Mark Archer's Blog

PEORIA ARIZONA SHORT SALE.. BEAT THE BANK ON THIS BEAUTIFUL HOME. LOTS OF ROOM WITH A POOL! 2908 SQ. FT. FULL ON BASEMENT...

Mark Archer (Realty ONE Group) — Fri, 23 Sep 2011 15:43:45 -0700

Mark Archer | Britannia Realty & Property Management LLC | (602) 332-4713

7772 W. LUDLOW, Peoria, AZ

MUST CALL OWNER PRIOR TO SHOWING. PLEASE CALL ME FOR CONTACT INFO. GREAT HOME, SHORT SALE LENDER APPROVAL REQUIRED.

4BR/3BA Single Family House

offered at $195,000

Year Built	1988
Sq Footage	2,908
Bedrooms	4
Bathrooms	3 full, 0 partial
Floors	2
Parking	2 Car garage
Lot Size	13,368 sqft
HOA/Maint	$0 per month

DESCRIPTION

WONDERFUL HOME ON HUGE OVERSIZED LOT. 4 BEDROOMS PLUS DEN, WITH FINISHED BASEMENT. 2 BEDROOMS PLUS BATHROOM IN BASEMENT, AND OTHER ROOMS ON MAIN FLOOR. LARGE OPEN FLOOR PLAN, WITH SPACIOUS EAT-IN KITCHEN. CUSTOMIZED KITCHEN CABINETS. GRANITE COUNTERTOPS PLUS KITCHEN ISLAND. FAMILY ROOM AND FORMAL DINING ROOM. UPGRADED TILE. 22 X 25 FT WORKSHOP/DETACHED GARAGE WITH 9 FT ROLLING DOOR. BEHIND WORKSHOP ARE 2 STORAGE BINS. R.V GATES ON BOTH SIDES OF THE HOUSE. PLENTY OF PARKING FOR ALL YOUR TOYS. SPARKLING POOL! NO HOA! EASY ACCESS TO 101-LOOP. MINUTES FROM CARDINAL STADIUM AND SPORTS COMPLEX, AND ARROWHEAD MALL. PLEASE NOTE: CALL OWNER BEFORE SHOWING. GIVE 1 HOURS NOTICE. SHORT SALE. NEEDS LENDER APPROVAL.

see additional photos below

PROPERTY FEATURES

- Central A/C	- Central heat	- High/Vaulted ceiling
- Walk-in closet	- Tile floor	- Family room
- Living room	- Bonus/Rec room	- Office/Den
- Breakfast nook	- Dishwasher	- Stove/Oven
- Microwave	- Granite countertop	- Basement
- Laundry area - inside

COMMUNITY FEATURES

- Garage parking

OTHER SPECIAL FEATURES

- FULLY FINISHED BASEMENT

- 4 BEDROOMS AND A DEN

- 2 BEDROOMS IN THE BASEMENT ALONG WITH 1 BATHROOM

- CUSTOMIZED KITCHEN CABINETS

- GRANITE COUNTER TOPS

- KITCHEN ISLAND

- FAMILY ROOM

- FORMAL DINING ROOM

- 2 RV GATES ONE ON EITHER SIDE OF HOUSE

- 22' X 25' WORKSHOP/DETACHED GARAGE WITH9' ROLLING DOOR

- 2 LARGE BINS FOR STORAGE

- NICE COOL POOL....

ADDITIONAL PHOTOS

Photo 1	Photo 1
Photo 2	Photo 3
Photo 4	Photo 5

Contact info:

Mark Archer

Britannia Realty & Property Management LLC

SA538039000

(602) 332-4713

For sale by agent/broker

Equal Opportunity Housing

Posted: Aug 24, 2011, 9:28am PDT

3 BEDROOM 3.5 BATH 1935 SQ. FT. HARDWOOD FLOORING. THIS HOUSE IS READY FOR YOU TO CALL HOME!!!

Mark Archer (Realty ONE Group) — Fri, 23 Sep 2011 15:03:10 -0700

Mark Archer | Britannia Realty & Property Management | (602) 332-4713

9561 W Monte Vista Rd, Phoenix, AZ

SPACIOUS HOME WITH HARDWOOD FLOORS, PLANT SHELVES, KITCHEN ISLAND AND PANTRY, CEILING FANS IN BEDROOMS AND LOFT...BEAUTIFUL HOME READY TO MOVE IN TODA

3BR/3+1BA Single Family House

$1,000/month

Bedrooms	3
Bathrooms	3 full, 1 partial
Sq Footage	1,935
Parking	2 dedicated
Pet Policy	Cats, Dogs
Deposit	$1,000

DESCRIPTION

CUL-DE-SAC SPACIOUS HOME WITH HARDWOOD FLOORS, PLANT SHELVES, KITCHEN ISLAND AND PANTRY, CEILING FANS IN BEDROOMS AND LOFT... 3bd 2.5ba Washer Dryer Range Dishwasher Disposal Master w/walk in closet Formal Dining Family Room Den/Office Vertical Blinds.

see additional photos below

RENTAL FEATURES

- Air conditioning	- Central heat	- Walk-in closet
- Hardwood floor	- Family room	- Loft layout
- Office/Den	- Dining room	- Dishwasher
- Refrigerator	- Stove/Oven	- Washer
- Dryer	- Laundry area - inside	- Yard
- Cable-ready

LEASE TERMS

One Year Min 1000.00 Deposit, Pet with 300.00 Deposit & Cleaning 300.00 Deposit ........ 500.00 ESCROW DEPOSIT TAKES IT OFF THE MARKET

CREDIT CHECK EACH ADULT 30.00

ADDITIONAL PHOTOS

Front	Photo 2
Photo 3	Photo 4

Contact info:

Mark Archer

Britannia Realty & Property Management

SA538039000

(602) 332-4713

Equal Opportunity Housing

Posted: Sep 14, 2011, 9:59am PDT

A GREAT SCOTTSDALE ARIZONA RENTAL.. THIS IS A MUST SEE!!!

Mark Archer (Realty ONE Group) — Fri, 23 Sep 2011 14:13:23 -0700

Mark Archer | Britannia Realty & Property Management | (602) 332-4713

14874 N 103rd St, Scottsdale, AZ

Nice Home on Corner Lot INCREDIBLE Mountain Views & City Lights Nice Size BackYard Den w/Murphy bed makes 4bd

3BR/3BA Single Family House

$1,850/month

Bedrooms	3
Bathrooms	3 full, 0 partial
Sq Footage	2,132
Parking	2 dedicated
Pet Policy	Cats, Dogs
Deposit	$1,850

DESCRIPTION

W"O"W Nice home on corner lot, Brisas floorplan. INCREDIBLE mountain views & city lights. Nice size back yard with plenty of shade trees and grass. Four Beddrooms with downstairs den has Murphy Bed in closet. Tile Downstairs, wood blinds thru-out. Large family room opens out to kitchen and eat-in area. Walk-in closets in master and second bedroom. 2 community pools within walking distance. A MUST SEE PROPERTY in the MCDOWELL MOUNTAIN RANCH

see additional photos below

RENTAL FEATURES

- Air conditioning	- Central heat	- Walk-in closet
- Tile floor	- Family room	- Office/Den
- Dining room	- Breakfast nook	- Dishwasher
- Refrigerator	- Stove/Oven	- Washer
- Dryer	- Laundry area - inside	- Balcony, Deck, or Patio
- Yard	- Cable-ready	- High-speed internet

COMMUNITY FEATURES

- Swimming pool(s)	- Sauna/Spa	- Tennis court(s)
- Golf course

LEASE TERMS

Security Deposit $1,850 Fully Refundable
Credit Check $30
Cleaning Deposit $300 Fully Refundable if clean
Pet Deposit $250 non refundable

ADDITIONAL PHOTOS

Photo 1	Photo 3
Photo 2	Photo 1
Photo 2

Contact info:

Mark Archer

Britannia Realty & Property Management

SA538039000

(602) 332-4713

Equal Opportunity Housing

Posted: Sep 21, 2011, 9:28am PDT

COMMERCIAL LOAN MODIFICATION

Mark Archer (Realty ONE Group) — Fri, 04 Jun 2010 20:49:38 -0700

WHOLESALE AFFILIATE OPPORTUNITY! FLAT FEE PROCESSING! COMMERCIAL LOAN MODIFICATION COMMERCIAL WORKOUTS SBA LOAN MODIFICATION HELP FOR COMMERCIAL REAL ESTATE PROPERTY OWNERS....

HAMP REPORT, SHORT SALE REPORT ENDORSED BY MANDELMAN MATTERS

Mark Archer (Realty ONE Group) — Wed, 28 Apr 2010 19:45:11 -0700

HAMP, HAFA. LOAN MODIFICATION, SHORT SALE

REAL ESTATE CONSULTING SERVICES

http://www.facebook.com/?ref=home#!/pages/Real-Estate-Consulting-Services/114844031867421?ref=sgm

Click the above link to visit me on Facebook. Read and Educate yourself on the Real Estate Market...

623-444-4498 623-444-4498

"THE REST REPORT"

ENDORSED BY:

MANDELMAN MATTERS

A Letter to Homeowners Written by Popular Columnist and Outspoken Homeowner Advocate, Martin Andelman of Mandelman Matters…

The simple fact is that I wouldn’t even consider applying for a loan modification until I knew whether or not I qualified for the government’s program.

The REST Report is the ONLY way you can know with certainty whether you qualify… or why you don’t. And because it’s generated by a version of the same software platform used by major banks and servicers, you know it’s accurate, and that is uses the most up-to-date decision analytics at all times.

I’ve looked at the others that claim to be able to qualify homeowners for HAMP, but the REST software platform is the only one that uses a version of the same software banks and servicers use, so it can tell you whether you passed the NPV test, as required by the U.S. Treasury, and if you didn’t pass it… why you didn’t.

I’ve never sold advertising on my site, or endorsed a product before, but after spending TEN MONTHS learning about and working with the REST platform, I’m could not be more serious when I tell you that I recommend that all homeowners order their own REST Report… it’s is a “game changer,” as they say… the real deal.

I wouldn’t even consider starting the process of getting my loan modified until I had my own REST Report, and I can’t imagine anyone wanting to pursue a loan modification without it. CALL Mark today and he will run your report today. 623-444-4498

Martin Andelman

Mandelman Matters

The fact is… up until now, no one could tell you with certainty whether you qualified for a loan modification under the government’s Home Affordable Modification Program, or HAMP.

The only way to find out has been to apply for your modification, make trial payments for months, and then hope against hope that you get approved. If after all those months you were told you didn’t qualify, you likely to found yourself losing your home, and often times with 30 days to move.

HAMP loan modifications require homeowners to enter into a “trial modification” phase prior to a permanent modification being granted. During the trial phase, homeowners make “trial payments,” but because trial payments don’t stop the foreclosure clock, if you’re declined for a permanent modification, the bank is free to sell the house at a trustee sale, which can occur within a matter of days.

The problem with the HAMP program is that, even though you qualify according to the published guidelines, you still have to pass the NPV test, and how you do that, is not available to the public.

Thousands of homeowners, believing that they are on their way to a loan modification that will allow them to avoid foreclosure, end up being told that they failed the NPV, and that the only difference between them and someone renting a house is that the person renting has more rights and is allowed more time to move.

Now the government says that homeowners won’t be allowed to enter trial modifications until their lenders or servicers have verified all supporting documentation. So, now a homeowner will be expected to spend all that time getting all of their documents together, submitting them to their bank… and then waiting for the bank to say yes or no? There has to be a better way.

"The REST Report… A Better Way to Pursue a Loan Modification"

THE REST OF THE STORY CONTINUES BELOW THIS AD....

SEE BELOW FOR THE REST OF THE STORY!!!

Home Loan Modifications, Short Sales and Automated Valuation Model

The REST Report allows homeowners to know with certainty whether they qualify for a HAMP loan modification, and what the terms of that modification would be, BEFORE they apply, so no one has to go trough the costly, stressful and/or time consuming process for nothing.

That’s why we say that the REST Report is the best thing to happen to loan modifications since, well… it’s just simply the best thing to ever happen to loan modifications.

Homeowners can use the REST Report by sending it to their lenders or servicers, along with their supporting documentation when they apply for a loan modification. It’s an 11-page report that uses your specific information and the most up-to-date NPV decision analytics… the same analytics that are used by the major banks and servicers to determine HAMP eligibility.

