2
Jan
Written by Michelle on January 2nd, 2008
Can a video posted to YouTube™ keep troubled borrowers from losing their homes to foreclosure scam artists? Knowing that one-in-four delinquent borrowers visit the Internet looking for foreclosure help and assistance, Freddie Mac*, one of the nation’s largest investors in residential mortgages, has produced a two-minute YouTube video internet video dramatizing a common foreclosure fraud scam using professional actors to demonstrate and warn borrowers how con artists:
- Get copies of foreclosure notices
- Persuade distressed borrowers to give up the deeds in exchange for solutions to their foreclosure problems
- Add insult to injusry by using those deeds to secure new loans then
- Pocket the money and walk away
- Let the new loans go into foreclosure, leaving the unsuspecting homeowner in worse financial shape before they end up still losing their house.
If you are delinquent on your mortgage - CALL YOUR LENDER or contact us!
Watch the YouTube video here
By working with their servicers, Freddie Mac is now helping an average of 1,000 delinquent borrowers a week avoid foreclosure through Loss Mitigation workout options. Let us show you how to be one of them.
*Freddie Mac is a stockholder-owned corporation established by Congress in 1970 to support homeownership and rental housing. Freddie Mac purchases single-family and multifamily residential mortgages and mortgage-related securities, which it finances primarily by issuing mortgage-related securities and debt instruments in the capital markets. Over the years, Freddie Mac has made home possible more than 50 million times, ensuring financing for one in six homebuyers and more than four million renters.
1
Jan
Written by Michelle on January 1st, 2008
There is nothing more heartbreaking than the devastation of a family losing a home to Foreclosure. Unfortunately, Foreclosure has become a national epidemic and thousands of homeowners lose their homes every year to the Foreclosure Process. Good hardworking people just like you. Read the rest of this entry »
1
Jan
Written by Michelle on January 1st, 2008
What are your options? I’m glad you asked!
Remember Information is Knowledge and Knowledge is Power.
We are providing you with as much information on this site as we can so that you can make an educated choice. We’re hoping that you can see that we know our stuff and that you can trust us enough to call us. But please know that it’s not as important for you to call us, as it is for you to call someone as honest as us; call anyone that you feel has your best interest at heart! Don’t lose your home to Foreclosure or give it away to a Foreclosure ‘Rescue’ Scammer!
1
Jan
Written by Michelle on January 1st, 2008
Everyone Keeps Saying Time Is Of The Essence, Just How Much Time Do I Have Once They File The Notice of Default?
If you haven’t contacted someone to assist you, call your Lender, Call us – You Have Nothing To Lose And Everything To Gain.
REMEMBER THE CLOCK IS TICKING AND VALUABLE TIME IS RUNNING OUT!
1
Jan
Written by Michelle on January 1st, 2008
In assisting our Foreclosure clients over the years, we have come across some Frequently Asked Questions. Take a look at this useful information!
31
Dec
Written by Michelle on December 31st, 2007
What is Mortgage Loss Mitigation?
It is the process of alleviating (mitigating) losses to the lender and the Homeowner. Loss Mitigation is guided by a desire to:
1. Decrease financial losses for the lender.
2. Keep Homeowners in their homes, or if the Homeowner is unable to keep their home or desires to relocate, work with the Homeowner to sell the property, and retain their equity.
Lenders don’t want to foreclose.
Homeowners don’t want to lose their homes.
In today’s tight economy, we are all just a pay check away from needing to know just exactly what Loss Mitigation is and how it can benefit us.
To Understand Loss Mitigation, You’ve Got to Realize This:
How Your Mortgage Company Responds to Homeowners That Fall Behind On Mortgage Payments?
|
|
|
|
|
Send Letters
|
Make Phone Calls
|
Foreclosure
|
How Homeowners React When They Get Behind On Their Mortgage Payments?
 |
|
|
|
Disregard Notices
|
Avoid Answering The Phone
|
Do Nothing
|
This is where Loss Mitigation comes in and it can prevent your home from being lost to foreclosure. An experienced Loss Mitigation Specialist can propose several plans or strategies to the lender to bring your loan current and back in good standing. Most lenders want to avoid the foreclosure process when at all possible. It’s much more equitable if a “meeting of the minds” can occur and an agreement made on a repayment strategy in which you, the homeowner and your lender can benefit.
