Foreclosure Crisis Solutions Addressed at the Senate's Banking Committee Hearing

At November 16, 2010 Senate's Banking Committee hearing lawmakers asked experts for foreclosure crisis solutions. There were three experts in the law which consisted of a state attorney general, a legal services attorney, and a law professor all agreed on this about the mortgage service industry: The problems aren't just technical, and they aren't just with robosigning.(http://banking.sentate.gov/public index.cfm?FuseAction)
Diane Thompson, a legal services attorney with the National Consumer Law Center, told the panel that errors in foreclosures are "a widespread problem throughout the country." She estimated that, in the cases she's seen, about half of the defaults were caused by fees that banks themselves stacked on struggling homeowners.  A small percentage, she estimated, were cases in which homeowners were not in default at all. We've tracked the problems with banks servicing of mortgage loans, both in the foreclosure process and in the loan-modification process. Banks-confronted with employee depositions that show proper processing procedures were not followed - have said that they believe no wrongful foreclosures have occurred because regardless of the procedural errors, the underlying facts in the documents were accurate.  Some have stated in calls with investors that they hope for a quick resolution to the controversy and are refiling the questionable documents. Read more on what the Senate Committee lawmakers asked the three experts about the best possible solutions to the problems as posted in http://www.propublica.org/blog/item/at-hearing

For a free loan modification consultation go to http://www.jdssaysyes.com/

Loan Modifications HAMP Performance Report

Making Home Affordable Program Servicer Performance Report Through September 2010


Nearly 500,000 Permanent Modifications Granted to Homeowners

Nearly 28,000 permanent modifications reported in September.

Homeowners in active permanent modifications realize a median monthly payment reduction of 36%, or more than $500 per month.

For homeowners in permanent modifications, their median first-lien housing expense falls from 45% of their monthly income to 31%.

Homeowners who do not complete the trial modification phase of HAMP are likely to find an alternative solution such as a proprietary modification or a short sale. Fewer than 16% have gone to foreclosure.
Posted in http://www.financialstability.gov/

Do you need some assistance with your loan modification?  Have you been denied? We have a 95% success rate contact us now!

For a free loan modification consultation go to http://www.jdssaysyes.com/

Foreclosure Probe Widened!

JPMorgan Chase has expanded its review of foreclosure documents to all 50 states, up from the original 23 states with judicial oversight of foreclosures, according to reports at CNN-Money.com and the Wall Street Journal. Chase had no comment Monday.  Chase has asked the judges in the 23 states to delay issuing judgments until it finishes the audits.  None of the homes may be sold until after a court ruling.
Chase, GMAC Mortgage and Bank of America stopped foreclosure cases after judges in Florida and elsewhere started tossing out foreclosures because of disclosures that employees of mortgage servicers had signed hundred of affidavits each day without reviewing the foreclosure documents.  Attorneys general in several states, including Illinois, have said they are investigating bank procedures.
(Posted today in Chicago Sun-Times)
Have you been denied a loan modification? Call us or refer to our website. Let us help!  We'll discuss your situation and explain which modfication fits your situation.

For a free loan modification consultation go to http://www.jdssaysyes.com/

Never Pay Loan Modification Companies Fees Upfront!

Speaking with quite a few individuals who have recently called JDS Loan Modification Center advised us that have been burned by other companies who made them pay money upfront before they could work on their loan modification. If there is one thing we agreed upon when we met with Lisa Madigan is not to charge any upfront fees! Our fees are only invoiced once your modification has been approved and you received your package from your lender!
When it comes to saving your home from foreclosure and you are inquiring on some outside help for some assistance always ask questions. There should never be an upfront cost or any credit checks  because you are not refinancing!  Loan Modifications will lower your interest rate which lower your monthly  payment! They stop foreclosure and post pone your sale date!
Call us to discuss your situation. We'll explain which modification fits you. We will analyze all of your financials and package your deal for your lender! We will let you know what you may qualify for and project savings amounts, we will work with your lender weekly. Once approved for your modifcation you'll receive a package from your lender which we'll help complete and stay involved until you receive your final package.
Contact us now for a free modification consultation or go to our website http://www.jdssaysyes.com/

Foreclosure-Prevention Programs for the Unemployed

JDS has been working on loan modifications with loan institutions for a couple of years now with a 95% success rate in saving homeowners their homes from foreclosure! Have you been working on your own loan modification and getting FED UP and ready to GIVE UP due to the mortgage institutions losing your paperwork and denying you due to the lost paper work!  Don't give up!  We will and can help! 
Have you been experiencing a problem with the banks not wanting to accept unemployment for an income to proceed with the loan modifications? We have too! So we try to stay current with what the govenment is working on which right now is their support for the targeted unemployed homeowners struggling with foreclosure so please read:
 
