Category Archives: Securitization Audit

Certified Securitization Analysis, LLC Offers Homeowners Facing Wrongful Foreclosure Tips on How to Defend Themselves

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San Francisco, California (PRWEB) February 28, 2012

Certified Securitization Analysis, LLC, According to the recent government settlement, a $ 2,000 payment will be made to borrowers in response to the banks fraudulent robo-signing practices. Unfortunately, the announced settlement is too little and too late for most borrowers facing foreclosure. Homeowners are left with little option except to pursue a civil case against fraudulent mortgage securitization practices. Certified Securitization Analysis, LLC has been conducting hundreds of mortgage securitization audits to assist borrowers facing imminent foreclosure. Below is a brief overview of mortgage securitization as well as industry best practices tips for the borrower to protect themselves while facing predatory lenders wrongful foreclosure practices.

What is Mortgage Securitization? A Brief Background

Current U.S. mortgage debt stands at $ 14 trillion. Most mortgages in the U.S. are securitized and owned by trusts and are often referred to as RMBS or MBS trusts, standing for residential mortgage-backed securities. The trusts are made up of a pool of mortgages (often greater than 5,000 mortgages per trust). The loans are usually sub-prime loans. Individual mortgages were packaged into MBS Trusts; these MBS trusts were pooled, sliced and sold. The mortgage loans in each pool, or MBS Trust, include both first and second lien mortgages, both fixed-rate and adjustable rate loans. There are different classes within each pool of loans, representing different qualities of loans. It is not unusual for each pool to have as many as 20 different classes. Bonds are issued to investors to represent the purchase, so investors are often called bond holders. The loans are selected for each pool by a particular date, often called the closing date of the trust. While a trust may substitute loans into the pool after the closing date, there are strict guidelines on such substitutions. The pool of loans is described in a prospectus usually called a 424B filing with the Securities and Exchange Commission a printed document that describes the business enterprise that is distributed to prospective buyers and investors. Many representations (promises) are made to the potential buyers of these bonds regarding the loans in each pool in both the prospectus and the Pooling and Servicing Agreement. Most of these promises to date have been misrepresented whether intentional or not, which has resulted in numerous investor lawsuits against banks and wall street investment firms involved in the marketing of such securities.

There is still a valid defense against wrongful foreclosure. Here are some tips on what to look for:

1) Borrowers need to insure that the foreclosing entity is the actual Note Holder. Banks act as pretender lenders, when originating a loan. After it is sold to the Bond Holders (Investors), they take on the role of loan servicing only. If payments cease, then the Loan Servicer does have the right to initiate foreclosure proceedings, but only the Note Holder can actually complete the foreclosure process.

2) Borrowers need to insure that the foreclosing entity is in possession of the original mortgage note The mortgage lender (Pretender) must be in possession of the original wet ink mortgage note to foreclose, hence the term Produce the Note. Be aware that after several hundred audits, CSA, LLC has never seen a bank produce the original wet ink promissory note.

3) Borrowers must check to see if the promissory note and the deed of trust have been separated. The banks split the Promissory Note and Deed of Trust in every Securitization Agreement. They sold the Note to the investors and recorded the deed with the county recorder, or in over 50% of the cases, Mortgage Electronic Registration Systems, (MERS). MERS told the servicers to hold the notes, and many or most of them were destroyed or lost. Further, the notes were separated from the mortgages, making them null and void.

5) Borrowers need to check if loan was recorded with MERS. Improper Mortgage Assignment Over 60 million mortgages were assigned to MERS (Mortgage Electronic Registration Systems, Inc.) MERS business practices have been ruled by a NY Bankruptcy Judge in 2011 as unlawful.

6) Borrowers need to learn how to create a free account on http://www.secinfo.com for investigation of public SEC filings. Objection to an Entity that is Foreclosing Mortgage Servicers will often foreclose in their own name and not reveal the identity of the true holder of the note. Since most of the Mortgages, if not all are owned by investors, through MBS Trusts, each investor only owns a portion of the collective pool of mortgages, but not any one specific mortgage. Therefore, there is no one who can legally foreclose.

