eOriginal Net Based Loan Modification Program Leverages Electronic Documents and Signatures to Expand Loan Servicing Workload Capacities

Baltimore, MD (PRWEB) September 29, 2008

In response to the elevated pressure on lenders’ servicing infrastructures due to the unprecedented spike in processing loan modifications, eOriginal announced these days the release of a considerable new product enhancement to relieve the stress on harried lenders and third-party loan servicing businesses. As a lot more mortgages and other customer loans grow to be distressed, buyer service and collection departments are scrambling to cope with thousands of new requests each and every month to modify the terms of delinquent loans as an option to default, foreclosure or repossession. The eOriginal service supplying may possibly be employed for mortgages, equity loans, car loans, leases and other finance documents that want to be signed and can be operational in a matter of weeks.

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The service is available now via the eOriginal

I Short Sale, Inc. Offers Default Options Expertise at the Fifth Annual Five Star Default Servicing Expo

Woodland Hills, CA (PRWEB) October 22, 2008

Property owners, lenders and servicers are actively looking for solutions as the quantity of properties falling into foreclosure continues to break records.

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Realty Trac recently reported that practically one in ten home owners is in danger of defaulting on their mortgage. The Case-Shiller index also illustrated that house rates have fallen 21.1% from their July 2007 highs with predicting markets expecting a additional 12% reduction. As the real estate crisis has led the economy to the brink of collapse, the panel discussed sensible options to deal with the major challenges connected with loss mitigation tactics.

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The “Mastering the Quick Sale” panel presented short sale transactions as the most successful alternative to property foreclosure. On the featured panel was Eli Tene, who led the discussion on methods to method a short sale swiftly and the variety of challenges that come with it.

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Panel topics incorporated: inaction on the component of lenders to discover viable options to default scenarios, basic advantages of the quick sale, and potential downsides of pursuing a loan modification. Tene insisted that most foreclosures will be eliminated if lenders adopt suitable procedures for dealing with default circumstances.

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As an specialist in the field, with thousands of quick sales completed more than the previous 19 years, Tene stated that, “by performing a brief sale we keep families secure from the pitfalls of foreclosure as well as saving lenders from the heavy costs involved.”

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Tene points out that the core causes of the problem stay unsolved. “When a person is losing their job or doesn’t make enough income, sooner or later a loan modification won’t hold. Many lenders are just delaying a predicament that could have been solved via a brief sale in the 1st location. Several of the loan modifications I see right now turn into brief sales and foreclosures shortly afterwards.”

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The 5 Star Conference happens annually, bringing with each other numerous mortgage lending and default servicing sectors. The symposium seeks to promote the effectiveness of default servicing experts via independent education and networking activities. Participants addressed the industry’s present requirements and challenges in order to foster a remedy-driven atmosphere.

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I Quick Sale has been assisting distressed home owners and industry experts by supplying mutually useful solutions. To learn much more about I Quick Sale or find out about upcoming seminar series, go to http://www.ishortsale.com or contact (877) 90-Short.

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Interactive Site Launched For Default Loan Servicing

Woodland Hills, CA (PRWEB) Might 2, 2009

BLC Servicing of Woodland Hills, California launched its unique, interactive website made to offer maximum details to lenders and investors holding defaulted mortgage loans on April 30, 2009.

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The new site address is http://www.BLCServicing.com. Its purpose is to give important and timely data to borrowers, lenders and investors concerning their mortgage loans getting serviced by the business. “We realize that sensible and efficient loan servicing can occur only when each the borrower and lender/investor have a maximum amount of present data and are educated regarding the tools accessible to them in a delinquency circumstance,” stated Brent K. Houston, Chief Operating Officer.

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On the new site, borrowers are offered information about the existing status of their loans, plus access to a series of options for the a variety of challenges they might face. These options include credit management services, loss mitigations options, modification plans, refinance alternatives, payment options and suggestions for dealing with monetary hardship.

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The website makes available to lenders and investors the most current data concerning their loan portfolios to allow them to make quick and efficient choices. In addition, they have direct access to data setting forth their responsibilities, credit management services, foreclosure and bankruptcy laws, loss mitigation options and emergency disaster response.

