Austin, Texas (Vocus) December eight, 2009
In assistance of the Austin community and its aim to give real options to property owners nationwide, the Distressed Property Institute, LLC announced these days its partnership with Austin Habitat for Humanity and assistance of an Austin Habitat home build. The Institute trains genuine estate experts in the tools and solutions offered to homeowners facing foreclosure, such as quick sales, and confers the Certified Distressed Home Expert




Peoria, IL (Vocus) March 11, 2010

MEDIA ALERT

WHAT:
Washington, DC (PRWEB) October 18, 2010
Details about individual foreclosures is publicly offered, with any person able to access info such as the owner’s name and address, and in some states, other sensitive information. This signifies that homeowners in foreclosure can become the target of mortgage loan scammers who seek to take advantage of their predicament. The Homeownership Preservation Foundation (HPF), which gives data and financial education to guide customers toward the path of sustainable homeownership, is alerting homeowners to resources that will aid them keep away from getting victimized by unscrupulous firms conducting mortgage loan modification and foreclosure rescue scams. The Homeowner’s HOPE Hotline, 1-888-995-HOPE, is a central point of speak to for homeowners who believe they may be a victim of a scam.

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

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

HPF has formed a coalition with NeighborWorks America, HUD, Fannie Mae, Freddie Mac, and the Lawyers Committee for Civil Rights Below Law to curb foreclosure rescue scams. The Homeowner’s HOPE Hotline has a devoted team trained specifically to take information on reported foreclosure scams and perform with home owners to address any monetary concerns. This information is employed by local, state, and federal agencies to shut down unscrupulous organizations. 
The U.S. Government Accountability Office released a report in July 2010 entitled “Residence Ownership Preservation,” which warns: “The existing foreclosure crisis has offered persons who could perpetrate mortgage foreclosure rescue and loan modification schemes with unprecedented possibilities to profit from home owners desperate to save their houses.”

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

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

1.
Eden Prairie, Minnesota (PRWEB) June 04, 2012
Each year the National Homeownership Month has a special theme. This years theme is Now is the Time. With historic low or close to record low mortgage interest prices and residence rates, the theme heralds good news for true estate buyers.

For far more than 60 years, USDA has helped rural residents comprehend their homeownership dreams via assured (by lender partners) and direct loans. Tom Vilsack, Agriculture Secretary, announced Might 23, 2012 that the U.S. Department of Agriculture has created substantial, year-more than-year gains in expanding credit possibilities for farmers and ranchers even in beneath our tight credit conditions across the United States. The improve in farm and operating loans has helped boost farmer and rancher productivity, launched new start-up operations, and produced positive agricultural possibilities open up for several more Americans.

Rural Improvement encompasses a robust and active portfolio of over $ 165 billion in loans and loan guarantees. These programs are created to improve the financial stability of rural communities, farmers, ranchers, businesses, and residents with the intent of enhancing and sustaining the high quality of life in rural locations. Read the full Possibilities Accessible For Homeowners to Safe Lower Mortgage Prices press release at the Division of Agriculture news area.

Vilsack highlighted reports that in the fiscal year of 2011, approximately 17 percent of Single Family members Housing homeownership and repair opportunities have been granted to folks and households that identified themselves as members of minority groups. Over 25,500 of the property loans or property improvement grants or loans obligated (created) by USDA went to home owners classified inside one particular of our numerous minority groups. Finance for vital improvements needed to make their homes decent, protected, and sanitary are obtainable.

Having an active portfolio of far more than $ 165 billion in loans and loan guarantees, USDA assists thousands of limited-income families every single year as they purchase or repair properties. USDA, through its Rural Improvement mission region, administers and manages housing, enterprise and community infrastructure and facility programs via a national network of state and neighborhood offices. The program aids home owners seeking to refinance as nicely to get a home. A 19-state pilot program for home owners to get decrease month-to-month mortgage payments was announced June 1. This refinance program is accessible to rural residents with property loan mortgages issued or backed by the USDA Rural Development.

