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Property owners Customer Center Warns All US Homeowners About A Large Situation Facing Them On January 1st 2013 -AKA- The Mortgage Debt Forgiveness Tax Provisions – Help Wanted

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(PRWEB) November 13, 2012

The Property owners Customer Center is a single of the premier advocates for US property owners, and the group is warning issues are about to get considerably far more complex for the US housing market place, and all US property owners if the US Congress, and President Obama fail to extend the Mortgage Forgiveness Tax Provisions. With out an extension, borrowers who get reductions in mortgage principal next year in the procedure of a brief sale, loan modification, foreclosure, or deed in lieu of foreclosure would be hit with federal earnings taxes at their standard marginal rates on the amounts forgiven. The Home owners Consumer Center says, “The US housing marketplace needs stability. We do not think most present underwater US property owners realize that without this tax provision extension they, or their neighbors are about to get hit with what could be a gigantic federal tax bill, ought to they do a quick sale, a loan modification, or a deed in lieu of foreclosure-that involves a mortgage principal reduction in what they owe their mortgage lender. Without an extension of this bill, anytime following December 31st 2012, if a homeowner receives any sort of principal reduction from their mortgage lender-they are going to be taxed by the IRS on what ever the principal reduction was-as if it was earnings. Without having an quick extension of this legislation we worry the US housing marketplace gets much, a lot worse-not greater. How is that Forward?” http://HomeownersConsumerCenter.Com

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On March 1st 2012, CNN Funds wrote, “The number of property owners who have fallen underwater on their mortgages-owing a lot more than their properties are worth — climbed to 11.1 million in the last three months of 2011, a three.7% enhance. These in this upside-down position, also called adverse equity, represent 22.eight% of property owners with mortgages. The count rose from 10.7 million borrowers (22.1%) only three months earlier, according to a report from CoreLogic.” The Property owners Customer Center says, “Given that the re-election of President Obama has any person else noticed the lay off notices becoming described in the organization sections of many US newspapers? We have, and lay off notices, are not a very good issue for consumer self-assurance. What happens to the 22.8% of all US property owners, who are upside down on their mortgage when they all of a sudden understand if they do not walk away from their homes now-they may get taxed on a principal reduction in the future? Given the Fiscal Cliff our nation faces on December 31st 2012, everyone should be worried about the US Senate majority’s push for higher taxes on the quote wealthy, what this will imply to the fragile US economy, tiny firms, and US employment. Nonetheless, at this moment we are saying if the US Congress, and the Obama Administration do not wake up, and extend the Mortgage Forgiveness Tax Provisions now-we are going to have a truly big mess on our hands, and its going to begin long prior to December 31st 2012.” http://HomeownersConsumerCenter.Com

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Note from the Home owners Customer Center, “We know there are many US homeowners out there who do not really feel like homeowners who are upside down on their mortgages ought to get any breaks at all-we get that portion. Even so, the reality is if we have a new tidal wave of immediate deed in lieu of foreclosures-exactly where the homeowner sends their keys back to the mortgage loan servicing organization, all US home owners get hammered with reduce home values. We do not feel anybody in their correct mind would want that.” http://HomeownersConsumerCenter.Com

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LoanSafeMods.com: REST Report Video Critiques Assist Homeowners Determine If the REST Is The Right Decision For Them

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San Diego, CA (PRWEB) April 08, 2013

LoanSafeMods.com not too long ago released a quantity of REST Report testimonial videos that can aid struggling property owners to understand how this third celebration analysis tool can aid them to get the mortgage modifications that they want and deserve. The REST (True Estate Solutions and Technology) Report functions by running the monetary details submitted by the homeowner against the current information offered by all obtainable loan perform out applications such as the HAMP, HARP and other government and proprietary loan function out or mortgage modification applications.

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This aids the homeowner to see precisely what foreclosure options they have obtainable to them so that they can make the correct decisions when it comes to the future of their residences. It can also help to get stalled or delayed mortgage modification requests approved since it can also aid the lender or servicer to see how the numbers add up and why it would be a lot more beneficial to approve the modification than to foreclose the home.

