With President's Obama's plans for the homeowners facing foreclosure continuing to fall short, who can the home owners turn to for help?
When Republican presidential candidates were asked what their take is on helping homeowners they really don't have too much to say.
None of the candidates have made the foreclosure crisis a policy priority. Mostly, the candidates have argued that the housing market needs to heal on its own, without government interference.
Rick Santorum and Congressman Ron Paul have suggested tax breaks for some homeowners.
To read more on what the candidates opinions and are saying regarding the housing crisis please go to:
Posted http://www.propublica.org/article/what-do-the-republican-presidential-candidates-say-on-foreclosure-crisis-no
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Friday, March 2, 2012
Tuesday, December 27, 2011
Still waiting for Cleanup in Foreclosure Mess
I came across an article of from Marian Wang at Propublica I would like to share:
If last year [1] was the year in which faulty foreclosures and bank errors became a full-blown scandal, this has been the year of waiting for something to be done about it.
First, there's the still-to-come multi-state settlement over alleged fraud on the part of the country's five largest mortgage servicers. That's the settlement being brokered by a coalition of state attorneys general and once touted [2] as homeowners' best bet for redressing banks' flaws in foreclosure and mortgage documentation. Over the past year, one story after another declared such a deal was imminent, but the details -- the total price tag [3], the deal's framework, and the expected date -- have continually been changing.
Earlier this month, the Des Moines Register reported Iowa Attorney General Tom Miller -- a point man for the attorneys' general probe -- as saying that the final deal should be complete before Christmas [4] and would include a measure to reduce the total debt owed by underwater homeowners. No deal has yet been announced. Miller wouldn't disclose a dollar figure on the size of the settlement -- or whether California, one of the hardest-hit states, would participate.
Over the course of the year, some state attorneys general seemed to lose faith in the coordinated effort, voicing concerns that the eventual settlement would be too easy on the banks.
California Attorney General Kamala Harris signaled her hesitation too [5], as did the attorneys general of New York [6], Delaware, Nevada, Massachusetts [7], Kentucky [8] and Minnesota [9]. These state attorneys general -- many of whom have filed their own suits against major servicers [10], foreclosure processing firms [11], and other players [12] -- questioned whether the settlement would limit their ability to take more aggressive action against foreclosure abuses in their states and either expressed doubts about whether they'd sign on to the final settlement or pulled out of the talks altogether.
Banks, meanwhile, have pushed for the settlement to include broader releases from legal liability over mortgage-related abuses. According to a recent Wall Street Journal piece, they've tried to make their participation in the settlement contingent on being shielded [13] from the possibility of lawsuits brought by the new Consumer Financial Protection Bureau.
Read more see posted at: http://www.propublica.org/article/still-waiting-for-cleanup-in-foreclosure-mess
For a free loan modification consultation go to http://www.jdssaysyes.com
If last year [1] was the year in which faulty foreclosures and bank errors became a full-blown scandal, this has been the year of waiting for something to be done about it.
First, there's the still-to-come multi-state settlement over alleged fraud on the part of the country's five largest mortgage servicers. That's the settlement being brokered by a coalition of state attorneys general and once touted [2] as homeowners' best bet for redressing banks' flaws in foreclosure and mortgage documentation. Over the past year, one story after another declared such a deal was imminent, but the details -- the total price tag [3], the deal's framework, and the expected date -- have continually been changing.
Earlier this month, the Des Moines Register reported Iowa Attorney General Tom Miller -- a point man for the attorneys' general probe -- as saying that the final deal should be complete before Christmas [4] and would include a measure to reduce the total debt owed by underwater homeowners. No deal has yet been announced. Miller wouldn't disclose a dollar figure on the size of the settlement -- or whether California, one of the hardest-hit states, would participate.
Over the course of the year, some state attorneys general seemed to lose faith in the coordinated effort, voicing concerns that the eventual settlement would be too easy on the banks.
California Attorney General Kamala Harris signaled her hesitation too [5], as did the attorneys general of New York [6], Delaware, Nevada, Massachusetts [7], Kentucky [8] and Minnesota [9]. These state attorneys general -- many of whom have filed their own suits against major servicers [10], foreclosure processing firms [11], and other players [12] -- questioned whether the settlement would limit their ability to take more aggressive action against foreclosure abuses in their states and either expressed doubts about whether they'd sign on to the final settlement or pulled out of the talks altogether.
