Tag Archives: Foreclosure

Seattle Foreclosure Defense Seminar Dates for February 2013 Announced

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Seattle, WA. (PRWEB) February 08, 2013

Advantage Legal Group is supplying 3 Seattle area Foreclosure Defense Seminars in February. The Seattle Foreclosure Defense Seminars will cover foreclosure defense methods, mortgage mediation, deed in lieu of foreclosure, mortgage modification, real estate short sales and the Washington State Foreclosure Fairness Act.

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Seattle homeowners facing foreclosure can attend a single of three Seattle area informational seminars to find out about the possibilities accessible in Washington State.

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Seattle Area Foreclosure Defense Seminar Schedule for February 2013:

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Bellevue: Saturday Feb. 16th from ten:00 AM to Noon – Coast Bellevue Hotel – &#13

625 116th Ave NE, Bellevue,WA. 98004

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Lynnwood: Monday Feb. 18th from 7:00 PM to 9:00 PM – Lynnwood Convention Center 3711 196th St. SW Lynnwood, WA. 98036

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Tacoma: Wednesday Feb. 20th from 7:00 PM to 9:00 PM – Higher Tacoma Convention and Trade Center – 1500 Broadway, Tacoma, WA. 98402

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People facing foreclosure in Seattle or pondering about filing for bankruptcy are encouraged to attend this seminar to learn about all the alternatives in Washington State ahead of producing a decision.

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Space is restricted so attendees are encouraged to pre-register at the Benefit Legal Group web site.

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Jonathan Smith, whose firm serves most of Western Washington, notes that a wonderful quantity of his customers are acquiring modified loans via the mortgage mediation approach below the Washington Foreclosure Fairness Act. (FFA) which gives the homeowner facing foreclosure the right to force their bank to the mediation table. Washington State was the third state to implement such a foreclosure mediation program following Nevada and Maryland. Although the law has been in effect since July 22, 2012, it is estimated that significantly less that ten% of these eligible have availed themselves of the plan to date.

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The so named Foreclosure Fairness Act, gives distressed property owners operating with an attorney or housing counselor, the right to an in-person mediation approach to steer clear of foreclosure of their main residence. Property owners can’t request mediation themselves and need to request it by means of an lawyer or housing counselor. A lot of smaller banks and credit unions are exempt if they had significantly less than 250 foreclosures in the state in the earlier year.

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Numerous distressed property owners have observed dramatic reductions in their monthly loan payments. Smith says Of course it is dependent on the clients scenario, but we are frequently capable to bring a customers loan, that is months or even years behind, existing and lengthen their loan period out to 40 years in a totally amortized loan. Mr. Smith routinely attains these results for his clientele. It is not unusual for my clientele loans to be recast at rates as low as two% interest rate says Seattle Lawyer Jonathan Smith.

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Advantage Legal Group is a debt relief agency specializing in foreclosure defense and bankruptcy services below the bankruptcy code. Advantage Legal Group has two Seattle area offices in Seattle and Bellevue, Washington.

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Seattle Foreclosure Defense Attorney Jonathan Smith of Benefit Legal Group in Seattle Announces Foreclosure Defense Seminar Dates for March 2013

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Seattle, WA. (PRWEB) March 01, 2013

Advantage Legal Group is offering three Seattle region Foreclosure Defense Seminars in March 2013. The Seattle Foreclosure Defense Seminars will cover foreclosure defense techniques, mortgage mediation, deed in lieu of foreclosure, mortgage modification, real estate brief sales and the Washington State Foreclosure Fairness Act.

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Seattle home owners facing foreclosure can attend one particular of three Seattle location informational seminars to find out about the choices accessible in Washington State.

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Seattle Area Foreclosure Defense Seminar Schedule for March 2013:

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Bellevue: Saturday March 23rd from 10:00 AM to Noon – Coast Bellevue Hotel – &#13

625 116th Ave NE, Bellevue,WA. 98004

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Lynnwood: Monday March 18th from 7:00 PM to 9:00 PM – Lynnwood Convention Center 3711 196th St. SW Lynnwood, WA. 98036

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Tacoma: Thursday March 21st from 7:00 PM to 9:00 PM – Higher Tacoma Convention and Trade Center – 1500 Broadway, Tacoma, WA. 98402

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Individuals facing foreclosure in Seattle or considering about filing for bankruptcy are encouraged to attend this seminar to find out about all the possibilities in Washington State just before creating a choice.

