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LoanSafeMods.com: REST Report Assists Home owners Who Are At present Struggling With The Modification Procedure

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San Diego, CA (PRWEB) April 14, 2013

LoanSafeMods.com is expertly equipped to aid property owners uncover solutions to their mortgage modification issues with the REST Report. The REST (Real Estate Services and Technologies) Report is a third celebration analysis tool that pools data from all offered government and non government loan workout applications (including the HAMP and HARP programs) and compares this information with the mortgage and financial information of the homeowner in order to show them specifically which modification programs they do or do not qualify for.

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So far the REST Report has helped thousands of households to steer clear of foreclosures and save their houses. Some of these folks have posted their stories via video critiques on LoanSafeMods.com. One particular newly posted video features Linda, a single mother who lives in Oceanside with her young daughter.

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Linda sought a mortgage modification when alimony payments from her ex husband stopped due to him losing his job. Without the support from these payments she knew she would be unable to keep up with the monthly mortgage payments for long, and so she submitted her application to her bank.

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Sadly, as a lot of people have identified out, acquiring a mortgage modification request approved is not constantly that straight forward. In Lindas case the bank kept asking her to resubmit documents or even her entire application package. Linda says in her REST video overview, “It was so perplexing to me simply because I had adequate revenue, I had all the criteria and they kept telling me ‘You have to resubmit, it really is been 3 months. You have to send in a new application.’ I feel I applied at least 3, perhaps 4, times!”

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Linda was not confident what to do. She didnt know if there was anything incorrect with her application and with no communication from her bank, she really didnt know how she would discover out. Linda lived with the worry that she would lose her property to foreclosure for practically two years as her bank continued to hold her application as below review.

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Lastly, nonetheless, Linda found the REST Report and from then on factors began producing a lot more sense for her. She says in the new video, When I initial heard about the REST I wasn’t certain what it was going to be, but I knew I needed to understand the numbers greater since no one particular at the bank was explaining it to me. So I had a REST Report accomplished and I looked at it and it was the first time that the method made any sense to me. It was extremely helpful!

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When she saw the good final results of her REST evaluation, Linda was extremely happy. She says, I was actually excited when I saw that I qualified in the REST Report because no a single at the bank would inform me what was going on. And there it was in black and white the numbers produced sense! So it was just a matter of getting it to the appropriate person at the bank and it was a completed deal inside a few weeks.

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The modification granted after Linda utilized the REST Report lowered her monthly payments from $ 3,000 to $ two,100. At this price, Linda can continue to raise her daughter in the home she grew up in and which they are each comfy and satisfied with.

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For much more info on how the REST Report can aid property owners that are presently struggling with the modification method, please go to LoanSafeMods.com.

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LoanSafeMods Team Keeps Family In Their Home With The REST Report

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San Diego, CA (PRWEB) April 18, 2013

LoanSafeMods.com helps families to stay in their homes even when foreclosure seems imminent. The team at LoanSafeMods does this by providing the REST Report (Real Estate Services and Technology Report) which is a third party analysis tool that shows all possible foreclosure alternatives and can be used to find the best options, prove worthiness of a modification request to a loan servicer, or even stand as proof in a court of law if a modification that was clearly qualified for was denied.

The LoanSafeMods team of homeowner advocates takes homeowners each step of the way; from getting the REST Report done to reading and understanding the analysis and from initializing loan modification request to seeing the process through and ensuring that all is done to get the modification granted. Thousands of homes have already been saved from foreclosure or short sales thanks to the rest report and families that would have otherwise been forced to leave their homes were able to stay in the houses they love.

One homeowner that was greatly helped by the REST Report program is Ron, a single father of two who works as an EMT and lives in San Diego. His story can be found in a new REST Report review video that was recently posted on the LoanSafeMods website.

In his review, Ron explains how things got hard for him financially and how he tried to apply for the Make Home Affordable Program on his own. He found, however, that the bank was impossible to deal with alone, as they continuously asked him to submit new documents and on numerous occasions even lost the paperwork he had sent in and needed him to resend it.