Banks, meanwhile, have pushed for the settlement to include broader releases from legal liability over mortgage-related abuses. According to a recent Wall Street Journal piece, they've tried to make their participation in the settlement contingent on being shielded [13] from the possibility of lawsuits brought by the new Consumer Financial Protection Bureau.
Read more see posted at: http://www.propublica.org/article/still-waiting-for-cleanup-in-foreclosure-mess
For a free loan modification consultation go to http://www.jdssaysyes.com
Tuesday, December 6, 2011
FHA Refinance for Borrowers with Negative Equity
FHA Short Refinance. If you are current on your mortgage, but owe more than your home is worth FHA Short refinance may be an option that your mortgage servicer will consider. FHA Short Refinancea was designed to help homeowners refinance into more affordable, more stable FHA-insured mortgage. If your current lender agrees to participate in this refinance, they will be required to reduce the amount you owe on your first mortgage to no more than 97.75% of your home's current value.
For Eligibility and Progam Availability see Posted below website.
Posted: http://www.makinghomeaffordable.gov/programs/lower-rates/Pages/short-refinance.aspx
For a free loan modification consultation go to http://www.jdssaysyes.com
For Eligibility and Progam Availability see Posted below website.
Posted: http://www.makinghomeaffordable.gov/programs/lower-rates/Pages/short-refinance.aspx
For a free loan modification consultation go to http://www.jdssaysyes.com
Wednesday, September 14, 2011
Save Your Home From Foreclosure! There is help out there!
From one homeowner to another who faced foreclosure there is help out there! All I needed was a little assistance 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!
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.
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Monday, August 1, 2011
Loan Modifications - The Government's Finally Penalizes the Banks
The Obama administration’s mortgage modification program is more than two years old. From the beginning, it’s been apparent that the participating banks and mortgage servicers were breaking the program’s rules [1]. The administration has long argued it has little power to do anything about it. But now, after millions of homeowners have been rejected [2], the government has decided it’s finally time to crack down.
On Thursday, the Treasury Department announced [3] it would be withholding government subsidies to the country’s three largest mortgage servicers, which are also among the U.S.’s largest banks: Bank of America [4], Wells Fargo [5], and JPMorgan Chase [6]. The banks won’t be getting more money until they show “substantial improvement.”
It’s important that the Treasury is acknowledging servicer noncompliance,” said Alys Cohen of the National Consumer Law Center, “but that’s been a problem for two years.” The action, while “better than nothing,” underscored the fact that many homeowners had been hurt during that time, she said.
Read more: http://www.propublica.org/article/govt-finally-penalizes-major-banks-for-mortgage-mod-failures
Making Home Affordable Program Reports: More than 730,000 Permanent Modifications have been started. The six-month rate of new trial modifications has consistently been about 30,000 per month for nearly a year, even as the overall population for eligible delinquent homeowners continues to decline. Homeowners who enter a trial modification now have a high likelihood of securing a permanent modification and realizing long-term success in the program. http://www.treasury.gov/initiatives/financial-stability
JDS will help just contact us now! No upfront fees!
For a free loan modification consultation go to http://www.jdssaysyes.com
On Thursday, the Treasury Department announced [3] it would be withholding government subsidies to the country’s three largest mortgage servicers, which are also among the U.S.’s largest banks: Bank of America [4], Wells Fargo [5], and JPMorgan Chase [6]. The banks won’t be getting more money until they show “substantial improvement.”
It’s important that the Treasury is acknowledging servicer noncompliance,” said Alys Cohen of the National Consumer Law Center, “but that’s been a problem for two years.” The action, while “better than nothing,” underscored the fact that many homeowners had been hurt during that time, she said.
Read more: http://www.propublica.org/article/govt-finally-penalizes-major-banks-for-mortgage-mod-failures
Making Home Affordable Program Reports: More than 730,000 Permanent Modifications have been started. The six-month rate of new trial modifications has consistently been about 30,000 per month for nearly a year, even as the overall population for eligible delinquent homeowners continues to decline. Homeowners who enter a trial modification now have a high likelihood of securing a permanent modification and realizing long-term success in the program. http://www.treasury.gov/initiatives/financial-stability
JDS will help just contact us now! No upfront fees!
For a free loan modification consultation go to http://www.jdssaysyes.com
Friday, June 10, 2011
Homeowners were forced to waive their rights to avoid foreclosure!
