Tag Archives: Foreclosures

Foreclosures, Short Sales, Selling Stategies for Condos and Homes are covered in “Selling Houses and Condos in the Housing Emergency / Housing Crisis of 2008” by Joseph Russo

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NC (PRWEB) March 30, 2008

“Selling Houses and Condos in the Housing Emergency / Housing Crisis of 2008”, a new book by Joseph Russo, covers how to sell your residence or condo. Foreclosures, brief sales, mortgages, credit reports and other associated subjects are covered in this book published by Outskirts Press.

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This is the initial book that focuses on helping very first time residence sellers as effectively as seasoned sellers who by no means experienced this sort of market. Prior books focused on very first time residence purchasers who are now certainly 1st time property sellers and need to have guidance in this marketplace.

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Joe Russo has seasoned Actual Estate industry cycles over 35 years in the Real Estate enterprise and emphasizes that banks do not want your house. Banks do not want to foreclose and are quite anxious to support homeowners with loss mitigation procedures.

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He refers to the existing situations as the “Best Storm” of financial chaos which is projected to cost well over eight trillion dollars ($ eight,000,000,000,000) in lost equity globally.

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The loss in property equity has occurred not only in the US, but has been felt about the Globe as nicely. Most notably impacted are Home owners in Australia, Canada, England and European Nations that presented sub-prime goods, or have investors in mortgage-backed securities.

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The concentrate of the book is selling your property in 2008, as well as saving your property by way of genuine assist programs now accessible to property owners. There is a listing of resources listed by State on his Net web site, which is updated everyday http://www.AmericasBestAgent.com.

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Promoting methods, foreclosures, quick sales, mortgages, stroll away sellers, state licensing troubles, foreclosure help, foreclosure help, foreclosure rescue scams, “upside down” mortgages, credit report issues and other associated topics will be covered in detail on this devoted web site.

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This book was written particularly to assist the sellers get previous this hard phase of the genuine estate cycle. It is meant to assist “skilled” home sellers, as properly as very first time property sellers. Walking away from your property should not be an option. Aid is accessible.

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A Internet internet site has been established for day-to-day updates and developments with respect to all elements of the present Residence Ownership Crisis. The Web site delivers unlimited access to all book readers free of charge. The Net internet site will offer additional property and condo selling details, as properly as data to home owners in economic distress. E-book versions are also obtainable for buy.

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Sources on the Net internet site will incorporate genuine foreclosure support agencies, loan modification strategies, credit report resources, state contacts for licensing questions and complaints, and a discussion board for the sharing of data.

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Foreclosure rescue scams and FBI investigations of fraudulent mortgage practices will be covered as nicely.

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In order to get the word out as swiftly as possible, the book is simple to read and the author has avoided making use of complicated charts that would serve no goal in assisting homeowners sell their house. The book is concise and recommends basic ideas for sellers.

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Joe Russo is planning a series of National Media appearances to inform the public of reputable support applications that are offered.

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Joseph Russo is an active prime creating true estate agent in North Carolina, with more than 35 years expertise in genuine estate sales, appraising and mortgage placement.

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Unlimited Access and Every day Updates on my site with book password http://www.AmericasBestAgent.com.

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Check out the Web site and Purchase direct from the author with totally free shipping at http://www.AmericasBestAgent.com.

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I Short Sale, Inc. to Present at Upcoming “25 Items You Need to Know to Profit off Quick Sales and Foreclosures” Seminar

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Orange, CA (PRWEB) August 10, 2008

Eli Tene and Raffi Tal, directors of I Brief Sale, Inc. (http://ishortsale.com), shall be important spokesmen at Solomon Financial’s annual seminar on August 23rd at Anaheim’s Double Tree Hotel. With over 50 years of combined expertise, the I Quick Sale team will be sharing their insider expertise on short sales, loan modifications, and investment prospects to those fortunate enough to be in attendance.

