The mortgage crisis has left millions of mortgage holders in danger of losing their homes to foreclosure. For those in need of urgent help to avoid ...
The mortgage crisis has left millions of mortgage holders in danger of losing their homes to foreclosure. For those in need of urgent help to avoid foreclosure, Our Mortgage Mess offers assistance and a chance to air complaints and concerns about mortgage company practices. Homeowners can request help on a number of issues, including stopping foreclosure proceedings, working with mortgage companies and the problems of accepting foreclosure and turning over your home. Most importantly, this site serves as a sounding board for homeowners in trouble, preserving the accounts of their problems as a historic record of the unfair and unreasonable behavior of banks and lending companies during the current housing crisis.
Many mortgage companies are unwilling to work with borrowers who have fallen behind on their payments. At Our Mortgage Mess, customers can explain how banks and mortgage companies are using underhanded methods, even refusing to accept payments, in order to proceed with foreclosure and take away family homes. These predatory lending practices have even come to the attention of federal agencies, prompting the Obama administration to propose a new Consumer Financial Protection Agency to protect consumers from unscrupulous mortgage lenders and banks. This proposal, brought before the U.S. House of Representatives in September 2009, faces steep opposition from major banking institutions who regard it as an unneeded restraint on their ability to make and collect loans. Plan proponents view it as a much-needed safeguard against the predatory credit card and mortgage loans and made by unscrupulous lenders in recent years.
Mortgage holders in danger of losing their homes can post their stories at http://ourmortgagemess.com and request help and advice with their mortgage problems. Blog entries paint a horrifying picture of mortgage companies refusing to accept payments so that they can collect higher interest rates, foreclosures forced through in spite of repeated efforts to refinance, and companies forcing people out of their houses with no regard to personal situation. Many lending companies are simply refusing to participate in federal programs designed to help people retain their homes, or are providing misinformation to those who try to qualify for these programs, essentially undermining homeowners in their attempts to retain their family homes.
The blog entries at Our Mortgage Mess demonstrate the sad plight of many homeowners, and the callous and greedy approach that lenders take in these situations. These stories highlight the need for legislation and consumer protections in order to end these hateful practices. Treasury Secretary Tim Geithner agrees, stating, “Consumer protection cannot be reformed without addressing these structural problems.” The current housing crisis is proof that large financial organizations cannot be trusted to put the needs of consumers before their own profits; only by standing up to these corporate raiders can mortgage holders hope to stop these shameful and predatory practices by lending companies.
Unreasonably high interest rates, uncooperative mortgage companies, and financial hardships can create an impossible squeeze on the average homeowner. It is essential to record the worst excesses of the financial institutions to ensure that their predatory practices are not buried under a mountain of bureaucracy; Our Mortgage mess offers homeowners the chance to tell their stories in their own words. The tragic accounts of homes lost and dreams destroyed are a sobering reminder of the lingering effects of the failure of the housing market and the lending industry as a whole and stop the madness.
Adam Whazzer has been a mortgage expert for years” Adam has offered and to foreclosure victims for years. If you are facing foreclosure, stop by for More Info On this Subject
Foreclosure. In todays rough economic times, more and more people are facing this intimidating, confusing and often scary prospect. Like any problem that threatens the well-being of ourselves or our home, foreclosure can cause a lot of different reactions in the people who face it. One of the all-too-common reactions of many homeowners today is to simply ignore the warnings of foreclosure, destroying letters or hiding them from their spouse, hoping that something will turn up to prevent the foreclosure from going through.
Although this type of denial is a usual human reaction to situations that are scary and unfamiliar, ignoring a foreclosure document or notice can be devastating. The foreclosure process is the first step in a series of steps that will eventually lead to the loss of your home. Ignoring the problem will not make it go away; in fact, by ignoring foreclosure in its earliest steps, you may be missing opportunities to postpone the process, allowing you time to seek relief and find the answers that can help you stay in your house, or sell it yourself rather than have it sold out from under you.
