Mortgage Forebearance – Think Again

Mortgage Forebearance – BEWARE

 

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It’s my understanding that a mortgage forebearance offer came to William and Esperanza Casco, owners of a grocery store, and they were earning enough money to make their mortgage payments on time and they kept their mortgage current.

However, JPMorgan Chase & Co. offered the couple a mortgage forebearance plan that reduced their mortgage payments, so the couple thought they could use the extra money and signed up.

The Cascos say their payments were always on time and they never missed a payment. When the bank decided the smaller payments, which were the result of the mortgage forebearance, were not enough and foreclosed on them, it shocked and horrified them.

Unfortunately, the Cascos mortgage forebearance story is far too often happening across our great country by homeowners who claim that banks didn’t follow through with the agreement made with them.

Too many struggling homeowners say that they’re receiving little help from the U.S. government’s $700 billion rescue that was supposedly aimed to help the homeowner directly.

According the Treasury Dept stats, approx one-third of the 1.4 million homeowners that were accepted into the mortgage modification program this last year have actually had their mortgage payment reductions made permanent.

A Mortgage Forebearance Nightmare

“It is extremely unfair that someone like me and my wife who have owned our home for 17 years and never missed a payment could end up in foreclosure,” said Mr. Casco, through a Spanish interpreter, as he talked about the mortgage forebearance nightmare he’s experiencing.

Mortgage ForebearanceChase spokesperson, Gary Kishner, stated the bank treated the Cosco couple fairly and was not able to comment on whether the Cascos had been current on their mortgage forebearance payments.

Mr. Kishner mentioned “We worked with the borrower to give him as many opportunities as possible to qualify for a modification,” and also said “However, they were not able to do so and therefore we were forced to foreclose on the property.”

Mortgage Forebearance – Be Smart

“I think that banks are playing games with us,” William Casco said.

Mr. Casco stated when he refinanced his home in 2006, to pay for a new a meat counter at his store in the industrial Los Angeles suburb of South Gate, that his monthly mortgage payments to Washington Mutual Inc. went up to $2,765.

Chase had begun to acquire Washington Mutual in January 2009 when Casco stated it sent a letter telling him he qualified for a lower forbearance rate. So, Casco sent the business paperwork and tax returns the bank was requested. His mortgage payment was then reduced – due to the mortgage forebearance – to $1,250, where it stayed for many months, then Chase told him to apply for a trial loan modification.

So, Casco sent Chase the necessary paperwork that was requested. His monthly mortgage payment rose to $2,363 in June, then went back to the mortgage forbearance rate in October. Casco said he continually made the payments that he was asked of him until August 2010, when Chase informed he and his wife that they were $50,000 behind on their mortgage payments and placed them in foreclosure. Mortgage Forebearance – BEWARE!!

The home has been sold and the Cascos are fighting eviction. He is considering whether to join an existing lawsuit or to persue a lawsuit on his own.

“I’m determined to do whatever it takes in order to keep my house,” said Casco. “I feel that a great injustice has been done to my family.”

Don’t let this happen to you. I offer a Free – No Obligation Consultation And Preliminary Audit of your mortgage situation as a first step to getting you non-attorney help to stop foreclosure.

Call (888) 819-6554 or fill out the Stop Foreclosure Help email form,

Click Here —>>  http://help-to-stop-foreclosure.net/

Get your forecosure solutions today!

Resources:

http://news.yahoo.com/s/ap/20101107/ap_on_bi_ge/us_loan_mod_foreclosures

Mortgage Forebearance may sound nice but in reality it can be a nice NIGHTMARE!

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Loan Modification

Loan Modification – Does It Really Work?

Recently in a hearing, called by the bipartisan Congressional Oversight Panel, which was given the responsibility of monitoring the government’s foreclosure bailout programs, the panel members pounded the Treasury Department for the shortcomings in its mortgage loan modification process.  This hearing came only days after a report issued from the inspector general showed the agency’s efforts didn’t have clear benchmarks and fell horribly short of its original goals.