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Solomon Economic and I Brief Sale, Inc. demonstrate that in instances of distress there are amazing opportunities to be had as they explore:

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1. Foreclosures &#13

2. Short Sales &#13

three. Why a Bank Would Want to Modify Your Loan &#13

4. Queries to ask your agent when performing brief sales &#13

five. How to Select the Right Loan System &#13

6. Auction Properties &#13

7. What You Require to Know in Today’s Market &#13

eight. Buy &amp Hold Strategies in the Prime ten Appreciating True Estate Markets

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Inside the subsequent 2 years, Real Estate Gurus are saying that we could see some of the best getting opportunities much more than any other time in Real Estate History. “If you buy true estate at the right price, it doesn’t matter when you get. The fundamental rule of any investment, such as genuine estate, is to purchase low and sell high. We are just on the front end of all these foreclosures taking place!” says host Fred Solomon.

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Guests are encouraged to take benefit of free registration by visiting http://www.freemoneyhour.com/webinar6.php. The occasion will be taking spot Saturday, August 23rd, 2008 from 9:30 am to 12:30 pm followed by 1 hour of Q &amp A session. The Doubletree Hotel Anaheim/Orange County is located at one hundred The City Drive in Orange, California 92868

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Loan Modifications Grew 422% In Utah Whilst Foreclosures Sales Enhanced 359% – House Values To Fall 30%

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Pleasant Grove, Utah (PRWEB) January 22, 2009

House loan modifications surged significantly in Utah in the 3rd quarter of 2008 a 422% boost. Loan modifications continued to grow much more swiftly than other loss mitigation approaches, as banks and thrifts worked with borrowers to keep them in their houses, although minimizing losses. Nationally the number of new loan modifications improved 16 % in the third quarter to much more than 133,000. Nevertheless, there remains a large gap among the number of new foreclosure actions began and the quantity of foreclosures which are avoided by loan modifications.

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To support close this gap Sean Walker announced the formation of HomeSaversUtah (http://HomeSaversUtah.com). Sean Walker, President of Very good Neighbor Loans, LLC, (http://gnmloans.com), stated, “my purpose for starting HomeSaversUtah is to support folks, who uncover themselves on the verge of losing their house, steer clear of foreclosure, by renegotiating their loans by means of loan modification.”

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Forbes reported that Just more than a year ago, house rates in Salt Lake City have been nevertheless rising, even though they had been falling just about everywhere else. By the third quarter of 2007, the median residence sold for $ 247,000 versus $ 203,000 in 2006. Rates have not fallen significantly yet the median cost in late 2008 was $ 230,000, according to the National Association of Realtors, but Salt Lake City, which is surrounded by some of the greatest ski resorts in the West, is just beginning to feel the effects of the drop-off in second-residence buying. Rates are set to fall 29% over the subsequent two years, according to Moody’s forecasts.

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Sean mentioned, as a loan broker and actual estate agent, “I know how individuals are suffering in a quickly changing economy and they want help to keep the dream they have worked so challenging to achieve, a house for their household.” HomeSaversUtah.com was founded to support them. Foreclosures continue to rise and with the predicted drop in housing values the need to have for functioning out options with banks, which will keep folks in there residences is a benefit to both lender and home owners.

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Mr. Walker described “There are approaches that loans can be restructured with lenders to reduce payments, by extending the period, lessen interest, or minimize principal owed.” “Owners require to comprehend they have alternatives and must act speedily, when they get behind in their payments to work with their lender to steer clear of the loss of their residence.” “HomeSaversUtah.com is devoted to do the negotiation on the house owners behalf” and provides a totally free evaluation to property owners of the possibilities and options open to them. (http://user270264.websitewizard.com/secure-evaluation-form.html). HomeSaversUtah also offers self help data on their net website and encourages those in need to educate themselves with the cost-free self assist data (http://homesaversutah.com/sources.html).

