Full committee hearing on "legislative and regulatory options for minimizing and mitigating mortgage foreclosures." Witnesses included Henry Paulson, Secretary of the Treasury; Alphonso Jackson, Secretary of Housing and Urban Development; and Ben Bernanke, Chairman, Board of Governors of the Federal Reserve System.

1) We can now directly market to the people and companies posting on Craigslist. Let's say you want to reach all the people and companies currently posting in the San Francisco Real Estate section of Craigslist, we can do that by contacting them directly on your behalf! Email responses flow directly to the mailbox of your choice. Price is $.24/contact.

2) We have a new exclusive arrangement with Backpage, whereby we can post sponsor ads 15% less expensively than you could do so directly. These ads appear always on top of the listings for 7 days, and can NOT be deleted by staff or community. Great way to gain business and build Google Page Rank!

3) Craigslist Postings- we’re the leader in keeping companies listed on Craigslist, and can do the same for you. We hand-verify every post, and you are only charged for posts that actually make it out on to Craigslist. We charge $1/post if you purchase 500, or $.80/post if you purchase 1,000.

If you are interested in finding preforeclosure or foreclosure leads, here are some good sources.

If you know of any sources that good as well, we will leave this post open for comments.

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Stop Foreclosure to 100%

of YourHomes Value!

We use 27 Success Strategies that

SAVE YOUR HOME

FROM FORECLOSURE!

Our expertise in Stopping Foreclosures can restore your mortgage and will help you keep your home up to
100% of your homes value!

If you are currently behind on your mortgage payments and you want to keep your home, call us @

1-888-577-8338

We are specialists in working with your CURRENT lender and we will restructure your existing loan(s) by designing a unique, professional plan that both you and your lender will be happy with.

Regardless of your current situation, we can assist you through the use of government and non-government programs that your lender must comply with. We know what your entitlements are, so does the lender but they won't tell you.

• FREE Consultation.
• No obligation.
• Regardless of your credit!
• You probably don't need another loan - you already have one!

We fully appreciate homeowners in foreclosure or soon facing foreclosure have a serious dilemma on their hands and a short time to overcome the haunting possibility of losing their home.

Unlike other companies, we will not accept your case unless we know without any doubt that we can help you - that's why we have the highest success rate in the industry. Our loss mitigation / lender mediation experts are the best in the business.

With our amazing 99% success rate, it is no wonder that a whopping 20% of our business is from homeowners that already worked with another company!

We are experienced residential and commercial bankers and we understand that federal rules and lender foreclosure policies often conflict. Few companies have the ability to successfully work with current lender(s) and restructure a loan in foreclosure with incredible results that actually benefit the home owner.

• Experts that know how to help you resolve this situation.
• Over 50 years of combined experience.
• Are friendly and easy to work with!
• Have helped over 22,900 homeowners stay in their home in just the last 6 years.
• Program administered by retired Department of HUD Commissioner, both current & retired bank and real estate executives.
• We help 500+ home owners EVERY month.. That is equivalent to saving one small American town monthly!

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Script by Dagon Design

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5 Important Variables You Must Understand To Stop Foreclosure
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Americans are facing financial hardships at record paces and preventing their home from going into foreclosure has never been harder. The most obvious problem they face is how to stop their foreclosure, but they must also address their tarnished credit, a contracting mortgage market, their adjustable rate mortgage that is coming due and that mortgage pre-payment penalty most have. All of these variables are making it that much more difficult.

Ironically, homeowners that do not address all five of these areas correctly are frequently falling back into the same foreclosure a second time. One must remember that it’s the lenders job to collect money because they have a fiduciary responsibility to their stockholders and they have to collect money to pay dividends. It’s not their job to properly guide you to all the facts as some may believe. Homeowners for the most part are unaware of the guidelines to these unfamiliar programs and tell lenders what they think they want to hear; meanwhile they end up painting themselves into a smaller corner.

The profession of stopping foreclosure is loss mitigation. Since foreclosures are legal issues printed in local newspapers, fifty or more so called experts and attorneys will write to say that they can help or bankruptcy is the only way to save their home. Homeowners will typically find some interesting folks drawn to their ‘foreclosure opportunity’. Forget that bankruptcies commonly fail and you now must qualify, all those so called experts, if they really can help, only stop the foreclosure process and don’t address your whole problem.

