Tag Archives: Owners

United Law Group Litigating on Behalf of Property owners Victimized By Lenders and Servicers Who Arent Honoring President Obamas Property Cost-effective Modification System (HAMP)

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Irvine, CA (Vocus) December 9, 2009

United Law Group these days announced a plan to aid distressed existing and former homeowners by filing litigation and class action lawsuits against lenders and mortgage servicers. Any person that has been harmed by these firms can get in touch with the firm for a free consultation or to be entered into the class action suit for no charge.

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United Law Group is at the moment reviewing complaints for circumstances against significant monetary institutions which includes Bank of America, Wachovia, Ocwen, JP Morgan Chase, Washington Mutual, and other people. This national law firm has active lawsuits against Bank of America and its subsidiary Countrywide Property Loans, Inc. (case quantity 30-2009 00121999) and JP Morgan Chase and its subsidiary Washington Mutual (case number 30-2009 00122403) for tortuous interference with contract, defamation (slander) and unfair enterprise practices (pursuant to B&ampP Code

New Program Offers Mortgage Reduction Remedy to Home owners Facing Foreclosure

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Las Vegas, NV (PRWEB) January 5, 2010

At a time when one in five American mortgages are upside down in worth, an investment group is offering homeowners a unique new answer.

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Pegasus Investor Group, LLC, is launching a new service offered at mortgage reduction, which purchases homeowners’ mortgages and refinances them so that property owners end up owing significantly less than market place worth on their home – which is a lifesaver to the millions of homeowners who at the moment owe more on their residences then their residences are worth.

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Based on the house and the terms of the loan, the homeowners could find themselves owing tens or even hundreds of thousands of dollars less on their mortgage beneath the terms of their new loan.

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“The new mortgage will be for 60 % to 95 % of the market place value of the property, which will permit the homeowner to commence building equity in their house and also will considerably decrease monthly mortgage payments,” explains Carlos J. Acosta Jr., managing general partner of Pegasus Investor Group, LLC.

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Their mortgage reduction program doesn’t involve tricks like stretching the loan out to 40 years and it doesn’t require ideal credit. It’s a conventional 30 year loan, offered even to home owners with less than ideal credit and with missed mortgage payments.

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The plan also is not a loan modification only a extremely small percentage of loan modification attempts function, so they aren’t a practical answer for most distressed homeowners, Acosta explains.

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A standard example of how Acosta’s program performs would be:

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A individual who owes $ 300,000 on their home, but the home is now worth only $ 200,000. Pegasus Investor Group, LLC, pays off the note (they do not own the deed to the property) and establishes new terms with a new mortgage balance of $ 190k, saving the homeowner $ 110,000 and created $ 10,000 in instant equity.

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Acosta’s group is generating a new style of true estate investment which, alternatively of taking benefit of distressed homeowners by snapping up their properties after foreclosure, really advantages both homeowner and investor.

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They do this by working with government agencies like the F.H.A. and Ginnie Mae, and make their profit by in the end reselling the refinanced loans to other agencies. The homeowner ends up owing significantly less income on their home and paying a reduce month-to-month mortgage payment, and Pegasus Investor Group LLC earnings by reselling the loan.

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Pegasus is capable to negotiate with the bank in bulk quantities, which enables them to get massive discount on the homeowner’s note.

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“This is a scenario exactly where everyone wins,” Acosta explained. “We weren’t interested in making a profit by exploiting folks and taking their properties. We want to assist individuals stay in their properties and rebuild their finances and their credit, and that is what this program does. It genuinely is a win-win solution for everyone.”

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These searching for more information about the new plan could pay a visit to mortgage reduction.

