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foreclosure: Bankruptcy VS. Loan Modification (Another legal Scam)
- 11/17/10 03:31 AM
Bankruptcy VS. Loan Modification (Another Legal Scam)
I have found out recently that there are Attorneys out there advertising to help homeowners in distress obtain a loan modification. But once the homeowner contacts the Attorney, they are told a Bankruptcy would be a more favorable option for them or that they do not qualify for a loan mod. I know this because my clients have informed me. It's a sick, but legal way to scam the public. Because in most of these cases, the homeowner would qualify for a loan modification. But these Attorneys are more focused on … (2 comments)
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foreclosure: Foreclosure,Foreclosure,Foreclosure!!!!!!
- 08/23/10 04:58 PM
Homes lost to Foreclosure up 6 % from last year
Most folks want to stay in their home, therefore, the most popular option for the distressed homeowner is loan modification. This is the process where the homeowner's mortgage is modified (changed) and both the lender and homeowner are in aggreeance with the new terms. This allows the homeowner to stay in their home and afford the new monthly payment. On the other hand, Loss mitigation allows the lender to take a less of a loss now in order to avoid a much greater loss caused by a Foreclosure, Foreclosure, Foreclosure,Foreclosure!!!!!! . Most loan modifications result in lowered interest rates, reducing … (1 comments)
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foreclosure: Loan Modification Attorney Canyon County, ID (Idaho)
- 01/19/10 07:43 AM
Loan Modification Attorney Canyon County, ID (Idaho)Author:
C Thompson
Loss Mitigation Case Manager
407-219-8739
Toll Free: 1-(877)-646-4331
This blog is to inform those of you in Canyon County, IDwho are looking for guidance when searching for a legit loan modification third party negotiator. So many homeowners are being taken advantage of or being ripped of by companies who portray themselves to be something they're not. The fact of the matter is that 75% of loan modification companies are either scam artists or inexperienced and misleading. Your best bet is to stay clear of these so called "loan modification companies" or "attorney-based loan modification … (0 comments)
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foreclosure: Loan Modification For your Investment Property
- 09/02/09 06:44 AM
Loan Modification For your Investment Property
It is estimated that 13% of all foreclosures are investment properties. Investors....did you know you can get help with this? Just because it's not your primary residence doesn't mean it's not an important issue. Just because Obama's programs do not include investment properties doesn't mean you can't get relief. If you were to foreclose on your investment property, the lender would take a huge loss, same as if the property was owner-occupied. Therefore, a loan modification for your investment property is obtainable.
Do you have a delinquent tenant and can't afford payments?
Did you … (30 comments)
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foreclosure: South Carolina (SC) Foreclosure Process
- 08/29/08 02:33 PM
South Carolina Foreclosure Process
When you develop a definite plan of action with well-timed, well-informed steps, you can stop the foreclosure process and save your home. We have outlined the foreclosure process for the state of South Carolina. Judicial Foreclosure Available: Yes Non-judicial Foreclosure Available: No South Carolina uses judicial foreclosure. The lender must file a lawsuit and seek either an order of sale or a judgment for the loan balance against the borrower or both. Sale Procedures Time The hours of sale shall be between 11:00 and 5:00. However, no sale may be made after the sheriff declares the sales … (0 comments)
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foreclosure: Cannot afford Loan Modification or Loss Mitigation?
- 08/10/08 05:15 PM
If you cannot afford the fees or payment for a loan modification or loss mitigation program at this time, but still want to keep your home, there is an alternative for you. I am not talking short sale here, but of course that is an option. Some people feel their circumstances will change in the near future, but not before their home is foreclosed.
You may want to consider renting your property out on a month to month basis. You could ask for the loan mod or loss mitigation fee to be paid by your new renter which would … (6 comments)
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foreclosure: DEED SCAM -DISTRESSED HOMEOWNERS BEWARE!!!
- 08/05/08 08:01 AM
Here is an example on how to help educate distressed homeowners. It's sick but is really happening. These poor people are facing a crisis and seek help from a company whom they trusted. This is why it makes it so hard for us "Legits" to step in and help. But, because of this, I think it's a great way to build a repore with our clients. Be honest, diligent, and treat them with integrity. This scam is an extreme incident, but it just goes to show you how desperate people are when seeking help and how eager they are to trust … (3 comments)
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foreclosure: How to Avoid Loan Modification Scams
- 08/04/08 08:59 AM
How to avoid Loan Modification scams
This is the biggest dilemma a homeowner is faced with when looking for help to avoid foreclosure. Who to choose, where to start and who is legit? It's not a secret that nearly 75% of Loan modification companies are fraudulent or scam artists.
Loan modifications are in high demand right now. This makes it easy for scammers to pray on innocent people who usually will end up victims. Many lose their homes and the fee they invested for mitigation services. What's worse is, many homeowners entrust their last dime to an outside source who … (55 comments)
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foreclosure: Made Easy By Google Sites
- 08/01/08 06:59 AM
I finally completed my personalized website. I used google sites to design it (it's free) and signed up with Go Daddy for the domain. I decided to make it a little different and gear it towards easy reading and funny pictures to brighten up someones day. Because, people who are facing foreclosure are already distressed and anxious. I also got this tip from a web designer (whom I can not afford at this time LOL). She said " Don't make it all about business. Let your clients know you are a real person with feelings and be able too express yourself … (0 comments)
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foreclosure: Why won't my lender work with me?
- 06/23/08 09:57 AM
Why Won't My Lender Work With Me?
See this disturbing video about a congress woman who tried to help 3 homeowners modify their loan. http://abcnews.go.com/video/playerIndex?id=6704983
What the lenders fail to realize is this is now the time to communicate with the homeowner. 'Hardship Conditions' have a tendency to be temporary in nature. Many families or individuals have now rectified that hardship condition and can now resume making monthly mortgage payments. Although mortgage companies do have Loss Mitigation departments, the reality here is mortgage companies are in the "NOTE" business.
Why won't my lender work with me? They are not in the … (10 comments)
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