Foreclosure is a complicated process, and one which can be overwhelming for an average homeowner to comprehend. The letter of intent to foreclose, which is often the first announcement of the foreclosure process, can strike terror into an individual. But the key is to remain calm, and to seek out legal advice immediately, while there are still options to consider that can keep you in your residence.
Bankers are in the cash business; they don’t want to own homes. The foreclosure process is a long and time-absorbing effort, and in the end, the bank or other lending institution is left with a home which they now must sell. For this reason, most bankers are more than willing to work out payment plans that can help you keep your residence property. But time is of the essence. By consulting with a professional early in the foreclosure process, you can often work out payment arrangements that will suit your budget, helping you to remain in your home and retain ownership.
By disregarding the early steps of the foreclosure process, you can lose valuable opportunities to refinance. In many cases, ignoring the foreclosure process has resulted in the sale of homes and eviction of the homeowners, who find themselves searching for a new place to live. In most cases, had these men and women consulted with experts in the early stages of foreclosure, they could have saved their houses. If you’re facing foreclosure, you owe it to yourself and your financial future to seek professional advice at the earliest stages of the foreclosure process, to save your home and your financial future.
Adam Whazzer has been a stop foreclosure expert for years” Adam has offered and to foreclosure victims for many years. If you are facing foreclosure, stop by for More Info On this Subject
It ’s really difficult to see that we as a people have not found from our past and are once again starting to cycle it. I’m not trying to be negative just for the reason of bringing down your hopes but I’m trying to save some trouble for someone and hoping that someone will pay very close attention to what I am about to say.
Just in case you have missed the majority of the last couple years, PLEASE NOTE: MODIFICATION COMPANIES ARE A ROTTEN! Please know that I am, saying this since I have lived and worked on all 3 sides of the business. After having experienced what it’s like to be involved on both sides of the business I can truly say that there are so many pitfalls for the average Homeowner that tries try to navigate the Loan Modification / Foreclosure Defense process alone.
There are so many little things that can be missed while going it alone in matters of Foreclosure. If you miss one piece of mail After all it is your HOUSE and your family safety on the line. The SCAMS are endless, people impersonating Attorneys, altering numbers on HUD statements so they can pocket the difference through title. What is wrong with society today, its almost as if the whole world has gone insane? If you are a mortgage holder at risk loosing your house to foreclosure, the best advice I can give you is to think lucidly and evaluate the situation from a calm perspective with a Loved one (someone you trust) and brainstorm for a solution or plan of action after you have taken the time to research a good attorney who has given you a professional perspective on the subject.
After having worked in the Mortgage Biz for years, I left because I saw where the industry was heading and I really didn’t want to have to carry the burden of guilt for putting people in Loans I didn’t agree with. It always seemed that in the Mortgage business the only thing they cared about were numbers, volume of sales and Yield Spread, to be more exact it was all about anything that stuffed more money in everyones pocket.
The truth is I really feel good about what I do now because I know we are genuinely helping people and I know that our attorney is governed and held accountable by the Bar Association in our state. It’s much more comforting to work in an industry where the agency regulating your industry plays more of an active roll in protecting the public. Do your homework and THOROUGHLY investigate any firm before hiring them to save your biggest asset and the place you call “home”. Most State Bar Association Sites have a member search which can help you get a background report on who you are considering to protect your home.
Just think about it before you trust anyone other than a Licensed Attorney to protect your dwelling. Would you give another Penny to the people that sold you your Predatory Mortgage in the first place??? Remember, statistics show that most of those same slimers transitioned from Mortgage Lending into “Home Saving”, so think about that before you let them make you a victim a second time.
