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Messer Law Group information‏

I'd like for you to know what sets us apart as it is a significant difference.

We are a law firm, therefore we are regulated by the Arizona State Bar (Steve Messer, attorney at law, license #019542). Our attorney would not be able to keep any money from the client should he be unable to perform.

Loan modification companies are popping up everywhere, and since this is a new service, it is largely unregulated. I've seen many of these companies charge the client anywhere from $800 to $3,500, and I've seen so many ways they scam them out of money. For example they will charge the client whatever their fee is, then call the client a month later letting them know the lender would not work with them and the fee is not refundable. Unless the client is getting legal representation, loan modification is either not possible, or the results are insignificant. This is because the only department in the bank a person can get in touch with and negotiate with, unless they are an attorney, is the loss mitigation department.

The loss mitigation department has no decision-making authority whatsoever. They are, in essence, bill collectors. Their job is to get as much money from the customers as possible. They are told how much they are allowed to offer borrowers should they be unable to get any money out of them. This offer is not to the borrower's benefit (ie: one of my clients with an ARM loan currently at 7.1% was offered a fixed rate of 7.4%). These "negotiating companies" basically ask borrowers to write a hardship letter, then they go to loss mitigation and play a game of "mother-may-I" and try to get this offer out of them.

They even tell the borrower they MUST be late on their payments before they will even work with them. This is because that is a loss mitigation requirement. Steve Messer goes straight to the bank's legal department and negotiates with their attorneys. He will create leverage in many different forms and basically force the bank to lower the borrower's terms significantly. Our clients do not have to be late in order to get this done.

Here is an overview of our process:

Who qualifies to get the terms on their mortgage reduced permanently?

· anyone who owes more than their home is worth
· who would like lower monthly payments
· has a high interest rate
· has an unfixed interest rate (Adjustable Rate Mortgage or Negative Amortization Loan)
· is unable to or forseeably may be unable to make their mortgage payments

*borrower does NOT have to be late on mortgage payments

According to Housing Bill 3221 which Congress passed in July, 2008, lenders MUST work with their customers to lower the terms of their mortgage, as well as give them up to 80% of the potential loss on their home. The banks are not complying or willing to lower their customers' terms by a significant amount unless they are forced to. We are here to enforce HR 3221.

Here is our aggressive and successful method to force the bank to follow the law and dramatically reduce monthly payments: 1) send the lender a Qualified Written Request and letter of representation

· this will notify the bank our client is now being represented by an attorney
· the bank is no longer allowed to contact our client (if they are behind on their payments, this stops the harassing bill collectors' phone calls)
· the bank is no longer allowed to contact the credit bureaus to report our clients late on their credit
· we can stop the bank from proceeding with the foreclosure process

2) We subpoena original loan documents and do a full forensic audit to search for
· federal violations, each of which is a mandatory minimum $2000 fine for the bank (90% of loans have an average of 10 or more violations)
· evidence of predatory lending (there are currently thousands of class action lawsuits against
lenders for this)
· human error/mathematical errors
*we also use other forms of leverage such as the law and hardship

3) We demand a low, fixed interest rate and principle reduction.


The results are on a case-by-case basis. Here is what we TYPICALLY get:

- first mortgage: fixed interest rate between 4-5% for the remainder of the loan
- second mortgage: $.5-$.10 on the dollar payoff OR if client does not have the funds available, a 1-2% interest rate for the remainder of the loan

We guarantee our clients they will SAVE A MINIMUM OF 5 TIMES OUR FEE or we will give you a FULL refund. Please forward this information to anyone you know who may be in risk of losing their home. This would truly be a blessing for them.

For anyone who is not in risk of foreclosure, but is simply upside down on their mortgage, it is a great opportunity that won't be around forever.

Sincerely,

Sabrina Collette, Paralegal
Messer Law Group Direct: (800) 584-1498 ext 101
Email: MortgageRescue.Sabrina@live.com

How to Buy Foreclosures For Sale

by Kevin Simpson

Home foreclosures or foreclosed homes are homes that have been ceased by banks or financial institutions when home owners make defaults on their home mortgage loans. There has been a huge increase in the number of home foreclosures for sale over the past few years due to some important reasons. One of the most vital reasons is that home owners prefer to buy their home by taking home mortgage loans from banks and financial lenders. When a home owner take adjustable rate home mortgage loan he is offered with lucrative terms and condition like easy initial repayment by the financial lenders. When the home owner starts his repayment he is offered to make low monthly payment. However, with the maturity of the loan period the principal amount and the interest rate become so big that the home owner fails to make his repayment. In such a case, the bank and the financial lender will foreclosed his home and later sell it to make up their loss. Depending upon the type of lender home foreclosures may be bank foreclosure or government foreclosure.

