Category Archives: Securitization Audit

LoanSafeMods.com: New Video Reviews Show How the REST Analysis Can Help Save Homes Even When Foreclosure Seems Imminent

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San Diego, CA (PRWEB) April 20, 2013

The team of homeowner advocates at LoanSafeMods.com is ready to help homeowners get the mortgage modifications they deserve with the REST Report. The REST Report (Real Estate Services and Technology Report) is a third party analysis tool that can help homeowners to make the best decision about what modification programs to apply for. The Report works by analyzing the property owners financial information and comparing it with all the various qualifying requirements of the currently available government and non government loan work out programs.

Once the home owner is aware of what their options are they will be much more confident to proceed with submitting their modification request to their loan servicer. An even greater benefit of utilizing the REST Report is that the analysis shows undeniable proof of qualification. Because of this, submitting the REST Report analysis along with the modification package can help add weight to the request and ensure that there are no delays in the approval of the request.

In the event that the loan servicer denies approval of a modification request even though the REST Report shows a qualifying result, then the REST results can even be used as evidence in a court of law if the property owner decides to take the bank or loan servicers decision to court.

This highly respected and incredibly accurate analysis tool has already helped thousands of individuals and families to save their homes from foreclosure. A number of these people have shared their experiences with the Report via REST Report video testimonials, a few of which were recently posted on the LoanSafeMods website.

These videos show how the REST can help to save homes even when foreclosure seems imminent. They also show how the REST Report can help to speed up delayed or stalled mortgage modification requests that have been under review for far too long.

In some cases, the homeowners in these review videos dealt with roadblock after roadblock from their banks for months or even several years. After going through this ordeal, finding the REST Report and getting their modifications approved within just a few months or even a few weeks was a great relief.

This just goes to show that even under the most seemingly hopeless conditions the REST Report can make a difference and help get individuals the mortgage modifications they need. The analysis is one of the most powerful tools homeowners have when it comes to fighting to stay in their homes and the team at LoanSafeMods is happy to help connect people with it and walk them through each step of the way.

For more information on how the REST Report works, please visit LoanSafeMods.com.







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Brookstone Law, PCs Emergency Extension Department Discovers Hidden Home Sale Date, Earns Unique Federal TRO for Local Seniors

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Newport Beach, CA (Vocus/PRWEB) March 31, 2011

Thanks to Brookstone Law, PCs Emergency Extension Department (EED), a new resource to help homeowners facing foreclosure keep their homes, two local seniors have kept their home despite their Banks attempts to hide the sale date from them, it was announced today by Vito Torchia, Jr., managing attorney of Brookstone Law, PC.

According to court documents, Bob and Angela Sacchi, a married couple in their 80s living on a fixed pension income and savings in West Hollywood, CA, were facing foreclosure, the sale of their home and eventual eviction based on a predatory home loan they obtained in 2004 and the banks refusal to allow them to modify their mortgage despite numerous attempts to fix their problems over the past several years. The case is Sacchi, vs. MERS et al., Case No. CV 11-01658 pending in the United States District Court – Central District of California.

After initially stopping the sale of their home the day before it was scheduled to be sold, Brookstone Law continued to represent the couple. Unbeknownst to either the Sacchis or Brookstone Law, a new sale date was scheduled by the Bank. Only through Brookstone Laws attention to detail and frequent follow up did the EED team discover the Bank had scheduled a new sale date.

When our EED team helps achieve a postponement, we always look for the opportunity to pursue additional actions to extend postponements or achieve cancellations, said Aalok Sikand, one of the lead attorneys on the EED team. We learned through our hard work and research that the Bank had set a new sale date and were not surprised to discover they had not communicated that to the Sacchis.

Brookstone immediately prepared and filed an ex parte motion for a temporary restraining order and for an order setting a hearing date for a preliminary injunction against certain of the foreclosing defendants. According to court documents, the motion was based on alleged violations of California foreclosure statutes and on a securitization audit and accompanying affidavit calling into question the authority of the foreclosing party to actually foreclose. The Court issued the temporary restraining order, restraining all defendants from foreclosing on the Sacchis home pending a hearing on the preliminary injunction. The Court will set a briefing schedule.

Thanks to Brookstone Laws EED we have a sense of security about our future, said Mr. Sacchi, a member of the Screen Actors Guild and American Federation of Radio and Television Artists who starred in the film “The Man Who Stole Bogart’s Face” and has appeared in numerous popular television series including “Kojak” and “Fantasy Island.” Brookstone Law said they would fight for us in court and they did just that.

