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/