Homeowners beware of your rights and the fine print in your loan modifications! I was reading an article that I would like to share from a website I often visit:
ProPublica recently learned of several cases where mortgage servicers required homeowners to waive their right as part of an agreement to avoid foreclosure. In these cases, contracts provided by home mortgage servicers included clauses requiring borrowers to waive rights or state they had no defense to foreclosure. It is hard to tell how widespread this practice is. In some cases mortgage servicers insert ambiguously-worded clauses that could later limit a homeowner's defense to foreclosure. Here is just one of the many examples of the clauses that were found deep in the fine print:
* Borrower acknowledges that Lender is the holder and the owner of the Note and that as provided in the Note or as amended by this Agreement, the Lender may transfer the Note. The Lender or anyone who takes the Note by transfer and who is entitled to receive payments under the Note is called the "the Note Holder" in this agreement. from a Citi Modification -There are many more examples as Posted in http://www.propublica.org/ion/loan-modifications
For a free loan modification consultation go to http://www.jdssaysyes.com
ProPublica recently learned of several cases where mortgage servicers required homeowners to waive their right as part of an agreement to avoid foreclosure. In these cases, contracts provided by home mortgage servicers included clauses requiring borrowers to waive rights or state they had no defense to foreclosure. It is hard to tell how widespread this practice is. In some cases mortgage servicers insert ambiguously-worded clauses that could later limit a homeowner's defense to foreclosure. Here is just one of the many examples of the clauses that were found deep in the fine print:
* Borrower acknowledges that Lender is the holder and the owner of the Note and that as provided in the Note or as amended by this Agreement, the Lender may transfer the Note. The Lender or anyone who takes the Note by transfer and who is entitled to receive payments under the Note is called the "the Note Holder" in this agreement. from a Citi Modification -There are many more examples as Posted in http://www.propublica.org/ion/loan-modifications
For a free loan modification consultation go to http://www.jdssaysyes.com
Friday, May 13, 2011
Making Home Affordable's Permanent Modifications Perform Well Over Time
Larger Permanent Reductions Exhibit Stronger Performance
* Homeowners whose housing payment was cut by more than 50% through a HAMP permanent modification performed significantly better that those with a payment reductions of 20% or less. After one year, fewer that 12% of borrowers with a payment reduction greater that 50% were 60+ days delinquent.
* At 12 months, more that 84% of homeowners remain in HAMP permanent modifications. The remaining 16% have been disqualified from the program for missing three consecutive payments.
* HAMP permanent modifications continue to be sustained at better rates than industry modifications.
More than 1.5 million homeowners have entered trial modifications since program inception. These results are stated in HAMP Program Performance Report Through March 2011. Posted: www.makinghomeaffordable.gov/news/latest/Pages/Obama-Administration-Releases-April-Housing-Scorecard.aspx
You want to be a part of this program but are not sure if you qualify contact us now!
For a free loan modification consultation go to http://www.jdssaysyes.com
* Homeowners whose housing payment was cut by more than 50% through a HAMP permanent modification performed significantly better that those with a payment reductions of 20% or less. After one year, fewer that 12% of borrowers with a payment reduction greater that 50% were 60+ days delinquent.
* At 12 months, more that 84% of homeowners remain in HAMP permanent modifications. The remaining 16% have been disqualified from the program for missing three consecutive payments.
* HAMP permanent modifications continue to be sustained at better rates than industry modifications.
More than 1.5 million homeowners have entered trial modifications since program inception. These results are stated in HAMP Program Performance Report Through March 2011. Posted: www.makinghomeaffordable.gov/news/latest/Pages/Obama-Administration-Releases-April-Housing-Scorecard.aspx
You want to be a part of this program but are not sure if you qualify contact us now!
For a free loan modification consultation go to http://www.jdssaysyes.com
Monday, March 28, 2011
Making Home Affordable - January HAMP Servicer Performance Report
Making Home Affordable Program Update
Report Highlights More Than 600,000 Permanent Modifications Started
•Homeowners in permanent modifications realize real savings, with aggregate reductions in monthly mortgage payments estimated to total nearly $5.0 billion, program to date. Homeowners in active permanent modifications realize median monthly savings of more than $527, or 37% of the median before-modification monthly payment.
•New permanent modifications have averaged nearly 29,000 per month for the last six months. New trial modifications have averaged 27,000 per month over the same period.
•Nearly 1.5 million homeowners have entered trial modifications since program inception.
New This Month: Post-6/1 Conversion Rates
•Most servicers significantly improved conversion rates upon accepting verified income documentation from homeowners.