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Speak to:&#13

Sean Walker&#13

Senior Loan Modification Counselor&#13

888 928 8228&#13

http://homesaversutah.com/

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New Release Shows Brighter Side of Foreclosures, Quick Sales and Loan Modifications in Light of True Estate Mess

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Grand Rapids, MI (PRWEB) March 23, 2009

Grand Rapids, MI — Despite the rough financial occasions and record foreclosure numbers, there has never ever been a far better time to get and invest in genuine estate. But this new actual estate marketplace has brought new guidelines, and with it a host of new dangers for those who enter ill-prepared.

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“Even though there are undoubtedly individuals hurting out there, banks and mortgage lenders are seeking to make bargains any way they can,” stated Chip Cummings, 27-year business professional and ideal-promoting author. “With the new guidelines for short sales and loan modifications, the possibilities out there for investors and even first-time homebuyers are the very best we’ve seen in decades. But you have to know what to appear for, and much more importantly, what to ask for.”

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Dabbling in the true estate foreclosure and the quick sale industry is not for the faint of heart. Such are the lessons in Cummings’ new release “Cashing In on Pre-foreclosures and Short Sales – A True Estate Investors Guide to Creating a Fortune, Even in a Down Marketplace” (Wiley). In this his sixth book, Cummings teaches readers how to effectively evaluate both the potential and the dangers involved with a foreclosure house, and reveals a particular 17-step strategy for negotiating short sales, loan modifications and sales agreements that result in win-win transactions for sellers and mortgage lenders – as properly as the buyer.

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The book comes total with updated foreclosure suggestions and dozens of prepared to use letters, forms, worksheets, agreements and checklists to support both genuine estate pros and novices alike navigate the occasionally muddy and turbulent waters of the foreclosure and quick sale process. Tapping into a vast network of real estate and organization professionals, Cummings also shares a wide range of downloadable resources for those hunting to construct wealth for the duration of these difficult financial times.

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Access to these downloads, as properly as electronic copies of all the foreclosure, quick sale and loan modification types and letters can be identified at the “Foreclosure &amp Quick Sale Resource Download” Web page

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“Cashing In on Pre-foreclosures and Short Sales” is now available in bookstores nationwide or on the web by way of Amazon, Barnes &amp Noble and other retailers. Author Chip Cummings has appeared on main networks such as FOX, NBC and ABC and is accessible for interviews or appearances upon request. A media kit is offered at “Chip Cummings Media Area”, or by calling Northwind at (866) 977-7900.

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S. California Foreclosures Drop Over three Percent In February 2009

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Mt. Pleasant, PA (PRWEB) March 26, 2009

Default Research, the premier provider of preforeclosure real estate data in Southern California, is reporting that Notice of Defaults and Notice of Trustee Sales recorded in Southern California dropped 3.54 % from February 2008 to February 2009. For far more detailed Southern California region foreclosure statistics listed by county, please check out http://marketplace.defaultresearch.com

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Housing indicators show a continued reduce in house inventories while median house rates are beginning to level out,” said Serdar Bankaci, founder of Default Study. “With the complete effects of the numerous stimulus packages, along with the president’s new Mortgage Modification plan, we may possibly begin to have some hope for the housing market place.”

A single Organization Helps To Legally, Ethically, and Affordably Rescue Families from Pending Foreclosures

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Tampa, FL (PRWEB) April 6, 2009

Amid all of the tragedy, doom, and gloom one particular organization, HomeSaverProgram.org, is offering homeowners like Jamillah Reed its personal productive sort of foreclosure rescue strategy.

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Reed, a single parent with two kids who owns a home in Florida learned about loan modification 1st-hand, while trying to save her personal home that was scheduled to foreclosure in February 2009. “Then they moved the sale date up to December 2008,” she explains. “I lost weight. My hair was falling out, and I couldn’t sleep.” Reed requested a loan modification herself, but her lender delayed for about six months and then told her she was ineligible. So she contacted HomeSaverProgram.org and the organization assigned a group to push the case on her behalf. Quickly the mortgage organization agreed to a loan modification that stopped the foreclosure.

