New Mortgage Loan Modification Site Launches to Assist Property owners Avoid Foreclosure

Delray Beach, Florida (PRWEB) March 13, 2009

In response to the massive onslaught of property foreclosures that have been spreading like a virus by means of every single city and suburb of this wonderful country, President Obama has signed into law the Homeowner Stability and Affordability Program, which is far more than most likely going to be an effective stopgap answer until we can get our economy back on the proper track.

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Mortgage loan modification, a key element of this strategy, is at this junction in time a really confusing topic to most struggling Americans. Certain, there are a lot of info tidbits strewn all over the internet, but as of yet there are no actual one-stop sources of worthwhile information on this subject. This is where Very first Capital Loan Mod claims that they can provide better assistance than what is currently obtainable in the marketplace.

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“We know that it’s really critical to get the correct info out to those who want it. This is a very timely matter, as mortgage loan modifications probably won’t be around forever. What struggling Americans really want appropriate now is a supply of reputable, secure and skilled details — not some ill-intentioned sales copy that only rewards the website’s firm!” a Initial Capital representative clearly explained.

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Via their website, FirstCapitalLoanMod.com, 1st Capital provides customers an straightforward step-by-step mortgage modification program. Their loan mitigation specialists offer an specialist information of all Federal and Customer Homeowner Laws to support any individual who really wants it by way of this current housing market crisis. Their belief is that every single single 1 of this nation’s 300 million citizens need to be allowed to have the correct to decide on whether or not to personal a property with no possessing to worry about what’s going to take place to them after they sign all the paperwork.

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New Legislation Aims to Avoid Foreclosure Scams in California

Woodland Hills, CA (PRWEB) November 13, 2008

I Quick Sale, Inc, a leading nationwide short sale and loss mitigation advisory firm, announces that the State of California has passed a new law to shield home owners facing foreclosure from fraudulent exploitation.

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California has been battered by a wave of foreclosures as the true estate crisis continues to take its toll. According to Realty Trac, a foreclosure tracking firm, the state now accounts for much more than a quarter of all foreclosure filings. Fraudulent foreclosure consultants have exploited property owners, frequently cheating them out of funds or eventually losing their houses. In response, the California legislature has enacted the foreclosure consultant law (California Civil Code

HouseRebate.com Now Providing Quick Sale System: Sell Your Residence at No Expense and Avoid Foreclosure


San Diego, CA (PRWEB) January 13, 2009

Customers can now save their credit and avoid foreclosure by promoting their property making use of the “Short Sale” process. For the initial time, HouseRebate.com is now supplying its Short Sale plan to troubled property owners. The homeowner can sell their property even if their loan amount is higher than the value of the house with no out of pocket fees. In a quick sale, the lender is willing to accept a smaller sized payoff of the balance of the loan in order to sell the home at fair industry worth.

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The ideal benefit of HouseRebate.com’s new Brief Sale system is that the lender usually pays all the commissions, listing charges and closing charges. The second advantage of selling your residence in a short sale rather than going via the foreclosure process is a foreclosure impacts your potential to buy a home 4 to five years longer than a short sale. Primarily based on the new Fannie Mae lending suggestions consumers might be able to qualify for a property loan in two years if they select a quick sale as opposed to five to 7 years if their home is foreclosed upon.

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To qualify for a Brief Sale, buyers normally need to have to be experiencing a economic hardship. These incorporate the following conditions: divorce, marital separation, military duty, healthcare bills, damage to home, illness, loss of Job, decreased Income, failed enterprise, job relocation, death and incarceration.

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For customers that do not want to sell their home, a totally free loan modification kit is accessible. The kit includes a step-by-step procedure to help buyers with the loan modification approach which will enhance their probabilities of acquiring a loan modification. A lot of lenders now have whole departments set up to deal with customer loan modification requests.

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For a lot more data on this Short Sale program and getting your cost-free Home Loan Modification Kit, please contact HouseRebate.com’s cost-free 24-hour recorded message 1-800-958-1952 or apply on-line.

