Tag Archives: Modifications

Wells Fargo Sued for Supplying Homeowner’s Temporary Mortgage Modifications With No Extended Term Plans To Make Them Permanent, according to Courthouse News Service.

Posted on by

Chicago, IL (PRWEB) June 12, 2012

A case has been filed against Wells Fargo by a group of struggling property owners. The accused bank is being sued for offering home owners temporary mortgage modifications with no long term plans to make them permanent, according to Courthouse News Service.

&#13

The courts are taking notice of the wide spread practice of deceptive behavior on the element of the huge banks such as Wells Fargo for providing customers temporary mortgage trial period modifications.

&#13

Lenders are in impact major struggling homeowners on to think that if they make their trial period mortgage payments they will be in a position to maintain their residences. Nonetheless, Colin Banyon, a foreclosure defense lawyer at The Mortgage Law Group, says the complete time the lender was accepting these payments from the homeowner they knew that they have been not going to supply these very same home owners a permanent modification and only intended to foreclose on the property.

&#13

If your lender is providing you the run around with regards to your loan modification or has instituted a foreclosure then its time that you seek the advice of with the skilled Loan Modification and Foreclosure Defense attorneys, says Banyon.

&#13

American homeowners arent alone in this fight. If you are struggling or know you will fall behind on your mortgage get support before it is also late.

&#13

The Mortgage Law Groups aim is to help homeowners now.

&#13

For a lot more details, check out: &#13

http://www.themortgagelawgroup.com.

&#13

About The Mortgage Law Group:&#13

The Mortgage Law Group is one particular of the most sophisticated customer protection law firms nationwide. Theyve helped thousands of customers save their properties and restore their lives. With offices positioned all through the country, the firms purpose is to provide outstanding service from hugely certified mortgage relief attorneys.

&#13

Case No. C 11-06595 JCS&#13

United States District Court&#13

Northern District of California

&#13
&#13
&#13
&#13
&#13

Apollo Monetary Group Lobbies Congress – Requests Assessment of Legislation Relating to Taxation of Loan Modifications

Posted on by


New York, NY (PRWEB) October 31, 2012

by Bill Cooper Anderson

&#13

For instant release

&#13

Apollo Economic Group lobbies Congress to request review of legislation on taxation to the debt holder supplying loan modifications on acquired debt.

&#13

Earnings tax law makes federal government complicit in home foreclosures against American property owners.

&#13

A federal earnings tax law on loan modifications is producing mortgage holders and investors pay taxes for revenue they have not received.

&#13

The law says any time loans like mortgages are modified, the modified loan may be subject to earnings tax. The tax has to be paid even though the modified loan has not generated the earnings getting taxed. This is known as a phantom earnings tax. The law is Title 26 of the IRS Code, 1.1001-3

Apollo Financial Group Lobbies Congress – Requests Review of Legislation Regarding Taxation of Loan Modifications

Posted on by


New York, NY (PRWEB) October 31, 2012

by Bill Cooper Anderson

&#13

For immediate release

&#13

Apollo Economic Group lobbies Congress to request assessment of legislation on taxation to the debt holder offering loan modifications on acquired debt.

&#13

Revenue tax law tends to make federal government complicit in house foreclosures against American homeowners.

&#13

A federal revenue tax law on loan modifications is making mortgage holders and investors spend taxes for revenue they have not received.

&#13

The law says any time loans like mortgages are modified, the modified loan might be subject to revenue tax. The tax has to be paid even although the modified loan has not generated the earnings getting taxed. This is recognized as a phantom income tax. The law is Title 26 of the IRS Code, 1.1001-3

Short Promoting North Hills Real Estate may be a Much better Choice than Loan Modifications

Posted on by


(PRWEB) November 06, 2012

Due to financial downturn as properly as a fall in genuine estate values, countless property owners who have invested in North Hills Genuine Estate have bought premium properties at intense rates and they are now going via financial adversity. The worth of their properties have decreased drastically in relations to the total mortgage due on the house. As a result, numerous folks who have lost their lucrative jobs started to consider selling the property to steer clear of huge mortgage payments. Nonetheless, most buyers are not ready to invest a huge amount in to the North Hills residences for sale, provided the reduce in the value of the genuine estate as a whole. The circumstance worsens when house owners have to face foreclosure. Red Blue Realty, with the assist of their reputed North Hills Real Estate Agents, offers valuable insights to North Hills property owners on avoiding foreclosure as effectively as loan modification by setting up a short sale.

