Tag Archives: Owners

Multi-Celebration Suit Filed By Property owners Against Bank of America et al

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Roseville, California (PRWEB) August 24, 2011

On Wednesday August 17, 2011, United Foreclosure Lawyer Network (UFAN) filed suit in Superior Court in Sacramento, CA (case number 34-2011-00109314) on behalf of more than 100 homeowners against Bank of America and other people alleged by Plaintiffs to be involved in a scheme to defraud and otherwise take benefit of American homeowners.

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According to UFANs managing attorney Kristin Crone, This is a chance for home owners to fight for their rights. And, it will be a fight. The complaint particulars how a vast quantity of property owners nationwide are facing mortgage debts far higher than the value of their homes. Some property owners lost what equity investments they had in their houses when the housing marketplace crashed.

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The lawsuit levies blame for the crash of the mortgage market place against large banks and mortgage lenders. According to the complaint, among 2000 and present, mortgages had been packaged up in pools and the pools have been sold to investors. Because a bank could rapidly recoup amounts spent issuing mortgages by the sale of these pools of mortgages (otherwise known as Residential Mortgage Backed Securities, or RMBS), the banks incentivized mortgage brokers and lending institutions with higher fees for origination (yield spread premiums, origination charges, and discount costs). These fee incentives encouraged the origination of hugely predatory loans to men and women who could not afford the loans extended term, the complaint alleges.

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The complaint alleges that the terms of the loans have been complicated and tough to comprehend even for sophisticated borrowers. A lot of of the loans had a two to five year period of a low fixed interest price and interest only payments. Most home owners were promised a refinance prior to the increased payments due at the end of the fixed rate period. But, when the time came to refinance, in spite of the truth that the monetary scenario of the borrower a lot of times remained the same, no refinance was provided. In some instances, refinances or loan mods were granted but they truly improved the borrowers month-to-month payment and/or necessary a huge money payment up front of $ ten,000 or far more.

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Court documents show that the lead Plaintiff in the case, like several others, was told by Bank of America to quit her mortgage payments in order to be considered for a loan modification. The homeowner stopped her payments and started negotiations for far more fair terms with the bank. Smartly, the homeowner saved money so she could bring her loan existing if negotiations had been not fruitful. The complaint alleges that she was promised her home would not be foreclosed even though she was being regarded for a loan modification. She told bank representatives that she could bring her loan current if it was going to sell. Court documents show that the bank promised her the foreclosure would be postponed. It was not. This client has now permanently lost her property to a third party buyer.

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UFAN plans to bring claims against all of the key banks on behalf of property owners within the subsequent handful of months. Our consumers want to fight for their rights and they are just asking for a fair shake, says Ms. Crone. We are attempting to give them the likelihood to be heard and to try to stay in their homes under affordable loan terms. The banks have been providing everyone the runaround by way of loss mitigation departments that repeatedly shed documents and claim to perform with homeowners whilst selling their residences out from beneath them. Filing suit was a last resort for many of our clients, but the bank produced it appear as if it was the only way to truly get their focus.

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Complementary consultations offered.

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ABOUT UNITED FORECLOSURE Attorney NETWORK

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The United Foreclosure Attorney Network (UFAN) is a Roseville, California-based law firm practicing on the cutting edge of mortgage fraud and foreclosure defense. UFAN represents consumers who have been victims of predatory lending and/or wrongful foreclosure. The committed attorneys and employees at UFAN perform tirelessly to seek justice for fraudulent mortgage practices and fight for the rights of American property owners. For far more details contact toll free of charge 1-866-400-4242.

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This release might constitute attorney advertisement. The data in this release and on the United Foreclosure Lawyer Network (TheUFAN.com) internet site is for basic details purposes only. Absolutely nothing in this release or on the United Foreclosure Attorney Network (TheUFAN.com) website ought to be taken as legal advice. Prior successes are no guarantee of future overall performance. Litigation is inherently uncertain and benefits in litigation are in no way assured.