This was frustrating and stressful and so Ron says that he decided to pay up front for a service that promised to help him get his modification granted. However, this firm was not able to do what they had promised and Ron lost his money and got into danger of foreclosure due to the advice given him by this company.

Ron says in his review, “What scared me the most about everything was everyday not knowing if someone was going to come knocking at my door telling me to get my stuff out. It was just me and my kids. We had no where else to go.”

After nearly three years of getting the run around, Ron was ready to quit. Luckily he found the REST Report and the team and LoanSafeMods helped him to reapply for the modificaiton. After years of trying to get his request approved, within a few short months of running the REST analysis, Ron got the modification.

The new mortgage terms under the modification reduced Rons principle by more than $ 350,000 and cut his monthly payments in half. Ron couldnt be happier. He says in his video, “I’m so glad I stuck it out” he adds “I just want to thank everyone who just went out of their way to do a fantastic job and do it quickly! They know what they’re doing and the right way to go about it and they get great results. Thank you!”

For more information on the REST Report and for more REST reviews from real homeowners, please visit LoanSafeMods.com.







Queens Bankruptcy Attorney Bruce Feinstein, Esq. Discusses Updates to the Home Affordable Refinance Program

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Queens, NY (PRWEB) May 08, 2013

The Federal Housing Finance Agency announced that it is extending the Home Affordable Refinance Program (HARP) through December 31, 2015. HARP was set to expire at the end of 2013. As a bankruptcy lawyer in Queens, New York, Bruce Feinstein, Esq. answers many clients questions about their homes and how to keep them during financial strife. Oftentimes their houses are underwater, or worth less than the amount owed on their mortgage, and HARP can be a valuable source of aid.

Mr. Feinstein explains that programs like HARP help owners with mortgages through Fannie Mae and Freddie Mac refinance their home loans. Certain criteria need to be met before assistance can be given. Fannie Mae or Freddie Mac must own the mortgage in question, and it needs to be from before May 31, 2009. The homeowner must also be up to date on mortgage payments, and the current loan-to-value ration needs to be larger than 80%.

Individuals who qualify for HARP can refinance for a mortgage with a lower interest rate, lower payment, or even a shorter mortgage period. This alleviates much of the pain associated with an underwater home. The FHFA extended the program because it knew that HARP helped both troubled homeowners and lenders. According to a recent article on HousingWire, as of January 2013 over 2.2 million borrowers have refinanced using HARP since it began in April 2009.

While this is great news for those involved with Fannie Mae or Freddie Mac mortgages, there are still many homeowners who dont qualify. Mr. Feinstein says that there are options avilable to those who are at risk for foreclosure or repossession. Chapter 13 bankruptcy will stop foreclosure proceedings and give the homeowner the opportunity to create a new payment plan and keep their home. A loan modification will change the terms of a mortgage in order to make the loan payments more affordable and avoid foreclosure. Or the homeowner can go through a short sale, in which they agree to sell the property for less than the remainder due on the mortgage, with the proceeds going to the lender.

There are various options available to people struggling with mortgage payments. Fortunately, HARP will be around through 2015 to offer more assistance to homeowners. And other options ranging from filing for bankruptcy to applying for loan modification can help at-risk homeowners. Every case in unique, so Mr. Feinstein recommends working with an attorney to find the best financial solution.

Bruce Feinstein, Esq. has worked with hundreds of individuals to help them avoid foreclosure. Mr. Feinstein and his team, located in Queens, New York, work with clients throughout Kings, Queens, and Nassau counties. Visit the Law Offices of Bruce Feinstein, Esq. at http://www.bfeinsteinesq.com or call (718) 514-9770 to reach his New York office.