Others may claim that they can qualify you for HAMP, but no other system can duplicate what the REST Report shows, because no other system available to homeowners runs the most up-to-date NPV analytics, as required by the U.S. Treasury for the HAMP loan modification program.

With the REST Report you’ll have the knowledge and information you need to make more informed decisions.

A. First our trained specialists enter information about you and your mortgage into the REST loan disposition software platform. We make it easy by emailing you a checklist of what you need to have handy when you call, and your report will be emailed to you within a few hours.

B. The REST Report shows whether you qualify for HAMP, and what the terms of that loan modification under HAMP will look like. But that’s not all. Should you not qualify for HAMP, the REST Report will show you why you don’t qualify.

C. The report also qualifies homeowners for HAFA Short Sales, and shows the NPV, or Net Present Value, of numerous other foreclosure alternatives, such as a Flex Mod, an interest only alternative, along with other options.

D. With the REST Report, if you do qualify for HAMP, now you’ll know for sure. But just because you don’t qualify for a modification under the government’s HAMP program, does not necessarily mean that you can’t get your loan modified. Many lenders and servicers have in-house modification programs for which you may qualify.

E. Once you receive your report, one of our trained specialists will review what the report shows, so you’ll know what it says and how to use it. Once armed with the report and the knowledge of your options that comes along with it, you can start making smarter decisions right away. Why would anyone want to go through the modification process without it?

1. What is the REST Report?

The REST Report is an 11-page report that’s generated using specific information about you, your property and your mortgage, and the most up-to-date NPV decision analytics… the same analytics that are used by major banks and mortgage servicers… to determine eligibility for HAMP loan modification.

The REST Report allows you to know with certainty whether you qualify for a HAMP loan modification, and what the terms of that modification will be, BEFORE YOU APPLY, so you don’t have to go through the costly, time consuming and stressful process for nothing.

Others may claim that they tell you if you qualify for HAMP, but no other system can duplicate what the REST Report shows you, because no other system available to homeowners runs the most up-to-date NPV analytics, as required by the U.S. Treasury for the HAMP loan modification program.

2. How do I know the REST Report is accurate?

The REST Report is generated using a version of the same software platform that major banks and servicers use to determine HAMP eligibility, so as changes occur in HAMP’s decision analytics and program guidelines the system is updated concurrently.

Your REST Report is good for 90 days from the date it is generated, but that should be enough time to receive an answer from your lender when submitting the REST Report.

3. How can I use my REST Report?

Homeowners send a copy of their REST Report to their lenders or servicers, along with the required supporting documentation, when they apply for a loan modification.

If the REST Report shows that you qualify for a HAMP loan modification, you can be assured that you will qualify, assuming your lender follows the rules set forth in the HAMP guidelines for servicers.

4. What do I do if my lender denies my HAMP modification, though my report shows I’m qualified?

The first thing you should do if your lender refuses to grant your loan modification when your report shows that you are qualified for HAMP is contact your lender and make sure the numbers they’re using in their analysis match up with the numbers you submitted and are shown in your report.

Mistakes happen often, and if there’s a discrepancy that can be corrected, your lender will re-run the numbers and you should qualify.

If the numbers the lender is using do match up with the numbers shown in your REST Report, ask the lender to explain to you where their analysis differs from the one shown in your report. If the person you’re speaking to won’t tell you why you’ve failed to qualify, speak with their supervisor. Ask that person to explain why the bank is saying you’re not qualified, and tell him or her that you plan to escalate the matter as far up the chain as necessary, including reporting the lender or servicer to Freddie Mac if necessary.

It’s sad and shocking to some, but there have been cases where banks have simply refused to adhere to the rules set forth by the HAMP guidelines for servicers, which were published by the U.S. Treasury.

(JPMorgan Chase, for example, was recently sanctioned by the bankruptcy court for “producing false and misleading documents,” and Bank of America, on at least one occasion last year, foreclosed on a home on which they didn’t even hold a mortgage.)

If your bank is refusing to grant your loan modification even though your REST Report shows you as qualified, and they’re refusing to consider you for any in-house modification program, you may want to retain a licensed and qualified attorney to assist you in the negotiations with your bank.

Make sure the attorney checks with your bank to see if a sale date has been set, and if so, make sure he or she notifies the bank that there is a dispute and that you are therefore still in the process of applying for a HAMP loan modification. Banks are not permitted to foreclose while a homeowner is being considered for HAMP.

Although unlikely, it is possible that in the most extreme cases, it may be necessary to turn to the courts to settle such a dispute, and the REST Report can be invaluable evidence in such a proceeding. And just imagine what such a fight would be like without the REST Report, where you’d have nothing to show you’re HAMP qualified.

5. What if my REST Report shows I don’t qualify for HAMP?

To begin with, if you are not qualified for a HAMP loan modification, the REST Report tells you why you’re not qualified, and proposes some alternative terms helpful when applying for an in-house modification program. In-house loan modification programs are offered by many, but not all HAMP participating lenders and servicers.

Your REST Report can be invaluable when applying for a lender’s in-house program because your report will also show the Net Present Value (“NPV”) to your lender, of several alternative loan workout options. You may choose to hire a lawyer or other third party to help you obtain such an in-house loan modification, assuming that such a program is offered by your lender or servicer.

But remember… If your report shows that you are not qualified for HAMP, you avoid entering in to a long and costly trial period, and can apply directly for an in-house modification, assuming your lender or servicer offers such a program… or depending on what the report shows, perhaps make a different decision.

6. Does the REST Report guarantee that I will be approved for a HAMP loan modification by my lender or servicer?

No. No one can guarantee that a bank will agree to modify a loan, or do anything else for that matter.

But… submitting a REST Report showing you that you qualify for HAMP, along with your supporting documents, when applying for a loan modification improves your chances of being approved under HAMP, because the REST platform is a version of the same software platform used my major banks and servicers to determine HAMP eligibility.

And, when you have a REST Report, you have what you need to push back should your bank still refuse to modify your loan. Without it, it’s worth pointing out, you are essentially unarmed.

7. I’ve already applied for a HAMP loan modification and am still waiting to hear whether I’ve been approved for a permanent modification. Should I still consider ordering the REST Report? How will it help me?

Homeowners already in a trial modification, but still waiting to hear if they have in fact been approved for a permanent modification under HAMP, benefit from running their REST Report because with their report, they’ll know where they stand before hearing that they have been declined for some undisclosed reason.

Once a bank denies you for a loan modification they can move to sell your house quickly, and sometimes that means a matter of days. By knowing that you don’t qualify earlier in the process allows you to either talk with your bank about alternatives to the HAMP program for which you may be eligible.

Should no modification program be available to you for whatever reason, the REST platform also quialifies you for a HAFA short sale, the government’s latest short sale incentive program for lenders and servicers.

8. Who developed the REST software platform?

The REST platform is a version of the same software platform used by major banks and servicers. It was developed specifically for lenders and servicers participating in HAMP, it uses the NPV decision analytics, as required by the U.S. Treasury.

REST stands for Real Estate Services & Technology, a venture started by the same people that originally built, and still supply and update similar systems to banks and large financial institutions.

9. What is the “NPV Test,” as related to HAMP loan modifications? Does the REST platform use the same NPV required by the U.S. Treasury Department?

As stated in the HAMP Guidelines:

A standard NPV Test will be required on each loan that is in Imminent Default or is at least 60 days delinquent under the MBA delinquency calculation. This NPV Test will compare the net present value (“NPV”) of cash flows expected from a modification to the net present value of cash flows expected in the absence of modification. If the NPV of the modification scenario is greater, the NPV result is deemed positive.

If the NPV Test generates a positive result when applying the Standard Waterfall , the servicer is required to offer a Home Affordable Modification to the borrower.

If the NPV Test generates a negative result, modification is optional, unless prohibited under contract.

The U.S. Treasury Department’s most recent HAMP NPV Model (V 3.1) is currently only available to participating HAMP servicers. For this reason the model used by the REST Report, has certain variations. Although the REST Report is a proprietary model, based on the input provided by the borrower, the loan modification terms proposed in the REST Report, will fall within the allowable tolerances of the HAMP eligibility guidelines.

10. How do I know my bank will pay attention to the REST Report, as far as my being qualified for HAMP is concerned?

Actually, it doesn’t matter. You could submit a personal letter from Treasury Secretary Tim Geithner, and your bank would still follow the same process it always does with application for a loan modification.

When you apply for a loan modification without the REST Report, assuming you meet the basic eligibility requirements and pass the Standard Waterfall test, lenders and servicers enter the information you’ve provided into a spreadsheet or a software platform in order to run the NPV test, which is what verifies that what is being proposed is, in fact, HAMP compliant.

If the NPV test is positive, the lender is required to offer the homeowner a loan modification.

When you submit your REST Report, your lender will do the same thing they always do, and when the NPV test is run, the result your banks receives will match the result shown in your report… almost to the penny, which means you’ll be approved for the modification, assuming your bank is following the rules.

11. How do I use the REST Report in a mediation proceeding with my lender?

Some states now offer state assisted mediation programs to homeowners who are in default or at risk of foreclosure. The job of the state appointed mediators is to make sure that if foreclosure can be avoided, it is avoided.

The problem is that without the homeowner bringing to the negotiating table what is contained in the REST Report, mediators have little to, well… mediate. In simple terms, if all the homeowner has on his to help make his or her case are paycheck stubs and a tax return, the mediator is really dependant on the lender’s representative to propose alternative strategies to foreclosure.

With the REST Report, because it shows the Net Present Value to your lender of various alternatives, gives the mediator a lot more to discuss or the basis to challenge what the lender is or isn’t offering.

12. Are the modified payment terms of the HAMP modification shown in my report accurate?

Yes they are. The modified payment terms that are shown in your REST Report when you qualify for HAMP, are very close to the terms that will be offered by your permanent HAMP modification, sometimes they are literally pennies away.

13. What are the eligibility requirements for the HAMP program?

For a comprehensive presentation and discussion oif the HAMP eligibility requirements, please click on the link at the top of this ad and send me a message there or email me directly at realestateconsulting9@gmail.com .

14. Does everyone applying for a HAMP loan modification have to enter a “trial modification phase,” before being approved for a permanent modification?

Yes. There’s simply no way around it, if you apply for a HAMP loan modification, you’ll enter the trial modification phase for at least three months before finding out for sure whether you qualify for HAMP’s permanent loan modification.

Some homeowners report being in such trail periods for close to a year before they were turned down for failing to pass the NPV test.

Of course, there’s nothing wrong with being placed into a trial modification if you know for sure that you qualify… homeowner reports that it’s the uncertainty that drives them to distraction. With the REST Report, you’ll know what’s ahead so you can make more informed decisions in the best interests of you and your family.

15. Do I have to hire a lawyer or other third party to help me get my loan modified?

No, you most definitely do not have to hire anyone to help you get your loan modified, and in fact we often recommend that homeowners who purchase their REST Report, use the educational tools and Knowledge that we will supply for you to apply for your loan modification on your own and only consider bringing in an attorney third party in the event of a problem arising.

Of course, that being said… it’s really up to you. Not everyone is equally equipped to negotiate with a major financial institution over their mortgage when they are at risk of losing a home. For those individuals that wish to hire an attorney, or a third party we will refer you to PCAG.

PCAG has successfully negotiated many loan modifications, and other foreclosure alternatives. PCAG has been working with the loss mitgation departments of ALL the various financial institutions for over 15 years. They were doing loan modifications for homeowners and commercial property owners before the term "Loan Modification" was a household term at the dinner table.

16. Is it true that the government is now requiring banks to grant principal reductions as part of the HAMP loan modification program?

The government recently announced that lenders and servicers that participate in HAMP will now be “encouraged” to consider principal reductions, but it is too early to know how effective that encouragement will be. Principal reductions, while not unheard of, remain rare, with the government reporting that they make up approximately 10% of all HAMP modifications. That is something I take wit more than one grain of salt.

17. I recently heard that HAMP will now be offering some new assistance for unemployed borrowers. Is that true?

Yes, the government has recently announced that unemployed applicants to the HAMP loan modification program will be offered some additional help in the way of forbearances of payments for 90 day periods, in the hopes that they will find work in the time provided, but again, it is too early to know how this change to HAMP guidelines will manifest itself.