Like many homeowners, the couple had heard stories about how homeowners facing foreclosure are treated by banks and how many banks do not allow short sales to address foreclosures. Media reports have highlighted banks mishandling of mortgage foreclosures and mistreating consumers, practices which have led to legal action throughout the country including suits filed by more than 40 state attorneys general against banks and lenders. Media coverage has shown banks throwing peoples belongings into the street in wrongful evictions, overcharging thousands of members of the military on their mortgages and bank executives admitting to blatant misadministration of loan documents in wrongful foreclosure trials.

Facing immediate foreclosure, without opportunity for a loan modification, living on a fixed low income and with nowhere to go if their home was sold, there seemed to be no way for the couple to stop their initial foreclosure until they contacted the EED specialists at Brookstone Law. EEDs team of legal experts and specialists acted decisively and fought for the couple in court by filing a lawsuit that resulted in a postponement of the first sale date.

This is another example of how we will not stop working until we achieve the results our clients need, said Nisha S., a seasoned EED specialist. Without dedicated attorneys and specialists working on their behalf, the Sacchis would not have known about the difficult situation the bank put them in before it was too late for them to act to save their home.

At a time when millions of Americans are losing their homes as part of the foreclosure crisis, homeowners face a daunting challenge when dealing with banks. To deal with those challenges, many homeowners have turned to the EED help them keep their homes. Created by Brookstone Law to help consumers deal directly with an institutional bureaucracy that is biased against them, the EED is a unique service not offered by any other firm that gives homeowners facing foreclosure a fighting chance to keep their homes. Brookstone Laws EED attorneys and specialists are experienced in working directly with banks and extensively trained to help homeowners achieve postponements.

Brookstone Laws legal team researches all available options to assist homeowners extend their sale date while they are in the process of litigation, bankruptcy or short sale. Fees are contingent upon success of the service, which means consumers pay only if the sale can be postponed or stopped. Homeowners facing foreclosure like the Sacchis are using the EED to help keep their homes. The process typically takes several hours per client and many cases require as much as a full day to get results since a majority of EED activity is spent by the Firms lawyers and experts in foreclosure law and litigation dealing directly and negotiating with banks and lenders.

“We will not hesitate to go to court if necessary to get the results we need, which is where our team of legal experts and attorneys is of greatest value to homeowners seeking relief, said Vito Torchia, Jr. Our EED legal team and specialists are to be commended once again for doing such great work on behalf of a deserving couple.

About Brookstone Law, PC

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 experience and success in business, corporate and personal finance, employment, entertainment and media, art and museum, intellectual property and real estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs highly trained specialists, paralegals, paraprofessionals and administrative staff dedicated to serving clients. For information, call (800) 946-8655 or visit Brookstone-Law.com (http://www.brookstone-law.com).

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News for Homeowners; Reaching U Network is Now in 20 States Offering Affordable Legal Representation for Struggling Homeowners Not Able to Make Their Mortgage Payments

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Miami, FL (PRWEB) May 11, 2011

Anyone denied a loan modification or can’t get through to your lender, help is on the way.

Reaching U Network is a 501c3 non-profit organization that is linked to Freedom Legal Plans by a long time service contract that provides low cost legal representation to homeowners facing foreclosure. Unlike most pre-paid legal services, Freedom Legal Plans specializes on providing members with immediate legal representation. Most homeowners facing foreclosure today need representation but can’t afford to hire an attorney. Reaching U Network helps struggling homeowners by offering different affordable payment options for those who qualify. In extreme cases, Reaching U Network, with the help of Freedom Legal Plans, will sometimes offer free representation with a network attorney.

Reaching U Network surveys homeowners about their legal options and also raises awareness thru television, marketing campaigns, and local workshops.

Members pay a $ 15.00 per month membership fee to access affordable legal representation provided by the Freedom Legal Network of attorneys. Members’ fee is tax deductible and is used to fund legal representation for homeowners with serious hardships such as unemployment.

Network attorneys with Freedom Legal Plans work under a set monthly fee and never an up front retainer fee. The monthly fee is far lower than what most attorneys charge for services provided. Homeowners will not sacrifice the quality of service because the network is monitored and managed by Freedom Legal Plans which makes customer service priority number one.