7) Borrower must demand that the mortgage lender validate the debt. If homeowners would read their Deed of Trust they would discover it to be a glorified lease Agreement. This is why when paying off a mortgage, a homeowner must request a payoff letter from the bank, this is the only time the bank is admitting that there is a debt in existence. There are many reasons for this and will be discussed in-depth on our website soon.

CSA is now offering free mortgage securitization audit assessments to homeowners facing foreclosure. As legal options are dwindling, this should be the main focus of any wrongful foreclosure defense.

For more information, please contact us at http://www.securitizationanalysis.com or write to: sales(at)securitizationanalysis(dot)com or call (415) 316 8776 to schedule a time for a mortgage securitization assessment.

About Certified Securitization Analysis, LLC

Certified Securitization Analysis (CSA), LLC is a consumer advocacy firm that provides due diligence and investigates mortgage securitization fraud. The Companys proprietary methods and processes for audit and analysis focus on legal standing issues in foreclosure situations where the underlying mortgage was securitized.

CSA is not a law firm. CSAs information and services are not intended as legal advice and practice.

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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







Related Securitization Audit Press Releases

Apollo Financial Group Shows How Principal Forgiveness Can Work for Fannie Mae

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Miami,FL (PRWEB) May 15, 2013

Distressed debt investment experts, Apollo Financial Group demonstrate how Congressional Budget Office plan to cut home loan balances could work for Fannie Mae and Freddie Mac.

Apollo has been purchasing, selling and modifying distressed mortgage debt, creating win-win solutions for parties on both sides of the issue, and generating attractive yields for investors, while helping to ease the current burden facing U.S. taxpayers.

New debates are being fueled by the May 2013 release of a new Congressional Budget Office (CBO) report supporting the Treasury Departments push to force Fannie Mae and Freddie Mac to embrace principal forgiveness for home loan borrowers. The Federal Housing Finance Agency (FHFA) that regulates Fannie and Freddie has so far resisted the move, but this could change with President Obamas nomination of Rep. Mel Watt as the new head of the agency.

Coverage of the debate on the Wall Street Journal blog on May 6th, 2013 highlights the FHFA stance, whom has repeatedly argued that principal reduction of mortgage balances does not justify the costs and promotes moral hazard; encouraging more borrowers to strategically default on their loans.

Backing up the Treasurys proposed program, the CBO report identified significant government savings from allowing principal reduction on Fannie Mae and Freddie Mac loans. Depending on the exact execution of the initiative the report estimates the government could save almost $ 3 billion.

Government savings in the billions of dollars range could clearly provide significant potential relief for taxpayers as it trickles down and reduces the need to raise taxes further.

While the debates rage and decisions continue to be delayed New York based, Apollo Financial Group has already been proving that principal reduction can work for both note holder and borrower. As a substantial buyer of non-performing notes, Apollo makes it work as the note holder by working out favorable outcomes with homeowners to resolve the default. Spokesman for the Wall Street distressed debt investment, Dean Anastos says the companys proprietary model has proven extremely beneficial for all involved, while delivering superior returns to investors.

In fact, homeowners enjoy double tax benefits from this form of resolution. Not only does the government avoid major losses that would need to be padded by increased taxes, but the individual borrowers involved dodge huge personal tax bills by accepting loan modifications with principal reductions prior to the expiration of the Mortgage Debt Forgiveness Act.

On the flip side Apollo also empowers investors to achieve attractive yields, fuel wealth building and help the wider economy by alleviating the burden on tax payers, by becoming distressed debt note buyers themselves and tapping into the channels and relationships the firm has developed. Some of the recent media coverage of the firms progress can be seen in this video.

Those interested in finding out more about how note buying works and how principal reductions can be profitable for note holders will find more information on Apollo Financial Groups website http://apollofinancialgrp.com, where dates and locations of upcoming live educational events on the subject can also be found.







