Tag Archives: Owners

Brief Sale Specialists in Los Angeles Housing Assist of America Continues to Support Stop Foreclosures for Owners of Distressed Properties

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Los Angeles, CA (PRWEB) August 20, 2009

Housing Assist of America, America’s #1 Brief Sale Specialist announced a 75% achievement price for helping distressed home owners for the duration of the nations housing crisis. With a lot more than 336,173 foreclosure filings reported in the month of June, 2009 and 1,905,723 foreclosure filings, default notices, auction sales notices and bank repossessions we reported on 1,528,364 U.S. properties in the course of the initial six months of the 2009 year. These numbers represent a 15% increase in total property filings for 2009 and the fourth straight month of 300,000 filings.

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“The numbers say that this is a vital time not only for the housing market, but much more so for the property owner,” said Housing Assist of America President, Aram Afshar. “We speak and meet with hundreds of individuals a month who are on the verge of losing their property and not becoming capable to purchase an additional one for ten years because of foreclosure. For a lot of of them, this was the biggest and most emotional acquire they have ever produced in their lives, and you can feel and hear the pain that comes with their circumstance and we truly want to support.”

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Those who have filed for foreclosure realize that it will negatively have an effect on their credit score and their capability to purchase a residence in the coming years. For the hundreds of thousands who have filed for foreclosure or who are on the verge of foreclosure, many of them did not or never know that there is yet another alternative short sales!

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Although foreclosure is a way out of a undesirable loan, there are lengthy term consequences to this choice. On the other side of foreclosure, there is the option of a Short Sale. Brief Sales place an instant cease to foreclosure and only impacts your credit rating minimally staying on your credit report for two years and lowers your credit score by 80 – 120 points.

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Brief Sales are a way to save much more than your credit score, a poor loan and the possibility of acquiring a new house in two years. It reduces tension and gives you a little of your piece of mind back.

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Take a moment to visit the Housing Assist of America website to see how you can advantage from their free of charge Brief Sale, Loan Modification, Refinancing, VA solutions and much more.

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About Housing Assist of America:&#13

With more than 30 years experience in Genuine Estate, Housing Help of America proudly solutions thousands of homeowners who are struggling with their mortgage payments. The organization was formed in an effort to give property owners with the honest service that they deserve in these rough occasions. Housing Help helps homeowners map out the next many years for them, in showing how particular decisions will lead them to a brighter future and we will negotiate a resolution that is hugely advantageous for all parties involved. Their intense concentrate on each certain homeowner is why they are the nation’s leading short sale and loss mitigation specialist in actual estate. For much more details, please check out http://www.HousingAssist.com.

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Nearby Agent Releases New Report Outlining Simple Options for Home owners In search of to Keep away from Foreclosure

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Chapel Hill and Durham, NC (PRWEB) February 7, 2011

Regional CDPE-designated agent, Jodi Bakst with Group Jodi has created a web site report providing info regarding the availability of lender and government programs to avoid foreclosure, such as the Residence Reasonably priced Foreclosure Alternative Program, or HAFA.

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This community resource is accessible at http://www.ShortSalesinNC.net and explains the rewards of brief sales, or promoting a house for much less than the current mortgage quantity owed. Positive aspects consist of decreased damage to credit, protection of security clearance and the potentially harmful impacts of foreclosure on employment. Some programs supply money incentives for property owners who are struggling with mortgage payments and effectively comprehensive a short sale or deed-in-lieu of foreclosure.

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Lenders and the federal government have lately updated and enhanced their foreclosure avoidance programs, creating much more members of our neighborhood eligible for assistance. Bakst mentioned. With this report, Im displaying homeowners the advantages of brief sales to their economic futures, and to the stability of our neighborhood.

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In late December 2010, the Division of the Treasury updated and improved eligibility requirements for the HAFA plan. They also enhanced efficiency guidelines for lenders, streamlining the process and generating it a far more powerful resolution for home owners to keep away from foreclosure.

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Outline of government programs, loan modifications and short sales have been displaying vast improvements, Bakst stated. Lenders are ramping up their resources and putting systems in place to make their foreclosure option programs a lot more effective.

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The CDPE Designation Bakst has acquired offers a particular understanding of the complicated troubles confronting distressed homeowners. By means of complete training and knowledge, CDPE-designated agents are capable to offer solutions for homeowners facing financial hardship in todays market place.

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To discover far more, pay a visit to http://www.ShortSalesinNC.net.&#13

For a lot more data about the CDPE Designation, visit http://www. CDPE.com.