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“In today’s mortgage environment, with its heavy component of delinquent loans, the on the web data that BLC Servicing gives is a critical strategic complement to our company’s hands-on approach to operating with our servicing clientele,” Houston explained. “BLC Servicing is a complete-spectrum mortgage servicer specializing in curing or otherwise resolving problematic loans. Our network of affiliated companies supplies a one particular-stop remedy for the delinquent loan assets appearing in a lender’s or investor’s portfolio.”

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“At a time when the Federal Government is generating a major work to help banks in removing the delinquent loans from their balance sheets, we are in a exclusive position to be an market leader within this default loan servicing space,” Houston said.

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BLC Servicing is a member of the Peak Network of businesses headquartered in Woodland Hills, California. In addition to loan servicing, Peak Network firms provide lending, brief-sale, loan modification, 1031 exchange, foreclosure, and real estate sale services covering all aspects of delinquent actual estate management. The solutions provided by the Peak Network are offered throughout the United States for each residential and commercial genuine estate loans.

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Speak to Person: Brent K. Houston, Chief Operating Officer&#13

Organization: BLC Servicing&#13

Address: 22837 Ventura Blvd., Ste. 300, Woodland Hills, CA 91364&#13

Telephone: (818) 206-0657&#13

Fax: (818) 206-3510&#13

Website: http://www.BLCServicing.com

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Kramer Law: Mortgage Litigation Index Shows Dramatic Increase in Mortgage Servicing Litigation


Calabasas, CA (PRWEB) June 22, 2011

Lead lawyer at for the Law Offices of Kramer and Kaslow, Philip Kramer, not too long ago released comments on the newest Mortgage Litigation Index numbers compiled by MortgageDaily.com. According to the newest Mortgage Litigation Index, mortgage servicing litigation increased 88 percent for the duration of the first quarter, according to MortgageDaily.com. The increasing quantity of lawsuits suggests economic institutions will be increasingly below pressure to resolve outstanding mortgage and foreclosure problems.

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Philip A. Kramer, a noted lawyer who represents hundreds of property owners who have filed consolidated plaintiff litigation lawsuits against six of the nations largest lenders, commented on what he feels that the statistics indicate.

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What youre seeing here are the cumulative final results of years of egregious conduct that have not been properly addressed by regulatory authorities. Kramer finds especially noteworthy the dramatic increase in investor and criminal litigation. If you appear at these charts, says attorney Kramer, You see that investors are increasingly turning to the courts for redress. The courts have turn out to be the significant avenue of redress due to the fact other institutions have failed. At least until now. The charts also show an elevated number of criminal suits which suggests that government neighborhood, state and federal — is developing increasingly active in redressing some of these troubles.

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Philip Kramer observes, It looks to me like we have reached a tipping point. Either banks are going to settle voluntarily, or the courts are going to impose options. A single way or another, it appears like a resolution is on the way.

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A lot more of Philip Kramers thoughts can be located at the Kramer and Kaslow weblog.

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ABOUT PHILIP KRAMER&#13

PHILIP A. KRAMER is the senior partner of the Law Office of Kramer &amp Kaslow, in Calabasas, California. Kramer &amp Kaslow is Martindale Hubbell AV rated. Mr. Kramer is a perennial recipient of the prestigious Southern California Super Lawyer award.

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Mr. Kramer received his undergraduate degree from Ohio State University and his Juris Doctorate from the Catholic University of America, in Washington, DC. His practice emphasizes industrial litigation and trial advocacy, with a concentration on organization litigation, and genuine property matters. He has prosecuted and defended cases for over twenty five years.

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Mr. Kramer is a licensed real estate broker and has spent considerable time providing legal services in connection with genuine estate concerns relating to loan modification and loss mitigation, land use and zoning, environmental problems, easements, building and improvement, finance, and landlord tenant matters.

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Mr. Kramer is admitted to practice before all courts in the State of California, the United States Supreme Court and the United States Court of Military Appeals. Mr. Kramer has tried in excess of 200 instances. He has appeared on nationally televised programs concerning pre-trial process and trial strategy and has appeared as a guest lecturer on topics ranging from constitutional law to trial practice, and Mr. Kramer frequently lectures on a broad spectrum of numerous legal and company concerns.

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Mr. Kramer also serves as a Judge Pro Tem for the Los Angeles Superior Court and as a Mediator.