Despite early expectations that the Home Affordable Modification Program would assist millions of troubled Americans rework their loans and keep their homes, the loan modification program thus far has resulted in fewer than 500,000 permanent loan modifications. While this is significant, it pales when compared with the more than 7 million homes facing foreclosure.

Loan Modification Program – Falling Painfully Short Of Expectations

Panel member Richard Neiman, superintendent of banks for the state of New York, stated the loan modification program has “fallen far short of our hopes.” J. Mark McWatters, another panel member, an attorney and accountant, said the administration had “failed to provide meaningful relief to distressed homeowners” and that its original projections had generated false hopes and expectations in that the loan modification program would help far more homeowners.Loan Modification

Phyllis Caldwell, head of the Treasury Department’s homeownership preservation office, took up for the Obama administration efforts, saying that the impact of its foreclosure mitigation programs should not be judged by the number of permanent loan modifications alone.

Loan Modification – Trial Program

She said a trial loan modification – which consists of three months of reduced mortgage payments – have given families desperately needed time and space, even if they don’t become permanent. She also said the Treasury Department is changing and expanding the loan modification programs in hopes of reaching more troubled homeowners.

Maybe you’ve tried a loan modification and it hasn’t helped. I offer a Free – No Obligation Consultation And Preliminary Audit of your mortgage situation as a first step to getting you help to stop foreclosure. Call (888) 819-6554 or fill out the Stop Foreclosure Help email form,

Click Here —>>  http://help-to-stop-foreclosure.net/

Resources:

http://www.washingtonpost.com/wp-dyn/content/article/2010/10/27/AR2010102705228.html?sid=ST2010102705416

Loan Modification – is it worth the trouble?

Fighting Foreclosure

Fighting Foreclosure – Don’t Just Roll OverFighting Foreclosure

How long will it be before the nightmare of home foreclosures is over? Ask Mike Dillon, who’s been fighting foreclosure to keep his New Hampshire home for the majority of the past decade.

Mike did miss 2 payments in 2002, he then caught up and was current on his loan by later that year, that’s when his mortgage problems started and he began fighting foreclosure on his home.

Fighting Foreclosure – How It Can Start

The story is his loan servicing company did not properly credit his monthly payments to his account and it placed the loan in default. As he fought to straighten out the bookkeeping, even with canceled checks for proof, the servicer began adding additional fees for property inspections, insurance and other charges.  That’s how the nightmare can begin and fighting foreclosure starts in many cases.

A New Hampshire judge, in 2005, agreed that the servicer’s “sleight of accounting resulted in improper assessments” against Mike and, citing a “predatory scheme of penalties,” barred the foreclosure and ordered that the loan be reinstated without penalties as of August 2005.

Fighting Foreclosure – Does It Ever End?

Understandably, Mike probably thought the fighting foreclosure battle would end.

Well kinda, 5 years later, Mike Dillon is still in court fighting to resolve the dispute. While he is no longer fighting foreclosure, he is still is trying to get clear title to his home. “I’ve got nine years of my life tied up in this case, and it’s done a lot of financial and emotional damage to me,” said Dillon. “This isn’t about money in the long run. This is about the principle of the issue — somebody tried to steal my house.”

Maybe this has happened to you or someone you know. I offer a Free – No Obligation Consultation And Preliminary Audit of your mortgage situation as a first step to getting you help in fighting foreclosure. Call (888) 819-6554 or fill out the Stop Foreclosure Help email form, I can help you find foreclosure answers

Click Here —>>  http://help-to-stop-foreclosure.net/

Resources:
http://www.msnbc.msn.com/id/39874969/ns/business-personal_finance/

Fighting Foreclosure – You Can Do What Mike Did – You can do it Yourself.

Foreclosure FAQ’s – Helpdesk Stop Foreclosure Frequently Asked Questions

Foreclosure FAQ’sForeclosure Frequently Asked Questions

Now You can have a bunch of your general stop foreclosure questions answered quick and easy by the Help To Stop Foreclosure FAQ’s.

Get your general questions answered fast. Just visit the new Help To Stop Foreclosure Frequently Asked Question site and have many of your questions answered to help you be on your way to stopping your foreclosure.

