Guidelines Implemented for Homeowners Facing Foreclosure


Chicago, IL (PRWEB) January 21, 2013

The Federal Savings Bank finds that homeowners who are facing forclosure can now take some of the pressure off themselves, as the Customer Monetary Protection Bureau recently announced rules that would give protection for these in worry of losing their house.

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The new rules established by the CFPB also safeguard mortgage borrowers from getting deceived by their lenders, permitting the home owners to get a fair approach when looking to avoid getting put out of their houses.

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Integrated in the protectionist restricted dual-tracking, which is when the service provider of the mortgage continues the foreclosure method whilst also functioning with the borrower to help them to avoid going through the method of losing their residence. Service providers will no longer be in a position to commence the foreclosure approach if the borrower has currently submitted a completed application for a loan modification or some other type of protection to steer clear of foreclosure.

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Another provision in the new law is notification of foreclosure options, which could give property owners the tools they require to keep in their residences. Servicers are now essential to let property owners know what steps they can make after they’ve missed two consecutive mortgage payments. A written notice is essential, like examples of the measures that could be taken as an alternative to foreclosure.&#13

For a lot of borrowers, dealing with mortgage servicers has meant unwelcome surprises and consistently acquiring the runaround, stated CFPB Director Richard Cordray. “In as well many cases, it has led to unnecessary foreclosures. Our rules make certain fair therapy for all borrowers andestablish robust protections for those struggling to save their properties.

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Added provision supplies access to details

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Yet another provision integrated in the new rules is direct and ongoing access to servicing personnel, providing home owners a better opportunity of speaking with somebody who can answer all of the questions they may possibly have. The personnel is held accountable for alerting borrowers of any missing information on their applications, informing borrowers about the status of any loss mitigation applications and generating confident documents are promptly handed to servicing personnel for processing.

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Several Americans are becoming put back to operate, as the unemployment price of 7.eight % shows. Considering far more Americans are financially steady, mortgage applications increased by 45 %, showing a lot more initial-time homebuyers are obtaining bargains on residences and taking advantage of the low prices even though they can.

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


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

(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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LoanSafeMods.com Assists Homeowners Stuck In Limbo With The REST Report

San Diego, CA (PRWEB) March 25, 2013

LoanSafeMods.com has helped connect struggling home owners to the REST Report (Actual Estate Solutions And Technologies Report) a third celebration analytics tools that can support individuals to far better comprehend their foreclosure alternative options and which can also be used to organize info submitted to the lending institute to help speed approval of a requested modification to the terms of the mortgage.

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Thousands of folks have benefited from utilizing this Report. Many of these people had tried to apply for loan modifications on their personal, but had small achievement due to a lack of understanding about how the bank performs and how their application and mortgage info is viewed. Nonetheless, even modification applications that have been stuck in limbo for years have ultimately been approved following submitting the findings of a REST Report to the bank or lending institute.

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A new video review on the LoanSafeMods.com YouTube channel tells the story of four men and women whose modification requests were ultimately granted thanks to the REST Report.

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Ron, who lives in San Diego with his two children and works as an EMT supervisor, attempted for several years to get his modification granted.

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Crystal, also from San Diego, lost a job and her fianc

Cody Sperber’s DO IT Your self LOAN MODIFICATION eBook Is Helping Homeowners Reduce Their Monthly Payment And Avoid Foreclosure

Phoenix, AZ (PRWEB) November 23, 2008

There are lots of loan modification folks out there these days. Frankly it seems like many of them just moved from sub prime lending to loan modification but Cody Sperber’s Do It Your self Loan Modification eBook shows that Cody and the folks at ForeclosureCounseling.com know what they are talking about. Although some books just gloss more than the things a homeowner wants to do, Cody’s DIY Loan Modication ebook gives you smart insight on factors to ask for when negotiating your own loan modification.

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In its simplest type, a Loan Modification is a way to renegotiate a homeowners current mortgage and month-to-month payments allowing them to steer clear of foreclosure and preserve their credit. A lot of elements of their mortgage can be changed to their advantage, which includes the term of the loan, interest rate, balance of principle, and month-to-month payments. It really is even feasible to have late charges waived. There are numerous opportunities opened via a Loan Modification and every single residence owner’s circumstance is special. A huge number of property owners will use a Loan Modification to stop foreclosure on their property. For any individual who is unable to make their month-to-month payments, or is in danger of becoming buried under a past-due balance, a Loan Modification is the perfect options to stopping foreclosure and maintaining their residence!

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“When you’re attempting to do a loan modification yourself the one thing you do not have is time to figure out how to do it on your personal. When your property is facing foreclosure is not the time to find out items on the job”, says Sperber. A residence owner requirements to make sure that their effort they put in is directed at reaching their ultimate purpose – saving their home – and with Cody’s Do It Your self Loan Modification ebook you are nicely on your way.