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About HouseRebate.com&#13

HouseRebate.com is a full service actual estate firm. HouseRebate.com maintains a seasoned staff of agents who provide all the services that standard true estate offices offer you at discount pricing, supplying lowered commissions on sales and 33% rebates of its commissions on purchases. HouseRebate.com has a virtual foreclosure tour bus that shows the current San Diego foreclosure properties offered. HouseRebate.com is a member of the National Association of Realtors

Sign In Facebook Techniques 7 Methods to Avoid Getting Your Facebook Hacked


Dallas, Texas (PRWEB) June 25, 2013

Since Facebooks announcement in 2011 that 600,000 user account breaches occurred every day, the firm has chosen to release no further Facebook hacked statistics.

It is not known how much of the $ 100 billion stolen through cyber fraud each year is as a result of Facebook account breaches, but there is little doubt that social media hacking is a key part of any cyber-thiefs groundwork.

Those wishing to avoid becoming a silent statistic should follow this safe Sign in Facebook advice.

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Homeownership Preservation Foundation Offers Help, Six Warning Indicators of Foreclosure Scams to Avoid Property owners Falling Prey to Rip-offs

Washington, DC (PRWEB) October 18, 2010

Details about individual foreclosures is publicly offered, with any person able to access info such as the owner’s name and address, and in some states, other sensitive information. This signifies that homeowners in foreclosure can become the target of mortgage loan scammers who seek to take advantage of their predicament. The Homeownership Preservation Foundation (HPF), which gives data and financial education to guide customers toward the path of sustainable homeownership, is alerting homeowners to resources that will aid them keep away from getting victimized by unscrupulous firms conducting mortgage loan modification and foreclosure rescue scams. The Homeowner’s HOPE Hotline, 1-888-995-HOPE, is a central point of speak to for homeowners who believe they may be a victim of a scam.

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1-888-995-HOPE Accessible Resource for Property owners to Report Fraud

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“One particular of the most devastating aspects of the present economic crisis for property owners is the prospect of losing their properties to foreclosure, and to add to their distress, a lot of property owners have fallen victim to foreclosure help scams,” said Colleen Hernandez, CEO of the Homeownership Preservation Foundation. “Never be fooled. You can find specific guidance on how to keep away from mortgage loan scams by calling 1-888-995-HOPE or going to the web site at http://www.995HOPE.org,&ampquot said Hernandez.

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HPF has formed a coalition with NeighborWorks America, HUD, Fannie Mae, Freddie Mac, and the Lawyers Committee for Civil Rights Below Law to curb foreclosure rescue scams. The Homeowner’s HOPE Hotline has a devoted team trained specifically to take information on reported foreclosure scams and perform with home owners to address any monetary concerns. This information is employed by local, state, and federal agencies to shut down unscrupulous organizations. &#13

The U.S. Government Accountability Office released a report in July 2010 entitled “Residence Ownership Preservation,” which warns: “The existing foreclosure crisis has offered persons who could perpetrate mortgage foreclosure rescue and loan modification schemes with unprecedented possibilities to profit from home owners desperate to save their houses.”

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The report says that the most active scheme is one particular in which men and women or organizations charge a fee for solutions not rendered. In addition, the report said there are two other sorts of foreclosure rescue and loan modification scams that are frequent: advance-fee loan modification schemes and sales-leaseback schemes, with advance-charge schemes getting the most common. The U.S. Federal Trade Commission not too long ago reported on a new twist on the advance-fee scam–a forensic mortgage loan audit.

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Scams aren’t constantly easy to spot – but it assists if to know what to appear for. Right here are Six Warning Signs of a Foreclosure Scam:

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New Book: How to Avoid Foreclosure in California, 2012 Edition by Howard L. Hibbard


Burlingame, CA (PRWEB) July 06, 2012

True estate Lawyer Howard L. Hibbard, has announced the release of his new book titled, How to Avoid Foreclosure in California, 2012 Edition: An Straightforward Guide to Saving Your Property and Walking Away With Money, published by Cheka Press.