Adam Whazzer has been a financial expert for years” Adam has offered and to foreclosure victims for nearly’ years. If you are facing foreclosure, stop by for More Info On this Subject
my purpose for writing this article is only to create awareness for the benefit of Homeowners and Families at hardship. I work for a Law Firm specializing in the representation of Homeowners and Families in danger of Foreclosure. What the note holder doesn’t tell you is that in most scenarios, the Mortgage Modification terms the banks are willing to give you voluntarily when you modify your loan directly with them are in most cases substandard in comparison to the modification terms you will receive when hiring an attorney who specializes in Loan Mods and Foreclosure Defense. Again, I am not a Attorney but I have been working for a Foreclosure Defense law firm for longer than most authors on the subject and my Mortgage Lending experience is extensive, including several years in the Loan Origination and Correspondent Lending arenas.
Working for a Loan Modification & Foreclosure Defense law firm, in my personal daily experience it has become very clear that a good law firm is most often able to negotiate much better modification terms for homeowners than banks are normally inclined to give when a borrower engages in direct dealings without representation. In some cases I’ve even seen scenarios where the law firm is able to secure modifications to a mortgage which result in interest rates an repayment plans for “B-C Paper” or Sub-Prime Borrowers which are far superior than those available to “A Paper” borrowers with spotless credit histories and FICO scores above 720.
Loan Modifications (also referred to as Loan Mods), when originated by licensed attorneys, can be very effective methods of avoiding foreclosure before it starts by adding changes to the original terms of your mortgage. Altering your mortgage terms can be a HUGE savings in regards to your Monthly Payments, Interest, and even Mortgage Terms in regards to the number of years in which you have to repay the loan, and sometimes resulting in a great savings due to a reduction to the Principal Balance amount owed on the loan.
Forensic Audit is one of many ways used to expose Fraud and other critical Mistakes made on behalf of the Lender during the origination and closing. Forensic Audits identify things like Forgery or Violations of the R.E.S.P.A. (Real Estate Settlement Procedures Act), T.I.L.A. (Truth In Lending Act), among others in relation to Federal Guidelines and Regulations which must be strictly adhered to by professionals working in the Mortgage Lending Industry. Once discovered these violations can become essential to the defense of your home and Mod of your loan. Lenders are often much more inclined to work with homeowners to give loans in their best interests when there is an attorney behind them with enough artillery in their war chest to influence a Judge to rescind or take the loan back from the bank.
Banks have become the casinos and if they had it their way “The House Would Always Win” Do yourself a a good turn and put the cards in your favor by hiring a Foreclosure Defense Law firm. This way you can win instead!
Adam Whazzer has been a mortgage guru for years” Adam has offered and to foreclosure victims for nearly 5 years. If you are facing foreclosure, stop by for More Info On this Subject
Mortgage Defense Attorney – Assisting Households to avoid Bankruptcy
The last couple of years have been quite bad for the home market. Families are facing foreclosure and losing their dwellings. According to stats, in Florida 4% of all the mortgages are facing foreclosure proceedings. It is obvious that the situation is really bleak; however, a homeowner can seek the help of a foreclosure defense attorney to know their options.
The fact is that for a vast majority of families foreclosures are stressful, confusing and overwhelming because they do not know much about the foreclosure proceedings. They are not knowledgeable of the fact that there are solutions available to homeowners that can help them avoid foreclosure proceedings.
Loan Modification
A specialized foreclosure defense lawyer can lay out the options available to property owners who are facing foreclosure. Under the Housing Bill passed by President Obama, property owners looking at foreclosure can go for foreclosure defense. Assistance of a foreclosure defense council can help a property owners negotiate the mortgage modification with the lenders.
Short Sale
Still another option that homeowners have is that of a short sale. Under this option the homeowners will sell the mortgaged property for less than balance owed on the loan. The proceeds of the sale are given to the lender. Before the sale, the short sale attorney will work with the bank. The short sale lawyer will convince the bank that due to economic or financial hardship, the bank should agree to discount the mortgage balance. Therefore, after the house is sold the remaining balance is discounted.
Deed In Lieu
Another way that a property owner can avoid foreclosure is by opting for deed in lieu. The home-owner’s property lawyer will negotiate with the mortgage holder. The owner will sign over the deed or title of the property to the bank and the bank in return will cancel the mortgage.