More Loan Modification Press Releases

New Website Recently Launched by Mortgage Elements Inc Provides Solution for Mortgage Brokers and Wholesale Mortgage Lenders

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Bloomingdale, IL (PRWEB) May 15, 2013

Mortgage Elements Inc recently launched a new website for Mortgage Brokers and Wholesale Mortgage Lenders. The website: http://www.MortgageElements.com helps Mortgage Brokers quickly find Wholesale Lenders and locate information about their Wholesale Loan Programs from a mobile devise or desktop computer with a few taps on the screen or clicks of a mouse. This is made possible by a unique design that uses visual images and symbols instead of words and text to categorize different Mortgage Programs and amortizations.

The website was conceived to address a confusing problem facing Mortgage Brokers and the Wholesale Mortgage Industry. The Financial Crisis took its toll on the Mortgage Industry and many Mortgage Wholesalers left the channel. However, as one Wholesale Lender closed, a new Wholesale Lender would open, happy to fill the void. As Wholesale Lenders came and went and played musical chairs, Brokers were left in the middle, confused about which Lenders are open or closed and who is offering what programs in which states.

To address this perplexing issue, Mortgage Elements developed a unique design patterned after the Periodic Table that most people would recognize from their High School Chemistry class. With some modification, the Periodic Table was adapted to serve as the framework for categorizing and organizing different loans programs. The symbols were modified from representing chemical elements to representing different Mortgage Programs with various amortizations or Mortgage Elements.

The final result is something that the Mortgage Industry has never seen before A Periodic Table for the Mortgage Industry. Images have replaced text and brought the Visual Web to Mortgage Brokers and the Wholesale industry. Searches for Wholesale Lenders and Loan Programs can now be conducted on mobile devices or desktop computers accessing mortgage information with just a few taps on the screen or clicks of a mouse. The website leverages the popularity of mobile devices and was designed for ease of use on tablet computers and various screens sizes.

According to Mortgage Elements founder Mark Paoletti, a mortgage veteran with 28 years in the Mortgage Industry, This is just the initial phase of the website. We have several other ideas that will be implemented as we continue to build and expand the site. Right now our main focus is to generate awareness in the Wholesale Mortgage community.

Paoletti also went on to say the reaction from the industry has been overwhelmingly positive. So far, Brokers who have used our website have commented on how easy it is to use. A few have already told me it has saved a deal they would have lost.

The website at http://www.MortgageElements.com is free for use by Mortgage Brokers. Wholesale Lenders are also listed for free. Any Wholesale Mortgage Lender who would like to be listed on the site should contact Mark Paoletti by email or phone at the contact information below.

About Mortgage Elements Inc.

Mortgage Elements Inc. is an Internet Marketing company that provides database and search options for the Wholesale Mortgage Industry through its website MortgageElements.com. The Company uses a unique website design optimized for use on mobile devices and desktop computers. Mortgage Elements is not a lender but a B2B company for the Wholesale Mortgage Industry. Content on MortgageElements.com is intended for use by Mortgage Professionals only and not for use by the general public or an advertisement to extend credit as defined by Reg Z.

Contact Information

Mark Paoletti Founder / President

Mortgage Elements Inc.

630-529-3755

http://www.MortgageElements.com

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Summerlin Asset Management Launches Their New Real Estate Investment Strategy on Buying Real Estate Notes

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Irvine, CA (PRWEB) April 23, 2013

In this market, many real estate investors are starting to look at note investments as a new opportunity to earn above market returns as the price of real estate continues to stabilize, according to Jim Stepanian of Summerlin Asset Management. Real estate note investing, is defined as the origination of new, or the purchase of existing real estate secured mortgages and/or trust deeds. Many investors use language such as Buy Notes or Note Investing because the terms of a mortgage are detailed in the promissory note. Today Summerlin Asset Management has a large supply of mortgage notes for sale as they continue to buy large pools at wholesale prices.

With SAM’s new investment strategy they explain the many similarities between investing in real estate and investing in notes, including evaluating the collateral, and working with title, escrow and insurance companies. The old adage of real estate, location, location, location also applies to notes, although it may be more appropriate to say, collateral, collateral, collateral. Value the underlying collateral of the purchasers note investment as if they will own the property. Jim Stepanian stated, we prefer to own the loan and not the home, because we enjoy great cash flow on performing notes without the headaches of owning the property.”

