National Mortgage Servicing Settlement includes $20 Billion

Update National Mortgage Servicing Settlement

 We wanted to issue an update within the next week on the National Mortgage Settlement specifically within that agreement the Servicing Settlement.  My reason for updating you on the modification guidelines if you did not read click here:  MODIFICATION is because even IF you are unemployed you maybe able to receive help thanks to this settlement.

DISCLAIMER:

We do not work for the government or with the government we are a for profit agency providing foreclosure prevention and home retention services with the goal of principal loan reduction and or loan payment reduction.  We make this disclaimer because homeowners call or ask if we can include them in the pay-out.   In addition, if we have funds to help them for late mortgage payments.  We are informing you of options with our company our FREE help that can keep your home.  We attempt to stay update and inform you of any deadlines and relief efforts and make sure you do not become a victim of foreclosure fraud with all the foreclosure scams. 

SERVICING CATEGORIES FOR SETTLEMENT:

The total breakdown are in categories of Principal Reduction with a $10 Billion settlement, $3 Billion for refinancing, and $7 Billion for other forms of relieve which we will discuss. In addition, are funds for military.

PRINCIPAL REDUCTION:

The Principal Reduction are for those delinquent or in danger of being delinquent and owe more than their homes current market value.  The Servicing Settlement allots $10 Billion for relief to borrowers.

REFINANCING:

Refinancing allots require eligibility via basic needs that will lower the loan interest rate and intern lower mortgage payment amounts. This is great for those in adjustable rate mortgage to help lower there home loan. Settlement agreement for this program are $3 Billion.

OTHER FORMS ASSISTANCE:

Other forms category includes help for homeowners needing transitional assistance to walk away, benefits for service members active and inactive (service member benefits are well deserved and complete details will be discussed in another article settlement is over $5 billion), additional service benefits are for those away from home experiencing Hostile Fire and Imminent Danger Pay. Other forms also includes assistance for forbearance of principal for unemployed homeowners, and anti-blight programs and is allotted $7 Billion.

The lenders that are inclusive in this Servicing Settlement which is part of the National Mortgage Settlement are:

• Alley Financial
• Citigroup, Inc
• J. P. Morgan Chase and Company
• Wells Fargo and Company
• Bank of America Corp. Including EDNY FHA Settlement

What does this mean? It means even though you may have been denied a loan modification there could now be a program to assist you if you have one of the lenders below.

Helping Families LLC   Home Retention Foreclosure Prevention Team!  Read more about the settlement by clicking on SETTLEMENT.

Loan Modification

LOAN MODIFICATION:

Home loan modification guidelines vary from lender to lender and within one lending institution there can be a variety of mortgage pre foreclosure options that determine which Loan Modification program you are eligible for.  

LOAN MODIFICATION PROGRAM APPROVAL: 

Home loan modification pre-approval can be preliminary base on questions that determine which type of program you are eligible for.  Final approvals for foreclosure prevention help in the form of a loan modification is determined by a few factors such as:

• Monthly Income
• Hardship
• Affordability of Home at Current Income
• Is hardship issue temporary or permanent

Mortgage help varies an if you were denied there maybe additional programs (loan modification updated guidelines). 

Options for loan modification are one area our specialist are accustomed to resolving successfully.  Loan modification for foreclosure prevention help are free with your lender and should be your 1st option.    We have assisted homeowners with loan modifications for 4 years and the owner have 7 years of experience.

 Sometimes there's one minor omission that needs corrected for submission.  Call your lender and ask them to specifically explain what you need to complete your file, if denied ask if you can resubmit your file.   It can take several months and minor things may need updated (no actual omissions).  If it takes 3 months before completion (usually it does) updated financials could be a reason for denial. 

If you have a denial and the lender refuses to help our Foreclosure Prevention Specialist will be more than happy to assist you.  You can submit a request confidentially and safe at the link: pre-foreclosure Helping Families LLC.

Can Mortgage Loans Be Written Off?

CAN HOME LOANS BE WRITTEN OFF

The question we have been asked in the industry is can Mortgage Loans be written off and what does that mean?

Have you stopped receiving calls from the lender? Are you receiving calls from a different lender? Did you receive a notice from a management company? Chances are your current lender/servicer has changed and/or changed the company that handles your loan.

If you receive a letter or do a credit pull and your past lender/servicer (which you think is still the servicer/lender) information on file says "CHARGED OFF" that means your loan amount has been transferred. So what NOW???

