• Categories

  • Contact Us
  • Credit
  • Credit Repair
  • Economic Impact of Foreclosures
  • Foreclosure Business Opportunity
    • Free Foreclosure Business Opportunity
    • Premium Foreclosure Business Opportunity
  • Foreclosure Laws
  • Foreclosure Leads
  • Human Impact of Foreclosures
  • Loss Mitigation
  • Mortgage Default
  • Real Estate Investor Programs
  • Short Sale
  • Stop Foreclosure
  • Uncategorized
  • US Foreclosure Statistics
  • What is?
  • www.MakingHomeAffordable.gov
    • Home Affordable Modification Program
    • Making Home Affordable

• Subscribe

  Enter your email address:

• Pages

  • About My Subprime Bailout 101
  • Foreclosure Business Opportunity
  • Foreclosure Laws In All 50 States
  • Loan Officer Qualifier
  • Login
  • Qualifying Application
  • Rehab Funding

• Recent Posts

  • Be Informed When Applying For The Home Affordable Modification
  • Making Home Affordable - Apply and Guidelines
  • President Obama Announces Housing Rescue Plan
  • Temporary Halt To Foreclosures Gives Homeowners Time To Act
  • Report: California Foreclosures Drop 31% In January

• Consumer Mortgage Reports

  • This Weeks Upcoming Mortgage News
  • Real Estate Sales Decline 7.2%
  • 11.3 Million Houses Underwater
  • Home Mortgage Rates Grew – Mortgage Applications Down
  • Foreclosures At All Time High
  • Pseudo Government Entity Raised Its Discount Rate
  • It’s Not Over – Mortgage Delinquencies Continue Their Climb
  • 33 Months of Coming Foreclosures
  • Obama Shifts From HAMP to HAFA, Why?
  • Fannie Mae & Freddie Mac Are Being Set Up To Fail

• Archives

  • September 2009
  • August 2009
  • February 2009
  • July 2008
  • June 2008
  • May 2008
  • December 2007
  • November 2007
  • October 2007
  • September 2007

Making Home Affordable - Apply and Guidelines

Making Home Affordable will offer assistance to as many as 7 to 9 million homeowners, making their mortgages more affordable and helping to prevent the destructive impact of foreclosures on families, communities and the national economy.

The Home Affordable Refinance program will be available to 4 to 5 million homeowners who have a solid payment history on an existing mortgage owned by Fannie Mae or Freddie Mac.A Normally, these borrowers would be unable to refinance because their homes have lost value, pushing their current loan to-value ratios above 80%.A Under the Home Affordable Refinance program, many of them will now be eligible to refinance their loan to take advantage of today’s lower mortgage rates or to refinance an adjustable-rate mortgage into a more stable mortgage, such as a 30-year fixed rate loan.

GSE lenders and servicers already have much of the borrowers information on file, so documentation requirements are not likely to be burdensome. In addition, in some cases an appraisal will not be necessary.A This flexibility will make the refinance quicker and less costly for both borrowers and lenders.A The Home Affordable Refinance program ends in June 2010.

The Home Affordable Modification program will help up to 3 to 4 million at-risk homeowners avoid foreclosure by reducing monthly mortgage payments.A Working with the banking and credit union regulators, the FHA, the VA, the USDA and the Federal Housing Finance Agency, the Treasury Department today announced program guidelines that are expected to become standard industry practice in pursuing affordable and sustainable mortgage modifications.A This program will work in tandem with an expanded and improved Hope for Homeowners program.

With the information now available, servicers can begin immediately to modify eligible mortgages under the Modification program so that at-risk borrowers can better afford their payments.A The detailed guidelines (separate document) provide information on the following:

Eligibility and Verification

• Loans originated on or before January 1, 2009.
• First-lien loans on owner-occupied properties with unpaid principal balance up to $729,750. Higher limits allowed for owner-occupied properties with 2-4 units.
• All borrowers must fully document income, including signed IRS 4506-T, two most recent pay stubs, and most recent tax return, and must sign an affidavit of financial hardship.
• Property owner occupancy status will be verified through borrower credit report and other
  documentation; no investor-owned, vacant, or condemned properties.
• Incentives to lenders and servicers to modify at risk borrowers whohave not yet missed payments when the servicer determines that theborrower is at imminent risk of default.
• Modifications can start from now until December 31, 2012; loans can be modified only once under the program.

