Tag Archives: Foreclosure

Foreclosure Auctions are Red Hot as Nations Leading True Estate Auction Firm REDC Rolls into Atlanta Saturday to Auction 250+ Fresh Foreclosures

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Irvine, CA (Vocus) March six, 2010

Home foreclosure auction sales are red-hot throughout the U.S.

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Actual Estate Disposition, LLC, (REDC), the nation’s leading true estate auction company, has auctioned a U.S.-major 5,705 properties for $ 322 million so far this year as it rolls into Atlanta to auction 250+ foreclosures at Cobb Galleria Saturday March six at 9:30 a.m.

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“2010 is the year of the foreclosure,” REDC CEO Jeff Frieden says, referring to the three to seven million foreclosures that are hitting the market this year, doubling the quantity from 2009. “The marketplace is white hot. The demand is there along with the inventory.”-

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To see all the properties up for auction, go to REDC’s internet website, http://www.Auction.com. The public might register online for the auction. REDC also conducts industrial and notes auctions, which can also be reviewed at http://www.Auction.com.

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Here are some of the best offers in the ATL auction:

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647 Hwy 279 Fairburn, GA 30213 5600 sq ft home previously valued at $ 678K that will have a startling bid of $ 99K

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613 Chimney Oaks Mableton, GA 30126 3619 sq ft property previously valued at $ 510K that will have a startling bid of $ 149K

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4997 Dovecote Trl Suwanee, GA 30024 3864 sq ft home previously valued at $ 455K that will have a startling bid of $ 99K

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844 Cross Fire Ct Nw Marietta, GA 30064 3733 sq ft house previously valued at $ 425K that will have a startling bid of $ 149K

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The dismal state of foreclosures in Georgia and the U.S. is staggering. The State Foreclosure Prevention Functioning Group, which is made up of state banking regulators and attorneys general, released a report that reports, “Despite efforts of servicers, home owners, and the government, the foreclosure crisis continues to worsen. These signs point to far more foreclosures in 2010 than in 2009.”

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In response to the millions of foreclosures hitting the market, REDC ramped up operations to auction bank-owned residential residences and condos, commercial buildings and notes in a lot more than 47 states, each in live auctions and on the web. REDC is conducting a record 88 auctions in a 42-day span.

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Thousands of these foreclosures will modify hands through REDC’s auctions, which directly impacts the regional and national economy by helping to reduce the ramifications of one more financial crash. REDC auctions have emerged as a hot new trend in house acquiring and investing, regardless of whether it’s residential, commercial actual estate or notes.

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Market authorities refer to these new foreclosures as “shadow inventory” resulting from delays via a range of indicates, which includes national and state moratoriums, loan modifications, legal squabbling, re-defaults and bank issues. There is fear that the avalanche of new foreclosures will trigger an additional economic crisis.

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Considering that its launch in 1990, REDC has helped tens of thousands of households and people acquire residences for affordable rates by means of its unique auction approach, establishing the business as the international leader in actual estate auction marketing and advertising.

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REDC’s genuine estate auctions have gained tremendous appeal and reputation amongst buyers and sellers in todays industry, Frieden says. In truth, the real estate auction market now plays a major role in house sales in the U.S. As a result, REDC has helped make auctions a preferred decision more than traditional, time-consuming and high-priced genuine estate sales approaches.

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REDC’s headquarters are in Irvine, California with offices in Dallas, New York and London.

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Speak to:&#13

Rick Weinberg&#13

REDC Communications&#13

949-639-3558&#13

rickw(at)redcgroup(dot)com&#13

http://www.redcgroup.com&#13

http://www.auction.com

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Townhall Meeting to Raise Homeowners’ Concerns Against Practices of Banks in Property Loan Modification and Foreclosure

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San Jose, CA (PRWEB) March 18, 2010

Homeowners In Action (http://www.homeownersinaction.com), a neighborhood grassroots movement concerned about the lack of fairness and transparency in bank practices, announced nowadays that a town hall meeting will be held at the Martin Luther King, Jr. Library in San Jose on Saturday, March 20, in order to raise home owners concerns against the secretive and ineffective practices of banks in property loan modification and foreclosure.

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Janice Hills, a San Jose resident, has been waiting for her loan modification because February 2009. Twelve months later she received a get in touch with from a loan underwriter supplying a loan modification package with payments only $ 20 less than her old loan payment. Now she has tiny alternative except to let go of the property or file for bankruptcy.

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However, Janice is not alone. Hundreds of thousands of homeowners across the nation face similar stories and thousands of households are heavily hit locally in San Jose.

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Foreclosure dont just effect the household who loses their property, they impact the stability of our neighborhoods,” said San Jose Mayor Chuck Reed on April 8, 2009.

