Santa Ana, CA (PRWEB) December 1, 2010

As the housing crisis deepens, correct relief for homeowners is scarce. A Non Profit Law Clinic with supporters and volunteers that variety from law students, 38 year multi state licensed Mortgage and Real Estate Contract Litigators, Actual Estate/Mortgage Pros to massive Investment Firms has launched a breakthrough method, effectively permitting for a substantial “principal reduction” – one thing unheard of in the Monetary Business till now, by enabling person property owners to participate in a very frequent banking practice.

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Consumer Protection Assistance Coalition (CPAC), an established Non Profit Organization with Federal Government recognition as a 501 c3 Tax deductable organization with a present presence in Washington DC, Arizona, California, Colorado and New York is taking a extremely unique but effective approach to support all families specially these with kids and the elderly facing homelessness due to wrongful or illegal Bank Practices which includes wrongful foreclosure. 1 of CPACs Directors, James Curtis Esq, a practicing Lawyer for almost 25 years and 10 year veteran as lead criminal prosecutor in the Assistant District Attorneys Workplace has attracted a lot of supporters and alliances for their lead to.

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In our struggles to aid families that the lenders have seemed to toss aside out of greed and in most cases very questionable if not illegal actions perpetrated by the exact same lenders our Tax (TARP) Payer Billions went to, we have seemed to have attracted some quite innovative supporters that now let us to supply a true Restructured Mortgage system by making use of the same program these exact same lenders have been utilizing for decades, buying and selling Mortgage Notes back and forth to each and every other, only they never ever permitted the homeowner to advantage from, till now, we get in touch with it Consumer Property Reasonably priced Restructured Mortgage program or just CHARM for short. states Mr. Curtis.

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Mr. Curtis continues In todays Banking atmosphere, Note Holders of House Mortgages are trading, buying and selling both Non Performing as well as Performing Mortgage Notes like a Monopoly game, only with genuine peoples lives that they dont appear to care about. Our strategy is quite simple, however really successful. We assist the consumer with every aspect and level of aggressiveness in approaching their lender to enable a extended term sustainable option to foreclosure. We use numerous different approaches, some quite subtle and non threatening to very aggressive approaches which includes but not restricted to State and or Federal Law suits filed against the Lender and the actual Note Holder for really frequently located errors, blunders, violations or misrepresentations in the loan itself that could make that loan legally unenforceable let alone un-foreclosable.

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According to Mr. Curtis statement, Every 1 knows the lenders have no intention in voluntarily helping the homeowner, not if it causes the lender any variety of loss. Thats why the current failure rate on voluntary lender loan modifications has been reported greater than 99%. I study some where that out of 650k families that finally received a Trail Program, with a guarantee to get permanently modified, only 2000 families received a permanent loan modification. Most of those re-defaulted and were only brief term price reductions that will place the property owner back in the exact same or worse spot in the near future. Mr Curtis continues Sadly the home owners now have really handful of actual alternatives other than what their lenders want them to do, either selling their property, being forced to accept a meaningless temporary interest rate reduction, experiencing foreclosure or discovering a far more aggressive offensive strategy based on the lenders quick comings, thats where we come in. As opposed to other than Non Profit entities paid by, sponsored by or supported by the banks them selves, like wolves in sheeps clothes guarding the hen home. We operate against the bank and only for the Consumer employing Customer Protective Laws and the United States Court Method.

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According to Mr. James Curtis Esq CPAC gives all customers numerous entirely totally free, no charge solutions and goods that numerous buyers benefit from every day, simply because we have a really high level of Banking Pros with in our organization, we actually get a excellent percentage of our clients meaningful and sustainable restructured mortgages with out getting to resort to more aggressive methods, and thats our objective 100% of the time. But in the event that the customer wishes or is forced to by their lender, we put on our boxing gloves and kick them between the legs.

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Mr. Curtis continues If that doesnt get our customer a settlement that they can truly afford, then we are prepared to go the full 12 rounds, but we slide a brick in each and every glove for leverage. Whack the Bank as soon as upside the head then supply them a additional strength Tylenol and a pillow. We have attracted a handful of very intriguing supporters that are investment firms, one is publically traded and other individuals have pledged up to $ 78 million in revolving credit lines and are prepared to buy the Non performing Mortgage Notes or in some circumstances buy the residences from the foreclosing bank and resell the same residence back to the homeowner, home owners and their relatives for close to todays marketplace worth.

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1 firm has agreed to do the same and in fact lease back the residence to the homeowner that was getting foreclosed on and give that homeowner a Purchase Alternative Agreement that will give the homeowner the opportunity to address any financial as effectively as credit issues. We are in fact actively creating great advances in aligning ourselves with a Private Banking institution that will in fact give a new loan to the homeowner even though they are in foreclosure, no other Non Profit or For Profit Organization that I know of can say that. He continues, Our Coalition has many productive instances that resulted in the homeowner that was receiving foreclosed on not obtaining any voluntarily help from their lender either bought their exact same house back for market place worth thru our investment partners or are nevertheless living in the exact same property paying a considerably decrease month-to-month payment, in some instances significantly less a third of what their prior payment was with the very first right of refusal to obtain back their property for close to todays marketplace worth, in a specific case that meant $ 250k less, half of that was previously owed on the very same home to the foreclosing lender with a faulty mortgage loan contract.

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CPAC gives any consumer cost-free consultation, free lender fraud and violation evaluation, totally free permanent principal reduction plan pre-qualification, cost-free loan modification package that is lender certain with net primarily based paperless document upload, storage and instant recall delivery with password protected access for the homeowner or any a single the homeowner wishes to have viewing access to what is now usually getting lost by lenders. CPAC also provides cost-free House Affordable Modification Plan (CHAMP) extended term result assessment and cost-free explanation of customer protective laws, solutions and products that are offered to educate and prepare every customer to make the decision thats correct for them. Some factor your lender and your lenders paid affiliates, such as most Non Profit companys wont do. CPAC will even offer shoppers a cost-free explanation of non legal alternatives that will only aid the customer not the lender then refer or introduce the pre-certified consumer to a vetted skilled specialist to properly execute that option. Why do they do all this for free, effectively they do it hoping that their free of charge services, tips and items do the trick, but in the occasion that a consumer requirements a far more aggressive strategy CPAC desires the shoppers to understand and be aware of other very reasonably priced customer protective legal goods and solutions CPACs Staff Attorneys or Of Council hopefully will assist with, which includes but not limited to Class Action Lender Law Suits seeking Quiet Title, thats a paid off cost-free and clear residence due to lender Fraud, violations, misrepr

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