I Short Sale, Inc. to Present at Upcoming “25 Items You Need to Know to Profit off Quick Sales and Foreclosures” Seminar

Orange, CA (PRWEB) August 10, 2008

Eli Tene and Raffi Tal, directors of I Brief Sale, Inc. (http://ishortsale.com), shall be important spokesmen at Solomon Financial’s annual seminar on August 23rd at Anaheim’s Double Tree Hotel. With over 50 years of combined expertise, the I Quick Sale team will be sharing their insider expertise on short sales, loan modifications, and investment prospects to those fortunate enough to be in attendance.

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Solomon Economic and I Brief Sale, Inc. demonstrate that in instances of distress there are amazing opportunities to be had as they explore:

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1. Foreclosures &#13

2. Short Sales &#13

three. Why a Bank Would Want to Modify Your Loan &#13

4. Queries to ask your agent when performing brief sales &#13

five. How to Select the Right Loan System &#13

6. Auction Properties &#13

7. What You Require to Know in Today’s Market &#13

eight. Buy &amp Hold Strategies in the Prime ten Appreciating True Estate Markets

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Inside the subsequent 2 years, Real Estate Gurus are saying that we could see some of the best getting opportunities much more than any other time in Real Estate History. “If you buy true estate at the right price, it doesn’t matter when you get. The fundamental rule of any investment, such as genuine estate, is to purchase low and sell high. We are just on the front end of all these foreclosures taking place!” says host Fred Solomon.

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Guests are encouraged to take benefit of free registration by visiting http://www.freemoneyhour.com/webinar6.php. The occasion will be taking spot Saturday, August 23rd, 2008 from 9:30 am to 12:30 pm followed by 1 hour of Q &amp A session. The Doubletree Hotel Anaheim/Orange County is located at one hundred The City Drive in Orange, California 92868

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The Truth About Mortgage Modifications: The Secrets They Don’t Want You To Know

Westport, CT (PRWEB) June 21, 2010

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S. Norman Nash–&#13

We all have been told that the Obama administration’s modification programs have been developed to assist the overall economy by resolving the mortgage crisis. The Massive Myth is that these programs are readily and simply accessible to everybody, and that property owners need to be delinquent in their payments to qualify. In reality, you can qualify without being delinquent. But most Americans still locate it hard to talk to lenders unless they are delinquent.

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What is the answer?

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Beneath are typical issues skilled by a lot of people, including a number of members of Congress and State Representatives when applying and speaking to lenders for themselves and their constituents.Also why Attorneys can be a far better option in negotiating with lenders for obtaining superior terms and final results.

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The public, has been told that everybody with a mortgage is entitled to go to their lender and apply for a modification and that they will support us for cost-free. The lenders have gone public on Tv stating that they are prepared and prepared to aid the public in a timely fashion. Regrettably, this is the myth.

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One of the initial question lenders asks their buyers who apply for a modification: Are you delinquent? Most will not even contemplate a modification unless the client is delinquent. They will fundamentally attempt to place their clientele in delinquent or foreclosure status initial so that they have all the leverage when negotiating. If the mortgagor is present with payments, the modification is not a priority for the lender.

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The attached Property Affordable Modification System Supplemental Directive 09-01 four/4/09 states in HAMP Eligibility on page 2:

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The mortgage loan is delinquent or default is reasonably foreseeable loans presently in foreclosure are eligible. This signifies if you have foreseeable hardship, be it a reduce in revenue or added expense, such as a new baby, you may be eligible for the modification.

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See the attached HAMP Hardship Affidavit, Fannie Mae Type 1021 August 2009 for a list of achievable hardships

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I have personally talked to many people who represented themselves in early 2010 that told me their private horror stories. Spending hours on the telephone, on hold most of the time. When they have been fortunate to talk to an individual, it was a various particular person every single time not usually obtaining access to the current files and the client had to start more than once again, wasting precious time. Then they have been unofficially told (despite the fact that no lenders will ever admit this) that they have to be delinquent just before the bank will speak to them.

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Thinking they necessary to be late these people stopped paying their mortgage for many months. Then they received a letter, starting the foreclosure procedure. It wasnt until this point that the lender would speak to them about their file. Now that the lender had them just exactly where they wanted them a ruined credit rating and foreclosure status on their mortgage, they powerful armed these unsuspecting folks into accepting what ever terms they wanted to give them.

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Did you know lenders are not needed to inform their consumers the maximum quantity that they really qualify for? They are only necessary to inform the consumer how much they are becoming subsidized. For instance if the bank suggests a $ 500 modification is obtainable, it is likely that the client has been approved for much much more, in some circumstances doubling this amount. It is the job of the mortgagor and/or their Attorney to negotiate with the lender in order to get the maximum modification they qualify for. Remember, all lenders are trying to make a profit and so the significantly less they give the much more cash they preserve.

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Some elected government officials and State Representatives are now receiving on the band wagon to help their constituents deal with these lenders.

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—US Senator Kay Hagan assisting save properties two/14/ten&#13

http://stellahopkins.blogspot.com/2010/02/us-sen-kay-hagan-helping-save-properties.html

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—Sen. Brown appears for further federal foreclosure funds for Ohio three/eight/ten&#13

http://www.bignews.biz/?id=848959&ampkeys=Senator-SherrodBrown-Foreclosure-Ohio

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—Representative Danny K. Davis (D-IL 7th) 7th-term Democrat from Illinois. &#13

Mortgage Modification with Citimortgage 1/22/10&#13

http://www.congress.org/congressorg/bio/userletter/?letter_id=4568090381 &#13
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Individuals do have the correct to negotiate, though possessing an Attorney in your corner in my opinion is often much better when negotiating. An Attorney could also be able to get rid of delinquent payments, interest and fees, thereby saving the person enormous amounts of time and cash.

