Mortgage Scams up 36%: Stay away from These 7 Mortgage Traps by Author Walt Vieira

Albuquerque, NM (PRWEB) September 25, 2009

Walt Vieira “The Mortgage Rebel”, author of Mortgage Secrets six Measures To the Lowest Rate and Closing Charges… Assured! reveals what mortgage businesses do not want shoppers to know. These 7 suggestions will aid buyers save thousands of dollars.

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Shoppers need to be aware of the Loan Sharks lurking in the waters. Now more than ever consumers require to make positive they are dealing with the right mortgage organization and loan officer. Mortgage Fraud is not going away any time quickly. According to the FBI, Mortgage Fraud is escalating and there seems to be a correlation between fraud and distressed true estate markets, the number a single state being California. Scams consist of, Bait and Switch, Loan Modifications, and Foreclosure Rescues.

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“Sector personnel will really feel stress to discover alternative techniques to match the income they enjoyed during the actual estate boom years. Numerous will be prepared to conduct criminal activities to accomplish this purpose…” – FBI

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Avoid These 7 Mortgage Traps &#13

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The No. 1 question buyers need to be asking — just before they decide on a mortgage organization.&#13
No matter whether you must adhere to your realtor’s guidance relating to home financing.&#13
Paying for a Loan Modification Upfront&#13
The Take Away &#13
The Bait and Switch&#13
Bad Credit Repair Business Scams&#13
The Low Rate Advertisement scam

Credentials: Walt Vieira :”The Mortgage Rebel” is a 12 year mortgage and real estate professional, President of Riverside Lending &amp Realty and Author of Mortgage Secrets 6 Measures To the Lowest Rate and Closing Fees… Assured! He has been a Fox Organization News Contributor and Funds Magazine Contributor, and Great Day New Mexico. He has done national Tv interviews along with radio interviews across the nation.

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Availability: National by arrangement and by way of telephone

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Internet site: http://www.mortgagerebel.com

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Connected Loan Modification Press Releases

4 Merchant Advance Traps for Modest Organizations to Avoid


Vancouver, BC (PRWEB) June 05, 2013

Now seven years old, the Canadian merchant advance market has turn out to be a valuable supply of cash for thousands of tiny businesses across Canada. However, although this new alternative funding source is a step in the correct direction, the industrys unregulated landscape has resulted in business practices to be wary of, according to David Gens, CEO of Merchant Advance Capital. New financial products translate into new means to make income for monetary solutions companiesand some of those indicates can be abused, Gens warns.

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To support small company owners ensure they are dealing with a reliable merchant advance organization and are producing an informed choice conducive to extended-term achievement, Merchant Advance Capital gives 4 red flags business owners need to be wary of.

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1. Shady Re-advance or Leading-up Policy&#13

Some businesses in the merchant advance industry use re-advances as a way to juice income. This is quite crucial to realize from the viewpoint of the small company owner as it is best for a business owner to align with a company that can be there for the lengthy run and on reasonable terms.

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Here is how they do it. When you re-advance or best-up, you finish up refinancing your current remaining balance. In other words, you pay for the money twice. Make confident you are only paying a fee on the new income becoming advanced to you, Gens advised.

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2. Automatic Re-advances or Leading-ups&#13

Financing can be helpful for a businessbut only when it creates an chance and the enterprise owner is in manage. Some merchant advance firms automatically provide companies with further funds after a portion of the advance has been paid (normally buried in the fine print of an agreement). Via these automatic re-advances firms finish up owing increasingly a lot more alternatively of quickly and efficiently repaying an advance through sales.

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Plus, automatic re-advances are usually completed at a greater percentage price than the initial advance.

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three. Delayed Receipt of Sales&#13

For little businesses, daily money flow is crucial. Right after a busy weekend, shop owners want to restock inventoryand possessing to wait days to get cash from weekend sales (which would permit them to efficiently restock) can be frustrating and harmful to organization and sales.

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Some merchant advance organizations need firms to open a third-celebration lock-box or escrow account where sales go initial and the companies portion of sales are released a couple of days later. Other companies might supply split settlement, exactly where the credit card processing organization will split the sales (based on the withholding percentage of an advance) and the organization receives its portion directly from the credit card business. At the surface, split settlement could seem to solve the delay problem but it does not, according to Gens who warns that the additional administration place into splitting funds also results in a delay of up to a handful of days.

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We have noticed competitors lie about this to merchants and tell them there will not be a delay, and company owners locate out only right after theyve been funded. At that point its also late. With Merchant Advance Capital, there is by no means a delay in getting your sales, Gens said. The essential is to ask a lot of queries. Ask what the re-advance policy is. Ask if there could be a delay in getting funds. Ask for a distinct set of numbers if you have issues (perhaps you would choose a reduce withholding, or a larger amount up-front and so on.)

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4. Not Accredited&#13

When picking a merchant advance vendor, its important that the firm is accredited by the Much better Business Bureau. Accreditation indicates a organization has passed stringent criteria and doesnt have any unresolved complaints against their organization.

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To learn a lot more about the option small company financing from Merchant Advance Capital or to apply for the program, go to http://www.merchantadvancecap.com and chat with our friendly agents on-line. Also, keep up with the most current Canadian enterprise news and happenings with the companys weblog and subscribe to the common monthly publication, The Merchant Advisor.

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About Merchant Advance Capital: &#13

Merchant Advance Capital (MAC) is a Canadian owned and operated company headquartered in Vancouver, British Columbia that gives versatile financing options for Canadian little organizations. Their processes are fully automated and business owners have the choice to tie their payments straight to sales volumes, giving tiny firms exceptional money flow flexibility.

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Founder and CEO David Gens comes from a household of entrepreneurs and his preceding experience was in the private equity investment organization with CAI Capital Management Co. He launched Merchant Advance Capital to provide option financing to a wide variety of businesses including: restaurants, pubs, clothing stores, retail shops, comfort stores, professional corporations, coffee shops, auto repair shops, clinics, franchise operations, wholesalers, hotels, and many other individuals across Canada.

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