The concentrate is on offering cost-effective and steady lending products for initial-time homebuyers in certain. Hopes are that by lowering payments for qualifying home owners, the program will help boost the economy. In current years, several restricted-income families have proudly gained sustainable homeownership status.

Communities across the U.S. designate June for holding events and activities to note our government’s accomplishments in providing homeownership opportunities for rural residential actual estate communities. Local and USDA officials take time to travel and speak on the rewards of homeownership, sharing information on ways families can turn into property owners or refinance their residences to obtain reduced monthly mortgage payments. Residence loan modifications have helped numerous home owners steer clear of foreclosure and stay in their residences by gaining reduced interest rates. Our government continues to conduct comprehensive real estate research and analysis of inexpensive homeownership applications to efficiently approaches approaches to enhance the availability of reasonably priced housing opportunities in undeserved regions.

The U.S. continued endeavors to assist middle-class families, generate jobs and strengthen the economy have created a considerable distinction in numerous rural communities. Loan partners offer loans that save home owners time and funds and help make certain that hardworking, creditworthy borrowers are capable to defend their genuine estate investment and stay in their properties. One particular news worthy story tell how Theresa Jetland of Ilwaco, Wash., was capable to qualify for purchasing a house right after completing a local plan made to help low-and moderate-earnings households. Jetland was able to buy a residence guaranteed by USDA Rural Improvement by means of payment assistance from the Longview Housing Authority.

Rural Housing Assure Loan applicants may have an income of up to 115% of the median earnings for their nearby region. Families need to be without sufficient housing, but be able to afford the mortgage payments, like taxes and insurance coverage. Furthermore, applicants must be in a position to show affordable credit histories. Florida, Maryland, Michigan, New Jersey, North Carolina, and Texas are among the 19 states with pilot programs ready to roll out.

If you or an individual you know could benefit by being better informed about credit possibilities and the National Homeownership Month, make contact with Residence Destination to learn much more. We uncover answers to all your questions and special wants to assist genuine estate buyers.





Connected Loan Modification Press Releases
Lighthouse Point, FL (PRWEB) January 25, 2012
Debt Management Credit Counseling Corp, a nonprofit charitable organization (DMCC), announced nowadays that it has been approved as an adopter of the National Market Standards for Homeownership Education and Counseling (NISHEC). As the economic downturn persists, a lot of homeowners are dealing with lowered incomes and declining house values. They struggle to steer clear of foreclosure, but navigating the system can be very difficult. Housing counseling agencies can aid, but its difficult for customers to know which organizations they can trust. The NISHEC can assist make that choice less difficult. NISHEC recognizes DMCC as an authorized adopter of these standards and holds DMCC to a high normal of excellence, ensuring that customers are provided the most consistent and crucial info, advice and guidance.

Foreclosure intervention counselors have to have precise, up-to-date knowledge of the mortgage landscape, stated Jeremy Montanti, Quality Manager at DMCC. We have hugely educated nonprofit counselors who perform one particular-on-one particular with homeowners in the community to aid communicate with their lenders and decide the suitable answer.

The National Market Standards had been created by the Advisory Council for the National Sector Requirements for Homeownership Education and Counseling. The Advisory Council is comprised of major housing market representatives such as HUD, working collectively to offer a way for counseling organizations to demonstrate accountability and commitment an method identified as Homeownership Completed Right. According to a 2010 study by the Urban Institute, the odds of curing a foreclosure, and potentially avoiding losing a home, are 1.7 occasions higher for a homeowner who performs with a counselor who adheres to the National Industry Requirements than for a homeowner who doesnt receive such counseling.

DMCC provides foreclosure intervention for customers suffering from monetary hardship and possessing a challenging time repaying their property mortgage. This program has been developed to recognize obtainable solutions for customers to steer clear of foreclosure which meet their individual objectives, and help buyers with getting a loan modification if it is a advised resolution. Consumers who have already received a notice with Date of Sale are advised to seek legal counsel for assistance. DMCC also provides debt management plans to customers needing help with the repayment of their credit card debt.