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Nonprofit Agency Launches HomeOwnership.org — a Comprehensive Online Resource To Help Home owners With Loan Modifications and Foreclosure Alternatives

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Riverside, California (PRWEB) January 15, 2010

As shoppers continue to climate the worst housing crisis in 60 years, Springboard Nonprofit Customer Credit Management is pleased to announce the launch of its new web site, HomeOwnership.org. The internet site offers property owners with expert mortgage suggestions, including foreclosure prevention, reverse mortgage counseling and homebuyer education. Springboard is certified by the U.S. Department of Housing and Urban Improvement as a complete housing agency and is accredited by the Council on Accreditation as a provider of high good quality monetary education and counseling services. “Today’s launch of HomeOwnership.org demonstrates Springboard’s commitment to offering the highest level of education and help to property owners in need to have,” said Melinda Opperman, vice president of neighborhood outreach and business relations. “HomeOwnership.org is yet another tool created by Springboard to meet the needs of customers facing a assortment of housing troubles,” said Opperman.

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Homeowners facing foreclosure can schedule a priority counseling session with a certified housing counselor or may possibly get in touch with a designated hotline for quick assist, seven days a week. Distressed home owners can also check out http://www.HomeOwnership.org and enter standard info to figure out the likelihood of a loan modification. In scenarios exactly where homeowners do not qualify for a loan modification, Springboard offers two new applications – the Safe Haven(SM) and Soft Landing counseling applications.

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The Protected Haven(SM) program is developed for the homeowner who has enough revenue but can no longer afford the home due to higher debt and monthly expenditures. The Soft Landing system is created for the homeowner who will not be in a position to remain in the house due to an extended hardship. Both programs were created by Springboard in an work to supply extra choices for distressed homeowners. Springboard’s certified housing counselors are offered seven days a week to support homeowners transition with hope.

Irvine Lawyer Travels Throughout the Holidays to Bring Aid to Property owners In Need to have

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Irvine, CA (Vocus) January 19, 2010

For numerous troubled property owners, the holiday season didnt give a considerably-hoped-for reprieve from foreclosure proceedings. In reality, to some it seemed that bankers had been operating overtime. Fortunately, numerous of those property owners have been not alone. Showing his commitment to supporting families in want, United Law Group Managing Director Robert Buscho place his personal plans aside and traveled to many towns to personally fight to maintain folks from becoming locked out in the cold.

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In one particular case, Buscho boarded a train on December 30, 2009 to seem in the U.S. District Court, Eastern District of California, Fresno Division on December 31, 2009 on behalf of the a family members in response to the Court’s Order to Show Cause. Buscho was in a position to persuade the Court to not only maintain the action alive, but also to order the defendant Bank of America to confer with United Law Group to see if the dispute could be resolved by court-supported mediation. At this date, United Law Group attorneys are preparing a proposed loan modification agreement which will, if authorized, resolve the action and restore ownership to the family.

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In another such case, a family with an infant youngster was locked out by Wachovia Bank for over two hours prior to the hearing. Rather than opting to submit a brief to the court through fax, Buscho boarded yet another train and appeared in the Stanislaus County Superior Court in Modesto on behalf of the household. The firm continues to perform toward a resolution to this familys distress.

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With no legal assistance, households are left to fight for rights they often dont know they have against bankers with deep pockets and a slew of high-powered attorneys, mentioned Buscho. Its incorrect for the banks to bully home owners into eviction. At United Law Group we are focused on supporting home owners via this procedure. If that implies traveling six hours by train to inform a judge they cant let the banks get away with this, then thats what we do.

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The Orange County Register published a story on December 11, 2009 titled Mortgage Relief Reaches Handful of Home owners. The story states that Bank of America completed 98 modifications for 160,000 who signed up for the program. Just over 31,000 received permanent loan modifications below the Obama administrations mortgage relief strategy, a system that set a target of assisting 3,000,000 to four,000,000 men and women.

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Bank of America modified loans for .061% of the people that submitted requests, mentioned Buscho. Lenders as a whole have helped slightly more than 1% of the target set for them by the government. Men and women want help and the banks are sending a clear message that they arent going to give it, even when asked to by the government of the United States.

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In addition to loan renegotiation services, United Law Group also represents consumers in cases involving debt settlement, IRS settlement, auto loan payment relief, breaches of contract and violations of state and federal laws. They have several class action lawsuits pending against significant lenders.

