Tag Archives: America

The Law Offices of Kramer Kaslow: Bank of America CEO Speaks At State Attorneys Basic Summit

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Calabasas, California (PRWEB) June 04, 2011

MSNBC recently reported that during the state attorneys common summit, Bank of America Corp. Chief Executive Officer Brian Moynihan said that property owners could have to appear elsewhere for extended-term investment returns. He opines further that some locations of the nation could not rebound at all.

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Its worth placing the remarks in context, observes Philip Kramer, senior companion at the law firm of Kramer &amp Kaslow, Bank of America is in problems. Regulators, Justice Department officials, and court instances are coming at them proper and left. Theyre crying poor.

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The MSNBC article reports that Moynihans argument is that low population growth in some regions of the country will lessen demand and consequently act as a downward pressure on home prices.

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“It’s sobering to consider, but some people should not be thinking of (their property) as an asset,” Moynihan stated at the 2011 National Association of Attorneys Basic conference. “They need to be considering of it as a great location to live.”

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Philip Kramer sees it differently. Kramer feels that property owners, faced with an at best uncertain future, have to do every thing in their energy to readjust their home values now. For greater or worse, for possibly the initial time in history, banks are speaking with homeowners about modifying loans and producing other adjustments. Kramer observes. Now is the time to get things to happen. Even if it has to be completed by means of the courts. Judges are listening to homeowners arguments about bank wrongdoing in a way they by no means would have a decade earlier.

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As Kramer sees it, element of the banks obligation is to reduced house values to their existing marketplace valuations, rather than the inflated amounts at which the loans were initially made. Appear, says Kramer. The banks are working with homeowners because theyre beneath duress. There is nothing noble or nicely-intended in the situation, but even so, even although they are becoming dragged into producing adjustments kicking and screaming, even with all of that, it is taking place. Also slow. Too tough. Too time-consuming. But for the initial time, with a lot of obstacles, home owners have a fighting opportunity to come out ahead. Theyre going to have to fight tough, but they just may win for when.

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http://www.msnbc.msn.com/id/42556230/ns/organization-true_estate/

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes commercial litigation and trial advocacy, with a concentration on company litigation, and real home matters. He has prosecuted and defended instances for over twenty 5 years.

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Mr. Kramer is a licensed genuine estate broker and has spent considerable time delivering legal solutions in connection with genuine estate troubles relating to loan modification and loss mitigation, land use and zoning, environmental problems, easements, building and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice prior to all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 instances. He has appeared on nationally televised programs regarding pre-trial process and trial approach and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer regularly lectures on a broad spectrum of a variety of legal and company troubles.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization dedicated to bringing professionalism and civility back into the legal profession. He also serves on several Boards of Directors and serves as an officer in a lot of businesses. For a lot more information call (818) 224-3900 or pay a visit to http://kramer-kaslow.

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Connected Loan Modification Services Press Releases

Kramer Law: Bank of America Accused of Burdening U.S. Regulators In the course of the Foreclosure Evaluation Procedure

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Calabasas, CA (PRWEB) June 21, 2011

Philip Kramer, lead attorney at the Law Offices of Kramer and Kaslow, released comments nowadays concerning current reports of a court filing against Bank of America Corp. ( Superior Court of the State of Arizona, State of Arizona v. Countrywide Monetary Corporation et al, CV2010-033580). According to court documents, Bank of America is accused of unnecessarily burdening U.S. regulators who had been reviewing the mortgage giant’s foreclosure practices.

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A Huffington Post article information how the Arizona suit is based, in portion, on the findings of The Division of Housing and Urban Improvement Inspector General’s Office, which performed a assessment of the 5 biggest mortgage servicers, such as Bank of America, which is the most significant.

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Departmental auditor William Nixon mentioned Bank of America “significantly hindered” the assessment, according to a document filed in a lawsuit brought by the State of Arizona against the bank.

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“Bank of America, the biggest handler of house loans in the U.S., threw up roadblocks to the investigation, Nixon said, like stopping his group from performing a “walkthrough” of the bank’s documents unit.

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The bank withheld key documents and information, prevented investigators from interviewing bank workers or asking particular inquiries, and was slow to offer info, according to a June 1 declaration by William W. Nixon, a fraud examiner and assistant regional inspector basic for audit for the U.S. Division of Housing and Urban Improvement inspector general’s office.