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Reed’s interest rate was slashed from 11.50 percent to four.50 percent and the loan was changed from a high-danger adjustable rate loan to a reliable fixed rate mortgage. The house payment also fell much more than 45 percent, from $ 1,490 to $ 798.

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Loan modification is a method that includes altering the terms of the existing mortgage to make it easier for the borrower to make payments on time with no unnecessary hardship. Loan modification occasionally enables the borrower to make smaller month-to-month payments or pay the loan back over a longer period of time – which also benefits in lower month-to-month payments. A loan modification can even mean that the lender agrees to forgive missed payments or lessen the total amount of the principle or outstanding balance owed on the mortgage.

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As part of his strategy to attack the foreclosure crisis, President Obama launched the Residence Reasonably priced Modification Plan. Beneath the new initiative, millions of borrowers who are present on their payments but are afraid of falling behind – and millions who have currently missed one particular or much more payments – may be eligible for a loan modification that reworks the terms of the original loan to make it far more manageable.

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The techniques to resolve a foreclosure circumstance are many, but the possibilities to do it are restricted. Anybody trying to save a residence ought to act swiftly, and get as significantly professional assist and legal guidance as possible in order to ensure that the work succeeds. Otherwise it is typically also late to try once more.

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“I understand how people just sit back and do nothing at all, but that’s not the answer,” says Reed, who emphasizes the value of acquiring aid quick. “I faced my problem just in time and that is the important. Reach out for aid, because it truly is possible to save your house.”

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Top Loan Modification Lawyer Blasts Federal Government’s Efforts to Cease Home Foreclosures

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Extended Beach, CA (PRWEB) June 2, 2009

Consumer advocate and Loan Modification Attorney, Joseph Hoats, these days warned Americans facing feasible foreclosure to be “guarded and cautious” about Federal Government promises to streamline the Loan Modification approach. According to Hoats, “I find programs like the Hope For Homeowners initiative to be practically nothing far more than a failed token gesture that has misled the public into believing that the government is going to protect them. The truth is that the program calls for lenders to do completely nothing for the homeowner, and consequently, they rarely do.”

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Incredibly, the 300 billion dollars earmarked for the Hope for Home owners plan offered relief for 1 single homeowner in the first seven months after it was launched. Lately the program was amended by Congress to make it more “attractive” to lenders, but as Hoats states, “The program still has no teeth, no directive to force lenders into delivering relief for consumers falling additional behind in their payments. This is deplorable and does not serve the men and women, but protects the reckless financial institutions that produced the difficulty in the first location.”

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Whilst Hoats is crucial of government efforts, he continues to give genuine Hope for Property owners with his proprietary Homeowner Stability Solution. Hoats commented, “While the government has been fumbling for answers, we offer extended-term options for our clients that hold them in their houses whilst avoiding foreclosure. We just utilize frequent sense and the legal program to navigate our way to achievement, and we do it each day”

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His confirmed, cutting-edge system protects the rights of financially distressed buyers by minimizing month-to-month mortgage payments whilst avoiding the painful approach of foreclosure. Unlike refinancing programs, the remedy does not demand credit checks, higher FICO scores, appraisals, down payments or closing charges.

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According to Mr Hoats, “Our standard client has skilled some economic hardshipa job loss, earnings reduction, divorce or health-related difficulty that makes it tough to pay the month-to-month mortgage payment. In some cases, the mortgage may possibly have adjusted to a greater interest price. Additionally, the property worth might have dropped drastically although the current financial crisis has brought on the homeowner to miss a single or far more loan payments. These are good, tough-functioning, household-oriented Americans who have fallen on challenging occasions, via no fault of their personal, and they need compassion, assist, and a legal game strategy to save their home and quit Foreclosure”.

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After careful evaluation of each case by Hoats and his group, a custom Homeowner Stability Resolution is initiated, working out the client’s legal rights while shielding the homeowner from the lender’s collection tactics. As Hoats says, “Our job is to safeguard our consumers even though designing and executing a strategy that solidifies their future as a homeowner. The outcome is typically amazingresults may possibly contain lower payments, fixed terms, forgiven back payments and penalties plus peace of mind.”