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Space is limited so attendees are encouraged to pre-register at the Benefit Legal Group site.

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Jonathan Smith, whose firm serves most of Western Washington, notes that a fantastic quantity of his consumers are getting modified loans by way of the mortgage mediation procedure beneath the Washington Foreclosure Fairness Act. (FFA) which offers the homeowner facing foreclosure the right to force their bank to the mediation table. Washington State was the third state to implement such a foreclosure mediation program soon after Nevada and Maryland. Although the law has been in impact because July 22, 2012, it is estimated that less that 10% of these eligible have availed themselves of the plan to date.

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The so named Foreclosure Fairness Act, gives distressed home owners working with an attorney or housing counselor, the proper to an in-person mediation procedure to stay away from foreclosure of their main residence. Property owners can’t request mediation themselves and should request it through an lawyer or housing counselor. Numerous smaller banks and credit unions are exempt if they had less than 250 foreclosures in the state in the previous year.

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Many distressed home owners have seen dramatic reductions in their monthly loan payments. Smith says Of course it is dependent on the clientele scenario, but we are often able to bring a customers loan, that is months or even years behind, existing and lengthen their loan period out to 40 years in a fully amortized loan. Mr. Smith frequently attains these final results for his clients. It is not unusual for my clientele loans to be recast at prices as low as two% interest price says Seattle Attorney Jonathan Smith.

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Benefit Legal Group is a debt relief agency specializing in foreclosure defense and bankruptcy solutions below the bankruptcy code. Advantage Legal Group has 2 Seattle location offices in Seattle and Bellevue, Washington.

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As Foreclosure Filings in Maryland Rise, a Complimentary Report Shows Distressed House Owners How They Can Go from Foreclosure to Freedom

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Baltimore, MD (PRWEB) March 29, 2013

As lately by reported by James Briggs of the Baltimore Business Journal, Foreclosure filings in the state of Maryland rose .33% and pushed The state of Maryland into the leading 10 states with the highest Foreclosure rate.Baltimore Short Sale Realtor Dan McDevitt has released a complimentary report to aid Maryland Property owners facing foreclosure.

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For home owners in danger of losing their home to foreclosure, it is widespread to really feel alone and as although there is no aid. In Baltimore, Maryland, homeowners in this circumstance are discovering relief thanks to a devoted agent trained especially to assist distressed property owners.

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There are a lot more folks who discover themselves in this predicament than many understand, says Baltimore Brief Sale Realtor Dan McDevitt with Remax Initial Choice When they realize they arent alone and that there are options, its like a entire new globe opens up for them.

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There are a quantity of approaches in which homeowners may steer clear of foreclosure, even if they are late on their payments. Loan modifications, in which the bank alterations the terms of the loan so that it is more affordable mortgage forgiveness, in which the bank agrees to get rid of some or all of the quantity owed or brief sales, in which the bank agrees to sell the property for significantly less than the amount owed, are just some of the alternatives obtainable. There are also several Government Applications obtainable to distressed Property Owners.

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As a Certified Distressed Property Expert

Seattle Foreclosure Defense Seminars – Answers for Seattle Location Homeowners Facing Foreclosure on Their Residence

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Seattle, WA. (PRWEB) March 15, 2013

Benefit Legal Group is Providing three Foreclosure Defense Seminars in March 2013 to teach Washington State home owners facing foreclosure about the choices obtainable like mortgage mediation beneath the Washington State Foreclosure Fairness Act, mortgage modification, actual estate brief sales and bankruptcy.

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The Washington Foreclosure Fairness Act (FFA) provides Washington State home owners facing foreclosure a little recognized proper to force their bank to the mediation table. Washington State was the third state to implement such a foreclosure mediation program soon after Nevada and Maryland. Whilst the law has been in impact given that July 22, 2012, it is estimated that less that 10% of these eligible have availed themselves of the system to date.

