Mortgage Complaint Center Warns about 2011 US Genuine Estate Values Says Now is the Time to Refinance & Warns of Foreclosure Scam Artists


(Vocus/PRWEB) December 07, 2010

The National Mortgage Complaint Center says, “because we anticipate 2011 to be one more train wreck, with respect to US residential true estate valuations, due in big component to up to a million plus US foreclosures becoming dumped-now may be the last time for home owners with equity, and good credit to refinance just before their house goes underwater as well, or interest prices go up.” The group is vigorously warning against employing mortgage services marketing on Tv, about letting bankers kill each and every other for the ideal rates, or offers of five% or much more for high top quality borrowers. If a homeowner wants the see what the ideal prices are, merely contact American Interbanc at 1-800-724-0004, or verify with Bank of America. The present best residential true estate mortgage prices are about four.25% at this moment. The group says, “you would of believed the worst of the predatory mortgage lenders would have been gone soon after the US mortgage meltdown, but some are back. If you have equity in your property, and if your credit score is above 740, you will get the ideal prices, and charges from American Interbanc, or Bank of America. If you are hunting to do a FHA, or VA mortgage we advise the James B Nutter Organization.” http://NationalMortgageComplaintCenter.Com

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Mortgage Foreclosure Scam Artists: The National Mortgage Complaint Center says, “we do not comprehend how, or why the United States Division of Justice has not shut down the key-mortgage foreclosure support, or relief-scam artists? These kinds of businesses are entirely ripping off home owners, with promises of a loan modification, the buyers are then foolishly providing these organizations thousands up front-and that is the final they hear from the organization.” The group says, “here is the reality-if you have not produced your mortgage payment for one particular, or two years-you are going to drop your home. As far as we are concerned the Obama, or Pelosi homeowner salvation programs have been a gigantic waste of taxpayer income, and we require to get back to the actual globe. If you don’t make your mortgage payments, you will drop your home to foreclosure.” They say, “if you are trying to shield your property, and if you consider you have valid proof about lender misconduct, seek advice from your nearby Legal Bar Association to see what attorneys do mortgage modification work, and or bankruptcies in your location.” http://NationalMortgageComplaintCenter.Com

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The US Residential Real Estate Outlook Gets Worse: The National Mortgage Complaint Center says, “ever hear of toxic Chinese drywall? The nation requirements to prepare for this worsening disaster. One of our affiliated groups has now formally referred to as for a moratorium on US banks reselling toxic Chinese drywall foreclosures in Florida, Alabama, Mississippi, Louisiana, Virginia, and Southeast Texas, until the Fed’s come up with a affordable, and secure way to repair these properties-if not they will need to have to be bulldozed.” Toxic Chinese drywall began entering the United States as early as 2001. The gas emissions from toxic Chinese drywall are undesirable adequate to corrode electrical wires, and turn copper pipes black. The group estimates there are at least 200,000+ toxic Chinese drywall homes in the US Southeast alone. The group fears in 2011 toxic Chinese drywall will be found in all 50 US States. The National Mortgage Complaint Center is saying, “toxic Chinese drywall is a game changer for all US home owners, for all US banks, and for the US homebuilding market, and its going to get genuinely ugly in 2011.” For more data about toxic Chinese drywall please visit http://ChineseDrywallComplaintCenter.Com

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Critical Note: The National Mortgage Complaint Center is saying, “the vast majority of US home owners are more than paying on their house taxes. In some circumstances it could be thousands, and thousands of dollars every year. Verify with your neighborhood genuine estate agents to see what comparable homes in your neighborhood are promoting for, and then check your house tax bill. If you are over paying speak to your county assessor for info associated to a home tax assessment correction.” http://NationalMortgageComplaintCenter.Com

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Is the Mortgage Debt Relief Act Protected? Expert Property Options Thinks Not


San Diego, CA (PRWEB) September 22, 2011

Home owners, who go past 2012 with no loan mod and have to quick sale, could have a huge tax bill. Some short sales take a year. Property owners who wait till 2012 might have a brief sale close in 2013 and face a enormous tax bill.

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EHS says Be Concerned. Heres how the 2007 Act functions. If your lender forgives any of your loan, it is reported to the IRS as ordinary income. That revenue could add over $ 100,000 to your taxable revenue. The 2007 Act forgives that tax.