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Regardless of the overwhelming quantity of data accessible these days for distressed property owners trying to keep away from foreclosure, most of it is lengthy, hard to understand, legalese. Mr. Hibbard requires this to heart and condenses his info into an simple-to-comply with 30 page book, that provides answers to the most pertinent questions on mortgage default, loan modification and tax consequences.

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He starts out by introducing a Distressed House Owners Possibilities Chart thats chalk-full of worthwhile details broken down into eight various house sorts and the various options obtainable for avoiding foreclosure. He then goes a step further by telling distressed property owners how they can stroll away from their home with income in their pocket.

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Mr. Hibbard also covers the most recent 2012 California legislation and its effect on distressed property owners. In effortless to recognize terms, he explains Senate Bill 94 that prohibits advanced costs on loan modification, as nicely as Senate Bills 931 and 458 that forgive debt following quick sales. He also reminds us of earlier legislation on mortgage debt relief that is due to expire at the finish of 2012. In addition, he explains how to steer clear of falling victim to lawsuits, as well as scams to collect funds.

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You can obtain How to Steer clear of Foreclosure in California, 2012 Edition, as a paperback or eBook by way of Amazon.com and Smashwords.com.

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About the Author&#13

Howard L. Hibbard is owner and principal lawyer of the Law Workplace of Howard L. Hibbard, founded in 1979. With more than 30 years expertise as a trial attorney in both state and federal courts, his primary concentrate has been on commercial and residential real estate matters, including construction defect lawsuits. Mr. Hibbard is also author of The Legal Pitfalls of Quick Sales and Foreclosures, and teaches seminars on how to keep away from foreclosure via loan modification programs, and other essential details on buying and selling distressed properties.

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Loan Modifications Could Not Be The Best Answer To Avoid Foreclosure


Orem, UT (PRWEB) August 29, 2012

As numerous home owners across the nation struggle to make mortgage payments, some commence to wonder when the light at the end of the tunnel will arrive. For several, it hasn’t been quick adequate as they see their homes being sold to the highest bidder. Even the typical loan modification has been challenging to get and if successful only provides a short-term answer.

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According to RealtyTrac, roughly two.7 million foreclosure filings were recorded in 2011. That’s 1 in every single 69 households. “It is unfortunate,” says Jarad Extreme, a regional real estate investor and CEO of Foreclosure University. “So many Americans got caught in the bubble and bought a property at the height of the market. Now we are seeing house prices like they had been 15 years ago and now most houses are underwater.”

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Numerous homeowners are now upside down on their mortgage meaning they have damaging equity and owe far more than what their residence is worth. Simply because it was so straightforward to qualify for home loans, most homeowners had been taking out huge house equity lines of credit (HELOC) or 2nd mortgages to either pay off debt or acquire a few toys. Residence prices have been also at a premium and all seemed fantastic till the industry corrected in 2008.

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New CoreLogic information showed that the quantity of home owners that have unfavorable equity is about 11.four million or roughly 24%. That is a shocking statistic. Homeowners in this scenario now face difficult decisions… preserve paying the mortgage or just stroll away. Far more are more are just “walking away” and they refer to this as “strategic defaulting”. But is this the greatest remedy?

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According to Jarad, “anything is greater than just walking away and giving up specifically when there are a number of choices accessible to property owners which they ought to think about before basically letting their property go to foreclosure.”

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A single of the techniques that most home owners do not even know about is settling or eliminating the 2nd mortgage. By eliminating the 2nd mortgage, he says, will allow the homeowner more options, support keep them in their residence simply because of a payment reduction and in most circumstances give the house equity again.

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Serious also says that by settling the 2nd mortgage, as opposed to a quick sale, the homeowner gets to remain in their property and it doesn’t have the adverse effects on a persons credit like a short sale does. It’s comparable to a principal reduction which could aid a lot of property owners appropriate now.