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About United Law Group&#13

United Law Group is a national law firm with offices in California, New York, Florida, Ohio, Nevada &amp Arizona. The firm represents customers in complicated litigation regarding abusive banking practices, breaches of contract and violations of state and federal laws. United Law Group also litigates instances involving bankruptcy, IRS settlements and debt settlements in state and federal courts across the nation. Employing a team of prime-notch attorneys, United Law Group leverages top-edge technologies to manage cases, assistance investigative efforts and ensure accurate, frequent communication with its customers. The firm is forming class action lawsuits in cases exactly where order to supply the best legal counsel to people who might not be in a position to resolve their troubles without having representation.

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]For additional information on United Law Group, visit: UnitedLawGroup.com or get in touch with United Law Group at (800) 680-5717.

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Free of charge Mortgage Modification and Foreclosure Defense Clinic for Property owners Presented by LaBovick & LaBovick, P.A.

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Palm Beach Gardens, FL (PRWEB) February 11, 2010

LaBovick &amp LaBovick, P.A. will hold a Free of charge Mortgage Modification and Foreclosure Defense Clinic for Homeowners at its office in Palm Beach Gardens, Florida from six:00 p.m. to 7:00 p.m. on Wednesday, February 24, 2010 p.m. and again on Wednesday, March 10, 2010. Attorney Scott R. Haft, Esq. and Paul D. Baltrun, Director of Loss Mitigation, each of LaBovick &amp LaBovick, P.A., will conduct the Mortgage Modification and Foreclosure Defense seminar at 5220 Hood Road, Suite 200, Palm Beach Gardens. Space is Limited, and an RSVP is essential to attend these events.

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Managing Shareholder, Brian F. LaBovick, Esq., stated, In the final two years the economy has utterly destroyed the equity for a lot of property owners. In some instances, the family property is now a liability rather of an asset. Recent statistics from the Mortgage Bankers Association show 25 percent of mortgages in Florida have been at least a single payment past due or in foreclosure.

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Nowadays, a lot of households need help. We created the Mortgage Foreclosure Defense and Mortgage Modification Division at LaBovick &amp LaBovick, PA. to assist property owners. We think that home owners in monetary distress deserve a fair deal and that a loan modification can assist offer this opportunity. Foreclosure Defense adds leverage to our capacity to negotiate with a lender. Losing a property to foreclosure is a traumatic experience, and our objective is to support homeowners prevent this tragedy.

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LaBovick &amp LaBovick, P.A.s Mortgage Modification and Foreclosure Defense Division gives clientele a lot of rewards and solutions, such as the following:

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The National Mortgage Complaint Center Offers Dramatic Help For Property owners Cheated By Their Lender/Loan Servicer

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Washington, DC (Vocus) April 5, 2010

The National Mortgage Complaint Center is now supplying a extensive service for honest US property owners stuck in a mortgage mess with their bank, mortgage lender, or house loan servicing division. The group has been auditing mortgage documents for nearly a decade, and is the, or amongst the most quoted sources in the US on the topic of predatory mortgage lending. The National Mortgage Complaint Center is now supplying services for property owners who had been cheated in the procedure of obtaining a residence loan, who are now unable to refinance their property-facing foreclosure, and or are living by way of a nightmare with their loan servicing company due to the fact of misapplied mortgage payments. The National Mortgage Complaint Center is initiating this robust work in the hope of performing a crucial help service for US home owners in the mortgage mess of their lives. The group says, “the most crucial explanation for us creating this mortgage foreclosure, or loan servicing rescue service is basic-most existing US businesses offering these kinds of mortgage support, audit, or mortgage rescue services are scam artists, who want a thousand dollars, or thousands of dollars up front.” The National Mortgage Complaint Center is saying, “we will do our ideal to assist homeowners who are existing, or close to existing on their current mortgage, most have been cheated. We will also attempt to assist property owners living via loan servicing hell, with a mortgage company/bank that has misapplied mortgage payments-making a feasible foreclosure predicament.” For a lot more details please make contact with the National Mortgage Complaint Center at 866-714-6466, or get in touch with the group through its internet site at http://NationalMortgageComplaintCenter.Com&#13