Loan Modification Terms and Procedures

• Participating servicers are required to service all eligible loans under the rules of the program unless explicitly prohibited by contract; servicers are required to use reasonable efforts to obtain waivers of limits on participation.
• Participating loan servicers will be required to use a net present value (NPV) test on each loan that is at risk of imminent default or at least 60 days delinquent.A The NPV test will compare the net present value of cash flows with modification and without modification.A If the test is positive meaning that the net present value of expected cash flow is greater in the modification scenario the servicer must modify absent fraud or a contract prohibition.
• Parameters of the NPV test are spelled out in the guidelines, including acceptable discount rates, property valuation methodologies, home price appreciation assumptions, foreclosure costs and timelines, and borrower cure and re-default rate assumptions.
• Servicers will follow a specified sequence of steps in order to reduce the monthly payment to no more than 31% of gross monthly income (DTI).
• The modification sequence requires first reducing the interest rate (subject to a rate floor of 2%), then if necessary extending the term or amortization of the loan up to a maximum of 40 years, and then if necessary forbearing principal.A Principal forgiveness or a Hope for Homeowners refinancing are acceptable alternatives.
• The monthly payment includes principal, interest, taxes, insurance, flood insurance, homeowners association and/or condominium fees.A Monthly income includes wages, salary, overtime, fees, commissions, tips, social security, pensions, and all other income.
• Servicers must enter into the program agreements with Treasury’s financial agent on or before December 31, 2009.

Payments to Servicers, Lenders, and Responsible Borrowers

• The program will share with the lender/investor the cost of reductions in monthly payments from 38% DTI to 31% DTI.
• Servicers that modify loans according to the guidelines will receive an up-front fee of $1,000 for each modification, plus pay for success fees on still-performing loans of $1,000 per year.
• Homeowners who make their payments on time are eligible for up to $1,000 of principal reduction payments each year for up to five years.
• The program will provide one-time bonus incentive payments of $1,500 to lender/investors and $500 to servicers for modifications made while a borrower is still current on mortgage payments.
• The program will include incentives for extinguishing second liens on loans modified under this program.
• No payments will be made under the program to the lender/investor, servicer, or borrower unless and until the servicer has first entered into the program agreements with Treasurys financial agent.
• Similar incentives will be paid for Hope for Homeowner refinances.

Transparency and Accountability

• Measures to prevent and detect fraud, such as documentation and audit requirements, will be central to the program.
• Servicers will be required to collect, maintain and transmit records for verification and
  compliance review, including borrower eligibility, underwriting, incentive payments, property verification, and other documentation.
• Freddie Mac will audit compliance.

Report: California Foreclosures Drop 31% In January

It appears that some people are getting the promised benefits out of the various stimulus, recovery, and bailout plans that the government has passed in the last year. Though the government of California has been having an immeasurable amount of economic trouble lately, the state’s citizens are getting a small amount of recovery.

There were only 14,351 foreclosures in the state of January in California, as opposed to 20,952 foreclosures the month before. This number of foreclosures was the highest of any state in the entire country, but not the most per capital.

Nationwide, foreclosures are down by more than a quarter between the last two months. Despite these numbers, however, this may not be due only to a moderate recovery in the economy, as Fannie Mae and Freddie Mac both have a moratorium on foreclosures (and they own fifty percent of the United State’s mortgages), which has a big effect, completely separate from the strength of the market.

Furthermore, some commercial banks have agreed to do this as well.

Many banks are allowing consumers to change the terms of their mortgages, which can seriously hurt the banks’ balance sheets, and pumps up these numbers in an artificial way. This process is called Loss Mitigation.

Finally, the California senate has implemented a law recently, which may have had a large effect, that requires any lender to contact a homeowner before they are permitted to begin any type of foreclosure proceedings.

Foreclosures Are Displacing Pets Too

I read a great post by today and want to help spread the word.

Watch this video and visit Bob Carney here. See what you can do yo help out!

What is the Mortgage Foreclosure Process?

What is the Mortgage Foreclosure Process?

A foreclosures is a legal proceeding that occurs when a homeowner (mortgagor) fails to make the agreed upon mortgage payments and the holder of said mortgage (mortgagee), typically a bank, evicts the homeowner, seizes that property and sells it to another individual.