Reaching U Network has joined forces with Freedom Legal Plans to target the current epidemic of foreclosure by providing forensic and securitization audits to home owners looking to stay in their homes. These audits give a detail insight concerning fraud, TILA, HOPA, and securitization violations. With the assistance of the individual attorney representation these audits will help open legal communications between lenders and homeowners surpassing any loan modification process available today.

This overwhelming process is performed 100% under the umbrella of a local network attorney in the homeowners state. Each attorney has passed rigorous qualifications in order to join the network along with the knowledge on how to stop foreclosure.

5 reasons why homeowners should challenge their mortgage lender if facing foreclosure.

1. If the mortgage was opened between 1999 and 2009, the chances it contains fraud or predatory lending violations is 80%.

2. How to find out if the entity you are paying your mortgage to, has any right to collect?

3. Only 4% of loan modifications are approved.

4. Court ruling in Arizona and Massachusetts has wiped out many mortgage balances; these states are just a few of the many recently on the news.

5. Challenging a mortgage, in court with an attorney, can stop a foreclosure.

Anyone can make a donation and help. Funds will go toward helping struggling homeowners that can’t afford legal representation. Here is their site http://www.reachingunetwork.org

Here is the number to call if someone is facing foreclosure, has been denied a loan modification, or is falling behind on their mortgage payments, call 866-514-4636 or visit http://www.123savemyhome.com for help.

The worst thing to do is wait or do nothing, lenders have attorneys on their side, no one should face foreclosure alone.

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New Video Review On LoanSafeMods.com Shows Homeowners Who Benefited From Utilizing The REST Report

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San Diego, CA (PRWEB) April 21, 2013

A new video review on LoanSafeMods.com shares the stories of a number of homeowners who were able to use the REST Report to save their homes. The REST Report (Real Estate Services And Technology Report) is a trusted third party analysis tool that helps to show all possible foreclosure alternatives to homeowners and loan servicers.

The new REST video review features testimonials from homeowners who were struggling with their mortgage modification requests before they found the REST Report. Many of these individuals tried unsuccessfully to deal with their banks for months or even for several years.

After hitting roadblock after roadblock from their loan servicers, they were on the verge of giving up. Luckily these individuals found the REST Report through LoanSafeMods.com and this drastically changed their situations. After facing the ordeal of dealing with unhelpful bank employees, getting the full service provided by the LoanSafeMods team of homeowner advocates was a very welcome change for these struggling property owners.

With the results from the REST Report, these individuals were able to get the modifications that they had been fighting to get for so long after just a few short months or even just a few weeks. These modifications allowed the homeowners to keep their homes as they were finally able to manage their monthly mortgage payments.

Ron, an EMT and single father from San Diego, California, was able to keep the home his eldest daughter was born in thanks to a HAMP modification that lowered his principle by more than $ 350,000 and cut his monthly payments in half.

Crystal, another San Diego homeowner who lost her fianc

Privacy4Patriots Applauds Lawmakers for Attempting to Regulate Domestic Surveillance Drones

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Nashville, Tenn. (PRWEB) May 26, 2013

According to Fox News and other media outlets, a bipartisan group of lawmakers is seeking to limit the number of drones used for domestic surveillance in the U.S. by police and government officials amid growing concerns about privacy issues.

Lawmakers believe that they need to act quickly on this issue because Congress recently passed the Federal Aviation Administration Modernization and Reform Act, which would enable thousands of unmanned drones to appear in American skies by 2015. These lawmakers are also seeking to make flying armed drones in U.S. skies illegal.

Privacy4Patriots, the publisher of an upcoming report on how to protect ones privacy during an age of unprecedented technological advancements, supports the use of unmanned aircraft to hunt for terrorists in Pakistan, Afghanistan and elsewhere, and to help find missing persons, assist firefighters and address other emergencies in the U.S.

But the company believes that drone technology should be limited to keeping U.S. citizens safe, not to spy on, scare or entrap people. The company supports the 30-plus states that have introduced drone-related legislation, and it encourages citizens to let their lawmakers know how they feel about this issue.

The company also concurs with U.S. Representative Austin Scott, a Georgia Republican, who was quoted in the June 16, 2012, edition of the Atlanta Journal Constitution as saying, Were not opposed to the use of drones. But their use has to be consistent with the established rules with regard to search and seizure. The same thing that you would have to obtain to use a wiretap, you would have to have for the use of a drone. This has the potential to be a huge invasion.