&#13

Preserve Credit Score in Mind

&#13

The present scenario of North Hills True Estate home owners who are underwater on their mortgage warrants the need for quick selling the house rather than opting for foreclosure. Home owners might try a loan modification though statistically speaking, the majority of loan modifications do not work out for property owners. Aside from possessing the loan forgiven at the settlement price, a single of the most crucial benefits of quick promoting a house is that the credit score is not impacted as badly as in the foreclosure process. Rather then wasting time with a loan modification and risking foreclosure, speak to a North Hills real estate agent about short promoting a home.

&#13

Much less Time to Purchase a New Home

&#13

For those folks who want to brief sell their North Hills properties and settle in a comparatively tiny city with a rather moderate living cost, it is crucial that they short sell their homes and get a fresh loan for a home that is small smaller sized and in a modest town soon after enough time has gone by. A foreclosure tends to make it much more tough for a particular person to get a fresh loan, due to the bad credit score. If a individual goes for a loan modification, it is tough to get out of the rut of paying for the house, which is far lower in worth than the mortgage payment. In most situations, a loan modification provided to the homeowner will not renew the initial loan balance, but rather alter factors like the loan repayment date, or interest price.

&#13

Avoid Selling Expenditures

&#13

When a individual considers short selling over foreclosure, a homeowner can steer clear of selling expenses such as title insurance coverage, attorney costs, agent commissions and so on. In case of a foreclosure, these expenses may fall on the seller as properly in the form of a 1099 from the lender holding the account.

&#13

To uncover the the best true estate agent who can assist you strategize the greatest solution, be sure to verify out http://www.RedBlueRealty.com or speak to Christopher Rosiak at:&#13

E mail: Make contact with(at)redbluerealty(dot)com&#13

Telephone Quantity: 1-(855) 66-RBREALTY or 1-(855) 667-2732

&#13
&#13
&#13
&#13
&#13

More Loan Modification Press Releases

Georgette Miller and Associates, P.C., Now Solutions Loan Modifications

Posted on by


Philadlephia, PA (PRWEB) August 17, 2012

The Law Offices of Georgette Miller and Associates, P.C. now offers their customers with a Loss Mitigation Division to deal with modification demands. They can help lower a persons month-to-month mortgage payment, reduced interest price to as low as two%, and eradicate late charges and penalties. They provide an professional team of loan modification attorneys in PA, DE, NY and NJ.

&#13

A very good loss mitigation lawyer, such as those at the Law Offices of Georgette Miller, can help clients attain a loan modification that works for each the client and their lender. The loan modification attorneys will make positive a client knows all of their choices, and they will place their best work into any loan modification requirements so that a client can maintain their house or cease foreclosure.

&#13

This Loan Modifications Organization in PA also employs a competent group of Loss Mitigation Specialists, Mortgage Experts, True Estate Brokers, Appraisers , all supervised by Georgette Miller, Esquire. The team will be in a position to deal with hundreds of Loan modification and Foreclosure Prevention circumstances each and every month. Consumers can trust them to negotiate aggressively, to obtain productive outcomes.

&#13

James R., a current client of Georgette Miller, had this to say about his great experience operating with the legal group: My 1st ever lawyer encounter was with Georgette Miller and I could not be happier with the turnout! I confided in her expertise when buying a foreclosure, which to me was a extremely risky maneuver. Being familiar with the actual estate industry I was astonished at the expertise they knew about all the legal documentation, and so on. that it needs. At very first I was extremely apprehensive, but they reassured me throughout this procedure and created me feel proper at home. I would definitely advise anyone with actual estate concerns in PA to go to Georgette Miller for suggestions. My residence getting expertise far exceeded my expectations and all due to the fact of her!