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But, regardless of $ 75 billion offered to banks by the federal government to assist in preventing foreclosure by way of the loan modification procedure, new data released shows that the governments foreclosure prevention plan has been ineffective: mortgage servicers have delivered fairly couple of permanent modifications. Although a necessary Prepayment Trial Plan is supposed to last only for three months, ProPublica reported lately that about one hundred,000 homeowners have been stuck in a prepayment plan for longer than six months, some for as extended as 10 months, a lot more than 3 occasions the Obama Generating Residence Reasonably priced Applications recommendations, even though several have noticed their home foreclosed during the approach.

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The bailout is taxpayers’ money. It requirements to get out to the people on Main Street to preserve these properties, to protect these neighborhoods,” said California Assemblyman Alberto Torrico.

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Jenny Do, San Jose lawyer and cofounder of Home owners In Action, said: It is essential to halt all foreclosures on property loans unless they have been processed through the governments Residence Reasonably priced Modification System and exhausted lenders own alternative modification programs.”

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Michel Lopez, CEO of a nearby company, added: “Home owners in economic problems are victims of unfair and secretive banking practices. They are taxpayers who have contributed money to the bailouts and it is a moral obligation for bankers to rescue them back in return.”

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The goal of this town hall meeting is to let the people voice their stories and sign a petition demanding banks and mortgage businesses to be transparent and take instant action to avert the foreclosure of houses, that are affecting thousands of families in San Jose.

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Please join the forum with hundreds of other property owners to raise the concerns of the community and demand immediate services by banks and mortgage organizations to stop foreclosure.

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When &amp Where&#13

Saturday, March 20, ten:00 AM to 12:00 PM&#13

2nd Floor of the Martin Luther King, Jr Library&#13

150 East San Fernando Street, San Jose, CA 95112&#13

4th Street &amp San Fernando Street, downtown San Jose

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Speak to:

Thanks to an Effort by Persels & Associates, an Injured Police Officer and his Household had been Able to Ward off Foreclosure

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Baltimore, MD (PRWEB) March 23, 2010

Borrowers struggling to save their homes from foreclosure desperately want legal help, but that’s frequently when they’re least capable to afford it.

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The very good news for Carl and Roline Bouie was that they had a new and capable recruit in the legal battle they were fighting to maintain from losing their Grasonville house to foreclosure: Maryland Volunteer Lawyers Service (MVLS) volunteer Jim Persels, the principal of the consumer rights firm Persels &amp Associates, LLC. The not-so-excellent news was that Mr. Persels was enlisted to the trigger late on a Friday afternoon in mid-March, and the foreclosure was scheduled for 10 oclock Monday morning.

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The Bouies issues started when Carl, a police officer in Annapolis, was in

Stopa Law Firm Holding Totally free Foreclosure Seminar — Providing Free of charge Foreclosure Defense

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Tampa, FL (PRWEB) June 14, 2011

Mark Stopa, a prominent foreclosure defense lawyer who represents a number of hundred Florida home owners, is putting on a free of charge foreclosure seminar for Floridians, five of whom will get cost-free legal representation.

New Choices For Homeowners – The HAFA Program (Home Reasonably priced Foreclosure Options)

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San Diego, CA (PRWEB) April six, 2010

With foreclosures nevertheless increasing, interest prices probably to go up and the government’s HAMP loan modification plan stalled on the tracks, HAFA (the Property Affordable Foreclosure Options) initiative may offer lenders and homeowners with some light at the finish of the tunnel.

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An expansion of the Home Cost-effective Modification Plan (HAMP), HAFA offers a streamlined approach for quick sales and deeds-in-lieu that will allow property owners to discharge their 1st mortgage debt without the credit-destroying step of foreclosure. And, in a small stroke of governmental genius, it supplies a $ 1,000 incentive to banks to permit quick sales and a $ 1,500 bonus to home owners for the purpose of relocation.

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According to Brian Yui, CEO of San Diego actual estate brokerage HouseRebate.com, “This system could save countless homeowners from foreclosure. HouseRebate has a fleet of agents who specialize in quick sales. They are professional negotiators and are intimately familiar with the HAFA plan. It is critical for property owners who want to participate in this program to work with experienced agents to comprehend the best outcome.”

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The HAFA system, like its massive brother HAMP, has eligibility recommendations. The house should be the owner’s principal residence, the initial mortgage must predate 2009, the unpaid principal must be significantly less than $ 729,750 for a single-loved ones dwelling, the borrower’s monthly payment have to exceed 31% of their gross earnings, and the mortgage must either be delinquent or a default be reasonably foreseeable.

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As soon as these criteria are met, borrowers will receive pre-authorized quick sale terms from their lender, like the minimum acceptable proceeds of the sale, ahead of listing their property with a Realtor and have 120 days-with extensions permitted up to a total of 12 months-to sell their property. Primarily based on the brief sale agreement with the lender, HAFA needs house owners to be fully released from any future liability on their initial mortgage debt, and in some circumstances, subordinate debts, so that when the house is sold, the borrower is free of charge and clear of their mortgage.