Homeowners Consumer Center Warns Millions Of US Citizens Who Have A Home Mortgage Worth More Than The Home’s True Value-Don’t Get Taken By A Loan Modification Scam

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(PRWEB) July 16, 2012

The Homeowners Consumer Center is one of the premier homeowner advocates in the United States, and they are warning all US homeowners to be extremely cautious about cable TV ads suggesting help for millions of US homeowners seeking a loan modification, because they owe more on the home than it is worth. In one instance the Homeowners Consumer Center called one of the so called loan modification companies, and the firm wanted $ 795 up front for a do it yourself loan modification booklet. The Homeowners Consumer Center says, “If you call your bank, or loan servicing company they will send you loan modification self help information for free. Why pay for something your bank, or loan servicing company will provide you for free? If a homeowner is really serious about a loan modification we are urging them to only hire a licensed law firm, or attorney that knows what they are doing with respect to loan modifications. Do not try to do a loan modification without a law firm, or attorney in your corner.” http://HomeownersConsumerCenter.Com

Does the Homeowners Consumer Center have any suggestions as to what law firm might be able to help millions of US homeowners in all 50 US States? The answer is 100% Yes. In May of 2012 The Homeowners Consumer Center endorsed the law offices of M.E. Ludt for any US homeowner seeking assistance with a loan modification, mortgage workout, foreclosure defense, or pre-foreclosure related issues. The group says, “With so many non attorneys offering these types of services, we fear many desperate homeowners pay for something they never get. The Law Offices of M.E. Ludt consistently achieves significant results for homeowners seeking legal help with their mortgage, with a foreclosure, a mortgage workout, or with mortgage loan modifications throughout the US.” The Homeowners Consumer Center has endorsed the Law Office of M. E. Ludt because they deliver considerable results, and they have amazing capabilities for homeowners in all 50 states. The Homeowners Consumer Center says, “If a homeowner has verifiable income, if the homeowner qualifies for one of the MHA income/expense hardships, if the homeowner has received a mortgage default notification, if the homeowner is facing a foreclosure, or if the homeowner wants to negotiate better terms for their mortgage, there is a very good chance the Law Offices of M.E. Ludt can assist them.” For more information about the nationwide services being offered by the law firm of M E. Ludt please call 1-888-364-8844. http://MELudtLaw.us







Texas CPAs Offer Advice for Home Buyers and Sellers

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Dallas, Texas (PRWEB) May 09, 2013

If youve been waiting on the sidelines to purchase a home, or to put yours on the market, has the time for action finally arrived? The American Taxpayer Relief Act of 2012, the law that addressed fiscal cliff issues, helped clarify some of the answers to that question. The Texas Society of CPAs offers perspective on provisions of the act that relate to the real estate market and on other things to consider when making your decision.

The Mortgage Deduction Endures

The final negotiations in Congress at the end of last year answered several important questions, including whether home owners would continue to be allowed to deduct mortgage interest from their taxable income. The new law does not eliminate that deduction, and thats a positive development for home owners because their tax bite could have expanded significantly otherwise. At the same time, many aspiring first-time homeowners might have found it harder to afford mortgage costs without this deduction. In addition, the final deal also preserved the deduction for the cost of private mortgage insurance, which is used by buyers who are making less than a twenty percent down payment. Loss of either of these deductions could have made some waves in the market for both buyers and sellers.

Short Sales Are Still on the Table

The new law gave a one-year reprieve to homeowners whose homes are underwater, those whose mortgage is greater than the current value of their home. Under a previous tax rule, homeowners who received loan modifications or engaged in short sales did not have to pay taxes on that debt relief, but that provision expired at the end of 2012. The new law extended that relief for one year, adding some stability to the real estate market and potentially making it easier for struggling homeowners to hold on to their properties and avoid going directly into foreclosure.

Uncertainty Remains

Both buyers and sellers should keep in mind that there is still a great deal of uncertainty about the economy, which can have a major impact on the home market. When contemplating any significant financial step, remember that its always a good idea to review your financial position to determine if its the right thing to do. Be sure to turn to your CPA for help with this process.

Have Your Finances in Order

When it comes to home ownership, knowing youre taking the right step involves ensuring that you have the right budget for the property youre considering. As a general rule, mortgage costsincluding not only your mortgage principal and interest but also taxes, insurance and related monthly feesshouldnt add up to more than 30% of your income. You should also determine if there are any problems with your credit score or history that might prevent you from getting a loan. As part of the process, you may also want to contact a lender and get pre-qualified for a mortgage amount so that you have a realistic sense of what you will be able to borrow. When you research neighborhoods, remember that good school systems can help keep home prices strong, so find out about the quality of the school district even if you dont have kids.