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“When interviews were permitted, the presence or involvement of the bank’s attorneys restricted the effectiveness of these interviews,” Nixon stated in the filing.

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According to court document, the bank also failed to completely comply with subpoenas issued by Nixon’s group. HUD’s internal watchdog issued two subpoenas requesting documents and details, and what was returned was incomplete, had conflicting info, and in some cases, the bank offered excerpts of documents rather than the full record.

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Also alleged in the suit is that in one instance, Bank of America supplied only a third of what the watchdog requested. In another instance, Nixon’s group waited 3 days for the bank to fulfill a request for “basic information.” Though the document was requested on a Friday and provided to investigators the following Monday, what the bank provided “prompted many extra concerns that necessary answering,” Nixon stated in court documents.

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The Huffington Post reports that due to Bank of America’s “reluctance,” Nixon resorted to asking the Justice Department to situation so-known as civil investigative demands final December to compel testimony, a “less efficient” implies of carrying out its investigation, Nixon said. His workplace can’t compel testimony on its own.

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Philip A. Kramer is a senior companion of the law firm Kramer &amp Kaslow which has filed consolidated plaintiff litigation suits on behalf of hundreds of home owners against six major lenders, such as Bank of America Corp.

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I dont know if this is the final nail in the coffin, Kramer states. If nothing else, it looks like it is what Winston Churchill after characterized as Now this is not the end. It is not even the starting of the end. But it is, possibly, the end of the beginning. My clientele have repeatedly alleged this behavior, and no 1 paid attention. We have been screaming from the mountain tops that this has been going on, and no one wanted to listen. Its a satisfied day when the government finally gets it.

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According to the Huffington Post report, Bank of America spokesman Dan Frahm mentioned any suggestion that the bank had not fully cooperated was inaccurate. “We offered on-internet site and adhere to-up access to much more than 55,000 pages of material and we voluntarily coordinated interviews and assisted with arranging depositions with two dozen employees,” Frahm stated in an e mail on Monday.

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Philip Kramer is really familiar with the practice of pretending to cooperate as practiced by the banks. They paper you to death with documents that are not relevant, although other a lot more pertinent documents are not disclosed or are buried in a veritable blizzard of paperwork. They provide details, interviews and the like with parties who have little or nothing at all derogatory to declare about bank practices. Lets just say it is unlikely they will ever deliberately place you in get in touch with with a whistleblower.

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Philip Kramer believes in fighting the great fight. Rather than becoming put off by the efforts of Bank of America and others to obfuscate and delay, he sees their behavior as the final desperate attempts of the behemoths to hold off disclosure. Its not going to operate, says Kramer. It never does.

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Far more of Philip Kramers observations can be discovered at the Law Offices of Kramer and Kaslow blog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior companion of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes industrial litigation and trial advocacy, with a concentration on organization litigation, and genuine home matters. He has prosecuted and defended situations for over twenty 5 years.

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Mr. Kramer is a licensed true estate broker and has spent considerable time providing legal services in connection with true estate concerns relating to loan modification and loss mitigation, land use and zoning, environmental concerns, easements, construction and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice before all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 circumstances. He has appeared on nationally televised programs with regards to pre-trial procedure and trial technique and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer often lectures on a broad spectrum of different legal and company troubles.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a past president of the Los Angeles West Inns of Court, a national organization devoted to bringing professionalism and civility back into the legal profession. He also serves on several Boards of Directors and serves as an officer in many companies. For far more data contact (818) 224-3900 or go to http://kramer-kaslow.com

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Bank of America Below Scrutiny For Failure to Modify Mortgages

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Roseville, California (PRWEB) September 08, 2011

The most common story I hear at UFAN from possible consumers is that theyve tried diligently for a loan modification, usually for a years time or much more. They are necessary to send in the same paperwork numerous times. Despite the fact that they contact and confirm that the paperwork was received, a couple of weeks (and sometimes months) later, a bank representative calls back and says it never came. Trying to function with bank loss mitigation is maddening. There is no truer instance, in my opinion, of how a single hand doesnt know what the other is doing.

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A current LA Instances report information how Bank of America and other key banks have been censured by the Obama administration for failing to comply with procedures under the Property Cost-effective Modification Program (HAMP).