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Mr. Kramer is also a previous president of the Los Angeles West Inns of Court, a national organization committed to bringing professionalism and civility back into the legal profession. He also serves on quite a few Boards of Directors and serves as an officer in several companies. For much more info get in touch with (818) 224-3900 or check out http://kramer-kaslow.com

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Corporate Whistle Blower Center Urges Bank FHA & VA Loan Originators Servicing Appraisal or Underwriting Whistleblowers with Proof of Fraud to Step Forward-Enormous Rewards


(PRWEB) March 05, 2012

The Corporate Whistle Blower Center is urging bank, mortgage banking, bank originators, or loan servicing insiders to step forward for potentially multi million dollar rewards, if they possess significant,and substantial proof of any variety of important appraisal fraud, or key wrongdoing involving FHA, VA, Fannie, or Freddie mortgages. The groups essential is focus is major bank managers, loan servicing insiders,or significant homebuilder mortgage managers, who knew about inflated appraisals for Fannie Mae, Freddie Mac, FHA, or VA mortgages, and nevertheless have the proof. The time frames are 2003-2008. The Corporate Whistle Blower Center Mortgage Whistleblower Initiative is seeking for the following kinds of whistleblowers:&#13

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On the mortgage origination side the Corporate Whistle Blower Center is seeking for key bank, mortgage banker, house builder mortgage managers, or insiders, who can prove their bank, or mortgage lender employer was committing appraisal fraud, as effectively as gouging borrowers on fees, or not complying with certain rules that govern Fannie, Freddie, FHA, or VA mortgages. &#13
On the loan serving side, The Corporate Whistle Blower Center is hunting for folks who possess important proof, their bank or loan serving organization employer was intentionally misapplying payments for principal, interest, and/or for reserves. The group is also hunting for bank, or loan servicing insiders, whose firm took federal money to do loan modifications, and instead of doing a loan modification the bank, or loan servicer did a foreclosure. No one ever checked the file. &#13
On the Wall Street side: The Corporate Whistle Blower Center is searching for insiders, who have been bundling, or packaging Mortgage Backed Securities, realizing full properly the mortgage backed securities ought to have been in no way given a A, a AA, or a AAA rating. The Corporate Whistle Blower Center says, “The Mortgage Backed Securities instances could reap rewards in the tens, and tens of millions of dollars, but the proof has to be substantial, and effortless to adhere to.”

The Corporate Whistle Blower Center says, “Once again, the wrongdoing has to be widespread, and the proof has to be important, and quite straightforward to see.” For a lot more data, bank or mortgage lender insiders or loan servicing insiders are encouraged to speak to the Corporate Whistle Blower Center anytime at 866-714-6466, or they can speak to the group via their net site at http://CorporateWhistleBlowerCenter.com

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Simple guidelines for a whistle blower from the Corporate Whistle Blower Center: &#13

Do not go to the government 1st, if you are a significant whistle blower. The Corporate Whistle Blower Center says, “Significant whistle blowers frequently go to the federal government pondering they will support. Its a massive mistake. Often government officials could care much less, or they are incompetent.” &#13
You must be the 1st particular person to present your details, and it has to be new data, not previously disclosed. &#13
Do not go to the news media with your whistle blower information. Public revelation of a whistle blower’s information could destroy any prospect for a reward. &#13
Do not try to force a government contractor, or corporation to come clean to the government about their wrongdoing. The Corporate Whistle Blower Center says, “Fraud is so rampant among federal contractors, that any suggestion of exposure may possibly result in an immediate job termination, or harassment of the whistle blower. We say, come to us first, tell us what type of info you have, and if we feel its sufficient, we will help find the proper law firms, to help in advancing your data.”

Any variety of insider, or employee, who possesses important proof of their employer, or a government contractor fleecing the federal government is encouraged to get in touch with to Corporate Whistle Blower Center anytime at 866-714-6466, or they can contact the group by way of their net web site at http://CorporateWhistleBlowerCenter.Com

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Scott Sawyer, EVP, BLC Servicing/Peak Loan Servicing to Be Panelist at USFN’s 2012 March Loan Management & Servicing Seminar in La Jolla, California

(PRWEB) March 09, 2012

Scott Sawyer, Executive Vice President, BLC Servicing/Peak Loan Servicing (http://www.peakservicing.com) will participate as a panelist for the “Managing Occupied and Unoccupied Properties” education session at USFN’s 2012 March Loan Management &amp Servicing Seminar in La Jolla, California.