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Even though current data continues to indicate that the mortgage crisis is far from more than, Hoats warns that now is the time for homeowners to take action. “These are unprecedented instances that call for shoppers to proactively protect their rights as homeowners. With out legal representation, consumers will continue to be manipulated and mislead by lenders and collection agents, and even their personal government. Home Stability is focused on options that are in the very best interest of the customer, not the lender’s best interest.”

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For extra information about Joseph Hoats or to take advantage of a complimentary, no-obligation Loan Modification analysis, pay a visit to http://www.homestability.com.

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About Joseph Hoats

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With more than 20 years of knowledge as an Lawyer, Joseph Hoats has worked for the rights of the customer all through his career. Functioning together, his group of committed professionals has perfected the Loan Modification approach with the introduction of their proprietary Homeowner Stability Solutiona systematic method responsible for keeping hundreds of distressed Property owners in their properties and avoiding foreclosure.

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Joe is a graduate of Vanderbilt University and has practiced law for over two decades. He has litigated in the regions of True Estate Law, Bankruptcy Law, Foreclosure and Loan Modification, Trust Law, Probate Law, Organization Law and has comprehensive knowledge with Litigation in State and Federal Courts. He is an active member in very good standing with the State Bar of California, State Bar #141599.

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Far more Loan Modification Press Releases

The National Mortgage Complaint Center Desires To Group Up With Actual Law Firms To Assist Homeowners With Loan Modifications and Foreclosures

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Washington, DC (PRWEB) June 22, 2009

The National Mortgage Center is 1 of the most quoted sources in the US on predatory mortgage lending and the group is initiating a campaign to list true law firms on its web web site, in order to get genuine assist for homeowners needing a loan modification, or foreclosure assistance, in each and every US State. The group is saying, “we are sick and tired of the phony Television ads, the misleading radio commercials, and the fraudulent web sites, supplying loan modifications, and/or foreclosure relief from non attorneys. We want to place an finish to this by listing true attorneys or law firms in each and every state that actually have the ability to assist consumers with loan modifications and/or foreclosures.” For a lot more details, lawyers or law firms that have a practice location in true estate, foreclosures, bankruptcy, or brief sales ought to contact the National Mortgage Complaint Center at 866-714-6466, or get in touch with the group by means of its web internet site at Http://NationalMortgageComplaintCenter.Com.

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From a credibility standpoint, the National Mortgage Complaint Center actually has been featured on CNN, NPR, or in Newsweek Magazine, Funds Magazine, the Wall Street Journal, Excellent Housekeeping Magazine, CNN Income, The Los Angeles Instances (As The Great Watchdog), CBS Market Watch, and many other publications. According to the group, “we expect the 2009 and 2010 foreclosure situation to get worse, and we need real attorneys or law firms to aid these folks.” For much more info law firms or attorneys can make contact with the National Mortgage Complaint Center at 866-714-6466, or speak to the group by means of its web web site at Http://NationalMortgageComplaintCenter.Com.

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According to the National Mortgage Complaint Center, “we want to place the phonies out of company we intend to list attorneys or law firms in every single state that have the suitable skill sets to support home owners with mortgage or foreclosure concerns, and we will do weekly press releases for years to make positive shoppers in their state know where to go or how to get support. The group will let no much more than two law firms in each state to participate this initiative is based on first come, very first come, 1st serve, and its intent is to really get some support for homeowners in what could be the worst mess of their life. The expense for participation is $ 425 for a law firm, and the law firm must be primarily based in the state it delivers the foreclosure, loan modification, bankruptcy law, or quick sale help. For much more information law firms that specialize in genuine estate law, bankruptcy law, foreclosures, brief sales, or customer law need to contact the National Mortgage Complaint Center at 866-714-6466, or speak to the group at its net web site at Http://NationalMortgageComplaintCenter.Com.

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If a genuine estate specialist or law firm knows of a colleague with these specialties, please share this press release with them.