•Servicers average a 61% conversion rate for all eligible trials started with verified documentation on or after June 1, 2010. As servicers continue to convert their eligible trial modifications, the conversion rates will increase. For trial modifications that started in June 2010, 73% of them have converted through January 2011. For trial modifications begun before June 1, 2011 the conversion rate averages 41%.
Posted: http://www.treasury.gov/initiatives/financial-stability/results/MHA-Reports
For a free loan modification consultation go to http://www.jdssaysyes.com/
Report Highlights More Than 600,000 Permanent Modifications Started
•Homeowners in permanent modifications realize real savings, with aggregate reductions in monthly mortgage payments estimated to total nearly $5.0 billion, program to date. Homeowners in active permanent modifications realize median monthly savings of more than $527, or 37% of the median before-modification monthly payment.
•New permanent modifications have averaged nearly 29,000 per month for the last six months. New trial modifications have averaged 27,000 per month over the same period.
•Nearly 1.5 million homeowners have entered trial modifications since program inception.
New This Month: Post-6/1 Conversion Rates
•Most servicers significantly improved conversion rates upon accepting verified income documentation from homeowners.
•Servicers average a 61% conversion rate for all eligible trials started with verified documentation on or after June 1, 2010. As servicers continue to convert their eligible trial modifications, the conversion rates will increase. For trial modifications that started in June 2010, 73% of them have converted through January 2011. For trial modifications begun before June 1, 2011 the conversion rate averages 41%.
Posted: http://www.treasury.gov/initiatives/financial-stability/results/MHA-Reports
For a free loan modification consultation go to http://www.jdssaysyes.com/
Monday, February 21, 2011
UPDATE 1-U.S. close to punishing banks over foreclosures
Washington, Feb16, 2011 (Reuters) - US bank regualtors are finalizing punishments against mortgage servicers after a probe found "critical deficiencies" with the industry's foreclosure processes. John Walsh, acting head of the Office of the Comptroller of the Currency, said a national probe of foreclosure paperwork and procedures found that mortgage servicers broke laws, and that a small number of homeowners were wrongly evicted. "These deficiencies have resulted in violations of state and local foreclosure laws, regulations, or rules and have had a adverse affect on the function of the mortgage markets and the US economy as a whole." Walsh did not identify any servicers but his testimony noted that the probe included Bank of America, Citibank, JPMorgan and Wells Fargo, among others. In a separate testimony David Stevens, the commissioner of the FHA saide the penalties could range from fines paid to the govenment to loan modifications to banks forgiving some of the principal balance on the loan. "There are a variety of discussions. There are different views," Stevens told lawmakers on the House Financial Services Subcommittee on Insurance, House and Community Opportunity, noting that no final decisions have been made. Pressed on the timing of any announcement, Stevens replied: "I would say a month time frame is probably in the reasonable range if we are to reach some sort of conclusion."
To read more www.cnbc.com/id/41636144
For a free loan modification consultation go to http://www.jdssaysyes.com/
To read more www.cnbc.com/id/41636144
For a free loan modification consultation go to http://www.jdssaysyes.com/
Wednesday, January 5, 2011
Fannie and Freddie’s Regulator Opposes Reducing Mortgages for Struggling Homeowners
I was having a conversation with a colleague of mine asking who is the biggest problem when it comes to solving this mortgage crisis for homeowners. I was referred to an article found written by Karen Weise at ProPublica.org. It was an interesting read so I thought I would share some of it with you. Read on....
The Obama administration has been pushing for banks and investors to cut mortgage balances for homeowners who owe more than their home is worth. But the regulator for the biggest investors of them all -- the government-controlled Fannie Mae and Freddie Mac -- won't let the two do it.
The administration and some banks themselves have increasingly seen reducing the size of a borrower's loan -- what's known as principal reduction -- as an important tool for helping the quarter of all homeowners who are underwater on their mortgages. The Treasury Department told ProPublica that the imbalance between what borrowers owe and what their homes are worth is one of the "main causes" of homeowners defaulting on their loans.
The administration sees principal reduction as a win-win, keeping families in their homes and allowing owners of the mortgages to recoup more money than they would through foreclosures. The logic is that if homeowners owe closer to what their home is actually worth, it decreases the likelihood they will default on the loan even after its modified.
Fannie and Freddie would seem to be the perfect players to promote principal reduction to prevent foreclosures. They're under government control, and they own or guarantee about half of the country's mortgages, meaning they pay the loss if a homeowner defaults. Because of that dominance, they also set the tone for how companies manage, or "service" in industry parlance, delinquent loans.
