Tag Archives: Homeowner

American Homeowner Preservation to Present at 2012 NRBA Midwest Seminar

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Chicago, IL (PRWEB) February 16, 2012

American Homeowner Preservation (AHP) Director Jorge Newbery and Nationwide Agent Coordinator Heidi Rogers will present at the National REO Brokers Association (NRBA) Midwest Seminar on February 17 at the Marriot Courtyard in Chicago, Illinois. Joining other industry leaders, AHP will educate agents to use AHPs plan to maintain families, earn fees and grow their business. AHP acquires pools of defaulted mortgage and REOs and agents facilitate borrower outreach and dispositions.

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We are excited to invite NRBAs skilled, resourceful agents to participate in AHPs system, mentioned AHP Director Newbery. We have dealt with numerous of NRBAs agents already and have discovered them to be amongst the leading performers in the business. In November, AHP launched a multi-million dollar investment fund and is utilizing their elevated sources to acquire ever-larger pools of nonperforming mortgages from banks and hedge funds. Upon acquisition, borrowers are provided loan modifications which give payment reductions averaging 40% and options to settle their mortgage principal at discounts averaging 50%. For these families who do not want to stay in their houses, money incentives are presented to borrowers to cooperate with short sales or offer deeds in lieu.

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Licensed agents initially supply CMA reports as portion of AHPs due diligence method. Once the loan is acquired, the nearby agent can then get in touch with the homeowner to review choices available. Agents are compensated for facilitating loan modifications or can earn commissions if residences are listed and sold. True estate agents are knowledgeable sources who can help borrowers in understanding their choices, said Heidi Rogers, AHPs Nationwide Agent Coordinator. AHP is intent on offering the options which borrowers want, not these which maximize income for our investors. By working hand-in-hand with neighborhood agents and our servicers, we can make choices in hours as opposed to months.

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NRBAs mission is to bring with each other the nations very best-qualified professionals in the genuine estate sector together with financial institutions, servicers, outsourcers, hedge funds, lenders, investors, developers as nicely as the individual and assist them with all aspects of default management.

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Interested agents are encouraged to discover far more about the National REO Brokers Association at http://www.nrba.com and about American Homeowner Preservation at http://www.ahphelp.com.

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The Karten Group gets Mortgage Balance of $196,414 forgiven by lender on Mountains Edge Brief Sale for Las Vegas Homeowner

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Las Vegas, Nevada (PRWEB) July 02, 2012

The Karten Group at Rothwell Gornt, Las Vegas Realtors who specialize in assisting distressed home owners, have successfully closed an additional short sale, relieving the home owners of almost $ 200,000 in damaging equity.

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Mark Karten, who negotiates with every lender personally mentioned, “This is a clear example that shows no two brief sales are alike. These property owners were relocated to California and decided to rent out their residence, hoping the market would turn around.” Karten continues, “Following 3 years of paying the distinction every single month and contemplating letting it go to foreclosure, they finally reached out to us for support.”

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“Homeowners no longer living in their house nonetheless have the chance to short sale, even if it really is tenant-occupied or vacant. Investor suggestions differ from lender to lender, so it really is essential to meet with an seasoned quick sale listing agent.”

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Karten says, “Banks prefer brief sales over foreclosures, which saves them tens of thousands in further legal costs and maintenance fees. As well a lot of distressed homeowners continue to think their property will have constructive equity in the close to future. The truth is that a quick sale is the lifesaver they’ve been waiting for – however many continue to ignore the indicators.”

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A brief sale is a complicated transaction and Karten holds many quick sale designations and certifications along with his encounter in countless short sale closings. “The peace of mind that my clients feel soon after we close on their house is a single of my greatest rewards.” says Karten, “I wish everybody would reach out and seek advice if they’re experiencing any difficulty paying their mortgage, whether or not it is for a loan modification or a short sale.”

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There’s a misconception that short selling your residence will cost you funds. At The Karten Group, there are no charges, the bank pays the cost of promoting the home and in many circumstances, pays the homeowner to assist move to their new residence.