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The National Mortgage Complaint Center says, “many to most of these so referred to as mortgage rescue, mortgage support groups, or mortgage relief organizations are mortgage lead generation firms, they want thousands up front, and they popped up as quickly as the US mortgage crisis started, as yet another way to rip home owners off.” The group is saying, “we have been around for a lengthy time, and we can actually help innocent victims of becoming cheated by their mortgage lender, or bank loan servicing division-offered they are not months, or years behind on their mortgage, and the customer has been generating their mortgage payment.” For honest US homeowners in a mortgage mess, the National Mortgage Complaint Center can assist. For more information please call the National Mortgage Complaint Center at 866-714-6466, or contact the group via its net website at http://NationalMortgageComplaintCenter.Com

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The National Mortgage Complaint Center has been featured on CNN, NPR, or in Newsweek Magazine, The New York Instances, The Wall Street Journal, Good Housekeeping Magazine, Money Magazine, CBS Marketplace Watch, CNN Funds, the International Business Occasions, in the Los Angeles Occasions as “The Great Watchdog, and many other US, or international news sources.

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The National Mortgage Complaint Center charges $ 475 for this service. Shoppers in a mortgage mess can contact the group for a cost-free consultation. The group says,”we will be up front with shoppers-if we can not assist them-we will tell them-no charge. The groups service is developed to establish possible incorrect carrying out on the element of a mortgage lender, a bank, or mortgage loan servicing firm. If we discover wrong undertaking-we will speak to the lender, or loan servicing firm in the hopes of correcting the dilemma.” The National Mortgage Complaint Center is not a law firm, and its mortgage audit &amp inspection service is not an attempt to practice law. For more data please get in touch with the National Mortgage Complaint Center at 866-714-6466, or contact the group by way of its internet internet site at http://NationalMortgageComplaintCenter.Com

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Florida Firm Delivers Revolutionary Principal Reduction Plan To Property owners

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Tampa, FL (PRWEB) May possibly 18, 2010

Todays Residence Solutions of America has what will undoubtedly become the really feel great story of the next few years for several of our nation’s residence owners.

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Contemplate the existing true estate and economic backdrop. The American housing market collapse is of a scope in contrast to what most home owners right now have ever skilled in their lifetimes. Unemployment has improved in all 50 states year more than year and it is nevertheless unknown if we have noticed the peak. Millions of house owners across the country have located themselves paying on a residence mortgage substantially bigger then the current value of their homes. Many can no longer continue to make month-to-month payments and even those that can are walking away from their residences as they envision no possibility of ever achieving good equity.

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While government loan modification applications have been weakly promoted to assist with this national dilemma, they have been predictably ineffective with few borrowers getting approved for permanent modifications. Even those borrowers getting permanent modifications wonder if they have genuinely benefited thinking about they could now be committed to 40 a lot more years of payments and the uncertainty of when they will ever construct equity once more.

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The excellent news is that Todays House Options of America has a program that is great for borrowers, it is good for mortgage companies, it is very good for the economy, and it is very good for the nation … and it really performs. Beginning inside its own state, Todays Residence Options of America is now providing their Principal Reduction Program (PRP) for Florida home owners whose mortgages are underwater.

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What are the advantages to the homeowner?&#13

1. Remove all unfavorable equity&#13

2. Reduce principal balance to 90% of existing market place worth&#13

3. Monthly mortgage payment lowered by 25%-50%&#13

4. Obtain 10% immediate equity

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What are the qualifications for this program? &#13

1. Need to own a house in Florida.&#13

two. Need to be upside down by at least 25%.&#13

three. Should have documented revenue to cover for the new mortgage at the existing industry worth

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How a lot does it cost?&#13

1. One time totally refundable fee of $ 1,595 to cover the expense of three appraisals, 2 credit reports, 2 title O&ampE policies, application fee &amp processing&#13

2. If the firm can not lessen the loan principal within 180 days, the one particular time charge is fully refundable

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For further information on the Principal Reduction Program, please go to the organization internet site at http://www.floridaprincipalreduction.com.

