Tag Archives: Modifications

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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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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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

Do Loan Modifications Actually Exist?

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Los Angeles, CA (PRWEB) August 19, 2009

In the past few months, we have heard distressing stories of scammers who promised significantly and delivered practically nothing. Raffy Boulgourjian is a Los Angeles primarily based true estate lawyer who has noticed several a homeowner come to him for assistance.

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“Home owners are scared and confused. They have listened to all the hype and misinformation and their heads are spinning. Couple that with the very actual stresses of facing foreclosure and you have a group of people who are desperate for some straight talk about their choices. Some are probably wondering if loan modifications even exist and how to get one particular.”

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In his recent post, “The Prime Seven Myths About Loan Modifications” http://www.jdsupra.com/documents/5630fd93-e358-45b5-b211-8841f53cd5fb.pdf, Boulgourjian attempts to separate fact from fiction by debunking a lot of of the myths at the moment swirling in the media.

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“Loan modifications exist, but they aren’t always straightforward to obtain. If you are facing foreclosure you want to turn out to be as informed as achievable and rapidly. Contact your lender, get assistance from a referred or recommended skilled, but whatever you do, do not ignore the difficulty. You have valuable time to operate some thing out ahead of your residence goes to foreclosure. Use your time wisely.”

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For additional info about options obtainable to home owners in distress, go to http://www.boulgourjianlaw.com

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American Residential Law Group Sees Record Improve In Home Loan Modifications

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Canton, OH (PRWEB) January 4, 2010

American Residential Law Group, the Ft. Lauderdale-based law firm reports that it has observed record increases in residence loan modifications in the final quarter 2009, October via December.

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American Residential Law Group is a law firm that advocates for Americans facing bankruptcy, foreclosure, and property mortgage loan modifications.

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“Mortgage modifications are set up to help property owners that are facing foreclosure,” says Joel Jacobi, founder and lead lawyer for ARLG. “Foreclosure is extremely costly to both the bank and the homeowner. No one wins. We work to delay foreclosure, to renegotiate the mortgage with the bank, so that a homeowner can remain in his or her house and so that a bank does not have the burden of but yet another foreclosed residence.”

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Jacobi’s law firm requires a exclusive strategy to these loan modifications. “Most loan modifyers were former mortgage brokers,” he mentioned. “We are attorneys with 12 years experience defending homeowners and were never in the company of promoting mortgages. Home owners trust us for that very explanation.”

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American Residential Law Group processed much more mortgage loan modifications in the fourth quarter of last year than any other quarter thus far. Yet regardless of their record enhance in residence loan modifications made to avoid foreclosures, foreclosures in the U.S. nonetheless hit an all-time higher in 2009.

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“This indicates to me that there are several home owners who aren’t aware that there may be loan modifications offered to help them,” Jacobi said.

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To accomodate the increase in residence loan modification demand, American Residential Law Group has expanded into larger offices in Fort Lauderdale and has hired extra attorneys to deal with the improve in loan modification circumstances.

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

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American Residential Law Group Announces New Tools for Home owners in the Form of Residence Loan Modifications

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Fort Lauderdale, FL (PRWEB) February 18, 2010

American Residential Law Group, a specialized law firm supplying in-depth assistance and data for consumers, has nowadays deployed innovative new tools to ensure that home owners are in a position to take advantage of new residence loan modification laws.

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The planet of home loans can be more than confusing for even skilled homeowners. In reality, in this age of monetary uncertainty and continued financial downturn, the incorrect mortgage loan can spell disaster for home owners. High interest rates and huge mortgage payments can be not possible to hold up for any homeowner.

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Even so, mortgage loan modification gives a means of escape that does not involve damaging credit ratings, painful foreclosures or downsizing a familys property. Modifying a house loan gives families a chance to stay within their present residence, with drastically reduced payments.

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New applications mandated by the federal government allow home owners to decrease the amount of their monthly home mortgage by a considerable amount. By decreasing interest rates to rock-bottom levels (current market levels) and by extending loan terms exactly where applicable, home owners are capable to acquire a more secure monetary footing that enables them to continue producing their loan payments on time.

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Even so, accomplishing a bank loan modification is not a straightforward job. In addition, numerous lenders do not make these programs known to those in problems with their house loan. To this end, American Residential Law Group has created innovative tools to help qualifying home owners lessen their loan payment and bring it in line with their monetary scenario. By way of these useful tools, homeowners can once more enjoy the dream of homeownership, without the worry that the mortgage organization will foreclose on them due to late or delinquent loan payments.

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To find out a lot more loan modifications and how American Residential Law Group can be of help to you, go to them at http://www.ARLGNow.com.