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Wasted power, frustration and burn out are all symptoms of attempting to get a loan modification. For a few bucks a homeowner can elimate the wasted power element of the equation and find out how to deal with the frustration and dead ends that often pop-up for the duration of the method.

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Inside Cody Sperber’s Do It Your self Loan Modification Kit you will locate:&#13

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The loan modification proposal package types and documents &#13
The incorporated expense and revenue worksheets &#13
The ideas for dealing with the loan modification method and loss mitigation division employees &#13
The details on where to start and what to ask for.

“Do not be fooled that your lender(s) are just going to give you a loan modification that is in your best interest! Take the time to educate your self on what a Loan Modification is, how to create a comprehensive loan modification proposal, and how to negotiate with your banks house retention division.” Cody Sperber has been assisting home owners steer clear of foreclosure for over five years and specializes in Loan Modifications and Short Sales in Arizona. He owns http://www.ForeclosureCounseling.com, http://www.SellQuickForCash.com, and http://www.CodySperber.com.

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For Far more Details Call 602-626-3598.

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LoanSafeMods.com: REST Report Sought By Homeowners Applying For HAMP Modifications Before Applications Cut Off Date

San Diego, CA (PRWEB) April 05, 2013

The REST Report may be property owners last opportunity to avail of the HAMP programs prior to their reduce off date at the finish of this year. The HAMP (House Cost-effective Modification System) was originally set to expire on December 31st 2012 but this date has now been extended till December 31st 2013. This extension offers home owners who have not but been in a position to get their HAMP modifications approved an chance to send in their applications again with the assistance of the REST Report.

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The REST Report (Actual Estate Solutions And Technology Report) is a third party analytics tool that not only shows homeowners what modification applications are accessible given their particular economic circumstance, but simply because the report is respected by lending institutions as nicely, a Report that shows a qualifying outcome can frequently help to speed the approval of modification request even if approval had previously been delayed for one purpose or one more.

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Although processing delays have offered borrowers time to negotiate loan workouts, large lenders frequently shed documents and ask borrowers to resubmit them repeatedly. Says Alan White, a professor who teaches consumer law at the City University of New York, stated in a current post on Bloomberg.

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These constant delays typically lead homeowners to give up on obtaining their modifications authorized, even if they know they should qualify for them. As an alternative they are settling on a short sales or even foreclosure, as this seems like their only choice. As a licensee of the REST Report, LoanSafeMods.com has helped numerous property owners who had been in conditions where their requests for HAMP or other modification programs had been stalled to finally get their applications approved and avail of the modifications that helped them to save their homes. A new video on LoanSafeMods.com shows a few examples of the REST in action.

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Ron, an EMT and single father from San Diego, was ultimately capable to get his HAMP modification authorized after years of struggling to save his home. The mortgage modification lowered his principle by much more than $ 350,000 and reduce his month-to-month payments practically in half.

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Linda, a single mother who lives in Oceanside with her small girl, also struggled for much more than two years to get a modification. Soon after finding the REST, she was finally in a position to see what she certified for and got approved for a modification inside a few months which lowered her month-to-month payments from $ 3,000 to $ two,100.

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Crystal, yet another homeowner from San Diego, also struggled for numerous months with her mortgage modification request.Her bank was moving swiftly to foreclose her house and she was living in worry that shed be on the streets at any time. Nonetheless, following discovering LoanSafeMods.com and the REST Report she was in a position to turn her circumstance about. Her approved modification lowered her monthly payments from $ 1,700 to just $ 728.

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These are just a handful of of the good results stories from LoanSafeMods.com. For far more data on how the REST method can help assist in HAMP and other loan modification program applications, and for more REST critiques from those who have employed REST services, click right here.

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LoanSafeMods.com: REST Report Video Critiques Assist Homeowners Determine If the REST Is The Right Decision For Them

San Diego, CA (PRWEB) April 08, 2013

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

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

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

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

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

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

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

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

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

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The McCann Law Group, LLP dba Consumer Lawyer Solutions Delivers Client Agreement Review to Aid Homeowners Stay away from Foreclosure Defense Scams

Jacksonville, Florida (PRWEB) April 08, 2013

The McCann Law Group, LLP dba Customer Attorney Solutions aids homeowners stay away from foreclosure scams by providing a client agreement review from an lawyer for property owners enlisting the help of a foreclosure defense firm. Customer Lawyer Services strives to reduce deceptive practices amongst foreclosure defense businesses with their free of charge client agreement review in order to supply property owners with an opportunity at obtaining mortgage resolutions.

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Customer Lawyer Solutions believes it is unfortunate that some organizations try to prey on homeowners simply attempting to save their properties from foreclosure. Some businesses guarantee relief from foreclosure at a important economic expense even though initiating no actual work to increase a home owners scenario.