In the event a homeowner fails to pay on their mortgage, a foreclosure is the primary remedy utilized by most mortgage lenders, in most states, to collect on the debt owed to them. The house is the main collateral or asset the bank has when they issue a mortgage to an individual.

The foreclosure process starts when a homeowner falls behind 90 days on their mortgage payments (this is most typical). At that point a lender may file what is know as a Notice of Default and an Election to Sell (again, most typical).

At this point, the lender typically waits about 90 more days where it appears nothing more happens from the lender other than possibly receiving phone calls requesting that the homeowners gets caught up on their mortgage. Behind the scenes, the lender is preparing their team to initiate the actual reclaiming of the asset.

After what is a total of about 180 days of being late on the mortgage payment, the lender has the right to publish what is know as a Notice of Sale. Most states require the lender publish the tentative sale for abouts 3 weeks. When the lender publishes that Notice of Sale, it is typically in a newspaper and they have to declare when the property will goto sale on the courthouse steps or some other predetermined location.

A homeowner does carry the ability to cure the mortgage loan and keep their house, this is called the Right of Reinstatement (most state laws offer this). This means that if the homeowner can pay back all delinquent mortgage payments plus additional fees and penalties up until a predetermined time, usually 7 days before the Notice of Trustee Sale, the lender will allow them to keep their home.

The homeowner does not have to pay back the whole loan, they do not have to refinance, they simply have to pay the mortgage payments that were missed, fees and penalties.

If the homeowner is unable to execute their Right of Reinstatement or if the lender does not postpone the sale, the property will goto the Trustee Sale.

Once the Trustee Sale occurs, the property is lost.

You can retain the services of a trusted professional, who understand your rights and entitlements by clicking here.

‘Unusual Circumstances’ and Foreclosing On Your Home May Not Ruin Your Credit

Foreclosing on your home may no longer ruin your credit rating because of ‘Unusual Circumstances’.

Foreclosing on your home may no longer ruin your credit rating because of ‘Unusual Circumstances’. With tens or even hundreds of thousands of homeowners loosing their house banks have to figure out how to handle this new dilemma.

You have to remember that lender have to lend and Americans are opting to walk away from homes in financial crunch. With millions of people all entering into the same exact financial and Credit situation it may not be good for the banks to wipe all these people from their potential client list.

Walking away from your home may no longer kill your credit. Obviously, this does not justify for anyone to walk away, however, the question remains.

How will the credit agencies and the banking institutions handle this new area of credit problems?

Foreclosure Fears - How To Emotionally Handle This Difficult Time

Managing the stress associated with foreclosures.

Recently APA did a study where found 40% to 60% of homeowners tie their self esteem directly with the mortgage and foreclosure problems they face.

It is important to remember that a mortgage is REALLY a business transaction.

If you are emotionally bleeding, if you are financially bleeding, let it go. It is OK if you have to sell your home, move and start over. Stress is bad and can hurt your health more.

Don’t wait till your back is up against the wall. If you sell your home, you don’t have to sell your self esteem, It’s OK. Alot of people are going through this.

Face your foreclosure because your foreclosure can have an impact on entire family.

Seek advice from professionals. If you chip your tooth, you goto a dentist. Right? If so, then why face your largest investment alone? Hire a loss mitigation professional today.

Home Foreclosures Up 35% From 2007

CNN.com recently stated, even with all the foreclosure prevention programs developed by the government, only about 30% of the homeowners can be helped. The reason is obvious. Why does any, for profit banking institution, want to take on the problems of another bank?

New number show home foreclosures up 35% from last year, with more than 6.35% of all home loans in the United States falling delinquent. This number does not include homes currently in foreclosure.

Manassas Northern Virginia hit hard where 1 in 20 homes are in foreclosure.

14.5% of all homes for sale across the US in April 2008 were the result of a foreclosure.

Stop Foreclosure To 100% Of A Homes Value

"We often discover a bank's ‘policies’ to
stop foreclosure differ from the law"

Homeowners run into sad realities once they discover their home is in pre foreclosure or foreclosure. Amazingly, Loss Mitigation can help stop foreclosure, perhaps up to 100% of a homes value.

Foreclosure begins when something really bad happens - loss of employment, the passing of a family member, illness, catastrophe, divorce, drug problem, separation, family crisis, gambling, etc. The results are heartbreaking and often add up to the loss of a home. A family is on the street and family members start to blame each other.

