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Home Foreclosure In CanadaMay 29th, 2010

Author: admin

Foreclosure Newsflash - Yahoo News

Perani Arena sold at foreclosure, broken into days later
FLINT — After being sold at a sheriff’s auction last Wednesday, the 40-year-old Perani Arena and Event Center was broken into last Friday. read more

Concerned about keeping your home..foreclosure or shortsale

Books on Stopping Foreclosure


Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit
List Price: $19.95
Sale Price: $10.98
Used From: $0.01
Average Rating:

There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes...

How to Stop Foreclosure How to Stop Foreclosure
List Price: $16.95
Sale Price: $3.75
Used From: $0.13
Average Rating:

Foreclosure Self-Defense For Dummies Foreclosure Self-Defense For Dummies
List Price: $19.99
Sale Price: $0.99
Used From: $0.01
Average Rating:

Facing foreclosure? You need to do three things: stop worrying about why this has happened to you; resolve to fight the foreclosure and save your home; and read Foreclosure Self-Defense For Dummies. It delivers the knowledge, strategies, and tactics you’ll need to take command of your situation and achieve the best possible outcome...

Stop Foreclosure Now in California (Nolo Press Self-Help Law) Stop Foreclosure Now in California (Nolo Press Self-Help Law)
List Price: $29.95
Sale Price: $45.00
Used From: $2.32

Across the country, foreclosures are at an all time high, but especially so in California, where people facing foreclosure actually have several options. STOP FORECLOSURE NOW (California edition) provides step-by-step instructions to help Californians avoid foreclosure proceedings and protect their credit...

How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances
List Price: $18.95
Sale Price: $11.06
Used From: $7.74
Average Rating:

Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind...

American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate) American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate)
List Price: $25.95
Sale Price: $13.23
Used From: $6.22
Average Rating:

The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment...

23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1) 23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1)
List Price: $19.95
Sale Price: $19.95
Average Rating:

This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life...

Defeat Foreclosure Defeat Foreclosure
List Price: $19.95

Save your house, your credit and defend your rights. Defeat Foreclosure is a must read in the current mortgage melt-down. Written in easy to understand language it applies to homeowners in every state...

Stop Foreclosure and keep your home, or Just Walk Away Stop Foreclosure and keep your home, or Just Walk Away
List Price: $29.95

Learn over 40 methods, options, alternatives, strategies to Stop or Stall your foreclosure or learn how to walk away with no financial obligations.An information and fact rich eBook containing over 160 pages of very useful and helpful information.

How To Avoid Home ForeclosureMay 26th, 2010

Author: admin

One of the major indicators that a household is going through a severe financial storm is when they are facing the prospect of home foreclosure. The first sign of dooming foreclosure is when the family is behind on the payments. If this scenario is happening to you, it would help to know that there are several alternatives that could save your home from being foreclosed. These include the following:

Workout Agreement between You and Your Mortgage Lender

Usually, such an agreement is used by homeowners who have little or no equity on their houses. The agreement could be accomplished through a hired professional however hiring someone's services would mean another unplanned expense on your part. Thus, it is easier to go directly to the mortgage lender and negotiate. The negotiation normally ends up with selling the house instead of foreclosing it. The proceeds may not be much and may only suffice the balance on your mortgage payments but are enough to save you from foreclosure.

Reinstating Your Current Loan

This option is available for people who can pay lump sum payments to their mortgage lender to pay off the default. This works best for homeowners who can guarantee that they can pay off the total balance within 24 months along with their regular mortgage fees.

Reinstatement Options:

a. Total Reinstatement This type allows the homeowner to accomplish all due payments including all assessed costs and charges to bring the loan current.

b. Mortgage Modification This involves the alteration of the current mortgage plan into another plan that will suit the financial capacity of the homeowner which may include the extension of the number of payments to give more time to the homeowner to pay off the entire balance and/or increase in the loan balance. This process requires the approval of the bank though and any expenses incurred during the process plus the extra charges that may be caused by the additional requirements covered through the process will be added to the entire balance.

c. Repayment Plan This option requires the homeowner to pay the total amount of all delayed payments over a specific period of time. The homeowner is required to pay anywhere from 30% to 50% of the total arrears that include total balance for all late payments, attorney's fees and bank fees.