Do you have to pay? Who do you pay? Don't know who the lender is? We are responding to questions we have received in the office numerous times so I hope this helps.

•   Do you have to pay?   The debt is still valid so yes, BUT sometimes the amount and or  
•   payment  is reduced.

•  Who  you pay is usually provided from the past lender.  Normally, they will inform you of
• the  transfer, the new lender name and address, after this the new servicing company/lender usually contacts via phone, e-mail, or visit to home to inform you to contact them regarding the loan. 

*** IF you have been denied a modification REMEMBER your loan has been "Charged Off" despite your frustrations this time the new servicer maybe willing to modify the payment terms so this may be GREAT NEWS!  Take the time to send in ALL requested information****

For those who have no idea who the lender is and they have not made contact SAVE YOUR CASH.   Some benefits of a "Charged Off"  Mortgage sometimes you are allowed a discounted loan reduction for numerous reasons  or a reinstatement fee and a loan amount that you can afford.

 I will not give guidelines since there are multiple and specific to the individual's that now owns the loan.   There ARE NO STANDARD cookie cutter solutions.  Due to numerous funding guidelines within the banking industry and other things behind the scene 10 different accounts with the same lender could  offer 6-8 totally different options to keep you in your home.  

For foreclosure prevention help and possible loan reduction contact us at 888-879-3207 or locally at 904-437-4819.

 

Have a Happy Safe Memorial Day. 

 

Countrywide Financial Corporation Settlement $335M

COUNTRYWIDE FINANCIAL CORPORATION SETTLEMENT

Countrywide Financial Corporation Settlement is in response to United States vs Countrywide Financial Corporation discrimination settlement being handled by Rust Consulting Inc. payment amount is $335 Million this is NOT the same or including the billion dollar settlement.

BE AWARE!!! Some homeowners are being contacted requesting money for participation in the settlement!!!

The settlement is a U.S. District Court of Central California approved settlement being handled by the administrator Rust Consulting as the contact and distributor of compensation payments to homeowners. Rust Consulting activities are governed by the Department of Justice. This ONLY addresses Department of Justice December 2011, $335 Million settlement and is NOT affiliated with any other settlement including Well's Fargo Lending discrimination settlement.

ALLEGATIONS

Allegations are Countrywide Financial Corporation and its subsidiaries practiced discrimination to over 200,000 Hispanic and African American borrowers across the country who received loans 2004-2008. In addition, discrimination case is based on the basis encouragement of non-applicant spouses. Countrywide Financial Corporation and it's subsidiaries encouraged signing away of rights to joint applicants applying for loans.

HOW TO APPLY/DEADLINE

Victims were identified (we do not have the criteria for how this process was initiated or determined) and letters began being sent on November 16, 2012 to those whom the United States identified as entitled.

March 29, 2013 is the DEADLINE to have all letters signed and response forms completed and mailed.

COMPENSATION

Mid 2013 the exact payment amount will be released.

Please note: MAILING HAS BEGAN FOR "ELIGIBLE HOMEOWNERS" from the Paying Agent Rusting Consulting Inc. The notice will read: "You are eligible for compensation pursuant to orders issued by Federal Banking Regulation". This is a small perforated edge card KEEP IT! If you want additional information click COUNTRYWIDE SETTLEMENT.

You can also CALL 1-888-952-9105 assistance is available in over 200 languages.

FORECLOSURE HELP

If you need help to save your home CLICK: WE HELP FAMILIES for Nationwide Help or call 888-879-3207.

IF you have not attempted a modification call your lender programs change regularly. Our consultants are waiting to help you ALWAYS confidential call or opt-in form consult.

Always home retention solutions to save your home and keep you in it! CALL 888-879-3207 or fill out this quick form click FORECLOSURE HELP. We are waiting to hear from you Nationwide!

$35 Million Payout Florida Based Lender Processing DocX

$35 Million Payout Florida Based Lender Processing DocX

A $35 Million payout in Florida based LPS Lender Processing Services Inc. subsidiary DocX LLC has been agreed upon. DocX the subsidiary of LPS is a publicly traded Mortgage Servicing Company located in Jacksonville, Florida. LPS subsidiary DocX has agreed to pay $35 Million in criminal penalties and forfeiture in a six-year scheme to prepare and file more than 1 million fraudelently signed and notarized mortgage related documents with the property recorder's office. DocX LLC Lorraine Brown former CEO plead guilty to the leadership role in the conspiracy to commit mail fraud and wire fraud.

