Tag Archives: Shows

Upbeat Minnesota Foreclosed Residences, Fannie Mae, Freddie Mac Q3 Report Shows Progress In Stopping Foreclosures

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Minneapolis, Minnesota (PRWEB) January 05, 2013

The Minnesota Foreclosure Prevention Q3 report states, “There had been 4,451 foreclosures in Minnesota in Q3 of 2012, down 10 % from Q3 of 2011. Although Metro foreclosures (down 12%) saw a greater drop than Higher Minnesota (down 7%), the relative relief was widespread, with the prime 10 counties in foreclosure seeing declines, year-over-year”. Although declines in Minnesota house foreclosures reflect a statewide trend over 20011 – 2012, the number of foreclosed houses are nonetheless historically high, upwards of 300% higher than foreclosure totals in years prior to the housing crisis.

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Lenders, who have frequently resisted erasing mortgage debt, are now forgiving millions of dollars in house loans. The distinction indicated in the Foreclosure Prevention Report has come from government incentives, political pressure, and a $ 25 billion settlement amongst 5 major lenders and 49 attorneys basic. “Property owners, feeling ‘stuck’ unable to sell their residence before they can get a new one, are properly locked out of the housing market. Five years into the housing recession, theyre also more likely to think about the drastic move of walking away from their mortgage, adding to shadow inventory,” says Jenna Thuening, owner of Property Location.

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Highlights in the Minnesota Foreclosed Properties Q3 Report show powerful and steady progress&#13

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Twin Cities foreclosed residences in 2011 Q3 totaled 2,969&#13

Twin Cities foreclosed houses in 2011 Q3 totaled 2,615&#13

Twin Cities foreclosed houses down 11.9%&#13

31 counties reported far more foreclosed residences and 58 counties showed fewer foreclosed homes

Encouraging news released January three by the Federal Housing Finance Agency (FHFA) that Fannie Mae and Freddie Mac completed much more than 134,000 foreclosure prevention actions in the third quarter of 2012.

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Leading Points In TheFHFA Foreclosure Prevention Report:

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1) Year-to-date, Fannie Mae and Freddie Mac have helped property owners by facilitating roughly 411,000 foreclosure prevention actions.

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two) Almost 38,000 quick sales and deeds-in-lieu of foreclosure had been completed in Q3 of 2012, up 4 percent over Q2.

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three) 45 percent of struggling residence borrowers who received loan modifications in the third quarter reduced their monthly payment by over 30 %.

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four) Much more than a single-third of loan modifications completed in the third quarter integrated principal forbearance. NOTE: see explanation that principal forbearance is not the very same as principal reduction.

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five) The number of the Enterprises delinquent borrowers has declined 9 % since the beginning of 2012.

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six) REO inventory continued to decline as property dispositions outpaced house acquisitions in the course of the third quarter. An REO (Genuine Estate Owned) is a home that goes back to the mortgage firm right after an unsuccessful foreclosure auction and are typically in poor condition.

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To help stabilize the housing industry, proponents of principal reduction argue that each home owners and lenders are far better off avoiding those defaults. The recent National Mortgage Settlement between 49 states, numerous federal agencies and 5 big banks is hoping to market the practice by providing those lenders with incentives to reduce loan balances, says Thuening. Home Location sees the following techniques foreclosure prevention actions effect home owners:

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House Forfeiture Actions

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1) Brief Sales&#13

two) Deeds-In-Lieu of Foreclosure

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Home Retention Actions

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1) Forbearance Plans&#13

two) Repayment Plans&#13

3) Loan Modifications

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Calculated Threat explains what this term ‘principal forbearance’ actually means. What the FDIC apparently implies by ‘principal forbearance’ is not what most men and women think they mean by ‘principal reduction’. Nonetheless, with the principal, what the FDIC is performing is not forgiving principal but providing an interest-totally free forbearance of repayment of part of the principal. This indicates that the actual principal amount due and payable at maturity of the loan (or sale of the home) is the original unmodified principal quantity, much less any and all periodic principal payments the borrower makes until maturity or sale.