All these options are designed to help save yourself from foreclosure and its inherent damages. Please contact a professional for more comprehensive information on each option.

Home Foreclosures StatisticsMay 23rd, 2010

Author: admin

Foreclosure Newsflash - Yahoo News

Foreclosures rise in wake of high unemployment
TALLINN - Home foreclosures have hit the 500 level in Estonia for 2009, according to the latest statistics.

Loss Mitigation Business Opportunity.

Books on Stopping Foreclosure


Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit
List Price: $19.95
Sale Price: $10.98
Used From: $0.01
Average Rating:

There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes...

How to Stop Foreclosure How to Stop Foreclosure
List Price: $16.95
Sale Price: $3.75
Used From: $0.13
Average Rating:

Foreclosure Self-Defense For Dummies Foreclosure Self-Defense For Dummies
List Price: $19.99
Sale Price: $0.99
Used From: $0.01
Average Rating:

Facing foreclosure? You need to do three things: stop worrying about why this has happened to you; resolve to fight the foreclosure and save your home; and read Foreclosure Self-Defense For Dummies. It delivers the knowledge, strategies, and tactics you’ll need to take command of your situation and achieve the best possible outcome...

Stop Foreclosure Now in California (Nolo Press Self-Help Law) Stop Foreclosure Now in California (Nolo Press Self-Help Law)
List Price: $29.95
Sale Price: $45.00
Used From: $2.32

Across the country, foreclosures are at an all time high, but especially so in California, where people facing foreclosure actually have several options. STOP FORECLOSURE NOW (California edition) provides step-by-step instructions to help Californians avoid foreclosure proceedings and protect their credit...

How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances
List Price: $18.95
Sale Price: $11.06
Used From: $7.74
Average Rating:

Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind...

American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate) American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate)
List Price: $25.95
Sale Price: $13.23
Used From: $6.22
Average Rating:

The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment...

23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1) 23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1)
List Price: $19.95
Sale Price: $19.95
Average Rating:

This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life...

Defeat Foreclosure Defeat Foreclosure
List Price: $19.95

Save your house, your credit and defend your rights. Defeat Foreclosure is a must read in the current mortgage melt-down. Written in easy to understand language it applies to homeowners in every state...

Stop Foreclosure and keep your home, or Just Walk Away Stop Foreclosure and keep your home, or Just Walk Away
List Price: $29.95

Learn over 40 methods, options, alternatives, strategies to Stop or Stall your foreclosure or learn how to walk away with no financial obligations.An information and fact rich eBook containing over 160 pages of very useful and helpful information.

Home Foreclosure GraphMay 17th, 2010

Author: admin

Foreclosure Newsflash - Yahoo News

2012 - The Crash of the U.S. Housing Market?

Books on Stopping Foreclosure


Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit
List Price: $19.95
Sale Price: $10.98
Used From: $0.01
Average Rating:

There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes...

How to Stop Foreclosure How to Stop Foreclosure
List Price: $16.95
Sale Price: $3.75
Used From: $0.13
Average Rating:

Foreclosure Self-Defense For Dummies Foreclosure Self-Defense For Dummies
List Price: $19.99
Sale Price: $0.99
Used From: $0.01
Average Rating:

Facing foreclosure? You need to do three things: stop worrying about why this has happened to you; resolve to fight the foreclosure and save your home; and read Foreclosure Self-Defense For Dummies. It delivers the knowledge, strategies, and tactics you’ll need to take command of your situation and achieve the best possible outcome...

Stop Foreclosure Now in California (Nolo Press Self-Help Law) Stop Foreclosure Now in California (Nolo Press Self-Help Law)
List Price: $29.95
Sale Price: $45.00
Used From: $2.32

Across the country, foreclosures are at an all time high, but especially so in California, where people facing foreclosure actually have several options. STOP FORECLOSURE NOW (California edition) provides step-by-step instructions to help Californians avoid foreclosure proceedings and protect their credit...

How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances
List Price: $18.95
Sale Price: $11.06
Used From: $7.74
Average Rating:

Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind...

