Feed: Debt Negotiations Settlements St Louis: Loan Mods Caused Foreclosures - AggScore: 14.1

Debt Negotiations Settlements St Louis: Loan Mods Caused Foreclosures

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St Louis Mortgage and Real Estate News – St Louis Loan Reduction and Finance News: Loan Mods Led To Foreclosure Mess Say Mounting Lawsuits Home Mortgage and Commercial Financing | FREE Loan Audit (877) 334-0210 or (314) 334-0210 | Floyd Tapia Recently, Federal Treasury statistics showed that only about one-third of the nearly 1.4 million homeowners accepted into the government's payment reduction program over the past year have had their loan mods or loan reductions made permanent. Several federal lawsuits filed in Boston accuse major lenders of breach of contract under the government's Home Affordable Modification Program (HAMP), in which banks agreed to participate as part of the bank bailout. The lawsuits say the banks agreed under HAMP to grant permanent mortgage modifications to borrowers who make all payments during the initial trial modification periods. Attorney Shennan Alexandra Kavanagh said several of the plaintiffs lost their homes after their payments reverted to their original sums that they were unable to pay. She said she believes tens of thousands of borrowers in Massachusetts alone could be covered by the suits if they get class-action status. One of the lawsuits, against Bank of America Corp., was consolidated earlier this month with similar complaints in five other states, Kavanagh said. Bank of America spokeswoman Shirley Norton said in an e-mail that the lender will continue aggressively defending itself against the cases. Joseph R. Mason, a professor at Louisiana State University's business school who has written widely on the subprime lending debacle, said he suspects the loan modification disputes are a legacy of the federal government's rush to stem the flow of foreclosures before it had adequate plans in place. "These policymakers said, just go out and do this and don't let us worry about the details," he said. Mason goes on to say that "these details are now what are coming to the fore in these loan modification cases." ================================================== Attorney Network Services: Debt Settlements Debt Negotiations Debt Restructure Debt Relief Programs Student Loan Default Tax Liability Call Floyd Tapia at (877) 334-0210 or (314) 334-0210. Debt Settlement Services With No Up Front Fee! ================================================== ARE YOU UPSIDE DOWN ON YOUR HOME? ARE YOU FACING FORECLOSURE? What if you could substantially reduce your existing mortgage debt balance in as little as 90 days with one simple application or even get a reduced mortgage principal settlement due to common errors found in 85% of mortgages? (This legal information and data supplied by the FDIC) "18 Million PLUS Homeowners Are Upside Down On Their Home's Value Meaning They Owe MORE Than What Their House Is Actually Worth." - Get your lost equity back, reduce your mortgage balance and lower your payments. CONSUMER BEWARE: Don't get fooled by expensive computer audits or loan modifications which 90 percent(+) turn out to be scams or just don't work. Our services: NOT A LOAN MODIFICATION NOT A SHORT SALE SIMPLE APPLICATION CREDIT IS NOT AN ISSUE Did you know that lost notes, appraisal and mortgage fraud cause an estimated 95 percent of all mortgages to be legally problematic? Settle your note for pennies on the dollar and get your FREE loan audit today. Cut Through All The Misinformation And Find Out What Really Works. Retain Our Attorneys and Lending Professionals! My attorney network and lending specialists may help save your home or business and put a foreclosure stop on the process. A principal reduction can also help if you are underwater with negative equity compared to a loan modification. Watch These Shocking Mortgage Fraud Videos... [1] Call Now For Your FREE MORTGAGE FORENSIC AUDIT Call (866) 414-2937 Ext. 766 or (314) 334-0210 NOW! Floyd Tapia, L oan Compliance Consultant These services made available to you by: Liberty Lending Consultants Home Foreclosure Hero The Rigley Group Or you may visit our principal reduction and loan reduction website for your FREE loan audit and review [2] where you can fill out the quick application. ================================================== Business Owners: Ready to get started? Our commercial loan and principal reduction applications are quick and easy. And we have the largest portfolio of private lending institutions and investor backed funding sources available where bad credit is NOT a problem. Or, for more information, click the banner below: [3] First Step: Download Commercial Loan Application Here. [4] (Fax all loan, principal reduction or debt restructure applications and documnents to Floyd Tapia at:  (314) 432-5240) ================================================== Articles and News Sponsored by Liberty Lending Consultants When applying for any type of St Louis mortgage [5], call Liberty Lending Consultants, the recognized St Louis home loan [6] and refinancing experts, at (314) 336-9111 and ask for Steve Swan or Doug Stahlschmidt. For a FREE loan audit, visit one of the best Principal Reduction Loan Modification Programs. [7] My attorney network and lending specialists may help save your home or business and put a foreclosure stop on the process. A principal reduction can also help if you are underwater with negative equity compared to a loan mod. Don't wait any longer. You are not alone. Call Floyd Tapia and his professional team at (314) 334-0210 or (877) 334-0210 for a FREE consultation on Debt Settlements, Debt Negotiations, Debt Relief Programs and Debt Restructure. Bad credit is not a problem. Business Owners: As a commercial lending and principal reduction program consultant, my team can focus on bringing you innovative private lending solutions and if necessary can provide a FREE commercial or home mortgage loan audit to meet all types of financing needs. I have access to the largest portfolio of private lending institutions and investor backed funding sources available. Let me turn your challenges into closings and help you get a St Louis commercial lending or financing loan. [8] Sponsored by: [9] Check back daily for more financial news. Here is more information on loan mods and debt negotiations... [10] [1] http://www.stlouisrefinancinggroup.com/principal-reduction-video [2] http://www.stlouismortgagegroup.com [3] http://www.libertylendingconsultants.com/St-Louis-Commercial-Loans [4] http://www.stlouisrefinancinggroup.com/commercial-application.doc [5] http://www.libertylendingconsultants.com [6] http://www.stlouisrefinancinggroup.com/st-louis-mortgage-news/st-louis-home-loan-report-says-foreclosures-more-profitable-than-loan-modifications [7] http://www.libertylendingconsultants.com/Free-Loan-Audit [8] http://www.libertylendingconsultants.com/St-Louis-Commercial-Loans [9] http://www.libertylendingconsultants.com/St_Louis_Home_Loan [10] http://www.youtube.com/watch?v=m8Iia82B5BE