Meanwhile, lenders place borrowers in the hands of their collection departments and they are relentless, calling at all hours, both at home and at work. Some subprime lenders even call neighbors. A few "A" lenders strive to be helpful and offer to review your file to see if a program can help.

Unfortunately, for the most part, homeowners are unaware of the guidelines for these unfamiliar programs and tell lenders what they think they want to hear.

"Typically, we discover that the bank's ‘policies’ that stop foreclosure differ from what the law allows for. Since most people are new to the foreclosure process they can’t make their best case. It appears that banks take advantage of the fact that most homeowners are unaware of the process."

Since foreclosures are legal issues printed in local newspapers, homeowners will typically find some interesting folks drawn to their ‘foreclosure opportunity’.

Fifty or more attorneys write to say bankruptcy is the only way to save their home. Forget that bankruptcies commonly fail, as homeowners are required to pay all creditors, all those old IRS taxes, medical bills and credit cards long-forgotten.

Homeowners need to understand that their credit will be damaged for the next 7 to 10 years since both a foreclosure and a bankruptcy will appear on them.

Home owners need trustworthy professionals. Most homeowners are able to solve their financial troubles in a 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.

So how can you stop foreclosure for the 1,000,000+ families going into foreclosures this year? One at a time…

The answer for the majority of home owners is simple. "When people injure their foot they go to a foot specialist, when they are faced with legal matters they retain an attorney and they see a dentist for teeth care. The clear choice when confronted with a home foreclosure is to leverage the years of experience that a professional Loss Mitigation Specialist has". Not to mention the fact 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 homeowner the opportunity to see if they are candidates for the program.

There are several options for a homeowner in foreclosure and a stop foreclosure Specialist will uncover their best choice. Their vast understanding and skill set typically help home owners out of foreclosure 98% off the time. Perhaps some homeowners have enough equity to do a "foreclosure bail out" loan. Others may need the services of a real estate company that can work to sell a home in a timely manner to avoid foreclosure.

Lenders may offer a solution directly to a home owner but it is designed with the bank's 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".

The goal is to come out of the foreclosure as fast as possible and within a short time refinance with a "B/C" loan and this will improve your credit. Lenders can lend from 80 to 90 percent of a homes value once the foreclosure has been resolved. Within a year, home owners often discover they are qualified for an "A" loan once their credit has improved.

Stop Foreclosure with Loss Mitigation Programs

Loss mitigation programs were established by the federal government and the mortgage industry in order to stop home foreclosure.

Loss Mitigation helps foreclosure victims in default on their mortgages to find alternatives to home foreclosure. Every homeowner’s situation is unique and each lender has their own policies regarding the use of these programs to stop foreclosure.

Our extensive experience and solid working relationships with mortgage lenders allows us help homeowners avoid the common pitfalls that many encounter while trying to work things out directly with their lender.

After performing a thorough assessment of homeowners personal finances and analyzing lender’s loss mitigation policies our professional loss mitigators will negotiate with lender to get homeowner the best possible solution to home foreclosure problem.

We help homeowners save their home and credit history through a variety of loss mitigation options stop your foreclosure now.

Stop Foreclosure <=click here

The Foreclosure Prevention Industry NEEDS Your Help!

The Foreclosure Prevention Industry NEEDS your help! The foreclosure problem is spiraling out of control across America due to interest rate increases that are causing Adjustable Rate Mortgage (ARM) payments to rise by 30%, 40% and as high as 50%. The other major causes are Predatory Lending and American jobs are still continuously being outsourced to other countries. National mortgage defaults and Foreclosures statistics are at 30-year highs and rising rapidly.

Sign Up Today For The #1
Foreclosure Business Opportunity Today!

As a Real Estate Consultant, you have the opportunity to help home owners prevent their foreclosure. Our primary focus is preventing their foreclosure by using advanced loss mitigation techniques that help the mortgage lenders reach resolutions, while keeping the best interest of the home owners in mind. How would you feel if you helped save someone's home from foreclosure?

This is not a franchise. Your territory is not limited a the entire nation is your office. You can work from home if you choose, helping to prevent foreclosures nationwide. Loss Mitigation will give you tremendous satisfaction and a vehicle to earn a very lucrative income.

Whether you are a Real Estate Investor, Real Estate Agent or Mortgage Broker you will learn how to tap into 7 Powerful Income Streams, while enhancing your primary business and defeating the competition in your local market.