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Understand much more about settling a 2nd mortgage by visiting http://www.ForeclosureUniversity.com

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Connected Loan Modification Press Releases

4 Merchant Advance Traps for Modest Organizations to Avoid


Vancouver, BC (PRWEB) June 05, 2013

Now seven years old, the Canadian merchant advance market has turn out to be a valuable supply of cash for thousands of tiny businesses across Canada. However, although this new alternative funding source is a step in the correct direction, the industrys unregulated landscape has resulted in business practices to be wary of, according to David Gens, CEO of Merchant Advance Capital. New financial products translate into new means to make income for monetary solutions companiesand some of those indicates can be abused, Gens warns.

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To support small company owners ensure they are dealing with a reliable merchant advance organization and are producing an informed choice conducive to extended-term achievement, Merchant Advance Capital gives 4 red flags business owners need to be wary of.

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1. Shady Re-advance or Leading-up Policy&#13

Some businesses in the merchant advance industry use re-advances as a way to juice income. This is quite crucial to realize from the viewpoint of the small company owner as it is best for a business owner to align with a company that can be there for the lengthy run and on reasonable terms.

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Here is how they do it. When you re-advance or best-up, you finish up refinancing your current remaining balance. In other words, you pay for the money twice. Make confident you are only paying a fee on the new income becoming advanced to you, Gens advised.

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2. Automatic Re-advances or Leading-ups&#13

Financing can be helpful for a businessbut only when it creates an chance and the enterprise owner is in manage. Some merchant advance firms automatically provide companies with further funds after a portion of the advance has been paid (normally buried in the fine print of an agreement). Via these automatic re-advances firms finish up owing increasingly a lot more alternatively of quickly and efficiently repaying an advance through sales.

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Plus, automatic re-advances are usually completed at a greater percentage price than the initial advance.

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three. Delayed Receipt of Sales&#13

For little businesses, daily money flow is crucial. Right after a busy weekend, shop owners want to restock inventoryand possessing to wait days to get cash from weekend sales (which would permit them to efficiently restock) can be frustrating and harmful to organization and sales.

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Some merchant advance organizations need firms to open a third-celebration lock-box or escrow account where sales go initial and the companies portion of sales are released a couple of days later. Other companies might supply split settlement, exactly where the credit card processing organization will split the sales (based on the withholding percentage of an advance) and the organization receives its portion directly from the credit card business. At the surface, split settlement could seem to solve the delay problem but it does not, according to Gens who warns that the additional administration place into splitting funds also results in a delay of up to a handful of days.

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We have noticed competitors lie about this to merchants and tell them there will not be a delay, and company owners locate out only right after theyve been funded. At that point its also late. With Merchant Advance Capital, there is by no means a delay in getting your sales, Gens said. The essential is to ask a lot of queries. Ask what the re-advance policy is. Ask if there could be a delay in getting funds. Ask for a distinct set of numbers if you have issues (perhaps you would choose a reduce withholding, or a larger amount up-front and so on.)

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4. Not Accredited&#13

When picking a merchant advance vendor, its important that the firm is accredited by the Much better Business Bureau. Accreditation indicates a organization has passed stringent criteria and doesnt have any unresolved complaints against their organization.

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To learn a lot more about the option small company financing from Merchant Advance Capital or to apply for the program, go to http://www.merchantadvancecap.com and chat with our friendly agents on-line. Also, keep up with the most current Canadian enterprise news and happenings with the companys weblog and subscribe to the common monthly publication, The Merchant Advisor.

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About Merchant Advance Capital: &#13

Merchant Advance Capital (MAC) is a Canadian owned and operated company headquartered in Vancouver, British Columbia that gives versatile financing options for Canadian little organizations. Their processes are fully automated and business owners have the choice to tie their payments straight to sales volumes, giving tiny firms exceptional money flow flexibility.