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Quick sales and deeds-in-lieu spare the home owners from the foreclosure method. Even so, they still have to leave their properties and that is traumatic for the homeowner. “The preferred outcome is to preserve property owners in their houses, if attainable, with a permanent principal reduction. Housing and Urban Development (HUD) Secretary Shaun Donovan mentioned his agency wants to encourage much more principal write-downs to keep people in their properties, even when those loans are backed by Fannie Mae and Freddie Mac,” according to a report in The Hill posted on March 4, 2012 titled Dems Raise Pressure on Fannie, Freddie Regulator to Create-down Mortgages. The Foreclosure Prevention Report for 2012 shows the dedicated efforts of Fannie Mae and Freddie Mac to that finish.

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Twin Cities homeowners may possibly get in touch with 612-396-7832 and ask for Property Destination’s assist to quit foreclosure and enjoy staying in your house.

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LoanSafeMods.coms New Video Review Shows How The REST Can Advantage Struggling Property owners

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San Diego, CA (PRWEB) March 29, 2013

LoanSafeMods.com has helped several struggling property owners to connect with the REST Report, a very helpful third celebration analytics tool that can support them to find solutions to their mortgage problems. One particular of the most significant benefits of employing this report is that it can support to speed up stalled modification applications.

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Several people uncover that when they try to apply for a mortgage modification, the process requires forever and can be very a hassle. Crystal, a homeowner who was struggling with her mortgage modification application, attests to this in a new REST assessment released by LoanSafeMods.com.

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In her assessment, Crystal explains how she had been struggling for many months to get her loan modification authorized. She stated that every single time that she would submit her request she would get a telephone call from her bank telling her that she needed to submit new documents or resubmit the complete application since it had been lost.

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This was very frustrating for Crystal, as she in no way knew when she would be forced to leave her home due to the impending foreclosure she was facing if she could not get the modification. At one point she woke up in the morning to discover a Notice of Sale taped to her front door.

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Soon she was getting calls from realtors telling her that her only option was to settle for a short sale. People have been coming by to photograph her house and it was a extremely scary time for Crystal.

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Lastly Crystal found the REST Report through LoanSafeMods.com. She ran the report and was shocked to see that she in fact had a lot of more choices than what the bank was telling her she had. Now she had the self-confidence to resubmit her request with the REST Report attached.

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Inside a very brief time the application was finally approved and Crystal was able to get the modification that she needed so that she could keep up with the payments on her home. Crystal says in her REST assessment:

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If you believe youre losing your property everythings going down the drain. You dont have a spot to reside, everythings uncertain, you dont know what tomorrows going to bring. But when I had the report in my hand I knew that every little thing would be okay.

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After the modification was approved, Crystals monthly payments went down from $ 1,700 to $ 728. She is quite happy that she discovered the REST Report and was capable to keep her property. She knows that acquiring the quick approval from her bank is not one thing that she could have done on her own, and she is really thankful for all the aid that the REST Report group gave her in her time of need.

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She ends her assessment by saying:

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If I can give property owners any advice it would be to take the suggestion and get the house income evaluation done. Theres no danger absolutely no risk. Get it done! See what it can do for you. It worked for me!

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For much more information on how the REST Report works and how it can support advantage property owners who are getting a challenging time creating their payments or are facing foreclosure, please pay a visit to LoanSafeMods.com.

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As Foreclosure Filings in Maryland Rise, a Complimentary Report Shows Distressed House Owners How They Can Go from Foreclosure to Freedom

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Baltimore, MD (PRWEB) March 29, 2013

As lately by reported by James Briggs of the Baltimore Business Journal, Foreclosure filings in the state of Maryland rose .33% and pushed The state of Maryland into the leading 10 states with the highest Foreclosure rate.Baltimore Short Sale Realtor Dan McDevitt has released a complimentary report to aid Maryland Property owners facing foreclosure.