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An inquiry, performed by the Treasury Division, identified that the 3 banks needed substantial improvement in properly evaluating borrowers’ incomes a key component of figuring out eligibility for HAMP. Below HAMP, a bank receives monetary incentives from the Federal government in exchange for modification of borrowers mortgages. Bank of America, JPMorgan Chase and Wells Fargo have received millions from the system. According to the above referenced report, funds will no longer be distributed to these banks until the necessary improvements have been implemented in their modification programs.

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The report further states that Bank of America, the nations biggest mortgage servicer, was singled out in the investigation as getting the worst offender. The administration concluded that Bank of America needs to make substantial improvement in identifying and contacting borrowers for the plan, clearly demonstrating how the bank reaches its loan-modification choices and making sure the bank was getting the correct incentive payments by means of the system. These findings coincide with allegations of Bank of Americas other current mortgage related abuses reported in the media.

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UFAN lately filed a multi-party suit against Bank of America in California Superior Court (case number 34-2011-0019314), alleging, among other issues, that the bank engaged in misconduct in its mortgage modification procedures. Court documents allege that the lead Plaintiff in the case was told to stop generating mortgage payments in order to be considered for a loan modification. She did so, according to the filing, but kept cash on hand required to bring the mortgage existing if negotiations proved fruitless. The complaint details how regardless of informing the bank of her willingness to spend, and promises by the bank that it would postpone foreclosure, the bank foreclosed and sold her residence, thereby denying her the proper to remedy the deficiency.

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The Washington Post reported in 2008 on a settlement, spearheaded by then California Lawyer Common Jerry Brown, in between Bank of America and 12 State Attorneys Common Bank whereby the bank promised that it would modify mortgages of its distressed borrowers that had been placed in negative loans. But, Bank of America is now below investigation, as reported by media sources, by all 50 state attorneys basic for allegations of reneging on these past promises, as nicely a host of other deficiencies in its mortgage practices.

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Even though HAMP was designed to market modification of 3-four million mortgages, as of Might 2011, only 731,451 borrowers had received permanent loan modifications via the program, the Huffington Post reports.

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Complementary consultations offered.

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By: Kristin Crone, Esq., UFAN Legal Group, Computer dba United Foreclosure Lawyer Network (UFAN)

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ABOUT THE UNITED FORECLOSURE Lawyer NETWORK

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United Foreclosure Attorney Network (UFAN) is a Roseville, California-based law firm delivering mortgage related legal solutions. The devoted attorneys and staff at UFAN operate tirelessly to seek and fight for the rights of American property owners. For much more information call toll totally free 1-866-400-4242.

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This release could constitute attorney advertisement. The data in this release and on the United Foreclosure Lawyer Network (TheUFAN.com) site is for basic details purposes only. Absolutely nothing in this release or on the United Foreclosure Attorney Network (TheUFAN.com) site should be taken as legal advice. Prior successes are no guarantee of future performance. Litigation is inherently uncertain and results in litigation are never ever assured.

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Connected Loan Modification Services Press Releases

Five Choices For These Not Selected For The Bank of America Bailout

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San Diego, California (PRWEB) June 13, 2012

VA Residence Loan Centers (VA-HLC), a San Diego-primarily based organization that specializes in VA Loans and helping veterans, active-duty military and their households with homeownership, has issued five possibilities for those property owners not chosen by the very publicized Bank of America (BofA) principal-reduction program.

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On the face of it, this offer by BofA sounds also excellent to be accurate, said Philip Georgiades, chief loan steward of VA-HLC. But in reality, recipients of this offer nevertheless have to prove they qualify. &#13

Nevertheless, says Georgiades, home owners who are not selected by BofA for principal reduction nevertheless have a way forward.

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By issuing these choices we are trying to support all home owners, rather than a select few. We want to reassure people that there are still several avenues open to them that will help them steer clear of losing their residences.

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VA-HLC provides these five options:

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1. Ask for a loan modification kind your lender. If you are facing a monetary difficulty making your mortgage payments, you could qualify for a loan modification.

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two. Short sale your home. If you no longer occupy your residence due to a job transfer, or other relocation, and you are unable to afford the housing expense of two households, you could want to contemplate a quick sale.