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The assembled panel convenes on March 15th at the Hilton La Jolla Torrey Pines and will cover how the Safeguarding Tenants at Foreclosure Act impacts the mortgage service community’s effectiveness in mitigating risk as nicely as proper communication protocol in between servicers and tenants, and the sorts of responses and litigation linked with occupied properties.

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Sawyer, with over seventeen years of default mortgage experience, is responsible for all loan servicing from origination to foreclosure or payoff for BLC Servicing/Peak Loan Servicing. He manages payment processing, loss mitigation, foreclosure and bankruptcies as effectively as handles investor reporting and investor account reconciliations while managing employees for all areas of servicing.

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A noted specialist in mortgage loan servicing operations with an emphasis on default loan servicing, Sawyer has been a guest speaker for the UTA and a former panelist for the USFN default seminar, CMBA conference and Fidelity/Peak conferences. He has been featured in Broker Agent Magazine for his operate with loss mitigation and short sales.

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BLC Servicing/Peak Loan Servicing is one of the entities in the Peak Corporate Network headquartered in Woodland Hills, California. In addition to loan servicing, the Peak Corporate Network entities supply mortgage lending, genuine estate brokerage and escrow services, short sale services, foreclosure services, industrial loan modifications and 1031 exchange services. For a lot more data, check out http://www.peakcorp.com

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The Peak Corporate Network is a brand that represents a group of related separate legal entities, each and every supplying its distinctive set of actual estate solutions.

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Find Far more Loan Modification Services Press Releases

The Collingwood Group Announces Mortgage Industry Conference Get in touch with On the Subject of FHA Servicing Compliance

Washington, DC (PRWEB) March 29, 2012

The Collingwood Group (Collingwood) is pleased to announce its second in a series of industry conference calls – FHA Servicing Compliance, being held on Thursday, April 12, 2012.

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This get in touch with will concentrate on FHA servicing compliance including how FHAs Top quality Assurance Division conducts on-website servicing compliance reviews and the sanctions they could request for violations of FHA specifications. As an example, requests for indemnification are not exclusively for loan origination violations but can also be levied against servicers. Senior consultants from Collingwoods Danger Management and Compliance Division will go over these topics and other typical findings from the QAD compliance reviews, as well as the loss mitigation waterfall and what documentation you want to retain to be compliant.

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There are many applications in spot – which are in truth mandated by FHA – to support mitigate losses, beginning with early intervention to aid market house retention, moving by means of different measures and alternatives like loan modification, and going all the way to foreclosure, when essential, said Brian Montgomery, Collingwood Group Chairman and former FHA Commissioner. How servicers can – and ought to – deal with these circumstances will be the principal focus of this market contact, with a purpose of offering details that is timely, insightful, and beneficial.

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The get in touch with, offered at no price to participants, will be led Brian Montgomery, who will moderate a discussion amongst Karen Garner, Collingwood Group Managing Director and former HUD compliance manager, and Earl Greer, Senior Consultant for Collingwood and former Field Monitor for FHAs Top quality Assurance Division.

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FHA has improved the number of on-website evaluations at servicers over the past many years. It is not unusual for a servicer with years of organization to be experiencing their initial FHA servicing overview, stated Garner. With elevated emphasis on servicing compliance by FHA, the CFPB, OCC and other regulators, now is the time to guarantee that you know what to count on and have policies and procedures in spot to minimize the risk to your firm.

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Collingwoods Danger Management and Compliance Division is sharing info on an ongoing basis with Collingwood clients and other sector colleagues. Its very first call FHA Enforcement: Myths, Misconceptions and Facts, focused on FHA Enforcement, Top quality Assurance and Inspector General testimonials, and the Mortgagee Evaluation Board. A summary of that call is accessible on Collingwoods web site at http://www.collingwoodllc.com.