&#13

About Georgette Miller and Associates:&#13

The Law Offices of Georgette Miller and associates P.C. are nicely experienced specialist bankruptcy and real estate lawyers in locations such as Brooklyn, Camden County, Manhattan, Wilmington and Philadelphia. For them, the most critical result is one their consumers are fully satisfied with. The law firm it isnt about notoriety or making a quick buck, it is about reaching effective ambitions in a timely and price effective manner. They are right here to supply a wide range of solutions in order to completely serve and support all crucial legal demands. &#13

For much more information, please pay a visit to http://www.georgettemiller.com.

&#13
&#13
&#13
&#13
&#13

Associated Loan Modification Services Press Releases

Home Owners Legal Help Desires to Support in 2013 with Loan Modifications and Foreclosure support in New York

Posted on by

New York, NY (PRWEB) January 06, 2013

Analysts indicate that the global and national economies are strengthening, but many are waiting to see direct signs of it. Many Americans are nonetheless dealing with some economic crisis or an additional even though other folks are starting to get their legs beneath them once again. New York debt settlement specialists at Property Owners Legal Assistance perform with families to assist them maintain what they worked so difficult to earn in the initial location.

&#13

When it seems that issues have taken a turn for the worse and people discover themselves owing far more than they make, upside down on their mortgage, or struggling to keep away from foreclosure, the group from Home Owners Legal Help can assist. They work with monetary institutions and creditors in a way that allows families to maintain their properties, avoid bankruptcy, and reclaim their lives. Rather than worrying about which bills get paid this month versus which do not, loan modifications in New York are an exceptional way to regain control right after the sharp financial turns numerous were forced to cope with.

&#13

There are options out there that give the required support for many men and women to stay away from disastrous monetary things such as bankruptcy and foreclosure. Property Owners Legal Help can aid with credit repair in New York, enabling men and girls to rebuild their lives rather than abandon them. In 2013, a lot of families are just starting to put their lives back in order. This can be incrementally harder to do with growing debt and interest looming overhead. A legal group of experts can assist make the new year a prosperous a single rather of a single that we dread going forward.

&#13

About House Owners Legal Assistance: Residence Owners Legal Assistance has a mission statement to give attorney based, cost-effective, responsive, loss mitigation for distressed house owners. Their group of specialists assist with credit repair, debt settlement, bankruptcy, foreclosure, and loan modifications in New York.

&#13
&#13
&#13
&#13
&#13

Far more Loan Modification Press Releases

Verified Resource Expands Its Loan Modification Services: Advises Homeowners Searching for Loan Modifications To Proceed with Caution

Posted on by


Detroit, MI (PRWEB) December 27, 2012

The term “loan modification” is effectively recognized due to the monetary crisis given that 2007. It appears these days that everybody knows some homeowner that has secured a residence loan modification. But numerous property owners are just as unsuccessful in obtaining a house loan modification. The loan modification procedure itself is complex according David Soble, Managing Lawyer at financial and legal services firm, Established Resource. Soble, a true estate and finance attorney of 23 years cautions, “the procedure has far -reaching economic and legal consequences if not secured timely and effectively.”

&#13

LoanSafeMods.com Assists Those Searching for Mortgage Modifications To Make Good Choices Quickly

Posted on by

San Diego, CA (PRWEB) March 13, 2013

LoanSafeMods.com is becoming a principal source of information for homeowners searching for to benefit from mortgage modifications. LoanSafeMods uses the REST Report (True Estate Services And Technologies Report) which is a reputable third celebration analytical tool that provides detailed information on what the homeowner or mortgage modification applicant ought to qualify for ahead of they truly submit the application.

&#13

This info can make applying for modifications a significantly easier and tension free of charge approach for home owners. Prior to the advent of the REST Report, applying for these modifications would be a quite time consuming, confusing and hard procedure. Several homeowners nonetheless do not know that there is an alternative to submitting their application, hardship letter, tax returns, paycheck receipts and other personal data, and then sitting back with their fingers crossed for up to twelve months just hoping and praying that it will be approved.