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Founder and CEO David Gens comes from a household of entrepreneurs and his preceding experience was in the private equity investment organization with CAI Capital Management Co. He launched Merchant Advance Capital to provide option financing to a wide variety of businesses including: restaurants, pubs, clothing stores, retail shops, comfort stores, professional corporations, coffee shops, auto repair shops, clinics, franchise operations, wholesalers, hotels, and many other individuals across Canada.

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RESTReport.com: Thousands Avoid Foreclosure In 2012 With REST Assisted Mortgage Modifications

San Diego, CA (PRWEB) March 15, 2013

The REST Report is a third celebration analytics tool provided by RESTReport.com that can assist property owners to avail of the mortgage modifications that are available to them. According to John Gittelsohn at Bloomberg Businessweek,

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The number of properties for sale has shrunk to the lowest level in a decade, easing concerns about a new wave of foreclosures.

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And, even though there are a lot of factors that the foreclosure statistics dropped inside the last year, part of that reason is that much more property owners are receiving their mortgages modified by lending institutions as an alternative of obtaining foreclosed. Thousands of these approvals of modifications and loan workout applications such as the HAMP and HARP applications have been obtained thanks to the REST technique at RESTReport.com. Brandon Moore, chief executive officer of RealtyTrac, said in a recent post on CNNMoney,

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“Applications like HAMP and HARP have absolutely produced a dent in the foreclosure difficulty,”

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Madeline Schnapp of Foreclosure Truth surmises that the increase in foreclosure cancellations is far more likely due to short sales or effective loan modifications rather than filing errors or statutory time frames.

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For many property owners, the REST Report has played a huge element in the good results of these loan modifications. Martin Andelman of IEHI, Inc. says, “Weve run over four,000 REST Reports and their effectiveness is unquestionable”

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RESTReport.com provides help for REST Report licensees that are compliant with the Federal Trade Commissions rulings on Mortgage Help Relief Services (MARS). REST Report licensees are offered with video tutorials, live assist desk assistance, pre-submission package critiques and other tips and methods to make certain that they are fully equipped with how the REST Report is utilized.

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The site is also continuously updated to keep licensees up to date on any new alterations in the modification programs accessible, taking into account, for example, the recent alterations to the HAMP programs. In turn, the licensees are in a position to supply timely assistance to property owners or customers to fulfill their wants and aid them uncover options to their loan problems.

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The calculations utilized take all the details into account and then determine what the best course of action is and what new loan terms, if any, are at the moment accessible and would be most beneficial to the homeowner and the most lucrative for the loan investor. In a lot of instances, the bank or investor holding the loan would acquire much more by modifying the terms of the loan rather than settling on foreclosure.

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Nevertheless, there are cases when the REST Report will show that the only alternative would be to foreclose. But, if the difficulty is detected early on, it can allow homeowners to make changes and possibly keep away from the impending foreclosure. Given that the REST Report provides a detailed and up to date analysis of the loan circumstance, it enables institutions to advise their customers as to what they can do to better their circumstances.

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The Report requires all the guesswork out of applying for greater loan terms and does not leave home owners in the dark as to why their request was denied. If there is a issue, the report will show that issue, and this will give home owners a chance to find a remedy prior to they really submit their application to the bank or loan institution.

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Simply because of the unprecedented quantity of details provided to the homeowners and the fantastic success rate for institutions that use the program appropriately, foreclosure is now becoming avoided by thousands and numerous far more that are facing repossession or foreclosure are discovering how valuable this tool can be.

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Firms that would like to use REST items can apply to grow to be authorized REST Report licensees by filling out a kind on RESTReport.com.

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For more data, please go to RESTReport.com or LoanSafeMods.com for a full overview of all goods and services supplied.

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Buyers Give Merit to Use of Housing Counseling Business to Avoid Foreclosure

Columbia, SC (PRWEB) June 18, 2005

What can a borrower do to avoid foreclosure sale of the property if they have failed at a bankruptcy program or do not have all of the monies requested by the creditor?