GUARANTEE: The program generally has 12 plans but 2 of them are the most dominant. The LM1 plan calls for $25,000 per year and the LM2 plan calls for $250,000 per year. Under the business plan CSG guarantees that all LM2 Consultants at least earn $45,000 within the first 6 months or they get 100% upgrade fees returned. Since LM1 Consultants do not invest any upgrade fees they do not share with such guarantees.

GET STARTED TODAY: The foreclosure industry is waiting for you to get started. Start your Foreclosure Business Opportunity now.

Get Started and start earning money in foreclosures.

Sign Up Today For The #1
Foreclosure Business Opportunity Today!

Foreclosure Business Opportunity - The $45,000 Earnings Guarantee

We would like to introduce our $45,000 GUARANTEE to all our free and premium consultants. This GUARANTEE was designed a few months ago when we launched our new 2008 Business Plan. Our new business plan was developed for premium Consultants who wanted to earn anywhere from $150,000 to $250,000 per year.

Sign Up Today For The #1
Foreclosure Business Opportunity Today!

DETAILS ABOUT THE GUARANTEE:

The GUARANTEE is actually provided by your assigned National Accounts Manager. Your Accounts Manager ("NAM") is assigned to your account randomly and is responsible in helping both free and premium members get established in their businesses.

GUARANTEE:

The program generally has 12 plans but 2 of them are the most dominant. The free plan calls for $25,000 per year and the premium plan calls for $250,000 per year. Under the business plan we guarantee that all premium Consultants at least earn $45,000 within the first 6 months or they get 100% upgrade fees returned. Since free Consultants do not invest any upgrade fees they do not share with such guarantees.

THE BUSINESS PLAN:

As an premium consultant you have different segments to your revenue streams. A portion of the plan is dedicated to NOW MONEY as referred to as Upgrade Bonuses. Simple Classifieds online and offline can bring you hundreds of people in to your organization who will earn you $497 bonuses. Simple ads can generate you up to $10,000 per week while you are building your business.

The next segment is GROUND MONEY also referred to as Personal Sales. As an premium consultant you get 100+ free foreclosure leads sent to you daily by email. You will need to call 20 of those leads daily as called for under the business plan. 20 calls per day should equal at least 3 sales per month and by average that should be around $4,000 per week.

The next segment is FSBO MONEY which is the referral of homeowners selling homes on their own. All you need to do here is make 4-5 people post their properties for free on our network. This will equate in to $2,000 to $3,000 extra revenue per month.

The $250,000 plan does not include downline commissions nor secondary product commissions. Those are extra and on top of the $45,000 guarantee.

If you have questions about our BUSINESS PLANS, please contact

ScottPasinski@ConsumerMortgageReports.com or call 716-650-4841.

Sign Up Today For The #1
Foreclosure Business Opportunity Today!

Common Reasons People Go Into Foreclosure

COMMON REASONS: If a family loses their home in Foreclosure, it is easy to critically speculate and assume that they must have been irresponsible with the loan payments or they bought a home way out of their league. Despite the fact that those are possible reasons for foreclosure, truth be told that there are many other reasons people foreclose on a home and many times it is out of their control. For any reason that a person or family forecloses on a home, there is always hope and someone to help. This is why it is necessary for knowledgeable and equipped investors to be on their toes, ready to help those in pre-foreclosure or those who already are in foreclosure. Those who have defaulted on a loan could have suffered from any of many life changing events, such as the following:

Divorce | Divorce is a life changing issue and a split in a household can cause people to lose their home in foreclosure. A frequently used statistic today is that one in about every two marriages end in a divorce, and sadly its true. Divorce is undeniably a reality of our society today. Depending on who keeps the house is the determining factor of who will take over the monthly dues of the house. Unless arrangements are made in a prenuptial agreement, it is not a given who becomes the home proprietor and the legal process of a divorce takes time. The cost of a divorce itself can be the main cause of losing a home in foreclosure. Poor communication in a divorce is a factor which leads to unintended negligence and defaulted payments as well. Naturally, there are many different divorce scenarios that lead to home foreclosure.