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So far this report has helped thousands of families to remain in their homes and stay away from foreclosure by ensuring that they are treated fairly by their banks and loan servicers. A few of these success stories are now becoming shared through the assessment videos posted on LoanSafeMods.com. These videos function the stories of property owners who had struggled for months, or even years in a couple of instances, to get their mortgage modifications approved with out the aid of the REST Report.

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Every individual tells of how they have been on the verge of providing up prior to they identified the REST evaluation. This tool helped them to show their banks how they certified for the modifications that they had been requesting. In each and every case the bank or lender approved their requests just months following resubmitting them with their REST Reports attached.

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Mona and her husband, who practically lost the property they planned to retire to, have been granted a modification that reduce their month-to-month payments almost in half and permitted them to maintain their house.

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Linda, a single mother living in Oceanside with her daughter, lastly got her modification authorized right after struggling with the procedure for almost two years prior to finding the REST Report. She had her month-to-month payments cut by nearly $ 1,000.

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Crystal, who was living in fear since her bank issued a Notice of Sale on her house, was finally in a position to prove to her bank that she did in truth qualify for the modification she was searching for thanks to the REST. She now pays only $ 728 per month as an alternative of $ 1,700.

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Ron, an EMT living in San Diego with his two young children, struggled for a number of years to get a HAMP loan modification without success. Ultimately after finding the REST his modification was granted in a handful of brief months. He now pays about fifty % of what he employed to on his month-to-month payments and his principle was cut by more than $ 350,000.

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These are just a handful of of the good results stories from property owners who have utilized the REST report with their loan modification applications. For the complete evaluations and to discover out much more about how the REST Report performs, click right here.

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Corporate Whistle Blower Center Now Urges Banks Or Key Mortgage Servicing Insiders To Contact Them If They Have Proof Of Major Fraud Involving FHA-VA, Or Fannie Mae Loans

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(PRWEB) April 17, 2013

The Corporate Whistle Blower Center is now urging loan servicing insiders to step forward for potentially substantial rewards, if they possess proof of any sort of considerable fraud, or key wrongdoing involving the servicing of FHA, VA, Fannie, or Freddie mortgages. The group’s important is concentrate is loan servicing insiders, who have proof their business is allowing borrowers to default, robo signings, over billing the government for solutions by no means rendered, legal charges, for no legal solutions, mortgage files that had been never correctly dealt with, and so on. As lengthy as the wrong doing, or fraud is in the millions of dollars, and as extended as the whistleblower has substantial proof the Corporate Whistle Blower Center desires to hear about it, and a prospective whistleblower can call them anytime at 866-714-6466,

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The Corporate Whistle Blower Center Mortgage Whistleblower Initiative is also hunting for the following kinds of whistleblowers:&#13

On the mortgage origination side the Corporate Whistle Blower Center is looking for major bank, mortgage banker, homebuilder mortgage managers, or insiders, who can prove their bank, or mortgage lender employer was committing appraisal fraud, as nicely as gouging borrowers on costs, or not complying with distinct guidelines that govern Fannie, Freddie, FHA, or VA mortgages. &#13
On the loan serving side, The Corporate Whistle Blower Center is seeking for individuals 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 hunting for bank, or loan servicing insiders, whose company took federal funds to do loan modifications, and instead of performing a loan modification the bank, or loan servicer did a foreclosure. No 1 ever checked the file. &#13
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Crucial rules for a whistleblower from the Corporate Whistle Blower Center: &#13

Do not go to the government first, if you are a main whistle blower. The Corporate Whistle Blower Center says, “Significant whistle blowers frequently go to the federal government pondering they will help. Its a enormous error. Frequently government officials could care significantly less, or they are incompetent.” &#13
You have to be the 1st person to present your information, and it has to be new details, not previously disclosed. &#13
Do not go to the news media with your whistle blower data. Public revelation of a whistle blower’s details could destroy any prospect for a reward. &#13
Do not attempt 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 result in an instant job termination, or harassment of the whistle blower. We say, come to us very first, tell us what variety of details you have, and if we consider its sufficient, we will aid locate the appropriate law firms, to help in advancing your data.”

Any sort of insider, or employee, who possesses important proof of their employer, or a government contractor fleecing the federal government is encouraged to speak to to Corporate Whistle Blower Center anytime at 866-714-6466, or they can speak to the group by way of their net website at http://CorporateWhistleBlowerCenter.Com

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