Aug 31

Alan White, Assistant Professor of Law at Valparaiso University, discusses the history and background of the recent mortgage crisis at the “Defending Foreclosures, Saving Homes” conference, held March 28, 2008.

As the foreclosure crisis deepens, Indiana homeowners are in greater need of assistance from trained housing counselors and attorneys. The conference’s speakers have extensive experience in predatory lending and foreclosure litigation, workouts, and bankruptcy.

Conference participants learned about the latest developments in foreclosure and bankruptcy, loss mitigation and mortgage servicer practices. Attorneys interested in representing homeowners learned the nuts and bolts of the Indiana foreclosure process, explored effective claims and defenses available to homeowners, and learned how to present workout and loan modification proposals to mortgage servicers. Housing counselors learned more about judicial foreclosure in Indiana and options available to homeowners at each stage of the process. Architects of the Indiana Foreclosure Prevention Network were on hand to explain the IFPN initiatives—including the recently established hotline and referral network.

Valparaiso Law, founded in 1879, is one of the oldest continuously operating law schools in the U.S.A. Located near Chicago in Valparaiso, Indiana. www.valpo.edu/law

Duration : 0:6:51

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Aug 30

While I was helping at the “Foreclosure Prevention and Rescue Fair” in San Jose, a company came with some agents and passed out flyer hoping to PROFIT from troubled homeowners. However, their flyers were intercepted and thrown away.

This is a converstation with one of the agents listed on the flyer. This agent quickly tried to take credit for the community event which he had nothing to do with.

View this event at:
http://www.youtube.com/watch?v=XsO8reznqLI

At the event loan modifications were done at no charge by HUD approved counselors. There is no need to pay a fee to so called “loan modification experts” that you see on the internet and on YouTube. Don’t fall victim to another scam, contact a HUD approved counserlor if you need a loan modification.

More information at:
http://sccrealestateuncensored.com/2008/loan-modification-foreclosure-help-san-jose/

Duration : 0:4:38

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Aug 28

loan modification can help you to avoid foreclosure.
This video on Loan Modification and Avoiding Foreclosure will educate you on the process

Duration : 0:2:2

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Aug 28

Housing Markets

While a swift, simple and substantive fiscal growth package will provide a boost and add to job creation this year, it is not intended or expected to slow down the housing correction. After years of unsustainable home price appreciation, this is a necessary correction. On Monday, the Commerce Department reported that over the 12 months of 2007, new homes sales dropped 41 percent and new home prices declined by 10.4 percent. Other measures also show roughly flat or falling home prices over the last year. The Administration’s focus has been — and in addition to this fiscal growth plan will continue to be — aggressive action to try to minimize the impact of the housing downturn on homeowners and the real economy by preventing avoidable foreclosures.

Last fall, we encouraged the creation of the HOPE NOW alliance, a coalition representing over 90 percent of the subprime servicing market and non-profit mortgage counseling organizations, trade associations and investors. This industry-wide effort employs multiple tools to reach and help struggling homeowners, including streamlining subprime borrowers into refinancings and loan modifications to avoid a market failure. And they are doing so without asking American taxpayers to pay the bill.

There are promising developments. According to HOPE NOW, the industry assisted 370,000 homeowners in the second half of 2007, and mortgage servicers modified subprime loans during the fourth quarter at a rate three times faster than in the third quarter. In its first two months, HOPE NOW sent over 480,000 letters to at-risk borrowers who had not reached out for help previously. Servicers estimate that, as a result of the first wave of letters approximately 16 percent, or 77,000 homeowners, have called their servicer or a non-profit counselor to see if foreclosure can be avoided.

We will receive regular progress reports in the coming months. As we learn more, we will look for additional measures to reach more borrowers and prevent as many avoidable foreclosures as possible.

The Administration has also, through FHASecure, expanded affordable mortgage options. Working with Congress, we have increased funding for mortgage counselors who assist struggling homeowners. We have also temporarily eliminated taxes on forgiven mortgage debt. But more action is needed in the housing sector, action that is as important as a short-term fiscal growth plan.

We have urged Congress to move quickly to finalize its work on the FHA modernization bill — that will provide financing for about 250,000 borrowers. Congress should also allow states to issue tax-exempt bonds to raise funds for innovative refinancing programs.

And it is vitally important that Congress pass GSE reform legislation to enhance regulatory oversight for Fannie Mae and Freddie Mac. The House leaders decided to include a temporary increase in the GSEs’ conforming loan limits in the economic growth bill. This could be helpful to jumbo mortgage borrowers; however, higher limits are inconsistent with the GSEs’ affordable housing mission. Under the House bill, these higher limits expire at the end of this year, and this should not be an excuse for postponing much-needed reform. The House has already passed GSE reform legislation and Senate Banking Chairman Dodd has assured me that he will take legislation up soon. We will continue to press Congress for this reform and stronger GSE regulatory oversight.

Duration : 0:6:53

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Aug 27

Accelerating loan modifications

Duration : 0:8:27

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Aug 26

i.ytimg.com/vi/_hYqIy3XIQA/2.jpg” align=”left”>If You Are In Danger of Losing Your Home In Foreclosure This Video Could Be The Key To Keeping Your Home.
Comments Please…

Duration : 0:1:21

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Aug 18

www briankortepl com 866 322 2164 Seeking foreclosure defense in Florida We are a full service law firm with attorneys dedicated to helping homeowners through the difficulty of mortgage foreclosure short sales loan modifications truth in lending violations tila respa law title transactions predatory lending etc We are lawyers located in Palm Beach county of Florida and serve customers statewide with their residential housing issues Please contact us directly or visit our website for more information You can visit us in person if you reside in West Palm beach Boca Raton Wellington Jupiter Port Saint Lucie Vero Beach Miami Ft Lauderdale Broward County Dade County

Duration : 0:0:26

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Aug 14

http://www.firstamericanhomesavers.com

The main goal of this video series is help you negotiate a successful loan modification with your lender, however there is no guarantee your lender will modify your loan.

You could fall into one of the following categories: Short Refinance, Forbearance
Agreement, Repayment plan, Deed in Lieu of Foreclosure, Short Sale and/or Cash for Keys. Please visit our website and download a copy of terms and definitions.

Duration : 0:2:52

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Aug 14

A loan modification is when the lender modifies your current mortgage in order to work with you because of a hardship. The purpose is to help make your loan more affordable. Usually it is in the form of a rate reduction and fixing the rate for a certain amount of time. In the past this was only used when a borrower was delinquent and suffered a hardship such as a job loss, divorce, illness etc. Now borrowers can obtain mortgage help from their lender for unaffordable rate adjustments on adjustable rate mortgages.

Duration : 0:1:23

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Aug 12

http://lossmitigation10k.com - Save Homes With Foreclosure Loss Mitigation Training! Earn Up To 6 Figures PLUS Get Massive Real Estate Leads.

Duration : 0:1:53

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