Riverside, CA (PRWEB) June 27, 2011
Springboard Nonprofit Consumer Credit Management is pleased to announce that it is the recipient of a $ 3 million federal grant by means of the National Foreclosure Mitigation Counseling (NFMC) Program administered by NeighborWorks
Los Angeles, CA (PRWEB) February 02, 2012
ClearPoint Credit Counseling Options (CCCS) announced these days that Wells Fargo, Americas largest mortgage lender, is committing up to $ 250,000 to ClearPoint to give in-particular person and phone counseling and assistance to its buyers including applying for mortgage modifications.

Preservation of property ownership is the focus of this collaboration amongst ClearPoint and Wells Fargo , stated Chris Honenberger, ClearPoint president and CEO. By way of this partnership, ClearPoint will be capable to supply customized counseling to support bring relief to homeowners in distress nationwide.

With the collaborative effort, Wells Fargo has approved ClearPoint to help extend property preservation services to Wells Fargo mortgage clients by means of comprehensive credit counseling and mortgage payment assistance. The system supplies a Internet-enabled portal for counselors to transmit the essential documents necessary to successfully offer help to buyers with mortgage modifications.

Wells Fargo believes in the critical role HUD-approved housing counselors like ClearPoint have in assisting homeowners facing mortgage payment challenges, stated Joe Ohayon, SVP and Wells Fargo Residence Mortgage Servicing Neighborhood and Client Relations. This collaborative effort is an additional instance of Wells Fargos commitment to help clients keep in their houses.

As part of the effort, ClearPoint employees or volunteer professional will give extensive mortgage counseling, loss mitigation help, and assist with refinancing. Wells Fargo mortgage customers facing foreclosure are encouraged to apply for assistance by calling a HUD-authorized counselor at 877-877-1995 or visiting http://www.clearpointccs.org.

Wells Fargo buyers can also receive help straight from Wells Fargo House Mortgage by calling Servicing at 800-678-7986, on the Web at http://www.wellsfargo.com/homeassist/, and at Wells Fargo Residence Preservation Workshops (a schedule is posted at http://www.wfhmevents.com/leadingthewayhome). From January 2009 by means of November 2011, Wells Fargo has conducted 724,710 active trial or completed mortgage modifications in its servicing portfolio. According to Wells Fargo executives, more than the last 12 months, much less than two percent of the owner-occupied mortgage loans in the companys servicing portfolio resulted in a foreclosure sale.

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Associated Loan Modification Services Press Releases
DALLAS, TX (PRWEB) April ten, 2012
American House Mortgage Servicing, Inc. (AHMSI) reaffirmed its commitment to functioning with the non-profit organization HOPE NOW to proactively attain out to financially distressed home owners across the nation searching for home loan modifications by participating in upcoming homeowner outreach events in Chicago (April 23, 2012), Indianapolis (April 25, 2012), New Orleans, (May possibly 9, 2012) and Atlanta (June 1 and 2, 2012).

HOPE NOW and AHMSI started their partnership in 2008. AHMSI, HOPE NOW and numerous of the nations other mortgage servicers, hold events around the country, enabling property owners actual face-to-face mortgage assistance. At these cost-free events, homeowners have the chance to meet directly with their servicer or a non-profit housing counselor. These face-to-face meetings also offer residence owners the opportunity to find out far more about regional housing job force efforts and state programs supplying assistance. Most not too long ago, AHMSI has sent resources to HOPE NOW events in the cities of Miami, Charlotte, Las Vegas, Sacramento, San Diego, Tampa Bay and Los Angeles.

“Every person at AHMSI is incredibly excited to continue working with the team at HOPE NOW to provide home owners wise mortgage solutions,” mentioned Javid Jaberi, Executive Vice President & Chief Servicing Officer at AHMSI. HOPE NOW has helped numerous Americans when they have been unable to meet their mortgage obligations. Alternatively of heading into foreclosure, they have been in a position to stay in their houses due in component to the counseling they have received at these events.

“There are possibilities other than foreclosure, and AHMSI is happy to provide the required resources to bring far more appealing options to the attention of American property owners, commented Jaberi.

By offering a neutral website at which property owners can meet with counselors and mortgage providers, AHMSI and HOPE NOW supply Americans in require a way to easily find out all of the information to create a strategy to stay in their properties. The outcome is a proactive remedy that saves households from possible foreclosures.