Check our “News” section at this link:

http://www.facebook.com/?ref=home#!/pages/Real-Estate-Consulting-Services/114844031867421?ref=sgm

18. What is included in my monthly gross income?

A borrower’s Monthly Gross Income (MGI) is the amount before any payroll deductions and includes wages and salaries, overtime pay, commissions, fees, tips, bonuses, housing allowances, other compensation for personal services, Social Security payments, including Social Security received by adults on behalf of minors or by minors intended for their own support, annuities, insurance policies, retirement funds, pensions, disability or death benefits, unemployment benefits, rental income and any other income.

19. Will I need to verify my income before being granted a trial or permanent loan modification?

Yes. If you qualify for HAMP, the lender/servicer will verify your income in a number of ways.

The borrower’s income will be verified by requiring a signed Form 4506-T (Request for Transcript of Tax Return) and obtaining the most recent tax return on file for each borrower on the note. For wage earners, the two most recent pay stubs for each wage earner on the note will also be required. For self-employed borrowers or for non-wage income borrowers, the borrower’s income will be verified by obtaining other third-party documents that provide reasonably reliable evidence of income. Borrowers must also represent and warrant that they do not have sufficient liquid assets to make their monthly mortgage payments.

20. What if I don’t want to accept the modified payment terms offered to me by the HAMP loan modification?

There is no question that, with real estate values still declining, depending on the terms of the existing mortgage, and the homeowner’s income, some borrowers have declined to accept the terms of a loan modification, preferring instead to move towards a short sale or even a deed-in-lieu of foreclosure.

And that’s one of the key advantages to running the REST Report… you not only know whether you qualify, but you also know the modified payment terms of that modification. You may not always like the answer, but we think you’ll agree that knowing is always better than the alternative.

21. My credit score has gone down significantly in the last couple of years. Does that mean I won’t get approved for a loan modification under HAMP?

No. Although the NPV formula does require your credit score, a low score by itself does not make you ineligible for HAMP.

22. What if I’ve filed bankruptcy or am in the process of filing bankruptcy? How does bankruptcy affect my obtaining for a HAMP loan modification?

Bankruptcy does not make you ineligible for a loan modification, however, different lenders have different policies as to when you should apply relative to a bankruptcy filing.

23. My home is seriously “underwater”. Can I still qualify for a HAMP loan modification?

Yes. Owing more than your home’s current appraised value, referred to as being “underwater,” does not disqualify you for a HAMP loan modification.

LOAN MODIFICATION

The term “loan modification” means a modification of the note such that the monthly payment is modified. A lower monthly payment can result from lowering or deferring the principal, lowering the interest rate, extending the term of the loan, or forgiving late fees or penalties. In most cases the interest rate and corresponding payment will go down for a period of five to 40 years.

http://www.facebook.com/?ref=home#!/pages/Real-Estate-Consulting-Services/114844031867421?ref=sgm

FOR MORE INFORMATION CLICK THE LINK ABOVE AND SEND ME A MESSAGE, OR CALL MARK 623-444-4498

PHOENIX - HOME LOAN MODIFICATIONS AND COMMERCIAL LOAN MODIFICATIONS - PHOENIX

REC is an attorney Based Home Loan and Business / Commercial Loan Modification Company.
We Help our clients: lower their payments, Extend the term of the note, Reduce the amount of the note they owe on.

REC a Real Estate Consulting Company. We are Authorized Affiliates of PCAG which is a group of Attorneys and Negotiators who will aggressively negotiate on your behalf.

With over 50 combined years of Attorney experience as Loss Mitigation Specialists and Attorney negotiators they are able to offer you the knowledge and expertise in processing your loan modifications whether it is Commercial, Residential, Small Business Loans or Student Loans.

Lower interest rate
Extend the term of the note
Reduce the amount of the note

If you answer YES to any of the below you may qualify for a modification;

You currently owe more than your property is worth
You are about to become or are currently delinquent on your loan(s)
Your income has suffered for any reason
Your interest rate is higher than 7%
You are currently in an Adjustable Rate Loan
You are currently in a Negative Amortization Loan

Fill out our contact form or call us today so we can help you Hold on Tight to Your Dreams!

CALL NOW AND LET'S GET STARTED TODAY! 623-444-4498 623-444-4498 623-444-4498 623-444-4498

PHOENIX - HOME LOAN MODIFICATIONS AND COMMERCIAL LOAN MODIFICATIONS - PHOENIX

AS SEEN ON MANDELMAN MATTERS WITH MARTIN ANDELMAN

WOW..... DID THEY REALLY FINALLY CATCH ON???

Mark Archer (Realty ONE Group) — Thu, 22 Apr 2010 16:36:57 -0700

They finally got it! And geeze, it took them long enough.

I wrote an article TWO YEARS AGO, titled "What Happened on Wall Street and Why," and it explained the factors the contributed to the unfolding crisis... no, not all the factors, for example I didn't go back to the origins of securitization, or regulatory changes that were made during the Clinton years, or look to lay the blame on Fannie and Freddie and the CRA (Community Reinvestment Act). Why? Because to do so would have been stupid and I don't do stupid.

Why would it have been stupid to cite those things, I hear some of you cry? After all, each of those factors did in fact contribute to the crisis in some way. Perhaps some had supporting roles, others talking parts, a few had cameos, and some were merely extras... but they were all in the movie, right?

Of course they were. But so were many other things, and I don't find it terribly useful to debate and discuss factors that, while contributing, did not contribute in a proximate cause sort of way, or contributed only in hindsight.

For example, some like to blame Alan Greenspan for keeping interest rates too low for too long, but this argument is kind of nutty, in my view, because while it may or may be true that interest rates helped fuel the real estate bubble from a demand perspective, low rates certainly didn't cause the crisis. To think that they did, would be like buying in when hearing General Motors blame cheap steel prices for their downfall. Remember, the banks could have used the low rates and favorable lending conditions to create quality, consumer friendly, sustainable mortgages, but they did not.

So, the Senate Investigation Committee, which began its investigation into the financial crisis over a year ago, has finally started holding hearings so the public can see and hear the outcome of their work, has finally figured out what did directly cause the crisis and when the crisis began... or I should say they've come closer than what's been published to-date in the mainstream media anyway.

As I've said what feels like a million times in a million different ways... it wasn't the borrowers, it was the banks, and what caused the crisis was that the banks broke the bond market... and it remains broken to this day. This wasn't a market correction. What we've endured, and continue to endure, was the result of criminal acts committed by Wall Street's finest. Someone should go to jail... and after watching the Senate hearings last week, I'm sure someone ultimately will.

I'm not saying that borrowers played no role in the crisis, they certainly did... we all did, in the sense that essentially all Americans have a tendency to take on too much debt. We use our credit cards too much, we load up on student loans more than we probably should, and in general... we probably just plain buy too much stuff. But to blame the crisis on borrowers is a bit like blaming flooding for the damage in New Orleans after Katrina. Yes, there was flooding to be sure, but I'm pretty sure that it was the hurricane that was the actual problem.

When? Well, my guess will be later this year and into next, because as I've also written on numerous occasions, this is a mid-term election year, and our elected representatives never look weak or lazy before heading home to campaign in their respective districts. The banks finest hour is over. After watching Washington Mutual's CEO get grilled by Senator Levin and the other members of the committee, the writing is on the wall and from here forward, while they may still have too much political power for my tastes, it's going to be all downhill.

A river, not a lake...

We've had our "Ferdinand Pecora moment," and things are going to be different going forward... always remember that in this situation, we're in a river, not a lake. The water we're standing in today won't be the same water we're standing in tomorrow, which is another way saying to homeowners and those involved in helping homeowners not to give up or resign yourselves to what's happened in the past.

Ferdinand Pecora was a lawyer during the 1930s, who became famous nationwide as a result of his cross-examination of one Mr. John Pierpont Morgan (JP to his friends) at the time unquestionably one the richest men in the world, if not the richest. During Pecora's cross-examination, among other things, it came out that Mr. Morgan had paid no income tax since 1929, while the rest of the country had fallen on, shall we say, very hard times.

As a result of this and other testimony the country became outraged at what the bankers had done to cause, and in response to the deep recession in which the nation found itself. The following year, the Glass-Steagall Act was signed into law by FDR, and there would be more regulation to protect consumers from the excesses of the financial services sector that would soon follow. It would be roughly seventy years before we'd need another Ferdinand Pecora moment to set things right once again.

So, what caused the meltdown that led to the foreclosure crisis, the credit crisis, and every other kind of crisis you want to add on that's kicked our economy to the curb these last couple of years? It was the bankers who fraudulently packaged mortgage-backed securities, also called bonds, with loans that were not high quality, and then stood by and watched them get rated AAA. When investors realized that they were holding bonds that had been improperly rated, they dumped them instantly, and overnight the bond market, and therefore the secondary mortgage market, froze solid overnight.

It didn't help that this happened at a particularly crummy time, as well. By July of 2006, the Fed had been concerned about inflation resulting from rising housing prices that was making Americans feel wealthier, and from rising oil prices, and it had raised rates 17 times in a row. And this caused the adjustable rate loans that were set to adjust... to adjust higher. The worst of the sub-prime loans started to default.

Banks, now unable to sell their loans in the secondary mortgage market, immediately started hoarding cash, and whether you wanted to refinance or originate a new mortgage, it was a very different world the day after that happened, than it was the day before. Houses stopped selling, and soon the owners of those houses started lowering their asking prices. Real estate had begun its freefall, and largely because the first loans to default were sub-prime and poorly underwritten sub-prime at that, no one realized just how far down that freefall would take us.

MEMORANDUM

To: Members of the Permanent Subcommittee on Investigations

From: Senator Carl Levin, Subcommittee Chairman and Senator Tom Coburn. Ranking Member

Date: April 13, 2010

Re: Wall Street and the Financial Crisis

The Financial Crisis. In July 2007, two Bear Steams offshore hedge funds specializing in mortgage related securities collapsed; the credit rating agencies suddenly downgraded hundreds of sub-prime residential mortgage backed securities; and the formerly active market for buying and selling sub-prirne residential mortgage backed securities went cold. Banks, mortgage brokers, securities finns, hedge funds, and others were left holding suddenly unmarketable mortgage backed securities whose value began plummeting.

Banks and mortgage brokers began closing their doors. In January 2008, Countrywide Financial Corporation, a $100 billion thrift specializing in home loans, was sold to Bank of America. That same month, one of the credit rating agencies downgraded nearly 7,000 mortgage backed securities, an unprecedented mass downgrade. In March 2008, as the financial crisis worsened, the Federal Reserve facilitated the sale of Bear Steams to lPMorgan Chase. In September 2008, in rapid succession, Lehman Brothers declared bankruptcy; AlG required a $85 billion taxpayer bailout; and Goldman Sachs and Morgan Stanley converted to bank holding companies to gain access to Federal Reserve lending programs.

Finally. I've waited two years to see the crisis understood by those in our government.

Was there a real estate bubble fueled by low rates and uber-easy credit? You bet there was. And did some segment of homeowners buy homes they should not have bought during that bubble? Darn right. Would we have had a market correction regardless of bonds and their ratings. Yep. And would badly underwritten loans have defaulted regardless? Uh huh.

But our situation today is not just a market correction. It's the result of bankers behaving badly. It's the result of Wall Street believing that financial innovation had reduced risk to such a degree that it was now possible to be "perfectly hedged". And it's about boundless greed operating in an essentially unregulated climate. It's not the fault of someone that refinanced their home in order to pull out some equity to pay for a child's education, or to remodel, or even to buy pair of jet skis and a flat screen.

My wife and I refinanced our home of 19 years in May of 2007, and after the refinance our loan-to-value ratio was 50%. We also took out an Option ARM loan, although we had never had any sort of adjustable loan before, and we did so because we were planning on selling the home within the next year or two. Besides, if rates did start to unexpectedly rise, we could always refinance to a fixed rate, right?

In May of 2007, our decision to refinance using an Option ARM seemed to be as close to risk free as I could imagine. What could possibly happen? Less than 90 days later, I saw what could possibly happen... a whole bunch of giant investment banks could defraud investors all over the world using trillions in bonds known as mortgage backed securities. And that, was not something I had seen coming. The market correction... yes. The wholesale destruction of the bond market... no sir.

What if our Option ARM were to recast, doubling our mortgage payment, and what if a member of the family were laid off for a few months... and we found ourselves losing our home... and when we told our friends they looked at us like we were irresponsible deadbeats who couldn't make our mortgage payments because we refinanced. How would that scenario be considered our fault?

The Final Piece of the Puzzle

I also didn't fully understand credit default swaps back then, and with good reason: they weren't "swaps" at all. I did understand other types of swaps, but credit default swaps were really just insurance policies you could buy on bonds with semi-annual payments and a fixed term... and they'd pay off if a bond defaulted. It was really a way of "shorting" the mortgage backed securities market.