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So is there a market for short sales? “We have cash purchasers lined up to take benefit of short sales,” says Yui of HouseRebate.com. These are men and women who are in a position to purchase distressed properties quickly, relieving home owners of their debt burden. It’s a win-win situation, one thing we have not observed for a although in this difficult market place.”

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The program ends on December 31, 2012. HAFA does not apply to FHA or VA loans. As with any government system, there is a good deal of paperwork, albeit standardized, so property owners wishing to take advantage of the relief presented must function with a Realtor knowledgeable in quick sales.

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HouseRebate.com, a member of the National Association of Realtors, is a full-service value true estate company that maintains a seasoned staff of agents. They provide all the services that traditional true estate offices offer you at discount costs, with decreased commissions on sale, and rebates of 33 percent on commissions of purchases. HouseRebate has agents who specialize in short sales and are familiar with HAMP and HAFA recommendations.

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Local Foreclosure Prevention (FP) Pro Dennis J. Rath Launches myfppro.com

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Rocky River, Ohio (PRWEB) April 14, 2010

What’s a homeowner to do when her spouse has lost his job, she’s going via a divorce, and her house is headed into foreclosure? Clevelander Jennifer R. knows: Contact Foreclosure Prevention (FP) Pro Dennis J. Rath.

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Rath of ERA Rath, REALTORS

Neighborhood Foreclosure Prevention Pro and Short Sale Specialist Dennis Rath Closes Another Mortgage Quick Sale

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Rocky River, Ohio (PRWEB) June 9, 2010

Nearby Foreclosure Prevention (FP) Pro Dennis J. Rath closed but another short sale this week, saving one much more worried homeowner from a credit-crippling foreclosure and providing him the opportunity to personal an additional residence up to seven years sooner than if hed lost his home to foreclosure like millions of other Americans.

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A record 2.8 million properties in the U.S. received foreclosure notices final year marking a 21% jump from 2008 and 120% jump over 2007 foreclosures, according to RealtyTrac, an Irvine, Calif.-based real-estate data organization. And 2010 is shaping up to be A lot much more of the identical: RealtyTrac predicts 4 million much more foreclosures is a real possibility this year with correct recovery three years away.

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Appropriate now, there are so numerous borrowers 90 days or a lot more past due on their mortgages that the banks have Another Cleveland-area homeowner avoids foreclosure and saves significant money et to commence the foreclosure method on 1.2 million properties, notes Dennis J. Rath, accredited by Harris University as a Short Sale Professional. Unfortunately, most of these houses soon will go the incredibly pricey foreclosure route. Dont wait one more minute to contact a Foreclosure Prevention Pro like me. For every fairy-tale/quick sale ending, there are 5 Nightmares on Elmstreet that could have been prevented with the early intervention of an FP Pro.

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Rath one of the first skilled REALTORS

Phoenix East Valley Real Estate Agent Jason Hall Offering Specialized Services for Foreclosure and Quick Sale Victims

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Chandler, AZ (Vocus) July 1, 2010

Despite the fact that the housing market has really taken its toll on so a lot of Americans, Chandler, Arizona real estate agent Jason Hall is doing his greatest to remediate the method of foreclosure and brief sale victims buying a home. As an specialist in Phoenix-East Valley genuine estate, Jason Hall is operating with foreclosure and quick sale victims by helping them utilize the positive aspects of programs such as HAMP and HAFA.

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HAFA is a portion of HAMP (Residence Inexpensive Modification Program) which was developed by the United States Treasury Department in order to help certified home owners in avoiding foreclosure by way of a brief sale or deed-in-lieu. This method is developed to get lenders to quickly and effectively support eligible home owners conduct a quick sale or deeds-in lieu by supplying financial incentives to investors, lenders and homeowners who make obtainable foreclosure options by way of the HAFA recommendations.

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Jason Hall is carrying out his ideal to support Chandler/Gilbert brief sale and foreclosure victims take benefit of these provides, but is also encouraging these with access to Hedge funds and big financial pools to support create a recovery loan. If done effectively, this can truly help these that have been victimized by brief sale and foreclosure over the previous 3 years as well as rebuild the private sector and generate large profits.

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As a local Arizonan, Jason Hall understands the optimistic effect this could have on the surrounding community. He is not only doing his greatest to aid make use of programs created by our government, but also doing his element to assist his community get back on its feet. With the focus of these efforts on helping individuals in need rather than acquiring clients, Jason Hall hopes to see wonderful success from these applications.