American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate) American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate)
List Price: $25.95
Sale Price: $13.23
Used From: $6.22
Average Rating:

The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment...

23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1) 23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1)
List Price: $19.95
Sale Price: $19.95
Average Rating:

This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life...

Defeat Foreclosure Defeat Foreclosure
List Price: $19.95

Save your house, your credit and defend your rights. Defeat Foreclosure is a must read in the current mortgage melt-down. Written in easy to understand language it applies to homeowners in every state...

Stop Foreclosure and keep your home, or Just Walk Away Stop Foreclosure and keep your home, or Just Walk Away
List Price: $29.95

Learn over 40 methods, options, alternatives, strategies to Stop or Stall your foreclosure or learn how to walk away with no financial obligations.An information and fact rich eBook containing over 160 pages of very useful and helpful information.

Home Foreclosures In IllinoisMay 14th, 2010

Author: admin

Foreclosure Newsflash - Yahoo News

Pennsylvania Offering Largest Auction of Build America Bonds
Jan. 13 (Bloomberg) -- Pennsylvania offers today the largest competitively bid series of Build America Bonds since such sales began nine months ago and helped to reduce longer- term tax-exempt borrowing costs.

Avoid Real Estate Foreclosure Champaign Urbana Illinois Resources

Books on Stopping Foreclosure


Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit
List Price: $19.95
Sale Price: $10.98
Used From: $0.01
Average Rating:

There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes...

How to Stop Foreclosure How to Stop Foreclosure
List Price: $16.95
Sale Price: $3.75
Used From: $0.13
Average Rating:

Foreclosure Self-Defense For Dummies Foreclosure Self-Defense For Dummies
List Price: $19.99
Sale Price: $0.99
Used From: $0.01
Average Rating:

Facing foreclosure? You need to do three things: stop worrying about why this has happened to you; resolve to fight the foreclosure and save your home; and read Foreclosure Self-Defense For Dummies. It delivers the knowledge, strategies, and tactics you’ll need to take command of your situation and achieve the best possible outcome...

Stop Foreclosure Now in California (Nolo Press Self-Help Law) Stop Foreclosure Now in California (Nolo Press Self-Help Law)
List Price: $29.95
Sale Price: $45.00
Used From: $2.32

Across the country, foreclosures are at an all time high, but especially so in California, where people facing foreclosure actually have several options. STOP FORECLOSURE NOW (California edition) provides step-by-step instructions to help Californians avoid foreclosure proceedings and protect their credit...

How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances
List Price: $18.95
Sale Price: $11.06
Used From: $7.74
Average Rating:

Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind...

American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate) American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate)
List Price: $25.95
Sale Price: $13.23
Used From: $6.22
Average Rating:

The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment...

23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1) 23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1)
List Price: $19.95
Sale Price: $19.95
Average Rating:

This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life...

Defeat Foreclosure Defeat Foreclosure
List Price: $19.95

Save your house, your credit and defend your rights. Defeat Foreclosure is a must read in the current mortgage melt-down. Written in easy to understand language it applies to homeowners in every state...

Stop Foreclosure and keep your home, or Just Walk Away Stop Foreclosure and keep your home, or Just Walk Away
List Price: $29.95

Learn over 40 methods, options, alternatives, strategies to Stop or Stall your foreclosure or learn how to walk away with no financial obligations.An information and fact rich eBook containing over 160 pages of very useful and helpful information.

Home Foreclosure Listings NjMay 11th, 2010

Author: admin

Foreclosure Newsflash - Yahoo News

Pre Foreclosure Listings

Books on Stopping Foreclosure


Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit
List Price: $19.95
Sale Price: $10.98
Used From: $0.01
Average Rating:

There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes...

How to Stop Foreclosure How to Stop Foreclosure
List Price: $16.95
Sale Price: $3.75
Used From: $0.13
Average Rating:

Foreclosure Self-Defense For Dummies Foreclosure Self-Defense For Dummies
List Price: $19.99
Sale Price: $0.99
Used From: $0.01
Average Rating:

Facing foreclosure? You need to do three things: stop worrying about why this has happened to you; resolve to fight the foreclosure and save your home; and read Foreclosure Self-Defense For Dummies. It delivers the knowledge, strategies, and tactics you’ll need to take command of your situation and achieve the best possible outcome...