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Homeownership Preservation Foundation Offers Help, Six Warning Indicators of Foreclosure Scams to Avoid Property owners Falling Prey to Rip-offs

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Washington, DC (PRWEB) October 18, 2010

Details about individual foreclosures is publicly offered, with any person able to access info such as the owner’s name and address, and in some states, other sensitive information. This signifies that homeowners in foreclosure can become the target of mortgage loan scammers who seek to take advantage of their predicament. The Homeownership Preservation Foundation (HPF), which gives data and financial education to guide customers toward the path of sustainable homeownership, is alerting homeowners to resources that will aid them keep away from getting victimized by unscrupulous firms conducting mortgage loan modification and foreclosure rescue scams. The Homeowner’s HOPE Hotline, 1-888-995-HOPE, is a central point of speak to for homeowners who believe they may be a victim of a scam.

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1-888-995-HOPE Accessible Resource for Property owners to Report Fraud

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“One particular of the most devastating aspects of the present economic crisis for property owners is the prospect of losing their properties to foreclosure, and to add to their distress, a lot of property owners have fallen victim to foreclosure help scams,” said Colleen Hernandez, CEO of the Homeownership Preservation Foundation. “Never be fooled. You can find specific guidance on how to keep away from mortgage loan scams by calling 1-888-995-HOPE or going to the web site at http://www.995HOPE.org,&ampquot said Hernandez.

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HPF has formed a coalition with NeighborWorks America, HUD, Fannie Mae, Freddie Mac, and the Lawyers Committee for Civil Rights Below Law to curb foreclosure rescue scams. The Homeowner’s HOPE Hotline has a devoted team trained specifically to take information on reported foreclosure scams and perform with home owners to address any monetary concerns. This information is employed by local, state, and federal agencies to shut down unscrupulous organizations. &#13

The U.S. Government Accountability Office released a report in July 2010 entitled “Residence Ownership Preservation,” which warns: “The existing foreclosure crisis has offered persons who could perpetrate mortgage foreclosure rescue and loan modification schemes with unprecedented possibilities to profit from home owners desperate to save their houses.”

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The report says that the most active scheme is one particular in which men and women or organizations charge a fee for solutions not rendered. In addition, the report said there are two other sorts of foreclosure rescue and loan modification scams that are frequent: advance-fee loan modification schemes and sales-leaseback schemes, with advance-charge schemes getting the most common. The U.S. Federal Trade Commission not too long ago reported on a new twist on the advance-fee scam–a forensic mortgage loan audit.

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Scams aren’t constantly easy to spot – but it assists if to know what to appear for. Right here are Six Warning Signs of a Foreclosure Scam:

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Reaching U Network is Giving Away 100 Forensic Mortgage Audits to Struggling Home owners

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Miami, FL (PRWEB) September 14, 2011

Banks lending practices these days have been much more than questionable, as according to a report issued by FDIC, 80% of all mortgages contain some kind of fraud. For that reason questioning ones current mortgage documents for fraudulent activity should be a principal concern for each and every homeowner. Reaching U Network, a nonprofit organization, is providing away one hundred Forensic Loan Audits to house owners who have been struggling to preserve their homes. For a homeowner who maybe struggling with a tedious loan modification method or due to a hardship may have defaulted or fallen behind on their mortgage payments, a forensic loan audit might support identify fraudulent activity in mortgage documents which may possibly support save a residence from foreclosure.

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A homeowner must know that a forensic audit alone can not stop foreclosure, any homeowner who is told this demands to be conscious that they are becoming misinformed. What a forensic loan audit can do is open up a discovery method for litigation that could void ones mortgage if it is determined that a home owners mortgage document consists of fraudulent doings. If a homeowner is a victim of fraud or predatory lending practices, a forensic loan audit will give the signifies to take back control for a residence owner struggling to save their home.

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According to Customer Affairs, it is illegal for a mortgage lender to force one to spend on a mortgage that consists of any type of fraud, therefore if a forensic loan audit proves there is fraudulent activity proper legal representation will be necessary to assist a homeowner by way of the procedure of litigation soon after the audit is full.

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Reaching U Network is helping to take the initial step in figuring out if a property owners mortgage is fraudulent. To qualify for a forensic loan audit you should be a homeowner, be behind or in default of your mortgage payments, be employed or have an income and you have to want to save your home. To qualify for a cost-free forensic loan audit send your request to info(at)reachingunetwork(dot)org. Take the very first step in saving your home.