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A lot more Loan Modification Press Releases

American Residential Law Group Says Foreclosures Could Hit 3 Million in 2010

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Ft. Lauderdale, FL (PRWEB) January 22, 2010

American Residential Law Group, the Ft. Lauderdale-based law firm reports that it expects observed record increases in foreclosures coming in 2010, reaching as many as 3 million.

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“The U.S. Treasury Division was unsuccessful in current negotiations with the country’s biggest financial institutions to procure contracts requiring participation in a second mortgage modification program to decrease the number of housing foreclosures this year, which could hit record numbers,” says says Joel Jacobi, founder and lead attorney for ARLG.

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Leading lenders, such as Bank of America and Wells Fargo, currently hold a combined $ 1.05 trillion in residence-equity debt, a figure so enormous it threatens to again disrupt housing stability and lead to 3 million foreclosures this year, right after contributing to the two.eight million in 2009, Bloomberg reports.

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Jacobi says that he believes a second, a lot more robust loan modification program will quickly be authorized. “Mortgage modifications are set up to help homeowners that are facing foreclosure,” says Jacobi. “Foreclosure is extremely costly to both the bank and the homeowner. No one particular wins. We operate to delay foreclosure, to renegotiate the mortgage with the bank, so that a homeowner can stay in its house and so that a bank doesn’t have the burden of yet yet another foreclosed home.”

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According to Meg Reilly, a Treasury Division spokeswoman, the banks pursuing negotiations seem “committed” to joining a second mortgage modification program, even though progress is slow.

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American Residential Law Group processed far more mortgage loan modifications in the fourth quarter of final year than any other quarter thus far. Yet despite their record boost in home loan modifications made to avert foreclosures, foreclosures in the U.S. nevertheless hit an all-time high in 2009. “This indicates to me that there are several homeowners who are not aware that there may possibly be loan modifications accessible to help them,” Jacobi said.

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American Residential Law Group is a extremely-regarded law firm that specializes in foreclosure prevention and litigation. It serves clients across the United States from its offices positioned in Fort Lauderdale, Florida. They can be reached by calling (877) 236-6576 or by visiting arlgnow.com.

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Related Loan Modification Press Releases

HomeAssure Launches to Cease Home Foreclosures With HomeAssure Home owners Can Save Their Properties

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New York, NY (PRWEB) October eight, 2007

The most crucial issue in stopping foreclosure is speed. Alternatives grow to be a lot more limited and complicated with time. A newly launched firm, HomeAssure, is committed to saving residences by supplying instantaneous service, exceptional worth, and honesty. With a team of committed professionals and seasoned relationships with lenders, HomeAssure negotiates with mortgage firms to offer homeowners with all accessible alternatives for stopping foreclosure.

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With foreclosure, property owners danger loved ones instability, loss of property and equity, adverse credit ratings, and possible lawsuits. There are many factors for foreclosure including increasing interest prices, unemployment, personal tragedy, and wellness problems. HomeAssure’s counselors negotiate with lenders and create personalized solutions such as reinstatement or repayment plans, loan modification, restructuring, or refinance, forbearance agreements, and pre-foreclosure sales.

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HomeAssure also teaches homeowners how to avoid the re-financing trap. Virtually absolutely everyone facing foreclosure will be turned down for new financing and typically will not find out till it’s as well late to save their property. If refinancing is an option, answers will be provided inside 48 hours and foreclosures postponed till closing.

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HomeAssure guarantees its’ commitment and promises to customers. In the unlikely situation that they are unable to negotiate a satisfactory program with a lender or provide a viable strategy to steer clear of or stop foreclosure, clientele will be completely refunded.

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With HomeAssure, property owners have absolutely nothing to lose and every thing to obtain. Stop foreclosure, get foreclosure help. Pay a visit to http://www.homeassure.com or get in touch with quickly 1-866-598-Hold (5337) for info and a free of charge consultation.

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Make contact with: Rachel Santana, 646-345-3382

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