(PRWEB) December 18, 2010
Analysis from Confused.com has revealed negative news for drivers searching for modifications from Father Christmas this year.
Tag Archives: Warns
Homeowners Customer Center Now Warns If The Congress Fails To Extend Mortgage Forgiveness Tax Provisions It Will Be A New Disaster For All US Home owners & The US Economy
(PRWEB) November 19, 2012
The Home owners Consumer Center is now warning that without a Congressional, and Obama Administration extension of the current mortgage debt forgiveness federal tax provisions for homeowners who do a loan modification, a short sale, a deed in lieu, or go by way of a foreclosure, and acquire a principal reduction in what they owe their lender anytime following December 31st 2012- the homeowner is going to get hit with a federal tax bill. The principal reduction received by the homeowner after December 31st 2012 will be treated as revenue by the US IRS. The Property owners Customer Center says, “We worry if the US Congress does not move quickly to extend the mortgage debt forgiveness tax provisions immediately, we could finish up with a stampede of US property owners walking away from their houses prior to December 31st 2012-with the net outcome reduced residential actual estate costs nationwide, that are brought on by a tidal wave of new residence foreclosures-or in this case deed in lieu of foreclosures. We’d call this a disaster, for the US housing markets, the US economy, and for all US property owners. We’d also get in touch with it a bipartisan should do-extend this now.” http://HomeownersConsumerCenter.Com

Important Note from the Property owners Customer Center:”Who need to be worried about Congress, and the Obama Administration failing to extend the Mortgage Debt Forgiveness Tax Provisions? Answer: All US property owners who owe a lot more on their property than it is worth, all US genuine estate agents, all US Certified Public Accountants, all US tax planners, all US bankruptcy attorneys, all US banks, or mortgage lenders, all investors that personal mortgage back securities, and all US property owners who recognize a sudden surge of millions of US home owners walking away from their properties in December of 2012 additional devalue the already challenging hit US residential actual estate markets.” http://HomeownersConsumerCenter.Com

On March 1st 2012, CNN Funds wrote, “The number of home owners who have fallen underwater on their mortgages-owing more than their properties are worth — climbed to 11.1 million in the final three months of 2011, a three.7% increase. Those in this upside-down position, also known as unfavorable equity, represent 22.eight% of home owners with mortgages. The count rose from 10.7 million borrowers (22.1%) only 3 months earlier, according to a report from CoreLogic.” The Homeowners Customer Center says, “Considering that the re-election of President Obama has anybody else noticed the lay off notices getting described in the enterprise sections of many US newspapers? What takes place to the 22.8% of all US homeowners, who are upside down on their house mortgage when they all of a sudden comprehend-if they never stroll away from their properties now-they may possibly get taxed on a principal reduction in 2013? At this moment we are saying if the US Congress, and the Obama Administration do not wake up now, 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 extended prior to December 31st 2012.” http://HomeownersConsumerCenter.Com





Connected Loan Modification Press Releases
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
(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

