Toxic Mortgage Syndrome

Dallas, TX (PRWEB) January 22, 2009

As a freshly inaugurated Barak Obama takes the reins, every person wants to know how the Chief Executive plans to turn about the ailing U.S. economy. What is at the best of President Obama’s list and when will he act? “Without having a doubt, the first issue President Obama has to do is help the people who are acquiring tossed out of their homes left and appropriate due to foreclosure and he wants to act now,” says Reed Allmand, companion in Allmand &amp Lee, primarily based in Dallas, Texas.

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Allmand explains, “A broken economy will in no way be fixed as long as Henry and Harriett Homeowner have to spend two or 3 times the mortgage payment they can really afford. Unfortunately, there are nonetheless millions of Americans with subprime mortgages out there and the payments are forcing them out in the streets.”

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Indeed they are. According to CNNmoney.com, foreclosures have shot up much more than 81% in 2008, and a whopping 225% compared with 2006. And even with the moratoria on foreclosures by Freddie Mac and Fannie Could for the duration of Nov. 26, 2008 via January 31, 2009, foreclosures nonetheless climbed 17% in December over November.

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In 2008, there had been three.1 million foreclosure filings issued, and 861,664 families truly lost their homes.

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Allmand is convinced the Bankruptcy judges need to be allowed to modify mortgages by way of the courts. “What we have right here is an epidemic. The only way out of this is by keeping men and women in their properties and restructuring a mortgage payment they can reside with.”

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W. Reed Allmand is a Board Certified Customer Bankruptcy Lawyer and partner in the law firm Allmand &amp Lee. He has been practicing for 7 years and has handled a lot more than three,000 bankruptcy filings. He is also author of the book, “The Truth about Bankruptcy.” For the previous a number of months, Allmand &amp Lee has filed more than 200 bankruptcies per month. Allmand &amp Lee has law offices in Dallas and Hurst. To speak with Mr. Allmand or to schedule an interview, please get in touch with (214) 265-0123 or you can pay a visit to his internet site at http://www.allmandandlee.com

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


(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

Chinese Drywall Complaint Center Urges Florida Toxic Chinese Drywall Home owners to Use Their Inspection Service for Feasible Mortgage Aid


(PRWEB) April 28, 2011

The Chinese Drywall Complaint Center is attempting to help all current Florida homeowners stuck in a toxic Chinese drywall house obtain some meaningful aid from their bank, or loan servicing firm, with it really is toxic Chinese drywall inspection report. In the instance of existing Florida home owners, this report is designed to meticulously document the existence of toxic Chinese drywall in a property, or condominium, and then provide the homeowner with a second report related to remediation expenses, and linked charges. This, all in the hope the homeowner can acquire a dramatic loan modification, or forbearance agreement from their bank, or loan servicing company. The group says, “At this point it appears President Obama, and the US Congress are no shows, on the toxic Chinese drywall disaster, in Florida, and all other Gulf States. We believe our toxic Chinese drywall inspection service will be of excellent help to Florida home owners stuck in toxic Chinese drywall hell. At this moment we feel our inspection service is the ideal hope for Florida homeowners, who are stuck with toxic Chinese drywall to get any meaningful help, or help from their bank, or loan servicing organization.” For more info interested Florida homeowners can speak to the Chinese Drywall Complaint Center at 866-714-6466, or they can make contact with the group through their web web site at http://ChineseDrywallComplaintCenter.Com

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The Chinese Drywall Complaint Center is warning all home buyers to not acquire any Florida residence, or condominium without having a thorough inspection for toxic Chinese drywall. The group says, “Although toxic Chinese drywall may have been utilised in new residences in Florida from 2000, until late 2008, we are very concerned about house remodeling, and or far more importantly storm, or hurricane damaged residences in Florida. Translation-every thing is on the table, and every single residence, or condominium wants to be inspected for toxic Chinese drywall in Florida.” They say, “For property buyers from out of state, you want to ask your actual estate agent if they are conscious of toxic Chinese drywall. In the event they say-no never ever heard of toxic Chinese drywall-discover a new real estate agent. If a Florida property foreclosure has toxic Chinese drywall, our simplified report is developed to save the purchaser tens of thousands, or hundreds of thousands of dollars. Our simple inspection comes with a toxic Chinese drywall remediation price constructed into our valuation formula.” http://ChineseDrywallComplaintCenter.Com