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In order to process a Government Subsidized Modification, lenders are needed to use a Certified Net Present Worth Test (NPV Test) to calculate a modification. This test calculates how significantly the lenders will profit or shed if they a) modify a mortgage or b) foreclose on the property. It also figures out how significantly of a government subsidy the bank is entitled to, in addition to how considerably the lenders portion must be added to the monthly reduction (a closely guarded secret thats normally extracted from the bank only with a courts subpoena). Soon after all, this is where the lenders profit margin lies when they negotiate for the final reduction figure and this info is meticulously guarded. In turn a Failed NPV test calculates the bottom dollar figure the lender will take into account for a Quick Sale.

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To Achieve access to the Certified Net Present Value Test spreadsheets and federal information feed utilised to produce this NPV Test, one demands to be a lender or certified to do so. To become certified, stringent background, educational, and financial requirements are imposed. This means that 99% of the mortgagors/Attorneys that are applying for these modifications will in no way have upper hand when negotiating with the lenders. But, there is good news for everybody!

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Lenders take three to nine months to get this information to mortgagors, and Attorneys, File Reviews takes three-four weeks, a definite improvement.

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File Critiques has Certified staff members, hence allowing Attorneys and folks access to the identical Certified NPV spreadsheets and federal information feeds, calculating the very same NPV test that the lenders do, in advance. Showing a client their maximum reduction figure permitted, prior to they commence negotiating.

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In essence, File Critiques Eliminates the Negotiation Approach.

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All in all the process of applying for a mortgage modification is a complicated and time consuming procedure. Nonetheless with an Attorney and File Testimonials I really feel you will save far more time, get superior final results and all with significantly less headaches.

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More Loan Modification Press Releases

Tell Me Something I Dont Know Short Sale Webinar Series Sponsored By The Speare Home, LLC


Naples, FL (Vocus) July 7, 2010

When a refinance and/or loan modification fails or is not an choice on a home in Southwest Florida, a brief sale possibly an attractive foreclosure option. Potential brief sale sellers are invited to join genuine estate market professional and broker Robin Speronis as she host Inform Me Some thing I Dont Know quick sale webinar series. The free of charge on the web seminars registration can be accessed at Zen Genuine Estates internet site http://www.AskZenRealEstate.com and Luxury Way of life Houses website http://www.LuxuryLifestyleHomes.com. The webinars will by presented by a licensed Florida lender, CPA and lawyer respectively and are entitled:

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Florida Property owners On Verge of Private Economic Apocalypse and Do not Know It Free Seminar Shows How Short Sale With Deficiency Waiver Ends Foreclosure Nightmare

Sarasota &amp Manatee, FL (PRWEB) November 01, 2011

Nationally recognized genuine estate professional, John Michailidis, offers totally free seminar for FL home owners behind on mortgage payments. The unemployed, underemployed, divorced, and those who’ve seasoned recent health-related emergencies are being targeted for Foreclosure. Now, Sarasota &amp Manatee county residents can discover how to beat Foreclosure thru a “Brief Sale With Complete Deficiency Waiver” even when they owe a lot far more than the property’s worth. Ideas on how to virtually assure approval even if prior Quick Sale attempts have failed will be provided.

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Sarasota &amp Manatee county Florida home owners behind on their mortgage payments and who are either unemployed, underemployed, divorced, or who have experienced recent health-related misfortunes are being targeted.

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According to national genuine estate professional, John Michailidis, the menace is foreclosure, and by some estimates upwards of 40% of Sarasota and Manatee homeowners are vulnerable. A cost-free report outlining the dilemma can be downloaded at http://NoEquityHomeSaleReport.com.

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“Foreclosure destroys families and communities, and has literally displaced millions of American citizens,” said real estate specialist John Michailidis, GRI, CRS, JD. “The dirty small secret that bankers and politicians look to be ignoring is the truth that Foreclosure is practically one hundred% avoidable thru the use of a Brief Sale With Deficiency Waiver.”

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With congressional watchdogs testifying that the record of government loan modification applications, “has been nothing short of abysmal,” many delinquent homeowners are below the false assumption that Foreclosure is unavoidable.

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According to Mr. Michailidis, “A foreclosure most undoubtedly is avoidable and I’ve got the track-record to prove it. In practically each case we’ve taken on, we have been in a position to safe a Short Sale with Full Deficiency Waiver, which means the homeowner was able to move on with their life, totally free from mortgage debt, and with out the specter of the banks coming after them down the road.”

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Mr. Michailidis is presenting a series of cost-free, on the internet, community-outreach public seminars for Sarasota and Manatee County Florida home owners who are behind on their mortgages and worried about foreclosure. “The goal of these free seminars is to disseminate as widely as achievable information that is getting suppressed by the banks. Participants will be capable to submit queries by way of email throughout the event and obtain customized responses,” he said. Scheduling and registration details is offered at http://FloridaForeclosureEnders.com.

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Mr. Michailidis is a recognized genuine estate author and speaker, and the broker/owner of SaraMana Properties, exactly where he focuses his company on exclusively helping homeowners to keep away from foreclosure by means of Quick Sales. He is also a graduate of the Northwestern University School of Law in Chicago and is a member of the Illinois Bar. A message can be left for Mr. Michailidis at 941-548-7771, or by way of e mail at info(a)SaraManaProperties.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?


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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