Bankruptcy
Another option that a lawyer can suggest to a owner is that of filing bankruptcy in the event they already have gotten a sheriff’s sale date. This will not only stop all foreclosure proceedings but will also give a chance to the property owner to repay some of the debt and retain the home.
Refinancing
An attorney can also suggest the option of refinancing to avoid foreclosure. Refinancing simply means that the owner replaces the existing mortgage with a new one. In most cases, the new mortgage comes with lower interest rates and better terms and conditions.
Reverse Mortgage
A is a very good solution that a foreclosure defense council might suggest is that of reverse mortgage. This is simply a loan against the home. A land owner does not need to repay the loan as long as he/she lives there. However, this option is mostly available to those who own the property and are over 62 years of age.
Contesting Foreclosure
In many cases it has been seen that property owners can successfully contest foreclosure proceeding. A foreclosure defense lawyer can help property owners find the legal grounds on which the proceedings can be challenged. It might be possible that the mortgage company has filed the foreclosure proceedings illegally. A attentive homeowner with the help of a foreclosure defense attorney will be able to figure out what is illegal about the proceedings.
The bottom line is that there are several options available to property owners to help them avoid foreclosure. It is up to the owners to seek these options. A foreclosure defense attorney will act as a specialist guide in their efforts to end foreclosure.
Adam Whazzer has been a mortgage mitigation expert for 20 years” he has offered and to foreclosure victims for nearly 18 years. If you are facing foreclosure, visit DvorakPa.com More Info On this Subject
Home foreclosure is one of the greatest fears of families due to debt. Even though this is true we often take our bills for granted in favor of our credit cards. Before we know it bills have easily stacked up and we end up not knowing who to pay first to stop the calls, and the current economy is not making this situation any easier.
Even though your house is being foreclosed there are still legal procedures to follow. Your lender can’t just kick you out of the house. There are laws that protect homeowners from these situations. Here are some of the important facts you need to know when facing a foreclosure.
If I fail to pay my mortgage can I get kicked out of my house?
In short: No. The only time you can be removed from your house is with a court order…and that means that you must follow legal procedures.
How long does the foreclosure take before they take my house?
Well depending on how hard the lender pushes the case, it can take as long as six months.
After the foreclosure, do I have to leave the house?
No you don’t have to. After the foreclosure auction ends the ownership will be transferred from you to the highest bidder. You will become a tenant of the house. The new owner must also follow legal procedures before he or she can evict you out of the house.
In some cases you can become just a “renter” to the new owner. (this is dependent on the new owner of course)
What happens when I get evicted?
The new owner of the house will send you a notice to leave the premises. (The notice usually gives you 72 hours.) If you fail to follow the notice the new owner must present his case to the court before a judge to get an order for you to be evicted. The judge will be the one to decide if you should be evicted or grant you more time. If you fail to follow the court order the new owner may procure an execution of the eviction order. this is when the sheriff shows up and escorts you from the property.
The sheriff will give you a notice of the execution and give you 48 hours to pack and leave. If you fail to follow the notice this is the time when the sheriff can physically move you out of the premises.
Doc Schmyz has invested all over the US. His website shares information for all over the US. Find
It ’s really difficult to see that we as a people have not learned from our past and are once again starting to cycle it. I’m not trying to be negative just for the sake of bringing down someone’s hopes but I’m trying to save some heartache for someone and hoping that someone will pay very close attention to what I am about to say.
Just in case you have missed the majority of the last couple years, PLEASE NOTE: MODIFICATION COMPANIES ARE A TERRIBLE! Please understand that I am, saying this because I have lived and worked on all 3 sides of the business. After having experienced what it’s like to be involved on both sides of the business I can truly say that there are so many pitfalls for the average mortgage holder that tries try to navigate the Loan Modification / Foreclosure Defense process alone.
