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Home Preservation Network


Educating, informing, and assisting consumers in order to help them manage their affairs.



bankruptcy

Do you know when you should file for bankruptcy? If you don’t, the best thing to do would be consulting a bankruptcy attorney. Hiring the attorney does not show that you’re giving up on the situation. It simply shows that you’re ready to buy yourself some time to rectify a temporary situation before standing on your feet again when circumstances change. The attorney is the one you need by your side through what might be one of the hardest challenges you ever had to deal with in your life.

So, how does the attorney help?

Guides towards the right decision

First, he guides you to make the right decision. He does this by explaining the difference between Chapter 7 and Chapter 13 bankruptcy so that you know what’s good for you. He explains that Chapter 7 helps you to get rid of all unsecured debts. On the other hand, filing a Chapter 13 bankruptcy accords you more time for repaying the debts. The attorney helps you to choose the best option. He helps you to choose the option that allows you to save more money. He guides you to learn the tricks for eliminating most of the debt.

Saves you from harassment

A bankruptcy attorney saves you from the harassment that are too common in such situations. It’s almost impossible to enjoy some peace of mind during bankruptcy proceedings. The fact that creditors keep calling and disturbing you all the time asking about your plans for settling the debts you owe them is enough to turn you into a sour-face. A visit from the creditors to your home or office is a form of harassment. The moment you bring the attorney to your side, the creditors receive a notice to leave you alone. The creditors reach you only through the attorney.

Saves you from fears and anxiety

It’s normal to be fearful and anxious when you owe people and organizations money. The future seems bleak and nothing feels you with excitement. The actual process of filing for bankruptcy is enough to fill a once courageous individual with fear and uncertainty. Meeting with the creditors to tell them how you plan to repay them can be a dreadful experience. Nonetheless, with the bankruptcy attorney on your side, you will have a much easier time with all these issues, thus allowing you to focus on other equally important issues such as family and work.

Simplifies the process

The process of filing for bankruptcy can be quite complicated. Therefore, there’s always the chance that you will make a mistake in one of the stages. This is where you need the intervention of somebody who understands the entire process. The attorney knows all that’s required. He can help you avoid wasting time and money. For example, you may file for Chapter 7 bankruptcy when what you needed was to focus on Chapter 13 bankruptcy in the first place. There is a big difference between the two.

Therefore, the next time you’re wondering whether it’s worth it to hire a bankruptcy attorney, you should remember these benefits. The attorney is more knowledgeable and has the resources needed to help you through this phase of your life. It’s to your benefit to look for an experienced and qualified attorney to help you understand the differences between the various types of bankruptcies so that you know what’s good for you. Get in touch with one right away and enjoy peace of mind.

The health insurance industry has proved difficult to navigate for many people. It becomes even harder when you have to choose one that best suits the needs of your family. Nonetheless, you can find the best one with a bit of time and money spent on research. Identifying experts to help you find the best plan is also highly advisable. Reading different literature from several health insurance providers is a good strategy as well. Most importantly, here is what you should do to find the best health insurance plan for your family:

Consult experts

First, you can consult experts such as Takaful Malaysia. The experts know the plan that’s most suitable for your family. After all, they have been in the industry for years. They have interacted with families with needs that are similar to yours. An employee finds it easy to get the best plan most probably because he relies on the decision that his employers makes for him. He has no choice other than to work with the plan the employer has chosen for him. Employers and the self-employed, however, have to rely on experts and make their own decisions.

Compare different plans

Comparing the different types of health insurance plans that are available in the market is a good move. In fact, you should ask for and obtain information on as many plans as possible. After that, sit down to pore through each plan with the attention of a surgeon. Some plans are common to specific groups of people. Find one that’s perfect for you, but only after comparing from a large pool. Looking for a summary of the benefits of each plan helps you settle on a single one. Use the Internet to check the summary of benefits.