Check out this Privacy4Patriots blog to learn about a variety of ways that are being used to spy on U.S. citizens.







Biomet Hip Lawsuits Move Forward, as Bernstein Liebhard LLP Notes Upcoming Case Management Conference in Federal Biomet Hip Replacement Litigation

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New York, New York (PRWEB) May 26, 2013

The federal litigation established for Biomet hip lawsuits continues to move forward in U.S. District Court, Northern District of Indiana, Bernstein Liebhard LLP reports. According to the Courts website, the litigations next Case Management Conference has been scheduled for June 17th. All of the lawsuits pending in the Biomet hip replacement litigation allege the metal-on-metal design of the Biomet M2a Magnum hip can generate high levels of metal ions, leading to metallosis in the surrounding tissue and early failure of the device. (In re: Biomet M2a Magnum Hip Implant Products Liability Litigation MDL No. 2391)

Our Firm is already representing clients in the federal Biomet hip replacement litigation, and continues to receive inquiries from Biomet M2a hip recipients who have allegedly suffered serious and debilitating complications related to the metal-on-metal device. We are pleased to see this proceeding moving forward, says Bernstein Liebhard LLP, a nationwide law firm representing the victims of defective drugs and medical devices. The Firm continues to offer free Biomet hip lawsuit evaluations to individuals allegedly injured by the Biomet M2a hip.

Biomet Hip Lawsuits

Biomet M2a Magnum Hip Replacements are metal-on-metal hip implants, which consist of a ball and cup made from a chromium-cobalt alloy. As of March 2013, court documents indicated that more than 140 Biomet hip lawsuits were pending in the federal Biomet hip replacement litigation. All federally-filed Biomet hip lawsuits were ordered transferred to the Northern District of Indiana in October 2012, in anticipation of a large number of claims.

This past January, the U.S. Food & Drug Administration (FDA) warned that metal debris shed as metal-on-metal hip components wear may accumulate to dangerous levels in the body. This occurrence can result in bone and/or soft tissue damage in the area surrounding the implant and joint, leading to adverse local tissue reactions, premature device failure, and even additional symptoms or illnesses elsewhere in the body. Among other things, the FDA cautioned doctors to consider metal ion testing if patients are experiencing symptoms of hip implant failure. According to the January announcement, the FDA is considering implementing new regulations for metal-on-metal hip implants that would make the devices ineligible for 510(k) clearances, which allowed such implants to come to market without human clinical trials.*

Alleged victims of Biomet hip replacement problems, including metallosis, hip implant failure, and other serious complications may be entitled to compensation for their medical bills, lost wages, pain and suffering, and other damages. A wealth of information about Biomet hip lawsuits is available at Bernstein Liebhards website. For additional information, please contact one of our attorneys today by calling 800-511-5092.

*fda.gov/MedicalDevices/ProductsandMedicalProcedures/ImplantsandProsthetics/MetalonMetalHipImplants/ucm241604.htm

About Bernstein Liebhard LLP

Bernstein Liebhard LLP is a New York-based law firm exclusively representing injured persons in complex individual and class action lawsuits nationwide since 1993, including those who have been harmed by dangerous drugs, defective medical devices and consumer products. The firm has been named by The National Law Journal to the Plaintiffs Hot List, recognizing the top plaintiffs firms in the country, for the past 10 consecutive years.

Bernstein Liebhard LLP

10 East 40th Street

New York, New York 10016

800-511-5092

ATTORNEY ADVERTISING.

Tom Cronin Joins The Collingwood Group as Managing Director

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Washington, D.C. (PRWEB) September 08, 2011

The Collingwood Group announced today that Tom Cronin has joined the firm as a Managing Director. In his new role, Cronin will lead The Collingwood Groups secondary market initiatives. Cronin will support The Collingwood Groups ongoing efforts helping clients navigate the business opportunities that exist in Washington and the housing finance industry.

Cronin has more than 35 years of mortgage industry experience. Most recently, he served as Senior Managing Director of Clayton Holdings, Inc., responsible for the areas of industry, corporate and government relations.

REST Report Helps Struggling Homeowners To Avoid Foreclosure LoanSafeMods.com

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San Diego, CA (PRWEB) April 22, 2013

LoanSafeMods.com is a licensee of the REST Report (Real Estate Services and Technology Report) a third party analytics tool that helps homeowners who are struggling with their mortgage terms to find loan workout programs to help them to avoid foreclosure. The REST does this by comparing information on the homeowners mortgage and finances with the qualifying requirements for all currently available government and non government mortgage modification and refinancing programs.