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Congress created a bi-partisan 12-member committee to decrease the $ 1.five trillion dollar tax deficit. Every thing is on the table which includes the tax deduction for mortgage interest and property taxes. This tax credit, which permits property owners to exclude up to $ 2 million dollars in mortgage debt forgiveness, is an simple repair. Remember, congress didnt extend the initial time buyer credit.

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2012 is a presidential election year. There is no telling who will be in power or what the political ear will be willing to hear.

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Even the existing mortgage interest tax deduction is under scrutiny. The committee estimates that by limiting mortgage interest and other itemized deductions for household incomes above $ 250,000 or people over $ 200,000, they can shave off $ 250 billion from the deficit. Why not let a temporary act currently scheduled to expire for everyone in 2012 disappear? This will affect folks producing a lot much less than $ 250,000.

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Homeowners want to believe tough. Banks can hold homeowners on the hook paying if they face serious taxes. They can foreclose if home owners cant pay. Suggestions: Dont wait!

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For answers, sign up for a Cost-free Guide for Distressed Home owners.

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Mary Ellen Wilson, broker (Lic. #01487433), Expert Residence Solutions Inc. dba Specialist House Auctions International, 877-267-2514×7, 877-276-8563 FAX, mewilson(at)experthomesolutionsincusa(dot)com, has been licensed because 2005. Her web experiences from 1995, prompted her to commence EHA online in Might, 2009. She has run over 40 auctions.

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A total media kit is accessible with videos, audio, photos, art, interview concerns, and top ten.

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Associated Loan Modification Press Releases

Clopton Capital Performs Modifications to their Industrial Mortgage Items


Chicago, Illinois (PRWEB) October 04, 2011

Clopton Capital is industrial mortgage provider and is situated in Chicago, IL. They mostly market commercial mortgages, SBA loans and niche financing mechanisms such as gas station loans and semi truck financing. The founder of Clopton Capital is Jake Clopton and this press release is part of Clopton Capital’s consistent effort to stay involved with the public, namely their future clients. Clopton Capital can be contacted at CloptonCapital.com.

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Clopton Capital has begun a small balance mortgage program two months just before now to lend fairly tiny amounts of capital that most banks and lenders would most likely pick not to. The information of this system are outlined on one of Clopton Capital’s internet sites, CommercialMortgageSource.com. The stated minimum quantity to borrow below this new plan is $ 25,000 and the maximum is $ 400,000. Clopton Capital is expecting this remedy to benefit thousands who have otherwise been turned away by huge monetary institutions who which have tiny interest in lending much less than $ 1,000,000 to a single borrower. In most situations these commercial mortgages can be issued without having broker points as properly. I truly really feel the demand for these loan products will be huge, we’re getting into a best storm where businesses will not be capable to get credit, particularly if they are borrowing amounts that are not worth an underwriter’s time, said Jake Clopton, the founder of Clopton Capital.

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Clopton Capital’s future plans are to launch their own proprietary industrial mortgage solution that would be made for extremely tiny commercial mortgages and underwritten more rapidly than capital from third parties could be. This solution would merely a variant idea of their current in-residence bridge loan finance plan. The lengthy term approach of this operation is to fund a larger and larger portion of loans in-home as time goes on, stated Matt Reed, an associate of Clopton Capital.

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Clopton Capital can be contacted at their internet site CloptonCapital.com or at 866.647.1650 in the course of normal enterprise hours central time. Their internet site includes more particular information about their operating capital merchandise. Their website committed to industrial mortgage is CommercialMortgageSource.com.

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A lot more Loan Modification Press Releases

Accountable Debt Relief Announces Pathbreaking Housing Counseling and Mortgage Modification Assessment Technique

Rochester, New York (PRWEB) October 31, 2011

Dr. Robert D. Manning, distinguished consumer finance scholar (author of CREDIT CARD NATION and hyperlink to http://www.creditcardnation.com) and founder of the nonprofit Accountable Debt Relief (RDR) Institute, announced the release of his companys pathbreaking, on the web mortgage underwriting, house refinancing, and housing counseling assessment technique final week in Salt Lake City, Utah. Throughout his luncheon address at the Utah Housing Coalition conference, Dr. Manning, 1 of the earliest forecasters of the Customer-Led Recession and collapse of the US housing marketplace, reported on the current state of the U.S. economy, the perilous situation of the housing market, and the failure of the banking market to adjust to the realities of current risk-management requirements.