Medical Reasons | Unexpected illnesses lead to a surplus of uninvited bills and many people can’t afford these expenses or do not have the insurance coverage to save them. Nobody plans to foreclose on their home, just like they do not expect to pay thousands of dollars in hospital bills. Ideally saving money out of each paycheck to cover potential medical expenses would be great, but that is not always an option. Many Americans live paycheck to paycheck, barely making the home loan payment. When a medical emergency happens within a family, the monthly mortgage payment is put on the back burner. Reason being that an illness can cause emotional stress, or disable someone from working (which leads to the next topic)

Job Loss | Job loss is a frequent cause of home foreclosure. The economy strengthens and weakens, and in conjunction with that the workforce moves up and down in numbers. As the unemployment rate goes up in a city it is safe to assume that foreclosure numbers will raise as well. Again, ideally one might hope to have saved enough money over the years to cover the home loan, credit card bills, electricity, etc in the case of job loss. However, this is not a social reality. The many Americans who have suffered job loss cannot pay monthly dues and they result with a default home loan, fall in to debt, and in many cases are foreclosed on by their mortgage lender.

Death | Death is single handedly the most detrimental happening for a person or family. Death can, in many ways, cause a family to lose everything; including their home to foreclosure. Take for instance, if the sole provider of the mortgage payments has died, then it is very likely that the rest of that family will lose their home in foreclosure. Unfortunately, the other spouse may be disabled or unable to work and sadly that person is in a seemingly out of control situation. This is where a qualified investor specializing in foreclosure will step in and help him/her get control again.

Conclusion | The reason a person or family goes into foreclosure is important for all to understand. As a homeowner one can be prepared for such a situation as the aforementioned, and as an investor, one can be informed as to what causes foreclosure and how to be of service. Death, job loss, medical expenses, and divorce are a few of the most common reasons people foreclose on a home. These factors are real and an everyday part of society.

Win A New 2008 Porsche Cayenne

Win A New 2008 Porsche Cayenne

• Are you looking to assist people and help them stop their foreclosures?
• Are you looking to go into business for yourself?
• Would you like to be involved in the most explosive business RIGHT NOW?
• Looking for low risk and high rewards?
• If so, there in NO BETTER TIME!
• Click the picture below and sign up today…. you will see how great our foreclosure prevention program is!

Click Below and Get Started Today

Subprime Delinquencies Rising

Subprime Delinquencies Rising. Analysis and Discussion with Featured Guest Owen Fitzpatrick of Deustche Bank Private Wealth

Ways To Avoid Foreclosure

What Goes Up, Must Come Down

Residential properties that are in some state of foreclosure rose 30% in the third quarter and doubled on a year over year basis, to 446,726 units, according to new figures released by RealtyTrac.

Nevada had the highest foreclosure rate in the nation, with one filing for every 61 households.

After Nevada, California (one for every 88 households) and Florida (one for every 95) had the highest incidence of foreclosures.

California, though, saw its foreclosure filings quadruple to 148,147 incidences from those of a year earlier.

Other states ranking among the top 10 in foreclosures include Michigan, Ohio, Colorado, Arizona, Georgia, Indiana, and Texas.

Our Experience and References

"… this case was not easy and you put more than 100% effort in it. Your hard work saved our house and family… You’re an excellent guy. You do make dreams come true."

(Bill, Sheila, Allan, Ashley and Andrew Howe)

Our list of satisfied clients includes:

(partial list)