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The so referred to as Foreclosure Fairness Act, provides distressed property owners functioning with an lawyer or housing counselor, the proper to an in-individual mediation approach to stay away from foreclosure of their primary residence. Home owners can’t request mediation themselves and have to request it via an lawyer or housing counselor. Many smaller banks and credit unions are exempt if they had much less than 250 foreclosures in the state in the prior year.

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Washington State lawyer, Jonathan Smith, with the law firm of Advantage Legal Group says this can be extremely effective means for most home owners facing foreclosure to mediate a modification of their loan and avoid foreclosure. For those eligible, the Foreclosure Fairness Act (FFA) gives framework via which mortgages can be re-negotiated.

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The approach is overseen by the Washington State Division of Commerce. Once mediation is requested by an attorney or housing counselor, the Division of Commerce assigns a mediator. The law then requires the parties to exchange monetary data and requires the banks to provide proof of ownership of the loan as nicely as an accounting of all fees and charges. If the homeowner was previously declined for a modification, they are needed to state why and supply any appraisals or other details relied upon. The Act also needs the bank to appear at the face to face mediation with their attorneys and a particular person from the bank present with the authority to sign off on a loan modification on the spot.

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Jonathan Smith, whose firm serves most of Western Washington, notes that a wonderful number of his consumers are obtaining modified loans by means of this method and many have observed dramatic reductions in their month-to-month loan payments. Smith says Of course it dependent on the customers situation, but we are frequently in a position to bring a customers loan, that is months or even years behind, existing and lengthen their loan period out to 40 years in a completely amortized loan. Mr. Smith often attains these results for his customers. It is not unusual for my customers loans to be recast at rates as low as two% interest rate says Jonathan Smith.

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Carmen Arruda, Regional Account Manager, with Fidelity National Title, says I am seeing excellent final results from this plan and hope that much more homeowners will avail themselves of this mortgage mediation plan. It is heartbreaking to see so a lot of people foreclosed upon every month who do not even know about this fabulous program offered to Washington State homeowners. I do not recognize why the state or the media dont market the Foreclosure Fairness Act or mortgage mediation far more.

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As a bankruptcy attorney in Bellevue, Seattle and Western Washington, Jonathan Smiths law firm also makes use of federal bankruptcy law to get rid of unsecured debt, and if the worth of the property is significantly less than what is owed on the 1st mortgage, to strip off second or third mortgages and discharge them in bankruptcy. The mediation approach can also be utilized to negotiate short sales as properly. Says attorney Jonathan Smith. Our firm has negotiated hundreds of quick sales, says Mr. Smith and we usually combine these approaches, renegotiate the 1st mortgage via mortgage mediation and strip off second mortgages all collectively through a chapter 13 reorganization bankruptcy to achieve wonderful results for our customers.

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Benefit Legal Group is a debt relief agency offering foreclosure defense solutions in Washington State like mortgage mediation, mortgage modification, brief sales and bankruptcy.

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Benefit Legal Group offers totally free foreclosure defense seminars in Western Washington. The following is the schedule of upcoming foreclosure defense seminars for January 2013. &#13

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Bellevue: Saturday March 23rd from 10:00 AM to Noon – Coast Bellevue Hotel – 625 116th Ave NE, Bellevue,WA. 98004&#13

Lynnwood: Monday March 18th from 7:00 PM to 9:00 PM – Lynnwood Convention Center 3711 196th St. SW Lynnwood, WA. 98036 &#13

Tacoma: Thursday March 21st from 7:00 PM to 9:00 PM – Higher Tacoma Convention and Trade Center – 1500 Broadway, Tacoma, WA. 98402

Space is limited so confirm your spot by submitting the registration type on the Advantage Legal Group Internet site.