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For home owners in danger of losing their home to foreclosure, it is widespread to really feel alone and as although there is no aid. In Baltimore, Maryland, homeowners in this circumstance are discovering relief thanks to a devoted agent trained especially to assist distressed property owners.

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There are a lot more folks who discover themselves in this predicament than many understand, says Baltimore Brief Sale Realtor Dan McDevitt with Remax Initial Choice When they realize they arent alone and that there are options, its like a entire new globe opens up for them.

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There are a quantity of approaches in which homeowners may steer clear of foreclosure, even if they are late on their payments. Loan modifications, in which the bank alterations the terms of the loan so that it is more affordable mortgage forgiveness, in which the bank agrees to get rid of some or all of the quantity owed or brief sales, in which the bank agrees to sell the property for significantly less than the amount owed, are just some of the alternatives obtainable. There are also several Government Applications obtainable to distressed Property Owners.

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As a Certified Distressed Property Expert

LoanSafeMods.com Shows Effectiveness Of The REST Report With Actual Examples Of Modification Application Results

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San Diego, CA (PRWEB) March 27, 2013

LoanSafeMods.com gives the REST Report to these who are looking for foreclosure alternatives. The REST (Real Estates Solutions and Technologies Report) is a third party analytics report that shows home owners exactly what sort of loan workout programs they qualify for. This report can also be shown to banks and lending institutes to assist speed the processing of a loan modification request.

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The web site offers a number of beneficial tools to struggling home owners, like a cost-free house analysis and the benefit of not obtaining to spend until outcomes from the Report come back. This risk-totally free assessment has helped several homeowners to uncover options to their loan modification application troubles.

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A new video on the LoanSafeMods.com website shows real life examples of how the REST has helped to advantage homeowners by displaying them specifically what they certified for and, far more importantly, displaying those holding their loans precisely how the numbers made sense and why it would be a far better notion to approve a mortgage modification than to foreclose on the house.

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One instance is from a loan held by Bank of America. The REST Report done for this homeowner calculated that, given the new terms of the modification that was certified for, the homeowner would have their month-to-month Principal, Interest, Taxes, Insurance and Association dues lowered from $ three,031.88 to around $ 1,855.67.

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The REST Report was sent in with the modification request and Bank of America approved the application. The calculated new payment was off by just 21 cents, with the bank approving the new payments at $ 1,855.88. All round the homeowner is now saving $ 1,176 every single month, $ 14,112 every year, and $ 554,664 general.

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Another property owner with a loan held by Bank of America ran a REST report and discovered that they qualified for the modification that they had been trying to get. The REST Outcomes projected that the new payment would be decreased from $ two,808.72 to just $ 1,547.00. The actual payment, when the application was approved, was $ 1,547.20 just 20 cents difference!

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Now this California homeowner saves $ 1,259 every single month, $ 15,108 every year, and will end up saving $ 604,320 over the course of paying for their residence. All this thanks to the REST displaying them precisely what modifications they qualified for and, much more importantly, precisely why they qualified.

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A third example is from a mortgage that is held by JPMorgan Chase &amp Co. This homeowner identified that they certified for a reduction in their month-to-month Principal, Interest, Taxes, Insurance coverage and Association dues payment by about $ 1,539.33. The new payments have been projected at $ 2,290.70 per month. The actual new payment per month turned out even less, at $ 2,215.48.

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Now this homeowner is saving $ 1,614 each month, for a total of $ 19,369 each and every year, and a lifetime savings of $ 752,193. And these are just a few of the examples of men and women who were in a position to turn their situations around and preserve their homes thanks to LoanSafeMods and the REST Report.

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The site also attributes a number of testimonial videos from real life people who had struggled with their mortgage payments and modification applications prior to discovering the REST. These evaluations and other tools for homeowners can be found on LoanSafeMods.com.