This Loss Mitigation solution to your mortgage problem is based on your ability to pay, not your credit score.The Loss Mitigation Specialist can be an employee within the Foreclosure department of your own Mortgage Company, or Experienced Real Estate Professional that has been trained as a Loss Mitigation Consultant (”LMC”). Because Borrowers are so reluctant to contact employees from their own mortgage company, most of the nation’s largest Mortgage Lenders count on certified LMCs to contact homeowners on their behalf, to explain options to avoid foreclosure.
No matter what Loss Mitigation Specialists you consider, they should be interviewed regarding experience in dealing with certain banks/lenders and knowledge of repayment plans, real estate financing and laws. Good communication skills are essential for the Specialist to be effective.
Titanium Solutions is one of the nation’s leading providers of Loss Mitigation and Default Management Services. We are proud to be associated with Titanium Solutions as Loss Mitigation Specialist. We have extensive experience in Loss Mitigation and have successfully negotiated many Loss Mitigation opportunities for Borrowers on behalf of several lending institutions. We are well versed on a myriad of repayment plans and can provide multiple strategies for fulfilling loan repayments depending on the type of loan debt or reason for delinquency.
Through Titanium I have seen many a relieved, smiling faces from families who thought there would be no way for them to ever be able to keep their homes. Those have been some of the most rewarding experiences of my professional career.
As Real Estate Professionals, it’s our goal to help people achieve the dream of homeownership. As a Loss Mitigation Specialist, it’s our goal to help you retain it.
The underlying principle to follow is that in Loss Mitigation every case is an exception to the rules.
31
Dec
Written by Michelle on December 31st, 2007
Yesterday, President Bush signed H.R. 3648, The Mortgage Forgiveness Act of 2007, into law, sparing homeowners the tax burden associated with canceled mortgage debt.
Prior to this action, forgiven mortgage debt due to foreclosure, short sale, or deed in lieu of foreclosure, was considered taxable income. The new law, however, temporarily waives these taxes for debts forgiven (as high as 35%) from the beginning of 2007 to the end of 2009. The bill also extends the tax deduction for mortgage insurance premiums through 2014.
“This is going to make a happy holiday for many homeowners,” President Bush said yesterday before signing the bill in to law. During the press conference he added the following:
“When you’re worried about making your payments, higher taxes are the last thing you need to worry about. So this bill will create a three-year window for homeowners to refinance their mortgage and pay no taxes on any debt forgiveness that they receive. And it’s a really good piece of legislation. The provision will increase the incentive for borrowers and lenders to work together to refinance loans – and it will allow American families to secure lower mortgage payments without facing higher taxes.”
“There’s more work to be done,” Bush added, saying that Congress needs to pass legislation to strengthen Freddie Mac and Fannie Mae, to modernize FHA, and to allow the government to issue tax-exempt bonds for refinancing existing home loans.
H.R. 3648 Summary
30
Oct
Written by Michelle on October 30th, 2007
For Latest Updates Click Here
30
Oct
Written by Michelle on October 30th, 2007
These past weeks, over a dozen wildfires raged across Southern California forcing the evacuation of thousands of residents. This evacuation comes almost four years to the day after the Cedar Fire of 2003. At least one fatality has been reported. Fires burned in Malibu, Lake Arrowhead, the Cajon Pass along I-15 in Devore, Irvine, San Diego, and many other places. California governor Arnold Schwarzenegger declared a state of emergency in Los Angeles, Orange, Poway, Riverside, San Bernardino, San Diego, Santa Barbara, and Ventura counties as a result. This is the worst case of wildfires Southern California has ever had.
Pray for all the people that have lost their homes.
Pray these fires die down soon.
Pray for the firefighters and their safety.
27
Oct
Written by Mykel on October 27th, 2007
Been ripped off? Feeling powerless? We’ve all seen it! Consumers being victimized; Companies or individuals brazenly taunting them, ‘Go ahead . . . Sue me,’ knowing full well the time, money and expense it would take to take them to court. Rather than just attempting to prove it to the courts, here’s your opportunity to prove it to the public. Submit your report now at Ripoff Report® FREE. Read the rest of this entry »