Foreclosure questions and answers that can help may be just an easy click away. Here is an way to get some immediate and easy to find assistance you need to help you on your path to stop foreclosure.

Get the frequently asked questions you have answered Now, and get the understanding you need to discover ways to maximize your opportunities to stop your foreclosure.

Just like in most other areas of life knowledge is power and you can get the power you need to help you avoid foreclosure by looking over some foreclosure frequently asked questions – FAQ’s.

Learn exactly about solutions that can help you prevent foreclosure with the Help To Stop Foreclosure help desk and FAQ’sCLick Here >>>> for Foreclosure FAQ’s Today!

New Foreclosure Help Desk – Free Stop Foreclosure Solutions HelpDesk

Welcome To Your Free Foreclosure Help Desk

Foreclosure Workouts to Foreclosure Bailouts We’ve Got You Covered

This is the Help Desk where you can ask any foreclosure related question you want concerning stopping and how to avoid foreclosure. This Helpdesk is free you do not have to be a member just ask you questions and get a response from an expert willing to answer your problems/questions.

Get the Help Desk foreclosure assistance you need today! Open up a stop foreclosure Helpdesk trouble ticket and ask your important questions! Chat through our foreclosure help desk system with an expert that can answer you questions about most all aspects of stopping a foreclosure from traditional workouts to the recent bailouts, we’ve got you covered.

Do you have questions about the foreclosure process or what are good and bad solutions especially for your particular situation?  Ask at this foreclosure help desk.

Do you not understand how and why the lender is doing or able to do what they are doing?  FInd out from the foreclosure helpdesk.

Does something seem wrong about what is happening and what the banker/lender seems to be getting away with?  See if we can explain it to you at the foreclosure help desk!

Do you want to know if there is a good chance of stopping your foreclosure or if the chances are slim to none? Let us help you answer this question.

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There are answers to your questions try this new help for foreclosure questions and answers.

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Foreclosure Problems – Answers

Foreclosure problems have been on the still on the rise for months now.  There are many ways to use in an effort to stop foreclosure.  There are right answers for various foreclosure problems and there are wrong answers. A little research and some expert assistance should be able to get you on the right tract to solving you foreclosure issues fast.

Get the help and information you need to stop the foreclosure on your home and property today!

Start a Chat Today Or Call 1-888-819-6554 and Get the Helpful Answers to Your Foreclosure Problems! You Need

Mortgage Foreclosure: Foreclosure Help – Bank Foreclosure Answers and Solutions – Stop Foreclosure Problems! We Give Assistance

Mortgage Foreclosure: Foreclosure Help with Real Bank Foreclosure Answers and Solutions that can Stop Foreclosure Problems!

We give Assistance to homeowners in Foreclosure Homes to Stop the Lender/Creditor/Banker from taking their House and their Home being Foreclosed on. We can Help foreclosure victims like You Avoid Foreclosures and Stop Your Home from being put in the Foreclosed Home/Foreclosed Property Listings! Get Foreclosure Expert Help Today!

Foreclosure problems abound today!  It is all over the news on TV, radio and newspapers.  Foreclosure answers and solutions are a dime a dozen ranging from super costly 300 and 700 billions bailouts that seemingly never cover the circumstances and situations that most foreclosure victims are in to expensive out of reach attorney assistance that again do most no good simply because they cannot afford it.

Well now, there is real and expert help that is available and affordable for everyone. The Help To Stop Foreclosure Programs and New EBook coming out is within the reach of everyone and help just about anyone stop a foreclosure.

Foreclosure is a terrible thing. Homeowners living in bank foreclosure homes right now are looking for a way to keep their homes.  They need foreclosure solutions that can save their home and credit. People need foreclosure answers that can help stop foreclosure problems they are having right now! Don’t let your home be foreclosed on. Get help to stop the lender from taking your house and property. Let me give you assistance today! It is possible for people to avoid foreclosures and keep their homes off the foreclosed home and foreclosed property listings. Contact me today!