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About The Karten Group – Began in 2007, Mark Karten heads a team of Las Vegas Realtors who specialize in representing sellers and buyers throughout Las Vegas and Henderson. Mark Karten is extremely trained to accomplish the ideal outcome for property owners. His designations and certifications incorporate Certified Distressed Home Professional (CDPE), Certified Foreclosure Alternatives Consultant (CFAC), Certified Quick Sale Skilled (CSP) and Quick Sale and Foreclosure Resource (SFR.) Even though headquartered in Las Vegas, the group serves the whole Las Vegas Valley, like North Las Vegas, Summerlin, Rhodes Ranch, Mountains Edge, Green Valley, Henderson and Lake Las Vegas.

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The Karten Group has negotiated profitable brief sales for home owners with loans from Bank of America, Wells Fargo, Citi, Chase, GMAC, Seterus, Nationstar, Suntrust and a lot of other people.

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Peak Corporate Network Entities’ Principal, Gil Priel, Lauds CA Homeowner Bill of Rights for Requiring Lender Single Point of Speak to for Distressed Borrowers

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Woodland Hills, CA (PRWEB) July 18, 2012

Gil Priel, Co-founder, Managing Director and Principal of the Peak Corporate Network entities (http://www.peakcorp.com), a top provider of complete services for Almost everything Genuine Estate, mentioned nowadays that even though the new California Homeowner Bill of Rights Law final week signed by California Governor Jerry Brown is far from best, one certain aspect of the law requiring a lender to supply to the borrower 1 point of contact for foreclosure and/or loan modification will relieve borrowers from obtaining the run-around.

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Numerous property owners in California facing foreclosure even though searching for a loan modification have been frustrated when they would be communicating with one person from their lender and all of a sudden be told that another person should be the 1 handling documents for the loan modification.

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Starting January 1, 2013, the California Homeowner Bill of Rights will: &#13

Ban “dual-tracking” (which is when banks pursued foreclosure even though the homeowner was in search of a loan modification) &#13

Need 1 lender get in touch with person per buyer &#13

Boost penalties for lender robo-signing (which automatically approves foreclosure without having any individual reading documents) &#13

Let property owners sue lenders for violations

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The American dream of homeownership has turned into a time-drain nightmare for lenders and borrowers alike thanks to what has up until now been a somewhat murky world of hopes derailed and false promises for these attempting to keep away from foreclosure and obtain a loan modification, stated Priel.

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Priel noted that even though property owners will garner higher accountability from lenders, the law doesnt address the potential for irresponsible behavior by home owners when it comes to filing frivolous lawsuits. To some degree, frivolous lawsuits will be time-wasting and resources-draining and heightened lender charges connected with difficult frivolous lawsuits will, unfortunately, probably be passed on to customers performing business with lenders, said Priel.

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As a major authority in the real estate market, The Peak Corporate Network entities give a full array of comprehensive genuine estate solutions nationwide including brokerage solutions, mortgage financing, loan servicing, escrow services, quick sales, foreclosure processing and 1031 exchange. For a lot more data, check out http://www.peakcorp.com

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The Peak Corporate Network is a brand represents a group of connected separate legal entities, every single delivering its unique set of true estate services.

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Certified Default Advocates Now in Boise! Since every single struggling Homeowner requirements an Advocate on their side!

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Boise, Idaho (PRWEB) November 26, 2012

For Quick Release

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Since of the unprecedented meltdown in the nations economy which has brought on rampant foreclosures, residence values have plummeted by as significantly as fifty % in some regions.

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According to Jennifer Sims, owner of ShortSaleByDesign.com there is nevertheless purpose for hope foreclosure need to in no way be an selection. The housing market has impacted every person, she said, and its about time that these who have been hurt the most receive a correct advocate in assisting them in a single of the most stressful instances in their lives.