There are so many little details that can be missed while going it alone in matters of Foreclosure. If you miss one piece of mail After all it is your HOUSE and your family safety on the line. The CONS are endless, people impersonating Attorneys, altering numbers on HUD statements so they can pocket the difference through title. What is wrong with society today, its almost as if the whole world has gone insane? If you are a mortgage holder at risk loosing your house to foreclosure, the best advice I can give you is to think lucidly and look at the situation from a calm perspective with a Loved one (someone you trust) and brainstorm for a solution or plan of action after you have taken the time to research a good attorney who has given you a professional perspective on the subject.
After having worked in the Mortgage Biz for years, I left because I saw where the industry was flowing and I really didn’t want to have to bear the burden of guilt for putting families in Loans I didn’t agree with. It always seemed that in the Mortgage business the only thing they cared about were numbers, volume of sales and Yield Spread, to be more exact it was all about everything that stuffed more money in everyones pocket.
The truth is I really feel good about what I do now because I know we are genuinely helping people and I know that our attorney is governed and held accountable by the Bar Association in our state. It’s much more comforting to work in an industry where the agency regulating your industry plays more of an active roll in protecting the public. Do your homework and THOROUGHLY investigate any firm before hiring them to save your biggest asset and the place you call “home”. Most State Bar Association Sites have a member search which can help you get a background report on who you are considering to protect your home.
Just think about it before you entrust anyone other than a Licensed Attorney to protect your dwelling. Would you give another Dime to the slime that sold you your Predatory Mortgage in the first place??? Remember, statistics show that most of those same people transitioned from Mortgage Lending into “Home Saving”, so think about that before you let them make you a victim a second time.
About the Author:
Adam has been a mortgage expert for many years” Adam has worked with a for years and offers info on to predatory lending victims for nearly 4 years. If you are falling into foreclosure, come by for More Info On the Subject
Thinking about the choice of purchasing a home ” now that the price of housing has decreased to such an extent? When you first think about or come to a decision to purchase a home it is highly recommended within the realty community to seek out an obtain a pre-approved mortgage.
It can be said that there a load of difference between potential home purchasers , out on the prowl , who think that they are all set to do to sign the final documents , yet in essence they are only part of the way through the process. If you have not finished the entire process of documentation with your banking institution you are only half way there , and in no way ready to sign that really great deal or the house / home that you “must have”. Half way is not there nor complete.
It is always nice to dream , and work toward your ultimate goals in life , yet “reality what a concept” will always work its way into the marketing mix , or at least come to the forefront either with a seller or their Realtor qualifying you in the sales and “offer to purchase” “dance” or at the very least from your own real-estate professional politely reminding you what your financial realities and ultimate purchase options are.
In most cases , and from most financial institutions – be they actual banks , state banks , credit unions or the now more common mortgage broker – either in person , by phone and fax , or in 2009 / 2010 online, a formal mortgage of preapproval will consist of a credit check on the applicant or applicants, confirmation of course of the applicant’s income or streams of income, and also confirmation of the stated and assured “down payment ” or “deposit”. Lastly there will be confirmation that funds needed for “closing costs” are on board and readily available. If you do have concerns , that for the most part are valid and true, you can be assured that the role of your “Mortgage Ad-visor” will take the time and efforts to discuss the different mortgage financing options and terms that are currently available to you and your family at this point in the financial and real estate markets.
Lastly it cannot be overstressed not to get carried away with either your own ego or up selling on the part of the seller , their agent or even your professional Realtor. Your first responsibility is both to yourself , your mental state and the financial safety and well being of your family. Always remember that first and foremost.
Your House Has Been Auctioned And You Dont Know It
Freeze Foreclosure. In todays hard economic times, more and more people are facing this intimidating, confusing and often scary prospect. Like any problem that threatens the well-being of ourselves or our families, foreclosure can cause a lot of different reactions in the people who face it. One of the all-too-common reactions of many owners today is to simply ignore the warnings of foreclosure, destroying letters or hiding them from their spouse, hoping that something will turn up to prevent the process from going through.
