Tag Archives: Purchasers

Foreclosure.com and LoanResolve.com Forge Partnership to Connect Distressed Home owners With Eager Purchasers

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Boca Raton, Fla. (PRWEB) July 22, 2008

In an effort to stem the foreclosure tide, Foreclosure.com and LoanResolve.com have joined forces to assist connect distressed homeowners with possible purchasers, operating direct with their lenders to negotiate reduced obtain costs that will appeal to homebuyers and investors.

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It really is a process that is usually referred to as a “quick sale” even so, LoanResolve and Foreclosure.com will simplify and shorten what is typically a complex and lengthy approach.

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“In between each firms we have relationships with most if not all of the significant lenders right now,” said Brad Geisen. “We can operate with them and the homeowners to attain favorable options that support lessen foreclosure conditions, provide relief for distressed home owners and produce offers for future property owners.”

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According to Geisen, it really is an all around win-win situation for everybody involved simply because actually no a single normally wins in a house foreclosure.

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LoanResolve, which has designed a state-of-the-art foreclosure resolution and loan modification engine, helps distressed home owners avoid foreclosures by operating inside their lenders’ loan resolution, loan modification and brief sale processing services to swiftly implement solutions that make sure compliance with lender specifications

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In truth, LoanResolve gives borrowers an on-line tool that assists them proactively research techniques to resolve a delinquent or potentially delinquent loan with their lenders. As a final resort the organization provides an on the web tool to rapidly process home sale transactions.

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Based on information borrowers offer concerning their loans and their lenders offered resolution possibilities, LoanResolve assists the borrower and lender in coordinating rapid approvals toward resolutions.

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When this fast process is total, Foreclosure.com will then list those properties on its Web website and drive traffic to them — much more than five million interested buyers each month. In addition, Foreclosure.com will supply guests with the opportunity to make provides and speak to the listing brokers for far more details on the featured listings.

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“The flexibility and compliance expertise that LoanResolve delivers with its document solutions is the correct match for Foreclosure.com’s short sale house liquidation requirements,” mentioned Jim McArthur, President of LoanResolve. “We operate closely with each the lender and borrower in creating and executing options lenders can speedily implement.”

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For more information and to discover much more about how to either search these short sale listings or to have your residence listed amongst them please pay a visit to https://shortsale.loanresolve.com/Default.asp.

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About Foreclosure.com:&#13

With more than 1.eight million foreclosure, preforeclosure, bankruptcy, FSBO and tax lien listings in a single location, Foreclosure.com delivers America’s biggest and most correct searchable database of foreclosed residences and investment house info to its customers and business partners. Based in Boca Raton, Florida, Foreclosure.com performs with hundreds of leading lending institutions and government agencies to list diverse home types on its Net internet site, such as True Estate Owned (REO) Department of Housing and Urban Development (HUD) Division of Veterans Affairs (VA) Fannie Mae and other government agency and monetary institution properties as properly as listings from an comprehensive network of corporate sellers. On the Web: http://www.foreclosure.com.

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About LoanResolve.com:&#13

LoanResolve, which is headquartered in Saint Petersburg, Fla., is a major technology solutions provider to the monetary sector that maintains operations all through the United States and Canada. The organization offers items and services for home owners at risk of foreclosure, mortgage servicers and legal firms involved in default resolution. LoanResolve’ solutions contain Net based integrated workflow solutions and specialist services. Customers incorporate mortgage servicers, banks, credit unions, mortgage lenders, mortgage insurance coverage companies, genuine estate organizations, title organizations, and foreclosure attorney firms, of all sizes throughout the United States. The business is privately held, For much more details on LoanResolve Services pay a visit to http://www.LoanResolve.com.

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Media contact:&#13

Thomas Myers&#13

Foreclosure.com&#13

tmyers @ foreclosure.com

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National Mortgage Complaint Center Warns About The US Residential Actual Estate Market place & Urges Congress To Restore The Property Purchasers Tax Credit That Consists of Investors

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(PRWEB) September 01, 2011

The National Mortgage Complaint Center is urging US Property of Representatives Speaker John Boehner to introduce immediate legislation that restores the Federal Tax Incentive Strategy for house buyers. Nevertheless, the group says, “the Federal Tax Incentive House Purchase System ought to not be restricted to 1st time residence buyers only. We believe a much more robust federal tax incentive plan is known as for, to contain not just 1st time property buyers, but all certified property purchasers, like investors. A person demands to step up to the plate to rescue the US residential actual estate markets, and leadership is required-now.” http://NationalMortgageComplaintCenter.Com