Stop Foreclosure Now in California (Nolo Press Self-Help Law) Stop Foreclosure Now in California (Nolo Press Self-Help Law)
List Price: $29.95
Sale Price: $45.00
Used From: $2.32

Across the country, foreclosures are at an all time high, but especially so in California, where people facing foreclosure actually have several options. STOP FORECLOSURE NOW (California edition) provides step-by-step instructions to help Californians avoid foreclosure proceedings and protect their credit...

How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances
List Price: $18.95
Sale Price: $11.06
Used From: $7.74
Average Rating:

Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind...

American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate) American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate)
List Price: $25.95
Sale Price: $13.23
Used From: $6.22
Average Rating:

The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment...

23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1) 23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1)
List Price: $19.95
Sale Price: $19.95
Average Rating:

This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life...

Defeat Foreclosure Defeat Foreclosure
List Price: $19.95

Save your house, your credit and defend your rights. Defeat Foreclosure is a must read in the current mortgage melt-down. Written in easy to understand language it applies to homeowners in every state...

Stop Foreclosure and keep your home, or Just Walk Away Stop Foreclosure and keep your home, or Just Walk Away
List Price: $29.95

Learn over 40 methods, options, alternatives, strategies to Stop or Stall your foreclosure or learn how to walk away with no financial obligations.An information and fact rich eBook containing over 160 pages of very useful and helpful information.

Foreclosure Crisis CausesMay 8th, 2010

Author: admin

Foreclosure Crisis Causes

Every bailout the government has given to the banking system has been designed to stabilize the housing and stock markets, keep access to credit open, and keep people in their homes. But despite these stated goals, all that has happened is the banks are hoarding the free money, jobs are still being lost, and homeowners are going into foreclosure in record numbers.

Banks and the government worked together to enrich themselves through the real estate boom and turn communities into dumping grounds for easy loans. Now that the bubble has burst, banks and the government have been working together to ensure that only the people in those pump-and-dump communities feel the effects of the meltdown.

But it is not just that nothing is being done to help people stay in their homes. The government has come up with numerous programs ostensibly designed to help people stop foreclosure in certain instances and help borrowers work with lenders to modify mortgages.

An even worse problem, though, is that these programs take money from everyone else through inflation to help a very, very small number of homeowners. And if the programs are ineffective (which they have been so far), they may actually cause more people to face foreclosure.

All of this inflation where the government prints money and throws it at banks will also result in higher prices down the road. The banks are hoarding the money now in order to cover future losses they know are coming from other bad investments, but eventually they will begin making poor loans again, inflating another bubble before another collapse.

One argument that has been made is that it is far too difficult to throw small amounts of money at hundreds of thousands of homeowners to stabilize the system. So the government throws large amounts of money at a few small institutions, which is supposed to help everyone by maintaining faith and support of the financial system.

The problem is, these banks, once the government bails them out, have absolutely no incentive to work very hard with homeowners to save homes from foreclosure. With essentially free money, banks can sit back and do nothing, crying for more money when more people face foreclosure.

And this is exactly what it seems the banks are doing. Create a crisis, deliberately fail to respond to the fallout, cry for a government handout, use the bailout to act even lazier, not respond to further fallout, cry for more handouts, and so on.

Also, the few government programs designed to help homeowners work with their banks put restrictions on the lenders and require them to recognize losses on delinquent loans. So obviously, the banks are very concerned about having to admit to even more losses caused by bad mortgage loans, which might drive their stock prices down.

There is no real incentive for the lenders to take losses on loans and work with borrowers to restructure defaulted mortgages. In fact, there is a much larger payoff if the banks keep the foreclosures, do nothing to respond to them, and go to the government claiming a crisis that requires enormous amounts of taxpayer money to solve.

The bailout plans (especially the most recent $700 billion one) have required nothing from the banks other than that they be in serious trouble and need money. There are no restrictions and the banks can dump these bad loans directly onto the government, instead of having to work with homeowners.