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3. If you presently reside in the residence, and have a high interest rate (a rate above 5 %), you may possibly want to discover choices such as HARP, or a streamline. Some refinance applications are offered to property owners without equity. Note that you should be present on your mortgage payment to apply for refinancing.

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four. Take into account renting out the home. There are numerous government applications that will support you find a tenant and, in some instances, guarantee that tenants rent. Section 8 is a ideal example. Under the Section eight plan, you as a landlord are guaranteed a specific amount of rent every single month. In addition, you also qualify for automatic annual rent increases.

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5. If the above choices are not available to you you might want to contemplate a bankruptcy as a final alternative. In some types of bankruptcies, you can eradicate mortgage debt. If the home is your main residence, you can eradicate a second position mortgage using a Chapter 7 or a Chapter 13 bankruptcy. If you no longer live in the property and you file a Chapter 7 bankruptcy, you can wipe out all of the mortgage debt on the home. However, if you chose this choice, you will have to give up the residence in exchange.

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VA-HLCs new service Home owners Action Services (HAS) program can help property owners refinance and decrease their payments. HAS assists veterans, active duty military and their households stay in their residences by supplying numerous mortgage payment-reduction plans, or support them sell their house even if they do not have equity in their homes.

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I encourage all servicemembers who are possessing issues in meeting their mortgage payments or who are facing foreclosure to take advantage of our new Home owners Action Solutions system. We are just a phone get in touch with away and are right here to assist. It may be the best telephone get in touch with you ever made, added Georgiades.

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About VA-HLC / VA Residence Loan Centers (http://www.vahomeloancenters.org)&#13

VA House Loan Centers is a qualified lender of mortgage loans to United States Veterans.

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The VA loan system aids veterans, active and former duty military, and particular spouses of wounded, M.I.A. or K.I.A. United States service personnel achieve the ultimate American dream: house ownership.

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Services provided by VA Property Loan Centers contain true estate representation such as VA loan quick sale processing, obtain help and VA loan application processing. VA Home Loan Centers delivers helpful loans to all eligible veterans and their households. It is easier to qualify for a loan by way of VA Home Loan Centers than other loan programs simply because they offer greater front-end and debt ratios as properly as the no down payment, no closing charges option (VA no/no).

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Other positive aspects include the potential to finance the funding charge, no mortgage insurance premiums, no prepayment penalties, low interest prices and month-to-month fees. VA loans accessible contain 15-year and 30-year fixed mortgage rates.

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For more details on the eligibility requirements and loan limits and how VA-HLC can assist with a VA loan, refinancing or foreclosure avoidance, get in touch with 888-573-4496 or go to their Internet site http://www.vahomeloancenters.org.

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State of Housing in Black America (SHIBA) Forum in Houston to provide Successful Options to Preserving Homeownership

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Houston, TX (PRWEB) November 13, 2012

The National Association of Genuine Estate Brokers, Inc. (NAREB), will host the Final of several analysis and policy sessions focused on The State of Housing in Black America (SHIBA). NAREB will be issuing their Public Policy update on housing in the African American neighborhood and will host a forum to present business lead Solutions on Friday, November 16, 2012, 1:303:30 p.m., on the historic campus of Texas Southern University (TSU) in the Auditorium of the Roderick E. Paige Education Building, (3100 Cleburne Street), in Houston.

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As opposed to the Concerns Forums previously held in New Orleans, Atlanta, Washington, DC and Cleveland, the Forum in Houston will concentrate on the findings and solutions that have been developed in consultation with market authorities, and nearby and national political and community leaders such as: Maurice Jourdain-Earl (Compliance Tech), Dr. LaVaughn (Federal Reserve, Dr. Benjamin Chavis (Co-Founder, HSAN), Rev. Dr. Otis Moss Jr. (Retired Pastor of the Olivet Institutional Baptist Church of Cleveland Ohio Congressman Elijah E. Cummings (MD-11th District) Congressional Delegate Eleanor Holmes Norton, (DC) and United States Senator Sherrod Brown (OH).

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At the Houston Solutions Forum, NAREB will present its 2012 Post-Recession Housing Recovery Policy Paper which will concentrate on many subjects that are at the moment impacting, and will continue to impact, minority communities across the country such as Foreclosure Mitigation, Neighborhood Blight, and Disaster Recovery.