To understand more about the National Business Requirements for Homeownership Education and Counseling, visit http://www.homeownershipstandards.com.

About Debt Management Credit Counseling Corp.

DMCC is a nonprofit 501(c)(three) public charity committed to educating customers on financial concerns and providing private assistance to consumers overextended with debt. Education is provided free of charge to consumers via seminars, workshops, a proprietary financial literacy system, and a vast array of on the web and printed components. Cost-free individual counseling is provided to shoppers to identify the best possibilities for the repayment of their debt. Shoppers interested in speaking with a DMCC certified credit counselor could get in touch with (866) 618-3328 or request assist at dmcconline.org. DMCC is a HUD Authorized Housing Counseling Agency, is approved by the U.S. Trustee to provide bankruptcy counseling and education, and has an A+ rating with the Much better Organization Bureau.

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Discover Far more Loan Modification Services Press Releases
Minneapolis, MN (PRWEB) October 12, 2012
Residence builders and construction contractors are joining with each other with neighborhood advocates, Realtors, regional Chambers of Commerce, politicians, faith groups and other individuals to bring a powerful voice to the significance of homeownership as we head into an additional election. Yesterday the CenterStage in Richmond hosted a rally sponsored by the National Association of Homebuilders and the Property Developing Association of Richmond.

“To meet the demand for housing, the property developing business is dependent on an efficiently operating housing finance program that gives sufficient and reliable credit to property buyers and homeowners who which to renovate their homes. Home builders have been outpacing other industries in contributing their share to help the housing recovery and need to have help from Washington to continue to do so,” expressed Butch Sprenger, owner of Destiny Residences.

On September 17, NAR President Moe Veissi wrote to Federal Reserve Chairman Ben Bernanke in a letter. Veissi urged Bernanke expressing concern on three essential rule proposals, which individually or undoubtedly collectively, have the potential to tighten lending situations. The proposals are the Certified Mortgage (QM), the Certified Residential Mortgage (QRM), and the Basel III capital standards. NAR’s letter may possibly have helped prompt some response from our presidential candidates, as we saw in last Wednesday’s debate.

Residence builders and Americans want to know what candidates will do if elected and how they would deal with the effects of these rules when implemented to protect responsible citizens’ capacity to acquire or create and personal a property. Zillow complied comments from each candidates on housing and associated subjects into a handy document that is attached to aid voters obtain an understanding of their positions.

According to the Wall Street Journal a fast summary, President Obama and Gov. Mitt Romney’s policy prescriptions both support housing. 1 apparent distinction centers on financial regulation and rule proposals. The president has pushed via the Dodd-Frank financial regulations, which consists of powerful government involvement and protective measures for homebuyers. Romney states he will reshape some of those regulations to encourage private sector mortgages and reduce government involvement.

Destiny Properties says “Americans want clearer answers on housing guidelines and suggests”:

1) Plans to extend the Mortgage Relief Act which is set to expire at the finish of the year. This Act relieves distressed property owners from having to pay federal taxes on the quantity of debt that was forgiven in a refinance or loan modification, short sale, or foreclosure. Extending or modifying it into a replacement plan would assist stabilize the several households that have fallen into this category and help them have a much better chance to recover.

2) Bush Tax Cuts, known as the Tax Relief, Unemployment Insurance coverage Reauthorization, and Job Creation Act of 2010, include provisions that reduce the tax rate on capital gains to a maximum of 15%. Due to expire, what plans will protect individuals who personal investment home and will the capital gains tax will enhance? Property owners in the lowest two earnings tax brackets of ten or 15 percent, now have extended-term gains tax free. That will modify if the tax cuts expire.

3) The Mortgage Interest Deduction has been a part of the federal tax code given that 1913 and has helped a lot of American gain their dream of owning a house. Would our government continue this or have a much better replacement incentive?

Homeownership is a core American value that strengthens communities and contributes to a thriving nation, mentioned NAHB Chairman Rutenberg.

Destiny Residences, a member of the NAHB, encourages participation in next Wednesday’s Building Forecast Seminar. Regardless of who wins the presidential election, it will be crucial to pull together and help the American dream of owning our own homes.