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M3 Method Site Launch: Quick Refinance and Loan Modification Authorities Serving Property owners Nationwide

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Scottsdale, Arizona (PRWEB) September 1, 2009

In a serious climate of economic uncertainty, tightened lending practices and a battered genuine estate market place arrives a ground-breaking method to provide relief for home owners across the nation. On Aug. 25, M3 Method launched a new Internet web site, debuting a complete collection of homeowner sources and a distinctive boutique of loss mitigation solutions, including loan modifications and brief refinancing.

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“M3 Method functions on the principle of empowering the American homeowner,” stated David Reichner, Director of Marketing and advertising at M3 Strategy. “These who method lenders without having competent representation are at an instant disadvantage. We offer the implies for loan modification or a short refinance, in addition to several other loss mitigation avenues that protect properties and bring peace of thoughts to households nationwide.”

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Reichner mentioned that even with President Barack Obama’s new loan modification strategy, which has reserved $ 75 billion in federal funds to revise toxic mortgage scenarios, a lot of American home owners are thwarted by copious bureaucratic obstacles.

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“The abundance of troubled mortgages has all but crippled loss mitigation departments at most lending institutions. These are generally little departments with limited resources. The process can be time-consuming and the outcomes are often objectionable. We’re right here to demystify the loan modification procedure and get the outcomes home owners need to have.”

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According to Reichner, productive loan modification includes a scientific enterprise approach. “Mortgage modifications need to be structured properly in order to perform. When negotiated properly, loan modification can make lower interest prices, fewer charges and reduced monthly loan payments. By and massive, the outcome should generate a much healthier mortgage predicament.”

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For short refinancing, Reichner said that M3 Technique navigates the complete procedure, negotiating with the lender to accept a brief payoff that corresponds with the present market worth of the property. “For these in good standing with their mortgages, a short refinance is an excellent remedy that can help reverse unfavorable equity and reduce mortgage payments.”

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In addition to loan modification and quick refinancing, M3 Technique delivers conventional mortgage services, as effectively as specialty services in debt negotiation, credit restoration and all forms of loss mitigation. “By design, our solutions help home owners in distress by totally repositioning them in the true estate market place,” mentioned Reichner. “Those facing loss of equity, financial hardship or any other adverse circumstances can really discover relief.”

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Reichner also stated that M3 Technique has quite a few resources at their disposal and can address almost any circumstance. “Whereas other loss mitigation professionals may possibly merely organize the paperwork, M3 Approach fights for a better resolution. Whether past denial or knee-deep in foreclosure proceedings, help is right here.”

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About M3 Strategy

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M3 Strategy delivers unrivaled options for American property owners, fighting for healthier mortgage conditions and viable options to foreclosure. Formed in 2009, with central offices in Scottsdale, Arizona, M3 Technique is a dedicated team of legal professionals, loss mitigation authorities and nationally recognized mortgage professionals who specialize in loan modification and quick refinancing. With many years of market expertise, M3 Strategy is committed to liberating home owners and offering the peace of mind they deserve.

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For much more data about M3 Strategy, contact Reichner at (866) 602.7542 or pay a visit to the Web site at http://www.m3strategy.net/.

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“Government’s Program to Rescue Distressed Property owners Hampered by Missing Piece,” says Actual Estate Industry Veteran Laurie Moore-Moore

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Dallas, TX (Vocus) September 9, 2009

The U.S. Treasury Department estimates that in the subsequent 36 months as numerous as 7 to 9 million American homeowners could face losing their properties via foreclosure. To supply assist, the government created the Making Residence Inexpensive (MHA) Program to offer loan modifications and other foreclosure options to property owners with valid hardships. Numerous pundits complain that the program is off to a slow start. “America’s million-plus REALTORS

Feldman Law Center Supports Lawyer General’s Efforts on Behalf of Home owners

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Mission Viejo, CA (PRWEB) September 28, 2009

The Feldman Law Center, 1 of California’s premier loan modification law firms, has announced its assistance of California State Lawyer Common Jerry Brown’s intentions to defend home owners from underhanded loan modification businesses.

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California loan modification attorney Steve Feldman, who heads the The Feldman Law Center, stated “Efforts to safeguard property owners from shady and even illegal loan modification organizations are essential. Whilst we may possibly haggle over the details, our California loan modification attorney group is as dedicated as the California Attorney General in protecting the public.”

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Mr. Feldman went on to say, “The Feldman Law Center’s loan modification team has really gone out of its way to aid people who were previously taken advantage of by unethical loan modification firms. We feel a sense of duty to aid these homeowners who have been taken benefit of and have no location else to turn.”