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This is the greatest choice accessible to a homeowner who wants to hold his property and can afford to make a payment based on the present industry value. The homeowner will never lose title or home ownership said Bruce To, co-founder of Todays Residence Options of America (http://www.todayhomesolutions.com)

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Home Options of America plans to offer this system nationwide by the third quarter of this year. For much more information about this plan, please check out our site at http://www.homesolutionsfund.com.

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About Today Property Options of America:

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Todays Home Solutions of America is a skilled organization supplying real estate, mortgage, residence solutions, and connected services. The expertise of our principal reduction agents permits us to aid property owners remain in their properties with a decrease mortgage and month-to-month payment. Our firm website also offers a distinctive and easy procedure for people interested in acquiring houses as a location of residence or for investment. In addition, Todayhomesolutions.com functions thousands of brief sale properties, foreclosures, bank owned and MLS listings with color photos, descriptive info, and costs.

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Tom Nguyen&#13

These days Property Options of America&#13

Phone: (888)-392-8640&#13

Fax: (813)-315-6004&#13

http://www.todayhomesolutions.com

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Customer Protection Legal Solutions, Inc. Leads the Field Again in Helping Home owners with Mortgage Problems

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Orange County, California (PRWEB) Could 28, 2010

Customer Protection Legal Services, Inc. leads the field again in Helping Homeowners with Mortgage Problems.

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Consumer Protection Legal Services, Inc. , a California law firm, has helped countless consumers save their house from the terror of dishonest and unscrupulous Banks and other Lenders.

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Customer Protection Legal Solutions, Inc. has sued more Banks in Orange County than any other Law Firm. CPLS has located much more loans that are fraudulent or with lending violations, than any other law firm devoted to helping Home owners save their house from foreclosure and sale.

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By way of its proprietary application and detailed client questionnaire and interview processes, Customer Protection Legal Services, Inc., (CPLS) is able to locate the bank loan fraud that is destroying homeowner’s property and safety.

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Consumer Protection Legal Services, Inc. was not too long ago involved in assisting in the establishment of one of the Western United States’ most customer friendly court mandated mortgage loan modification programs, established by the Orange County, California Superior Court system. The plan is overseen by Judge Nakamura, among other properly-known jurists.

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Presently, Customer Protection Legal Services, Inc. is working on a main Federal Court case, difficult the significant Banks’ abuse of buyers and the misuse by the Banks of the California State Court technique, in getting homeowners’ lawsuits dismissed in violation of statutorily needed procedures.

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The founder of Customer Protection Legal Solutions, Inc., INC., Gary Lane, is a properly-identified Southern California Lawyer, who has been practicing because 1972. Lawyer Gary Lane has also served as the Dean of many law schools. He is also the author of several books and has appeared on radio and tv.

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Homeowners in problems with their mortgage should get in touch with Customer Protection Legal Services, Inc. to see how we can help them.

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Customer Protection Legal Services, Inc. &#13

2911 South Bristol&#13

Santa Ana, CA 92704&#13

1-800-991-7634&#13

http://www.4cpls.com

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Public Awareness Campaign Empowers Home owners to Combat Loan Modification Scams

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Riverside, CA (Vocus) June 12, 2010

These days in Riverside, a partnership of local, state and national government agencies, nonprofit organizations and financial institutions gathered at the steps of City Hall to launch a public education campaign created to help homeowners safeguard themselves against loan modification scams, uncover trusted help and report illegal activity to authorities. This was amongst numerous kickoff events held in recent months in cities across the nation to announce the Loan Modification Scam Alert campaign, a national initiative developed to combat loan modification scams.

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The national foreclosure rate has reached an all-time high, and millions more foreclosures are expected in coming years. As the foreclosure rate grows, much more and far more home owners are getting deceived by scam artists who prey on their fears, mentioned Eileen Fitzgerald, Chief Operating Officer of NeighborWorks America. This campaign is based on the belief that expertise is the best defense, which is why the campaign equips property owners with the tools they require to minimize their risk and cease scammers in their tracks.