Docx LLC documents included mortgage assignments, lost note affidavits, lost assignment affidavits were later relied upon in court, property foreclosures, and Federal bankruptcy actions to ready more visit JACKSONVILLE DIVISION . The discovery of this disposition of DocX LLC as well as the other multi-billion dollar settlement is part of the efforts and implementation from our Chief and Commander President Obama Financial Fraud Enforcement Task Force (FEETF). FEETF was established to wage an aggressive proactive effort to investigate and prosecute fraud crimes for consumers. This is CHANGE that will help prevent issues not only now, but in the future and at the least provide a form of protection to current and future homeowners. Knowing there is a task force that will investigate your case is a sigh of relief for us after observing many homeowner victims that were not aware of the type of loan the entered into and were denied assistance to keep their home.

LPS REMEDY:
LPS has taken a number of actions to address misconduct of DocX including re-executing and re-file documents, firing Brown and others related conspiracy. LPS has obtained a independent consultant to review and report practices, legal compliance, and to establish a plan for reimbursing any financial injuries to mortgage servicing companies or borrowers. Look for updates of the process on compensation that maybe due to borrowers when available.

STOP FRAUD INITIATIVE:
Federal, State, and local authorities are involved with EEFTE to resolve financial crimes. Over 10,000 financial fraud claims against 15,000 defendants (2,900 mortgage fraud defendants) have been filed with the Justice Department. Do you need to file a claim or find out more about the FEETF? To find out more about President Obama's Fraud Enforcement Force go to FRAUD to address credit card, mortgage, and identify theft issues and to learn how to protection yourself visit FRAUD NOW!

FORECLOSURE HELP:

For foreclosure help No Obligation No cost options that could lower your loan amount go to: FORECLOSURE HELP

To sale a home you can't afford or get a Seller Financed Note Quote go to FREE NOTE QUOTE.

UPDATE PRE-FORECLOSURE OPTIONS & LEAN GREEN SAVING and MORE

PRE-FORECLOSURE LEAN GREEN AND SAVINGS SOLUTIONS

We could not decide on an appropriate title to discuss options for the sub topic which is actually related to income tax check returns and it's uses. Since we believe it is not the best option to use your tax return money (If it will take ALL of your refund) to restore your loan we wanted to provide some additional options that may help not just one time, but the entire year.

We have spoken with a few homeowners behind in payments that choose to either catch up payments with their income tax check and/or get repairs completed when payments are several months behind. While we admire your attempt to save your home is this REALLY the BEST solution?

If you need to spend your tax return for either back payments or extensive repairs which we consider $2000+ you should seek other options. If you encounter additional unexpected expenses during the year then what? We are addressing the issue because we have seen the same thing happen and 6 months or less the homeowner is behind again due to uncontrollable situations, but the fact is you can't afford the home at the current terms of the loan OR you need to cut expenses OR make additional income. We are NOT suggesting you walk away from your home or sale it, but you should not be ashamed if difficulty making payments. Currently, the cost of living has increased, but the income of those employed did not keep up with the current demands (meaning insurance, food, supplies have all shown increase). We want to suggest alternative(s) for pre-foreclosure green savings that may help make your home affordable, increase your income, or cut costs of monthly required expenses.

Consider the following options***

HOME RETENTION:

Repayment plan with the lender

Modification (IF YOU have not tried)

NOTE If it has been 3+ Months since you requested your loan evaluation guidelines and programs may have changed CALL


All of the above are DIY (Do It Yourself Options)

PLEASE DO NOT hire an attorney we have seen so many people be taken for $1500-$4500.00 for modifications and never have the loan modified.

Lastly, ONLY if all else fails and the modification terms would still cause you to fall behind in payments of your home loan a pre-foreclosure option could be a principal loan reduction. If you owe 20% more than current market value and qualify (with lender approval) meaning experienced a TRUE hardship you maybe eligible. Complete the form for No Cost Analysis at FORECLOSURE HELP

We offer a free initial consult for direction and help CALL 888-879-3207. We provide Nationwide Pre-Foreclosure Prevention Solutions with focus on home retention.




WAYS TO SAVE MONEY:

Maybe paying off a smaller balance loan (credit card) that may free up $25-$50 a month

Behind in Electrical Payments Seek help call 211 (United Way) or click HELP 211 for Assistance to find out programs available and guidelines.

Find out if there are any neighborhood re-vitalization projects that could provide free help with energy efficient upgrades, roof repair, and much more. (Try City/Major Office in your State. HUD

Many Churches have food giveaways that help stretch the dollar such as fruit, bread, pastries, and sometimes non-perishable items.