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Related Loan Modification Press Releases

Struggling Home owners Discover True Relief with a Non Profit Law Clinic’s Approach at Mortgage Principal Reduction Versus Failed Loan Modifications

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Santa Ana, CA (PRWEB) December 1, 2010

As the housing crisis deepens, correct relief for homeowners is scarce. A Non Profit Law Clinic with supporters and volunteers that variety from law students, 38 year multi state licensed Mortgage and Real Estate Contract Litigators, Actual Estate/Mortgage Pros to massive Investment Firms has launched a breakthrough method, effectively permitting for a substantial “principal reduction” – one thing unheard of in the Monetary Business till now, by enabling person property owners to participate in a very frequent banking practice.

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Consumer Protection Assistance Coalition (CPAC), an established Non Profit Organization with Federal Government recognition as a 501 c3 Tax deductable organization with a present presence in Washington DC, Arizona, California, Colorado and New York is taking a extremely unique but effective approach to support all families specially these with kids and the elderly facing homelessness due to wrongful or illegal Bank Practices which includes wrongful foreclosure. 1 of CPACs Directors, James Curtis Esq, a practicing Lawyer for almost 25 years and 10 year veteran as lead criminal prosecutor in the Assistant District Attorneys Workplace has attracted a lot of supporters and alliances for their lead to.

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In our struggles to aid families that the lenders have seemed to toss aside out of greed and in most cases very questionable if not illegal actions perpetrated by the exact same lenders our Tax (TARP) Payer Billions went to, we have seemed to have attracted some quite innovative supporters that now let us to supply a true Restructured Mortgage system by making use of the same program these exact same lenders have been utilizing for decades, buying and selling Mortgage Notes back and forth to each and every other, only they never ever permitted the homeowner to advantage from, till now, we get in touch with it Consumer Property Reasonably priced Restructured Mortgage program or just CHARM for short. states Mr. Curtis.

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Mr. Curtis continues In todays Banking atmosphere, Note Holders of House Mortgages are trading, buying and selling both Non Performing as well as Performing Mortgage Notes like a Monopoly game, only with genuine peoples lives that they dont appear to care about. Our strategy is quite simple, however really successful. We assist the consumer with every aspect and level of aggressiveness in approaching their lender to enable a extended term sustainable option to foreclosure. We use numerous different approaches, some quite subtle and non threatening to very aggressive approaches which includes but not restricted to State and or Federal Law suits filed against the Lender and the actual Note Holder for really frequently located errors, blunders, violations or misrepresentations in the loan itself that could make that loan legally unenforceable let alone un-foreclosable.

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According to Mr. Curtis statement, Every 1 knows the lenders have no intention in voluntarily helping the homeowner, not if it causes the lender any variety of loss. Thats why the current failure rate on voluntary lender loan modifications has been reported greater than 99%. I study some where that out of 650k families that finally received a Trail Program, with a guarantee to get permanently modified, only 2000 families received a permanent loan modification. Most of those re-defaulted and were only brief term price reductions that will place the property owner back in the exact same or worse spot in the near future. Mr Curtis continues Sadly the home owners now have really handful of actual alternatives other than what their lenders want them to do, either selling their property, being forced to accept a meaningless temporary interest rate reduction, experiencing foreclosure or discovering a far more aggressive offensive strategy based on the lenders quick comings, thats where we come in. As opposed to other than Non Profit entities paid by, sponsored by or supported by the banks them selves, like wolves in sheeps clothes guarding the hen home. We operate against the bank and only for the Consumer employing Customer Protective Laws and the United States Court Method.

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According to Mr. James Curtis Esq CPAC gives all customers numerous entirely totally free, no charge solutions and goods that numerous buyers benefit from every day, simply because we have a really high level of Banking Pros with in our organization, we actually get a excellent percentage of our clients meaningful and sustainable restructured mortgages with out getting to resort to more aggressive methods, and thats our objective 100% of the time. But in the event that the customer wishes or is forced to by their lender, we put on our boxing gloves and kick them between the legs.

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Mr. Curtis continues If that doesnt get our customer a settlement that they can truly afford, then we are prepared to go the full 12 rounds, but we slide a brick in each and every glove for leverage. Whack the Bank as soon as upside the head then supply them a additional strength Tylenol and a pillow. We have attracted a handful of very intriguing supporters that are investment firms, one is publically traded and other individuals have pledged up to $ 78 million in revolving credit lines and are prepared to buy the Non performing Mortgage Notes or in some circumstances buy the residences from the foreclosing bank and resell the same residence back to the homeowner, home owners and their relatives for close to todays marketplace worth.