Destiny Houses supports Hope International and is a builder in the Homes for Hope Program. Butch and Liz Sprenger, co-owners of Destiny Houses have lent their broad experience to assist initiate Property Smart, served on the State of Minnesota IRC Committee, and are active politically in encouraging citizens to get out and vote.

Twin Cities region residents prepared to invest in their home either via a main home renovation or luxury new home create could attain either Butch or Liz by calling 952-934-5706.





Houston, TX (PRWEB) November 13, 2012
The National Association of Genuine Estate Brokers, Inc. (NAREB), will host the Final of several analysis and policy sessions focused on The State of Housing in Black America (SHIBA). NAREB will be issuing their Public Policy update on housing in the African American neighborhood and will host a forum to present business lead Solutions on Friday, November 16, 2012, 1:303:30 p.m., on the historic campus of Texas Southern University (TSU) in the Auditorium of the Roderick E. Paige Education Building, (3100 Cleburne Street), in Houston.

As opposed to the Concerns Forums previously held in New Orleans, Atlanta, Washington, DC and Cleveland, the Forum in Houston will concentrate on the findings and solutions that have been developed in consultation with market authorities, and nearby and national political and community leaders such as: Maurice Jourdain-Earl (Compliance Tech), Dr. LaVaughn (Federal Reserve, Dr. Benjamin Chavis (Co-Founder, HSAN), Rev. Dr. Otis Moss Jr. (Retired Pastor of the Olivet Institutional Baptist Church of Cleveland Ohio Congressman Elijah E. Cummings (MD-11th District) Congressional Delegate Eleanor Holmes Norton, (DC) and United States Senator Sherrod Brown (OH).

At the Houston Solutions Forum, NAREB will present its 2012 Post-Recession Housing Recovery Policy Paper which will concentrate on many subjects that are at the moment impacting, and will continue to impact, minority communities across the country such as Foreclosure Mitigation, Neighborhood Blight, and Disaster Recovery.

According to Housing Predictor (2012), ten million property owners will encounter foreclosure by way of 2012. And CoreLogic (2012) reports that there are 1.four million residences at the moment in the foreclosure inventory. A study by the Mortgage Bankers Association indicates that about three.25 million borrowers are delinquent on their loans and in danger of losing their houses. For mortgages produced among 2004 and 2008, around one quarter of all Latino and African-American borrowers lost their homes to foreclosure.

The nation is faced with a continuing crisis and proposed options have therefore far met with limited accomplishment, says NAREB President, Julius Cartwright. For instance, much more than 1 million of the two.four million loan modifications completed from 2008 to 2011 have ended up back in delinquency or foreclosure.

Hence, the Houston SHIBA Solutions Forum will highlight the Report of our Findings. The solutions will concentrate on preservation of homeownership, as well as the creation of sustainable homeownership for men and women and families trying to attain that dream. Not only has an amazing amount of wealth been lost as a result of the mortgage crisis, but it is not being rebuilt due to lack of access, says Cartwright. NAREB feels that this need to be discussed and addressed, and hence, the goal of this Forum and Report.

There are a lot of things that have occurred in the African American neighborhood and other communities of color relating to the housing crisis that many individuals are not aware of, Cartwright continued. Thats why we are anxious to share all of our investigation and have a productive dialogue with the public, so that individuals will understand the ongoing impact in African American communities and in other ethnic minority communities, across the nation.

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The National Association of True Estate Brokers (NAREB) was formed in 1947 by African American actual estate pros out of a need to have to secure the right to equal housing opportunities, regardless of race, creed or colour. NAREB has a vast network of sector professionals which includes: Realtists, brokers, sales agents, appraisers, mortgage brokers, and loan officers, as effectively as practical authorities in pre- and post- counseling, loss mitigation, foreclosure, property management, housing building, and improvement. For more than 60 years, NAREB has participated in meaningful legal challenges and has supported legislative initiatives that ensure the availability of fair and inexpensive housing for all Americans. NAREB is the oldest minority true estate trade association in America.