Car pool when possible

Park the car ride the bus if it's a short distance (you could catch up on reading, meditating, or relax from not having to fight traffic)

Clip coupons

Start a Blog and/or Youtube Channel and Monetize it (This may bring in $25-50+ a month)

Sale old clothes have a yard sale

Sale old clothes and items via use of a consignment shop some pay cash on the spot such as Platos closet Call for details or location the one in your area.

Sale your broken gold and silver you could have a few hundred dollars coming!

Make your own hair shampoo (everything you need is in the kitchen your hair will love you!)

Make your own conditioner (if you are a naturalist and mixtress this is a walk in the park)

Sale your old books, cd's and more!

Do your crochet or make other crafts go to etsy.com and post your items for sale.

Get paid for referrals that convert! Help a friend Stop Foreclosure - Know co-workers, family, friends that seller finance homes. Contact us for more information on lead generation compensation on all paid services that we complete or e-mail ways2save@helpingfamiliesllc.com


Do you have a talent, hobby, or knowledge to share you could get paid. There are many solutions to making a little extra money thanks to this information age craze and accessibility.

Don't have the internet go to the library and post for free.

These are some of the ways you can make extra money or save money. The key is BUDGET see what you really need and calculate for unexpected expenses.

I hope this helps we may create a blog on SAVINGS if we receive enough responses. When you save or implement a few ideas for an extra $50-$100 for gas or food it helps. Depending on the service you request we provider different ways to save that usually result in savings this is just a sample of some options that save and/or earn $100.00 a month for most client's.

For foreclosure prevention it's more than helping save your home it's helping cut cost to remain in the home while you rebuild, reposition, and began a fresh start. It's what we call our Lean Green Plan to Stop Foreclosure and Maintain Your Home!

Note we are not attorneys, chemist, mixtress, these are options that were implemented and have worked. Everyone is NOT the same, always test even all natural options to make certain they are compatible for you. Likewise, Pre-Foreclosure options are different for each lender and within the lender each loan can be different. Analysis is needed for EACH homeowner loan because it is NOT a cookie cutter solution. In an attempt to simply and explain 3 different homeowners with the same lender may have 3 different options. What one allows the other may not allow because the mortgage company usually is ONLY the debt servicing company and each loan they service have specific default guidelines that may or may NOT be the same.

Remember one thing get ALL Pre-Foreclosure Options IN WRITING do not enter into an agreement to pay WITHOUT having it in writing that is another post, but it can end in disaster.

We DO NOT receive compensation for any of the links listed above this is one way for our family to help yours.

Thank you for allowing us to serve you Helping Families Contact us by clicking: FORECLOSURE HELP!

Florida National Mortgage Settlement Claims

FLORIDA NATIONAL MORTGAGE SETTLEMENT CLAIMS

Due to numerous requests we are updating the information regarding Florida National Mortgage Settlement Claim Filing Deadline. The Mortgage settlement claim deadline was extended until January 18, 2013, but you may still be able to complete a claim form. According to information on the National Settlement your claim maybe accepted, but there is no guarantee. According to MORTGAGE SETTLEMENT website it is listed that the minimum compensation amount is $840.00. We say it can't hurt to try we understand the confusion of misunderstanding that ONLY those foreclosed on can apply but read the below information and check the website for details.

DIVORCED AND SEPARATED IN FLORIDA NATIONAL MORTGAGE SETTLEMENT

In case of divorce or settlement each person can submit a claim form,IF NOT only one check is submitted included the name of all borrowers on the loan. If two claims are filed with different addresses the funds will be split, but you must notify the mortgage settlement administrator about the divorce/settlement. Please read more at the link listed in the above paragraph under the term MORTGAGE SETTLEMENT.

ELIGIBILITY FLORIDA NATIONAL MORTGAGE SETTLEMENT

Categories for determination to submit a mortgage settlement claim are financial hardships, loan modification problems, and foreclosures in error. Some think it is foreclosure ONLY, however to verify the complete list of claim guidelines for the National Mortgage Settlement Claim see the link marked SETTLEMENT.

Again the lenders included on the website are:

Ally/GMAC
Bank of America
Citi
JPMorgan Chase

The phone number listed on the website for additional information is 1-866-430-8358.

FYI: If you are unsure of the foreclosure filing date go to your county website and documentation of the foreclosure filing date and papers will be on-line. We do not submit claim forms etc for homeowners and wish you the best in obtaining the compensation they deserve.

Helping Families LLC 888-879-3207