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1 firm has agreed to do the same and in fact lease back the residence to the homeowner that was getting foreclosed on and give that homeowner a Purchase Alternative Agreement that will give the homeowner the opportunity to address any financial as effectively as credit issues. We are in fact actively creating great advances in aligning ourselves with a Private Banking institution that will in fact give a new loan to the homeowner even though they are in foreclosure, no other Non Profit or For Profit Organization that I know of can say that. He continues, Our Coalition has many productive instances that resulted in the homeowner that was receiving foreclosed on not obtaining any voluntarily help from their lender either bought their exact same house back for market place worth thru our investment partners or are nevertheless living in the exact same property paying a considerably decrease month-to-month payment, in some instances significantly less a third of what their prior payment was with the very first right of refusal to obtain back their property for close to todays marketplace worth, in a specific case that meant $ 250k less, half of that was previously owed on the very same home to the foreclosing lender with a faulty mortgage loan contract.

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CPAC gives any consumer cost-free consultation, free lender fraud and violation evaluation, totally free permanent principal reduction plan pre-qualification, cost-free loan modification package that is lender certain with net primarily based paperless document upload, storage and instant recall delivery with password protected access for the homeowner or any a single the homeowner wishes to have viewing access to what is now usually getting lost by lenders. CPAC also provides cost-free House Affordable Modification Plan (CHAMP) extended term result assessment and cost-free explanation of customer protective laws, solutions and products that are offered to educate and prepare every customer to make the decision thats correct for them. Some factor your lender and your lenders paid affiliates, such as most Non Profit companys wont do. CPAC will even offer shoppers a cost-free explanation of non legal alternatives that will only aid the customer not the lender then refer or introduce the pre-certified consumer to a vetted skilled specialist to properly execute that option. Why do they do all this for free, effectively they do it hoping that their free of charge services, tips and items do the trick, but in the occasion that a consumer requirements a far more aggressive strategy CPAC desires the shoppers to understand and be aware of other very reasonably priced customer protective legal goods and solutions CPACs Staff Attorneys or Of Council hopefully will assist with, which includes but not limited to Class Action Lender Law Suits seeking Quiet Title, thats a paid off cost-free and clear residence due to lender Fraud, violations, misrepr

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SBA Honors Owners of The Gravity Vault Indoor Rock Gyms as The 2013 NJ Modest Business Persons of The Year

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Chatham, NJ (PRWEB) June 20, 2013

Two extended-time buddies and New Jersey natives, Lucas Kovalcik and Timothy Walsh know what it is like to climb to the leading. They took their passion for fitness and rock climbing and turned it into a productive business.

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These days, the owners of The Gravity Vault LLC, a premier indoor rock climbing facility with areas in Chatham and Upper Saddle River, had been named the U.S. Modest Company Administrations 2013 New Jersey Tiny Company Persons of the Year.

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In making the announcement at the companys Chatham facility, SBAs New Jersey District Director Al Titone stated Kovalcik and Walsh were chosen for the award based on criteria that consist of: Staying Power (a substantial history of an established enterprise) Development in Quantity of Workers Boost in Sales Financial Strength of the Company Innovativeness of Solution or Service Offered Response to Adversity and Contributions to Aid Neighborhood Oriented Projects.

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Soon after productive careers in the private sector, exactly where they held key management positions, each Kovalcik and Walsh felt strongly sufficient to leave that all behind them and commence The Gravity Vault in 2005 in Upper Saddle River. Given that that time, they havent looked back. The Gravity Vault is 1 of the prime indoor rock climbing facilities in the state of New Jersey offering a secure and wholesome environment for climbers from ages five and up. In 2009, they opened their second place in Chatham. This year, they plan to open a third company owned facility as nicely as their 1st franchised place.

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According to Titone, Kovalcik and Walsh enlisted the help of the SBA and TD Bank. Every time, they opened a location they utilized the SBAs 7(a) Assure Loan Program to develop their enterprise. When the third Gravity Vault facility opens later this year, they will have over 60 staff and sales in the mid seven figures.

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As we celebrate the 50th Anniversary of National Modest Business Week, this is a fantastic time to highlight the successes and achievements of New Jersey businesses like The Gravity Vault, stated Titone. Lucas and Tim have taken their passion for rock climbing and have turned it into a thriving company. These guys are living the American dream, going to work and loving what they do. It just doesnt get any far better than that.