WASHINGTON – The Obama Administration today announced additional support to help homeowners struggling with unemployment through two targeted foreclosure-prevention programs. Through the existing Housing Finance Agency (HFA) Innovation Fund for the Hardest Hit Housing Markets (the Hardest Hit Fund), the U.S. Department of the Treasury will make $2 billion of additional assistance available for HFA programs for homeowners struggling to make their mortgage payments due to unemployment. Additionally, the U.S. Department of Housing and Urban Development (HUD) will soon launch a complementary $1 billion Emergency Homeowners Loan Program to provide assistance – for up to 24 months – to homeowners who are at risk of foreclosure and have experienced a substantial reduction in income due to involuntary unemployment, underemployment, or a medical condition.
Read more on posted site listed...
Posted:  http://www.markinghomeaffordable.gov/.
For a free loan modification consultation go to http://www.jdssaysyes.com/

Mortgage Loan Mods, Refi, Credit Cards out of Control, Need a Short Sale?

Is your debt out of control? Are you facing foreclosure? Afraid of losing your home?  Don't just walk away from your home! You need to learn about the details of a short sale and how it will help you!  It's a free consultation and there are no upfront fees!
JDS Financial can work with you to modify your mortgage, your credit cards, your entire debt structure! JDS wants to help you to keep your most valuable asset..your home.  We are a team of professionals who are there for you because you deserve a second chance. Call JDS at (630)-529-1700 today! 

For a free loan modification consultation go to http://www.jdssaysyes.com/

Bad Credit? Mortgage Refinance?

You have bad credit and you know you cannot refinance to reduce that interest rate! 

Have you considered a Loan Modification?
Yes a Loan Modification can help you!  

A loan modification will lower your interest rate for the length of the loan.

Even if you have fallen behind in your mortgage payments a loan modification will help stop foreclosure.

There are government regulations the lenders have to follow to participate in with the loan modifications process.  

If you have any of the following  hardships you can qualify:

•   Bad credit - there are no credit checks.
•   You or another provider in your household lost your job or
    have fallen ill.  
•   You are over extended with your credit cards.
•   Your property taxes increased. 
•   Your cash reserves have become insufficient to maintain
    your mortgage and other living expenses.

We understand that situations in all of our lives have probably changed over the past couple of years. Please pick up the phone and call us now at 847-285-1461.
We are successfully modifying loans like yours everyday. Our professionals will pre-qualify you in 10 minutes over the phone and there are no upfront fees until you are modified!!

For a free loan modification consultation go to http://www.jdssaysyes.com/

Refinance Home Loans?

Have you considered refinancing your home but your credit score isn't what it used to be. You are upside down with the value of your home and it is becoming a struggle for you to make those monthly payments. Let us help give you some peace of mind. There is no need to refinance with Obama Making Home Affordable Program(HAMP). A Loan Modification can save you money. It will lower your Monthly Payments by lowering the interest rate for the term of your loan. It can stop the foreclosure process and postpone the sale date. We have saved many homeowners substantial amounts of money, from $200 to $1800 a month with their mortgage payments. We have no upfront fees and all it takes is a 10 minute phone call to pre-qualify. Visit our website and look for us on Facebook.
For a free loan modification consultation go to http://www.jdssaysyes.com

Loan Modifications and Credit Card Debt.

Some times it's kind of difficult trying to obtain a home loan modification on your own as many financial lenders are not cooperative at all. Every time you call they give you the same message repeatedly "your modification is still in the process and it is waiting for the underwriters decision." Or this was my favorite "we are missing some documents." You have already sent them and they misplaced them and you will need to submit again and again. We are a team of professional in the real estate, banking and credit card restoration business. Contact us to qualify for a loan modification, refinance or credit card restoration. Let us educate you on all your options!
For a free loan modification and credit card resolution consultation go to http://www.jdssaysyes.com

Chapter 13 Bankruptcy? Credit card debt? Avoid Foreclosure!

