August, 2009
Friday, August 28th, 2009
A couple Florida mortgage modification companies are being investigated for their ties to law firms. Consumer advocates claim partnerships between loan modification firms and lawyers might be designed to avoid rules that state you can't accept upfront money for mortgage services.
The First Legal Group, which also operated as Nationwide Home ...
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Friday, August 28th, 2009
Home foreclosure rates keep on climbing, ensuring that the market is ill with bank owned properties. Average Americans are now driving up foreclosure numbers, not the irresponsible few like the sub-prime folk who have been blamed repeatedly. Now it's people with solid credit who are making things worse, which is ...
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Monday, August 24th, 2009
Loan Modifications have been extended by The Treasury Department for over 400,000 people it was announced today. More than 230,000 trial modifications have begun through the Making Home Affordable Program.
In the next three years they are now estimating 3-5 millions homeowners could be assisted in total. The goal; avoid ...
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Monday, August 10th, 2009
I've now spoken with a few 'insiders' that have expressed frustration about the loan modification process. The time it takes to process along with the frustrated borrowers issuing complaints in record amounts has lead to a stoppage in practice by money lawyers and agents alike.
This tell me a few things. ...
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Tuesday, August 4th, 2009
Florida Loan Modification companies is under attack by Florida's Attorney General for allegedly collecting nearly one million dollars in illegal upfron fees for faulty loan modification services by desperate homeowners. Good work guys (sarcasm font on)!
Jason Vitulano is the owner of the four companies that solicited hundreds of distressed homeowners ...
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Tuesday, August 4th, 2009
FHA loans (Federal Housing Administration) will be eligible for rate reductions similar to the Obama loan modification program currently in use for conventional loans.
As of August 15, 2009 distressed homeowners that have FHA loans may be able to refinance in order to avoid foreclosure.
The FHA mortgage modification program will work ...
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Tuesday, August 4th, 2009
According to a recent Treasury Department report, Bank of America and wells Fargo were the worst performers among the biggest U.S. banks in modifying loans for homeowners facing foreclosure. 4 percent of Bank of America's loans were eligible for mortgage modifications, or nearly 30 thousand loans in all. Compare that ...
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Saturday, August 1st, 2009
The process of getting approved for a merchant cash advance can be murky for some. There are conventional bank loan and there are cash advances, which offer quick capital based on future credit card sales. If your business accepts credit cards and process $5,000 dollars/month in credit sales than you ...
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