Skilled loss mitigation specialist will cover everything you may or may not have thought about during these trying times. Finding the right ‘Loss Mitigation’ expert is the same as working with other professions people commonly use. If you break your foot, you go to a podiatrist. If you get sued, you retain an attorney. If you had a brain problem, you would seek out the best neurosurgeon that would take care of one of the most important parts of your body. Well correctly stopping the foreclosure process and retaining the largest financial investment most people have, is no different.

How Does A Contracting Mortgage Market Affect You?
Since late 2006, over 160 mortgage lenders went out of business and another 60+ were acquired by larger mortgage companies. The problems are even larger than that. Just look at all problems on Wall Street with the companies that dealt with the subprime mortgage market. Billion dollar companies that are now considered worthless because of the subprime mortgage market. The point to this is simple. Subprime mortgages that help people with bad credit are a thing of the past. If you have a foreclosure process you are facing, no matter what credit you had at one time, now you are bad credit and nobody wants that mortgage. Only credit repair and years of consistent new and good credit will fix this. This is another reason that you must have your mortgage interest rate and term addressed at this time.

Why Is Your Credit Important?
As just mentioned, no lender wants to offer mortgages to people with bad credit, regardless of the reasons for it. Mortgage companies are running scared. You need to be aware of the fact that your credit will be damaged for years.

You Have To Address Prepayment Penalties.
Even if you found a lender that might offer you a mortgage, homeowners that have prepayment penalties are finding that a refinance will gobble up 5% of the loan balance. Homeowners that are facing a foreclosure have obviously experienced previous financial stress, a new lender will charge 3 to 5 points and paying that 5% prepayment penalty will consume a large chunk of your equity. Refinancing is definitely not the best option in most cases.

Stop The Foreclosure.
Obviously, this must be addressed and ‘how do we actually stop the foreclosure?’. Lenders may offer a solution directly to a home owner but it is designed with the banks best interest in mind and frequently requires borrowers to meet impossible underwriting guidelines. Typically they approve plans that are outside a home owner’s budget. "The trick is to force the lender to approve a plan that is in the best interest of the home owner and their ability to pay their mortgage". Homeowners need to locate trustworthy representation. The majority of homeowners are able to solve their financial troubles in a relatively short time. They frequently can handle their bills but are $10,000 to $30,000 behind on their home loan and their lender won’t take partial payments. Often times, they have saved some money from the nonpayment but still are losing their home. We find that if the hardship that caused the mortgage delinquency has been resolved and with a professionally designed plan of action, it is very possible for us to stop foreclosure.

Adjustable Rate Mortgage Are The Secret Killers After You Stop A Foreclosure.
Wow, can we say anymore? The largest cause of the current foreclosure dilemma is adjustable rate mortgages that are coming due and they are adjusting. Not only are they are real problem but the also adjust annually so every year you will have to contend with, "Can I afford my home next year?" The continual stress is not good. High profile loss mitigation specialists will not only address this with the lender but they will also negotiate to lock you into a fixed rate mortgage, often at better mortgage rates than you had before!

Ben Bernanke’s speech to Congress about
adjustable rate mortgages and their effect on housing
Dated 9-21-2007

"Typically, we discover that the banks policies differ from what the law allows for", said Scott Pasinski. Mortgage companies may offer to make a deal with you, but those deals favor themselves and they request more money than you can afford or more than they really will accept. Most people are new to the foreclosure process and they do not make their best case. It appears that many lenders take advantage of these homeowners that are unaware of the process."

The clear choice when confronted with a home foreclosure is to leverage the years of experience that a professional Loss Mitigation Specialist has. In addition, it is important to remember that this is the least stressful and most cost effective option. In fact, a good specialist will not charge for the first consultation. This will allow a specialist the opportunity to see if the homeowner is a candidate for the program. The vast understanding and skill set of a professional typically assists homeowners out of foreclosure 98% off the time with all five of the most important addressed and positioned for a successful recovery.
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