For more insight visit: http://www.realestatenoteinvestments.com

Summerlin Asset Management also has a large supply of non performing defaulted loans it is buying from banks. After the acquisition of the note, Summerlin has the following workout solutions:

Short Payoff

One of the most equitable options SAM has for a borrower is a short payoff. In this instance, SAM provides a 6 month option where the borrower can pay off their mortgage at a price below the market value of the property. This happens by way of a family member putting up the cash, private money financing, or using 401k proceeds (if available) to pay off the home. Here is an example:


Unpaid Balance = $ 300,000.00
Home Value = $ 200,000.00
Purchase Price of Note = $ 120,000.00

In this case, SAM would offer the borrower a payoff at $ 180,000.00. In addition, SAM will write off the remaining debt and relieve the borrower from the difference. Since SAM is still profitable, SAM does not 1099 the borrower for the difference, thus creating no tax liability for the borrower.

Short Sale

The most common of all workouts, SAM works with the borrower to list their home. During the short sale period, SAM allows the borrower to live in the home with no mortgage payments. By keeping the borrowers in the home, it ensures SAM that the house is being properly maintained while the short sale process continues. If the borrower has a 2nd lien, SAM will work diligently with the subordinate lien holder to reduce their balance and be paid through escrow. Upon closing, SAM will provide the borrower with financial assistance to relocate in a smooth and efficient timeframe.

For more information visit: http://www.mortgagenotesforsale.us

Loan Modification/Forbearance Agreement

In this case, the borrower fell behind for a variety of reasons; loss of income, health issues, career change, etc. The borrower has expressed the desire to stay in the home and demonstrated the financial ability to sustain the current mortgage payment. SAM creates a forbearance agreement that will take the total amount of payments owing and divide the sum by 12. SAM adds the 1/12 to the regular monthly payment. This will immediately help borrower to get back on track, increase SAM’s cash-on cash return, and reestablish the borrower as a seasoned performer. In the event that the borrower lapses on their forbearance payment, SAM reserves the right to initiate foreclosure.

Cash for Keys/Deed in Lieu of Foreclosure

This is an instance where borrower is emotionally disconnected with the home and is living in the home. SAM creates an opportunity where the borrower is released from all personal liability on the obligation and walk away with enough cash to relocate and establish a new life. SAM offers them an aggressive cash incentive to sign over the deed to the home. This scenario exists if the home only has a first position lien (that SAM purchased) and the balance of the loan is higher than the value of the home. After SAM comes to a formal agreement in writing, SAM performs a thorough inspection of the home to identify potential problems. SAM’s contract states that within their discovery process SAM will identify problematic situations, i.e. roof leak, SAM has the right to reduce their cash offer to the current owner. SAM’s team encourages the home owner to treat this as a business decision.

Principal Balance Reduction

In this scenario, the balance of the borrowers loan is 175 percent or greater than the value of the home. In this case, borrower wants to keep their home. However, the borrower realizes they will never recoup the negative equity that they are paying down.

SAM will structure a 12 month program to write down the balance of the borrower loan in exchange for 12 months of un-interrupted, on-time payments. Here is an example below:

Unpaid Balance = $ 300,000.00
Home Value = $ 200,000.00
Purchase Price of Note = $ 120,000.00
Monthly Principal and Interest Payment = $ 1,896.20

For more info: http://www.safestrealestateinvestment.com

SAM will give the borrower a $ 5000 per month balance reduction at the end of the 12th month assuming borrower has made 12 on time payments. The end result is SAM’s portfolio enjoys a cash-on-cash return of 18.96 percent on their $ 120,000 investment while the borrower has the benefit of reducing the balance of their loan by $ 60,000 by month 12. This gives the borrower hope that their house will become an asset in the near future. In addition, SAM now has the ability to sell a 12 month, seasoned, performing loan, upwards of 70 percent of the home value. In conclusion, their return on investment for 12 months is 35.62 percent.