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

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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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LoanSafeMods Helps California Woman Keep away from Foreclosure With The REST Report

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San Diego, CA (PRWEB) March 16, 2013

Loan modifications are becoming more widespread as far more individuals struggle with making their payments and lenders are beginning to realize that foreclosing all these properties might not be the most profitable option. Nonetheless it can nonetheless be extremely challenging to get a modification approved. Luckily there are a number of assistance programs that can assist homeowners to understand and make use of the modification method correctly. The most correct and speedy modification assistance tool is the REST Report (Genuine Estate Solutions and Technology Report) which is available on LoanSafeMods.com.

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As portion of their efforts to get the word out about the advantages of using the REST Report, LoanSafeMods.com not too long ago released a quantity of video testimonials by those who have had wonderful good results with utilizing the REST system. In all circumstances, the property owners had applied for a modification on their personal, or even utilized other solutions that promised them that their modification request would be authorized. However, these individuals all had a very hard time producing any progress and had been on the verge of losing their houses.

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For these men and women, the REST Report was a godsend and helped them to effectively apply for their modification and save their properties. A single of the most recent video critiques comes from Crystal, a homeowner living in San Diego, California, who had lost her fianc

LoanSafeMods Assists Struggling Families Stay away from Foreclosure with the REST Report

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San Diego, CA (PRWEB) March 20, 2013

LoanSafeMods.com gives the REST Report (Actual Estate Solutions and Technology Report) to property owners who are in danger of losing their properties to foreclosure. This Report aids families and people to see just what options they have when it comes to foreclosure options and in numerous cases it can assist to speed the approach of applying for a mortgage modification.

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So far, thousands of home owners have benefited from using the REST Report. Several of these people struggled for months or even years attempting to apply for a modification on their own, and in some case the modification was even denied. However, the REST relies on up to date data from all proprietary and government loan dispositions and calculations, this means that property owners are presented with all the options and can determine on the ideal course of action to pursue.

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LoanSafeMods.com, a licensee of the REST Report, lately released a quantity of videos by folks who have had accomplishment with their loan modification process thanks to the REST Report. These REST reviews can be found on LoanSafeMods YouTube channel.

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1 overview tells the story of Ron, a father living with his children in San Diego, California. Ron, who functions as an Emergency Medical Technician, had to apply for a modification when he couldnt hold up with the month-to-month mortgage payments at the original rate.

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Regrettably, following having no accomplishment applying on his own, he paid up-front for services from two firms, each of which could not support him get his modification granted. After years of uncertainty and worry of losing his house, Ron lastly located the REST Report through LoanSafeMods.com. In just a few months, the modification was granted, which reduced his principal by more than $ 360,000 and reduced monthly payments to less than half of what the original payments had been.

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Ron says in his testimonial, To have somebody who went out of their way to do a good job and not obtaining to spend beforehand was a blessing.”

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Yet another particular person who had their payments drastically decreased by using the REST Report is Linda, a single mother living in Oceanside, California with her young daughter. She tells her achievement story in yet another REST assessment.

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Right after applying for a modification many occasions and not getting approved for some purpose or one more, Linda was fully confused as to what the dilemma was. She says, It was so perplexing to me since I had enough revenue, I had all the criteria and they kept telling me ‘You have to resubmit, it really is been 3 months. You have to send in a new application.’ I consider I applied at least three, perhaps 4, times!

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After almost two years of getting the runaround, Linda ultimately decided to run a REST Report so she could see what the issue was and could comprehend the numbers much better for herself. She says in her overview, I had a REST Report carried out and I looked at it and it was the first time that the method made any sense to me. It was really valuable!

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Linda was ultimately granted approval of her mortgage modification and had her monthly payments decreased from $ 3,000 to $ 2,100.

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These are just two of the households that had been capable to save their properties from foreclosure utilizing the REST Report. For more data on the positive aspects of this third party analytics tool, please pay a visit to LoanSafeMods.com.

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More Loan Modification Services Press Releases

Washington Home Options Offers 5 Methods to Take If You are Behind on Your Mortgage Tips Incorporate Doing a Short Sale to Keep away from Foreclosure

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Seattle, WA (PRWEB) April 09, 2013

Monetary setbacks like the loss of a job or huge health-related bills can make it difficult to make ends meet. If a homeowner finds themselves behind on their mortgage payments, it assists to be proactive. Be conscious that federal and neighborhood agencies, even banks, are functioning to assist these who are behind on their mortgages with alternatives, such as a brief sale, to stay away from foreclosure.