We understand times are tough right now with the economy being the way it is. Many of us are still without a job or are without a steady income. Are you facing financial burdens? Are you or anyone you know struggling to make your mortgage payments? Are you over extended with your credit cards? Is it getting more difficult to handle the monthly payments? You can avoid Chapter 13 and avoid foreclosure contact us now so we can help. There are options for you to take. We are here to answer all your questions. No upfront fees, credit card checks, and no need to refinance!
For a free loan modification consultation go to http://www.jdssaysyes.com

Loan Modifications Make Your Home Affordable

Avoid Foreclosure! President Barack Obama's (HAMP) Home Affordable Modification Program is to help up to 9 million people keep their homes from going into foreclosure. Are you one of the thousands not taking advantage of this program? You are not alone if you are feeling the pain from this economy and need some relief with your mortgage payments. A Loan Modification is a permanent change in one or more of the terms of a borrower's loan, it allows the loan to be reinstated, and results in a payment the borrower can afford. We can assist you, just one phone call to find out what your payment reduction could potentially be. No Credit Checks or Upfront fees. Call us now to qualify!

For a free loan modification consultation go to http://www.jdssaysyes.com

Loan Modification Questions

Frequently Asked Questions

Question: In Utilizing the Loan Modification option to bring an asset current, can the mortgagee include all fees and corporate advances?

Answer: Mortgagee Letter 2008-21 states in part: Legal fees and related foreclosure costs for work actually completed and applicable to the current default episode may be capitalized into the modified principal balance.

Question: Can a mortgagee inlude late charges in the Loan Modification?

Answer: Mortgagee Letter 2008-21 states that accrued late charges should be waived by the mortgagee at the time of the Loan Modification.

Post: Homes & Communities US Department of Housing and Urban Development.

For a free loan modification consultation go to http://www.jdssaysyes.com

The Feds protect Foreclosure Victims

Good news has been announced by The American Residential Law Group - new protection rules coming from the federal government for those who are facing foreclosure. Changes have been brought about to HAMP that will be more effective in delivering the goods - preventing eviction and foreclosures. This new kind of protection plan has been initiated by Washington for foreclosure victims. The new plan envisages protection so as to remove confusion and feeling of frustration that homeowners are facing while hunting for financial relief. Some of these home owners have been able to get some help through the HAMP plan. To battle this tendency new practices have been mandated by the federal government with which the lenders would have to comply. The lenders are now expected to complete screening of the homeowners who are at risk from foreclosure to find out if they qualify for the loan modification.
The lenders are now prohibited from foreclosing on any homeowner until the eligibility test has been completed.
Posted in Foreclosure Victims. June 1st, 2010
It takes JDS Loan Modification Center just a few minutes to find out if you qualify for a loan mod. Call us at 630-529-1700

For a free loan modification consultation go to http://www.jdssaysyes.com

Stop Foreclosure

Obama's Making Home Affordable Program (HAMP)is quite a success for more than 950,000homeowners who have had a median payment reduction exceeding $500 according to the Treasury Department. JDS can help stop your foreclosure! In fact if you are facing any financial burdens and need to lower your monthly mortgage payments all it takes is a phone call. If you have 10 minutes to spare for a little peace of mind call now at 630-529-1700. Just ask for a processor to get pre-qualified, or go to our website to learn more. Visit us on Facebook and follow us on Twitter!
For a free loan modification consultation go to http://www.jdssaysyes.com

How to stop foreclosure and save your home!

Stop Foreclosure and save your home! Do you need help in stopping foreclosure? Have you considered a Loan Modification? We have a 95% success rate in processing Loan Modifications. According to the US Treasury Dept. there are nearly 950,000 homeowners currently in trial or permanent loan modfications and have seen a median reduction of $500 a month in their mortagage payments. In the month of January alone 50K homeowners were approved for permanent loan modifications. We can help! Contact us now to see if you qualify! No upfront fees or credit checks!
For a free loan modification consultation go to http://www.jdssaysyes.com

JDS Loan Modifications

From one homeowner to another who faced foreclosure. All I needed was a little help and JDS saved me $400 a month on my mortgage payment.  I had already been denied once before after I lost my job......Mary C.

Don't lose your home! There is help out there!
Are you Delinquent with your mortgage payments? Two months? Four months? Eight months?
Facing foreclosure?
There are No credit checks or upfront fees!
No need to refinance!
Let JDS assist you in lowering your interest through Obama's Making Home Affordable Program.
Were you denied? Don't give up!
We have a 95% success rate!

Contact us now or come in and meet us.
For a free loan modification consultation go to http://www.jdssaysyes.com/

JDS Loan Modifications

Good credit / bad credit is not an issue.
No upfront fees.
Just a 10 minute phone call to see if you qualify for a loan modification!
Michael from Bloomingdale, "JDS just saved me $1600 a month on my mortgage payment!"
Do not hesitate contact us today!
Phone now 630-529-1700 or 847-285-1461

For a free loan modification consultation go to http://www.jdssaysyes.com/