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According to Dr. Manning, public policy-makers created the fatal mistake of assuming that the 2007 recession was propelled by a standard company-cycle that would final 3 or four years rather than a consumer debt bubble that would demand drastic household debt relief by means of loan forgiveness and low-interest loans. The problem is that economic institutions have not adjusted to the new reality of their faulty underwriting strategies. Individually-primarily based FICO scores and associated retrospective financial measures are much less trustworthy assessments of customer economic capability in the existing atmosphere of consumer credit scarcity. As a outcome, banks are reluctant to supply loans to creditworthy households that have encountered economic difficulty throughout this turbulent financial period.

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Throughout his presentation, Dr. Manning asserted that a new paradigm for assessing household credit capability should be explored if the nation is to keep away from a deeper and much more prolonged recession. Otherwise, fewer mortgage and loan applications will be authorized which will reinforce falling housing prices and lead to far more households abandoning their upside-down mortgages. Dr. Manning then explained the key attributes of the RDR net money-flow algorithm/software program that calculates net, soon after-tax household revenue based on such aspects as federal, state and local taxes, household structure, tax filing status, regional cost of living, property ownership status, federal authorized deductions such as retirement and charitable contributions, and court-mandated payments such as youngster help and garnishments.

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This proprietary algorithm is the basis of a webservices-primarily based data management program whereby lenders, counselors, and person buyers can conduct a preliminary, on-line assessment of the affordability of a mortgage modification, property loan, and even an auto loan.

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Following the presentation, Dr. Manning demonstrated the ease and speed in making use of the RDR online financial assessment systembeginning with a price range assessment based on the net cash-flow computer software. The assessments can be calculated for people and for households. The unique Credit Capacity score gives a swift assessment of the financial situation of a household. Similarly, the on the web mortgage underwriting, property loan modification, and auto loan assessments estimates the size of the loan that is inexpensive, whether the borrower must qualify for a prime or subprime loan, and the total expense of the loan. Moreover, RDR delivers a distinctive tenant screening score that estimates whether or not a person that has knowledge economic distress such as foreclosure or bankruptcy can afford a specific rent with out getting rejected due to a low FICO score.

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Dr. Manning concluded that, in the short-term, the pace of the US financial recovery will depend on the stabilization of the housing marketplace. Without having new risk management tools to a guide recently foreclosed and/or bankrupt households into the rental housing market place and far more precise underwriting tools that are not dependent on flawed FICO scores, the US will face a decade of declining economic prosperity and widening social inequality.

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For a lot more about RDR, its pathbreaking net money-flow tools, and Dr. Manning, please contact us at 585-563-7675.

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New Jersey Lawyer Successful with Mortgage Foreclosure Defense


Westwood, NJ (PRWEB) February 26, 2011

“It really is a sad story and all too actual for consumers that have come to us in New Jersey looking for assist with stopping the foreclosure approach. The story about Kendra and Todd Parker attempting to steer clear of foreclosure with no missing a payment is some thing that is sadly not exclusive,” says lawyer Joshua Denbeaux of the law firm Denbeaux &amp Denbeaux. He sees the Mortgage Electronic Registration Technique, recognized as MERS, at the root of the difficulty and uses a mortgage foreclosure defense that is a way to cease foreclosure in New Jersey.

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Formed in 1989, Denbeaux &amp Denbeaux is a law firm located in Westwood, New Jersey, devoted to supplying leading level legal representation to its consumers. The partners, Marcia and Joshua Denbeaux, represent people and firms in New Jersey State and Federal Courts. The firm primarily practices civil litigation, with a concentration in mortgage foreclosure, organization, insurance coverage coverage and employment litigation.

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According to an post by Yepoka Yeebo on two/16/11 in the Huffington Post, the issues started for the Parkers when they found out that their loan would no longer be serviced by the original lender, Metropolitan National Bank, but would be handled by PHH Mortgage of Mount Laurel, New Jersey.

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PHH Mortgage of Mount Laurel, N.J., is ranked eighth amongst America’s leading ten mortgage servicers by volume of loans serviced, according to a list compiled by Mortgage Servicing News. Bank of America and Wells Fargo best that list.