Today, Summerlin Asset Management has contracts with national banks, regional banks, hedge funds, and loan servicing companies across the united states. Therefore, Summerlin has more supply of 1st Trust Deed mortgage notes than most of its competitors. If you would like more information contact: Shannon Derosby or Adam Pakes at (928) 854-7747 or please visit http://www.investinsam.com







The Law Offices of Lance Denha Explains Taxable Income Implications with Foreclosure

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(PRWEB) April 26, 2012

Anytime a lender writes off, or forgives, debt, it can be considered taxable income to the borrower. The larger the write off of the loan by the lender, the larger the potential tax bill may be issued to the taxpayer/homeowner. Consider that every $ 10,000 in forgiven debt could incur as much as $ 1,500 to $ 3,500 in federal taxes, depending on a familys tax bracket. If a home is $ 100,000 underwater, that could mean a federal tax bill of up to $ 35,000. In addition, state and local income taxes could increase the pain.

In recent years, most underwater homeowners who lost property to foreclosure or short sales were excused from having to pay taxes on this income, thanks to the Mortgage Debt Relief Act of 2007. The current law states that homeowners dont have to include forgiven debt as income provided:

1.

Advanced Realty Team Allows Foreclosure Renters to Transfer All Credits to Famous Rent to Own on Steroids Program

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Dunedin, FL (PRWEB) April 26, 2013

Advanced Realty Team, Inc. yesterday announced it will begin transferring all earned credits for persons in the Famous Foreclosure Rentals program when they move to the Famous Rent to Own on Steroids Program.

Advanced developed the Rent to Own on Steroids Program where all rent paid in the entire first year becomes the down payment and the tenant-buyer can earn a mortgage based on what they do for the next 12 consecutive months, not credit score.

Famous Foreclosure Rentals is a much newer program, in which the rental home is in or about to be in foreclosure, while the owner seeks a mortgage modification, and is offered at below market rent to compensate the renter for inconvenience and uncertainty.

Many participants in the foreclosure program are waiting for the right home to be available in the rent to own program. Advanced has already announced foreclosure renters may move up at no cost. Now they will also be able to take their monthly rent credits with them.

We believe when the real estate market returns to normal the foreclosure rental program will probably become less important as foreclosure represent a smaller portion of the market and conditions change, said George Beardsley, President-Broker of Advanced.

In the meantime we are working on how many ways we can make the program even more attractive, he said. There is inconvenience and risk in the program, in exchange for the below market price, he said. And we want to find all the ways we can to compensate for the negatives.

Advanced has been renting homes in foreclosure for some time and more recently has begun to buy houses in foreclosure and with loan balances higher than current values of the home.

I am not an attorney, Beardsley said, but we have been working closely with a board certified real estate attorney during the entire program and believe the program will continue to be viable as long as there are no new factors introduced.

In Florida, a home owner continues to own his home and can do with it as he wishes until a judge says the house belongs to another person, he said. The owner must also disclose any factor not readily apparent that would affect value when selling a home, Beardsley said. We do the same for rentals and suggest prospective renters get legal advice if they wish.

As long as this is the law in Florida, the homeowner can sell or rent his house in foreclosure, so long as he discloses the risk to prospective renters, Beardsley said. Providing the discount and as many benefits as possible is only right, he said.

Advanced is a small Dunedin, FL-based boutique real estate brokerage firm specializing in buying houses fast and in the current market Advanced even has program for buying homes that are over financed, under water and even in some cases they will buy houses in foreclosure and over financed.

These homes usually become part of the Famous Foreclosure Rental Program where the resident is offered below market rent and is told the home is in or may soon be in foreclosure and Advanced or the client it represents will use the services of a board-certified real estate attorney to defend a foreclosure action should there be one.

Collapse in the housing market switched their operations to buying house for the purpose of renting, including the Famous Rent to Own on Steroids and now the Foreclosure Rentals.

We buy houses, estate homes, for sale by owners and rentals fast and turn them into affordable housing, Beardsley said. We buy any price range and almost any condition, he said.

If you live in Albany, Fond du Lac, Des Moines, Bangor –or Chicago, as I used to, and you need to sell a house in Florida, Beardsley said, we are the people who buy houses in Florida.