AHMSI was founded in 2008 and is at present the 13th biggest mortgage servicer in the country. AHMSI supplies a wide spectrum of solutions to home owners, mortgage lenders and mortgage investors. AHMSI gives their clients fast, correct and innovative solutions. Considering that its inception in April 2008, AHMSI has modified over 190,000 mortgage loans, including more than 30,000 under the U.S. governments Generating Residence Cost-effective System. AHMSIs far more than three,000 associates function each day with the mission of assisting households preserve their dream of home ownership. For far more information, please pay a visit to us on the internet at https://www.ahmsi3.com.





Find Far more Loan Modification Services Press Releases
Temecula, California (PRWEB) August 04, 2012
When a foreclosure takes spot the lender reclaims a home by legal method to recoup the outstanding balance on a mortgage or loan. The house is sold, normally at auction, and the proceeds of the sale are used to settle the debt. The foreclosure process differs from state to state, and can occur as rapidly as 30 days from the time that a notice is received. In some situations, the lender can also come following the individual for the remainder of the loan if the sale price tag doesnt satisfy the debt. There are actions that a homeowner can take in order to cease a foreclosure with the assist of a Temecula lawyer. The law offices of Zhou and Chini a single of Temeculas better identified bankruptcy firms, is putting forth a enormous marketing campaign to attempt to save homes for Southern California residents. To learn far more about a filing chapter 13 bankruptcy in Temecula visit http://www.bankruptcyattorneytemecula.com/

The homeowner can also try to negotiate a loan modification with the lender. This can permit the home owner to preserve your home and make the payments on the debt far more manageable. Several programs have been developed to help property owners stay in their residences due to the current mortgage crisis. The U.S. Department of Housing and Urban Improvement supplies details on the governments programs to assist property owners negotiate a mortgage modification. A Temecula attorney can help with negotiating with a lender to acquire a loan modification. Fees associated with the negotiation procedure may possibly limit the advantages of the modification received. The law offices of Zhou and Chini can also check to see if the homeowner qualifies for the new HARP two refinance program for residents who are upside down in their property loan. To find out much more make contact with a bankruptcy attorney in Riverside County to go more than your options.

A homeowner can also stop foreclosure method by filing bankruptcy in Temecula. By filing a Chapter 13 bankruptcy case the person filing can catch up on back payments on the property by means of the payment strategy worked out with the bankruptcy trustee. The homeowner must continue to make timely payments on your property for the duration of the bankruptcy case, or the lender petition the court to proceed with the foreclosure sale. A seasoned Temecula bankruptcy lawyer can aid you filing for bankruptcy now.

Filing for Chapter 13 in Temecula may be an selection when facing a foreclosure. By filing a petition for Chapter 13 bankruptcy, foreclosure proceedings will automatically be stayed (stopped, delayed). Chapter 13 is the reorganization chapter of the Bankruptcy code wherein there is a proposed strategy for restructuring debts. This is often referred to as Individual Debt Adjustment or wage earners program. Chapter 13 serves to safeguard the debtors home from liquidation, as would happen in a Chapter 7 bankruptcy. The debtor is necessary to pay bills over a specified period of time, typically three to five years. Throughout that time, creditors are restricted from pursuing collections, which includes make contact with, lawsuits and a lot more. Foreclosure proceedings may possibly also be stayed. An person with typical earnings may be eligible for a Chapter 13, even if he or she is self-employed or operates an unincorporated enterprise. A corporation or partnership is not eligible for Chapter 13. If you are an person with less than $ 307,675 in unsecured debt and less than $ 922,975 in secured debt, you might be eligible to file for Chapter 13. In addition, you should have received credit counseling from an approved agency inside 180 days ahead of filings. Speak with an attorney in Temecula if you have any queries about filing to bankruptcy.