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According to Housing Predictor (2012), ten million property owners will encounter foreclosure by way of 2012. And CoreLogic (2012) reports that there are 1.four million residences at the moment in the foreclosure inventory. A study by the Mortgage Bankers Association indicates that about three.25 million borrowers are delinquent on their loans and in danger of losing their houses. For mortgages produced among 2004 and 2008, around one quarter of all Latino and African-American borrowers lost their homes to foreclosure.

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The nation is faced with a continuing crisis and proposed options have therefore far met with limited accomplishment, says NAREB President, Julius Cartwright. For instance, much more than 1 million of the two.four million loan modifications completed from 2008 to 2011 have ended up back in delinquency or foreclosure.

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Hence, the Houston SHIBA Solutions Forum will highlight the Report of our Findings. The solutions will concentrate on preservation of homeownership, as well as the creation of sustainable homeownership for men and women and families trying to attain that dream. Not only has an amazing amount of wealth been lost as a result of the mortgage crisis, but it is not being rebuilt due to lack of access, says Cartwright. NAREB feels that this need to be discussed and addressed, and hence, the goal of this Forum and Report.

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There are a lot of things that have occurred in the African American neighborhood and other communities of color relating to the housing crisis that many individuals are not aware of, Cartwright continued. Thats why we are anxious to share all of our investigation and have a productive dialogue with the public, so that individuals will understand the ongoing impact in African American communities and in other ethnic minority communities, across the nation.

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The National Association of True Estate Brokers (NAREB) was formed in 1947 by African American actual estate pros out of a need to have to secure the right to equal housing opportunities, regardless of race, creed or colour. NAREB has a vast network of sector professionals which includes: Realtists, brokers, sales agents, appraisers, mortgage brokers, and loan officers, as effectively as practical authorities in pre- and post- counseling, loss mitigation, foreclosure, property management, housing building, and improvement. For more than 60 years, NAREB has participated in meaningful legal challenges and has supported legislative initiatives that ensure the availability of fair and inexpensive housing for all Americans. NAREB is the oldest minority true estate trade association in America.

Bank of America Loan Modification Horror Story Video Series Gains in Recognition on the Banking Poor You Tube Channel

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San Diego, CA (PRWEB) November 27, 2012

When Southern California filmmaker De Veau Dunn went to Bank of America to apply for a refinance on his property loan, he had no thought he would be provided a loan modification that would swiftly turn into a fiasco. The information of his predicament were in the end featured in BloombergBusinessweek. Dunn was asked to give a death certificate numerous instances, along with other financial documents, in order to complete the financial transaction with Bank of America.

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Initially, I thought the bank was generating fairly a handful of mistakes with all of their repeated, outrageous requests, but they continued this madness till I started broadcasting their shocking Bank of America loan modification horror story on social media, said Dunn.

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The “Bank of America Wants You to Die Prior to they Modify video that Dunn released has received close to 30,000 views on the Banking Undesirable Youtube Channel. When asked what prompted the creating of the video Dunn replied, Initially I did not want to make a video about this experience, but I felt I required to produce this project in case there were other folks out there that had been silently enduring this type of abuse. It turns out Dunns instincts were correct, as his very first video has received quite a quantity of emails and remarks on the Banking Poor YouTube channel. Most of the comments and emails Banking Bad has received talked about the identical sorts of troubles with loan modifications that he highlights in his first video.

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Dunn says, In the end, I am extremely satisfied to be a portion of a movement that sheds light on abuses by banking institutions that may possibly have otherwise been swept beneath the rug or forgotten. It feels very good realizing that I am helping other homeowners in the process of modifying their home loans to attain some degree of financial relief.

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Dunn has also teamed up with home owners advocate Steve Triebernig, who hosts the Facebook web page Preserve Bank of America Truthful. Steve has been instrumental in helping a quantity of homeowners in dealing with the banks in order to save their homes through his firm All Things True Estate that was nominated for a Far better Company Bureau Integrity Award All factors Actual Estate is located in Minnesota.

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Dunn concludes, So far, the real advantage of all of this has been tapping into a vast social network of consumers that are in some way being adversely affected by the sometimes appalling behavior of large banks. Men and women have been connecting and reaching out to “Banking Negative” on the Banking Undesirable Twitter feed, Facebook and YouTube channel. Social media has truly changed the speed and volume in which the globe can connect and make progress.