The government has given the banks an incentive to keep making bad loans and then never address the problems caused by shoddy lending guidelines. The more people they foreclose on, the more free money they can cash in on from the bailout plans. So nothing will continue to be done to help homeowners stay in their homes.

The ForeclosureFish website has been created to provide homeowners in danger of losing their houses with relevant and important mortgage help and resources. The site describes various methods that may be used to save a home, such as foreclosure refinance loans, mortgage modification, short sales, bankruptcy, and more. Visit the site to read more articles about how foreclosure works and how the process may be avoided before it is too late: http://www.foreclosurefish.com/

Non-Judicial Foreclosure VirginiaMay 5th, 2010

Author: admin

FOR IMMEDIATE RELEASE:

Contact: Mortgage Fraud Examiners

Phone: 800.540.EXAM (3926)

http://www.MortgageFraudExaminers.com

 

LOAN AUDITS THE LATEST “FORECLOSURE RESCUE†SCAM

Mortgage Fraud Examiners, the investigative firm who warned the public about loan modification scams and the “criminal loan modification trap†is now warning the public of this latest scam.

November 18, 2009 (Ashburn, Virginia) – When the mortgage crisis hit American homeowners full-force, companies offering “foreclosure rescue†and “loan modification†companies sprouted like weeds.  Most promised troubled homeowners quick-fixes for high fees, and failed to deliver after collecting their money, leaving families poorer and closer to homelessness.

The new flood of loan audit companies is fueled by the spread of loan modification companies in an attempt to side step the upfront fees that the states have prohibited these companies from charging. They’re the proverbial “wolf in sheep’s clothing.â€

Mortgage Fraud Examiners is a project of Lex Consulting http://www.instantlawpartner.com. For over 30 years, Lex Consulting has provided litigation support to attorneys, helping them break into new areas of practice, or providing specialized advice for complex cases requiring novel approaches to the law.  Due to the recent housing crisis, Mortgage Fraud Examiners, a team of specially trained attorneys, was created to provide lawyers with comprehensive assistance to help them keep their clients in their homes.

Mortgage Fraud Examiners CEO Storm Bradford explains: “Although forensic examinations of mortgage transactions can be of substantial value to a homeowner, regrettably, most companies providing these so-called ‘loan audits’ are nowhere near qualified to do so. They are performed and sold by persons with no legal training, such as, former real estate agents, mortgage brokers, or loan processors, who input data into some software program. The “audit†is a useless checklist of the documents provided to the “auditor,†with no information about the legal implications of the documents. It's that old adage on computer software: 'Garbage-in, garbage-out.' We do our forensic examinations mostly for attorneys and their clients.  Knowledeable attorneys are going to spot a scam ‘audit’ a lot quicker than a layperson.  We have to provide services that withstand the scrutiny and demands of a trained legal eye. You need a specific and unique legal knowledge to do a forensic examination of a mortgage transaction; a ten-minute software audit is no substitute for three years of law school. We’re legal professionals looking for things that software can't find, besides, we know what to look for!â€

“A true forensic examination inspects the homeowners’ appraisal, mortgage and supporting documents, in the context of the dealings surrounding the creation of those documents, so legal experts can discover legal defenses a homeowner can use to avoid foreclosure.

Daniel M. Gray, an attorney in Northern Virginia specializing in foreclosures, employs the services of Mortgage Fraud Examiners explains, “I’ve reviewed several of these so-called ‘audits’ from different companies using auditors with no legal backgrounds, and found them to be totally unsatisfactory and legally insufficient. Mortgages are contracts, nothing more, nothing less. The examination must be able to identify contract defenses, torts, regulatory violations and all other types of legal anomalies. I made the choice to use Mortgage Fraud Examiners versus ‘audits’prepared by these non-lawyer audit firms, because they give me the evidence I need to get my client a positive outcome.â€

How does a consumer spot a legitimate loan auditor from an untrained one?  “Ask the right questions,†Bradford advises.  “Ask how they do they conduct the audit- is it software, or are there specifically trained attorneys spending real time examining the documents looking for contract defenses?  If they’re not performing a forensic appraisal that should be a clue. We find appraisal fraud in four out of every five mortgage transactions we examine. Be wary if they tell you something vague like, 'Attorney backed,' or they’re ‘certified loan auditors.’ Either legal professionals are performing the examinations, or not, and there is no schooling or certification process to becoming Joe the Auditor. Someone could have been a ditch digger last week and doing ‘audits’ this week. Homeowners need to be careful. You even have attorneys doing loan modifications instead of doing what they are paid to do—that’s looking for contract defenses.â€

"There really are many legal options available to homeowners facing foreclosure," Bradford concludes.  "But there are no shortcuts to finding them.  Every claim has unique facts, every claim has different applicable law, and only a legal specialist is going to find the answers to help each individual borrower stay in their home."

