonelaw.com).

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