For example, you might pay $100,000 a year for a 10-year credit default swap on $50 million in AAA rated bonds. The most you could lose would be $1 million... $100,000 a year for 10 years. The most you could make was $50 MILLION, if the bond defaulted anytime in the 10-year period.

Credit default swaps paid off just like roulette wheels in Las Vegas. You could lose your chips, or pick up a fifty to one payday if the bonds went bad. As an investor, your downside was limited to the amount you paid for the credit default swap, and the upside was a huge multiple. You didn't get free drinks like you would at the Golden Nugget on the Las Vegas strip, but with paydays of 50:1, you could buy your own.

Credit default swaps were the perfect tool to bet against the sub-prime lending that had become a huge component of our financial sector, and the worse the underwriting standards on loans, the lower the borrower's qualifications, the more certain the default and therefore the safer the bet.

It was even something you could time fairly accurately. You'd just figure out when the garbage loans were set to adjust, say two years out, and then make the assumption that when they did, a number of borrowers would default. The bond containing the loans would default and you'd go Ca-Ching as you collected on your credit default swap bet.

With derivative investment vehicles like credit default swaps available in an unregulated market, is it any wonder that the bonds were packed with mortgages that were all but certain to fail? It was bad enough that the banks were making loans that they wouldn't have to keep on their books and therefore didn't care about credit worthiness, but when you add the perverse incentive created by credit default swaps, you have at the very least, a gathering storm.

This past week, we finally learned that Washington Mutual was intentionally selecting the worst loans for bonds, and that Goldman Sachs and Merrill Lynch were playing the game as well. Soon there will be more and more bankers hauled before the Senate Committee and what we'll learn will shock and deeply offend our sensibilities. And hopefully the homeowners in distress will be free of the shame that they have lived with far too long and we can get back to the business of creating a more prosperous tomorrow.

Stay tuned... it's far from over yet. In fact, it's just getting started. Now is not the time to give in to the banking lobby's obvious clout, because there's only one group more powerful than they are... and that's us... the American people.

It's a mid-term election, and Congress is likely to act. Remember... our politicians do place a higher value on one thing than any amount of money the bankers could provide, and that's getting reelected.

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Mark Archer (Realty ONE Group) — Mon, 19 Apr 2010 15:54:20 -0700

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Mark Archer (Realty ONE Group) — Sun, 18 Apr 2010 11:36:29 -0700

HOUSING CRISIS: I just saw a video. WOW. It shows testimony, news reports, etc on how and why some banks were FORCED to make bad loans. OBAMA was involved (and Obama explains his involvement).

ALSO: Obama has said is connection to Acorn was minimal at best... I think this video will show the true reality.

PLEASE PLAY THIS VIDEO AND IF YOU FEEL AS STRONGLY AS I DO ABOUT THE FACT EVERYONE SHOULD SEE THIS AND KNOW THE TRUTH I WOULD ASK THAT YOU POST AND REPOST THIS VIDEO ANYWHERE AND EVERYWHERE. LET'S GIVE THIS SUBJECT THE ATTENTION IT DESERVES.

http://www.youtube.com/watch?v=ivmL-lXNy64

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Mark Archer (Realty ONE Group) — Thu, 15 Apr 2010 20:43:29 -0700

The one that won't slow you down. The one you read and find yourself wishing you could remember the details of when in a discussion with your brother-in-law who's a real jerk.

Now without further adieu...

1. Wells Fargo Settles Suit to Leave Frying Pan, Walks Directly Into Fire

Wells Fargo Bank has finally agreed to settle a lawsuit brought by the NAACP that accused the bank of pushing African Americans into expensive sub-prime mortgages, regardless of credit score. Statistically, borrowers with lighter skin tones, when applying for mortgages with Wells Fargo, received better deals.

Wells Fargo employees testified that internally they referred to these loans as "ghetto loans," and to the African Americans that were offered such loans... ready for this... the "mud people".

Since, in my way of thinking, it doesn't get much more offensive than that, I wrote an article last year about Wells Fargo and this charming terminology. If you want to catch up, you can find it here:

Wells Fargo's Ghetto Loans and the Mud People.

What is absolutely grand, however, is that the same day that Wells Fargo settled the NAACP lawsuit in an attempt to leave the proverbial frying pan, it had no sooner wrote the check when two cities, Baltimore and Memphis, filed new federal lawsuits that accuse Wells Fargo of steering African American borrowers into expensive mortgages, which were later the proximate cause of many foreclosures that cost the cities property tax revenue, forcing each city to increase its spending on public safety programs.

The City of Baltimore filed an amended Fair Housing Act complaint because an earlier lawsuit brought by the city against Wells Fargo was dismissed for being too broad. In the amended complaint, Baltimore cites specific expenses incurred as a result of Wells Fargo foreclosures. The city wants to recoup costs for inspections, condemnations and boarding up of homes, as well as increased police and fire costs.

The City of Memphis' lawsuit also alleges that Wells Fargo committed Fair Housing Act violations, and that the bank violated Tennessee consumer protection law.

Wells Fargo's CEO, John Stumpf, asked to comment on his ongoing legal troubles, said: "I don't want to get down in the mud on this."

I don't know... sounds like a case of the pot calling the kettle black, if you ask me.

2. Nicolas Cage's Bel-Air Estate Price Drop from $35 million to $17.5 million - Still No Offers

One of the highest-paid actors in Hollywood, Nicolas Cage, can't seem to catch a break. Even after slashing the price of his Bel Air estate from $35 million to $17.5 million, and then to a minimum bid of $10.4 million, but still not one bid came in on the property during its foreclosure auction last week, which was reported to last all of sixty seconds.

According to a story in the LA Times, Cage's mansion includes nine bathrooms, six bedrooms, an Olympic-size pool, a custom wine cellar, and a 35-seat home theater.

Cage borrowed against his home's equity during the boom years, taking out a total of six loans against the house, totaling more than $18 million, but with no bidders, the lender that foreclosed on the property still owns it and I suppose plans to take a bath in each of the home's nine bathrooms.

So, the bank wouldn't even modify a loan for Nick Cage? I wonder if they lost his paperwork six times, then got him to make a bunch a trial payments before they foreclosed, or whether it's true that Hollywood stars get special treatment and go straight to foreclosure without the rest of the crap.

3. Senator from Colorado Says Common Sense Would Stop Unnecessary Foreclosures

U.S. Senator Michael Bennet, in an effort to help Colorado homeowners avoid foreclosures, sent a letter to the U.S. Treasury Department this past week encouraging them to make common-sense improvements to its mortgage modification program, which is known by the acronym, HAMP.

The letter requested that Treasury increase the program's transparency, and make available an independent appeals process for those turned down for a modification. It was addressed to Herbert Allison, Assistant Secretary for Financial Stability.

Bennet proposes that when a homeowner is denied for modification, the lender or servicer would provide have to provide a justification for the denial in writing... with meaningful information about the basis for the denial... so that the homeowner can determine whether the decision was appropriate. In addition, an independent, expeditious appeals process would be made available to families that have been declined, or denied an opportunity to convert their trial modification into a permanent one.

When it comes to getting Treasury to make changes to the loan modification program, Bennet has a successful track record. In February of this year, when he sent a different letter to Sec. Allison asking Treasury to forbid lenders or servicers from initiating or continuing foreclosures until borrower eligibility for a loan modification under HAMP could be determined. In point of fact, Treasury agreed and the language was incorporated into HAMP guidelines.

Bennet says that homeowners throughout Colorado that are at risk of foreclosure have expressed their frustration with the federal government's existing loan modification process. According to Bennet:

"It seems to me that families that are faced with foreclosure have been through enough already - the least Washington can do is make it a little easier for them to get the help they need."

I couldn't agree more, Senator. I could not agree more. Could we borrow you for California, Arizona, Nevada, or possibly even Florida? Just for a few weeks in each, I swear.

One more thing... is there any way I could get an autographed photo for my wall. I'm kinda' developin' a little crush on you.

4. Arizona Homeowners - Looks Like It's Time to Take Matters Into Your Own Hands

A meeting open to members of the public, hosted by the Arizona Housing Department, was intended to share information and receive feedback on how it plans to spend the $125 million in new federal funds that are to be used to fight the foreclosure crisis. As those in the room listened to what the public officials had to say, they quickly determined that this latest financial package is... well, let's call it underwhelming and leave it at that.

Housing Department Director Michael Trailor opened the meeting, facing a large crowd. Seats had been snapped up by homeowners within hours of the meeting being first announced two weeks ago. People were talking about the news that foreclosures in the Phoenix-area had hit a new high in March. Some pretended to be surprised, others just groaned.

Trailor told the audience in Phoenix: "We are on track for 50,000 foreclosures in the Valley this year. We are hoping we can use this $125 million to help 4,000 homeowners."

Oh goodie. That'll help a lot. If it works perfectly, it'll help less than ten percent. If it works less than perfectly, and unquestionably that's the way to bet, it'll help somewhere between zero and ten percent. Under no circumstance is it going to provide any noticeable amount of help to Phoenix, as a whole.

New money, announced in February as being available to five states, totals $1.5 billion and it's to be divided among California, Florida, Nevada, Michigan and Arizona. Trailor's agency has until April 16 to submit to the Treasury Department a plan outlining how the new money will be spent. (On an unrelated note, I hate it when they use the term "new money" because I'm thinking we're just printing it and have to wait until the ink is all dry.)

The discussion, by all accounts, went downhill right from the beginning as Trailor made clear that his priority would be "responsible" homeowners facing imminent foreclosure.

Oh dear God... here we go again... responsible homeowners. Not irresponsible ones. Homeowners... hide your jet skis.

Following a principal I learned as a camp counselor back in New England, if you give certain people a whistle and clipboard, they think they're in charge... so, standing with microphone in hand, Trailor explained that he would be using the funds to help homeowners who had "demonstrated personal responsibility" in their purchase.

Oh my, it's worse than I thought. Better go hide the flat screen, and maybe ask your wife to take her jewelry off, at least for the next couple of months.

He said that he would not be helping those with "self-inflicted wounds," which he described refinancing in order to take out buckets of cash through home-equity lines of credit or risky loans. And then he added: "Only homeowners living in "modest" primary residences would be eligible, not investors."

Who gave this guy a whistle and clipboard? Because he's kind of a dick. If this guy isn't careful, the wounds he'll be worrying about won't be self-inflicted. This is Arizona we're talking about... they carry guns while in line at Starbucks there.

And I have to make a note so I'll remember to ask my wife if our primary residence is "modest". I hope it is, because I don't think I'd like my primary residence going around town bragging and boasting to other primary residences when we're out of town.

"We can't be all things to everyone," Trailor said.

I could not agree more. They can't. And if I were Trailor, I wouldn't worry about that at all. There is absolutely no possibility whatsoever that his agency will ever be all things to everyone. I think the more meaningful question would be whether he'll ever be anything to anyone. Or even something to someone. See... this is why I'm not allowed to attend these types of meetings.

At that point in the meeting, perhaps sensing that things were deteriorating, Reginald Givens, the director of the department's Neighborhood Stabilization Program, took the microphone to explain that homeowners will need to be at least 60 days delinquent on mortgage payments to qualify for the financial help.

Quite predictably the flurry of questions began. The homeowners smelled blood in the water.

First they jumped on the whole "personal responsibility" angle. Homeowners understandably hate it when a couple of government types who don't know any of them personally, show up to imply that many among them are likely "irresponsible". Who, one might wonder, might be the arbiter of said responsibility? Will the government being hiring workers, similar to those hired to assist with the taking of the census, to come around and look in people's garages in order to ascertain their relative degree of responsibility?

And, as it pertains to the country's economic meltdown and resulting foreclosure crisis:

Were the banks being responsible with their 40:1 leverage of debt to assets as they bought and sold AAA rated securities of which no one could know the value?

Were the government regulators responsible as they fiddled around, allowing the carnage in the financial markets to go on unchecked until it threatened to destroy the economic prosperity of much of the developed world?

Were the politicians themselves responsible as they bickered over petty differences, pointing fingers at each other's side of the isle, before agreeing to an essentially limitless bailout of the very institutions that caused the crisis?