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About The Collingwood Group&#13

The Collingwood Group (http://www.collingwoodllc.com) is a Washington, DC-based organization advisory firm focused on increasing consumers companies, promoting revenue development and increasing investment returns. The firm is led by Chairman Brian Montgomery, former Assistant Secretary for Housing and Federal Housing Commissioner, and Vice Chairman Joe Murin, former President and CEO of Ginnie Mae. Both played main roles in the federal governments efforts to address the nations financial crisis and restore stability and liquidity to economic markets. The firms expertise spans all aspects of Agency, non-Agency and FHA/VA housing financing programs Ginnie Mae securitization activities domestic and international secondary market activities and issues main and particular servicing full asset lifecycle vendor and talent management and all components of portfolio due diligence, acquisition, home management and asset disposition.

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Visit http://www.directeventreg.com/registration/occasion/64180522 for additional info on The Collingwood Groups April 12, 2012 conference call FHA Servicing Compliance or to register for the get in touch with.

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Find Far more Loan Modification Services Press Releases

Corporate Whistle Blower Center Now Urges FHA-VA Mortgage Originators Servicing Appraisal or Underwriting Whistleblowers with Proof of Fraud to Step Forward – Large Rewards


(PRWEB) April 03, 2012

The Corporate Whistle Blower Center is urging bank, mortgage banking, bank originators, or loan servicing insiders to step forward for potentially multi million dollar rewards, if they possess significant,and substantial proof of any kind of substantial appraisal fraud, or key wrongdoing involving FHA, VA, Fannie, or Freddie mortgages. The group’s crucial is concentrate is main bank managers, loan servicing insiders, or key homebuilder mortgage managers, who knew about inflated appraisals for Fannie Mae, Freddie Mac, FHA, or VA mortgages, and nevertheless have the proof. The time frames are 2003-2008. The Corporate Whistle Blower Center Mortgage Whistleblower Initiative is hunting for the following kinds of whistleblowers: &#13

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On the mortgage origination side the Corporate Whistle Blower Center is seeking for key bank, mortgage banker, house builder mortgage managers, or insiders, who can prove their bank, or mortgage lender employer was committing appraisal fraud, as well as gouging borrowers on fees, or not complying with certain guidelines that govern Fannie, Freddie, FHA, or VA mortgages. &#13
On the loan serving side, The Corporate Whistle Blower Center is hunting for folks who possess substantial proof, their bank or loan serving firm employer was intentionally misapplying payments for principal, interest, and/or for reserves. The group is also looking for bank, or loan servicing insiders, whose firm took federal funds to do loan modifications, and alternatively of performing a loan modification the bank, or loan servicer did a foreclosure. No one particular ever checked the file. &#13
On the Wall Street side: The Corporate Whistle Blower Center is hunting for insiders, who were bundling, or packaging Mortgage Backed Securities, understanding full well the mortgage backed securities ought to have been in no way offered a A, a AA, or a AAA rating. The Corporate Whistle Blower Center says, “The Mortgage Backed Securities circumstances could reap rewards in the tens, and tens of millions of dollars, but the proof has to be substantial, and easy to stick to.”

The Corporate Whistle Blower Center says, “Again, the wrongdoing has to be widespread, and the proof has to be significant, and quite easy to see.” For much more data, bank or mortgage lender insiders or loan servicing insiders are encouraged to make contact with the Corporate Whistle Blower Center anytime at 866-714-6466, or they can make contact with the group via their web internet site at http://CorporateWhistleBlowerCenter.com

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Simple rules for a whistle blower from the Corporate Whistle Blower Center: &#13

Do not go to the government initial, if you are a main whistle blower. The Corporate Whistle Blower Center says, “Significant whistle blowers frequently go to the federal government thinking they will assist. Its a huge error. Often government officials could care less, or they are incompetent.” &#13
You need to be the very first particular person to present your data, and it has to be new data, not previously disclosed. &#13
Do not go to the news media with your whistle blower details. Public revelation of a whistle blower’s info could destroy any prospect for a reward. &#13
Do not try to force a government contractor, or corporation to come clean to the government about their wrongdoing. The Corporate Whistle Blower Center says, “Fraud is so rampant among federal contractors, that any suggestion of exposure may possibly outcome in an immediate job termination, or harassment of the whistle blower. We say, come to us very first, tell us what sort of information you have, and if we think its enough, we will aid find the proper law firms, to help in advancing your info.”