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About Jason Hall: Jason Hall is a multi-award winning genuine estate agent in Chandler, AZ with more than 10 years of encounter in the sector. As an expert on short sales in Arizona, Jason Hall is dedicated to finding the excellent homebuyers of all varieties. For far more info on Jason Hall, HAMP, HAFA or featured listings in Arizona contact 480-703-4117 or visit http://www.AZHomeInfoSource.com.

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Free of charge Foreclosure Defense from Stopa Law Firm

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Tampa, FL (PRWEB) June 23, 2011

Mark Stopa, a prominent foreclosure defense lawyer who represents a number of hundred Florida property owners, is providing totally free foreclosure defense to 5 Florida property owners.

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Stopa Law Firm is providing the cost-free representation as element of a foreclosure seminar on Saturday, June 25, 2011 at 11:00 at Hyatt Spot / Westshore, 4811 W. Principal Street in Tampa. Mr. Stopa intends to speak about a range of foreclosure-connected subjects, including strategic default, loan modifications, quick sales, bankruptcy, and other “hot button” foreclosure concerns.

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“I have observed also many awful foreclosure stories – elderly couples forced to choose among mortgage payments and medicine, households with a wheelchair-confined or cancer-stricken kid. I want to aid property owners in the most dire of situations, and for five of them, I will do it for totally free,” stated Mr. Stopa.

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Property owners who are facing foreclosure and struggling financially are encouraged to attend the seminar. Even if they aren’t 1 of the 5 selected for free of charge representation, Stopa Law Firm believes all homeowners will realize the benefits of cost-effective legal representation.

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“I’ve usually had consumers tell me they could not locate a foreclosure lawyer they could afford till they located Stopa Law Firm. That is my aim – I want to assist home owners who otherwise wouldn’t be capable to afford a competent foreclosure lawyer.”

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Stopa Law Firm has been representing home owners facing foreclosure since 2008. It has offices in Tampa, Orlando, Ft. Lauderdale and Jacksonville. Stopa Law Firm can be reached at 888-450-1549 or http://www.stayinmyhome.com. Mark Stopa often contributes to a foreclosure blog, which can be discovered at http://www.stayinmyhome.com/blog.

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Much more Loan Modification Press Releases

Michigan Mortgage Negotiators Offers Cost-free Seminar On “The Six Legal Ways to Keep away from Foreclosure” and how to Successfully Modify your Mortgage

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Grosse Pointe, MI (PRWEB) September 23, 2010

Did you know that 85% of all property mortgages written amongst 2000 and 2008 have a single or more substantial violations of federal or state law that will assist you get your mortgage modified.

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The seminar will also offer an in-depth appear at mortgage modifications and offer participants with info on how to get a successful and beneficial loan modification. The seminar will cover the Truth in Lending Act (TILA) and the Genuine Estate Settlement Procedures Act (RESPA) and how minor violations of either act can give the homeowner powerful leverage in dealing with their bank or mortgage lender. Mark Wilk Law will also discuss forensic loan audit techniques and its value as a tool to assure a successful modification or, in some situations, providing the homeowner the chance to cancel their mortgage and receive a full refund of all money paid to the lender from the starting of the mortgage.

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According to attorney, Mark Wilk, founder of Michigan Mortgage Negotiators, 85% of all mortgages written in between 2000 and 2008 have a single or far more important violations of federal or state laws. It is these violations that give the avenue for homeowners to receive a quick and advantageous mortgage modification.

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Banks and mortgage lenders have no incentive to take a proactive method in assisting property owners solve their economic problems mentioned Wilk. Banks would rather put a family members out on the street then attempt to find a way to hold the loved ones in their property and nevertheless gather some income.

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Our seminar makes it a lot less complicated for home owners to learn about the possibilities and tools obtainable to support them by means of their financial issues from an organization devoted to serving the homeowners demands rather than trying to pick up data on their own. Wilk added. If the homeowner invests two-hours listening to the material presented, he or she will know enough to be capable to make the decisions needed to save their house, cease foreclosure and get back on strong monetary ground.

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To register for this totally free seminar on Saturday, October 9, 2010, please pay a visit to our net site at http://www.markwilklaw.com and click on UP-COMING EVENTS to register, or call us at 586-404-0076. Pre-registration is suggested.

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Michigan Mortgage Negotiators, LLC, a division of Mark Wilk Law, PLLC, and its attorneys offer mortgage modification, forensic loan auditing and litigation solutions to home owners in Wayne, Macomb, Oakland, and Livingston counties of Michigan who are in need of a mortgage loan modification to save their residence from foreclosure. We also supply litigation services to homeowners who are the victims of predatory loan practices, unscrupulous brokers and mortgage lenders.

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If you would like a lot more data about this subject, or to schedule an interview with lawyer Mark Wilk, please get in touch with Mark at 586-404-0076 or e-mail him at markwilklaw(at)att(dot)net.

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