And now, sonny boy, you show up accusing me... a homeowner... of being irresponsible because I didn't see that the Great Depression Part 2 was coming around the corner? It's my fault that the government failed in all of its efforts to contain the freefall in the housing market for three years? Yeah, I thought I could refinance if my loan adjusted higher. Want to know why I thought that? Because it's been true every year of the last 60 or 70, that's why I thought that, you characterless judgmental jackass. Next time you call me irresponsible, I'm going to plant my responsibility right up your... oh, never mind. (Sorry about that... is it warm in here?)

Next up, those in attendance, who apparently can and do read, questioned the requirement that a homeowner be 60 days delinquent to qualify for the assistance, pointing out that the Home Affordable Modification Program (HAMP) now allowed borrowers who have never missed a payment to apply and qualify for a loan modification. Why would the state program not dovetail with the federal one?

Then things in the room went from worse to worser.

Someone asked how many lenders or servicers the Housing Department had been able to persuade to reduce borrowers' mortgage amounts through loan modifications, but neither Trailor nor Givens had any sense of that number, meaning that it could be zero, but probably not more than one or two.

They both went on to say how frustrated they were over how few lenders had granted modifications to-date, and said that they still held out hope that more pressure from the federal government would someday help. (I'm confident that this was very reassuring to the homeowners in the room, so stop being such a smart ass.)

Someone asked how the new program would impact homeowners already working with government-certified housing counselors in Arizona, and Givens was quick to say that it would not be a problem because the state plan would complement the federal program... with the exception of that whole have-to-be-sixty-days-delinquent-thing... he meant, with the exception of that have-to-be-sixty-days-delinquent-thing, I'm sure of it.

The same person then wanted to know how homeowners would know if they qualified for this new state aid, and Givens said there would be a Website where homeowners could ask a magic 8-ball for the answer. Okay, I made that last part up, but it's late and I'm betting the Website is going to work about that effectively in real life.

Patricia Garcia-Duarte, president of Neighborhood Housing Services, one of Arizona's leading nonprofits, and a woman with a hyphenated last name, waited an hour for her chance to establish in front of the room that she was a woman who was paying close attention to the presentation. Taking the microphone, she said the new plan would confuse homeowners because it doesn't conform to HAMP, which does not require delinquent payments in order to be eligible for aid, a point that had been raised ten minutes earlier by another homeowner in attendance.

Garcia-Duarte recovered quickly, however, adding: "I also have trouble with this plan not helping those who got into bad loans. There are proven studies showing minorities were targeted and put in bad loans."

Givens replied saying that he expected the 60-day issue to draw criticism, but he added, in response to absolutely nothing that anyone had said thus far: "We all know people who bought homes they couldn't afford and shouldn't have. This money isn't to help those homeowners."

Towards the meeting's end, a man seated at the back of the room asked, "Why is Arizona only getting $125 million of the $1.5 billion?" He was wringing his hands and looking less than stable.

Trailor, obviously nervous about the potential for the man to rise and harm him, only said the he agreed with the man's question, thus showing the attendees that his grammatical skills were hovering at around the third grade level... assuming English was your second language. He then tried pacifying the wringing hands man by claiming... out of nowhere... that Arizona could potentially receive more money from the federal government for foreclosures.

Realizing that he was now talking out of his hind-quarters, Trailor wrapped things up by saying:

"There are smart people in Washington who realize HAMP isn't doing enough in Arizona and other states hit hardest by foreclosures and falling home values. The feds are calling this round ‘an innovation fund' and want the states to succeed. I definitely get the impression if we do well with this money, more will be coming."

Okay, see... as far as the foreclosure crisis goes in Arizona, everything's completely under control. You wanted answers... they've clearly got answers. My hat's off to them.

When's the next meeting, because I for one am totally looking forward to doing this again... and don't want to wait until the last minute, because I'm going to need to pick-up a Teflon vest at the surplus store. No sense taking any chances with these guys running the show.

5. Two women sentenced in loan-modification fraud case

Proving that there's a loan modification scammer on just about every corner in California, Attorney General Jerry Brown is boasting about making the state a safer place to lose your home to foreclosure as a result of his successful prosecution of two women... who pleaded guilty last month in a loan-modification fraud case. Both were sentenced today to a year in jail.

Marianne Curtis, 69, of Costa Mesa, and Mary Alice Yraceburu, 46, of Riverdale, were also ordered to pay more than $32,000 in restitution to 36 victims, according to the California Attorney General's Office. That's almost a thousand dollars apiece for 36 people! Woohoo! Go Jerry... Go Jerry... It's your birthday... Go Jerry. I've seen more money recovered by more people in one night of Bingo at the Unitarian Church near my house.

"Curtis and Yraceburu shamelessly exploited homeowners desperate to avoid foreclosure, charging up to $1,800 in upfront fees for loan modifications that were never delivered," state Attorney General Jerry Brown said. "Today's jail sentences send a warning shot to loan-modification consultants - if you swindle homeowners, you face serious time behind bars."

The two women, who operated a company called Foreclosure Freedom, pleaded guilty to 71 counts on March 24, including unlawful foreclosure consulting, grand theft, attempted grand theft and conspiracy.

(Unlawful consulting? I'm sorry... I don't mean to be this way... but that's hysterical. I hear Jerry Brown, but I see Barney Fife.)

Okay, I apologize... good job. Any time you can take a 69 year-old woman scammer off the streets, you gotta' give it up for the AG. (Insert that sound from Law & Order here.)

6. Bernanke Says We're Not Out Woods in Terms of Recession

According to Fed Chairman Ben Bernanke, joblessness, home foreclosures and weak lending pose challenges to the economy as it recovers from the worst recession since the 1930s. As it recovers, as in: 1931, 1932, 1933, 1934, 1935, 1936, 1937, 1938, 1939, 1940, 1941... you know, AS IT RECOVERS. Get it?

"We are far from being out of the woods," Bernanke said in a speech a week ago in Dallas. "The U.S. faces hurdles including the lack of a sustained rebound in housing, a troubled commercial real estate market and very weak hiring," he added.

Challenges and hurdles. Sounds like fun. We need to get in better shape in this country anyway. Are we all going to get team jackets?

So, there's three things I didn't see coming: terrible unemployment, rising foreclosures, and lending that requires Warren Buffet as a cosigner, or the federal government as the lender. Go figure. What happened to the banks in this country? I'm so confused. I thought they just had the BEST YEAR EVER! They paid out the LARGEST BONUSES EVER. Even larger than during the boom years. So, why aren't they lending like crazy and stimulating the old economy? I just don't understand it. Don't they make money by lending?

Oh, wait. That's right... I forgot. They're INSOLVENT! We've just suspended the accounting rules so they don't have to report their losses. Cool. And it's a strategy that really works. I stopped writing in the checks I've been writing and only post my deposits and sure enough... I'm having my best year ever too! Why didn't I think of this before?

Looking forward, the Fed officials are said to have concerns that the job market and tight credit would restrain consumer spending. Hmmm... let's see. I don't know if I can agree with that. I mean, why would no jobs and no credit constrain consumer spending? This economic stuff is so complicated. It makes my hair hurt. Better take a nap.

Bernanke and his colleagues also said that interest rates will stay very low for an "extended period." What's an extended period, do you suppose? Like a decade? That would be extended.

This is the weirdest recovery I've ever seen. The recession is over. Happy days are here again. But there are no jobs, no credit available, foreclosures are out of control as real estate continues it freefall... and the Fed says it's not going to raise rates for a long, long time.

Last month, central bankers left the benchmark rate target, covering overnight inter-bank loans, in a range of zero to 0.25 percent, where it has been since December 2008. Zero to 0.25 percent. Good thing no one's talking about lowering rates, because we'd be in deep kimchi if those rates had to get any lower.

"We have yet to see evidence of a sustained recovery in the housing market," Bernanke said. "Mortgage delinquencies for both sub-prime and prime loans continue to rise as do foreclosures. The commercial real estate sector remains troubled, which is a concern for communities and for banks holding commercial real estate loans."

But Bernanke went on to say that some of the economy's "toughest problems" are found in the job market. "Hiring remains very weak," Bernanke said. "I am particularly concerned" that more than 40 percent of those without jobs have been out of work for at least six months, because such spells may erode skills and reduce the workers' income and employment prospects, the Fed chief said.

"My best guess is that economic growth, supported by the Federal Reserve's simulative monetary policy, will be sufficient to slowly reduce the unemployment rate over the coming year," Bernanke said.

His "BEST GUESS"? Holy Mother of Mandelman, did Bernanke just say his "best guess"? The Fed Chief is offering us his best guess? I wrote an article last year where I showed that his forecasts had been wrong every month for like 10 months. And I asked the question: If you're wrong every single month, is it still forecasting or at a certain point, does it become guessing?

And sure enough, now Bernanke is actually GUESSING.

If you start to get nervous, just remember my favorite old Russian proverb:

The church is near, but the road is icy. The tavern is far, but we will walk carefully.

Seriously, it always helps me. Ergo bibamus!

` ` ` ` ` ` ` ` ` ` `

P.S. REC Has access to the same software platform that major banks and servicers use to qualify borrowers for HAMP loan modification. By running the report, you'll know whether you qualify for a loan modification under the HAMP program. And if you don't qualify, you'll finally get to see and know the reasons why!

It's the only place a homeowner should start start, because armed with the same type of information the banks have, regardless of where he or she might go from there, you level the playing field to great degree.

It's not at all expensive to have us run your report, and you'll sleep better knowing what you can expect if you apply for a loan modification. The system will also qualify you for a HAFA Short Sale, and presents the alternatives offered by various lenders and servicers. It's the only system that will tell you if you're qualified for HAMp, and pun intended, you can take it to the bank.

It's what you've been waiting for... the truth, in writing. Email me at: realestateconsulting9@gmail.com and we'll answer all your questions, and get you started on the path to knowing what the banks know. Even if you're in the middle of the processing of your loan modification already, you might want to consider running the report to make sure you qualify, and avoid any traumatic surprises. SEE MY FRONT PAGE FOR DETAILS.....

Written by: Martin Andelman...

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NOW HERE IS A BIT OF HONESTY: TARP Chief Elizabeth Warren: “It’s the Bank Lobbyists vs. American Families”

Mark Archer (Realty ONE Group) — Wed, 24 Feb 2010 21:44:36 -0800

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Elizabeth Warren is the Leo Gottlieb Professor of Law at Harvard Law School. She teaches contract law, bankruptcy, and commercial law, and has devoted much of the past three decades to studying the economics of middle class families. She is also the chair of the Congressional Oversight Panel created to investigate the U.S. banking bailout, known as the Troubled Assets Relief Program...

She is a leading advocate for accountability and transparency. In 2007, she also advocated the policy of creating a new Consumer Financial Protection Agency, which President Barack Obama has supported, against the wishes of the banking lobby who is against it in a big way. I believe where things stand now is that Congress has asked the banking lobby for permission to at least appear as if it's debating something having something to do with consumers.

Appearing on Bill Maher last Friday, Elizabeth Warren said several things I think are more than worth noting, so I am noting them here.

Elizabeth began by stating something so striking that I had to run for paper and pencil to jot it down. Bill Maher was asking her what's happening in Washington D.C. these days and she replied:

"It's Bank Lobbyists vs. American Families."

Warren then went on to say: "Six months ago, I really thought that we were on the brink of financial reform." In response, Maher asked her what she was smoking back then. The audience laughed. I did not.

Bank Lobbyists vs. American Families? Wow... I didn't even know they were both playing in the American League.

Actually, I don't want to be even moderately funny about this topic. The Harvard professor who has spent the last thirty years studying the economics of middle class families just said that in the United States of America, there is some sort of battle being waged between a well-funded special interest group representing the financial services industry... and American families. Ah yes... the classic tale of high-powered Wall Street executives locked in a struggle with... my family? Why is it that I feel like the Washington Generals and the fix is in?

She said: "The problems could not be more obvious, and quite frankly the solutions are just about that obvious, but we can't seem to get the two together."

At this point, I had to remind myself that a Harvard professor who was placed in charge of overseeing a $700 billion bailout of our financial institutions and a handful of miscellaneous others, just said that the problems couldn't be more obvious and the solutions the same... but even though we're still sinking fast into a lost couple of decades, we just can't seem to get our act together.

I hit the pause button on my Tivo. Breathe. Fight the urge to weep uncontrollably. Make a mental note to ask my physician to write me a prescription for Ativan. Okay... back to the show.