Compare different providers

Comparing the companies that provide health insurance plans is highly advisable. Some providers charge cheaper rates when you visit an in-network doctor. Therefore, ask about the in-network services and features of the plan. The out-of-network doctors are not only costlier to you, but also to the insurance company. Ask the provider whether you can include your preferred doctors in the plan you wish to choose. Speak with your preferred doctor too to learn whether he would be open to this idea.

Check out of pocket costs

Never ignore the out of pocket costs when looking at the best health insurance plan to choose for the family. It’s tough finding a provider that’s willing to cover the entire procedure of seeking treatment and medication for all the ailments that your family suffers. Some plans and providers require you to pay more out of pocket expenses to enjoy the full treatment. Some plans and providers require that you pay something small. Some of the insurance terms you have to be familiar with while looking at the issue of out of costs include:

  • Deductible
  • Copayments
  • Coinsurance

Takaful Malaysia is an excellent provider. Consider asking this provider for more information to help you find the best health insurance plan for your family. Nevertheless, the information published in this article is helpful and can point you towards the right direction, thus making your task much easier to handle. Remember to compare the benefits that each provider list with their plans. As long as you follow this guideline, choosing what’s good for your family will never be an impossible task.

As you already know, the primary purpose of buying life insurance plans is to make things easier for your beneficiaries when you’re no longer able to work and earn some income. The companies that provide such services, such as Takaful Malaysia, first evaluate your life to try and predict the problems you’re likely to encounter before recommending any solution. Life insurance is all about fending for your children when you’re no longer able to work. Some insurance companies have developed a new product known as child insurance, which is different from life insurance.

It carries dual benefits

One of the biggest attractions of child insurance is the dual benefit they carry for the child. The first benefit they present is to generate a good corpus from investing the premiums in funds. The funds in question here could be either ULIP-based or endowment-based. The second of the dual benefits is that the insurance provides a cover to the parent who invests in it on behalf of the child. The beauty of the second benefit is that the cover is for life. This has the following impact on the policyholder in case he dies:

  1. First, the insurer waives off all future premiums
  2. Second; the insurer continues investing in the fund on behalf of the policyholder

It protects the child’s interests

Child insurance protects the child’s interest even when the father or mother is no longer around. It guarantees the child a lump sum payment or period amount. The period amount helps in the child’s maintenance. The child insurance is a great product for parents who struggle to save money on their own without any form of compulsion. The insurance compels the parents to set some money aside to cater for the needs of their children. It trains parents to be responsible and dedicated to saving money for their kids until the little ones can make their own decisions.

It grows with the child

Parents must buy child insurance as early as possible. This is because the money set aside for this type of insurance needs plenty of time to grow. In fact, the best scenario is one where you begin comparing different child insurance plans immediately you learn that you’re expecting a child. The child should enter the world with an insurance product or plan that you have already purchased under his/her name. By starting early, you get the chance to worry less about your child’s future in case something happens to you thus making it impossible to be with him/her.

As a parent, you owe it to your kids to give them the best footing or start in life. A child insurance plan offers you the chance of doing just that. The smart actions you take today will attract the child’s admiration later when he or she is fully grown and able to comprehend the importance of having insurance. The child needs a proper footing to give him the best chance of enjoying a successful career. He needs his finances to be in order. Make this decision on behalf of your child by speaking with Takaful Malaysia about child insurance.

Improving your credit scores by more than 100 points is possible. As is the case with everything in life, starting off is always the biggest challenge. Once you begin, your goals will be achievable. Improving credit scores is a task you ought to take seriously. This is because poor credit scores can affect you financially for a long time. A credit score of around 620 is generally bad. Therefore, your goal should be to improve it to around 720. With a credit score of around 620, you will struggle to find card issuers or lenders who charge you a lower interest rate.

So, what smart money secret should you apply to improve the scores by more than 100 points?