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About Banking Poor:&#13

The Banking Bad site and YouTube channel are dedicated to educating and informing the public of strange or immoral activities involving banking institutions. Banking Bads social media expertise enables customers to join the conversation and exchange info about their newest loan modification or banking pitfalls or successes.

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Related Loan Modification Press Releases

Bank of America Loan Modification Response Video Featuring Attractive Vampires Debuts on the Banking Bad YouTube Channel

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San Deigo, CA (PRWEB) December 27, 2012

The Banking Poor YouTube channel just recently completed the second video in a series of brief films that addressed a shocking banking scenario with a colorful cast of characters. Banking Undesirable Episode two features a quirky banker (with less than personable client service abilities), a pair of sexy vampires operating at a mortuary, and a comedian. All of these characters work in an revolutionary and inventive collaboration in order to assist tell the tale of a outrageous banking encounter, which is based on actual events. The Banking Poor channel has been featured on Bloombergs Businessweek and has been written up in MSN Real Estate.

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Nicholas George, author of the film generating book Film Crew: Fundamentals of Specialist Film and Video Production, makes his contribution to the series by playing a modern day day vampire variety who performs as an undertaker. It was a wonderful deal of entertaining to portray such a macabre and mysterious character, and hopefully that segment added some comedic relief and extra entertainment worth to the Banking Poor show. mentioned George, But it was also a great feeling to be a element of a project that brings focus to financial and social issues that influence so several individuals on a individual level.

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The Banking Poor YouTube channel seems to be steadily becoming a platform for a lot of disgruntled buyers to voice their personal experiences with the banks. Banking Bad has also teamed up with homeowners advocate Steve Triebernig, who hosts the Facebook page Hold Bank of America Honest. Steve Triebernig appears in the newest episode of Banking Undesirable and has been instrumental in helping many home owners in dealing with the banks in order to save their properties through his business All Factors True Estate. Steves business has been nominated for a Much better Enterprise Bureau Integrity Award and is positioned in Minnesota.

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The Banking Poor YouTube channel began recently with zero subscribers, but had swiftly gained viewership. The channel now has over 31,000 views and close to 1000 subscribers. As more and far more men and women use social media as a way to reach out to big corporations and try to have a optimistic influence on the buyer service they receive, Banking Negative intends to help give a voice to the average customer. Shoppers are welcome to use the Banking Undesirable Facebook web page or leave comments on the Banking Bad YouTube channel or web site.

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About Banking Bad: &#13

The Banking Poor internet site and YouTube channel are dedicated to educating and informing the public of strange or immoral activities involving banking institutions. Banking Bads social media expertise such as the Banking Negative Twitter web page allows users to join the conversation and exchange details about their newest loan modification or banking pitfalls or successes.

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Bluestone America Will Offer Longevity Asset Backed International Bond Offering

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Los Angeles, CA (PRWEB) February 18, 2010

Bluestone America has launched, on August 9, 2009, its new global bond offering intended for the EU, Asian and American markets. These bonds are revolutionary because they let for a selection of approaches to fund and securitize asset based lengthy-term improvement projects. These distinctive methods minimize the risks for classic capital lenders, permitting for decrease interest rates, longer terms, and a higher probability of project achievement due to these relaxed requirements. The bond is also structured in such a way that the coupon payment, and ultimate redemption, is independent of the funded project. These proprietary techniques used, have been created and are owned by Bluestone America, Inc.

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The Longevity Asset, which is the ultimate debt-servicing element, is not affected or related with any indexes or economic condition. It is modeled from absolute actuarial statistical data and utilizes an EU, Asian or American guarantor. The strength of this new asset backing comes from the origin of its recognized maturity. Over the last 150 years, the maturity information have been studied and became an experienced data tool. Also note that the asset has no speculative or derivative variables involved with its IRR or ultimate value at maturity.

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This Global Debt instrument is very best presented as a 144A SEC registered corporate debt offering for the EU, Asian and American markets. The Longevity Asset, getting assured by an EU, Asian or American guarantor, fully satisfies the bond debt service and redemption consequently the long term outcome of projects and companies being funded by way of the providing will not effect the achievement of the bond sales and monetary performance.

