US Loan Outreach Interviews Loan Modification Expert Jeff Morris. Former Ditech Executive discusses the California housing market and foreclosures. Morris talks about the mortgage relief with mortgage loan modification plans that are available for distressed homeowners.
Call Jeff Morris at 866-945-6263 or Visit http://www.USLoanOutreach.com/ for the loss mitigation and mortgage modification solutions online.
Duration : 0:4:5
Attorney Negotiated Home Loan Modification for Home Owners. Expert Advice on Real Estate and Mortgage. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To http://RealEstateMarketingThisWeek.com
Part 7 (Excerpt)
Watch out for scams; huge fees for Loan Modifications
Important to point out folks that Velocity Financial is a full service mortgage broker, the majority of our business is writing and originating and underwriting mortgage loans for homeowners, people to buy real-estate, people to refinance their homes, people can still refinance out there, loan modifications are not for everybody, in fact they are for a small segment of the market.
Im the founder of the Modification Hotline and we put that in place to help people right now, people dont need a salesman when it comes to these loan modifications, I heard a story today from a home owner that I just couldnt believe, this person that is trying to get loan modification told them that she had to pay them $1500 a month for 4 months and by the time she was finished paying them they guaranteed her some kind of ridiculous, I just dont understand why it is like that.
Right now we need to help you get through the situation, we are here for you, we are going to do everything in our power with our national network of attorneys, who are expert negotiators, so it is important that you call.
I just want to make the distinction so it is clear for everybody, Velocity Financial is a full service mortgage firm, all things mortgage related and the concept of todays show being loan modification program is a division of something that you kind of created and had some foresight about all of these issues that are effecting not only mortgage holders but the economy at large, thus this topic and wanting to help these people.
Thats correct, a year and a half ago I was approached by someone that I respected very much in the industry, asked me to get involved with the loss mitigation process and I essentially declined the offer, once I reanalyzed that a number of people calling us needed loan modifications. We did do some research and found the debt advisory alliance with a gentlemen that I have know for years, and he had already put together the national network of attorneys, so we are working with these people who have done thousands of these loan modifications.
We are the affiliate, we are doing the discovery and due diligence, they are taking care of the expert negotiations, thats not my job, that is not what we are good at, what we are good at is putting together a case that will get modified the best for you, and your kids and everything else to keep all of you in place…
Duration : 0:4:32
Loan Modification can be frustrating. Home Rescue Programs is a leader in the loan modification industry. We have helped thousands of families across the US in modifying their home loans. You could be one call away from a successful loan modification.
Duration : 0:2:32
Home financing guru, Jason Cardiff weighs in on the loan modification craze. Loan modification programs have quickly become the hottest act in the mortgage market since the credit crisis began fueling the foreclosure crisis.
The loss mitigation dept. of lenders are negotiating mortgage modifications with lawyer supported loan modification companies.
Loan workouts and rate modification programs have been promoted and in some cases sponsored by Government agencies. The government has a vested interest in homeownership preservation, because until the housing markets rebound, the economy will likely sputter. These new mortgage relief options bring some interesting new twists into the already complicated home financing maze. Both government counseling agencies and local community service agencies concede they have been swamped by demand for loan modification agreements.
Get more tips at http://www.JasonCardiffTips.com/
or Visit http://www.loanmodificationbuzz.com/
for the latest loan modification and mortgage relief chatter.
Duration : 0:1:44
http://www.casimod.com
Intelligently designed to be an all purpose mortgage loan modification software, Casi Mod is utilized for all your specific needs. Whether you’re a processing center, retail branch, law office, etc., Casi Mod will be a valuable tool for your organization.
This powerful loan modification software will assist you with selling, tracking, processing, managing, communicating, marketing, and much more.
Let’s face it, to prosper in the loan modification business it is necessary to have a efficient loan modification software that allow you to pre qualify the client from the initial stage, create a plan, send it for pre approval, and finally, submit it to processing.
Why spend hours trying to convince a client when in the end the prospect doesn’t qualify for a mortgage loan modification? With Casi Mod, pre qualifying the client is very simple and quick. The automated functionality allows you to quickly access financial details, determine if you have a solution, review them with your client, and immediately send them the loan modification package ready for signatures.
For re-assurance the sales agent can easily send pre qualification request to a heirarchy before submitting the file to the processing department. In other words, time is very valuable and why waste on files that cannot be modified when you don’t have to?
Once submitted to processing, the built in tracking feature enables negotiators/processors to track file status instantly (by lenders, amount of days in processing, NOD’s filed, files approved , signing, signed, closed, etc). Furthermore, the built-in internal messaging feature, this software provides file updates to all individuals involved with the file. Therefore, your negotiators/processors can focus on what they do best and that is negotiating with the banks to ensure that the loan modification will be successful.
To satisfy your clients needs, Casi Mod also provides detailed notes to update the processing file status; each time an administrator (processors, attorneys, negotiators, managers, etc.) accesses a file or create notes, Casi Mod automatically logs it into the processing notes section. This will allow you send status updates to your clients or affiliates with a mouse click to ensure them the file status at all times.
Moreover, Casi Mod will also give you an overview of your whole organization. As a manager you will always be in aware of what your staff is doing every day with the Manager Dashboard. Designed as a heads-up-display, it allows you to review daily, weekly and monthly production. Furthermore, Casi Mod will give you the ability of running numerous types of reports such tracking leads, lenders, sale dates, processing and sales pipelines, and more.
Finally, for your convenience, we now offer both solutions. Choose the desktop solution to control your environment or choose the web solution and access from anywhere as long as you have an internet connection.
Contact Us For A Live Web Demo
Email: mdelrosario@msalesinc.com
Phone: 714 420-6148
http://www.casimod.com
Duration : 0:2:1
Lenders do not want your home or the hassles and costs associated with foreclosure. Global Mortgage Financials are experts at negotiating with your bank or lender.
for more info visit: www.gmfinancials.com
Duration : 0:7:59
Attorney Negotiated Mortgage Loan Modification for Home Owners. Expert Advice on Real Estate and Finance. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To http://RealEstateMarketingThisWeek.com
Part 5 (Excerpt)
The Loss Mitigation Department at the Bank is not on your side
Welcome back once again my guest Brett Fallon, Brett is a regular guest on the show, he is a registered financial consultant with RG Capitol and AIG Financial Advisors Brett W Fallon welcome back to the show.
It is nice to have the financial advisors perspective on some of these things so many people dont have a financial advisor so for thousands and thousands of people listening right now you are their only option for that, financial advisory services are typically not for the masses but again you are here to help and your services are available to quite a number of people you actually work with fortune 500 companies is that correct?
Yes, I do a number of workshops for fortune 500 companies that are headquartered here around the valley, the idea is to help people create efficiency with all assets, understanding that their home and home mortgage is typically the largest asset that most Americans have and if you are not treating that with efficiency, the retirement accounts and investments accounts, and all the other stuff has to work in concert, so Im happy to weigh in with information and give you my viewpoints and my perspective.
We were talking just a few moments ago about utilizing an expert negotiator when trying to do a loan modification, people are getting mail from bogus service sources, we have already covered that, but from their servicers saying if you need help with your mortgage, help is here, give us a call. Im certainly not going to tell everyone in the world that they cant do their own loan modification because some people are qualified to negotiate on their own behalf, though in my opinion they will still be emotionally attached to it and if they hear something that sounds good, it may be enough for them to essentially bite at the offer which is exactly what the loss mitigation department wants you to do.
It goes back to the disinterested third party, that expert negotiator, negotiator being the key word in that phrase. One of the things we were talking about and I want to make sure that we address this especially in this segment, we are talking about loan modification of mortgages of people that have some financial constraints, some pressure whatever the source of pain is, for them knowing that this option exists to take an existing mortgage loan and modify it to their best or better interest, from what it currently is, so who should and who should not do a loan modification, lets start with that.
Ill tell you and lets start with people who shouldnt do a loan modification. Someone who thinks their interest rate is too high and owes more than the house is worth, feels that they are entitled to a loan modification, is not really a good enough reason or a hard enough hardship for those types of people unfortunately. This is essentially a handout that is being offered because of some of the malpractices, if you will, that were happening within the mortgage industry over the last several years.
With these big huge banks offering these products that were teaser loans, toxic mortgages, as we call them now. We certainly didnt call them that then when the consumer calls me up and says I want that 1% loan thats going to be my ticket. Unfortunately people took theses loans but what they didnt realize is that someday this loan with the ridiculously low interest was going to reset and their payment was going to quadruple and who on earth could have known that the economic times would be as bad as they are and they would have no option to get out of these loans.
So someone who simply finds themselves upside down on their home, owing more on the house than the actual value of the house, does not necessarily need to consider a loan modification. No they may not qualify on those merits alone in most cases.
I just want to make a point, I was reading an article in the wall Street Journal about this stuff and basically the gist of the article was that the average foreclosure on any property in the United States costs the lender $50, 000 from start to finish…
Duration : 0:5:26
http://www.bankmortgagesecrets.com How to do Loan Modification Best loan modification without loan refinance best strategy for The Obama plan. Avoid bankruptcy, loan secrets banks do not want you to know.
Duration : 0:7:4
Mortgage Industry Executive Scott Hess, sat down with Loan Modification Buzz for an interesting perspective regarding the foreclosure crisis. Hess noted that “There were nearly 1 million loan modifications reported from the mortgage lenders in 2008 and 2 to 3 million mortgage modifications projected for 2009.” He believes there is reason for growing concerns with the vast number of mortgages scheduled to reset with higher adjustable rates and tricky payment options loans that feature negative amortizations offering new loss mitigation challenges for lenders like Countrywide, WAMU, Chase and Wachovia.
Duration : 0:3:58
Attorney Negotiated Mortgage Modification for Home Owners. Expert Advice on Real Estate and Loan Mods. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To http://RealEstateMarketingThisWeek.com
Part 4 (Excerpt)
Home Owner Negotiated Loan Modifications may have too many pitfalls
Yes, I think that makes perfect sense, the only analogy that I can come up with is I could probably figure out how to change the oil in my car, but its not my expertise. Im certainly not going to take the time away from what I have expertise in in order to figure out how to do that, Im going to have a professional do that, and it is the same idea with when someone is considering a loan modification.
You can probably call up that loss mitigation department of that lending institution versus going through the legal department and try to work through that scenario. But you dont know what you dont know, and if you take that approach and make that attempt it could cost you money, it could cost you a higher interest rate, it could cost you something that you are not even aware of. Thats where your team and the loan modification professionals and this attorney network that you exclusively work with come into play.
Again you talk about choosing to not change your own oil, of course you could figure it out, you wouldnt operate on yourself, if you got yourself into some legal trouble and you were an attorney you wouldnt represent yourself. Even though you may know what to do and how to do it, you are just not going to do it because you need an unbiased, 3rd party that is truly going to fight for your rights.
And who has expertise in this particular area, specifically focused on working on the mortgage holders, the consumers best possible outcome.
Thats right and that is a great point, we have example after example of people who have tried to do the loan modification on their own and most of the time what we see is a situation that is best for the bank, a temporary fix, well people dont need a temporary fix.
Temporary being the key word there, well make it better for one year, three years, five years,
whatever it is, but we will tack it onto the life of the loan. One of our strategic partners was just sharing a story on the break about someone he knows personally that did this, they did this themselves without the benefit of an attorney and the end result was a temporary, short term fix today, all of the back interest, costs etc. were tacked on to the other side of the loan, of this mortgage. That is not what you are after, with a loan modification.
And when you think about it a temporary fix is what put most of these people in the situation to begin with it, were a temporary fix. Remember the billboards that said if your mortgage payment is only $500 a month you are payment too much, call us for a 1% interest rate. Give me a break, people fell for it, everybody fell for it, it was a disaster. You dont need a temporary fix you need a real fix.
A real fix that is going to meet your needs as a consumer, that is going to meet the needs of your family so you can stay within the home and thats going to meet the needs of your cash flow monthly, to get a reduced payment, whatever it is going to be for you and your family, that is the whole idea behind modifying your existing loan.
Another important item we hammer down on so many of these issues, a loan modification is not for somebody who doesnt care. This is if you care and it appears that you will be faced with foreclosure, if you are late on your mortgage, if it is getting ready to go up, any number of genuine true hardships financially that happen to you. Your main goal has to be that you want to stay in your house, keep your family in that house, you need to call, we are here to help, we are not salesmen.
If you are able to find another solution, you know what we are happy for you, the more people in my opinion that are affiliates of my firm that are out there to help us through this process the better off we all are, the sooner we get through this loan modification, these toxic mortgages, the sooner all things economic will recover. The housing market is the basis for this economic crisis and everybody knows that.
There is no question and a number of experts that have weighed in and who have credibility that I receive advice from in terms of helping my own clients, they talk about the stock market in terms of when does it improve and when do stocks get a foothold and go forward and the economy starts to rise and recession come to an end and all those things.
Duration : 0:6:24