Today, foreclosed home for sale offers a great deal for you if you are a buyer or an investor looking to invest your money. As the banks and the financial lenders want to make up their loss as soon as possible, they sell the foreclosed homes at a reduced rate. Bank foreclosures for sale are available at a discounted rate of about 40%-50% less than the original market price. It means that you would be able to save a considerable amount of money by buying a foreclosed home. Moreover, it is also very safe to purchase foreclosed home as the bank or the financial institute hold the clear title of the property. When you buy a foreclosure home you are also free to do whatever you wish with the home. You can either sell it to earn some profit or keep renters in it. By buying foreclosed home you may get the home that you actually could not afford. However, in order to get the best deal on foreclosures for sale you will require some extensive research. Dealing with foreclosure home is not as easy as it seems.

If you have finally decided to buy foreclosed home, the first thing that you should do is find foreclosure listing. Only by studying a foreclosure listing you will be able learn the types of homes available on foreclosures for sale. You can get an idea of foreclosed home that you can afford from a foreclosure listing. Moreover, the location, price and the current condition of the foreclosed home will be mentioned in the foreclosed home listing. Now, you could plan out how much you will need to make the necessary renovation and repairs. However, it is not so easy to go buying foreclosed homes all by your own. You should seek the help of a professional real estate agent or a foreclosure specialist who has in-depth knowledge in dealing with foreclosed homes. Buying foreclosed home require some complicated paperwork and documentation which are time consuming. So, by hiring a real estate agent you could save our time as well as he will perform all your essential paperwork in making your purchase.

Search foreclosures by state or get more information on foreclosures for sale at ForeclosureRepos.
Kevin Simpson, GM Sales & Marketing

Article Source: http://EzineArticles.com/?expert=Kevin_Simpson

Bank-owned homes not always best option

With heavily discounted prices, bank-owned homes often represent attractive options for buyers, but industry experts said the financially distressed properties often present difficulties, although the Home Seller Assist program will provide 100% funding for these REOs and will also do the same for short sales.

Jeremy Larkin, a St. George real estate agent for Keller Williams Realty, said bank-owned properties represent more than 50 percent of his total business, but navigating the foreclosure market is a difficult task in many cases.

Drawing upon his experience with foreclosures, Larkin said approximately 75 percent of the bank-owned homes are physically distressed.

"There are a lot of houses on the market, but a lot of them are garbage," he said.

Disgruntled former homeowners often vandalize the structures before they are forced to vacate, he said, leaving a giant mess behind.

"Whatever their plans were in life, they didn't work out," he said of the former owners. "You will see people take all of the appliances and fixtures."

Facing a pervasive housing crisis, Larkin said short sales have also grown in prevalence, as many seek to quickly unload their homes, selling for less than they owe.

The short sale process requires approval from the lender, often leading to frustration for the prospective buyer as they wait for a decision.

"Most buyers I talk to end up in frustration trying to pick up a short sale because of the long length of time it takes to get approval from the bank," he said. "The seller can't really make a move without the lender's approval."

Vardell Curtis, CEO of the Washington County Board of Realtors, said banks are sometimes slow to react, and some buyers are forced to wait as long as six months for approval.

"I've heard horror stories," he said of the short-sale market. "One of the greatest challenges in dealing with bank-owned properties is that the wheels don't move as quickly as the buyer would like."

Curtis said it is especially important to seek the assistance of a qualified Realtor when dealing in short sales, as they can sometimes expedite the lengthy process.

"Certain agents know how to make it happen in a much quicker timeline," he said.

What is the "entrepreneur's mindset"

Your mindset IS your business.

It denotes where you will go and how quickly you will get there.

The entrepreneur's mindset begins with their excitement about the success to come. The entrepreneur sees the opportunity put before them and he spends countless hours daydreaming thinking about the success and how it will FEEL when it comes to him.

It fuels the fire. Without this the gas in the tank of any entrepreneurial effort quickly empties. They don't think about failure. You see an entrepreneur by definition is a person who offers a solution to a problem at a cost.

At first, the problem that an entrepreneur faces in network marketing is how to solve their own immediate problems. How get a lead? How to get a new team member? How to help that new team member duplicate their success quicker than he or she did it?

When they get these issues solved he benefits monetarily for the growth in his team, but metaphysically he profits for knowing he has added overall value to the task and process at hand for many many to follow. The entrepreneur is not done at this point. There's more to be done. The entrepreneur sees the opportunity before him and sees that there is more value to be added. The people directly associated with him aren't the only people to have the problems they began with so he devises a way to help more than his immediate circle. The entrepreneur sees no failure.

