Mortgage and Real Estate Services

A Homeownership Preservation Alliance-You and Us! There are many alternatives which can preserve the right to homeownership now and maintain that right in the future. All mortgage an lender solutions should be explored by you along with a seasoned professional not on your lenders payroll. We will explain various options and legal or mortgage lender services to you that may not be disclosed by your mortgage lender or the entities that are funded by them to work your case. The lenders use “the law” to legally take your home away from you due to a breach of a mortgage contract. Our nonprofit law clinic wants you to know that there are CONSUMER PROTECTION laws that may make that mortgage contract simply invalid and unenforceable therefore it might not be foreclosed upon. If you should have any questions, or need our legal services, feel free to contact our offices at (855) 622-2435.

 

Market Valuation
You may wonder what your house is worth. Real Estate Professionals can assist you in obtaining a valuation. The valuation may in turn assist the homeowner in determining whether loss mitigation or some other alternative is right for them. Based upon the evaluation, the appropriate referrals are made.

 

 

Legal Liquidation Services
The homeowner's property may be "underwater" in its value. This means the value of the property is far less than the amount owed on the property. The homeowner may even be current in their payments, yet wondering if they should continue to try and regain the loss of equity. In these instances, homeowners are referred to a legal profession to evaluate their alternatives. If Liquidation is the preferred avenue of problem resolution, the Legal Professionals will work with the homeowner and the lender to expedite the disposition of the property. Liquidation could avoid typical negative ramifications associated with a short sale Like a deficiency judgment, 1099 tax consequence and or elimination of all negative credit. Also a Legal Liquidation can be facilitated to a targeted Investor that has a ‘Hold’ business model and may be open to allow the prior homeowner to rent back the property until such time the Investor elects to sell the home, often time offering the tenant who was the prior owner the first right of refusal to purchase the property back at or near market value of the home with out obligating the Homeowner.

 

 

Homeowner Upgrade Repurchases
Real Estate Professionals that work closely with a Legal Professional and identify FRAUD, mistakes and or violations in mortgage loans allow the Real Estate Professional and the Legal Professional to reverse a homeowners current negative equity situation on a over encumbered home to be invalidated, voided thru "rescission" allowing the homeowner to immediately purchase a "UPGRADE" home for far less than what was owed on the smaller home with current low 30 year fixed financing creating long term sustainability as well as the improvement of consumers lifestyle.

 

 

(C.H.A.M.P) Consumer Home Affordable Modification Program 
When our nonprofit law clinic reviews the Consumer Home Affordable Modification Program (C.H.A.M.P) results with you that will properly structure your FREE Lender Specific loan proposal based on HAMP© guidelines and provide you the required information that your lender will need to approve you for the HAMP© then there will not be any cost or fee, our nonprofit law clinic simply wishes to have the opportunity to make you aware of other Consumer Protection products and services that you may need in the future, for example: Temporary Restraining Order against a foreclosing Lender, Consumer Representation of a Unlawful Detainer if you are getting evicted from your home, Lender Law Suits, filing a Lis Pendens on your property making it virtually impossible for your lender to sell your home, providing you with a Lender Fraud and Violation Analysis Report or Bankruptcy Protection. Hopefully you will never need any these Legal Services but if you or any one you know ever does, we would want you to come back to our nonprofit law clinic for such services. Our consultation and advice is free.

Previously valued at $3,500.00 to $5,000.00 with other Law Firms now has several added enhancements that benefit the consumer:

1. Qualified Written Request Demand (QWR)

Makes it mandatory by Federal Law that the Servicer / Lender properly respond with in 21 days from the date of receipt or be in violation of specific Federal Law that could result in very serious penalties up to and including imprisonment and or a very heavy financial penalty! Also makes it mandatory by Federal Law that the Lender / Servicer provide all specific requested documents and copies of records within 60 days from receipt or face same legal recourse.