&#13

With the REST Report, an individual can submit their mortgage modification request with confidence, understanding exactly what they can qualify for and with detailed info on how modifying the loan would be useful for all parties involved. But the REST doesnt only serve to act as a pressure reliever for property owners. For one particular it can support the homeowner to decide regardless of whether they should apply for the modification in the first spot. If the REST Report shows that modification is not the very best selection or basically not an choice at all, it can support the particular person to decide on one more course of action such as a short sale or other foreclosure option.

&#13

This will save the would-be applicant months of waiting only to have their request denied and it can help to locate a workable resolution to the mortgage scenario as speedily as attainable. The Report will show the results of the evaluation in about 48 hours, so homeowners will be in a position to make excellent decisions quickly. If the Report shows that their application will most probably be approved, they can go ahead and submit their application with self-assurance. If the Report shows that approval is unlikely, this will also advantage property owners as it will permit them to appear for other alternatives as quickly as feasible.

&#13

Additionally, the REST Report can aid to figure out what went wrong if a preceding application was denied. It will point out errors in the application, or if there were no errors it can even be utilized to prove that modification was greater than foreclosure if the person wishes to take the selection to court. It can show undeniable proof of what the homeowner could have or ought to have certified for, which will hold up in a court of law.

&#13

As a licensee of REST, LoanSafeMods.com can support those who are looking for foreclosure alternatives by supplying important info about the REST and access to other advanced analytical tools offered on the web site. The REST Report is trusted by homeowners and lenders alike, and has helped millions of home owners to get the mortgage modifications that they deserve. For much more information, please pay a visit to LoanSafeMods.com.

&#13
&#13
&#13
&#13
&#13

Uncover More Loan Modification Services Press Releases

RESTReport.com: Thousands Avoid Foreclosure In 2012 With REST Assisted Mortgage Modifications

Posted on by

San Diego, CA (PRWEB) March 15, 2013

The REST Report is a third celebration analytics tool provided by RESTReport.com that can assist property owners to avail of the mortgage modifications that are available to them. According to John Gittelsohn at Bloomberg Businessweek,

&#13

The number of properties for sale has shrunk to the lowest level in a decade, easing concerns about a new wave of foreclosures.

&#13

And, even though there are a lot of factors that the foreclosure statistics dropped inside the last year, part of that reason is that much more property owners are receiving their mortgages modified by lending institutions as an alternative of obtaining foreclosed. Thousands of these approvals of modifications and loan workout applications such as the HAMP and HARP applications have been obtained thanks to the REST technique at RESTReport.com. Brandon Moore, chief executive officer of RealtyTrac, said in a recent post on CNNMoney,

&#13

“Applications like HAMP and HARP have absolutely produced a dent in the foreclosure difficulty,”

&#13

Madeline Schnapp of Foreclosure Truth surmises that the increase in foreclosure cancellations is far more likely due to short sales or effective loan modifications rather than filing errors or statutory time frames.

&#13

For many property owners, the REST Report has played a huge element in the good results of these loan modifications. Martin Andelman of IEHI, Inc. says, “Weve run over four,000 REST Reports and their effectiveness is unquestionable”

&#13

RESTReport.com provides help for REST Report licensees that are compliant with the Federal Trade Commissions rulings on Mortgage Help Relief Services (MARS). REST Report licensees are offered with video tutorials, live assist desk assistance, pre-submission package critiques and other tips and methods to make certain that they are fully equipped with how the REST Report is utilized.

&#13

The site is also continuously updated to keep licensees up to date on any new alterations in the modification programs accessible, taking into account, for example, the recent alterations to the HAMP programs. In turn, the licensees are in a position to supply timely assistance to property owners or customers to fulfill their wants and aid them uncover options to their loan problems.

&#13

The calculations utilized take all the details into account and then determine what the best course of action is and what new loan terms, if any, are at the moment accessible and would be most beneficial to the homeowner and the most lucrative for the loan investor. In a lot of instances, the bank or investor holding the loan would acquire much more by modifying the terms of the loan rather than settling on foreclosure.