Eliminate the errors

First, focus on knocking off any errors that you see with your credit scores. You can see the errors of your way from any of the main credit reporting bureaus. Interpreting the reports might be hard. Therefore, ask for assistance. The Federal Trade Commission discovered that around 5 percent of consumers walk around with at least an error on their credit reports. The sad thing is such errors could mean paying a higher price for a financial product. You should never keep quiet with mistakes that you notice in the credit reports. Dispute them with the right personnel.

Pay bills on time, all the time

Second, make it a habit of paying all your bills on time. Do this all the time. In fact, your responsibility is bigger if you’re part of the group that walks around with serious errors on the credit report. Study the reports from bureaus such as Equifax, TransUnion or Experian. Study them to identify any account that’s past the due date. What you may not realize is the role payment history plays in credit scores. You can maintain healthy rating as long as you develop a habit of paying all due accounts on time by putting an end to postponing or defaulting your payments.

Stay within the credit limit

Third, avoid surpassing the credit limit. In fact, avoid approaching the limit irrespective of the amount of pressure you feel. As previously stated, your payment history plays a crucial role in determining your credit scores. Similarly, your credit utilization also plays a significant role. Focus on paying off the credit cards, especially if you discover that they approach the limits. Whatever you did in the past regarding credit utilization doesn’t matter. What is important is the current credit utilization. Maintain your balances to less than 30% of credit limits.

By following these guidelines, you can improve your credit scores by more than 100 points in a month. To do this, you would have to focus on moving from 100 percent credit utilization and ten credit cards carrying balances to 0% credit utilization and zero cards with balances. This would also require a hefty financial base. If you lack the finances to pull such a feat off, the next best option would be applying for a debt consolidation loan. However, use these smart money secret strategies while not repeating your past mistakes after taking the debt consolidation loan.

A good accountant is necessary for any business or family.

It’s possible for a small business owner to manage his finances well without any external intervention. You can do this with the help of some software programs. Some of the programs are available online at a fee while others are free. You don’t need much experience or financial background to manage your finances well or use these software programs correctly. Nevertheless, hiring an accountant is something that you can’t keep postponing for too long. At some point, you will have to hire MKS accountants in Darlington, especially if you notice these signs:

Unfamiliarity with Accounting Principles Hampering Your Progress

Financial statements can leave you feeling confused. You might go through a torrid time trying to prepare financial reports. When this happens, your best bet would be to go all out, searching for and hiring a qualified accountant. You may not need the accountant for the rest of your life as a small business owner. However, this financial expert is knowledgeable on everything concerning accounting. Therefore, hire and learn from him during the initial stages of the business. Learn the accounting ropes from him.

Unknowledgeable about Taxes

Tax issues are not easy to understand. The tax code in the United Kingdom is too complicated for a person with little knowledge on such matters to comprehend. Lack of comprehension could lead to massive mistakes later as you try running the small business successfully while meeting your tax obligations. A qualified accountant understands the tax code backward and forwards. Penalties and fines the tax bodies levy on you could cripple your small business. The accountant is helpful in the following ways:

  • He provides timely advice to help you comply with all tax codes and regulations
  • He informs you of all the tax deductions and credits you should take
  • He predicts the taxes you’re likely to owe the HMRC thus helping you to plan well
  • He’s capable of filing the tax returns on your behalf

Bookkeeping proves destructive

Your sole focus should be on running your small business successfully. You don’t need too many distractions. Unfortunately, bookkeeping tasks can be a distraction, thus making it harder for you to focus on the core operations of your business. Some of the goals you ought to concentrate on include spreading the business into new territories and acquiring new clients. Don’t take your eyes away from building a team, innovation or winning more business. Hire an accountant to have a clear understanding and strategy for achieving your tasks.

Other factors that should convince you of the need of hiring accountants include the business’ rapid growth, profit not growing as much as the revenue, and investors demanding professional financial reports among others. Your business needs an accountant each time you want an audit from a professional. Hire an accountant when planning to sell the business or buy and sell properties. The accountant is your ally. Look for one with a stellar record and reputation. Look for one with the experience and training needed to offer top notch assistance. Therefore, hire MKS accountants in Darlington when facing the situations highlighted above.