Although this type of procrastination is a common human reaction to issues that are frightening and unfamiliar, buryingignoring a foreclosure letter or notice can be devastating. The foreclosure process is the first step in a series of actions that will eventually lead to the loss of your home. Ignoring the hassle will not make it go poof; in fact, by ignoring foreclosure in its earliest stages, you may be missing opportunities to postpone the foreclosure, allowing you time to seek help and find the answers that can help you stay in your home, or sell it yourself rather than have it sold out from under you.
Foreclosure is a complicated process, and one which can be overwhelming for an average homeowner to comprehend. The letter of intent to foreclose, which is often the first letter of the foreclosure process, can strike fear into an homeowner. But the key is to remain calm, and to seek out professional advice immediately, while there are still options to consider that can keep you in your home.
Bankers are in the money business; they dont want to own property. The foreclosure process is a long and time-consuming effort, and in the end, the bank or other lending agency is left with a home which they now must sell. For this reason, most lenders are more than willing to work out repayment plans that can help you keep your property. But time is of the essence. By consulting with a professional early in the foreclosure process, you can often work out payment arrangements that will suit your budget, helping you to remain in your home and retain ownership.
By ignoring the early steps of the foreclosure process, you can lose many opportunities to refinance. In many cases, ignoring the foreclosure process has resulted in the auction of homes and eviction of the owners, who find themselves searching for a new place to live. In most cases, had these men and women consulted with experts in the early stages of foreclosure, they could have saved their properties. If youre facing foreclosure, you owe it to yourself and your financial future to seek professional advice at the earliest stages of the foreclosure process, to save your home and your financial future.
About the Author:
Adam Whazzer has been a mortgage guru for years” Adam has offered and to foreclosure victims for nearly 5 years. If you are facing foreclosure, stop by for More Info On this Subject
A lot people still see no real connection between winning a foreclosure case and a good attorney. They still think they can win the process with just any attorney or even by themselves. Well, I am sorry to bust your bubble, but you need a very good lawyer if you are really going to win a foreclosure case or a attorney thats Willing to give you everything you need to end your own foreclosure.
You see, people still see no real connection between winning a foreclosure case and a good attorney. They still think they can win the process with just any lawyer or even by themselves. Well, I am sorry to pop your bubble, but you need a very good lawyer if you are really going to win a foreclosure case or a attorney thats Willing to give you everything you need to end your own foreclosure., especially those who are specifically trained to handle and win foreclosure cases, know what they are about. They also have the experience and skills in handling lots of cases like yours and they are best to help you stop the loss of your home, far more than you can ever imagine. I know it might cost you some money, which you currently might not even have, but hey – it’s worth it, especially when you consider that there’s a high chance of success at the end of the day. Now that foreclosures have become common place a lot of lawyers are willing to give you their stop foreclosure kit that contains all the paperwork and motions needed to end your own foreclosure.
One of the first and most important steps to getting the right attorney to help you is to look for those who were able to save their homes from foreclosure. Ask them the lawyer they used that can help you as well. You will be surprised how this simple tip will help you get the right attorney. Now Just ask for go to a place that will give you all the proper paperwork to file your own motions in court saving you tons of money.
But of course – a word of caution – Attorneys are good, especially those with experience in cases of foreclosure, but they are NOT always perfect. They win some and they lose some. But here’s good news for you – there’s far greater chance for you to win and save your home using a very good Attorneys than without one! Isn’t that reason enough to seek the help of one? Just ask or search on the web for “stop foreclosure lawyer” and you should be able to get everything needed to be able to do a DIY stop foreclosure program.
Now that foreclosure has become common place and there is more work for stop foreclosure attorneys than they can handle many of them are giving out a do it your self stop foreclosure kits for a small fee. If you cant hire a lawyerdo the next best thing and get yourself a kit!
About the Author:
Adam Whazzer has been a mortgage guru for years” Adam has offered and to foreclosure victims for nearly 5 years. If you are facing foreclosure, stop by for More Info On this Subject
