Loan Modification – Can Be A Nightmare

Loan Modification

According to a recent posting on Bloomberg, Richard Neiman, the New York State superintendent of banks stated that mortgage companies make the loan modification problem worse because they actually lose paperwork. The California Reinvestment Coalition found in a survey they conducted of 40 counselors that represent around 14,000 homeowners, these counselors all said servicers had either ignored or even lost loan modification paperwork.

Regarding loan modification paperwork being lost, Joe Ridout, a spokesperson for ConsumerLoan Modification Action, an advocacy and education group based in San Francisco said, “It’s more common to hear that banks have lost paperwork than to hear that they received it and properly handled it”.

This sloppy and uncaring practice leaves HAMP participants open to the foreclosure nightmare, which has been further scrutinized by allegations of ‘robo- signing’.  ‘Robo-signing’ is a process which mortgage companies signed and submitted court documents to justify the seizures of homes without verifying these documents were properly compiled and accurate.

Loan Modification To Lower Mortgage Payments

A HAMP loan modification is designed to lower mortgage payments to 31 percent of a borrower’s monthly gross income. This loan modification process often ends up in a bigger mortgage as accrued interest and additional charges are added onto the balance. Some HAMP loan modifications even add balloon payments to the loan that are must be paid when a house is sold or the mortgage paid off.

Loan Modification Programs Performing – Really?

According to a phone interview the loan modification program, Andrea Risotto, a spokesperson for the Treasure said, “The program continues to perform well,” she also stated “The target of affordability that HAMP put in place – this idea of 31 percent debt to income — which was far more aggressive than what was done historically, is helping homeowners sustain the modification over time,” but this does not take into consideration the many people that report having been put into foreclosure as a result of this HAMP process, discussed in other articles on this site and other sites.

I offer a Free – No Obligation Consultation And Preliminary Audit-review of your loan modification/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.bloomberg.com/news/2010-11-02/mortgage-modifications-meant-to-save-u-s-homes-push-them-into-foreclosure.html

Thinking About A Loan Modification – BE AWARE!

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?

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

Bailout Foreclosure Solutions

News reports concerning the 700 billion dollar bailout are revealing that the money is being gobbled up by spending money on everything else but needy homeowners with foreclosure problems.

It seems once all the spending on these other things is done there will be little l left over of the bailout money to carry out one of it’s primary purposes, to help people with foreclosure problems stop foreclosure.

The bailout money may be heading in the direction of becoming just one of the very many workout foreclosure solutions the banker will say is available; but few homeowners will be able to qualify for it. We shall see!

The bailout solutions may not cover your particular circumstances of foreclosure so get the proper help you need today!

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:

Why You Need Non-Attorney and Attorney Expert Help To Stop Foreclosure!

Chief Justice Warren Burger of the U.S. Supreme Court Warned “75 to 90 Percent of American Trial Lawyers are Incompetent, Dishonest or Both”

Many attorneys are overworked which can even to a Chief Justice of the Supreme Court make them look “incompetent, dishonest or both.” It is a common belief that most attorneys are in it for the money; therefore, unless they work for a Michael Jackson or an OJ Simpson who can pay them handsomely just to work for one client attorneys need to take on many cases to make good money.  Click Here For More Information

Foreclosure law Expert help is very important to help a homeowner stop foreclosure. Many times the homeowner does not know the laws that are on his or her side that can halt the lenders ability to continue the foreclosure process and put the homeowner in a good position to being delt fairly with by the lender because the banks violations are exposed. Many homeowners can even win against the bank pro se (handling their own case) with some expert help. Get Your Expert Help Today Click Here

You can also chat about your foreclosure problems live online or over the phone on my dime an foreclosure expert will call you. Get the foreclosure answers you need today!  Click Here –> for Foreclosure Chat

Stop Foreclosure

There could be answers in foreclosure law to stopping your foreclosure, answers that you may not be aware of, but exist. Foreclosure answers that can stop your foreclosure are available; they can assist you in holding on to your house and keep your home from being a foreclosed property. Get the assistance you need to keep your home out of the foreclosed property listings! Click Here to Chat about it.

Bankers and Creditors Hope You Never Find Out

Bankers and other Mortgage creditors don’t want you to know that there are many, many foreclosure law(s), codes, rules and regulations that provide for your consumer or buyer protection and there are too many for them to follow and make the profits they really want to so they may cut corners and forget to comply with some or many of the regulations, by mistake of course! Creditors count on the ignorance of the people and that is how they are able to get way with being in violation of so many rules. They count on the fact the vast majority of the time people will not find out about the violations they have engaged in writing up and getting you to execute your agreement with them over your mortgage.

They also depend on the fact that there are few if any competent expert sources that know about these laws that people can seek help from to check on if the bank violated the law in there mortgage agreement and to what extent. Up until recently that may have been true, but now there are a few really good sources of expert help to wade through the banks smoke and mirror agreements and find their violations. Watson Lord & Watson’s Mortgage Foreclosure Relief and Elimination Program is one such source available to you.

Click on these links and take advantage of our Foreclosure Chat and get answers to your Foreclosure Problems today!

Avoid Foreclosure

Many people avoid foreclosures today by fighting the bank and winning and you can avoid foreclosure too! Let’s Talk about it. Click Here to Chat