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Melissa Canone with KATC.com described a single such foreclosure scam in her March 2013 write-up in saying, Scam artists offer you to act as intermediaries among property owners and lenders and to negotiate repayment plans or loan modifications. In reality, they may pocket your money…

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Customer Lawyer Services agrees with Canones guidance on techniques to steer clear of foreclosure scams, Do not sign more than your deed without having consulting a trusted professional By no means agree to a title transfer before contemplating tips from your lawyer, economic adviser, credit counselor, or another independent individual you can trust.

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Customer Attorney Services assists property owners decrease the likelihood of becoming taken advantage of by a foreclosure defense scam by offering a client agreement overview on any client agreements necessary by foreclosure defense firms. Consumer Lawyer Solutions will execute the client agreement overview at no charge. You can request a Customer Attorney Services free client agreement review on Customer Lawyer Services internet site.

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By Consumer Lawyer Services supplying this no-cost client agreement evaluation service, Consumer Lawyer Solutions believes their client agreement overview can help set a truth and transparency trend. If more law firms followed suit, presented a cost-free client agreement overview across the US, property owners about the country could know with higher confidence if their funds is getting properly spent.

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Consumer Attorney Solutions is a complete service customer advocacy law firm headquartered in Jacksonville, Florida. Customer Lawyer Solutions helps families with foreclosure defense. Consumer Lawyer Services works on debt settlement. Customer Attorney Services also operates with bankruptcy law.

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Consumer Attorney Services hopes its commitment to helping homeowners with a client agreement overview service will help much more homeowners stay away from foreclosure scams. Customer Lawyer Services encourages a lot more law firms to provide client agreement critiques, and property owners to request a client agreement evaluation.

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Go to Customer Lawyer Solutions for much more details about the Consumer Attorney Solutions client agreement assessment. Request a client agreement evaluation on the client agreement evaluation page.

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LoanSafeMods.com: REST Report Testimonials Give Hope To Struggling Homeowners

San Diego, CA (PRWEB) April 09, 2013

As a licensee of the REST Report, LoanSafemods.com has been helping struggling homeowners to comprehend how the third celebration analytics tool performs and helping them to utilize it to locate the best foreclosure options to save their homes. The REST (True Estate Solutions and Technologies Report) has helped thousands of families to locate out what their possibilities are so that they can fight to save their houses or locate the ideal option if this really is not feasible.

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1 of the approaches the LoanSafeMods group has decided to show homeowners on the verge of foreclosure what the REST is capable of is by routinely posting video testimonials from other homeowners who have used the REST. A quantity of these REST Report video reviews can be discovered on the main site as nicely as on the companys YouTube channel.

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Those who are not positive if the REST Report can help in their predicament may well be surprised to see what some of the property owners in the testimonial videos went through ahead of they ultimately identified the REST Report. A lot of of the homeowners featured in the assessment videos had been quite close to losing their homes and had been attempting to apply for mortgage modifications from their lenders without having any accomplishment for months or even for years in some cases.

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For instance Ron, a single father of two who lives in San Diego and functions as an EMT and who is featured in one of the assessment videos, was struggling to get his HAMP modification request authorized with his bank for numerous years. He explains how frustrated he was when the bank kept telling him that he necessary to resubmit paperwork. He says in his REST evaluation: Every time I would jump via one hoop for them they would toss up two far more!

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Ron even tried to get support from a handful of other firms that promised him that they could get his loan modified. Instead they asked him to pay up front and when they have been unable to make good on their promise, Ron lost that cash. Right after 3 years of frustration, Ron was prepared to give up. He was tired of living in fear and uncertainty.

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He says in his video review: “What scared me the most about every little thing was, everyday, not realizing if somebody was going to come knocking at my door telling me to get my stuff out. It was just me and my kids. We had no where else to go.”

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Fortunately Ron identified the REST Report via LoanSafeMods.com. Within a few months of running the report and sending in the analysis with his modification request, his application was approved and Ron was able to rest less difficult being aware of that he would not be out on the streets with his little ones. The modification authorized helped him keep his home by cutting his month-to-month payments nearly in half and also lowering his principle by practically $ 360,000.

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But as fantastic as Rons story is and as unbelievable as it could be to some individuals, it is not at all exclusive. Thousands of homeowners who had lost hope of ever saving their properties have been capable to to do just that with the help of the REST Report. For more information on how the report operates and to view the evaluation videos, go to LoanSafeMods.com.

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LoanSafeMods Team Helps Assist Homeowners In Utilizing The REST Report To Steer clear of Foreclosure

San Diego, CA (PRWEB) April 13, 2013

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

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

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

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

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

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

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

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

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