FORECLOSURES STOPPED IN 23 STATES – GMAC

FORECLOSURES STOPPED FINALLY!

The Attorney General in Connecticut, Richard Blumenthal, is investigating GMAC Mortgage, which is one of the nation’s biggest servicers of home loans.  He claims that there are defective foreclosure documents. Foreclosures Stopped – Finally! around September 20, 2010.

Connecticut’s Attorney General is insisting that GMAC Mortgage, which is a unit of Ally Financial Inc., stop all foreclosures in the state. Of the Foreclosures Stopped in 23 States – Connecticut is one them.

Foreclosures Stopped – Bank’s Failure To Follow Basic Legal Procedures

It is my understanding that he stated “The bank’s apparent failure to follow basic legalForeclosures Stopped procedure — a potential fraud on the court — is appalling and unacceptable” and went on to say  “Our investigation will enable strong legal action against GMAC/Ally, if warranted by the facts and the law. I will fight to assure the banks comply with clear legal requirements that protect homeowners from unfair foreclosures of their homes.” Like I said earlier – Foreclosures Stopped Finally!

The company said it was suspending sales of foreclosed homes and the company also declared a suspension on evictions of homeowners – in other words Forclosures Stopped – who have fallen behind on their mortgages in 23 states, including Connecticut.

Several Cases Withdrawn – Foreclosures Stopped!

GMAC said the moratriums were implemented to give it time to review its procedures on foreclosures. A week earlier several law firms representing lenders in GMAC foreclosures withdrew their cases against borrowers. Forclosures Stopped in 23 States!

On Friday a statement was released and the company said the substantive contents of the affidavits in question were accurate regarding the facts and its review which they conducted internally thus far had revealed no evidence of any factual errors regarding the details typically contained in foreclosure affidavits.

It is my understanding the company also said it believes defects occurred in some, but not all foreclosures in the 23 impacted states. The problem was identified and addressed a few months ago, the company said.

I offer a Free – No Obligation Consultation And Preliminary Audit of your foreclosure problems and 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.streetinsider.com/General+News/Ally+Bank+Halts+Foreclosures+in+23+States/5984196.html

Foreclosures Stopped – What About Yours?

FORECLOSURE PROOF? 62 MILLION HOMES – REALLY?

MERS 62 Million Homes May Become Free and Clear Some Day!

Yep, it’s true it’s my understanding over 62 million homes are currently held in the name of MERS [Mortgage Electronic Registration System].  This is a system that was concocted by and for the benefit of the mortgage industry.  A bankruptcy court in California recently ruled that this electronic shortcut makes it not possible for banks to prove and establish their ownership of property titles; therefore they can not foreclose on mortgaged properties and this decision was made following landmark cases in other jurisdictions.

More MERS 62 Million Homes Problems:

So logically speaking this could be the beginning of foreclosure-proof homes, an approx. whopping 62 milli62 million homeson homes!

Bundling mortgages into securities were a favored type of investment of speculators at the height of the financial bubble which led to the crash of 2008. Oftentimes, the securities changed hands numerous times, and to top it off it seems the companies profiting from the mortgage payments were all to often not even the same parties that negotiated the loans with the consumers. May I add – it’s probably way over 62 Million Homes too.

Now, you guessed it, at the center of this disconnect was the Mortgage Electronic Registration System, or MERS. MERS is a company that acts as the mortgagee of record for lenders, which allows  properties to change hands without the necessity of recording each transfer.  That, in case you didn’t know, is a big 62 Million Homes of NO NO!

MERS a Bust with These 62 Million Homes on the Brink:

Oh sure, MERS was very convenient for the mortgage industry. However courts are now questioning the impact of all of this financial juggling when it comes to who owns the mortgages of the 62 million homes. And rightfully so.  FYI: In order to foreclose on real property, the plaintiff must establish the chain of title thereby entitling it to relief. Yet, MERS has acknowledged, and recent cases have also held, that MERS is just a “nominee” — which means it’s an entity appointed by the true owner simply for the purpose of holding property in order to facilitate transactions. The great news is, that recent court opinions stress that this defect is not just a procedural one but is a substantive failure, one that is fatal to the plaintiff’s legal ability to foreclose on a possible 62 million homes.

What does this mean? It means that hordes of victims of predatory lending could end up owning their homes free and clear – and the financial industry could end up falling on their on sword.

Maybe you are one of the 62 million homes.  I offer a Free – No Obligation Consultation And Audit of your mortgage situation.

Call (888) 819-6554 or fill out the Stop Foreclosure Help email form, Click Here —>> http://help-to-stop-foreclosure.net/

Resources:

http://www.pacificfreepress.com/news/1/6877-foreclose-this-could-62-million-homes-be-foreclosure-proofq.html

Do you think you may be in one of the 62 million homes?

State Probes Into 3 Law Firms For Falsifying Foreclosure Documents

BREAKING NEWS!
It has come to my attention that the Florida Attorney General’s office just announced they are conducting  investigations into the state’s three biggest foreclosure law firms for allegations of deceptive and unfair actions.