Ken Cunningham -203.671.3673

Bob Pahl -801.596.2937

Manny Labasan -808.283.8913

Ronda Campbell -714.537.0854 -Cell 714.206.9204

Judy Martinez -719.947.0701

Judy Ciatti -715.561.3233

Cynthia Pollesh -920.885.2627 -Cell 920.318.1215

Virginia Regalado -719.994.1328

Dianne Klages -920.696.3414 -Cell 909.877.0182

Jessica Chairez -414.672.4347

Al Bert -414.562.2796

Amy Canadas -775.787.2761

Karen Wilson -715.478.1309

Brian Zerinke -715.526.2834

Daniel Johnson -719.382.4693

Maria Ahihi -562.290.8288

Faye Porter -909.874.1138

Diana Ealy -909.242.1393

Leansa Bryan -909.865.5720

Donna Rivera -262.515.5165

Bill Howe -414.476.8437

Alisa Gilmore -708.481.9928

Karen McNair -818.415.3524

Karen Potter -608.723.7444

Troy & Lisa Minor -770.987.2329

Jeff Jones -818.957.3870 -Cell 818.720.4442

Ingram Nichols -719.574.9102

Roger Mahaffey -714.670.9207

Scott Tilque -920.826.2613

Ed Alvarez -626.806.8381

Coleman Wilson -715.478.1309

Scott Ryan -920.562.1097

Randy Kuehnl -920.993.1969

Terry Kniess -920.432.9377

Bill Rowan -Cell 801.830.8318

Stephen Baptiste -781.645.2317

Ron Henrin -719.310.1953

Christine Bowden -773.536.3084 -Cell 773.343.1752

Gary Toombs -816.333.3629

Kimberly Barnard -262.215.1169

Eugene Harper -319.366.4924

Robert Rolon -609.838.2263

John Vongsouvana -951.303.4523

Donna Worden -770.831.7544

Stephen Baptiste -781.241.3911

Philip Swindler -323.338.5451 -Cell 303.564.8430

Stacey White -609.893.2798 -Cell 609.784.4419

Please feel free to call these former clients

About the Firm

Welcome to our Website, and thank you for taking the time to learn more about our firm.

We are a group of experienced residential and commercial bankers and real estate brokers who understand that federal rules and lender foreclosure policies often conflict.

Few people outside the banking world have the knowledge to work with your current lender to restructure your loan.

Jim Richman

Former H.U.D. Commissioner (FHA home loans are a H.U.D. product)

President and founder of Richman & Associates Inc., a real estate and business debt restructuring firm specializing in foreclosure solutions and financial consulting.

Former senior loan officer with Coast Savings and Loan and Pacific Thrift and Loan.

Former Burbank City Councilman and Mayor.

Former President of NOVA, a sheltered workshop for the handicapped.

Former board member of the American Red Cross.

Published author of Foreclosure articles for Broker Banker Magazine, Mortgage Originator and Scotsman Guide; read monthly by 100,000 mortgage brokers nationally.

JIM IS THE LEADING EXPERT IN FORECLOSURE SOLUTIONS

Areas of Expertise

* Residential Home Loans
* Commercial Loans

Forestalling Foreclosure

Home foreclosures are reaching record levels in many parts of the country. If you’re behind in your mortgage, heed this expert advice from money reporter Stacy Johnson.

Stop Foreclosure

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!

Call NOW TOLL FREE

1-888-577-8338

FOR A FREE ANALYSIS

OF YOUR SITUATION!

* Name

* Phone

* Email

* Please Call Me (select) 9am to Noon Eastern - Today Noon to 3pm Eastern - Today 3pm to 6pm Eastern - Today 6pm to 9pm Eastern - Today 9am to Noon Eastern - Tomorrow Noon to 3pm Eastern - Tomorrow 3pm to 6pm Eastern - Tomorrow 6pm to 9pm Eastern - Tomorrow

Any Comments?

* Verify

Script by Dagon Design

A

A

A

What Must REALLY Be Done To Stop Foreclosure

• Need Assistance?

  
  Click above and have all your questions answered right now.

• Blogroll

  • Pre-Foreclosure Mortgage Leads
  • Real Estate Investor Network
  • Start Your Foreclosure Business
  • Stop Foreclosure

• Email Alerts

  Enter your email address:

• Recently Posted

  September 10 2009

  • Be Informed When Applying For The Home Affordable Modification

  August 29 2009

  • Making Home Affordable - Apply and Guidelines

  February 20 2009

  • President Obama Announces Housing Rescue Plan

  February 16 2009

  • Temporary Halt To Foreclosures Gives Homeowners Time To Act

  February 14 2009

  • Report: California Foreclosures Drop 31% In January
  • Banks Use Penalties To Tie Down Current Mortgage Holders

• Recent Comments

  • Your Foreclosure . Info » Common Reasons People Go In To Foreclosure on Common Reasons People Go Into Foreclosure
  • Your Foreclosure . Info » Win A New 2008 Porsche Cayenne on Win A New 2008 Porsche Cayenne
  • how to sell a home fast on Stop Foreclosure
  • Countrywide Asks For Halt To Bankruptcy Probe — Consumer Mortgage Reports on Stop Foreclosure
  • Bankruptcy Bill Should Be A Go — Consumer Mortgage Reports on Stop Foreclosure

• Recent Events and Posts

  March 2010

  S	M	T	W	T	F	S
  « Sep
  	1	2	3	4	5	6
  7	8	9	10	11	12	13
  14	15	16	17	18	19	20
  21	22	23	24	25	26	27
  28	29	30	31