The entrepreneur detaches his emotions from all outcomes be they positive or negative. He sees the results of his actions as merely observable data to improve upon.

The entrepreneur always asks himself "How can I do better next time?" And then sets out to improve upon their most immediate results for their personal growth and the benefit of all those associated with him. The entrepreneur realizes that there is no such thing as "enough" he knows that just like an apple tree grows as large as it possibly can and then bares seeds that he to must ALWAYS grow.

If there is any one quality that the entrepreneur has that sets him apart from the average person is their confidence exceeds their competency. The entrepreneur sees the opportunity before him and he know he most grow into it regardless of whether or not he knows HOW to do it.

He just has confidence that he will. The entrepreneur asks everyday what it is that he wants and then sets out to get it with excitement. Step into this mindset and step into success.

Short Sale video

By Geno from Reno

http://www.REOFunder.com








http://www.REOFunder.com

Time cannot be replenished once it is gone.

Take a second and remind yourself of this important fact:

Time cannot be replenished once it is gone.

If you're not including time with friends and family (and time with yourself!) in

your schedule, you're losing that time for good.

Short sales: 5.2 percent of transactions that took place in 2008 were short sales...

...which means the proceeds of the sale is less

than the amount due on the seller's loan; the

U.S. average was 10.9 percent.

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Foreclosures, short sales push home prices lower

With foreclosure sales dominating the market, the median price of Coachella Valley real estate fell to $194,900 in December, its lowest level since 2001.

The 47 percent drop in median price compared to December 2007 happened even as five homes bearing sticker prices of $1.6 million to $3.2 million were sold in Indian Wells, La Quinta, Palm Springs and Rancho Mirage, figures released Monday by La Jolla-based MDA DataQuick show.

The December sales, while reflecting an 8.3 percent gain compared to 2007, also tracked at low levels not seen since 1996.

“We beat a crummy December 2007 in sales,'' said Andrew LePage, a DataQuick analyst.

The number of sales — 746 — was the second lowest since 1996. “That was not a great year. It was the peak of the last wave of foreclosures” in the state, he said.

The median price also was lower than the $410,000 peak reached in February 2006. “The last time the median was lower was in December 2001,'' LePage said.

Patrick Veling, president of Real Data Strategies in Orange County, said the falling median is a much larger factor of the mix of properties selling in today's market than is an indication of actual values.

Because there had been so many bank-influenced sales of lower-priced properties, Veling said the market is seeing much more “radical erosion” in the statistics than is occurring in the actual marketplace.

“Depreciation has swept through the region and the state,'' LePage said, so the greater share of the sales are in the low-cost areas, where housing prices are affordable and foreclosure activity has been occurring. “That's driving the median down.”

Case-in-point:

Real estate sales rose 8.3 percent, but that was largely because of the 50 percent hike in single-family sales. The same month, condo sales fell 32 percent, while new home sales dropped 44 percent.

Before the credit crunch, property listed under $500,000 accounted for 43 percent of the sales. That percentage now stands at 82 percent.

Sales are strongest where prices are lowest.

The city of Coachella posted a 700 percent gain, with 32 sales occurring with a $135,000 median. Indian Wells, which had the highest median for the month at $554,000, measured a 30 percent drop with nine transactions. Its largest was a $3.4 million sale.

Price drives sales
Greg Berkemer, executive director of California Desert Association of Realtors, said price is the driving factor.

“Home-sellers are still under significant price pressure,'' Berkemer said.

The quicker the inventory of distressed property is taken off the books, reserves are re-established and new loans written for qualified buyers, the sooner things will turn to a more normal real estate market, Berkemer said.

“The person who is most disadvantaged now is the home-seller who has to sell,” he said.

Berkemer said the Multiple Listing Service inventory has fallen from 9,186 properties in December 2007 to 8,250 properties. “It indicates that the desert market continues to absorb the properties that individual home-sellers and banks must sell,'' he said.

Sam Schenkl, executive director of the Palm Springs Regional Association of Realtors, said the pattern has developed over the past four to five months.

“What we're not seeing is the higher-priced end of the market moving,'' he said. “It's still dominated by short sales and foreclosures. As bank-owned properties still make up a large part of the inventory, it drags down the median price.”

He said he was surprised about the condo sale count, and surmised that the drop occurred because buyers recognize they can get single-family homes for similar prices. All of this is causing program like the Home Seller Assist to rocket their sales and helping investors make a ton of money flipping these properties.