These firms, which at times are called “foreclosure mills,” are the Tampa-based Shapiro & Fishman, Fort Lauderdale Law Offices of Marshall C. Watson and the Law Offices of David J. Stern, based in Plantation.

A lawsuit seeking class action status was filed by a Fort Lauderdale attorney against Stern just last month. The lawsuit is claiming this firm generated fraudulent mortgage assignments, basically falsifying foreclosure documents when they were pursuing foreclosures.

FYI: an assignment is held by the entity that has the right to receive mortgage payments.

The law of offices of David J. Sterne according to the lawsuit filed up to a whopping 7,000 foreclosure cases in Florida every month last year, presumably with fabricated foreclosure documents . As if that wasn’t bad enough, the lawsuit also alleges this firm pursued foreclosures for lenders that didn’t even own the debt on the homes.

According to records, Miami based attorney, Jeffrey Tew is representing the Stern law offices. According to Tew, Stern and his company have done nothing wrong

“This foreclosure crisis was not created by David Stern, but it is so huge and a lot of people are in very bad shape, so some of the finger-pointing goes to him,” attorney Tew said.

Mr Tew went on to say that portions of the lawsuit that claim Stern conspired to confuse ownership of homes is “fantastical”/fantasy.

Attorney General Bill McCollum’s office released a press release and it says due to the fact that many mortgages have been bought and sold by financial institutions numerous times, some vital foreclosure documents/paperwork involved in the process to obtain foreclosure judgments is oftentimes missing.

“On numerous occasions, allegedly fabricated documents have been presented to the courts in foreclosure actions to obtain final judgments against homeowners,” the press release states. “Thousands of final judgments of foreclosure against Florida homeowners may have been the result of the allegedly improper actions of the law firms under investigation.”

In June a judge, Circuit Court Judge Michael Traynor, dismissed a case because he said in his opinion the court “has been misled by the plaintiff from the beginning” and that documents “have changed as needed to benefit the plaintiff.”

Don’t let this happen to you! Get expert help to look over your loan and foreclosure docs.

Don’t think for a moment that these types of fraudulent activities are only going on with just three law firms in Florida. This type of activity is happening all over the county, just apparently on a much larger scale with these companies because of the larger amount of foreclosures they handle.

You can avoid foreclosure and get the foreclosure assistance and foreclosure help you need from an expert in foreclosure solutions.

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.palmbeachpost.com/money/real-estate/state-probes-whether-three-law-firms-falsified-foreclosure-851395.html

Don’t Qualify For A Loan Modification?

Unfortunately, last month more delinquent homeowners learned they didn’t qualify for President Obama’s foreclosure program.

New concerns regarding the U.S. housing market’s health and vibrancy have rightfully renewed interest in the success of President Obama’s foreclosure prevention programs. It has been wondered that an increase in foreclosures, combined with the current drop in housing sales, could once again send home prices plummeting.  Raphael Bostic, according to cnnmoney.com, stated that the marketplace is still fragile.

Unfortunately, 91,118 people in trial modifications were canceled in June, which brings the total to 520,814, only about ten to twelve percent (10% – 12%), a drop in the bucket, of the near 5 million homes in foreclosure since the program first started early 2009.

More than 60% of those who dropped out last month had been in trials for at least half a year.

Homeowners that don’t submit the proper paperwork, don’t meet the qualifications or make the necessary payments are kicked out. It is my understanding that from now on the loan Servicers before entering the homeowner in the program will collect needed documents and review the homeowners’ eligibility.

Once the homeowner trials are canceled, less than half of homeowners do get an alternate modification, and many times from their loan Servicer.

There are only 364,077 homeowners that remain in the trial phase, and approx 38,728 of that figure are homeowners that entered the program in June.

You don’t necessarily have to be one of the thousands that have lost their home to foreclosure.  I have helped many homeowners stay in their homes and avoid foreclosure, and I may be able to help you too.

I offer a Free – No Obligation Consultation And Preliminary Audit of your mortgage situation.

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

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

Resources:
http://money.cnn.com/2010/07/20/news/economy/foreclosure_prevention/?postversion=2010072014

Loan Modifications Don’t Work

According to two Republican Congressmen, President Barack Obama’s plan to help homeowners avoid foreclosure is a failure.

According to a resource, Rep. Jim Jordan, R-Ohio and Rep. Darrell Issa, R-Calif communicated to Treasury Secretary Timothy Geitner a letter, which was sent not too long ago, telling him to “end immediately” the Home Affordable Modification Program known as HAMP.

Since Pres. Obama announced the program in Mesa in February 2009, [over 1 year ago] only 340,000 homeowners have had their mortgage loans permanently modified through the program.

President Obama said 3 million to 4 million homeowners would be helped by the program.

Did you know that even homeowners who are granted long-term modifications often still end up in foreclosure?  “Why”, you ask? Well, because in many cases the payments are still simply too high for them to afford.