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Essential Note: The Chinese Drywall Complaint Center says,”On the subject of toxic Chinese drywall remediation contractors in Florida we have endorsed JJ Staten Residences. We think their remediation protocol is the most sensible in Florida, for toxic Chinese drywall houses. Their protocol includes chemically treating the interior of the residence, and then chamber testing the wood, and concrete block to make certain the hydrogen sulfide is gone. Any person not carrying out this would be insane.” They say, “We appreciate everyone’s need to go cheap on a toxic Chinese drywall repair. However, if its not done right the 1st time, you will have to repeat the procedure over, and over once again. We say do it right the first time.” For a lot more data about JJ Staten Residences please get in touch with them at 800-481-1961, or make contact with them by way of their net web site at http://www.jjstatenhomes.com/.

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Chinese Drywall Complaint Center Now Calls No Extension of The Mortgage Forgiveness Debt Relief Act a New Nightmare for Homeowners Stuck in Toxic Chinese Drywall Hell


(PRWEB) December 03, 2012

The Chinese Drywall Complaint Center is now warning all property owners in Florida, Alabama, Mississippi, Louisiana, Southeast Texas, and Virginia who have a mortgage on a property that includes toxic Chinese drywall that if the Mortgage Forgiveness Debt Relief Act is not extended prior to midnight December 31st 2012, they will be taxed on any mortgage principal reduction provided by their bank, or mortgage lender related to a brief sale, a loan modification, a deed in lieu, or a foreclosure-as if it was ordinary earnings-if the mortgage principal reduction is done anytime in 2013, and the bill collector will be the IRS. The Chinese Drywall Complaint Center says, “President Obama has yet to show up to the toxic Chinese drywall disaster in Florida, the Gulf States, and Virginia, he has not mentioned the toxic Chinese drywall disaster 1 time in public, there has been no meaningful response from the US EPA, and unless the US Congress extends the Mortgage Forgiveness Debt Relief Act-NOW- property owners stuck in toxic Chinese drywall hell could get a gigantic IRS tax bill if they get any sort of mortgage principal reduction from their bank, or mortgage lender in 2013-if they do a brief sale, a loan modification, a deed in lieu of foreclosure, and or a house foreclosure. We are calling this the ultimate nightmare for toxic Chinese drywall home owners. Not extending the Mortgage Forgiveness Debt Relief Act would be a disgrace for property owners stuck in toxic Chinese drywall hell in Florida, the US Gulf States, and Virginia.” http://ChineseDrywallComplaintCenter.Com

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On the topic of disgraces, the Chinese Drywall Complaint Center considers the Knauf Tianjin toxic Chinese drywall settlement to be a disgrace as nicely. The group estimates among Florida, Alabama, Mississippi, Louisiana, and Southeast Texas there are at least one hundred,000 properties that include this particular type of toxic Chinese drywall-generally intermixed with US made drywall. The Chinese Drywall Complaint Center is deeply concerned that the so named Knauf Tianjin toxic Chinese drywall Court Settlement lacked transparency, there was no concerted effort to determine all impacted homes, or residence foreclosures-with the net result only about 5% of the homes in Florida, or the Gulf states will be repaired, or will participate in this settlement. The Chinese Drywall Complaint Center says, “So what occurs to the 95,000 properties, condos, or town houses not integrated in the Knauf Tianjin settlement? They become foreclosures, they get resold to new unsuspecting home owners, and as soon as the new homeowner discovers the residence has Knauf Tianjin toxic Chinese drywall-the house becomes a foreclosure all over once again. We are in the strongest terms feasible urging Judge Fallon of the Federal District Court of New Orleans to re-open the identification period for properties that contain toxic Knauf Tianjin Chinese drywall till at least June 1st 2013. Incorporated in this settlement should be banks, and taxpayer owned Fannie Mae. Why need to bank stockholders, and taxpayers get stuck with the cost of either bulldozing, or paying for a very rigorous remediation of a toxic Chinese drywall residence foreclosure in Florida, or any other US Gulf state?” http://ChineseDrywallComplaintCenter.Com

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The Chinese Drywall Complaint Center says, “One particular a lot more disgrace that requirements to be mentioned about Knauf Tianjin toxic Chinese drywall-if this certain type of toxic Chinese drywall is toxic sufficient to consume by way of a copper air conditioning coil in about a year in a Florida house-what is exposure to this variety of drywall performing to the well being of the folks who live in these residences?” http://ChineseDrywallComplaintCenter.Com

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(United States District Court-Eastern District of Louisiana MDL Case #2047)

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