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The Feldman Law Center holds itself to the highest ethical standards, striving to supply property owners with efficient solutions to their foreclosure issues. Our attorneys are dedicated to assisting distressed home owners who have been taken advantage of by banks, mortgage servicers or by other loan modification businesses.

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Loan modification organizations can take advantage of home owners in a numerous diverse methods:&#13

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Loan Modification Company Desires Property owners to Recognize SB 94

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Del Mar, CA (PRWEB) October 22, 2009

On Monday, October 12, it was announced that California Governor Arnold Schwarzenegger had signed SB 94 into law, efficiently ending the practice of loss mitigation organizations charging advance charges.

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American Mitigation Law Group, a law firm serving the California loan modification marketplace, is a proponent of SB 94 and had been employing the “No Advance Fee” model properly ahead of the law was enacted. The organization is hopeful that situations of fraud in the sector will be considerably lowered as firms are held more accountable for how they charge for their services.

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Even so, it really is crucial to note that the passage of the law is only one particular step to curbing fraud in the business. Homeowner education is each and every bit as crucial since fraudulent companies can manipulate these that haven’t been correctly educated on the problem.

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For example, the California Division of Actual Estate has long maintained a list of individuals and businesses that had been issued “No Objection” letters to their advance fee-primarily based contract.

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Even although the DRE especially states on its web site that these agreements are no longer valid below SB 94, some companies might still attempt to use it on unsuspecting property owners.

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AMLG would like to make sure this does not occur and that anyone engaging in discussions about a loan modification is conscious of their rights under SB 94.

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As such, the firm has established an SB 94 Regularly Asked Inquiries resource on its residence loan modification website. Basically click on “Resources” across the best menu and select “California SB 94.”

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The questions and answers contained inside the FAQ must aid these in need to have of a loan modification far better recognize SB 94 and prepare themselves for any discussion with a loss mitigation firm.

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Property owners ought to be advised that a lot of firms are struggling to grow to be compliant with the new regulations below SB 94 however, AMLG, is undertaking organization as usual following months of experience carrying out loan modifications in a manner now essential by law.

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Rather than struggling to become compliant, the company can focus all its efforts on its client’s requirements and it will be capable to continue delivering resources and help that make a distinction to those in need of help.

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National Campaign Empowers Property owners to Combat Loan Modification Scams and Support Property owners Facing Foreclosure

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Los Angeles, CA, (PRWEB) October 26, 2009

Right now in Los Angeles, a partnership of regional, state and national government agencies, nonprofit organizations and monetary institutions gathered at City Hall to launch a national public education campaign designed to aid property owners shield themselves against loan modification scams, locate trusted help and report illegal activity to authorities. This was the first of numerous kickoff events scheduled to announce the “Loan Modification Scam Alert” campaign rollout in main cities across the country.

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The national foreclosure rate has reached an all-time higher of 7.97 %, and millions more foreclosures are anticipated in coming years. “As the foreclosure price grows, a lot more and far more home owners are being deceived by scam artists who prey on their fears,” mentioned Eileen Fitzgerald, Chief Operating Officer of NeighborWorks America. “This campaign is primarily based on the belief that expertise is the best defense, which is why the campaign equips home owners with the tools they need to have to reduce their risk and quit scammers in their tracks.”

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Los Angeles is a single of numerous metropolitan regions in California to consistently rank amongst cities with the highest foreclosure prices. It has the highest quantity of homes in foreclosure in the nation. “Too many residents in Los Angeles, like homeowners nationwide, are losing thousands of dollars and their homes to scam artists who make massive promises and then do small or nothing to support them save their houses,” said Los Angeles Mayor Antonio Villaraigosa. “Anyone can be a victim and the folks of Los Angeles need to have to know what resources are obtainable to them. They need to have to know that legal aid groups, financial institutions, and HUD-certified counselors are supplying free of charge solutions to any individual seeking aid.”

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In April, Mayor Villaraigosa announced a path breaking city ordinance to improve protections for Angelenos against fraudulent mortgage loan modifications. This measure – the 1st of its sort in the United States – fills a crucial gap in the regulation of mortgage consultants and grants rights to homeowners at danger of foreclosure. The ordinance protects homeowners, imposes harsher penalties on scam artists, and informs Angelenos of their rights as residents of Los Angeles.

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In addition to remarks from Mayor Villaraigosa and Ms. Fitzgerald of NeighborWorks, the kickoff occasion featured representatives from LA City Council, the nearby faith-based community, the Federal Trade Commission and Los Angeles Neighborhood Housing Solutions, Inc. Also present had been local home owners who shared their individual experiences with loan modification scams to inform other property owners in their community about this activity.