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The National Mortgage Complaint Center is now warning, “If a person in the federal government does not exert some leadership quickly, it may possibly be also late for the US residential true estate markets, and our economy. We appreciate the idea of totally free enterprise, and or threat, and return is lost on President Obama, but a person in DC had better begin thinking outside of the box now, or it could be too late to do something about the sinking US residential actual estate markets.” The National Mortgage Complaint Center is also warning, “Now would not be a time for the US Congress to permit President Obama, and former House Speaker Pelosi to make an Economic Social Statement, with one more insane plan that permits men and women not certified to acquire a property, to get a single. Now is the time to let the totally free enterprise method function, for certified buyers, with tax credits becoming the incentive for participation.” http://NationalMortgageComplaintCenter.Com

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The National Mortgage Complaint Center says, “On the topic of the US Federal Government, mortgages, and failure, we have a gigantic issue in Florida, and the intense US Southeast involving imported toxic Chinese drywall, and probably 200,000+ properties. Generally these homes turn into foreclosures, simply because of homeowner fears about overall health effects to themselves, or their youngsters. These fears are not unfounded. In a common Florida property, or condominium, that consists of toxic Chinese drywall, the electrical wires turn black, and copper tubes, or pipes also turn black, get pitted, and leak. The astonishing factor to us is in numerous to most situations US Taxpayer owned Fannie Mae gets the property as a foreclosure, and merely resells it to a new home purchaser, with the only disclosure becoming As Is. As soon as the Florida, or Gulf States foreclosure purchaser discovers the home includes toxic Chinese drywall, the house becomes a foreclosure all over once more. And President Obama is contemplating obtaining the US Federal Government into the mortgage enterprise? Has absolutely everyone in Washington, DC lost their minds? President Obama has but to mention the toxic Chinese drywall disaster in Florida, or US Gulf States a single time in public, soon after practically three years in office?” http://NatonalMortgageComplaintCenter.Com

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For much more info about the imported toxic Chinese drywall disaster please check out http://ChineseDrywallComplaintCenter.Com

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Connected Loan Modification Press Releases

Chinese Drywall Complaint Center Launches a Vital Toxic Chinese Drywall Inspection Service for Florida Residence Purchasers or Property owners

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(PRWEB) April 26, 2011

The Chinese Drywall Complaint Center has developed a extremely thorough, and revolutionary toxic Chinese drywall inspection service for all potential Florida house purchasers, designed to defend them from unknowingly getting a property that may well include toxic Chinese drywall. At the very same time this special toxic Chinese drywall inspection service has also been created to assist existing Florida property owners stuck in a toxic Chinese drywall house, in the hopes it will help them in acquiring a considerable loan modification, or a meaningful forbearance agreement with their bank, or loan servicing firm. The group says, “Tragically the toxic Chinese drywall disaster in Florida has the atmospherics of the Wild West, there is no meaningful federal, or state response, President Obama has not described this disaster one particular time in public, there is no Congressional rescue program, its everybody’s on their own. We are trying to change this dynamic by providing an inspection service with customer protection, and consumer assistance its number 1 targets.” For more information please go to the Chinese Drywall Complaint Center’s Inspection Page, or speak to the group at 866-714-6466, or by means of their web internet site at http://ChineseDrywallComplaintCenter.Com

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The Chinese Drywall Complaint Center’s Innovative Florida Property Inspection Service has two ambitions:&#13

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Objective number one: Shield all prospective residence purchasers from unknowingly acquiring a Florida toxic Chinese drywall residence. They group says, “Our inspections are really thorough, and rigorous. The reason we feel this service is vital in Florida, is banks, and or genuine estate flippers are dumping their toxic Chinese drywall foreclosures onto unsuspecting property buyers with no disclosure of the toxic Chinese drywall. Banks, actual estate flippers, or investors are also reselling, or flipping their Florida toxic Chinese drywall homes with, ‘As Is’ being the only disclosure.” They say,”The require to have an inspection for toxic Chinese drywall is particularly vital for home purchasers from out of state, who have never heard about the toxic Chinese drywall disaster in Florida. Who desires to needlessly throw away a hundred thousand dollars, or much more?” In addition to the actual Chinese drywall inspection report, there will also be a report detailing what to do if toxic Chinese drywall is discovered. This report will offer certain information as to what the home remediation expenses will be if toxic Chinese drywall is found, along with suggested providing rates, primarily based on the existence of toxic Chinese drywall.&#13
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Goal quantity two: Purpose quantity two is to supply an existing Florida homeowner, at the moment living in a toxic Chinese drywall residence with a professional report detailing the existence of toxic Chinese drywall in their property. The intent of this report is to assist the homeowner in trying to get a considerable loan modification, and or forbearance agreement. The Chinese Drywall Complaint Center, “Every homeowner in Florida currently stuck in a toxic Chinese drywall home need to use this service, simply because we think there is a quite excellent opportunity a bank, or loan servicing organization will listen to us, when it comes to a toxic asset for the bank, or loan servicing firm. This service is all about trying to assist all Florida home owners stuck in a toxic Chinese drywall home with meaningful assistance. There is no other service like this in Florida, or anywhere else in the United States.”