Bill asked why this was more of an explanation and she replied:

"The reason that we're not changing things in Washington is that the banks have lobbyists in Washington in numbers I've never seen. They're coming not just once a month or once a week, or even once a day. These guys are coming in two, three, four times a day. They've got their position papers, and they just keep slamming in the same direction over and over and over. And people that want to advocate for American families, that want some changes, or want to level the playing field just don't have that kind of lobbying power. And so what we're really watching here is a David and Goliath story of monumental proportions."

I don't recall being taught about this in 8^th grade civics or 10^th grade U.S. History. When did our system change like this... and for the record, I liked the old words to our anthem much better.

My country used to be

More than an economy

Of thee I sing

Land where I bought my house

When I still had a spouse

Next time I'll vote for Mickey Mouse

Or move to Bejing

Now we pledge our thanks

To those that run the banks

To take our country back, we may need tanks

Let freedom ring

(No judgments ... it's a work in progress, remember.)

Warren closed out the show making a couple of comments about the Credit Card Reform Act, which was passed by Congress and signed by the President last year, and went into affect on Monday of this very week. You might remember my article's headline about a bank with a 79.9% interest rate. That's the result of that whole reform thing too. Here's what Warren had to say:

"Credit card reform... It's like we put up ten fence posts in a wide open prairie. If you smack straight into one, you really will get hurt. But if you want to hire just one lawyer, let alone an army of lawyers, you can just run a little to the left or right of the post and it's business as usual."

The banks get to hire lawyers? I don't understand. Do they pay them once the fence post has been struck, or just for moving it?

The Center for Responsible Lending published a report about a week ago saying that of the ten bad credit card practices that have been outlawed by Congress, the banks have already figured out eight new devices for getting around them.

Have they now? Well isn't that nice. How does Congress feel about that report? When the banksters show up on Capitol Hill does one of them kneel down behind Rep. Frank and the other push him over? What's going on around here? What happened to this old legislative process: Click Here!

In closing, here are the immortal words of Simon Johnson, who was the Chief Economist at the International Monetary Fund ("IMF"), and now teaches at M.I.T.

The crash has laid bare many unpleasant truths about the United States. One of the most alarming, says a former chief economist of the International Monetary Fund, is that the finance industry has effectively captured our government-a state of affairs that more typically describes emerging markets, and is at the center of many emerging-market crises. If the IMF's staff could speak freely about the U.S., it would tell us what it tells all countries in this situation: recovery will fail unless we break the financial oligarchy that is blocking essential reform. And if we are to prevent a true depression, we're running out of time.

That's it and that's all. Nothing funny about that...

Here's my initiative to deliver the Voices of Hope and Change to Washington:

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Fox Business Reports: Leaked Document Shows Obama Considering Changes to HAMP Loan Modification Program

Mark Archer (Realty ONE Group) — Sun, 21 Feb 2010 17:35:35 -0800

Visit A Hundred Thousand Homeowners

Fox Business has exclusively reported that it has obtained a confidential document said to have been prepared by the Treasury Department, that may indicate that the Obama Administration is considering several changes to the Making Home Affordable loan modification program.

Fox also said that the changes being considered by the administration may result in a nationwide freeze on foreclosures for some period of time for some homeowners, but that's a bit of a reach and a misinterpretation of what the proposed changes actually include, as you'll see in a moment.

Now, before I tell you what the proposed changes are, according to this leaked Treasury document, I think it's very important that I stipulate to two things:

A. Yes, the Mortgage Bankers Association, the American Bankers Association, and every other lemming in the long line of groups that represent the financial services industries is going to oppose every single word in every single one of these proposed changes. Obviously. So there is no need to write to me saying stuff like: "These new rules are never going to pass, blah, blah, blah." I know all of that, and none of it has anything to do with the point of this article.

B. I would like to remind everyone that rules are only proposed in response to some group's unwanted or unwarranted behavior. If it didn't matter to anyone, or to our society, how fast cars were driven on public roads in this country, we wouldn't have a speed limit. No one cares how fast you ride your horse out on the wide open prairie, so I'm guessing that we don't have anyone proposing a speed limit on horse riding on the wide open prairie. (Look, I know that wasn't my best analogy ever, but you get the point so just go with it, okay?)

I offer this reminder because Fox reported this story saying that the Obama Administration is proposing these new rules in an effort to "slow down" the foreclosures on homes in this country, and that's just ridiculous. The proposed rules that follow were certainly not the result of someone saying: "Gee, how can we slow down the foreclosures in this country?"

Clearly, these proposed rules are being considered, assuming that they are in fact being considered, in response to our nation's lenders' and mortgage servicers' flagrant and total disrespect and disregard for the federal government's Making Home Affordable Program, most commonly referred to as HAMP, the Home Affordable Modification Program.

I find this to be a critical distinction because I believe that merely the fact that these new rules were written down for consideration should provide every citizen who has the capacity to connect words into sentences with incontrovertible proof that it is the lenders and mortgage servicers that have caused the multitude of problems related to foreclosures and loan modifications. What follows should further provide proof that, based on the behaviors that these rules were obviously created to stop, the lenders and servicers participating in the Making Home Affordable program cannot be trusted by our society... period.

In simpler terms, you don't need to propose the types of rules as stated below for a group of individuals or organizations that are behaving in an ethical fashion now. These rules are the type that are only proposed when there is a need to stop some group from behaving badly.

According to the document obtained by Fox, the changes being considered include:

1. A 30-day "borrower response period" if a person gets rejected for a modification under HAMP, during which time a foreclosure sale would be prohibited.

Wow... 30 days to respond if you're rejected for a HAMP loan modification before they can sell your house out from under you? That seems pretty harsh... and when I say "harsh," I mean eminently reasonable and fair. I mean, considering we have roughly 900,000 trial loan modifications under HAMP, and something like 100,000 permanent modifications completed at latest count, it's clear that the approval and denial process is anything but rock solid, and it's perhaps the lease transparent government initiative since Iran-Contra.

So, if you do get turned down it would seem perfectly reasonable that a borrower be allowed 30 days to respond, if for no other reason than it would give borrowers a chance to correct any mistakes or assumptions that may have led to the denial prior to losing their home as a result. You might even think that the lenders and servicers would favor this rule too. No one could possibly be in favor of someone losing their home due to a mistake in their application for a modification under HAMP.

2. Prohibit foreclosures before borrowers are evaluated and found to be ineligible for the HAMP program.

Okay, here's one of those "new rules" that would seem to be redundant with at least the intent of those already in place. Before you foreclose, Mr Mortgage Servicer, you have to at least offer the homeowner an alternative to foreclosure, and evaluate whether that given borrower qualifies for that alternative. I'm not positive, but I could swear that is the same kind of language already found in the HAMP documentation.

3. Require lenders to suspend all foreclosure actions after borrower has been approved for 90-day trial modification under the HAMP program.

I liked this one in particular, because I always tell people that in my view, the most dangerous time in a loan modification is when you've been granted a "90-day trial modification" under HAMP, because that's when the bank may do anything from sell your home without notice, to paint your home without notice.

The proposing of this rule is proof that the lenders and servicers participating in the HAMP program cannot be trusted. HAMP requires a trial period, and it says in the HAMP guidelines that once a borrower is approved for a trial modification, assuming that borrower makes the trial payments on time and as agreed, that person will receive a permanent loan modification. If lenders and servicers were ethical organizations operating within the law and looking out for the interests of our society, as well as their own, we wouldn't need such a rule.

4. Written certification that a borrower is not eligible for a HAMP modification by an attorney or trustee before a foreclosure sale can be conducted.

And here's one that basically says that we will need lawyers to represent homeowners in order to make sure the banks haven't lied and turned down a borrower who should not have been turned down. We sure as heck can't trust the banksters, so we should have lawyers representing homeowners to make sure their rights aren't being ignored and abused by those that have obviously ignored and abused them in the past and in significant number.

So... let's sum it up in four key points, all pertaining to the HAMP loan modification program:

1. Give borrowers a month to respond to being turned down, in case a mistake caused the denial.

2. Don't foreclose until borrowers have been evaluated and found ineligible.

3. Don't foreclose on a borrower once that borrower has been approved for a loan modification.

4. Have a lawyer who represents the interests of the homeowner certify that the lender or servicer has followed the first three rules.

Does that about cover it? Of course it does, that question was rhetorical. Are any of these new proposed rules in anyway egregious, Draconian, or otherwise unreasonable or objectionable to the common man or woman. Nope, rhetorical again. In fact, nothing proposed in this leaked document should or would ever have to have been raised, if the lenders and servicers hadn't already proven beyond any reasonable doubt that they will not follow rules they find inconvenient for whatever reason.

I called an IndyMac executive some months ago to inquire as to why it was that the bank only forecloses and never agrees to modify under HAMP guidelines, even though by the date of my call IndyMac/One West was in fact signed on to receive funds from the federal government under HAMP.

The executive at IndyMac/One West explained that HAMP only requires them to offer a loan modification, but not grant a loan modification. I fired back, I think that depends of what the definition of is, is... and I hung up.

Treasury is not the only governing or regulatory body considering these very same types of rules. At the state level, California and Maryland each have similar rules or legislative proposals under consideration.

In Maryland, Governor George O'Malley is proposing several new rules that essentially mirror those in the document leaked to Fox Business. And maybe because Maryland is on the way home for a bunch of banking industry lobbyists, we already have a window into the views of those that would oppose such benign provisions.

One Dean Caplan, a mortgage loan consultant from Bethesda, Maryland has already been quoted in the Washington Examiner as saying that the new rules "could drive mortgage lenders from the state," as the rules would be a "disincentive to do loans in the State of Maryland." He closed with the phrase: "It sounds horrific."

A guy named Jeff Hawk who is Vice President of Maryland Mutual Mortgage LLC, and I would guess a triple digit SAT score recipient at best, referred to the proposed rules as "reverse discrimination". In the Washington Examiner Hawk was quoted as saying: "You're just keeping borrowers in homes they cannot afford. You gotta' let nature take its course."

Well, Jeffrey my intellectually deficient friend. You really are quite the pant load, aren't you my boy. I must make a mental note to make sure to blog about you a lot more in the future, Hawk-boy.

Apparently, Maryland is not new to this way of thinking. A similar measure was introduced back in 2005 by the Montgomery County Council, and more than 40 lenders indicated that they would pull out of the county if the bill took effect before a circuit court killed it, ruling that it violated the state's constitution.

And rounding out the trifecta of idiots representing the mortgage lending industry in Maryland is Tom Shaner, the Director of the Maryland Association of Mortgage Professionals.

Obviously incapable of generating an original thought on his own, Mr. Shaner simply parroted the line about pressuring lenders to modify loans that people cannot afford could put a strain on the sanctity of contracts in Maryland. He went on to say:

"Maryland is getting a horrible anti-business image. If contracts in this state are null and void when its politically advantageous ... people are not going to do business in this state."

Hey Tommy boy... you want to know another time when people won't want to do business in Maryland? How about after imbeciles like you have ensured that the State of Maryland remains deep in its recession for decades to come... that might be a bad time to do business in Maryland. Or how about when the banking and mortgage industry players that you no doubt represent, all decide to bankrupt our nation's and in fact the entire world's financial markets through behaviors and practices that should land you in jail.

Governor O'Malley's spokesperson, Shaun Adamec responded intelligently to the cacophony of fear-mongering morons from the mortgage industry when he said:

"It's the companies that are forcing the Governor's hands in introducing this legislation."

Nice job, Shaun, but I think we're going to need a bigger boat. These guys are incapable of feeling shame, obviously. I pray O'Malley just calls their bluff and stops listening to the members of the banking lobby as being the smartest guys in the room, when they are so clearly anything but. Let them pull out of wherever they claim to want to pull out of, and then let's watch to see how they are replaced... overnight.

WE NEED TO LOBBY WASHINGTON TO GIVE HOME OWNERS A VOICE AS LOUD AS THE FINANCIAL INSTITUTIONS'!!! JOIN US IN THIS FIGHT !

Mark Archer (Realty ONE Group) — Sat, 20 Feb 2010 13:10:31 -0800

I FELT THIS WAS WAY TOO IMPORTANT TO NOT REPOST. WE NEED YOUR HELP TO LOBBY WASHINGTON

JOIN TODAY AND MAKE A DIFFERENCE... CLICK THE LINK OR COPY AND PASTE IT TO YOUR BROWSER.

http://ahundredthousandhomeowners.ning.com/forum/topics/a-hundred-thousand-homeowners

www.ahundredthousandhomeowners.com

The foreclosure crisis MUST be stopped. And it would have been months ago... if America's homeowners had a VOICE in Washington... This coming year is a very important election year. NOW is the time for the VOICE of America's homeowners to be heard.