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Washington Home Options, a short sale negotiating firm, delivers 5 steps to take if you are behind on your mortgage.

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1) Get in touch with your lender as soon as achievable.

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“If you are behind on your mortgage payments, the sooner you speak to your lender, the far more choices you will have, ” explained Richard Eastern, CEO of Washington House Options. “Some homeowners postpone communicating with their lender for so long that foreclosure becomes the only selection.”

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two) Talk to a housing counselor.

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The U.S. Department of Housing and Urban Improvement (HUD) has a list of authorized nonprofit housing counselors who will offer free counseling to home owners who are behind on their mortgages. Counselors will go more than options with you and recommend subsequent actions. Contact HUD at 888-995-4673 to find a counselor in your location.

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three) See if you can reduce your mortgage payment.

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You may possibly be able to refinance or do a loan modification to make your month-to-month payment a lot more affordable. There are a quantity of applications accessible depending on your situations. A HUD housing counselor or your lender can help you discover your possibilities.

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four) Discover out if you qualify for a quick sale.

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A short sale is an option to foreclosure when a homeowner wants to sell and can no longer afford to make mortgage payments. The lender agrees to accept less than the amount owed to spend off a loan, rather than going forward with a lengthy and pricey foreclosure procedure.

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Even though every property owners situation is unique, the basic criteria for qualifying for a quick sale are:

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You need to have to sell your residence.&#13

You owe more on your mortgage than your residence is worth.&#13

You have a private financial hardship that will avoid you from creating future payments. (Examples of hardship contain loss of job, divorce, death of a spouse and healthcare emergency or illness.)

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“In most instances, a quick sale makes much more sense than foreclosure, ” said Eastern. “When you want to obtain a loan to obtain a property in the future, far more opportunities will be available to you if you do a brief sale.” Discover out much more about how short sales function.

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five) See if you qualify for cash incentives tied to a quick sale.

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Numerous applications offer you money incentives to property owners to do a brief sale in order to stay away from foreclosure.

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The federal government’s Residence Reasonably priced Foreclosure Alternatives(HAFA) system might supply $ 3,000 in relocation help to property owners who do quick sales.

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Lenders, like Chase and Bank of America, have paid substantial cash incentives to encourage sellers to do a brief sale and stay away from foreclosure. Eastern has brief sale clients who have received incentives from their lender at closing in amounts that variety up to $ 35,000. The checks are provided for relocation help and can be used even so the homeowner sees match. There are no restrictions.

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Its critical to note that the seller incentive is determined by the investor, so not every single lender is paying incentives. However, if you are taking into consideration a quick sale, its a very good time to locate out if you qualify.

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About Washington Home Options&#13

Washington Home Options is a brief sale negotiating firm primarily based in Bellevue, Washington. Founded in 2003, the firm has helped brokers and home owners successfully negotiate over 900 brief sales with a 90% accomplishment rate in closing. Washington House Options also consults with home owners on qualification for the Home Cost-effective Foreclosure Alternatives (HAFA) process and the Washington State Mortgage Foreclosure Fairness Act (FFA). Washington House Solutions negotiators are licensed Windermere Actual Estate brokers.

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For more information, go to http://www.washortsales.com

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$360 Billion of Mortgage Debt at Risk of Foreclosure Among U.S. Homeowners

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(PRWEB) June 7, 2005

With mortgage interest prices poised to rise, the U.S. economy teetering in between expansion and uncertainty, and American customer debt nonetheless raging, a lot of U.S. property owners threat foreclosure on their residence – but they don’t have to lose their slice of the American dream, says Andrew Housser, co-CEO of Freedom Economic Network.

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According to the Mortgage Bankers Association of America, 4 percent of mortgages are in delinquency in early 2005. With $ 9 trillion in outstanding U.S. mortgage debt, that areas $ 360 billion at risk of foreclosure.

