Tag Archives: Rescue

A single Organization Helps To Legally, Ethically, and Affordably Rescue Families from Pending Foreclosures

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Tampa, FL (PRWEB) April 6, 2009

Amid all of the tragedy, doom, and gloom one particular organization, HomeSaverProgram.org, is offering homeowners like Jamillah Reed its personal productive sort of foreclosure rescue strategy.

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Reed, a single parent with two kids who owns a home in Florida learned about loan modification 1st-hand, while trying to save her personal home that was scheduled to foreclosure in February 2009. “Then they moved the sale date up to December 2008,” she explains. “I lost weight. My hair was falling out, and I couldn’t sleep.” Reed requested a loan modification herself, but her lender delayed for about six months and then told her she was ineligible. So she contacted HomeSaverProgram.org and the organization assigned a group to push the case on her behalf. Quickly the mortgage organization agreed to a loan modification that stopped the foreclosure.

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Reed’s interest rate was slashed from 11.50 percent to four.50 percent and the loan was changed from a high-danger adjustable rate loan to a reliable fixed rate mortgage. The house payment also fell much more than 45 percent, from $ 1,490 to $ 798.

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Loan modification is a method that includes altering the terms of the existing mortgage to make it easier for the borrower to make payments on time with no unnecessary hardship. Loan modification occasionally enables the borrower to make smaller month-to-month payments or pay the loan back over a longer period of time – which also benefits in lower month-to-month payments. A loan modification can even mean that the lender agrees to forgive missed payments or lessen the total amount of the principle or outstanding balance owed on the mortgage.

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As part of his strategy to attack the foreclosure crisis, President Obama launched the Residence Reasonably priced Modification Plan. Beneath the new initiative, millions of borrowers who are present on their payments but are afraid of falling behind – and millions who have currently missed one particular or much more payments – may be eligible for a loan modification that reworks the terms of the original loan to make it far more manageable.

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The techniques to resolve a foreclosure circumstance are many, but the possibilities to do it are restricted. Anybody trying to save a residence ought to act swiftly, and get as significantly professional assist and legal guidance as possible in order to ensure that the work succeeds. Otherwise it is typically also late to try once more.

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“I understand how people just sit back and do nothing at all, but that’s not the answer,” says Reed, who emphasizes the value of acquiring aid quick. “I faced my problem just in time and that is the important. Reach out for aid, because it truly is possible to save your house.”

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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

Mortgage Fraud Examiners Warns: Beware Of The Latest Foreclosure Rescue Scam–Securitization Audits

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(PRWEB) March 27, 2012

With many homeowners facing foreclosure and looking for help across America, many worthless services have cropped up with such promises as mortgage elimination or other foreclosure tactics that in some cases are patently illegal. One commonly advertised service is a Securitization Audit.

A number of companies have been pushing forensic loan audits, aka TILA/RESPA audits. Since knowledgeable attorneys and homeowners recognize these audits are basically useless, the “wolves in sheep’s clothing are now peddling, securitization audits.

Mortgage Fraud Examiners Founder Storm Bradford explains: The supposed reason given for a securitization audit is to determine the true owner of a promissory note. Allegedly, with this information, the homeowner can show a court that the party actually foreclosing on a mortgage is not the actual note owner.

However, securitization arguments like, show me the note, assignment, MERS, robo-signing, and so on, generally amount to nothing more than just stalling the inevitable–the homeowner getting booted to the curb. None of these hopeless arguments changes the essential fact; the Court in a judicial state MUST give relief and remedy to the lender or assignee, because the borrower breached the contract. And in a non-judicial states, the private trustee implements a private sale to a buyer without a judges involvement. Nobody ever looks at the issues raised by the securitization audit. So only the uninformed would think a securitization audit could be anything more than useless.

Moreover, if homeowners and their legal counsel really had doubts about who had the legal right to foreclose theyd file whats known as a interpleader action listing everyone who might have a claim, deposit their mortgage payment with the Court, and let the lenders and assignees fight it out. However you never see that, since defaulting homeowners and their counsel really dont care who has the right to foreclose, so long as its not THE bank foreclosing now. Its just about stalling, and lining the pockets of pretender defenders. http://www.veteranstoday.com/2012/03/21/mortgage-fraud-examiners-warns/

As a result, knowing who owns your note is like knowing the earth speeds through the universe at 67,000 miles an hour, its basically worthless information. Nonetheless, as a courtesy to homeowners they can call us and wed be more than happy to show them how to acquire information about the owner of their note for FREE.

Gregory Bryl, a foreclosure defense attorney practicing in Virginia and Florida, explains: most securitization audits that I have reviewed are inadmissible in a court of law; they contain a mere opinion of a layman without personal knowledge (direct experience) as to what happened with a particular mortgage note after closing. Why pay a securitization auditor when you can have your grandmother provide an opinion as to what happened with the note and have her sign an audit report? In reality, in about 95% of all cases, the information supplied by a securitization audit is either already publically available, or it is unavailable to either the homeowner or the auditor. Thus, where a homeowner genuinely lacks this information, an outsiders opinion (in contrast to the banks admission) is unlikely to help.

Thomas K. Plofchan, Jr., an attorney in Sterling, Virginia, who employs the services of Mortgage Fraud Examiners, adds: Ultimately, the only real issue is whether a proper lien has been created with the house as collateral. It is astonishing just how many legal errors, contract breaches, and frauds, can be exposed by a meticulous examination of the mortgage transaction.

Matter of fact, in two recent cases we were able to identify and establish evidence to show the deeds of trust were void. The end result for the homeowners was receiving their respective homes free and clear. So, its quite clear, a thorough examination of the mortgage contract is the ONLY proven method to uncover evidence that could affect the validity of the lien.

Attorneys Bryl and Plofchan, like many attorneys are exposing securitization audits for what they are basically worthless. http://www.nakedcapitalism.com/2011/05/new-homeowner-scam-mortgage-securitization-audits.html and http://mattweidnerlaw.com/blog/?s=securitization+audits&search=Search

Bradford concludes: Undeniably, the only established procedure for a homeowner to obtain financial compensation or their home free & clear is through an in-depth analysis of the mortgage transaction, to identify legal errors, contract breaches, tortious conduct, to include appraisal fraud; and then attacking the loan based on those findings. Regrettably, everything else is just wishful thinking or a scam. http://www.wvrecord.com/news/233771-quicken-loans-on-losing-end-of-3-million-predatorylending-

Mortgage Fraud Examiners is a project of Lex Consulting, LLC, for over 30 years, Lex Consulting has provided litigation support to attorneys, helping them break into new areas of practice, or providing specialized advice for complex cases requiring novel approaches to the law. Due to the housing crisis, Mortgage Fraud Examiners, a team of specially trained legal professionals, was created to provide borrowers and the legal community with comprehensive assistance to help them keep them in their homes.

Mortgage Fraud Examiners

Phone: 800-540- EXAM (3926)

http://www.mortgagefraudexaminers.com







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