&#13

Nevertheless, there are cases when the REST Report will show that the only alternative would be to foreclose. But, if the difficulty is detected early on, it can allow homeowners to make changes and possibly keep away from the impending foreclosure. Given that the REST Report provides a detailed and up to date analysis of the loan circumstance, it enables institutions to advise their customers as to what they can do to better their circumstances.

&#13

The Report requires all the guesswork out of applying for greater loan terms and does not leave home owners in the dark as to why their request was denied. If there is a issue, the report will show that issue, and this will give home owners a chance to find a remedy prior to they really submit their application to the bank or loan institution.

&#13

Simply because of the unprecedented quantity of details provided to the homeowners and the fantastic success rate for institutions that use the program appropriately, foreclosure is now becoming avoided by thousands and numerous far more that are facing repossession or foreclosure are discovering how valuable this tool can be.

&#13

Firms that would like to use REST items can apply to grow to be authorized REST Report licensees by filling out a kind on RESTReport.com.

&#13

For more data, please go to RESTReport.com or LoanSafeMods.com for a full overview of all goods and services supplied.

&#13
&#13
&#13
&#13
&#13

Real Consumer Stories of Mortgage Loan Modifications Gone Wrong Detailed in New GoBankingRates.com Investigation

Posted on by


El Segundo, CA (PRWEB) March 20, 2013

According to a Boston Globe write-up from January of this year, close to four million Americans have lost houses to foreclosure, although one more 10 million are at danger of foreclosure in the subsequent handful of years. GoBankingRates.com reached out to home owners presently chasing modification applications in order to avoid related fates, finding it is their lenders who usually stand in the way of a successful mortgage loan modification.

&#13

Brenda C. is just 1 of the numerous victims of mortgage loan modifications gone incorrect. Following suffering job losses and an expensive health-related emergency in the midst of a down economy, she and her husband filed for bankruptcy. They managed to hold onto their home, but necessary a mortgage loan modification to preserve it.

&#13

At the advice of her loan representative, Brenda stopped producing mortgage payments in order to qualify for a modification plan. Nonetheless, after agreeing to a trial period of lowered payments, the lender stopped answering the phone. “It just drug on for months and months previous the three-month trial. I could not get anything in writing from the mortgage business, and our loan rep would not get in touch with us,” she explained to GoBankingRates. Now the couple is facing foreclosure.

&#13

Terri H. knowledgeable a similar ordeal, attempting to have her mortgage modified when a single piece of documentation threw a wrench in the process. “I knew I had sent it in,” she told GoBankingRates, “and when I named, my ‘customer service’ rep told me not to be concerned, every thing was in and to ignore the notice I got.” Thirty days later, Terri received a notice that her modification had been denied and she could apply the following year.

&#13

GoBankingRates managing editor, Casey Bond, states, “After convincing borrowers to take on mortgage loans they couldn’t realistically afford, mortgage servicers are now forcing borrowers to jump via hoops in an try to modify these loans to reasonably priced terms.”

&#13

She adds, “In many cases, these are accountable, well-educated individuals who regrettably fell victim to the mortgage crisis, and now they are left on their personal to choose up the pieces or foreclose.”

&#13

Click here to read their stories.

&#13

For questions about this report or to schedule an interview with a GoBankingRates editor, please use the make contact with details under.

&#13

About GoBankingRates

&#13

GoBankingRates.com is a national web site dedicated to connecting readers with the best interest rates on financial solutions nationwide, as properly as informative personal finance content, news and tools. GoBankingRates collects interest price information from much more than four,000 U.S. banks and credit unions, producing it the only online prices aggregator with the potential to offer the most extensive and authentic nearby interest rate data.

&#13

Get in touch with:

&#13

Jaime Catmull, Director of Public Relations&#13

GoBankingRates.com&#13

JaimeC(at)GoBankingRates(dot)com&#13

310.297.9233 x261

&#13

Source: The Boston Globe, Mixed score on federal mortgage modification program, January 27, 2013.

&#13
&#13
&#13
&#13
&#13

Find Much more Loan Modification Services Press Releases