WHAT DO YOU THINK WOULD HAPPEN IF:

EVERY member of Congress...EVERY major newspaper, radio station and television news channel... The White House... EVERY major bank CEO's office... EVERY nonprofit housing agency... the Internet... EVERY Governor's desk... what if they ALL received a 22 minute DOCUMENTARY from America's homeowners that told the story of what's really happening in the neighborhoods of this country as the foreclosure crisis continues to grow and spread?

I'm not talking about some amateur home video here...

I'm talking about a broadcast quality program that opened with President Obama's speech last February introducing the Making Home Affordable program, and then showed the realities of today. What it's really like to deal with banks. The human tragedy that too many don't understand, because they can't see it... yet.

What do you think Congress would do in this... an election year?

Ignore it? I think not.

What do you think would happen when millions of Americans who have lost their homes to foreclosure saw what had been accomplished by "A Hundred Thousand Homeowners"? How many more would want to join the group... add to the VOICE.

There is no stronger or more outspoken advocate for homeowners in this country than Mandelman Matters and we want to help carry the VOICE of homeowners to the politicians on both sides of the aisle, to the bankers and mortgage servicers, to the media, and to the nation as a whole... through "A Hundred Thousand Homeowners - Voices of Hope & Change".

In addition to being available on the Internet, the documentary, will be distributed on DVD, wrapped in BRIGHT YELLOW "A Hundred Thousand Homeowners" packaging. It will be IMPOSSIBLE TO IGNORE, the VOICE of homeowners will be heard.

SPECIFIC GOALS OF THE DOCUMENTARY:

A. We want Congress to act to strengthen the HAMP program by adding hard and fast rules under which banks MUST write down a mortgage. The program is funded by tax dollars and is NOT WORKING on a voluntary basis. Here's how banks view loan modifications.

B. We want the Treasury Department or Congress to impose penalties on lenders and servicers who break the rules under HAMP. Here's what a judge said about HAMP rules.

C. We want Congress to allow judges to modify mortgages in bankruptcy court, just like what President Obama spoke of in his speech introducing the program that would allow for judicial loan modifications. The threat alone wold motivate banks to do it themselves. My article on the subject: WE NEED JUDGES TO MODIFY THE WAY BANKS BEHAVE.

D. We want HAMP to require principal reductions under appropriate circumstances. It's not fair for banks to be able to foreclose on a home and then sell it to a new buyer for half the balance on the mortgage just to get it off of their books. FDIC's SHEILA BAIR AGREES: Read About What She Says Here.

E. Congress must remove incentives that banks have to foreclose. Read Diane Thompson's testimony in front of the senate.

We need everyone's help to make this happen, and it's far too important to be allowed to fail. People ask me all the time how they can help. Well, here's how. Together we can be heard... together we will make a difference.

The Documentary: A Hundred Thousand Homeowners

A Hundred Thousand Homeowners will open with President Obama's speech introducing his Making Home Affordable program, which was to help millions, but has fallen far short of its goals. It will include interviews with real homeowners... unscripted... as they share what they've been forced to endure trying to save, or losing their homes.

A Hundred Thousand Homeowners - A wake-up call in Washington.

It will send the very clear message that doing nothing is not an option... that favoring the banks over the American people, at a time like this, can only result in being voted out of office. The VOICE of A Hundred Thousand Homeowners will echo through the halls of our Congress and into the Oval Office.

A Virtual March on Washington...

Everyone can join this virtual march on Washington but there is a cost to participate:

That's "one dollar," just so everyone's clear about this.

By contributing one dollar, you're name will be listed as one of the 100,000 voices... or kept anonymous, if you'd prefer it that way.

By contributing $1.00, you'll be supporting something important... something that will be heard... something that will make a difference, because when politicians see that 100,000 people have taken the time to support something by sending in $1, they'll know that behind those 100,000 are many more who feel the same way.

Of course, you can decide to send more... you could send $5, or $10, or even $20 in support of the project.

BUT PLEASE DON'T SEND $50 or $100.

Several homeowners have sent in $50 and $100 contributions. And although we very much appreciate their support, we'd much prefer $1 and 99 other homeowners. What we need to make it happen is just $1. from 100,000 people who want their VOICE to be heard.

Please take the time to send in your $1. today. Time is of the essence, and it's not easy to get 100,000 people to do anything. So, please send your dollar today and most importantly help spread the word by asking others to do the same. We plan to have the documentary program completed and distributed by Valentine's Day, but we can't do it without everyone's support.

You can send your dollar in one of three ways:

1. Via credit card and Pay Pal by clicking on the "Contribute to the Cause" button, which you'll find at the top right of the Mandelman Matters site. Contribute to the Cause

2. Or you can mail your check or one dollar bill to:

A Hundred Thousand Homeowners

1472 Marelen Drive

Fullerton, CA 92835

Send us your video message about your bank and we'll post it.

Seriously, I'll even edit it for you if needed.

www.ahundredthousandhomeowners.com.

Performance Guarantee:

In the unlikely event that we do not receive enough support to complete and distribute the project, we will donate all excess proceeds to "Homes for Our Troops," a nonprofit charity that assists severely injured service men and women and their immediate families, supplying building materials and professional labor and coordinating the process of building new adapting existing homes with handicapped accessibility.

A Hundred Thousand Homeowners - Voices of Hope & Change

Mark Archer (Realty ONE Group) — Fri, 19 Feb 2010 19:56:17 -0800

JOIN TODAY AND MAKE A DIFFERENCE... CLICK THE LINK OR COPY AND PASTE IT TO YOUR BROWSER.

http://ahundredthousandhomeowners.ning.com/forum/topics/a-hundred-thousand-homeowners

www.ahundredthousandhomeowners.com

WHAT DO YOU THINK WOULD HAPPEN IF:

I'm not talking about some amateur home video here...

What do you think Congress would do in this... an election year?

Ignore it? I think not.

SPECIFIC GOALS OF THE DOCUMENTARY:

B. We want the Treasury Department or Congress to impose penalties on lenders and servicers who break the rules under HAMP. Here's what a judge said about HAMP rules.

E. Congress must remove incentives that banks have to foreclose. Read Diane Thompson's testimony in front of the senate.

The Documentary: A Hundred Thousand Homeowners

A Hundred Thousand Homeowners - A wake-up call in Washington.

A Virtual March on Washington...

Everyone can join this virtual march on Washington but there is a cost to participate:

That's "one dollar," just so everyone's clear about this.

By contributing one dollar, you're name will be listed as one of the 100,000 voices... or kept anonymous, if you'd prefer it that way.

Of course, you can decide to send more... you could send $5, or $10, or even $20 in support of the project.

BUT PLEASE DON'T SEND $50 or $100.

You can send your dollar in one of three ways:

1. Via credit card and Pay Pal by clicking on the "Contribute to the Cause" button, which you'll find at the top right of the Mandelman Matters site. Contribute to the Cause

2. Or you can mail your check or one dollar bill to:

A Hundred Thousand Homeowners

1472 Marelen Drive

Fullerton, CA 92835

Send us your video message about your bank and we'll post it.

Seriously, I'll even edit it for you if needed.

www.ahundredthousandhomeowners.com.

Performance Guarantee:

WE NEED YOUR HELP... PLEASE ACT TODAY OR WE WILL REGRET THIS FOR A LONG TIME!!!

Mark Archer (Realty ONE Group) — Mon, 15 Feb 2010 18:25:11 -0800

My friends and fellow real estate investors,
We have ONLY 3 DAYS to stop HUD from eliminating ALL seller financing unless the seller has lived in the home or becomes a licensed mortgage originator.
That means that you would need a license to sell your properties with Seller Financing (other than your own home)! This could have a drastic effect on most every real estate investor-whether you want to buy or sell properties, or buy or sell notes--and think of how many potential home buyers won't be able to buy!
HUD is requesting comments, but the deadline is February 16, 2010. Please take a few minutes NOW and voice your opinion online. Here's how:

1) Go to www.regulations.gov .

2) Use the Document Type drop down box to select "PROPOSED RULES"; under Keyword, enter "SAFE MORTGAGE"; press "SEARCH."

3) Under results, find "FR-5271-P-01 Safe Mortgage Licensing Act: HUD Responsibilities..." (It will probably be the first result.)

4) Select "SUBMIT YOUR COMMENT" and voice your opinion before Tuesday, February 16th to stop HUD from taking yet another hit on our businesses! See below for suggested comments.

Notes:
TO READ THE PROPOSED RULES in detail (not recommended-they are very lengthy and cumbersome), just click on "FR-5271-P-01 Safe Mortgage Licensing Act: HUD Responsibilities..."
For your convenience, I've written up a brief summary below.

TO VIEW OTHER PEOPLE'S COMMENTS, click on "Open Document Folder" in the far right hand column.

WHAT SHOULD YOU SAY?

Be polite and to the point. Basically, you want to request that the definitions in the Proposed Rules be changed to allow private individuals to originate and service loans on properties they personally own whether or not they live in the property and whether they hold title in their own name or another entity (such as an LLC, corporation or trust). Let them know how devastating this will be to you and to the industry. Here are some ideas:
Seller financing is an "age old" tradition based on the principle that all owners should have the right to sell their property.
Seller financing is sometimes the only way a person can sell their property.
Seller financing is sometimes the only way a person can BUY a property.
Many people do not qualify for bank loans under today's strict guidelines.
Bank loans are not even available on certain types of properties.
The proposed rules would prohibit even partial seller financing such as a second mortgage.
According to HUD's "Residential Finance Survey" in 2001, roughly 40% of all non-farm residential properties in the US are owned free and clear, and are therefore perfect candidates for Seller Financing.
Many innocent people could suffer financial devastation if they were prohibited from using seller-financing to quickly sell their properties if necessary:
An estimated 6 million Americans own a property other than their own primary residence.
An estimated 4.5% of Americans own three or more properties, many purchased solely as investment properties.
40% of non-owner occupied residences are mobile homes which are more difficult to sell with bank financing.
Approximately 5% of homes in US are for sale or for lease; seller financing may be key to liquidating this inventory.

SUMMARY OF THE PROPOSED RULES:

The Proposed Rules are very long and cumbersome. Below is a list of the loosely interpreted key points that most real estate investors and note buyers may be interested in knowing. I must add this disclaimer: I AM NOT AN ATTORNEY. Do NOT use this synopsis to determine if you are in compliance or not. If you are engaged in originating or modifying loans, consult your own attorney for a legal interpretation of these rules for your particular situation.

1. What is this?
The Secure and Fair Enforcement Mortgage Licensing Act of 2008 (SAFE Act) was enacted into law on July 30, 2008 as part of the Housing and Economic Recovery Act of 2008. If individual states fail to enact their own laws to meet the minimum requirements of the SAFE Act, then these HUD Proposed Rules will govern licensing loan originators in those states

2. Who does it apply to?
The Proposed Rules require that anyone who is originating and/or modifying residential loans must obtain a license, except for:
Individuals who carry back a mortgage secured by a property that served as their own residence (You would need a license to offer seller financing when wholesaling a property or selling one of your rentals!)
An individual who is negotiating terms of a loan on behalf of a family member
A licensed real estate broker
An attorney (with restrictions)
A bank
Someone only extending credit for timeshare plans
A clerical person or underwriter operating under the direction of an individual who is properly licensed under the Proposed Rules
An employee of a bank who is registered with and maintains a unique identifier through the Nationwide Mortgage Licensing System and Registry

3. What do I need to do to get licensed?
Obtaining a license under the Proposed Rules involves:
A background check; credit report; finger printing; administrative, civil, or criminal findings by any governmental institution
No felony convictions within preceding 7 years, some felony convictions prohibited completely
20 hours of approved education
Pass a written test
Submit Mortgage Call reports detailing your lending activity
Be under the authority of a State Loan Originator Supervisory Authority
This is an absolutely urgent request. These Proposed Rules will have a devastating impact across the board on real estate investors, note buyers, and potential homeowners. Please act now! Only 3 days left to have your voice heard.
It's just another example of the government sticking their nose where it doesn't belong. These people don't have a clue as to the terrible repercussions that this will have. It's up to us to tell them! SPEAK UP NOW and urge your friends and associates to do the same! Invite them to "donnabauer.wordpress.com."

THIS IS FREAKIN REDICULOUS... WHAT WILL OUR GESTAPO GOVERNMENT DO NEXT!!!