People have said we are simply in a death spiral, but in lots of cases it doesn’t have to be that way.  I offer a free audit of your mortgage documents and may be able to help you avoid foreclosure long-term.  Just give me a call to discuss your particular circumstance, I will be happy to see if I can help you just like I have helped other homeowners fight foreclosure.

I offer a Free – No Obligation Consultation And Preliminary Audit of your mortgage situation.

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

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

Resources:

http://www.kpho.com/news/24205219/detail.html

Foreclosure Avoidance

Home foreclosures are unfortunately still a serious problem in our country. Though, foreclosure rates are down in areas such as Atlanta, that’s not the case in most of America. Each month, there are thousands of foreclosures in newspapers across the country and many predict the numbers will  stay the same for some time to come.

Many attorneys that handle foreclosures are saying that they think what we’re seeing now will continue and foreclosures will continue on a steady pace.

There are alternatives to a foreclosure, one being something called a short sale; however not everyone qualifies.  You see, it’s very costly for a bank to foreclose a home, then put it back on the market, and in many cases have to repair the house prior to placing it on the market.

Another alternative is to fight your foreclosure. I have successfully helped many of my homeowners stop the auction of their home by their banks and remain in their homes.  I offer a free preliminary audit of your mortgage documents to see if I can help.  I lost my home to foreclosure years ago and decided then and there to never let that happen again and to help anyone I can to avoid the same.

I offer a Free – No Obligation Consultation And Preliminary Audit of your mortgage situation.

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

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

Resource:

http://www.walb.com/Global/story.asp?S=12792338

What Is Foreclosure?

When a homeowner fails to repay their debt in full and defaults on their mortgage a foreclosure takes place. The lending institution will sell the property to repay the debt to make up for the loss on their books. The cause for foreclosures vary and in today’s financial crisis, some of the main causes of foreclosure is income reduction due to job loss, ridiculously high credit card bills and the list as you know goes on.

There are key elements that make up a foreclosure and the foreclosure process. One of the keys to keep in mind about the foreclosure process is the fact that time-lines and/or requirements that mortgage lenders must follow are different in each state. Therefore, a foreclosure may take as long as 3 years in one state but only three months in another to wrap up the foreclosure process. Not to mention that currently mortgage lenders are over burdened with foreclosures and this too will have an effect on how long the foreclosure process will take.

There are options, and understanding how a foreclosure process works will greatly help you in any situation that has to do with the foreclosure of your property or home.

If you are facing the same tragedy that too many others have gone through, please give me a call because I have helped many families avoid foreclosure and maybe I can help you too.

I offer a Free – No Obligation Consultation And Audit of your mortgage situation.

Call (888) 819-6554 or fill out the Stop Foreclosure Help email form, Click Here —>> http://help-to-stop-foreclosure.net/

Foreclosure Solutions

Free Live Foreclosure Solutions – Questions and Answers Chat:  Learn the insider methods and techniques that others have used, and you can use to help you stop foreclosure fast. You can discover oustanding foreclosure solutions just by a simple chat with someone who knows how to stop foreclosures. Chatting with experts that can help you prevent foreclosure can boost your resolve to not give up, but to battle to keep your home.

Foreclosure Solutions Resources Free

Foreclosure Resources Free To Help You Stop Your Foreclosure – Get the Foreclosure Solutions Help and Prevention Assistance You Need Today!!!

Foreclosure Solutions Free Mini Email Newsletter

Now get your free Stop Foreclosure solutions Mini Newsletter and Find out exactly what you need to know concerning  the effectiveness of the Major Foreclosure Solutions.


Click here
for your free Foreclosure Solutions Newsletter

================.

Free Stop Foreclosure Solutions Tips Report

Now get the email newsletter above in a foreclosure tips and secrets report by instant download.


Click here
for your free foclosure tips report Today!!!

Foreclosure-Prevention Free RSS Web Based Newsletter

Yes, get my free  Foreclosure Prevention RSS Feed or Website URL and your Free RSS Reader Today!


Click here
for your free RSS Prevention Newsletter.    ================

Free Foreclosure Prevention EBook Package Discount Coupon

Also, get a High Qaulity and Affordable Foreclosure Prevention EBook Solution for an even Better low cost with this $30.00 off coupon.


Click here
for your free discount coupon.

Foreclosure Help Free Guidelines Report/Article

Get this free Foreclosure Help Guidlines Tips Report and find out tips and secrets you need to help you stop your foreclosure Today!!!


Click here
for your free Foreclosure Help Guidelines Report.    ================

Free Foreclosure Help Preliminary Audit Questionnaire Software

Get Fast help with your free foreclosure help Preliminary Audit.  Start by filling out a quick Questionnaire yourself or you can call for Expert assistance.


Click here
for your free preliminary audit Today!!!

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

Foreclosure Solutions Foreclosure Answers Foreclosure Expert(s) Deed Lieu of Foreclosure