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Its a wonderful honor to be named the New Jersey Small Enterprise individuals of the year, stated Lucas Kovalcik, co-founder of The Gravity Vault. To be in a position to able to share our passion for climbing and spread it all through this neighborhood is something unique.

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Our purpose is to take The Gravity Vault notion and bring awareness to the sport of climbing, stated Timothy Walsh, co-founder of The Gravity Vault. With developing demand for new and option fitness alternatives, climbing is positioned to be a exciting and fascinating selection for men and women of all ages. With the introduction of our franchise model nicely be in a position to change as many peoples lives as attainable.

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From initial time climbers to seasoned pros, The Gravity Vault offers a small anything for everybody. They supply their buyers monthly and annual memberships, birthday parties, youth classes, group developing events, scout groups, and the property to three youth climbing teams.

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In addition to becoming astute tiny organization owners, Kovalcik and Walsh make certain that The Gravity Vault is connected to the community via their philanthropic contributions. The organization donates to dozens of organizations which includes the NY/NJ Trail Conference to establish and preserve trails in their region The Access Fund to assist hold U.S. climbing places open and conserve the climbing atmosphere and Mohonk Preserve to help their mission to safeguard the Shawangunk Mountains by inspiring folks to care for, enjoy, and explore the all-natural planet.

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Moreover, Kovalcik and Walsh donate over $ ten,000 a year in cost-free climbing to nearby Parent Teacher Organizations, churches, temples, youth organizations and schools. In the course of Hurricane Sandy, The Gravity Vault supplied free of charge meals, warmth and electricity to these in need by opening the doors to their Chatham facility that was fortunate to maintain power following the storm.

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These are effectively-rounded entrepreneurs who have the correct balance and formula for success, stated Titone. It all begins with a great concept, but its the drive, the passion and perseverance that brings it all together. This is an thrilling time for Lucas and Tim as they embark on the subsequent phase of development for The Gravity Vault.

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Franchising will sooner or later enable them to bring their indoor rock climbing facilities to other regions across the United States, added Titone. Of course, we are grateful for our partnership with TD Bank which provided the required injection of capital that has led to this exceptional achievement.

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As component of SBAs National Small Enterprise Week festivities (June 17- 21), Kovalcik and Walsh will be honored in Washington, D.C. by SBAs Administrator Karen Mills, exactly where they will compete for the title of SBAs National Little Company Person(s) of the Year with representatives of 49 other states, the District of Columbia, Puerto Rico, and Guam.

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Distressed Home owners Beware: Foreclosures Have Slowed, But Not For Lengthy

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Waltham, MA (PRWEB) December 11, 2010

McGeough Lamacchia Realty, Inc., New England’s top agency in Quick Sales, assisting distressed homeowners and their family transition respectfully to a path of economic stability and recovery, announces these days that regardless of the downward market – trends are showing indicators of improvement. McGeough Lamacchia Realty warns of not getting too complacent throughout the vacation season, if your home is in jeopardy of foreclosure.

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Each Fannie Mae and Freddie Mac have announced that they will suspend foreclosures and evictions from December 20th to January 3rd. Back in late August and via early October both Fannie Mae and Freddie Mac turned up the heat with foreclosures across the nation. Thousands of houses have been foreclosed on in the course of the six week period. Realtors across the nation strongly shared their concerns about banks not extending foreclosures in an effort to permit enough time for Brief Sales to close. Thousands of homeowners voiced concern following failed attempts at loan modification denials. Consumers were not presented sufficient time to navigate the newly defined waters of HAFA- Residence Affordable Foreclosure Alternative (program created to exit the property via Short Sale or Deed in Lieu of foreclosure). Millions of Americans, who attempted loan modifications and received denial notifications, virtually immediately received foreclosure dates.

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Soon after the “Robo Signing” debacle hit in October, it appears that the foreclosures have slowed down. It is eminent nonetheless, right after the holidays, foreclosures will drastically resume. Homeowners who can not afford their homes and who uncover themselves in a negative equity position (upside down) need to have to get aggressive and proactive right away. It is essential that customers do not delay due to the fact of the holidays. They want to aggressively pursue a loan modification, a short sale or a deed in lieu correct away. There are nevertheless too many complacent distressed home owners that are behind and have gotten used to the banks not enforcing the foreclosure and eviction. These days are gone.

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Final week Terrance Edwards, Executive Vice President of Fannie Mae, stated Fannie Mae is making use of a Single Track system in loss mitigation which means, they do not instruct servicers to pursue foreclosure if a borrower is functioning on a loan modification. Mr. Edwards accurately stated the fact that borrowers who pursue Loan Modifications, sooner rather than later, are far more likely to succeed. He is right about that and that is the very same case for Brief Sales. We know from our encounter that it is a lot simpler to perform on a Quick Sale when there is not a foreclosure date scheduled.

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At McGeough Lamacchia we take a proactive approach working with our consumers to move their house in a brief sale, allowing peace of mind in an otherwise pressure filled situation. It is our purpose to operate with distressed homeowners, clarify their possibilities and typically assist them in selling their properties with dignity via a Quick Sale, commented Anthony Lamacchia, Co-Broker and Owner, McGeough Lamacchia Realty, Inc. We have in depth bank contacts and over 85% of our Short Sales are approved, he went on to share.

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About McGeough Lamacchia Realty, Inc.&#13

A complete service Massachusetts real estate agency, at the moment specializing in Quick Sales. McGeough Lamacchias understanding of the Quick Sales procedure, deep relations with lenders, and understanding of the complicated and evolving government response to the mortgage crisis enables property owners to locate efficient and dignified solutions when selling their home. McGeough Lamacchia is based in Waltham, Massachusetts and serves Massachusetts, New Hampshire and Rhode Island. To find out more log onto, http://www.MLRealtyNE.com.

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Expert House Options Warns Home owners to Act Now The Debt Relief Act of 2007 Expires 2012

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San Diego, CA (PRWEB) September 30, 2011

According to Professional House Solutions, the distinction in the loan modification payment is frequently not various sufficient from the original. Occasionally the modification is canceled simply because there is no grace period and the homeowner misses his due date.

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According to an report on CNN only 1% of homeowners in negative equity have received modifications. There have been 1.5 million HAMP trial modifications because the system started in March, 2009. 50% of the trial modifications have been canceled due to borrowers defaulting or banks rejecting property owners after the trial period. Only 152,289 of the trial modifications converted to permanent status have been active in 2010. 15 million property owners are in default and only 1% have been capable to get a modification that is nevertheless in force.

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According to [http://www.walletpop.com only 4% of loan modifications get a principal reduction. With only 1% of the 15 million home owners in default receiving a loan modification that implies that about 7,000 home owners received a principal reduction by April 2010.

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Whilst this trend continues nowadays some property owners want retirement with a reverse mortgage or want to leave a legacy to their household. In a modification with no principal reduction they will not be capable to do either. Equity usually increases about three% per year. If a property loan is $ 500,000 and now the house is worth $ 300,000, it will take 18 years to reach $ 500,000. This homeowner breaks even in 2029. If the owner quick sales now, he can acquire in two years and start developing equity in 2013.

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Mary Ellen Wilson, broker (Lic. #01487433), Professional Property Solutions Inc. dba Specialist Residence Auctions International, 877-267-2514×7, 877-276-8563 FAX, mewilson(at)experthomesolutionsincusa(dot)com, has been licensed because 2005. Her net experiences from 1995, prompted her to start off EHAI online in May possibly, 2009. She has run more than 40 actual estate auctions.

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A full media kit is accessible with videos, audio, photographs, art, interview concerns, and leading ten.

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Florida Property owners On Verge of Private Economic Apocalypse and Do not Know It Free Seminar Shows How Short Sale With Deficiency Waiver Ends Foreclosure Nightmare

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Sarasota &amp Manatee, FL (PRWEB) November 01, 2011

Nationally recognized genuine estate professional, John Michailidis, offers totally free seminar for FL home owners behind on mortgage payments. The unemployed, underemployed, divorced, and those who’ve seasoned recent health-related emergencies are being targeted for Foreclosure. Now, Sarasota &amp Manatee county residents can discover how to beat Foreclosure thru a “Brief Sale With Complete Deficiency Waiver” even when they owe a lot far more than the property’s worth. Ideas on how to virtually assure approval even if prior Quick Sale attempts have failed will be provided.

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Sarasota &amp Manatee county Florida home owners behind on their mortgage payments and who are either unemployed, underemployed, divorced, or who have experienced recent health-related misfortunes are being targeted.

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According to national genuine estate professional, John Michailidis, the menace is foreclosure, and by some estimates upwards of 40% of Sarasota and Manatee homeowners are vulnerable. A cost-free report outlining the dilemma can be downloaded at http://NoEquityHomeSaleReport.com.

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“Foreclosure destroys families and communities, and has literally displaced millions of American citizens,” said real estate specialist John Michailidis, GRI, CRS, JD. “The dirty small secret that bankers and politicians look to be ignoring is the truth that Foreclosure is practically one hundred% avoidable thru the use of a Brief Sale With Deficiency Waiver.”

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With congressional watchdogs testifying that the record of government loan modification applications, “has been nothing short of abysmal,” many delinquent homeowners are below the false assumption that Foreclosure is unavoidable.

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According to Mr. Michailidis, “A foreclosure most undoubtedly is avoidable and I’ve got the track-record to prove it. In practically each case we’ve taken on, we have been in a position to safe a Short Sale with Full Deficiency Waiver, which means the homeowner was able to move on with their life, totally free from mortgage debt, and with out the specter of the banks coming after them down the road.”

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Mr. Michailidis is presenting a series of cost-free, on the internet, community-outreach public seminars for Sarasota and Manatee County Florida home owners who are behind on their mortgages and worried about foreclosure. “The goal of these free seminars is to disseminate as widely as achievable information that is getting suppressed by the banks. Participants will be capable to submit queries by way of email throughout the event and obtain customized responses,” he said. Scheduling and registration details is offered at http://FloridaForeclosureEnders.com.

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Mr. Michailidis is a recognized genuine estate author and speaker, and the broker/owner of SaraMana Properties, exactly where he focuses his company on exclusively helping homeowners to keep away from foreclosure by means of Quick Sales. He is also a graduate of the Northwestern University School of Law in Chicago and is a member of the Illinois Bar. A message can be left for Mr. Michailidis at 941-548-7771, or by way of e mail at info(a)SaraManaProperties.com.

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Brookstone Law, Pc: Obama’s Housing Strategy Is a Red Flag for Property owners Looking for Relief

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Newport Beach, CA (PRWEB) November 05, 2011

Though the Obama administrations recent efforts to assist home owners could bring relief to millions who owe a lot more than their houses are worth, the measures getting regarded as by Washington are clearly made to benefit banks more than homeowners, according to Vito Torchia, Jr., managing attorney of Brookstone Law, Pc.

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The Presidents proposal is purely political and will possibly enhance spending a lot more than avert foreclosures. He intends to placate the Banks at the expense of homeowners who clearly need to have loan modifications, which banks have been reluctant to provide, stated Vito Torchia, Jr.

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According to media coverage, the collapse of the housing industry has left an estimated 11 million Americans owing more on their mortgages than their houses are worth. Although about 70% of those borrowers have loans with interest prices higher than are available today, their lack of collateral prevents them from refinancing into new, much more cost-effective loans.

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It is becoming increasingly apparent that home owners with out expert legal counsel are going to have to deal directly with banks that are empowered by the government to supply solutions not most likely to give home owners what they need to have, mentioned Vito Torchia, Jr.

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Current media coverage shows that though a reduction in monthly payments could avert some property owners who aren’t in default these days from going into foreclosure, experts anticipate an estimated two.2 million borrowers to shed their properties in 2012.

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If the Presidents plan is intended to support property owners who are beneath water, assisting the Banks while pushing more than two million people over the cliff is clearly the incorrect way to do it, said Vito Torchia, Jr.

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According to media coverage, lenders could reduce their losses significantly by modifying mortgages to reduced the month-to-month payments of defaulting borrowers, but Banks are doing so due to the fact it lowers their bottom line income.

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There’s no shortage of home owners whose property values and incomes have collapsed via no fault of their own even though lenders claim there is a moral problem in bailing out borrowers who can’t pay off their debts. This is ludicrous taking into consideration the Banks pushing of toxic loans, then regularly victimizing hardworking people all through the nation trying to hold their residences as has been effectively documented in the media, mentioned Vito Torchia, Jr. This clearly shows the Banks dont care about customers, who need to have powerful counsel in order to safeguard their rights when dealing with the Banks.