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In an interview with Housing Wire final year, PHH President Luke Hayden mentioned “There are opportunities for lenders who are willing to rethink standard approaches to originating, servicing and investing mortgage items.”

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In order for lenders and mortgage services to capitalize on this opportunity, they necessary a way to move the vast amounts of mortgage documents and verifications from one particular lender to yet another. The dilemma was that to be able to legally transfer a mortgage, the paperwork had to be hand signed and filed with the neighborhood country clerk. A cumbersome and tedious task, but a single that has been at the heart of American actual estate law for centuries. The remedy came in the Mortgage Electronic Registration Systems, or MERS, Merscorp Inc., operator of the electronic-registration system which now includes about half of all U.S. property mortgages.

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Lenders and servicers attempted to argue that circumventing the established practice of delivering original hand signed and “wet-ink” documents and going to an electronic registration system in between banks was an acceptable practice and provided proof needed to transfer a mortgage. Nevertheless, it was recently ruled by a Federal bankruptcy judge that MER’s has no legal correct to transfer the mortgages beneath its membership rules.

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According to the Feb. 10 opinion of Bankruptcy Judge Robert E. Grossman in Central Islip, NY, in the case of Agard, 10-77338-reg in the U.S. Bankruptcy Court, Eastern District of New York, “MERS’s theory that it can act as a ‘common agent’ for undisclosed principals is not supported by the law. MERS did not have authority, as ‘nominee’ or agent, to assign the mortgage absent a showing that it was given specific written directions by its principal.”

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In other words, a lender has no legal correct to transfer mortgages employing the MERS program.

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Josh Denbeaux says, “For the Parker’s as properly as our clients it is essential to note that circumventing the rules of proof and not getting the original lender are the foundations to a strong defense against foreclosure. We challenge the standing issues and guidelines of proof. This causes the Plaintiff to shed the motion for Summary judgment based on failure of proofs. We are discovering that other lawyers are coming to us for support in New Jersey to help with their instances simply because of our profitable defenses with these sorts of instances.”

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Property owners want to be in a proactive state of mind in order to know their rights and make good choices about their options when dealing with banks. If you have concerns about a residence foreclosure, or are obtaining difficulty in acquiring a home loan modification please call Joshua Denbeaux of the Westwood, New Jersey, law firm, Denbeaux and Denbeaux to answer your inquiries at 201-664-8855. or send an e mail to pr(at)denbeauxlaw(dot)com

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More Loan Modification Services Press Releases

Brookstone Law, Pc: Obama Administrations Mortgage Deal Could Exclude Borrowers from Future Action Against Banks


Newport Beach, CA (Vocus/PRWEB) March 02, 2011

Recent media reports that the Obama administration is attempting to reach an agreement with banks more than mortgage-servicing breakdowns highlights the require for homeowners facing foreclosure to have legal counsel prior to any settlement, according to Vito Torchia, Jr. managing lawyer of Brookstone Law.

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According to media reports, the Administration’s proposed settlement would require banks and loan servicers to bear the expense of write downs but provides banks the freedom to decide what these modifications will be. Those servicers would include mortgage-finance giants Fannie Mae and Freddie Mac, as well as investors in loans that had been securitized by Wall Street firms. Settlement terms stay in improvement and regulators are seeking at up to 14 servicers that could be a celebration to the settlement.

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Brookstone Law, Computer, has filed a mass joinder lawsuit against Bank of America, potentially the most significant and precedent setting legal action taken against lenders as a result of the national foreclosure crisis. The lawsuit alleges Bank of America (BOA) and its subsidiary Countrywide Financial Corporation (Countrywide) perpetrated a enormous fraud, also constituting unfair competitors upon borrowers that devastated the values of their residences, resulting in the loss of net worth, and that BOA and Countrywide intended to deprive many rights and treatments for the difficulties they caused the borrowers. The case is Wright et al. v. Bank of America, N.A. et al., case no.30-2011-00449059-CU-MT-CXC filed in Orange County Superior Court.

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Now that the U.S. Government is discussing settlements that will defuse lawsuits against the banks that specifically challenge elements of mortgage securitization, the broken chain of title or MERS, principal reduction is the most critical aspect of any settlement, said Vito Torchia, Jr. Until banks and servicers totally embrace principal reductions, the thousands of homeowners who are underwater will continue to struggle and that will preserve the housing marketplace and our economy down for years.