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New Video Review On LoanSafeMods.com Shows Homeowners Who Benefited From Utilizing The REST Report

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San Diego, CA (PRWEB) April 21, 2013

A new video review on LoanSafeMods.com shares the stories of a number of homeowners who were able to use the REST Report to save their homes. The REST Report (Real Estate Services And Technology Report) is a trusted third party analysis tool that helps to show all possible foreclosure alternatives to homeowners and loan servicers.

The new REST video review features testimonials from homeowners who were struggling with their mortgage modification requests before they found the REST Report. Many of these individuals tried unsuccessfully to deal with their banks for months or even for several years.

After hitting roadblock after roadblock from their loan servicers, they were on the verge of giving up. Luckily these individuals found the REST Report through LoanSafeMods.com and this drastically changed their situations. After facing the ordeal of dealing with unhelpful bank employees, getting the full service provided by the LoanSafeMods team of homeowner advocates was a very welcome change for these struggling property owners.

With the results from the REST Report, these individuals were able to get the modifications that they had been fighting to get for so long after just a few short months or even just a few weeks. These modifications allowed the homeowners to keep their homes as they were finally able to manage their monthly mortgage payments.

Ron, an EMT and single father from San Diego, California, was able to keep the home his eldest daughter was born in thanks to a HAMP modification that lowered his principle by more than $ 350,000 and cut his monthly payments in half.

Crystal, another San Diego homeowner who lost her fianc

Apollo Financial Group Shows How Principal Forgiveness Can Work for Fannie Mae

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Miami,FL (PRWEB) May 15, 2013

Distressed debt investment experts, Apollo Financial Group demonstrate how Congressional Budget Office plan to cut home loan balances could work for Fannie Mae and Freddie Mac.

Apollo has been purchasing, selling and modifying distressed mortgage debt, creating win-win solutions for parties on both sides of the issue, and generating attractive yields for investors, while helping to ease the current burden facing U.S. taxpayers.

New debates are being fueled by the May 2013 release of a new Congressional Budget Office (CBO) report supporting the Treasury Departments push to force Fannie Mae and Freddie Mac to embrace principal forgiveness for home loan borrowers. The Federal Housing Finance Agency (FHFA) that regulates Fannie and Freddie has so far resisted the move, but this could change with President Obamas nomination of Rep. Mel Watt as the new head of the agency.

Coverage of the debate on the Wall Street Journal blog on May 6th, 2013 highlights the FHFA stance, whom has repeatedly argued that principal reduction of mortgage balances does not justify the costs and promotes moral hazard; encouraging more borrowers to strategically default on their loans.

Backing up the Treasurys proposed program, the CBO report identified significant government savings from allowing principal reduction on Fannie Mae and Freddie Mac loans. Depending on the exact execution of the initiative the report estimates the government could save almost $ 3 billion.

Government savings in the billions of dollars range could clearly provide significant potential relief for taxpayers as it trickles down and reduces the need to raise taxes further.

While the debates rage and decisions continue to be delayed New York based, Apollo Financial Group has already been proving that principal reduction can work for both note holder and borrower. As a substantial buyer of non-performing notes, Apollo makes it work as the note holder by working out favorable outcomes with homeowners to resolve the default. Spokesman for the Wall Street distressed debt investment, Dean Anastos says the companys proprietary model has proven extremely beneficial for all involved, while delivering superior returns to investors.

In fact, homeowners enjoy double tax benefits from this form of resolution. Not only does the government avoid major losses that would need to be padded by increased taxes, but the individual borrowers involved dodge huge personal tax bills by accepting loan modifications with principal reductions prior to the expiration of the Mortgage Debt Forgiveness Act.

On the flip side Apollo also empowers investors to achieve attractive yields, fuel wealth building and help the wider economy by alleviating the burden on tax payers, by becoming distressed debt note buyers themselves and tapping into the channels and relationships the firm has developed. Some of the recent media coverage of the firms progress can be seen in this video.

Those interested in finding out more about how note buying works and how principal reductions can be profitable for note holders will find more information on Apollo Financial Groups website http://apollofinancialgrp.com, where dates and locations of upcoming live educational events on the subject can also be found.







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