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About American Residential Law Group: American Residential Law Group is a law firm that strives to supply the community with legal assistance and all the rewards to which buyers are entitled beneath the law. With a considerable background in all locations of consumer advocacy, American Residential Law Group remains devoted to supplying integrity and excellence for their customers, and escalating their good quality of life.

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More Loan Modification Press Releases

Injured Veterans Can Apply for Cost-free Property Repairs and Modifications

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WASHINGTON (PRWEB) July 13, 2006

Rebuilding Togethers Serving These Who SERVE system is searching for far more applicants to give its solutions. The system supplies free residence modifications and repairs to severely injured veterans and soldiers returning from Operation Iraqi Freedom and Operation Enduring Freedom.

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Injured veterans and soldiers returning from Iraq and Afghanistan necessary assist adjusting to life altering injuries, and we assist to fill that require, explained TJ Cantwell, Plan Director for Serving Those Who SERVE. It is also a fantastic way to show our appreciation for their service to our nation.

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Serving Those Who SERVE focuses on assisting active soldiers and honorably discharged veterans of OEF/OIF whose injuries include 1 or any mixture of loss of sight loss of hearing loss of mobility and traumatic brain injury. The scope of the residence modifications and repairs on a project varies and can range from replacing door knobs with latch handles, to remodeling a bathroom to contain a zero entry shower with accessible fixtures, to building wheelchair ramps.

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We just completed our fifth project and are looking to assist several a lot more veterans and soldiers. explained Cantwell, We want to assist as a lot of injured OEF and OIF veterans and soldiers as achievable and encourage them to apply.

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Countrywide, the nations #1 residential mortgage lender is the founding sponsor of Rebuilding Togethers Serving These Who SERVE and committed $ 1 million to permit the program to help up to 70 injured veterans and soldiers.

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Prior Serving These Who SERVE projects have been completed in Rosedale, MD Manassas Park, VA Birmingham, AL Clinton, MD and Miramar, Florida.

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Applications to apply for help can be discovered on our site at http://www.ServingThoseWhoSERVE.org or you can get in touch with and request an application at 1-800-473-4229.

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About Countrywide

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Founded in 1969, Countrywide Economic Corporation is a member of the S&ampP 500, Forbes Global 2000 and Fortune 500. Through its family of firms, Countrywide supplies mortgage banking and diversified economic services. Mortgage banking businesses contain loan production and loan servicing principally by means of Countrywide House Loans, Inc., which originates, purchases, securitizes, sells, and services prime and nonprime loans and loan closing services provided by the LandSafe group of companies. Diversified monetary services encompass banking, capital markets and insurance, largely by way of the activities of Countrywide Bank, N.A., a bank providing depository and residence loan goods Countrywide Capital Markets, a mortgage-associated investment banker with offices in the U.S., U.K. and Japan Balboa Life and Casualty Group, whose businesses are national providers of home, life and casualty insurance coverage and Balboa Reinsurance, a captive mortgage reinsurance firm. Headquartered in Calabasas, California, Countrywide has a international perform force of much more than 50,000 and more than 800 offices. For much more details about the firm, check out Countrywide’s website at http://www.countrywide.com.

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About Rebuilding With each other

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Rebuilding Collectively is America’s largest volunteer-primarily based organization preserving and revitalizing homes and communities, and assuring that low-earnings property owners, particularly those who are elderly and disabled and households with youngsters reside in warmth, security and independence. Our purpose is to make a sustainable effect in partnership with the neighborhood. For more information, go to http://www.rebuildingtogether.org.

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For far more data contact:

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TJ Cantwell

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Plan Director

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Rebuilding Tog ethers Serving Those Who SERVE

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TJ_Cantwell@rebuildingtogether.org

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202-518-3123

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Becky Carter

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Rebuilding Tog ethers Public Relations and Volunteer Coordinator

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Serving These Who SERVE

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Becky_Carter@rebuildingtogether.org

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202-518-3111

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In Efforts to Assist Home owners Stay away from Foreclosure, I Short Sale, Inc. Tends to make Loan Modifications a Priority

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Woodland Hills, CA (PRWEB) May 11, 2008

I Brief Sale, Inc. (ishortsale.com), a top nationwide short sale and loss mitigation advisory firm, has expanded its loan modification division with the addition of a number of experienced loan modification specialists and support employees.

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Today, our nation is facing an unprecedented scenario in the mortgage business. Residential mortgage credit quality continues to weaken, with each delinquencies and charge-offs on the rise. This trend, in tandem with upward pricing of adjustable-rate mortgage (ARM) loans, falling home costs, and fewer refinancing alternatives, underscores the urgency of locating a workable answer to existing issues in the all round mortgage sector.