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“Homeowners can make options – ideally, prior to they purchase a property, but even after difficulties arise – that will permit them to keep a home or at least reduce the harm a foreclosure could have on their futures,” stated Housser, whose business offers debt resolution solutions for individuals in severe debt hardship, particularly those who incurred debt simply because of divorce, job loss, health-related troubles or other traumatic events.

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In many states, foreclosure rates have improved lately (Source: RealtyTrac.com). Housser believes the boost stems from shoppers incurring too considerably debt – a national total of $ 2.1 trillion in revolving debt, plus a lot more than $ 9 trillion in mortgage debt, according to the Federal Reserve. Here, Housser provides ideas for preventing and avoiding foreclosure.

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1. Generate a spending budget and don’t stretch oneself also far. The unexpected can and does take place to millions of Americans every year. “For individuals who reside at the far edge of their means, one particular life occasion can hijack their lives and lead to defaults on bills and/or mortgage payments,” Housser says. The crucial is to build a detailed price range of revenue and expenditures, making positive to have some breathing space to climate an unexpected downturn.

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2. Be cautious with adjustable rate mortgages (ARMs) or interest-only loans. These varieties of loans let borrowers qualify for far more high-priced houses – but beware as rates (and payments) climb. “If you can barely afford the payment on your ARM or the interest-only mortgage, you are asking for problems in a few years,” Housser says. “Give oneself even more budget space with these loans.”

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3. Don’t jump to refinance your house to spend off credit card debt. Numerous people faced with huge unsecured debts that they are unable to pay think about refinancing their property to pay down their credit cards. The problem is that this technique only moves the debt – and puts your house at threat of foreclosure if you are unable to pay. If you are not confident that you can hold up with the larger payments on your residence loan going forward, contemplate debt resolution or another debt relief choice.

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If foreclosure is already on its way, property owners nonetheless have several possibilities, Housser says:

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1. Enter into a forbearance agreement. For a short-term hardship, lenders may grant a forbearance agreement to decrease – or eradicate – payments for a restricted time.

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2. Take into account loan modification. A loan modification seeks a permanent modify to the loan, such as lowering the payment and extending the loan’s term, or incorporating delinquent back payments (if any) into future payments.

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three. Acquire a “deed in lieu” of foreclosure. A “deed in lieu” essentially makes it possible for the borrower to return the title or deed of the house – providing the residence back – to the mortgage holder to steer clear of foreclosure.

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four. Sell the residence. Selling your home might not be best, but it is a way to keep away from foreclosure proceedings on your home and spend back your lender.

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five. Refinance the loan. It could be achievable to refinance your mortgage for a reduced interest price and/or lower month-to-month payment (this is significantly different than refinancing to take money out to spend off credit cards). Even so, if you currently have had late payments on your mortgage, the interest price supplied to you may be too higher to reduce your month-to-month payment.

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“A reputable foreclosure assistance organization, such as a debt resolution firm, can support with these possibilities,” Housser advises. “Check with the Far better Organization Bureau to make positive your chosen business is on the up-and-up.”

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Housser suggests that individuals facing foreclosure be wary of so-referred to as equity skimmers. “If your house is facing foreclosure, you will possibly get solicitations from many folks who are searching to ‘help’ you stop foreclosure by supplying to sell your house for you or by taking ownership of your residence,” Housser cautions. “In most instances, these solicitations are scams attempting to take advantage of people in tough scenarios. The perpetrators are trying to take the equity you have built up in your house appropriate out from under you.”

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Freedom Monetary Network, LLC (http://www.freedomfinancialnetwork.com) offers customer debt resolution solutions by way of its Freedom Debt Relief, Freedom Foreclosure Relief and Freedom Tax Relief divisions. Working directly for the customer, the organization negotiates straight with creditors, and offers an alternative to bankruptcy, credit counseling, and debt consolidation. Based in San Mateo, Calif., Freedom Monetary Network serves much more than three,000 customers nationwide and manages much more than $ one hundred million in consumer debt.

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Editors Note: Housser is available for interviews on subjects pertaining to foreclosure and customer debt. Make contact with Aimee Bennett, Fagan Enterprise Communications, 303-843-9840, aimee@faganbusinesscommunications.com.

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

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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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