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NeighborWorks America will coordinate the nationwide effort by means of its 235 neighborhood-primarily based affiliates and other neighborhood, state and national partner organizations, such as the Department of Housing and Urban Development (HUD), the Federal Trade Commission, the U.S. Department of the Treasury, Fannie Mae, Freddie Mac and the Lawyers’ Committee for Civil Rights Under Law.

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With each other, the partners aim to reach thousands of distressed home owners in hundreds of communities at higher danger for fraud activity. The campaign will target all audiences, but its sources are focused sharpest on those groups that have already seen higher levels of scam activity, like seniors, Hispanics, African Americans and Asian Americans.

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As portion of the campaign, information, resources and reporting capabilities are now available around the clock at http://www.LoanScamAlert.org and by calling 1-888-995-HOPE (4673). Community groups might also visit the Net website to access campaign components available for download and distribution in their area.

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Via real-life scam stories, collateral components, print advertising, neighborhood radio PSAs, events, word of mouth and social media activity, the campaign will educate the public about the warning indicators of a loan modification scam. “Borrowers have to keep away from any person or firm that asks for a charge in advance, guarantees a loan modification or tells you to spend them rather of paying the mortgage. Only a lender can guarantee a loan modification and they do not charge,” mentioned Lori Gay, president and chief executive officer of campaign companion Los Angeles Neighborhood Housing Services, Inc., 1 of the 235 organizations in the NeighborWorks network.

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Property owners are also urged to report scam activity at as soon as to the proper authorities through the campaign Internet web site and hotline. “We want to stress how essential it is for folks to find out the indicators of a scam and quickly report any encounter that just does not ring accurate,” mentioned Tom Syta, assistant director of the FTC’s Western Region. “Scammers are out there attempting to take advantage of people in a difficult spot. The campaign is creating it simpler for property owners in distress to fight back, and aid us shut scam artists down.”

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The partnership has designated November as “National Loan Modification Scam Awareness Month” and will market a variety of particular events and initiatives throughout the month. In the coming weeks, the campaign will also travel to Miami (Oct. 29) and Columbus (mid-November). For far more information about the campaign go to http://www.LoanScamAlert.org.

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A Webcast of the Los Angeles occasion will be available on-demand anytime after noon PST on Oct. 26 at: http://media.xfactorcom.com/loanmodificationscamalert/20091026/.

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About NeighborWorks America

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NeighborWorks America is a national nonprofit organization designed by Congress to offer monetary support, technical assistance and coaching for neighborhood-based revitalization efforts. NeighborWorks contains a national network of 235 neighborhood-primarily based organizations in 50 states, which strives to develop healthier communities by way of the operate of thousands of residents, enterprise folks, government officials and other partners.

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United Law Group to Litigate on Behalf of More than 40,000 Home owners Against Main Servicers and Lenders for Alleged Improprieties

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Irvine, CA (Vocus) November 4, 2009

United Law Group announced the formation of Class Action lawsuits against Bank of America, Countrywide, Washington Mutual, JP Morgan Chase, Wachovia, Ocwen and several others. More than 40,000 defendants are involved in the suits, alleging unfair- and deceptive-practices.

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In a recent post on MSN titled, Should You Sue Your Lender, Christopher Solomon of MSN True Estate writes, As America’s subprime lending mess evolves from a storm on the horizon to a real nationwide deluge, an increasing quantity of homeowners are turning to the courts for support with the loans they can not afford.

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United Law Group is currently reviewing complaints from property owners. This national law firm has active lawsuits against Bank of America and its subsidiary Countrywide Home Loans, Inc. (case number 30-2009 00121999) and JP Morgan Chase and its subsidiary Washington Mutual (case quantity 30-2009 00122403) for tortuous interference with contract, defamation (slander) and unfair business practices (pursuant to B&ampP Code

Bank of America Delivers Ideas to Home owners to Streamline the Modification Procedure

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Calabasas, CA (PRWEB) December 4, 2009

In todays economic atmosphere, many home owners are struggling to preserve up with their monthly mortgage payment. New and established homeownership retention and foreclosure prevention applications provided by mortgage servicers and the federal governments Creating House Reasonably priced (MHA) can help ease some of the burden.

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Within MHA, the Home Cost-effective Modification Plan (HAMP) gives borrowers who have knowledgeable a economic setback an chance to possibly accomplish far more affordable mortgage payments by guaranteeing the payments are no a lot more than 31 percent of their monthly gross revenue. It begins with a trial period when borrowers are needed to make adjusted month-to-month payments for three months. During the trial period, borrowers need to submit specific documents to verify their revenue to qualify for a permanent modification of their loan terms. If the info and the trial period payments are not received by the servicer in a timely style, borrowers will be unable to continue in the program.