2. Debt Validation Notice Demand (DVN)

This allows early acknowledgment of who is the correct Note Holder for meaningful settlement efforts! If a lender-Servicer or debt collection company cannot provide proof that it has the legal right to collect a debt, then it may be legally prevented from collecting all of the debt thru foreclosure! With many mortgage loans sold and resold in large pools and bundles thru the secondary market either thru MERS or otherwise, it is believed to be very difficult if not impossible in some instances for certain lenders who have purchased these loans to be able to adequately provide proof that they do in fact have the right to collect a the debt let alone foreclose on that specific loan. Most Foreclosures are initiated and carried out by the Servicer, based on almost all reviewed servicing agreements and how the mortgage was improperly transferred, the foreclosing servicer – lender may not have the legal right to foreclose!

3. Professional and Loss Mitigation Negotiations*

Once a FULL complete and accurate CHAMP is delivered and received by the lender/servicer our experienced Loss Mitigation Staff will contact your lender along with you at no cost to you for a period of *60 days from the date the CHAMP package was delivered. This gives our trained professionals the opportunity to properly instruct you on how to interact with your lender as well as make every attempt to get your servicer to do what’s right. All and every activity, response and or lack of response from your lender will be properly documented and recorded with date and time stamps in your personal password protected web based Loan Modification site with the intent to reach a positive resolve within the Federally Mandated timelines of 21, 30 or 60 days. Our intention and hope is that at 61st day you will either be on your way to a permanent resolution and will continue to have access to your electronic file indefinitely at no cost to you with our staff at your disposal for advice and recommendations. If your lender appears unwilling to accommodate your long term resolution or is only willing to offer you a meaningless accommodation our electronic records along with the lenders response can be forwarded to an Attorney of your choice for more aggressive legal action, if needed.

4. The actual cost to eligible homeowners has now been made much more affordable thru SAHA…. $ 00.00

 

Fresh Start Relocation Programs
Real Estate Professionals are in an excellent position to assist recently displaced homeowners in their rebuilding process. Referrals to debt settlement, credit repair and other programs may be the solution to the homeowner's current situation.

 

 

CHARM or Legal Liquidation Consumer Home Affordable Restructured Mortgage (CHARM)
allows a homeowner who has an existing Note Holder that refuses to modify your loan simply because they have no interest in accepting small long term payment increments from a homeowner who appears to be a bad risk. Instead they are only interested in receiving a CASH-OUT payment from any third party via Short Sale, Trustee Sale Action, post eviction R.E.O Sale or Note Sale to another Investor either individually or in small pools or bundles. Our consortiums of Investor alliances are willing to bring the same ‘Liquidation’ CASH-OUT activity that always occurs post foreclosure eliminating your homeownership. This is made possible thru Litigation Settlement efforts in front of the Trustee Sale action giving you the opportunity to retain occupancy of your most precious possession, your family’s home. These investors allow a skilled Litigation Attorney to offer your lender the opportunity to receive the same CASH infusion they seek with out having to drag you thru the foreclosure process. These Private investors are fully vetted and already purchase homes and Notes from existing Lenders but now are willing to do the same in front of the finalized foreclosure activity with pre-arranged re-structured Mortgage terms based on or close to Market value for your home and affordable 30 year fixed payments if they acquire your lenders Note or at or near market Rent if they are forced to buy your home in lieu of foreclosure with your approval.

 

Short Sales
A short sale is a sale of real estate in which the proceeds from the sale fall short of the balance owed on a loan secured by the property sold. In a short sale, the bank or mortgage lender agrees to discount a loan balance because of an economic or financial hardship on the part of the mortgagor. This negotiation is all done through communication with a bank's loss mitigation or workout department. The home owner/debtor sells the mortgaged property for less than the outstanding balance of the loan, and turns over the proceeds of the sale to the lender. In such instances, the lender would have the right to approve or disapprove of a proposed sale. Extenuating circumstances influence whether or not banks will discount a loan balance. These circumstances are usually related to the current real estate market and the borrower's financial situation. A short sale typically is executed to prevent a home foreclosure, the decision to proceed with a short sale is predicated on the most economic way for the bank to recover the amount owed on the property. The short sale process is unique to each property and not all lenders or properties may qualify for this option.

Email: customerservice@NACALaw.org