The firm utilizes Search engine optimization expert solutions to help in law firm advertising to market the message about the value of speaking with an skilled bankruptcy attorney in Temecula, if a person is thinking about filing. The firm continues its on the web presence by offering zero expense bankruptcy details on the bankruptcy firms blog and social media pages. This information along with free of charge consultations the firm hopes to assist more property owners discover about chapter 13 bankruptcy and what choices they may possibly have. To study far more on the bankruptcy firms Temecula Facebook page check out http://www.facebook.com/BankruptcyAttorneyTemecula

About the Firm: The Law Workplace of Zhou & Chini servicing the cities and counties of California. He is a graduate of UCLA and has been practicing law given that 1999. Mr. Zhou has a wealth of encounter in bankruptcy, civil litigation, household law, criminal law and unlawful detainers. Zhou and Chini Law Offices provide bankruptcy help to Temecula, Los Angeles, Riverside and San Diego residents. For much more details about the bankruptcy law firm please call the toll totally free, 888-901-3440 or going to http://www.bankruptcyattorneyinriverside.com/





Los Angeles, Ca (PRWEB) January 21, 2013
Home owners facing foreclosure usually need to have assist to steer clear of the scenario. Red Blue Realty can aid prevent foreclosure.

The biggest error homeowners make in regard to foreclosure is to take no action at all, till its also late. Theyre typically unaware of obtainable options, or just can not manage dealing with their mortgage lender. Of course, often mortgage organizations are a lot more prepared to function with home owners than realized. Right after all, foreclosure is time consuming and pricey for lenders as effectively as for property owners.

If a homeowner is willing to leave the home, the 1st step is to choose the assistance of a neighborhood appraiser or genuine estate firm like Red Blue Realty to get a existing estimate of how considerably a home could be sold for. With a recovering genuine estate marketplace, a residence could no longer be underwater, and could yield a profitable sale, permitting property owners to walk away from the house with gains pocketed.

For properties still underwater, one more option to support stop foreclosure is a short sale. This signifies that the home is sold for significantly less than the mortgage balance, with the lender agreeing to accept the proceeds of such a sale as complete mortgage payment. If the lender is not amenable to this program, a homeowner could nonetheless be able to negotiate what is named a deed-in-lieu of foreclosure. This implies that the homeowner turns the property more than to the mortgage holder in exchange for cancellation of the loan.

Both possibilities develop less black marks on a property owners credit rating than a foreclosure and work successfully to remove mortgage balance. However, home owners need to be certain that the lender is clearly forgiving the full quantity of mortgage debt, and that the language on such an agreement has been evaluated by a real estate professional or lawyer.

Also in these circumstances, tax consequences must be considered, as cancelled debt may be taxed as income.

Should a homeowner want to remain in a home and help stop foreclosure, the location to begin is by assessing the quantity you can spend towards your mortgage. Review bank and credit card statements for at least three months divide the amount spent more than the course of the year to a monthly quantity, following including yearly events such as vacations or vacation spending. With these numbers in hand for evaluation, figure out how to cut back on expenditures to totally free far more funds toward paying the mortgage. Contemplate outdoors the box possibilities such as taking on a tenant or terminating credit cards. Bankruptcy filing may possibly also avert the loss of a home and wipe out other debts.

After an analysis is produced as to how considerably money a homeowner can put toward the mortgage payment, the subsequent step is negotiating a payment program with the lender. Sometimes its a matter of receiving caught up on past payments with back payments spread out over subsequent months, or maybe a short-term suspension in or reduction of payments.

Lenders may also be amenable to interest-free of charge loans from HUD to get current, or permanent mortgage modification amounts. Obtaining assist to stop foreclosure isnt impossible. Red Blue Realty cautions property owners in this scenario to be aware of scam artists who guarantee assist but charge exorbitant fees and provide no assist at all.

With choices accessible, home owners just want to address the situation just before foreclosure becomes the only option left. Timely action yields selections that support avoid foreclosure.

Website: http://www.redbluerealty.com
E-mail: Get in touch with(at)redbluerealty(dot)com 
Phone Number: 1-(855) 66-RBREALTY or 1-(855) 667-2732





Related Loan Modification Press Releases
Indianapolis, IN (PRWEB) November 21, 2012
The foreclosure epidemic is showing no indicators of a slowdown. Millions of Americans owe more than their home is worth. Get information from a reputable source while understanding your options and staying present with developments in the marketplace that affect foreclosures.

Plainfield, IN: December four Holiday Inn Express – 7-9 PM

Greenwood, IN: December five Holiday Inn Express – 7-9 PM

Carmel, IN: December 11 Renaissance Hotel – 7-9 PM

Ft. Wayne, IN: December 18 Hampton Inn 7-9 PM

An independent, nonprofit organization based in Sarasota, Florida, the Neighborhood Community Foundation strives to aid residents create a far better understanding of the foreclosure process, legal rights, and available alternatives and options to stay in their houses.