Mark Archer (Realty ONE Group) — Sun, 14 Feb 2010 00:20:10 -0800

WE AS AMERICANS ARE ALLOWING OUR GOVERNMENT TO STRIP ALL OF OUR RIGHTS. EVERY WHERE I LOOK I SEE IT HAPPENING... PLEASE PEOPLE LETS STOP THIS MADNESS... WE HAVE A RIGHT TO A FREE MARKET PLACE WITHOUT THE CONTROL OF GOVERNMENT...

CLICK ON THE LINK TO HELP STOP THIS CRAP!!!!

The Government Directly Attacks Small Investors Yet Again | Real Estate Investing - The "Alternative

HAMP AND SHORT SALE SOFTWARE UP TO DATE AND CURRENTLY FINANCIAL INSTITUTIONS ARE TRAINING TO USE THIS PROGRAM

Mark Archer (Realty ONE Group) — Mon, 08 Feb 2010 18:54:56 -0800

Home Loan Modifications, Short Sales and Automated Valuation Model

Investors Needed to Help Homeowners Retain Their Properties and Earn a Great ROI !!!

Mark Archer (Realty ONE Group) — Sat, 30 Jan 2010 17:59:50 -0800

NOTE REDUCTION PROGRAM

Premier Financial Partners is a New Jersey based Corporation formed in 2006 with a mission to help commercial and residential property owners to maintain possession of their property by seeking ways to modify or amend the terms of their notes. To Date our experienced staff of negotiators has successfully negotiated in excess of 2500 transactions with all the different financial institutions.

We propose to seek out qualified residential and commercial property owners with notes on their property that meet select criteria to qualify them as non-performing assets. These criteria shall include: The property must be appraised and found to be true that the current mortgage held is more than the current market value of the property; The Property Owners must be able to demonstrate and document a legitimate hardship that precludes them from meeting their current obligation; The property owners must be at least sixty days past due on their current note; The Property Owners must have a verifiable income for at least the past three out of five calander years, with no less than a consecutive one year. Their backend Debt to Income ratio may not exceed fifty percent. Upon obtaining a good faith agreement from the owners of their intent to retain the property if a more amenable set of terms can be arranged to modify the note to, we intend to approach the financial institution holding the note and negotiate to purchase the note between forty to sixty percent of the current appraised market value of the real property, irrespective of the current face value of the note. After obtaining the note from the current holder we will modify the terms of the note with the homeowner to ninety-five percent of the current market value at an interest rate four points over prime per annum, for thirty years with a three year pre-payment penalty of five percent. After the current property owner successfully makes the payment for at least six months we will seek to help the investor to re-sell the now performing note to a financial institution or another source as soon as possible. The targeted amount will be between sixty-five and eighty-five percent of the new note value. The investor may also choose to keep the note; this will be the sole decision of the investor. The investor shall have all control of the new note and will have the final say when and if they wish to sell.

Each investor may invest as much in this venture as that investor deems
prudent to invest. The minimum investment shall be $100,000.00. The total fee to be paid to PFP will be twenty-five percent of the total investment. These monies will be paid on the following schedule. Fifteen percent out of the total twenty five percent will be paid upfront for operating expenses. The remaining ten percent will be paid as a performance guarantee fee. The remaining ten percent will be released at the time the discounted note has been purchased from the lender. It shall be the responsibility of each investor to perform his or her own due diligence to determine the level of risk and potential for profitability. Each investor shall be able to decide which types of properties he is willing to finance. (E.g. Commercial, Residential, Multifamily, Single family residence, ETC.) No investor's funds shall ever be used in conjunction with another's to purchase the same note. Each note will be held by a single investor. The size of the note shall be determined by the funds made available from each investor. Each investor may also specify which of the United States and its Territorial Possessions to invest in or may leave that decision to the discretion of PFP. Once funds have been approved by the investor and made available, PFP shall seek out the best qualified property owners meeting the following necessary standards:
1. Loan MUST be at least 125% Loan to Value Ratio.
2. Property Owner MUST have employment for at least 36 months out of the past consecutive 60 months with no less than ONE consecutive year.
3. The Back End Debt to Income ratio must meet 50%or less.
4. Must provide proof of financial hardship with at least 60-90 days in arrears on mortgage (s).

CALL ME FOR MORE DETAILS... 623-444-4498

BANKS ACCUSED OF SHORT SALE FRAUD..... I AM SHOCKED... NOT !!!

Mark Archer (Realty ONE Group) — Fri, 15 Jan 2010 18:30:39 -0800

http://www.cnbc.com/id/15840232?video=1386789534&play=1

Most people would say UNBELIEVABLE !!! All I can say is Why would anyone be surprised..... The banks are scamming the people and our government is allowing them to do so.... I can't wait to hear the administrations response to this.... Click the link it is GOOD LISTENING....

WE NOW HAVE THE ONLY PROGRAM USED BY BANKS TO ACHIEVE LOAN MODS & SHORT SALES...

Mark Archer (Realty ONE Group) — Thu, 14 Jan 2010 16:28:07 -0800

I CAN COUNT ON ONE HAND THE AMOUNT OF COMPANIES PRIVI TO THIS SOFTWARE. THE BANKING COMMUNITY DOES NOT WANT THIS INFO MADE AVAILABLE TO THE PUBLIC. DON'T BELIEVE ME??? THAT IS OK CAUSE I CAN BACK UP WHAT I SAY!!!! CALL FOR DETAILS I WILL SHARE THE KNOWLEDGE....

PHOENIX - HOME LOAN MODIFICATIONS AND COMMERCIAL LOAN MODIFICATIONS - PHOENIX

REC a Real Estate Consulting Company. We are Authorized Affiliates of PCAG which is a group of Attorneys and Negotiators who will aggressively negotiate on your behalf.

Lower interest rate
Extend the term of the note
Reduce the amount of the note

If you answer YES to any of the below you may qualify for a modification;

Fill out our contact form or call us today so we can help you Hold on Tight to Your Dreams!

CALL NOW AND LET'S GET STARTED TODAY! 623-444-4498

PHOENIX - HOME LOAN MODIFICATIONS AND COMMERCIAL LOAN MODIFICATIONS - PHOENIX

TAKE ACTION TODAY....

Mark Archer (Realty ONE Group) — Thu, 10 Dec 2009 22:09:32 -0800

CONTACT CONGRESS: Support Judges Modifying Mortgages NOW! Otherwise, It's All Up to the Banks.
Posted: 10 Dec 2009 06:20 PM PST
SCROLL TO BOTTOM FOR BUTTON THAT MAKES IT SIMPLE TO CONTACT YOUR REPRESENTATIVE IN CONGRESS. YOU DON'T EVEN NEED TO KNOW HIS OR HER NAME... JUST YOUR NAME, ADDRESS AND ZIP CODE.

In the next 2-3 years, it is estimated that there will be an additional 14 million foreclosures in this country. That will make the total roughly 20 million homes lost in this catastrophic recession.
But it won't stop there. Foreclosures breed foreclosures. And 20 million foreclosures just means that millions more homeowners will find themselves seriously underwater... owing quite a bit more than their house is worth... and they'll walk away... just like 18% are doing now. And that will mean even more foreclosures after that. And that will mean everyone's property values continue to fall, which will bring even more foreclosures.
Both President Bush and President Obama have tried to put plans in place to stop the flood of foreclosures... BOTH HAVE FAILED. Why? Isn't it obvious?
The banks cannot be trusted to act in anyone's interest but their own. The government has given them hundreds of billions of dollars, after they bankrupted themselves. And yet, they act as if it's business as usual.
This year alone, the major banks in this country are paying out $91 BILLION in BONUSES to their executives!

The only answer is to allow judges to modify mortgages for homeowners in bankruptcy court. Here are a few facts that will show you why this is so important:
1. President Obama's Making Home Affordable program was designed to work with "a carrot and a stick". The "carrot" is the money banks receive when they modify a loan, and the "stick" was supposed to be allowing judges to modify the loans. Without the "stick," the plan cannot work.
2. Banks don't modify their behavior for the same reason I wouldn't modify my driving habits if there weren't Highway Patrol officers out there to give me a ticket or take me to jail if I drive 100 miles per hour. No stick.
3. Allowing judges to modify mortgages in bankruptcy court WILL NOT increase borrowing costs in the future, which is what the banking lobby is saying and wants you to believe. The amendment only allows judges to modify mortgages that are already in existence when the bill is signed. It will have NO EFFECT on borrowing in the future whatsoever. NONE.
4. If we allow judges to modify mortgages on primary residences, chances are they'll never get the chance... because the banks will modify them... like they're supposed to.
5. Judges can already modify every other type of loan in bankruptcy court, just not mortgages on primary residences. Allowing them to do so will help stop the foreclosure crisis that is hurting every homeowner in America... AND IT WON'T COST THE TAXPAYERS A DIME!

Our economy cannot begin to recover until we stabilize the housing market. We've tried letting the banks decide... and look where we are today.
The only people opposed to this amendment are the bankers and financial service companies. We can't turn our country over to them, can we?
Click the button below NOW, 24/7. There is literally NO TIME TO SPARE... You don't even need to know your representative's name. All you need to know is your own name, address, phone and zip code. The letter is already written for you. Just enter your information and click the button to send. It's that simple and takes less than a minute. OR YOU CAN CALL 877.354.4958 DURING REGULAR BUSINESS HOURS.

DO IT NOW. IF YOU DON'T, IT WILL ALL BE UP TO THE BANKS.

EMERGENCY!! PLEASE TAKE ACTION RIGHT NOW... SAVE BANKRUPTCY REFORM!
Posted: 10 Dec 2009 01:45 PM PST
JUST MINUTES AGO...
House Rules Committee agreed to allow the bankruptcy modification amendment THAT WOULD ALLOW JUDGES TO MODIFY MORTGAGES to be considered on the House floor as an amendment to the broader financial services reform bill AS EARLY AS THIS AFTERNOON!!
THIS AMENDMENT IS BEING FIERCELY OPPOSED by the BANKS AND FINANCIAL SERVICES communities and we NEED to get people CALLING in IMMEDIATELY.
PLEASE TAKE TIME NOW TO contact your friends, family and business associates... stop whatever your staff is doing to give them time to call in. Put it on your Facebook pages, on your LinkedIn pages, Twitter it... re-tweet it! PLEASE DO IT RIGHT NOW!
IT'S SUPER EASY TO DO:
Phone toll free at: 877.354.4958
Put in your zip code
When you reach the receptionist:
State your name
Say that you are a constituent
Ask the Representative to vote FOR the Conyers-Turner-Lofgren amendment (#201) to the Financial Services Reform bill.
This amendment will cost taxpayers NOTHING and will save millions of homes from foreclosure. IT MUST BE CONSIDERED...
IF THE LINE IS CLOSED, BECAUSE CLOSES AT 6:00 PM...
Email your Senators (24/7) using the link below, which will lead you to a sample email that you can edit and personalize. YOU DON'T EVEN NEED TO KNOW YOUR REP'S NAME... CLICK AND GO!
Email Your Congressional Representative Now

PLEASE READ AND ACT NOW... VERY IMPORTANT...

Mark Archer (Realty ONE Group) — Thu, 10 Dec 2009 16:43:51 -0800

EMERGENCY!! PLEASE TAKE ACTION RIGHT NOW... SAVE BANKRUPTCY REFORM!

JUST MINUTES AGO...

House Rules Committee agreed to allow the bankruptcy modification amendment THAT WOULD ALLOW JUDGES TO MODIFY MORTGAGES to be considered on the House floor as an amendment to the broader financial services reform bill AS EARLY AS THIS AFTERNOON!!

THIS AMENDMENT IS BEING FIERCELY OPPOSED by the BANKS AND FINANCIAL SERVICES communities and we NEED to get people CALLING in IMMEDIATELY.

PLEASE TAKE TIME NOW TO contact your friends, family and business associates... stop whatever your staff is doing to give them time to call in. Put it on your Facebook pages, on your LinkedIn pages, Twitter it... re-tweet it! PLEASE DO IT RIGHT NOW!

IT'S SUPER EASY TO DO:

Phone toll free at: 877.354.4958

Put in your zip code

When you reach the receptionist:

State your name
Say that you are a constituent
Ask the Representative to vote FOR the Conyers-Turner-Lofgren amendment (#201) to the Financial Services Reform bill.
This amendment will cost taxpayers NOTHING and will save millions of homes from foreclosure. IT MUST BE CONSIDERED...