Talk to Your Local CPA

The decision to buy or sell a home is a significant one. Before you take this big step, consult your local CPA. He or she can offer advice on the tax and other issues related to home ownership and provide information and insights on all your financial concerns.

About TSCPA

TSCPA (http://www.tscpa.org) is a nonprofit, voluntary, professional organization representing Texas CPAs. The society has 20 local chapters statewide and has more than 28,000 members, one of the largest in-state memberships of any state CPA society in the United States. TSCPA is committed to serving the public interest with programs that advance the highest standards of ethics and practice within the CPA profession.







REST Report Helps Save Single Mothers Home From Foreclosure LoanSafeMods.com

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San Diego, CA (PRWEB) April 19, 2013

The REST Report (Real Estates Services and Technology Report) is a third party analytics tool that shows homeowners and loan servicers all the options homeowners have to avoid foreclosure. It does this by comparing the information on the homeowners mortgage loan with data from all available government and non-government loan work out programs and creating a report that clearly shows what programs are qualified for as well as why the mortgage qualifies for them.

This can help homeowners to make the best decision when it comes to the future of their homes and it can also help to convince banks and loan servicers that it would be in everyones best interest to approve a modification rather than to foreclose the property. The team of homeowner advocates at LoanSafeMods.com help to connect struggling homeowners with this powerful tool, as well as to offer advice and walk them through the modification process if the REST Report shows a qualifying result.

So far, the REST report has helped to save thousands of homes from foreclosure and families who had lost hope are now able to afford to stay in their homes. One small family who was helped by this report is Linda and her young daughter who live in Oceanside, California.

Linda, a single mother, attempted to apply for a modification when support from her ex-husband stopped and she started to struggle with the payments on her own. However, her bank was unable to make a decision on her request and continuously asked her to resubmit paperwork. Linda says in her REST Report testimonial video, “It was so perplexing to me because I had enough income, I had all the criteria and they kept telling me ‘You have to resubmit, it’s been three months. You have to send in a new application.’ I think I applied at least 3, maybe 4, times!”

After two years of getting the run around and having no clue what the problem was, Linda was ready to throw in the towel. She says in her video that was recently posted on LoanSafeMods, “The scariest part was thinking that I was going to lose my home.” “I have a little girl and she’s been here all her life, born and raised, and this where we live! This is our garden! This is our little home! This is where we want to be! But we were in limbo the whole time. We had no idea what was going on and it was just scary to think we’d be out the door anytime.”

Finally Linda found the REST Report. She says, When I first heard about the REST I wasn’t sure what it was going to be but knew I needed to understand the numbers better because no one at the bank was explaining it to me. So I had a REST Report done and I looked at it and it was the first time that the process made any sense to me.

Linda resubmitted her request one last time. She says in her video, The numbers made sense so it was just a matter of getting it to the right person at the bank and it was a done deal within a few weeks. The new mortgage terms reduced Lindas monthly payments by $ 900. Linda and her daughter are no longer fearful of losing their home.

For more information about how the REST Report can help struggling homeowners, click here.







Brookstone Law, PCs Emergency Extension Department Discovers Hidden Home Sale Date, Earns Unique Federal TRO for Local Seniors

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

Thanks to Brookstone Law, PCs Emergency Extension Department (EED), a new resource to help homeowners facing foreclosure keep their homes, two local seniors have kept their home despite their Banks attempts to hide the sale date from them, it was announced today by Vito Torchia, Jr., managing attorney of Brookstone Law, PC.

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, were facing foreclosure, the sale of their home and eventual eviction based on a predatory home loan they obtained in 2004 and the banks refusal to allow them to modify their mortgage despite numerous attempts to fix their problems over the past several years. The case is Sacchi, vs. MERS et al., Case No. CV 11-01658 pending in the United States District Court – Central District of California.

After initially stopping the sale of their home the day before it was scheduled to be sold, Brookstone Law continued to represent the couple. Unbeknownst to either the Sacchis or Brookstone Law, a new sale date was scheduled by the Bank. Only through Brookstone Laws attention to detail and frequent follow up did the EED team discover the Bank had scheduled a new sale date.

When our EED team helps achieve a postponement, we always look for the opportunity to pursue additional actions to extend postponements or achieve cancellations, said Aalok Sikand, one of the lead attorneys on the EED team. We learned through our hard work and research that the Bank had set a new sale date and were not surprised to discover they had not communicated that to the Sacchis.

Brookstone immediately prepared and filed an ex parte motion for a temporary restraining order and for an order setting a hearing date for a preliminary injunction against certain of the foreclosing defendants. According to court documents, the motion was based on alleged violations of California foreclosure statutes and on a securitization audit and accompanying affidavit calling into question the authority of the foreclosing party to actually foreclose. The Court issued the temporary restraining order, restraining all defendants from foreclosing on the Sacchis home pending a hearing on the preliminary injunction. The Court will set a briefing schedule.

Thanks to Brookstone Laws EED we have a sense of security about our future, said Mr. Sacchi, a member of the Screen Actors Guild and American Federation of Radio and Television Artists who starred in the film “The Man Who Stole Bogart’s Face” and has appeared in numerous popular television series including “Kojak” and “Fantasy Island.” Brookstone Law said they would fight for us in court and they did just that.

Like many homeowners, the couple had heard stories about how homeowners facing foreclosure are treated by banks and how many banks do not allow short sales to address foreclosures. Media reports have highlighted banks mishandling of mortgage foreclosures and mistreating consumers, practices which have led to legal action throughout the country including suits filed by more than 40 state attorneys general against banks and lenders. Media coverage has shown banks throwing peoples belongings into the street in wrongful evictions, overcharging thousands of members of the military on their mortgages and bank executives admitting to blatant misadministration of loan documents in wrongful foreclosure trials.

Facing immediate foreclosure, without opportunity for a loan modification, living on a fixed low income and with nowhere to go if their home was sold, there seemed to be no way for the couple to stop their initial foreclosure until they contacted the EED specialists at Brookstone Law. EEDs team of legal experts and specialists acted decisively and fought for the couple in court by filing a lawsuit that resulted in a postponement of the first sale date.

This is another example of how we will not stop working until we achieve the results our clients need, said Nisha S., a seasoned EED specialist. Without dedicated attorneys and specialists working on their behalf, the Sacchis would not have known about the difficult situation the bank put them in before it was too late for them to act to save their home.

At a time when millions of Americans are losing their homes as part of the foreclosure crisis, homeowners face a daunting challenge when dealing with banks. To deal with those challenges, many homeowners have turned to the EED help them keep their homes. Created by Brookstone Law to help consumers deal directly with an institutional bureaucracy that is biased against them, the EED is a unique service not offered by any other firm that gives homeowners facing foreclosure a fighting chance to keep their homes. Brookstone Laws EED attorneys and specialists are experienced in working directly with banks and extensively trained to help homeowners achieve postponements.

Brookstone Laws legal team researches all available options to assist homeowners extend their sale date while they are in the process of litigation, bankruptcy or short sale. Fees are contingent upon success of the service, which means consumers pay only if the sale can be postponed or stopped. Homeowners facing foreclosure like the Sacchis are using the EED to help keep their homes. The process typically takes several hours per client and many cases require as much 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 directly and negotiating with banks and lenders.

“We will not hesitate to go to court if necessary to get the results we need, which is where our team of legal experts and attorneys is of greatest value to homeowners seeking relief, said Vito Torchia, Jr. Our EED legal team and specialists are to be commended once again for doing such great work on behalf of a deserving couple.

About Brookstone Law, PC

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 success in business, corporate and personal finance, employment, entertainment and media, art and museum, intellectual property and real estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs highly trained specialists, paralegals, paraprofessionals and administrative staff dedicated to serving clients. For information, call (800) 946-8655 or visit Brookstone-Law.com (http://www.brookstone-law.com).

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