About the Author:

Article Source: ArticlesBase.com - LOAN AUDITS THE LATEST “FORECLOSURE RESCUE†SCAM

California Home Foreclosure LawsMay 2nd, 2010

Author: admin

Foreclosure Newsflash - Yahoo News

ZipRealty Announces Preliminary Fourth Quarter Revenue Results
EMERYVILLE, Calif.----ZipRealty, Inc. today announced preliminary revenue results for its fourth quarter ended December 31, 2009. Management also provided a full-year 2010 business outlook.

Short Sale or Foreclosure: Will You Save Money?

Books on Stopping Foreclosure


Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit Stop Foreclosure Now: The Complete Guide to Saving Your Home and Your Credit
List Price: $19.95
Sale Price: $10.98
Used From: $0.01
Average Rating:

There are hundreds of books that show investors how to purchase foreclosure properties, but this is the only book that helps people who are in foreclosure. This is the only book that helps homeowners understand the foreclosure process, and explains practical strategies they can utilize to save their homes...

How to Stop Foreclosure How to Stop Foreclosure
List Price: $16.95
Sale Price: $3.75
Used From: $0.13
Average Rating:

Foreclosure Self-Defense For Dummies Foreclosure Self-Defense For Dummies
List Price: $19.99
Sale Price: $0.99
Used From: $0.01
Average Rating:

Facing foreclosure? You need to do three things: stop worrying about why this has happened to you; resolve to fight the foreclosure and save your home; and read Foreclosure Self-Defense For Dummies. It delivers the knowledge, strategies, and tactics you’ll need to take command of your situation and achieve the best possible outcome...

Stop Foreclosure Now in California (Nolo Press Self-Help Law) Stop Foreclosure Now in California (Nolo Press Self-Help Law)
List Price: $29.95
Sale Price: $45.00
Used From: $2.32

Across the country, foreclosures are at an all time high, but especially so in California, where people facing foreclosure actually have several options. STOP FORECLOSURE NOW (California edition) provides step-by-step instructions to help Californians avoid foreclosure proceedings and protect their credit...

How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances How to Use a Short Sale to Stop Home Foreclosure and Protect Your Finances
List Price: $18.95
Sale Price: $11.06
Used From: $7.74
Average Rating:

Don’t lose your ho me to foreclosure! Do a short sale! Robert Irwin, one of America’s most trusted real estate experts, provides the tools you need to avoid foreclosure—and protect your credit, your wealth, and your peace of mind...

American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate) American Foreclosure: Everything U Need to Know About Preventing and Buying (American Real Estate)
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The Definitive Foreclosure Guide for Every Homeowner and Investor Whether you're trying to protect your home from foreclosure or invest in foreclosed properties, you still need reliable information and expert advice to protect your investment...

23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1) 23 Ways To Stop Foreclosure: The Complete Do-It-Yourself Kit (Volume 1)
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This book will give you new hope and inspiration. It is a must-have resource for anyone facing foreclosure. All 23 ways are explained in detail so you can be informed about your options such as, do you fight to keep your home or do you sell it and how will that impact your quality of life...

Defeat Foreclosure Defeat Foreclosure
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Save your house, your credit and defend your rights. Defeat Foreclosure is a must read in the current mortgage melt-down. Written in easy to understand language it applies to homeowners in every state...

Stop Foreclosure and keep your home, or Just Walk Away Stop Foreclosure and keep your home, or Just Walk Away
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Learn over 40 methods, options, alternatives, strategies to Stop or Stall your foreclosure or learn how to walk away with no financial obligations.An information and fact rich eBook containing over 160 pages of very useful and helpful information.