Any variety of insider, or employee, who possesses important proof of their employer, or a government contractor fleecing the federal government is encouraged to make contact with to Corporate Whistle Blower Center anytime at 866-714-6466, or they can speak to the group by means of their web site at http://CorporateWhistleBlowerCenter.Com

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California Case Alleging Negligent Servicing by Ocwen Survives Initial Stages of Litigation.


Roseville, CA (PRWEB) July 10, 2012

UFAN Legal Group, Pc (UFAN) won an crucial victory recently in its suit against Ocwen Loan Serivicing, LLP (Ocwen). The lawsuit survived demurrer filed by Ocwen and the case is now expected to either settle or move forward to trial.

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UFAN filed its complaint against Ocwen on February 9, 2012 in Alameda County Superior Court (case quantity RG12616583) on behalf of borrowers whose loans are serviced by Ocwen. The case targets Ocwens alleged damaging servicing practices, which includes the banks improper handling of mortgage modifications. The case was amended on May 2, 2012.

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On June 28, 2012, the Honorable Robert B. Freedman in the case ruled that Plaintiffs servicing claim was sufficiently plead and that the claim will proceed to trial unless the parties very first settle. Ocwen was given 30 days from the judgment to answer the complaint.

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Primarily based on the indications of each parties that settlement negotiations were ongoing, the judge has allowed 120 days just before the subsequent case management conference to allow the parties to attempt to settle the claims out-of-court.

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UFAN continues to fight for the rights of distressed property owners who have been allegedly injured by poor company practices of banks, and who have been left without having help from other government sponsored programs.

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If you believe you could have been injured by your lender or loan servicer, UFAN offers complementary attorney consultations to assist distressed property owners in assessing attainable alternatives for relief like, but not restricted to, litigation and bankruptcy.

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Click here to get in touch with UFAN.

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ABOUT THE UNITED FORECLOSURE Lawyer NETWORK

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UFAN Legal Group, Computer dba United Foreclosure Attorney Network (UFAN) is a Roseville, California-based law firm delivering mortgage litigation and other debt related legal services. The devoted attorneys and staff at UFAN function tirelessly to seek justice and fight for the rights of its clients. For far more data call toll totally free 1-866-400-4242.

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This release may constitute lawyer advertisement. Kristin Crone, Esq. is the lawyer responsible for this advertisement. The info in this release and on the UFAN website (ufanlaw.com) is for general info purposes only. Nothing at all in this release or on the UFAN web site need to be taken as legal advice. Prior successes are no guarantee of future efficiency. Litigation is inherently uncertain and results in litigation are never ever assured.

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Related Loan Modification Services Press Releases

Mortgage Loan Servicing Disaster – Why Homeowners Should Question Loan Servicers

Spring, Texas (PRWEB) August 08, 2012

Millions of property owners continue to struggle with their mortgage loan servicer in their attempts to prevent foreclosure. Even though numerous banks and mortgage loan servicers have been beneath scrutiny related to foreclosure robo-signing scandal, they have been very effective in camouflaging important internal problems from homeowners related to the ownership of the loan, payment applications, loan modifications, force placed insurance coverage, comfort costs, late charges, and credit reporting problems related to the servicing of mortgage loans.

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As a outcome, most homeowners grow to be confused or frustrated with communicating with their mortgage loan servicer in their attempts to preserve homeownership. In order for property owners to be effective in communicating and negotiating, the homeowner should be educated, prepared, and knowledgeable regarding the servicing practices of a mortgage loan servicer.

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Chris Wyatt, a former executive and insider at Goldman Sachs mortgage loan servicer, Litton Loan Servicing, has written a book The Dark and Frustrating World, offered at Amazon.com. The book provides beneficial insider info and guidance to homeowners on what to count on from their mortgage loan servicer. Far more importantly, the book gives homeowners with examples of how to interpret, recognize, and raise essential concerns that may possibly permit homeowners to save thousands of dollars or negotiate more favorable loan modification terms from their mortgage loan servicer.

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Mr. Wyatt is a 20 year veteran in the mortgage industry and founded Wyatt Consulting Services in 2010 for the goal delivering assessment, tips, and specialist witness solutions to property owners and their attorneys on all facets of the mortgage loan servicing industry. He has also written Drinking the Koolade, which gives insight into management choices created by Goldman Sachs throughout some of the most crucial years of the foreclosure crisis and appeared on MSNBC The Dylan Ratigan Show in May possibly 2011.

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