Information is energy, and home owners can far more properly fight foreclosure by knowing about the process and understanding how present events can influence their outcome, says Jeffrey Pitts, a foreclosure defense lawyer who is 1 of the keynote speakers at the Neighborhood Community Foundations prevention workshops.

Every single week, details surfaces as we investigate and unravel the mortgage and banking industry crisis. What takes place each day can have an effect on each homeowner as they navigate the crazy, unreliable flow of foreclosure info such as discrepancies in communication amongst property owners and banks as well as solution primarily based sources for recovery.

News stories shock us each day with newly discovered bank fraud and rampant robo-signing activity. Lately, the major banks and servicers in the US agreed to pay a $ 25 billion dollar settlement because of fraud in the lending, loan modification and foreclosure processes. Lawyer Generals continue to sue the key banks and lenders for fraud. Homeowners are urged to get the information about their rights.

The Workshop will answer several inquiries and supply insight to guide home owners to the next constructive step, wherever they might be in the process.

During the workshop Mr. Pitts will share free legal advice about the most widespread varieties of errors and violations found in loan documents and foreclosure paperwork and supply a complete explanation of the laws that protect property owners when facing foreclosure eviction. In addition, homeowners will receive information from other non-profit agencies to support them properly assess a sensible course of action for their requirements.

Topics of the workshop include: 

Corydon, IN (PRWEB) December 27, 2007
The American dream of home ownership is going up in flames for people facing catastrophic increases in interest prices, missed mortgage payments, and tougher qualification requirements that make refinancing not possible for thousands of existing house owners. If you are a mortgage payer facing any or all of the above, then this year pull collectively a plan to save your residence from foreclosure.

According to Kathleen Rieger, President of Second Opinion Options Group and editor of Credit Rejuvenation a self-assist debt reduction site and newsletter, “Individuals who are possessing troubles qualifying for loans are not often people who have more than-extended their credit card debt. 80% of the men and women I talk to have monetary hardships brought on by life events like extraordinary wellness care expenses, corporate downsizing and natural disasters. All of these conditions lead to men and women to lose jobs, revenue and ultimately, their homes. Also frequently men and women turn to bankruptcy when they cannot make payments. What they fail to appreciate is the impact bankruptcy has on their credit history. It’s far better to arm oneself with choices as an alternative of falling into 10 years of credit rejection.”

Familiarize yourself with these foreclosure alternatives that can save your house or lessen the effect to your credit history.

Short Sale 
A short sale occurs when a house is sold and the lender agrees to accept a discounted payoff, meaning the lender will release the lien that is secured to the property upon receipt of less income than is truly owed. In other words, if you can come up with enough funds to satisfy the lender, they might settle for less that the full quantity of the loan. For the lender, possessing $ 50K in the hand is far much better than obtaining an empty home that is depreciating daily and for which they have to pay house taxes.

Quick Refinance

In a quick refinance, the lender may possibly agree to forgive some element of your debt and refinance the remaining debt into an completely new loan.

Specific Forbearance

A forbearance is an agreement produced amongst a mortgage lender and delinquent borrower in which the lender agrees not to exercise its legal proper to foreclose on a mortgage. The borrower agrees to a mortgage plan that, over time, brings the loan present. A forbearance agreement is quick-term resolution for delinquent borrowers. It is made for borrowers who have temporary monetary conditions, like short-term unemployment or health troubles.

Mortgage Modification

A mortgage modification is a modification to an current loan created by a lender in response to a borrower’s lengthy-term inability to repay the loan. A lender chooses to modify the loan simply because the expense of undertaking so is much less than the price of default. Loan modifications involve some mixture of:

San Diego, CA (PRWEB) April 08, 2013
LoanSafeMods.com not too long ago released a quantity of REST Report testimonial videos that can aid struggling property owners to understand how this third celebration analysis tool can aid them to get the mortgage modifications that they want and deserve. The REST (True Estate Solutions and Technology) Report functions by running the monetary details submitted by the homeowner against the current information offered by all obtainable loan perform out applications such as the HAMP, HARP and other government and proprietary loan function out or mortgage modification applications.