Thousands of people have found the solutions to their mortgage problems thanks to the REST and have been able to save their homes from foreclosure. One person who was able to utilize the REST Report to their advantage in this way is Crystal, a homeowner from San Diego, California. Crystal shares her story in a recently posted REST Report testimonial video posted on LoanSafeMods.com.

In her review Crystal explains how she started to struggle financially after her fianc

The Collingwood Group to Conduct First Mortgage Industry Conference Call

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Washington, D.C. (PRWEB) January 26, 2012

The Collingwood Group (Collingwood) is pleased to introduce its new offering — a series of industry conference calls — which will begin with a February 9, 2012 call entitled FHA Enforcement: Myths, Misconceptions and Facts. This call series comes as a result of Collingwoods launch of its new Risk Management and Compliance Division, established with its January 1, 2012 acquisition of GWN Consulting, LLC (GWN), a firm specializing in Federal Housing Administration (FHA) and Ginnie Mae risk management and quality control.

Collingwoods Risk Management and Compliance Division staff brings to the organization extensive FHA and Ginnie Mae knowledge and experience, and plans to share information on an ongoing basis with Collingwood clients and other industry colleagues. As part of this effort, the team will launch a series of educational conference calls, beginning with the first call FHA Enforcement: Myths, Misconceptions and Facts focusing on FHA Enforcement, Quality Assurance and Inspector General reviews and the Mortgagee Review Board. The call, offered at no cost to participants, will be held on February 9, 2012, at 2:00 p.m. Eastern Time. The call will be led by Collingwood Group Chairman and former FHA Commissioner Brian Montgomery, who will moderate a discussion between Karen Garner, Collingwood Group Managing Director and former HUD compliance manager and GWN Principal, and David Hintz, former Secretary to the HUD Mortgagee Review Board. It will also serve as an introduction to the services that the Risk Management and Compliance Division will offer.

Additional calls will be held moving forward, covering potential topics such as FHA Loss Mitigation tools, Ginnie Mae compliance reviews, and compliant and effective quality control plans.

This is a critical time for lenders and servicers struggling with compliance, litigation and claims management issues related to their FHA and Ginnie Mae operations, said Montgomery. The experience, insight, and relationships of our new Risk Management and Compliance Division staff can provide substantial information that will be helpful to these organizations in developing proactive, preventative activities in their compliance efforts.

The expansion of Collingwoods offerings and this call could not be more timely, given the issuance of the press release by Acting FHA Commissioner Carol Galante announcing changes to FHA authority for the lender insurance program and standards for indemnification requests. (Follow this link to the press release issued by HUD: http://portal.hud.gov/hudportal/HUD?src=/press/press_releases_media_advisories/2012/HUDNo.12-010)

With FHA toughening its standards, rules and penalties, and with volume that has grown to historically high levels, lenders and issuers can reasonably expect corresponding increases in the level of FHA audit, enforcement actions, and penalties. The goal of Collingwoods Risk Management and Compliance Division is to assist its clients with capabilities that now include FHA and Ginnie Mae lender/issuer applications and re-certifications, preparation and responses to audits or reviews, origination or servicing compliance and best practices, claims management and recoveries, program manuals and operating guides, and development of written and program training.

Garner is proud of the new divisions capabilities, saying, With our upcoming conference call series and new services, we are confident that we can provide substantial assistance to lenders and servicers as they focus on quality control activities that will enable them to proactively monitor performance and mitigate risk.

About The Collingwood Group

The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based business advisory firm focused on growing clients businesses, promoting revenue growth and increasing investment returns. The firm is led by Chairman Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner, and Vice Chairman Joe Murin, former President and CEO of Ginnie Mae. Both played major roles in the federal governments efforts to address the nations financial crisis and restore stability and liquidity to financial markets. The firms expertise spans all aspects of Agency, non-Agency and FHA/VA housing financing programs; Ginnie Mae securitization activities; domestic and international secondary market activities and issues; primary and special servicing; full asset lifecycle vendor and talent management; and all elements of portfolio due diligence, acquisition, property management and asset disposition.

Visit http://www.directeventreg.com/registration/event/46706588 for additional information on The Collingwood Groups February 9, 2012 conference call FHA Enforcement: Myths, Misconceptions and Facts or to register for the call.

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