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This release offers testimony from 5 courageous property owners who have been able to successfully avoid foreclosure sale of their homes by means of housing counseling services supplied by Save Your Property, Inc.

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Dianna Rumph’s residence was scheduled for sale on June six, 2005 after she fell over a year behind because of extreme wellness issues. “My mortgage organization did not want to accept my down payment and Save Your House had to make contact with the HUD office in Oklahoma to get the lender to assessment my file beneath HUD guidelines”, mentioned Rumph, of Orangeburg, SC. “My loved ones would be out on the street nowadays if it weren’t for Save Your Property and I thank them from the bottom of my heart.”

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Save Your Property is a national foreclosure prevention business that was founded by Herbert Addison, JD, CHC and Michael Taylor, Sr. Mr. Addison is a certified housing counselor and a member of the Virginia Association of Housing Counselors. Specialist housing counseling includes developing spending and savings plans and skillfully negotiating with lenders. They are also co-authors of How to Save Your Home, ISBN# 09753754–7, $ 19.95, SYH University, LLC, 2005, which is on sale at Amazon.com and has received an “Excellent” rating from bookreview.com.

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“We are the only foreclosure prevention business in the nation that has published a do-it-oneself-guide for the homeowner. It is not about the income, it is about the mission,” Taylor mentioned. “Our mission is to provide monetary literacy education to buyers with regards to wealth creation and homeownership retention.”

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1 cause for their passion is since of previous personal financial experiences that parallel their clients’. Mr. Addison agreed to disbarment following 3 years of litigation with the SC Bar. He would be eligible to rejoin the SC bar in 2007. In 2002, Mr. Taylor agreed to a two-year suspension from the SC Real Estate Commission which is now complete.

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“I virtually lost everything in 2002 and share my story of hardship in our book”, said Addison. “We really understand the emotional and psychological distress that the homeowner is experiencing simply because we have also been in foreclosure and have a passion for assisting them to succeed.” said Taylor.

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William Cost-free, III of Orangeburg, SC lost his property to a foreclosure sale in November of 2004. “My lawyer recommended me to Save Your House and they worked with the lender to set aside the foreclosure sale and to take less money than what was owed so that I could get a loved ones member to repurchase the home” said Free.

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When asked about 7 complaints against their business filed with the SC Division of Consumer affairs, Mr. Taylor responded that they had supplied service to 1543 buyers in the Midlands and more than three,000 nationally. “ Seven is much less than a single-half of 1% of the clients served by our company in this location. For those consumers who are prepared to dedicate themselves to a spending and savings program, the achievement rate is about 90%.” “Though our dedication is to excellence, it is imposible to satisfy absolutely everyone” Taylor added.

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Joe Caton of Service Management, a major magazine focusing on default management verifies that Taylor and Addison are best specialists in the field of loss mitigation. “Mike and Tony have been crucial note speakers for ABN-AMRO last year to discuss bankruptcy and default problems,” Caton mentioned.

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Mr. Lewis Whitener of Columbia, SC has also come forward to tell his story. “They got the job completed for me” mentioned Whitener who received a loan modification from Midland Mortgage in June 2005 to quit foreclosure action against his property.

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Walter McCloed of Kingstree, SC agrees. He was over $ ten,000 behind on a loan with Choose Portfolio Solutions and had a sale date scheduled on June six, 2005. “The sale was stopped and all I had to come up with was a $ 1,500 down payment to get a repayment program.” McCloed stated. Mr. Addison and Mr. Taylor had been extremely encouraging, skilled and walked me by means of the whole process.”

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Save Your Home’s housing counseling plan also worked for Awni Abuaita of Columbia, SC. “I employed the service to save my credit with a deed-in-lieu of foreclosure when my payment became also high,” said Abuaita.

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Even though some might believe that foreclosure can’t be stopped with proper housing counseling, 5 customers have come forward to categorically prove otherwise. In addition, mortgage lenders have long recognized that loss mitigation saves houses and recognize Taylor and Addison as “rising stars” inside this location.

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