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According to media reports in the Wall Street Journal, Federal agencies have been scrutinizing the nation’s largest banks more than breakdowns in foreclosure procedures that erupted final fall and last week, the Office of the Comptroller of the Currency raised issues more than inadequate staffing and weak controls over foreclosure processes. In 2008, BOA settled claims worth more than $ eight.six billion for loans allegedly involving predatory lending practices committed by Countrywide, which it acquired that year.

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Any settlement could be amongst the biggest ever against the mortgage sector especially considering that some are pushing for banks to spend billions or fund a comparable quantity of loan workouts, stated Vito Torchia, Jr. If a single settlement can’t be reached, it is most likely various federal agencies will nonetheless seek smaller sized penalties through regular enforcement channels, so banks could face the prospect of lawsuits from state attorneys common, which indicates property owners require for professional legal counsel will be just as wonderful right after any settlement as it is now.

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ABOUT BROOKSTONE LAW, Computer &#13

Headquartered in Newport Beach, Calif., and with offices in Los Angeles, Calif., and Ft. Lauderdale, Fla., Brookstone Law, Computer is a law firm comprised of attorneys with expertise and accomplishment in business, corporate and individual finance, employment, entertainment and media, art and museum, intellectual property and true estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs very trained specialists, paralegals, paraprofessionals and administrative staff dedicated to serving clients. For info, call (800) 946-8655 or go to Brookstone-Law.com (http://www.brookstone-law.com).

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Seven Gables Genuine Estate’s New Division Steering Home owners in the Very best Direction Out of Their Mortgage Crises

Anaheim, CA (PRWEB) March 16, 2011

Seven Gables True Estate agent teams Moeller and Tri Stone are pleased to announce the opening of a new division, Recreate The Dream. This lately launched service delivers complimentary loan modification suggestions to thousands of struggling American homeowners who were hit tough by the subprime mortgage crisis when the U.S. housing bubble burst in 2007 and for whom losing their residences is nevertheless a extremely genuine threat. Mortgage-delinquent property owners who would like to take benefit of Recreate The Dreams no-cost nearby community seminars and individual consultations can learn a lot more on the web at http://www.RecreateTheDream.com.

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In an try to reduce the aforementioned delinquent and at-threat borrowers monthly mortgage payments, in 2009 the U.S. Division of the Treasury announced specifics of the Property Affordable Modification System (HAMP). Regrettably, that work made less than hoped-for outcomes.

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Of the practically 1.5 million HAMP trials that have been initiated since the programs inception, much more than half have been canceled since of the borrowers inability to preserve up with the new payments or because of his or her ineligibility for permanent help when earnings and other documentation were verified. And all indications are that the predicament wont be correcting itself anytime soon.

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In late January, the Related Press announced that Foreclosure activity [was] up across most U.S. metro places. Indeed, foreclosure activity jumped in 149 of the countrys 206 biggest metropolitan areas last year. That announcement followed on the heels of a Zacks Investment Research report that revealed home prices in November continued to slip.

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As a outcome, much more and more Americans are discovering themselves in a adverse equity situation, exactly where their houses are worth less than their outstanding mortgages. Left higher and dry by the U.S. Treasury, many of these property owners have turned to high-priced attorneys and other experts to keep away from losing their homes. Thousands of dollars later, a massive percentage of these desperate people are still becoming denied assistance or are becoming steered in a direction that isnt the proper solution for their circumstance.

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Re-Develop The Dream, the equity division of Seven Gables True Estate, provides these harried property owners a no-expense alternative. Recognizing that its clientele have already been run through the monetary wringer, Recreate The Dream supplies low-price loan modification assistance. The organization is committed to helping its clientele explore all of their choices to guarantee they are producing the greatest extended-term selection.

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Our group is distinctive in that we appear at the large picture. We talk about credit implications, tax concerns and, most importantly, deficiency troubles we want to steer clear of at all charges. Its by no means as easy as getting a loan modification approval. Any approval demands to make sense for the client, explains Shauna Drumm, the companys lead bank negotiator.

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Re-Create The Dreams clients appreciate that straightforward approach. I am indebted to your group for reviewing my loan modification. Other firms wanted to charge me thousands, your group helped me recognize all of my choices, submitted my paperwork and didnt charge me something right after discovering a loan modification was not correct for me, says Leslie Nepsa of her knowledge with the firm.