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As a provider of bond offerings that make use of non-correlated Longevity Assets, Bluestone offers services to provide and create the investment grade bond supplying. The addition of the Longevity Asset, satisfies the needed efficiency properties of the bond Pro Forma required for underwriting by the rating agencies and the guarantor. Bluestone facilitates securities, legal, accounting, asset management, auditing, indenture &amp trustee service and marketing and advertising utilizing established functioning alliances with international service providers.

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William Soady, President of Blustone America, was quoted as saying, This is a really specialized market in its infant stages that is offering a massive chance for those leaders who embrace the idea.

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About Bluestone America&#13

Bluestone America is a conglomerate of United States and offshore-primarily based corporations whose focus is asset management, asset based project securitization funding and acquisition of option funds. The members of the management and advisory boards of the Bluestone group of organizations have broad based experience in economic business improvement and banking in the Middle East, United States, South Korea, Brazil, Taiwan, Hong Kong, China and other key international financial and enterprise centers.

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Bluestones management and advisory board members are multi-cultural representing Asia, South America, North America, Africa and the Middle East. Bluestone America has developed numerous techniques of securitizing asset primarily based extended-term genuine estate improvement projects, employing Non-Correlated Longevity Assets. These methods and strategies are proprietary intellectual properties created and owned by Bluestone America.

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For more information on Bluestone America:&#13

Info(at)BluestoneAmericaInc(dot)Com

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Uncover Far more Securitization Audit Press Releases

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







Lance Denha Discusses Bank of America Announcement to Widen Its Principal Reduction Offerings

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(PRWEB) May 16, 2012

Bank of America announced last week that it has started sending letters to thousands of homeowners in the United States, offering to forgive a portion of the principal balance on their mortgages by an estimated average of $ 150,000 each. This reduction for qualifying homeowners could amount to monthly savings of up to 35 percent on mortgage payments, Bank of America said in a news release on May 7, 2012.

The principal reduction offers from Bank of America Home Loans are the direct result of a $ 25 billion settlement agreement earlier this year with 49 state attorneys general as well as federal authorities who had been investigating allegations of abuses over the handling of foreclosures, as reported in March of this year by the Associated Press. To the extent principal reduction and other modification tools help us turn mortgages headed for possible foreclosure into long-term performing loans, it will be positive for homeowners, mortgage investors and communities, Ron Sturzenegger, a legacy asset servicing executive, said in the statement. Lance Denha, Esq. of the Law Offices of Lance Denha commented however that The banks involved have up to three years to meet the provisions of this settlement although there are incentives for banks to assist homeowners in the first twelve months.

Bank of America said it planned to contact more than 200,000 homeowners who could be candidates for the offers, sending letters to a majority of them by the third quarter of this year. To be eligible for the principal reductions, however, homeowners will have to meet certain criteria, including: having a loan owned or serviced by Bank of America; owing more on the mortgage than their property is worth; and being at least 60 days behind on payments as of the end of January. Mr. Denha was quick to note, Catering only to those borrowers 60 days or more behind on payments has the added benefit to Bank of America to avoid any potential legal hurdles in cases where shoddy paperwork makes it difficult for them to prove it owns the mortgage and has the right to foreclose. Its a strategic move by Bank of America to assist those homeowners that it initially tried to foreclose on during the Robo-signing period that resulted in the settlement. Many of the original problems and irregularities still exist. The Associated Press noted at the time of the settlement that Bank of America had the largest financial obligation under the settlement at $ 11.8 billion.

The bottom line is this, says Lance Denha, Those who help themselves succeed more than they fail. Those who are conditioned to waiting for the state or federal government to make the banks do the right thing are likely to find themselves with few options. The wise homeowner is already pursuing his bank in the right medium: the courtroom. He is well-prepared, usually has retained an attorney, has the evidence of a securitized loan audit and can prove his case.

The Law Office of Lance Denha P.A. is committed to ensure that every possible avenue is pursed so that the homeowners legal rights are preserved. Actively monitoring the ever changing landscape of foreclosure laws, recent foreclosures across the nation as well as state imposed rules and procedures associated with foreclosure, is vital to ensure and protect these rights. The Law Offices of Lance Denha P.A. is a multistate law firm and helps legally defend wrongful foreclosure actions and utilize any and all legal tactics available to help accomplish preserving homeowners rights. For further information or assistance, please call at 954-840-0770.







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