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As certified default advocates, the practitioners at ShortSaleByDesign.com strive to give universal info to those in the ever altering real estate market who are struggling to find guidance and direction.

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Sims explained, We are right here to be a safe harbor for our clients in the midst of the current financial storm. Our primary aim is to bring the truth about the brief sale market and to educate Realtors, investors and servicers about everyones correct part inside a short sale transaction.

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ShortSaleByDesign.com provides a wealth of valuable details about quick sales. Presently the web site features a free e-book, Your Guide through the Brief Sale Approach. There is also in-depth data obtainable specifically for homeowners, investment house owners and true estate investors.

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In addition, sellers can list properties and possible purchasers can search via accessible properties on the web site.

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We aim to offer the highest high quality of info and services, mentioned Sims. Our clients deserve the ideal advocates. It is our privilege to serve in that capacity for them.

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For a lot more information about the short sale method or loan modifications, please pay a visit to ShortSaleByDesign.com.

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Distressed Property owners: Really feel like placing your head in the sand? Do you know about the California Homeowner Bill of Rights?

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Oakland, CA (PRWEB) February 19, 2013

Due to unfair bank practices, too a lot of Americans have been adversely impacted by the housing crisis. On January 1, 2013, the Homeowner Bill of Rights (HBOR) went into effect in California. The bill prohibits a series of inherently unfair bank practices that have needlessly forced thousands of Californians into foreclosure. A element of the bill prohibits the method identified as dual tracking, exactly where a lender forecloses on a house whilst simultaneously negotiating a loan modification or short sale in order to steer clear of foreclosure (and preserve the Property owners credit).

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Though foreclosure prices have lately decreased, these statistics are in comparison to historical higher rates of foreclosure in the final four years. Furthermore, the HBOR will likely slow the foreclosure procedure as banks move to comply to its provisions (and give Property owners a fair shot at foreclosure options). With that mentioned, there nevertheless are several distressed Homeowners out there:&#13

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1 out of each and every 810 housing units received a foreclosure notice in December 2012 (RealtyTrac)&#13

Foreclosure prices: 11.9% (Latinos), 9.8% (African Americans) five% (Whites) (Center for Responsible Lending)&#13

Approximately 23% of all Home owners are at the moment underwater (Multiple sources) &#13

The recidivism price on loan modifications going back into default is higher (A number of sources) and&#13

The unemployment rate has averaged eight.9% the final 4 years (US Department of Labor).

The California Homeowner Bill of Rights will materially alter the contours of mortgage servicing for borrowers in default. Historically, banks have struggled with compliance due to operational failure. When you use WatchThisProperty.com you no longer have to be in the dark. Utilizing this website will aid you to utilize the new rights of the HBOR in order to shield your most crucial asset, your house.&#13

Tiffany R. Norman, from TRN Law Associates.

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The HBOR includes extra protections, including: banning robo-signing, the assure of a single point of contact, and the proper to challenge your lender on their proper to foreclose. Property owners now have a tool created for them (and not investors) to bring transparency and help them handle the foreclosure method.

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“I was a victim of Dual Tracking which was a normal practice for banks. I was producing my trial payments and struggling to keep my property when I was foreclosed on. Thats why WatchThisProperty.com is such an critical tool. They will not only tell you if a bank has began foreclosure procedures but also supply info which aids you stay in your property.&#13

Jose, Homeowner, Pittsburg, CA

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WatchThisProperty.com believes Home owners must be capable to monitor the foreclosure status of their residence in an efficient and inovative way, such as permitting Home owners to monitor foreclosure and lien document filings and trustee sale info. Homeowners will be alerted electronically and will not have to rely on snail mail (or driving to the county records workplace) to discover such critical and timely info.

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About WatchThisProperty.com&#13

WatchThisProperty.com assists to preserve Property owners and Tenants in their residences with relevant and timely info. Founded in 2011, WatchThisProperty.com is comprised of a team of customer advocates, technologies, legal, and banking professionals. Much more info is accessible at WatchThisProperty.com.

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