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The regional kickoff occasion featured representatives from Riverside and San Bernardino Counties, the regional faith-based neighborhood, the Greater Business Bureau of the Southland, the Federal Reserve Bank of San Francisco, the Federal Deposit Insurance Corporation, the Federal Trade Commission and regional housing counseling agencies, including the Fair Housing Council of Riverside County, Neighborhood Housing Services of the Inland Empire, Neighborhood Partnership Housing Solutions and Springboard Nonprofit Consumer Credit Management. Also present had been nearby homeowners who shared their individual experiences with loan modification scams to inform other homeowners in their neighborhood about this activity.

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NeighborWorks America will coordinate the nationwide work through its 235 community-primarily based affiliates and other neighborhood, state and national companion organizations, like the Department of Housing and Urban Improvement (HUD), the Federal Trade Commission, the U.S. Division of the Treasury, Fannie Mae, Freddie Mac and the Lawyers Committee for Civil Rights Below Law.

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Together, the partners aim to attain thousands of distressed property owners in hundreds of communities at higher threat for fraud activity. The campaign will target all audiences, but its sources are focused sharpest on these groups that have already observed high levels of scam activity, including seniors, Hispanics, African Americans and Asian Americans.

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As element of the campaign, details, 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 go to the Internet internet site to access campaign components offered for download and distribution in their region.

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By way of real-life scam stories, collateral materials, print marketing, regional radio PSAs, events, word of mouth and social media activity, the campaign will educate the public about the warning signs of a loan modification scam. Borrowers have to steer clear of any person or firm that asks for a charge in advance, guarantees a loan modification or tells you to spend them alternatively of paying the mortgage. Only a lender can assure a loan modification and they do not charge, said Richard Castro, communications manager for NeighborWorks America.

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Homeowners are also urged to report scam activity at after to the correct authorities via the campaign Net internet site and hotline. We want to tension how essential it is for individuals to discover the signs of a scam and rapidly report any encounter that just doesnt ring accurate, said Castro. Scammers are out there attempting to take advantage of people in a challenging spot. The campaign is producing it less complicated for property owners in distress to fight back, and help us shut scam artists down.

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About the Housing Possibilities Collaborative of the Inland Empire &#13

The Housing Possibilities Collaborative of the Inland Empire (HOCIE) is comprised of organizations functioning collectively sharing greatest practices and resources to deliver complete help to individuals and households in their quest for sustainable homeownership.

Debt Relief Center Offers Public Service Announcement On How Home owners Thinking about Bankruptcy Will Be Affected By Hamp

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Salt Lake City, UT (Vocus) August five, 2010

With the 2008 economic crash in the United States, several new programs have been devised beneath the Monetary Stability Act of 2009. The Property Inexpensive Modification System (HAMP) is one particular of these federal applications that aims to ease the burden of the borrower. The American Debt Relief Center, primarily based in Utah, desires to remind homeowners that filing for bankruptcy does not disqualify them from modifying their mortgages pursuant to HAMP. HAMP is a plan that encourages mortgage lenders to decrease monthly payments, cease foreclosure activity, and lessen interest rates and a number of other borrower friendly incentives. Although some think that filing bankruptcy will have an effect on their eligibility for such perks, The American Debt Relief Center wants to remind the public that as long as your loan meets the other criteria for eligibility, bankruptcy is not a barrier from benefiting from the program.

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The American Debt Relief Center is a law office designated by the federal government as a debt relief agency, authorized to file bankruptcies, which includes Chapter 13 Bill Consolidation programs. They have never ever been a lot more suited to assist those with queries about HAMP, as they are pleased to announce the hiring of William J. Evans, not too long ago graduated from BYU with a BA degree in English and Andrew W. Luikart as legal assistants.

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In all, the American Debt Relief Center has helped thousands of folks and households acquire a fresh commence with out the burden of debt. For further data regarding Chapter 7 and Chapter 13 choices, contact the 24-hour recorded message at 801-583-BILL (2455).

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The American Debt Relief Center a Salt Lake City debt consolidation law workplace was founded with the intent to support individuals remove their debt and safeguard their assets. Their Utah bankruptcy attorneys have more than 40 years of combined knowledge and know how to function with creditors and the courts on your behalf. Federal law entitles you to protection from garnishments, repossessions, foreclosures, lawsuits and judgments and theyll aid you discover the relief.

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