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For a lot more data on Re-Produce The Dreams complimentary loan modification guidance, make contact with Nancy Moeller at (714) 276-7006. To understand much more about the low-cost service that has led to over 220 productive loan modifications and quick sales, visit Re-Develop The Dream online at http://www.ReCreateTheDream.com.

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Get in touch with Information:&#13

Nancy Moeller&#13

(714) 276-7006&#13

Nancy(at)TheOCExperts(dot)com&#13

http://www.RecreateTheDream.com

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Related Loan Modification Services Press Releases

Objective and Thorough Property Valuation Evaluation Is Crucial To Successfully Negotiating With Commercial Mortgage Lenders According to Kevin M. Levine

Woodland Hills, CA (PRWEB) March 21, 2011

An objective and thorough house valuation evaluation is the important to a profitable negotiation with industrial real estate mortgage lenders, stated Kevin Levine, Executive Vice President of Strategic Asset Solutions/Peak Asset Options of Woodland Hills, California. Several distressed loan borrowers think that they can submit just any proposal to modify the loan or conduct a quick sale of the house, Levine stated. And numerous potential actual estate investors submit delivers to obtain mortgaged properties or buy mortgage loan notes from lenders at really low prices. Sometimes those proposals are successful but generally they are summarily rejected by the lender.

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Levine explained that borrowers or potential purchasers usually submit a very low figure proposal, believing that will smoke out the lender and stimulate a counter provide. That response doesnt happen extremely often, he said. A lender usually avoids, in impact, bidding against itself. Levine explained that the lender need to be convinced the proposed loan modification, brief sale or note purchase will make an end result at least equal to what the lender will comprehend upon foreclosure. This can only be carried out by supplying the lender with a quite thorough house valuation evaluation, Levine stated.

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We devote considerable time and work gathering existing industry information and operating data about the house. If there are tenants, we analyze their rental rates in comparison with industry prices, he stated. Important elements relating to tenants are the remaining terms of their leases, the likelihood of renewal, and their anticipated rental renewal prices which may effectively fall below the existing prices. So even if the occupancy is fairly higher now and the property is producing sufficient earnings to service the debt, taxes and maintenance, that may possibly not be the case in a few months.

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Levine commented that properties occupied by the borrowers operating organization need an examination of the company economic functionality. The home owners enterprise could be declining swiftly in this economy, Levine added. In such a non-arms length situation, the enterprise will not be in a position to pay the contracted rent. An option and realistic rental price most likely will be drastically lower, diminishing the value of the house.

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Levine stated that lenders usually welcome and appreciate receiving an objective and thorough valuation analysis. They typically then will have the house reappraised but the valuation evaluation we give them creates a benchmark and provides a basis for contesting the reappraised value if that becomes needed.

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Strategic Asset Solutions/Peak Asset Solutions delivers commercial loan modification and brief sale services in California and all through the country. The companys personnel bring in depth industrial real estate experience to every single assignment, such as market analysis, valuation, legal, and negotiation encounter. Each borrowers unique lending situation is completely analyzed, and the borrower is assisted in preparing current operating reports and projections. Then Strategic Asset Solutions/Peak Asset Solutions drafts and submits to the lender a loan modification proposal. That proposal could contain a principal reduction, interest price reduction, and waiver of penalty charges. In those situations exactly where a loan modification will not function to the mutual advantage of the borrower and lender, Strategic Asset Solutions/Peak Asset Options will try to broker a quick sale of the commercial actual estate at a significant discount from the loan balance, or will seek to negotiate a sale of the note to a third-party.

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Strategic Asset Options/Peak Asset Options is a member of the Peak Corporate Network headquartered in Woodland Hills, California. In addition to industrial loan modifications, the Peak Corporate Network provides mortgage lending, loan servicing, residential quick sale, 1031 exchange, trustee operate, foreclosure solutions, and true estate sale brokerage solutions. These solutions are available mostly all through the Western United States for each residential and industrial real estate properties and loans.