Non-Profit Neighborhood Community Foundation Brings Successful Foreclosure Prevention Workshops to Denver Area

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Denver, CO (PRWEB) August 31, 2012

Denver foreclosure attorney, Richard Casey of the Casey Legal Group, is tired of hearing about the lack of real, actionable information that is available to local homeowners who are faced with loan modification and foreclosure defense issues. Looking for a way to further educate Colorado homeowners, Mr. Casey has teamed up with a non-profit advocacy group, Neighborhood Community Foundation and their successful Foreclosure Prevention Workshop to give Colorado Homeowners a fighting chance against big banks and unscrupulous lenders.

The foreclosure epidemic is showing no signs of a slowdown. Millions of Americans owe more than their home is worth and economic conditions have not radically improved, says Richard Casey, a Denver-based consumer advocate and foreclosure defense attorney. Real solutions are available, however the stigma of shame associated with foreclosure has often kept people from seeking help, thus costing them dearly, Casey adds. These workshops have been conducted in Ohio, Illinois and Florida and have been successful at educating people about the latest foreclosure information and trends while providing proactive tools that they can use to help save their homes. I am excited about bringing this valuable workshop to the people of Colorado.

FREE FORECLOSURE PREVENTION WORKSHOPS: REGISTER @ 1-877-306-5299

September 6: Littleton Hampton Inn 7:00 PM

September 12: Brighton Hampton Inn 7:00 PM

September 20: Lakewood Courtyard by Marriott 7:00 PM

September 27: Colorado Springs Antlers Hilton 7:00 PM

During the workshop Mr. Casey will share free legal advice about the most common types of errors and violations found in loan documents and provide a full explanation of the laws that protect homeowners when facing foreclosure eviction. In addition, homeowners will receive information from other non-profit agencies to help them properly assess a practical course of action for their needs. The workshop will answer many questions and provide insight to guide homeowners to the next positive step, wherever they may be in the process.

Topics of the workshop include:

Children’s Obesity Fund Supports PHIT America Alliance Ambassador Program

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Los Angeles, CA (PRWEB) May 25, 2013

We at the Childrens Obesity Fund are very happy about our new partnership with PHIT America, says Julian Omidi, co-founder of the Children’s Obesity Fund with his brother Dr. Michael Omidi. Children’s Obesity Fund will support the Ambassador Campaign through our social media networks to help raise awareness with parents about the need for healthy lifestyle choices.

Ever since our first News Flash article, we have been approached by grassroots influencers, coaches, professional athletes and many P.E. teachers asking us how they can help support PHIT America, said Jim Baugh, founder of PHIT America. So, we decided to add a new Alliance category, which we call Ambassadors, to help promote our cause along with the 130 PHIT America corporate sponsors.

Who is eligible to become a PHIT America Ambassador? Teaching professionals, fitness instructors, coaches, sales reps, athletic trainers, P.E. teachers, school teachers, individual sports & fitness retailers, parks & recreation department administrators or any individual who wants to help spread the word about PHIT America and the regular news articles.

Having a number of local Ambassadors throughout the country will really help expand the reach of PHIT America at the grassroots level, said Mike May, marketing consultant with PHIT America. We need individuals from all walks of life within the sports, health, and fitness industry to become Ambassadors of PHIT America.

Throughout my whole career in the sports industry, I realized how important local influencers are to this industry. And, with PHIT America, we are doing the same thing. We want people who believe in our mission and goals to be part of our team and help deliver our message to their contacts, said Baugh, former president of Wilson Sporting Goods, a member of the board of directors of the Sports & Fitness Industry Association, and a member of the Sporting Goods Industrys Hall of Fame.

What does a PHIT America Ambassador have to do? It is easy. Ambassadors will receive PHIT America News Flashes and are asked to forward them to their contacts via email, Facebook, Twitter or any other efficient way. If an Ambassador has a Twitter or Facebook account, they are asked to follow or like PHIT America.

Are there any benefits to be an Ambassador of PHIT America? Yes. All Ambassadors are listed on http://www.PHITAmerica.org with their professional affiliation and a link to a website of their choice. Most importantly, Ambassadors will be part of A Movement for a Fit & Healthy America.