The Chinese Drywall Complaint Center Says, “We hope all potential Florida house buyers, or folks from out of state use our crucial inspection service, prior to they get something in this state. At the same time, we are encouraging all current Florida homeowners stuck in a toxic Chinese drywall residence, to use our inspection service, due to the fact we think there is a very good opportunity it could create the environment for a significant loan modification, and or forbearance agreement.” The group also says, “We are fortunate to be part of an incredible group. Once we establish ourselves in Florida as the go to toxic Chinese drywall inspection service, we intend to grow this customer protection, and help initiative into Alabama, Mississippi, Louisiana, and Southeast Texas.” For a lot more data interested Florida property owners, or residence buyers can get in touch with the Chinese Drywall Complaint Center at 866-714-6466, or they can make contact with the group by means of its net internet site at http://ChineseDrywallComplaintCenter.Com

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Related Loan Modification Services Press Releases

US Property Purchasers Have A Much better Opportunity To Gain A High quality Residence Loan

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Minneapolis, Minnesota (PRWEB) October 02, 2012

Acquiring A Home With A High quality Loan The OCC Mortgage Metrics Report, released September 2012, covers 30.5 million very first-lien mortgages worth $ 5.two trillion in outstanding balances, about 60 percent of all first-lien mortgages in the United States. Buying a property is now much more inexpensive than it has been in the final many years, thanks to home owners improved capability to gain a good quality loan.

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“As credit high quality stabilizes, it is less difficult for prospective home buyers to obtain a top quality loan that makes it feasible to acquire and for underwater homeowners to obtain a property loan modification that they can live much more comfortably with”, says Jenna Thuening, owner of Residence Destination.

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The OCC Mortgage Metrics Report for 2012’s Second Quarter provides real estate experts and economists a summary of the percentage of mortgages that were present and performing. At the finish of Q2, 88.7 percent of U.S. property owners are current of their property mortgages compared to 88.9 percent in the first quarter and 88.1 % at the end of Q2 in 2011. The report incorporated details for residence purchasers that “HAMP attempts to boost payment sustainability by targeting month-to-month housing payments at 31 percent of borrowers earnings”.

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The Q2 Disclosure of National Bank and Federal Savings Association Mortgage Loan Data report released by the Workplace of the Comptroller of the Currency (OCC) show that home owners have a greater chance to acquire a home because it is simpler to get a top quality loan. Minnesota had 1,485 house loan modification in Q2 of this year, with .7% gaining a mortgage term extension and .two% gaining a principal deferral. 430 of the modifications had been through HAMP.

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Highlights of the OCC Report Incorporate:&#13

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The percentage of mortgages that have been 30 to 59 days previous due was two.8 %, up 12.1 percent from the prior quarter but down 7.five percent from a year ago. &#13

Seriously delinquent mortgages60 or a lot more days previous due or held by bankrupt borrowers whose payments are 30 or much more days previous duefell to their lowest level in three years.&#13

The percentage of mortgages that have been seriously delinquent was four.four percent, down .8 % from the prior quarter and 9.two % from a year earlier.&#13

The average loan modifications implemented in the Q2 of 2012 decreased borrowers month-to-month principal and interest payments by 24.six%, or $ 381. Modifications created beneath the Home Reasonably priced Modification Program (HAMP) lowered payments by 35.three percent on average, or $ 576.&#13

The quantity of completed foreclosures decreased 16.1 % from a year ago to 101,735.&#13

Maybe the very best news -quick sales elevated by 5.7 percent from the prior quarter and 12.four % from a year earlier, which means fewer foreclosures.

The OCC Report contributes year-more than-year improvements to strengthening financial conditions, servicing transfers, and the ongoing effects of each home retention loan modification programs and residence forfeiture actions. It is simpler for underwater mortgages to refinance and prospective residence purchasers to get a much better good quality loan due to far more current modifications that prioritize property loan affordability and sustainability.

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The Federal Reserve Mortgage Debt Outstanding Report for September also shows an improvement show a slight improve for all holders to 13,216,356 in Q2 over 13,292,581 in Q1 of this year.

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Modifications that decrease mortgage payments happen when loan servicers elect to lower homeowner’s interest rates, extend the amortization period, defer principal or forgive principal. The reduced payments can make purchasing a residence far more cost-effective to borrowers and far more sustainable over time.

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Minnesota had 1,485 residence loan modification in Q2 of this year, with .7% gaining a mortgage term extension and .2% gaining a principal deferral. 430 of the modifications have been through HAMP.

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House Destination services Minneapolis and St Paul area homeowners and assists individuals who are hunting to buy a home and gain a high quality loan to do so. Jenna Thuening assists buyers discover the appropriate house and provides resources to support home owners achieve the greatest possible property loan.

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