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Recent media coverage has incorporated reports that FannieMae, FreddieMac and most national banks have refused to participate in a California system that delivers to spend half the price of principal reductions for lower- and moderate-revenue home owners with a demonstrable hardship, such as a extreme illness or a layoff.

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If they wont help low income property owners with hardships, it is apparent they wont aid other property owners suffering from the toxic loans, lack of due diligence and wrongful foreclosures for which the banks are initially accountable, said Vito Torchia, Jr. Home owners attempting to save their houses are at greater risk than ever of not being capable to repair the troubles brought on by the banks that threaten them with the loss of their residences.

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According to media coverage, state prosecutors from about the nation are pursuing mortgage fraud claims against the key banks and might persuade them to commit billions of dollars to writing off some of the debt owed by borrowers.

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Fannie and Freddie, which have already been rescued by Washington, want to support homeowners beneath water, but if their consistent leaning towards a solution that rewards the banks at the further expense of home owners continues the victimization of millions of men and women in our country who are just trying to hold their properties, stated Vito Torchia, Jr.

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ABOUT BROOKSTONE LAW, Pc&#13

Headquartered in Newport Beach, Calif., and with offices in Los Angeles, Calif., and Ft. Lauderdale, Fla., Brookstone Law, Pc is a law firm comprised of attorneys with expertise and success in organization, corporate and personal finance, employment, entertainment and media, art and museum, intellectual house and actual estate law. The firm has a network of a lot more than 40 affiliate attorneys nationwide and employs extremely educated specialists, paralegals, paraprofessionals and administrative employees devoted to serving clientele. For data, call (800) 946-8655 or visit Brookstone Law.com (http://www.brookstonelaw.com).

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HomeAffordableGuide.com Provides Discount to First one hundred Property owners

Posted on by


Clinton Township, Michigan (Vocus/PRWEB) February 11, 2011

The creators of HomeAffordableGuide.com are writing an revolutionary eBook that walks homeowners via the Loan Modification and Short Sale application procedure, revealing confirmed suggestions and insider secrets along the way. The very first one hundred property owners to check out http://www.HomeAffordableGuide.com will be eligible to obtain the software at a a single-time discounted value of $ 9.95 and obtain the experts guidelines eBook for totally free upon publication prior to anybody else. Together these exceptional instruments grant property owners access to secrets only known to mortgage counseling specialists and software that produces the necessary paperwork to keep away from foreclosure primarily based on the individual’s crucial variables.

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Home owners no longer need to have to feel overwhelmed since staying organized while trying to keep away from foreclosure has never ever been less complicated. With the computer software, homeowners facing foreclosure are capable to auto-populate and auto-calculate the right types with their unique information. Currently, HomeAffordableGuide.com functions as a standalone service enabling homeowners an effortless, interactive approach that guides homeowners through application to all of the government and in-property mortgage programs.

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The addition of the eBook will improve the overall expertise and education of home owners. The new book will supply homeowners with a personal counseling knowledge from the comfort of their own house. The eBook gives insight into how the foreclosure procedure operates and reveals established information that can much better position the homeowner to obtain a Loan Modification or Short Sale.

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The application and guide were created by two professionals that have helped several homeowners keep away from foreclosure through Loan Modifications and Short Sales. They developed these resources to share their knowledge and guidelines to avoid more home owners from falling victim to the economic crisis. A lot of government officials, agencies, and assistance programs have reviewed the software step-by-step and agree that HomeAffordableGuide.com has created valuable resources that ought to be in the hands of every homeowner facing foreclosure.

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To see if you are eligible to apply for a Loan Modification or a Short Sale go to http://homeaffordableguide.com/are-you-eligible/ and answer a handful of quick concerns. Only the first one hundred homeowner’s to acquire the software program at the discounted cost of $ 9.95 will be issued the eBook upon publication for free ahead of anybody else.

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About HomeAffordableGuide.com&#13

HomeAffordableGuide.com was developed in 2009 by a group specializing in assisting property owners attain Loan Modifications and Short Sales. The software was developed primarily based on their experience to guide and educate homeowners via the complete procedure of applying for a Loan Modification or Quick Sale in 5 effortless actions. For much more info visit: http://www.HomeAffordableGuide.com/

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