Who owns seriously delinquent Mortgages?
Fred and Fannie 1,390,000
Private Investors 1,320,000
Banks 880,000
Other 810,000
Federal Housing Admin & Veterans Admin. 660,000
John Taylor, the head of the nonprofit National Community Reinvestment Coalition, says Fannie and Freddie could easily and quickly affect the overall housing market. "They have the greatest authority and portfolio to make an impact," said Taylor. There are tens of thousands of loans "they can take care of tomorrow," he said.
But data show that Fannie and Freddie don't reduce principal, even if it might save them money in the long term. The reason: Their regulator won't let them. (The regulator, the Federal Housing Finance Agency, declined to comment.)
As Posted in and to read more go to www.propublica.org/article/Fannie and Freddie's Regulator Opposes Reducing Mortgagees for Struggling Homeowners
So the bottom line is we need the FHFA to allow Fannie and Freddie to reduce the principal and join in some of these programs and to start communicating with our Congressional Republicans who have been particularly vocal in pressuring the FHFA against doing principal reduction! Stop fighting the Adminstration who are trying to help and start working for the struggling homeowners!
If you are in need for assistance with your loan modification or need some questions answered contact us.
For a free loan modification consultation go to http://www.jdssaysyes.com/
The Obama administration has been pushing for banks and investors to cut mortgage balances for homeowners who owe more than their home is worth. But the regulator for the biggest investors of them all -- the government-controlled Fannie Mae and Freddie Mac -- won't let the two do it.
The administration and some banks themselves have increasingly seen reducing the size of a borrower's loan -- what's known as principal reduction -- as an important tool for helping the quarter of all homeowners who are underwater on their mortgages. The Treasury Department told ProPublica that the imbalance between what borrowers owe and what their homes are worth is one of the "main causes" of homeowners defaulting on their loans.
The administration sees principal reduction as a win-win, keeping families in their homes and allowing owners of the mortgages to recoup more money than they would through foreclosures. The logic is that if homeowners owe closer to what their home is actually worth, it decreases the likelihood they will default on the loan even after its modified.
Fannie and Freddie would seem to be the perfect players to promote principal reduction to prevent foreclosures. They're under government control, and they own or guarantee about half of the country's mortgages, meaning they pay the loss if a homeowner defaults. Because of that dominance, they also set the tone for how companies manage, or "service" in industry parlance, delinquent loans.
Who owns seriously delinquent Mortgages?
Fred and Fannie 1,390,000
Private Investors 1,320,000
Banks 880,000
Other 810,000
Federal Housing Admin & Veterans Admin. 660,000
John Taylor, the head of the nonprofit National Community Reinvestment Coalition, says Fannie and Freddie could easily and quickly affect the overall housing market. "They have the greatest authority and portfolio to make an impact," said Taylor. There are tens of thousands of loans "they can take care of tomorrow," he said.
But data show that Fannie and Freddie don't reduce principal, even if it might save them money in the long term. The reason: Their regulator won't let them. (The regulator, the Federal Housing Finance Agency, declined to comment.)
As Posted in and to read more go to www.propublica.org/article/Fannie and Freddie's Regulator Opposes Reducing Mortgagees for Struggling Homeowners
So the bottom line is we need the FHFA to allow Fannie and Freddie to reduce the principal and join in some of these programs and to start communicating with our Congressional Republicans who have been particularly vocal in pressuring the FHFA against doing principal reduction! Stop fighting the Adminstration who are trying to help and start working for the struggling homeowners!
If you are in need for assistance with your loan modification or need some questions answered contact us.
For a free loan modification consultation go to http://www.jdssaysyes.com/
Tuesday, November 23, 2010
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/
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/
Tuesday, November 9, 2010
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!
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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!
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Tuesday, October 12, 2010
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.
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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/
Tuesday, September 14, 2010
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/
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/
Friday, September 3, 2010
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/
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/
Friday, August 13, 2010
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/
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/
Thursday, July 29, 2010
Bad Credit? Mortgage Refinance?
You have bad credit and you know you cannot refinance to reduce that interest rate!
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!!
Have you considered a Loan Modification?
Yes a Loan Modification can help you!
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 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/
Wednesday, July 21, 2010
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
For a free loan modification consultation go to http://www.jdssaysyes.com
Friday, July 9, 2010
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
For a free loan modification and credit card resolution consultation go to http://www.jdssaysyes.com
Thursday, July 1, 2010
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
For a free loan modification consultation go to http://www.jdssaysyes.com
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