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Much more Loan Modification Services Press Releases

National Mortgage Complaint Center Blasts All US Banks for Failing to Give Homeowners Constant Buyer Service on Mortgage Loan Modifications


(Vocus/PRWEB) April 04, 2011

The National Mortgage Complaint Center is accusing all US banks, and loan servicing businesses of really dropping the ball, when it comes to assisting potentially a million plus US property owners trying to qualify for a loan modification, or a mortgage loan operate out. The group says, “When a desperate US homeowner attempts to get in touch with a bank, or loan servicing center, they never ever get the very same customer service representative twice, and far more usually than not they are receiving conflicting details. As an instance a single customer service representative, will inform a homeowner, who has always been present on their mortgage to stop creating payments on their loan-in order to qualify for a loan modification? We have actually talked hundreds of shoppers, who have been told to quit making their mortgage payments–the dilemma–the bank representative just instructed the homeowner to blow up their credit score, by missing mortgage payments! How amazingly stupid is that? Then an additional customer service representative will inform the same borrower–Oh my God you have stopped producing mortgage payments-you are now in foreclosure.” http://NationalMortgageComplaintCenter.Com

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The National Mortgage Complaint Center says, “If the national news media is actually interested in this US loan servicing disaster story–just let us know–we will do a press release targeting any US city you want &amp you can have a little town hall meeting with victims of this nonsense–the only dilemma–you in the press will need to rent the facility, and its going to need to be genuinely, really big–simply because you will have tens of thousands of US citizens in any huge, or medium sized metro area, who all will have a mortgage loan servicing nightmare story for you. The issue is that vast.” http://NationalMortgageComplaintCenter.Com

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The National Mortgage Complaint Center says, “So how do we repair this loan servicing nightmare for all US property owners? Truly, we feel its sort of simple. When a borrower calls their bank about a mortgage problem, they should be assigned a distinct consumer service representative, who will supply the customer with their complete name, buyer ID, and e-mail address. If its a loan modification, or mortgage function out, this bank, or loan servicing representative will stay with the consumer till whatever the activity at hand is accomplished, and the bank rep sends the borrower specific directions-not this verbal–stop creating your payments nonsense.” They say, “A enormous element of our current US mortgage, or US genuine estate disaster is a direct result of banks, or loan servicers never offering the borrower with anything in writing, by no means enabling the homeowner to get an e-mail, or something in writing, and never ever receiving the identical client service particular person twice. This needs to stop now, if we ever have any hope of placing the present US true estate disaster in our nations rear view mirror-US banks, as nicely as loan servicing firms have to do a significantly greater job, and the US Congress requirements to cease giving banks money for mortgage bailouts, that are absolutely nothing a lot more than an absolute waste of taxpayer money.” http://NationalMortgageComplaintCenter.Com

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Related Loan Modification Services Press Releases

Utah Bankruptcy Lawyer Applauds Passage of Mortgage and Actual Estate Licensure Exemption Bill


Salt Lake City, UT (Vocus/PRWEB) April 19, 2011

The Utah law firm Law Offices of W. Sean Mawhinney released a statement nowadays concerning the current passage of HB 93: Mortgage and True Estate Licensure Exemptions for Attorneys. This bill, signed by Governor Gary R. Herbert on March 30th, supplies exemption from licensure for attorneys below particular circumstances. Lawyer Mawhinney applauds this bill and believes it will aid several home owners stay away from foreclosure.

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Property owners in Utah face a single of the highest rates of house foreclosures in the United States. Nevertheless, most banks would rather operate out a mortgage solution than foreclose on a house, as foreclosure is not cost-powerful for them. Negotiating a loan modification can outcome in stopping foreclosure.

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The passage of HB 93, Lawyer Mawhinney points out, gives attorneys an elevated capacity to assist their consumers modify their loans and stay away from foreclosure or bankruptcy. Prior to HB 93, attorneys had been necessary to be licensed by the Division of Real Estate in order to negotiate reasonably priced mortgage terms with lenders. Now, attorneys working in loan modification are exempt from this mandatory licensing.&#13

Lawyer Mawhinney explains, Attorneys are now uniquely empowered to employ any implies essential for the economic betterment of their clients. This consists of loan modifications, brief sales, credit repair, debt settlement, and bankruptcy. With this bill, only attorneys have all of these tools at their disposal. This allows us to be the aid that individuals so desperately require in todays economy.

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The Law Offices of W. Sean Mawhinney is a complete-service debt relief law firm. The firm provides clients with all necessary sources to help them out of monetary debt. Regions of practice consist of:&#13

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