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The first step struggling homeowners ought to take is to have their financial documents in order, mentioned Ken Scheller, who manages the House Retention Division for Bank of America Property Loans. Servicers will ask distinct concerns about income and hardship to aid greater understand the homeowners situation and figure out the best options obtainable.

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Homeowners who have fallen behind on their mortgage payments or are at imminent risk of falling behind on their mortgage payments due to a monetary hardship could be eligible for HAMP. Suggestions to the plan were created by the government and apply to property owners who meet the following qualifications: &#13

Property owners Urged to Seek House Foreclosure Help Customer Lawyers of America Site Now Offers Immediate Access to Education and Legal Counsel

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Jupiter, FL (PRWEB) December 8, 2009

With a record quantity of foreclosures and bankruptcies across the nation and no end in sight, Henry Portner, nearby bankruptcy and foreclosure lawyer, reports, “We have never seen such pain in our 35 years of representing clients.” He also reports that what they see in the trenches is contrary to what he has heard from the media and the government. In response, his law firm, specializing in foreclosure defense and debt management, is now delivering a internet site to educate and serve buyers.

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Consumerlawyersofamerica.com offers a wealth of information on deficiency judgments in Florida and other states, predatory lending practices, false claims produced by the foreclosing celebration to preserve consumers in the dark, and far more info on bankruptcy, quick sales, loan modification and other topics that can be confusing.

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Executive director for the firm Alan Palange explains, “Most shoppers have no sense of how to defend themselves and many times sit on the valuable rights they have. What surprises us the most is the reaction most buyers look to take, which is to put their heads in the sand for as extended as feasible. Even though we can normally assist those who put off contacting us for residence foreclosure assist, we want to encourage consumers not to wait. We can be of even much more aid when clientele come to us at the very first sign of problems.”

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A consumer driven organization, Consumer Lawyers of America is an organization of licensed attorneys, with several years of encounter working with lenders in foreclosure defense.

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Managing companion Henry Portner says that if buyers knew how numerous viable defenses they have, rather than becoming intimidated by their lenders, they would take swift legal action to protect themselves, their homes and their futures. He explains, “The banks, lenders and servicers are normally acting in poor faith when they deal with the customer. For example, numerous occasions we’ll hear from our clients that the lender mentioned they must not be concerned about the home foreclosure as their file is in review and that an answer must be coming soon. The answer seems never ever to come, and all along the lender is moving forward with the foreclosure whilst the homeowner does absolutely nothing.”

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Portner also reports that a lot of of these loans are deficient in ways that give a implies for defense to the foreclosure action, and states that a lot of instances the lender can not locate the original promissory note, and if the note does surface, it does so along with concerns with the assignments from one celebration to another becoming improperly executed.

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Deficiency Judgments also look greatly misunderstood, according to Portner and Palange. These attorneys and other folks in the organization have set up Consumerlawyersofamerica.com to make certain consumers know that lenders will get a deficiency judgment in most cases right after a foreclosure and will chase down the consumer for years. With helpful resources and expert counsel, consumers can be aware of the harm that can be carried out when deficiency judgments are passed and, for instance, private garnishments begin. Such actions offered to the judgment holder can imply lengthy-term economic loss that could otherwise be addressed by competent foreclosure defense.

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As a licensed law firm in six states (Florida, Georgia, New Jersey, Colorado, Pennsylvania and South Carolina) Customer Lawyers of America, PA is properly aware of what is happening and concerned about the future, with a lot of foreclosures however to be filed. Info and direct access to legal help is accessible at the ConsumerLawyersofAmerica.com site.

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About Customer Lawyers of America, PA:

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A law firm licensed in six states Florida, Georgia, South Carolina, Pennsylvania, New Jersey &amp Colorado, Customer Lawyers of America PA specializes in foreclosure defense, bankruptcy, and debt settlement. The firm is a customer driven organization that operates to defend and protect the consumer. Henry Portner, Managing Partner, is a licensed lawyer for 38 years and holds a Masters Degree in Taxation. He has served as an adjunct professor at Temple University in Philadelphia, PA. Henry Portner is admitted to U.S. District Court, U.S. Court of Appeals, U.S. Tax Court and U.S. Supreme Court. Customer Lawyers of America is committed to standing up for shoppers and modest businesses fighting against effective banks and massive corporations.

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