Tag Archives: Massachusetts

Mortgage Buddy Delivers Massachusetts Residents Unbiased Genuine Estate and Mortgage Financing Details

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Boston, MA (PRWEB) June 29, 2013

Mortgage Buddy has launched a new Web site designed to fully adjust the way residents of Massachusetts method finding info about mortgage programs and real estate. MassMortgageBuddy.com is now reside and is providing anything its founder is hailing as special.

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MassMortgageBuddy.com is an unbiased method to accessing mortgage plan information and up-to-date data about actual estate, stated Mortgage Buddy John Saari. This is a fully fresh concept that will feature articles from nearby specialists, which includes house inspectors and contractors, to supply as many details as attainable.

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It is Johns hope that by offering residents with a wealth of data, they will be much better informed to in the end keep away from the variety of housing recession that started in 2007, which true estate is now gradually emerging from.

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Billed as Your Buddy for House Financing Solutions, Mortgage Buddy is searching to advance the way individuals are capable to better educate themselves. In addition to featuring an interactive true estate search engine, the website offers info about the most recent government expanded refinance programs.

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If you are a homeowner searching for material about applications like HARP (Residence Affordable Refinance Plan) or the FHA (Federal Housing Administration) Streamline system, MassMortgageBuddy.com has that details, The Mortgage Buddy stated. We cover everything from understanding the procedure of getting a property in Massachusetts to, how to increase your credit score to genuine estate law.

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An additional feature the Internet site sports is the capability for users to be linked up with a Mortgage Buddy, an approved genuine estate agent for a distinct region of the state, and a live Twitter feed (@mymortgagebuddy) that is updated regularly with breaking housing data. Additionally, customers may request data for a mortgage preapproval for either a new property obtain or refinance.&#13

This genuinely is a tremendous tool that I hope residents of Massachusetts will take benefit of now and in the future, Saari stated. And this is just the beginning. We have launched a mobile app that complements MassMortgageBuddy.com, and we have a YouTube channel referred to as Mortgage Buddy University that features quick educational video clips.

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Mortgage Buddy knows that acquiring a residence is an huge step, one particular that enables people to understand a piece of their American Dream. Financially and emotionally, it will likely be your most worthwhile investment. MassMortgageBuddy.com offers you the potential to search for properties and inquire about mortgage financing. It also supplies the most up-to-date true estate and mortgage information in a completely unbiased way. Empowered with the tools we offer you, you will feel confident that you have the information to make the best educated decision for oneself and your loved ones. Mortgage Buddy, Your Friend for Property Financing Solutions.

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Brookstone Law Computer: Massachusetts Lawsuit Against Lenders Has Large Prospective

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Newport Beach, CA (PRWEB) December 06, 2011

Progress on legal challenges against the nation’s five most significant mortgage lenders are facing a main legal challenge in Massachusetts is a constructive sign for relief-looking for home owners foreclosed on in Massachusetts in the course of the housing crisis according to Vito Torchia, Jr., managing attorney of Brookstone Law.

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According to media coverage, in the first such lawsuit filed by a state, Massachusetts Atty. Gen. Martha Coakley claims that Bank of America Corp., Wells Fargo &amp Co., JPMorgan Chase &amp Co., Citigroup Inc. and GMAC Mortgage utilized fraudulent documentation in the foreclosure processes, took back properties with out showing they owned the actual mortgages, and failed to uphold loan modification promises to borrowers in the state.

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We applaud the Massachusetts attorney basic for lastly coming to the help of foreclosure victims and holding banks accountable for their systematic mismanagement, lack of due diligence and ongoing record of foreclosures without having following the rule of law,” stated Vito Torchia, Jr.

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According to media coverage, the Massachusetts action represents a new challenge against the mortgage sector by increasing stress on banks to strike a deal with a coalition of Attorneys Basic in search of relief for shoppers allegedly wronged by faulty mortgage servicing practices. The suit could also serve as a blueprint for other individual states to file actions.

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This case could have considerable repercussions throughout the nation and especially in California, exactly where our Attorney Basic has just begun to concentrate on the harm banks have done to homeowners in our state, stated Vito Torchia, Jr.

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According to media coverage, negotiations for a deal of up to $ 25 billion between the banks, attorneys basic and federal agencies was expected to have been reached by now but talks have dragged on for much more than a year.

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“This is a vitally important legal development that will most likely give State Attorneys General who want to go right after the banks a blue-print of how to do it,” stated Vito Torchia, Jr. “But without suitable and professional legal counsel, property owners will likely not be able to obtain the leverage in their negotiations they need to have to hold the banks accountable for their unlawful conduct.

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In addition to criticism from customer groups and homeowners nationwide, media coverage consists of reports that New York, Delaware, Nevada, Massachusetts, Kentucky and Minnesota all signaled that they have been unhappy with the path of the talks with the banks, following issues that the banks have been getting let off too easily.

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While several home owners are becoming unfairly foreclosed upon, the banks are negotiating a settlement that favors them and hurts shoppers, and they cant even do that appropriate. This is an appalling circumstance that ignores shoppers all through California and the nation who require support now, said Vito Torchia,Jr. Now far more than ever is the time for property owners to have powerful legal counsel to take benefit of these developments and at the very same time safeguard property owners rights.