Foreclosure Solutions EBook

Help To Stop Foreclosure is featuring a new Foreclosure Solutions EBook soon. The EBook will contain great answers, solutions, tips and secrets to help avoid and/or stop foreclosure. The Ebook will be a very affordable way to get help you need to stop foreclosure and will come with a free whole hour of expert consultations.  So if you have foreclosure problems and a need for assistance to stop foreclosure you need to get this new resource as soon as you can.

Foreclosure Problems Questions and Answers Chat

Chat About Your Foreclosure Problems – Questions and Answers for You

The Media chat about Foreclosure problems a lot today because it is one of the key issues concerning our economy in recent times!  At the center of many news broadcasts about economic conditions is news coverage and chatter concerning the new governmental bailout of our money and banking institutions along with Fannie Mae and Freddie Mac and news on the new Housing Bill these government actions show the problems are huge and require big answers.

Foreclosure Problems Abound:

The foreclosure problems are continuing with no end in sight. The system is broken and it seems how to fix it eludes even the experts. More and more people need help with less being done in the long run even with all the bailouts over the last several years.

To find the answers to these foreclosure problems is an ongoing challenge and it seems the answers that work best right now is one on one help for people with foreclosure problems.  There are many foreclosure experts, some good, some not so good and it can be a chore to wade through the crowd to get the the real help.

For example, the real need for bailout and foreclosure chat should center around the people who are facing foreclosure problems and their questions and answers.  With all the need for homeowners to talk and chat about their foreclosure problems and real serious answers there are barely enough foreclosure experts around to give people the help they need.

Yes things don’t seem to be getting better regarding the numbers of people with foreclosure problems at the moment. The areas affected the most according to RealtyTrac’s reports are: Arizona, California, Florida and Nevada.

These are the states that account for 19 out of the 20 top metropolitan areas having the most foreclosure problems within the last several months.

This growing trend is the one of the latest signs that the foreclosure problems are getting worse not better. It appears many homeowners are continuing to get behind on their house payments with high unemployment rates and low job growth.

As of late with all of the suspensions on foreclosures the bankers like Wells Fargo and Bank of America and GMAC – Alley, etc…, are all but admitting they are the cause of the foreclosure problems as much or more than the homeowners.

Regarding US Foreclosures problems Wells Fargo recently released a statement that said it had identified “instances where a final step in its processes relating to the execution of the foreclosure affidavits… did not strictly adhere to the required procedures”.

foreclosure problemsNow is the time to chat about your issues. Don’t wait until later, it may to late at that point to save your home. TIme is a critical element in stopping foreclosure, so act today.

Learn How to Solve Your Foreclosure Problems:

Here at Help to Stop Foreclosure you can have a live chat with a foreclosure expert online or by phone. You can start a conversation about the basics of your foreclosure problems privately online and/or switch to over the phone, and expert can call you. I want to help you solve your foreclosures problems with real answers, so let’s chat. Just click here  for foreclosure chat and click on the Foreclosure Chat Live link to start you chat today!

Stop Foreclosures Problems

A lot of people stop foreclosures today by fighting back against the bank and many win. You can get foreclosure assistance to end foreclosure also! Let’s Talk about it. Click Here to Chat about Your Foreclosure Now.

No one needs foreclosure problems. There are so many memories and even legacies, not to mention all money and blood, sweat and tears that has gone into ones home and property, many times you just can’t recoup the loss and must fight to stop such foreclosure problems and losses.

Foreclosure problems mediators can help as a go between you and the bank. These Foreclosure mediators may be able to help buy some time in your quest for foreclosure solutions, but in the end unless you can show the banker you have found issues with your loan that put you in a position of negotiating strength it does little good in the long run to stop foreclosure.

Well, where can you find the assistance you need to get you in that position of strength to help you stop foreclosure problems? Help to Stop Foreclosure is that place.

I offer a Free – No Obligation Consultation And Preliminary Audit of your foreclosure problems as a first step to getting you help to stop foreclosure.

Call (888) 819-6554 or fill out the Stop Foreclosure Help email form,

Click Here —>>  http://help-to-stop-foreclosure.net/

http://help-to-stop-foreclosure.net/category/foreclosure-chat/

Find out How to Solve Your Foreclosure Problems Today.

Get Help to End –

Foreclosure Problems: