RECENT EVENT:
CONSENT ORDER FILES ON BIG BANK SETTLEMENT:
PLEASE REVIEW LINK ON TREASURY DEPT SITE:
http://www.justice.gov/opa/documents/citi-consent-judgement.pdf
http://www.nationalmortgagesettlement.com/
Professional loan work- out help is what we offer
WE FIGHT THE BATTLE FOR YOU
PROVEN METHODS TO ARRIVE At A FAIR SOLUTION
LOWER YOUR MORTGAGE PAYMENTS STOP FORECLOSURE
if you are behind in payments or in foreclosure . This is the right site for you!
If you are being pushed around by the Bank or Service company . We are here for you.
If you just can't afford your home any longer? Yes! we are the ones to help you!
We provide all the effort and the tools to get you a lowered payment , stop foreclosure
call us 1-201-759-8767 our New Jersey / New York Office
NEWS FLASH
AS OF APRIL 2011
OFFICE OF THE COMPTROLLER OF THE CURRENCY, THE REGULATORS OF NATIONAL BANKS HAVE BEGIN TO CRACK DOWN ON THE LARGEST BANKS IE:
BANK OF AMERICA
WELLS FARGO
JP MORGAN CHASE
CITIBANK
HSBC
PNC BANK
If you read articles posted on the internet and saw TV clips about Loan Modifications you will agree it is not a pretty picture.
The Banks have done their best to let you believe that they are working hard to help homeowners in distress to lower the mortgage payments issued pre Jan 2009.
Actually the record shows that the Banks have done their best to discourage the homeowner into obtaining the help encouraged by the Obama Administration{ through the adoption of the HAMP program, known as Making Homes Affordable}. Only 30% of the Loan Modifications sought by Homeowners have been put into place.
The rest have been denied or setup to fail within the trial period.
All of the major banks have setup departments within the bank called Loss Mitigation or Home Retention.
Rather than providing help these departments are structured to frustrate the efforts of Homeowners by placing as many obstacles as possible to discourage the process, they are geared to ask you for the same documentation over and over again . The idea is to frustrate you to quit!
Bottom line! The Banks are trying to ride through the deep recession by providing the least help as possible.
They are kicking the can down the road!
The Modification process has many built in homeowner traps to give the Banks a way not to provide the help you need.
The obvious one used by the banks is called{ " the back door"} called the NPV or Net Present Value.
This aspect of the process is merely a tool used to see which approach is more profitable for the bank to employ.
Simply put foreclose or workout!
When their is equity in the home the Bank will seek to sell the homeowner out and ignore all the paperwork you have submitted and foreclose anyway. They could care less about your hardship
They ask for a hardship letter from you. This is a joke! The Banks are the ones who are laughing
Remember Banks seek profit are not to give charity
They are not your friend.
Remember the movie " Its a wonderful life" if you have not seen it you should.
The whole process, unfortunately is set as a public relations ploy.
The tell you not to pay for help . They tell you all paid services are ripoffs
They want to take you i as a "babe in the woods " They will take of you?
They want to control "the game" and give you as little as they can get away with or nothing and kick you out.
Their cheap Lawyers are ready willing and able to sell your home out from under you.
Check out the Halloween Party at the Steven Baum Law Group
where their staff showed their true atitude by dressing up as homeless
people claiming they were not served with foreclosure papers
These people reflect the mindset of their employers " the Banks"
Our company maintains a federally complaint business model .
We don't charge fees up front.
We do provide services which we do charge for and are able to help you through the whole process.
The modification fee is imposed upon the completion of the process.
We offer a free phone evaluation
We sell complete products which work and we stand behind them
We recommend a Forensic Loan Audit which we sell which will reveal the fraudulent activities
at your loan closing
We help though the foreclosure process so you do not lose your home
While you are seeing help
We can do it all or help do it yourself
call me at 201-750-8767
FREE EVALUATION CALL US NOW!
WE HAVE THE TOOLS TO QUALIFY YOU FAST!
FORENSIC AUDITS AND LOAN MODIFICATION
CALL FOR YOUR FREE CONSULTATION
BEFORE IT IS TOO! LATE
NEW EFFORT TO START
PRINICPAL REDUCTION
What we do:
Forensic Loan Audit and Securitization Loan Audit
to reveal who the Holder of your Note really is!
We expose the Pretender Lenders
Professionally prepared by trained
professionals . NOT JUST a computer audit! Expert Examinaton
Reviewed by an real auditor.
If you feel your loan was underwritten in an unsavory manner
This is the tool modification pro's use to influence the Banks that you have been cheated. You just fax to us your loan documents from your mortgage closing and we do the rest.
We have found violations of the Truth in Lending laws and RESPA in many
loans.
We are here to help you level the playing field with your bank.
REVIEW THE DYI SECTION THIS IS OUR SOFTWARE WHICH WILL ENABLE US TO PREQUALIFY YOU FOR THE HELP YOU SEEK.
JUST FILL IN THE INFO REQUESTED AND WE WILL DO THE REST
OUR TELEPHONE NUMBER IS :
1-201-759-8767
OUR TOLL FREE FAX IS : 1-877-335-2324
Check out this link to foreclosure laws
EMAIL ME NOW! 
or call 1-201-759-8767
paul@yourmodmaster.com
OUR GOAL IS TO KEEP YOU IN YOUR HOME IN AN
AFFORDABLE WAY!
THE HOMEOWNERS GOAL
IS TO SAVE THEIR MOST VALUABLE ASSET THEIR
HOME.
THE BANKS GOAL IS TO
MAINTAIN A PERFORMING ASSET .
OUR JOB IS TO RECONCILE THESE GOALS
The main reason that our loss mitigation processing company is able to reduce rates to such low levels is a mixture of our inclusion of a forensic loan audit in every loss mitigation proposal submission and the willingness of banks to compromise with their borrowers. Recently, Treasury Secretary Geithner appeared before a Congressional Oversight Panel to explain to the panel why lenders and servicers are reluctant to modify loans. Secretary Geithner agreed to assist in persuading major lending and servicing institutions to modifiy even more loans so that the foreclosure crises would not deepen.
the political news coming out of Washington closely as it relates to loss mitigation and foreclosures closely. As increasing political pressure is placed on the major lenders and servicers we feel that that more Americans will meet with success when submitting loan modification proposals to their lenders.
Should the political pressure from Washington wane, we expect a further deterioration in the foreclosure sector and concomitantly less successful loan modifications. In the meantime, the best thing consumers can do for themselves when thinking about modifying the terms of their existing loans is to first speak to a professional in the loss mitigation industry. Important questions to ask include if the company (a) performs a forensic loan audit of the borrowers loan; (b) if they have a refund policy and (c) whether the company makes any guarantees. Explicit guarantees are a sure sign of fraud.
FORENSIC LOAN AUDIT
The forensic loan document audits offered by our Attorney's are designed to identify potential cases of predatory lending law violations. Our team of mortgage professionals will thoroughly review the loan documents, and recalculate the substantive numbers to identify instances of failure to disclose accurate data to your client. Please note that our forensic audit only looks for federal law violations.
Keeping in mind that the goal of the forensic loan document audit is identifying violations of federal law, your goal is to use these violations to apply pressure to the lender so that your client will get a more beneficial result. When violations are found, you may be eligible for damages through litigation, which in some cases may include rescission of the subject loan. Rescission means a principle reduction. Of course, if rescission is available, you will need to produce the tender amount due. This is important to understand as many homeowners are in no position to tender as the value of the subject property has fallen drastically. Fortunately, many lenders offer what has been called “equitable rescission,” and if your jurisdiction allows this relief, you may be able to keep you in your home.
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DISCLOSURE ANALYSIS – Our staff will review the loan? documents for missing dates and signatures, recalculate the Annual Percentage Rate and Closing Fees as well as other material values set forth in those documents. If the disclosures are materially deficient, our staff will identify those “failures to disclose” to you.
TILA, RESPA, AND HOEPA ANALYSIS – Your client may have? gotten a closed-ended loan which was disguised as an open-ended line of credit. If this is the situation, your client may have a solid case against the lender. Identifying some violations of federal laws requires not just recalculating numbers but looking at the underlying nature of the loan compared to the way the loan was presented to your client.
WRITTEN REPORT – You will receive a written report of the? results of the forensic loan document audit.
Some of the issues that our forensic loan document audit might find are:
1. CONSTRUCTIVE FRAUD
Material facts include the terms of the loan, whether there is a prepayment penalty, or any other information that a reasonable borrower would want to know before accepting the loan. Did the broker, loan officer or anyone working for the broker or loan officer fail to disclose any material facts to the borrower? What about third parties?
2. FRAUD AND NEGLIGENT MISREPRESENTATION
Our audit reviews the representations, statements, and comments (written or oral) made by the loan officer, broker, notary and others for contradictions.
3. NEGLIGENT MISREPRESENTATION
Mortgage professionals makes errors, but if those errors are below the standard of care for that professional, your client might have a valid case for negligent misrepresentation.
4. BREACH OF CONTRACT
The mortgage note and its attached documents constitute a contract. The lender is obligated to perform the duties set forth in that contract, including accurate calculations of the amounts involved in the mortgage.
AUDIT DOCUMENT CHECKLIST
Please provide the following documents for our Forensic Loan Audit Review Service All of these documents should be in the package your title agency gave you when you bought your home. The Title Agency should also have a copy in their files. If you cannot find your copy, you should try to get a copy of all your paperwork in the Title Agency's files. Make a copy to keep for yourself and send the copy to us. When your audit is completed, the paperwork you send to us will be destroyed after 30 days. If you cannot locate a copy of your original paperwork, you will need to have us prepare a demand letter to send to your lenders. There is a nominal charge of $50.00 for this service, so it is best to do all you can to find your copies you received at the closing or ge them from your Title Agency.
1. Mortgage Note with Endorsements, Modifications, Attachments, Riders, Addendum’s, etc. State the terms of the loan and interest rate, and changes. (Again, if you have more than one loan, bring the NOTE for each loan.)
2. Mortgage / Deed of Trust / Security Instrument.
3. Second Lien Documents / Subordination Agreement(s).
4. Mortgage Insurance Certificate.
5. HUD1 / Settlement Sheet and Addendums from your closing. (Estimate and Final).
(If you have more than one mortgage, make sure you send a HUD-1 settlement statement for each closing.)
6. Rescission Notice (if applicable).
7. FEMA Standard Flood Hazard Determination.
8. Hazard Insurance Documents (include flood, wind, other applicable policies).
9. Final Truth in Lending Disclosure (TIL).
10. Initial Truth in Lending Disclosure.
11. Section 32 Disclosures.
12. Mortgage Application (FNMA 1003) or Uniform Residential Loan Application, from your closing).
13. Good Faith Estimate (GFE).
14. Sales Contract with all Addendums (if applicable).
15. Appraisal (If you have one).
16. Survey or Platt Map.
17. Title Commitment and / or Title Policy.
18. All State Disclosures.
19. Home Owners Insurance Declarations Page … the current insurance on the home.
20. Property Tax Bill/Statement … Agree to Provide Any Document Requested by Forensic Auditors Of America: Initial______Initial______
CLICK ON THIS:
http://www.youtube.com/watch?v=oEjEiaggQi0&feature=related
http://www.freediykits.com/loan-modification-resources/foreclosure-timeline.html
WINNING DEFENSE AGAINST FORECLOSURE
A plaintiff has no foundation in law or fact to foreclose upon a mortgage in which the plaintiff has no legal or equitable interest, and where an assignment of the mortgage post-dates the filing of the complaint, the plaintiff does not have the requisite ownership interest at the time of filing. As a foreclosure of a mortgage may not be brought by one who has no title to it and absent a legally effective transfer of the debt, the (post-filing) assignment of the mortgage is a legal nullity. U.S. Bank National Association v. Kosak et al., 2007 NY Slip Op 51680(U)(N.Y. Sup.Ct. 9/4/2007), citing Katz v. East-Ville Realty Co., 249 AD2d 243, 672 NYS2d 308 [1st Dept 1998] and Kluge v. Fugazy, 145 AD2d 537, 536 NYS2d 92 [2d Dpet 1988].