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According to media coverage, California Atty. Gen. Kamala Harris formally walked away from the negotiations soon after meeting with bank representatives in Washington, concluding that what they have been offering was not excellent enough for residents of the state. Given that then, proposals to attempt to entice her back to the table have been floated, as California is noticed as crucial to forging a powerful settlement. Harris has subpoenaed info from Fannie Mae and Freddie Mac as part of an inquiry into lending and foreclosure practices in the state. Her workplace lately subpoenaed Bank of America and its mortgage arm Countrywide Financial, along with Citi, searching for information on their practices selling mortgaged-backed securities in California.

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“Rather of the controversial answer getting created by the banks and the federal government, this lawsuit and the improvement of actions by so a lot of State Attorneys Generals show that a 50-state settlement is not preferable to the states and most surely not to consumers, mentioned Vito Torchia, Jr. Soon after the harm they have brought on, and continue to trigger, banks do not deserve to have these concerns solved by way of a enormous and unfair federally-mandated settlement.”

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ABOUT BROOKSTONE LAW, Pc &#13

Headquartered in Newport Beach, Calif., and with offices in Los Angeles, Calif., and Ft. Lauderdale, Fla., Brookstone Law, Computer is a law firm comprised of attorneys with encounter and accomplishment in business, corporate and individual finance, employment, entertainment and media, art and museum, intellectual house and real estate law. The firm has a network of much more than 40 affiliate attorneys nationwide and employs highly trained specialists, paralegals, paraprofessionals and administrative employees dedicated to serving consumers. For info, get in touch with (800) 946-8655 or check out Brookstone Law.com(http://www.brookstonelaw.com).

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UFAN: Massachusetts Lawyer General Suit Against the Main Banks Noticed as a Positive Sign for Beleaguered Borrowers

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Roseville, California (PRWEB) December 16, 2011

In what came as a major improvement in the fight against mortgage fraud, on December 1, 2011, the Massachusetts Lawyer Common filed a suit against five of the major mortgage lenders, the LA Instances reports. The lawsuit alleges that Bank of America Corp., Wells Fargo &amp Co., JPMorgan Chase &amp Co., Citigroup Inc. and GMAC Mortgage used fraudulent documentation in the foreclosure processes, took back properties without showing they owned the actual mortgages, and failed to uphold loan modification promises to borrowers in the state. The suit was filed in Superior Court in Suffolk County, case quantity 11-4363.

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The case is a welcome improvement for borrowers, who have frequently bore the brunt of the effects of the mortgage crisis. Much media focus has been centered on lawsuits brought on behalf of investors injured by getting been sold toxic mortgage securities.

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The United Foreclosure Attorney Network (UFAN) is one firm currently standing up for borrower rights and has suits pending against some of the significant lenders. The Massachusetts case is a constructive development in raising the collective consciousness that borrowers had been usually as considerably victims of fraud as had been the purchasers of their loans, says Kristin Crone, managing attorney at UFAN. UFAN has suits pending against JP Morgan Chase and Aurora in California Superior Court, and against Bank of America and Wells Fargo in California Federal Court. UFAN’s cases are discussed at length on its media web page.

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According to the LA Instances, the Massachusetts Attorney Common is open to settling the case so extended as the interests of Massachusetts borrowers are represented. The 50 state Attorneys General have been at one point on board with settlement negotiations that would see main banks spend a sum of funds in exchange for immunity for previous mortgage fraud, news sources recommend. Over the past year, even so, negotiations have stalled prompting specific Attorneys Common (like Kamala Harris of California) to withdraw from possible settlements. California Attorney General Kamala Harris concluded that what was getting provided by the banks was not good sufficient for residents of the state, media reports indicate.

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In 2008, then California Lawyer General Jerry Brown sued Countrywide (Men and women of the State of California v. Countrywide Financial Corp., Los Angeles Superior Court, case # LC083076) over alleged deceptive marketing practices that took advantage of borrowers. The case settled a couple of months later and Countrywide was supposed to provide borrowers principal and interest price reductions, according to The Boston Globe. Jerry Brown named the settlement, the largest loan modification in history and it was intended to offer $ 3.4 billion in relief for California borrowers.

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Despite high hopes at the time, that settlement has failed to acquire substantial relief for California homeowners, The New York Instances reports, and foreclosure prices continue to rise. Referring to the 2008 settlement, the spokesman for the present California Attorney Basic mentioned there is a substantial gap among the relief promised to property owners and what was actually delivered to them. And the mechanisms needed to hold the bank accountable just werent there.

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Complementary consultations offered.

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ABOUT THE UNITED FORECLOSURE Lawyer NETWORK

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UFAN Legal Group, Pc dba United Foreclosure Attorney Network (UFAN) is a Roseville, California-primarily based law firm supplying mortgage litigation and other debt associated legal services. The committed attorneys and staff at UFAN operate tirelessly to seek justice and fight for the rights of its customers. For more details call toll free of charge 1-866-400-4242.

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This release could constitute attorney advertisement. The information in this release and on the UFAN internet site (ufanlaw.com) is for general info purposes only. Nothing in this release or on the UFAN website must be taken as legal advice. Prior successes are no guarantee of future efficiency. Litigation is inherently uncertain and results in litigation are never ever assured.

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