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

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





Homeowners Consumer Center Warns Millions Of US Citizens Who Have A Home Mortgage Worth More Than The Home’s True Value-Don’t Get Taken By A Loan Modification Scam
(PRWEB) July 16, 2012
The Homeowners Consumer Center is one of the premier homeowner advocates in the United States, and they are warning all US homeowners to be extremely cautious about cable TV ads suggesting help for millions of US homeowners seeking a loan modification, because they owe more on the home than it is worth. In one instance the Homeowners Consumer Center called one of the so called loan modification companies, and the firm wanted $ 795 up front for a do it yourself loan modification booklet. The Homeowners Consumer Center says, “If you call your bank, or loan servicing company they will send you loan modification self help information for free. Why pay for something your bank, or loan servicing company will provide you for free? If a homeowner is really serious about a loan modification we are urging them to only hire a licensed law firm, or attorney that knows what they are doing with respect to loan modifications. Do not try to do a loan modification without a law firm, or attorney in your corner.” http://HomeownersConsumerCenter.Com
Does the Homeowners Consumer Center have any suggestions as to what law firm might be able to help millions of US homeowners in all 50 US States? The answer is 100% Yes. In May of 2012 The Homeowners Consumer Center endorsed the law offices of M.E. Ludt for any US homeowner seeking assistance with a loan modification, mortgage workout, foreclosure defense, or pre-foreclosure related issues. The group says, “With so many non attorneys offering these types of services, we fear many desperate homeowners pay for something they never get. The Law Offices of M.E. Ludt consistently achieves significant results for homeowners seeking legal help with their mortgage, with a foreclosure, a mortgage workout, or with mortgage loan modifications throughout the US.” The Homeowners Consumer Center has endorsed the Law Office of M. E. Ludt because they deliver considerable results, and they have amazing capabilities for homeowners in all 50 states. The Homeowners Consumer Center says, “If a homeowner has verifiable income, if the homeowner qualifies for one of the MHA income/expense hardships, if the homeowner has received a mortgage default notification, if the homeowner is facing a foreclosure, or if the homeowner wants to negotiate better terms for their mortgage, there is a very good chance the Law Offices of M.E. Ludt can assist them.” For more information about the nationwide services being offered by the law firm of M E. Ludt please call 1-888-364-8844. http://MELudtLaw.us
Mortgage Fraud Examiners Warns: Beware Of The Latest Foreclosure Rescue Scam–Securitization Audits
(PRWEB) March 27, 2012
With many homeowners facing foreclosure and looking for help across America, many worthless services have cropped up with such promises as mortgage elimination or other foreclosure tactics that in some cases are patently illegal. One commonly advertised service is a Securitization Audit.
A number of companies have been pushing forensic loan audits, aka TILA/RESPA audits. Since knowledgeable attorneys and homeowners recognize these audits are basically useless, the “wolves in sheep’s clothing are now peddling, securitization audits.
Mortgage Fraud Examiners Founder Storm Bradford explains: The supposed reason given for a securitization audit is to determine the true owner of a promissory note. Allegedly, with this information, the homeowner can show a court that the party actually foreclosing on a mortgage is not the actual note owner.
However, securitization arguments like, show me the note, assignment, MERS, robo-signing, and so on, generally amount to nothing more than just stalling the inevitable–the homeowner getting booted to the curb. None of these hopeless arguments changes the essential fact; the Court in a judicial state MUST give relief and remedy to the lender or assignee, because the borrower breached the contract. And in a non-judicial states, the private trustee implements a private sale to a buyer without a judges involvement. Nobody ever looks at the issues raised by the securitization audit. So only the uninformed would think a securitization audit could be anything more than useless.
Moreover, if homeowners and their legal counsel really had doubts about who had the legal right to foreclose theyd file whats known as a interpleader action listing everyone who might have a claim, deposit their mortgage payment with the Court, and let the lenders and assignees fight it out. However you never see that, since defaulting homeowners and their counsel really dont care who has the right to foreclose, so long as its not THE bank foreclosing now. Its just about stalling, and lining the pockets of pretender defenders. http://www.veteranstoday.com/2012/03/21/mortgage-fraud-examiners-warns/
As a result, knowing who owns your note is like knowing the earth speeds through the universe at 67,000 miles an hour, its basically worthless information. Nonetheless, as a courtesy to homeowners they can call us and wed be more than happy to show them how to acquire information about the owner of their note for FREE.
Gregory Bryl, a foreclosure defense attorney practicing in Virginia and Florida, explains: most securitization audits that I have reviewed are inadmissible in a court of law; they contain a mere opinion of a layman without personal knowledge (direct experience) as to what happened with a particular mortgage note after closing. Why pay a securitization auditor when you can have your grandmother provide an opinion as to what happened with the note and have her sign an audit report? In reality, in about 95% of all cases, the information supplied by a securitization audit is either already publically available, or it is unavailable to either the homeowner or the auditor. Thus, where a homeowner genuinely lacks this information, an outsiders opinion (in contrast to the banks admission) is unlikely to help.
Thomas K. Plofchan, Jr., an attorney in Sterling, Virginia, who employs the services of Mortgage Fraud Examiners, adds: Ultimately, the only real issue is whether a proper lien has been created with the house as collateral. It is astonishing just how many legal errors, contract breaches, and frauds, can be exposed by a meticulous examination of the mortgage transaction.
Matter of fact, in two recent cases we were able to identify and establish evidence to show the deeds of trust were void. The end result for the homeowners was receiving their respective homes free and clear. So, its quite clear, a thorough examination of the mortgage contract is the ONLY proven method to uncover evidence that could affect the validity of the lien.
Attorneys Bryl and Plofchan, like many attorneys are exposing securitization audits for what they are basically worthless. http://www.nakedcapitalism.com/2011/05/new-homeowner-scam-mortgage-securitization-audits.html and http://mattweidnerlaw.com/blog/?s=securitization+audits&search=Search
Bradford concludes: Undeniably, the only established procedure for a homeowner to obtain financial compensation or their home free & clear is through an in-depth analysis of the mortgage transaction, to identify legal errors, contract breaches, tortious conduct, to include appraisal fraud; and then attacking the loan based on those findings. Regrettably, everything else is just wishful thinking or a scam. http://www.wvrecord.com/news/233771-quicken-loans-on-losing-end-of-3-million-predatorylending-
Mortgage Fraud Examiners is a project of Lex Consulting, LLC, for over 30 years, Lex Consulting has provided litigation support to attorneys, helping them break into new areas of practice, or providing specialized advice for complex cases requiring novel approaches to the law. Due to the housing crisis, Mortgage Fraud Examiners, a team of specially trained legal professionals, was created to provide borrowers and the legal community with comprehensive assistance to help them keep them in their homes.
Mortgage Fraud Examiners
Phone: 800-540- EXAM (3926)
http://www.mortgagefraudexaminers.com