“Parents can often be too busy to connect with sports and fitness professionals to get their kids involved in athletics,” says Dr. Michael Omidi. “The Children’s Obesity Fund will certainly bridge that gap for parents by identifying local sports professionals around the country.”

We must work together to help solve the obesity crisis. And, more and more Americans are becoming totally sedentary, commented Baugh. Our industry has a great gift to give to Americans, namely sports and fitness as a way of life. America really needs our help. PHIT Americas outreach and programs will help get Americans more active, fit, and healthy.

Interested individuals can become an Ambassador by emailing Ambassador@PHITAmerica.org. Please send PHIT America your name, email address, professional affiliation(s) and a URL you would like to have linked from your listing on PHITAmerica.org. Once acknowledged, you will start to receive PHIT America News Flashes, articles and other materials to support the cause and campaign.

Co-founded by Julian Omidi and Michael Omidi, M.D., the Childrens Obesity Fund (http://www.childrensobesityfund.org) hopes to help reverse the trend of rising obesity rates in America. The goal of the non-profit charity is to help people fully understand the obesity issue and its dire impacts on individuals and society as a whole — and to use that knowledge to encourage children to grow up strong and healthy. Childrens Obesity Fund partners with other organizations to educate and support parents, educators and others so that we can all work together to raise healthy, active, social, and happy children. While the organization does not accept donations, it does encourage direct contributions of money and talents to the associations featured on our website. Childrens Obesity Fund is on Facebook as well as Google+, Twitter, and Pinterest.

PHIT America — an educational, advocacy and social media marketing campaign — is designed to reach millions of Americans and create a Movement for a Fit and Healthy America. PHIT America will combat the obesity and sedentary activity crisis — which is having an adverse effect on health care costs in the U.S. — by promoting new legislation and grassroots programs that will help get Americans more active, playing more sports, getting fit and becoming healthier.

PHIT America http://www.PHITAmerica.org — is a not-for-profit cause and campaign launched in January of 2013. PHIT America 8505 Fenton Street, Suite 211, Silver Spring, MD 20910 p: 301-495-6321 f: 301-495-6322







Big Banks Target Veterans for Foreclosures

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Chicago, IL (PRWEB) May 17, 2013

The Federal Savings Bank echos news that veterans are finding themselves in difficult financial situations and facing mortgage foreclosure. However, in at least one state, they are even being targeted by banks looking to profit off foreclosures.

According to Atlanta ABC affiliate WSB-TV, lawyers in Atlanta, Georgia, are receiving hundreds of cases in which veterans are being victimized by big banks and ultimately end up in foreclosure. In one instance, a man was not in foreclosure and had no mortgage loan issues, but his bank suggested he apply for a loan modification. As reported by the source, during the two-year-long process that ensued, the veteran was instructed by the bank not to pay the mortgage. However, soon after, lenders were sending astronomical bills he couldn’t pay.

Similarly, Air Force veteran Richard Leder’s bank told him not to pay his lenders, and his home was foreclosed five months later even though he had the money to pay back what was owed.

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The attraction of targeting veterans is likely because VA home loans are insured, WSB-TV reported. After foreclosure, a bank can sell the home loan to another mortgage company and still keep the insurance money – thus earning double profits. The problem is that the misguided instructions given to veterans are usually over the phone or in person, so there is no written record of them. This makes it much harder for homeowners to prove that the banks were acting in bad faith.

National measures

Fortunately, many states are implementing strong initiatives to help veterans who are at risk of foreclosure. For example, Michigan recently introduced a $ 5 million veteran homeowners’ assistance program. Through this new system, both active military members and veterans will have the opportunity to get financial aid from the state.

Veterans Affairs Supportive Housing (HUD-VASH), from the Department of Housing and Urban Development, is also a great resource for homeless veterans to get assistance with finding permanent homes.

Atlanta lawyers are working hard to bring justice for the veterans who were victimized by big banks. Some of the offenders are offering settlements, but for many defendants, that isn’t sufficient.

“There’s not enough money to compensate me both emotionally and physically for what I went through,” Lydia Smith, one homeowner who was targeted, told WSB-TV.