This aids the homeowner to see precisely what foreclosure options they have obtainable to them so that they can make the correct decisions when it comes to the future of their residences. It can also help to get stalled or delayed mortgage modification requests approved since it can also aid the lender or servicer to see how the numbers add up and why it would be a lot more beneficial to approve the modification than to foreclose the home.

So far this report has helped thousands of families to remain in their homes and stay away from foreclosure by ensuring that they are treated fairly by their banks and loan servicers. A few of these success stories are now becoming shared through the assessment videos posted on LoanSafeMods.com. These videos function the stories of property owners who had struggled for months, or even years in a couple of instances, to get their mortgage modifications approved with out the aid of the REST Report.

Every individual tells of how they have been on the verge of providing up prior to they identified the REST evaluation. This tool helped them to show their banks how they certified for the modifications that they had been requesting. In each and every case the bank or lender approved their requests just months following resubmitting them with their REST Reports attached.

Mona and her husband, who practically lost the property they planned to retire to, have been granted a modification that reduce their month-to-month payments almost in half and permitted them to maintain their house.

Linda, a single mother living in Oceanside with her daughter, lastly got her modification authorized right after struggling with the procedure for almost two years prior to finding the REST Report. She had her month-to-month payments cut by nearly $ 1,000.

Crystal, who was living in fear since her bank issued a Notice of Sale on her house, was finally in a position to prove to her bank that she did in truth qualify for the modification she was searching for thanks to the REST. She now pays only $ 728 per month as an alternative of $ 1,700.

Ron, an EMT living in San Diego with his two young children, struggled for a number of years to get a HAMP loan modification without success. Ultimately after finding the REST his modification was granted in a handful of brief months. He now pays about fifty % of what he employed to on his month-to-month payments and his principle was cut by more than $ 350,000.

These are just a handful of of the good results stories from property owners who have utilized the REST report with their loan modification applications. For the complete evaluations and to discover out much more about how the REST Report performs, click right here.





San Diego, CA (PRWEB) April 13, 2013
The REST Report is a third party analytics tool that can help property owners to find the greatest foreclosure options to their mortgage circumstance. As a licensee of the REST (True Estate Solutions And Technologies) Report, LoanSafeMods.com has helped several property owners to save their residences from foreclosure by delivering them with access to the REST Evaluation and walking them by means of the modification approach.

The REST can help folks to uncover the modification programs that they qualify for and it can also show banks and loan servicers how and why the home owners qualify for these modifications so that there are no delays and so home owners are treated pretty. So far the REST has helped thousands of men and women to avail of the mortgage modifications that they deserve and save their homes.

LoanSafeMods.com recently released a video assessment featuring a handful of of the homeowners who successfully utilized the REST to aid them in every single of their certain mortgage circumstances. Many of the scenarios have been very desperate, with some of them just inches away from losing their residences.

Nonetheless, following a REST Evaluation showing a qualifying result is submitted to the bank, the mortgage modification is typically authorized in just a matter of months. In most circumstances this is a huge relief, as some of the property owners featured in the REST video evaluation had been struggling with the mortgage modification approach for months or occasionally even years.

Obtaining a REST evaluation carried out is 1 of the most effective tools that property owners have at their disposable simply because the details provided on the report is so precise and trusted, even by lenders and government institutions, that it can be submitted as evidence in a court of law if the loan servicer refuses to grant a modification to a homeowner who clearly qualifies for a single.

The new REST Evaluation video can aid presently struggling home owners to recognize how the report can assist them in their desperate circumstances. The assessment involves stories from single parents, couples on the verge of retirement and these who have lost loved ones. Several home owners who are at the moment possessing issues maintaining up with their mortgages can relate, as usually it was some occasion such as a prolonged illness in the family or the loss of a job that triggered them to get behind on their payments in the 1st place.

The REST Report is a single of the most potent tools individuals who have identified themselves in this situation have at their disposal. Not only does it show them specifically what they qualify and eliminates the uncertainty and pressure of applying for a mortgage modification blindly, but it also helps to add weight to an application and convince the servicer that the mortgage circumstance deserves approval of the modification request.

Using the REST and the cost-free counseling of the homeowner advocates at LoanSafeMods.com can turn around a hopeless predicament and support households to save their residences. To uncover out much more about how the REST Report functions and how the group at LoanSafeMods.com can assist in the modification method, click right here.