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I Quick Sale’s loan modification division has a confirmed method to support preserve property ownership, decrease foreclosures, and restore some stability to neighborhood housing markets. “Our specialists have unparalleled encounter offering property owners and investors with verified solutions,” stated Eli Tene, President of I Brief Sale. “Our major objective is assisting home owners and investors with as several choices as achievable throughout the method. It is crucial that we deliver true progress to our clients by negotiating favorable terms.”

Loan Modifications for Profit: New Cost-free Report Shows How to Make Money Assisting Homeowners Reduced Their Mortgage Payments

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Fairfax, VA (PRWEB) October 21, 2008

A new cost-free report at Mortgage Loan Modifications for Profit shows how to earn a profit doing loan modifications for homeowners.

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“At least 3 million homeowners want loan modifications,” stated Richard Geller, developer of the free report. “These home owners do not have the negotiating capabilities, the expertise or the persistence necessary to get the loan mods completed.”

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According to Mr. Geller, most home owners wait until the last minute ahead of applying for a mortgage loan modification. “And then they never know how to go about it,” Geller stated.

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There is a lot to performing loan mods and most property owners are lost, according to Geller. “That is why we offer you this cost-free report. We show you how you can do loan modifications not just for your personal mortgage, but for other people, and hopefully earn a profit undertaking so.”

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Geller mentioned the demand is quite higher. “I have individuals calling and emailing me continually. Most of them never want foreclosure. They want to remain in their residence. They are asking for aid in receiving a loan modification.”

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Fees for performing loan modifications differ, Geller said. But frequently they are equal to 1 mortgage payment that the homeowner must be making. “So if they have been paying $ 1,500 per month on their mortgage payment, their fee might be $ 1,500,” Geller explained. “But that’s up to the business owner who is in the loan mod organization. The entrepreneur determines how much to charge.”

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In some states, laws have been passed that regulate how you can strategy a homeowner about avoiding foreclosure. Geller explained,”these laws in common prohibit prepayment for services. So the report that you can do loan mods and not gather something till you have performed the service for the homeowner.”

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Geller said that loan mods for profit is potentially excellent for a mortgage broker, a true estate agent, or a home investor who desires to assist themselves and support others. “There is enormous demand,” Geller said, “and if you are a loan officer or an agent, you want to be where the demand is. That is in loss mitigation right now, not in new loans.”

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To get the cost-free report, merely pay a visit to Mortgage Loan Modifications Unique Report.

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NAMP Predicts Mortgage Loan Modifications Will Sky Rocket

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Washington, DC (PRWEB) November 16, 2008

With mortgage loan modifications on the rise now is the time to understand how to perform loan mods for borrowers. Designed for an originator, processor, underwriter, closer or post-closer, NAMP has developed a quick and cost-efficient remedy.

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The National Association of Mortgage Processors (NAMP), in partnership with Mortgage University, has place collectively a three-hour reside, instructor-led interactive webinar entitled: Loan Modification 101. Held once a month, this 3-hour webinar is an open forum discussion developed to provide mortgage experts with how to modify mortgage loans , from A to Z. This special on the web format also enables the student to ask queries directly to the instructor and get immediate answers.

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This three-hour Loan Mod webinar will: 1) Negotiating With The Mortgage Servicer, 2) Required Documentation &amp Types, three) Profit Center: What, Where &amp How To Charge Charges, four) Ethics: Counseling The Borrower, five) Legalities: Potential Pitfalls, and five) Finish with an Open Forum Q&ampA Session.

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This month-to-month webinar is designed for any mortgage expert who is looking to diversify their product offerings and create extra revenue. This webinar will cover all aspects of the front-end selling to the servicing side of loan mods.

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NAMP has chosen Bonnie Hild as the instructor, and as an active FHA Direct Endorsement (DE) Underwriter, Bonnie has 25+ years of Government underwriting encounter working for several key FHA lending institutions. Bonnie also writes a weekly FHA Blog for NAMP. For the duration of this interactive webinar Bonnie works with the student directly to evaluation and respond to all inquiries.

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The expense of the monthly webinar is $ 99 per attendee with a maximum of one hundred attendees. Upcoming dates consist of: November 25th from 5-8 p.m. PST, December 18th from ten-1 p.m. PST, and January 29th from five-8 p.m. PST.

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To learn more about the mortgage modification requirements, agreements, and a lot more pay a visit to: http://www.LoanModWebinar.org or contact NAMP toll-cost-free at 1-800-977-1197 to speak with an enrollment counselor.

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