Interest rates on mortgages are expected to rise in 2016 and beyond. Some banks are reducing or cutting the rates down, but this won’t have too much influence on the general trajectory the mortgages take. Mortgaging a home can take several years. In fact, you might finish mortgaging the home when all your children have finished college and have started their families. Despite this, you should not abandon doing the following while mortgaging the home:

Boosting your credit worthiness

Lenders value your credit worthiness. They want to see whether you’re worth giving access to the credit facilities, which you need to mortgage your home successfully. Therefore, use every opportunity you get to improve your credit worthiness. This involves paying your dues on time and settling all outstanding dues. Avoid taking credit when you have the money needed to buy an item or pay for a service in cash. This way, you reduce your risks of defaulting.  

Set money aside for making down payments

Setting money aside for making down payments is a good habit that you should develop while mortgaging your home. In fact, you should form this habit before you begin mortgaging the home. A down payment of around 20 percent is the norm. However, most lenders have no trouble asking you for a down payment of around 3 percent. Approach the lender confidently with the money you saved for a down payment and see your request for a mortgage, win approval.

Seek pre-approval

Obtaining pre-approval should be your priority before you begin house hunting. Pre-approval simply allows the lender to evaluate the money you qualify to borrow based on the kind of home you wish to buy and live in with your family. Pre-approval opens your eyes to more possibilities you never imagined were possible. Pre-approval helps you to plan and budget or make adjustments based on the kind of house you wish to buy.

Search for legitimate and reputable lenders

Today, the number of lenders operating in the mortgage industry has grown exponentially, thus making it hard to choose the right one for you. Base the choice of lenders for your needs. If you do this, you will end up with some very good interest rates. The rates the lender gives you will not hurt your finances. Spend time asking various lenders for estimates of the mortgages and loans you wish to take. Choose the most suitable lender for you.

Research different types of mortgages

The market is full of the various types of mortgages. Knowing what you want before going for it is highly advisable. Set time aside for research on what’s on the market. Choose a mortgage facility that suits your needs perfectly. If you do this, you will have no reason for worrying about getting the most out of the mortgage. Moreover, the loan will help you address all your needs as well as requirements. The different types of mortgages you can choose can include:

  • Refinancing existing loans
  • Variable rate mortgages
  • Fixed rate mortgages
  • Interest only mortgages
  • Construction mortgages
  • SMSF mortgages
  • Low doc mortgages
  • Reverse mortgages
  • Bridging mortgages

Therefore, get a finance broker in Perth to help you choose the best mortgage.

Buying a house is something that more people want to do. In fact, most people who buy homes will not make any other bigger financial transaction than that in their lives, according to the National Association of Realtors. This explains why it’s important to spend time and effort identifying the mistakes worth avoiding while hunting for a house. Otherwise, you might only succeed in throwing good money away and end up with a huge hole in your finances. It’s crucial for the buyer to be devoid of emotions when buying the house.

That said, the mistakes you should avoid while hunting for a house include the following:

Loving what you can’t afford

First, look at your finances. All the decisions you make on whether to buy a particular type of property should hinge on your finances or lack thereof. As previously stated, buying a home is an emotional process. So, you’re likely to give in to your emotions only to realize that you lack the money needed to live reasonably well after buying a home. This path can take you into a debt crisis and affect your credit scores too. The jetted bathtub, attractive tree-lined streets, and spacious kitchen in your dream home shouldn’t convince you to buy if you lack the money.

Limited to only one option

Second, it’s bad for you to assume that what you see is the best in the market. This often happens when you buy a house in a rush without conducting any kind of research. According to Bankrate, many homebuyers only realize that they bought a money pit much later. Often, this happens when buying a home without any form of research or doing it hurriedly. Simply because the mortgage looks affordable doesn’t mean the house located in an amazing neighborhood, which your agent considers a bargain, is worth buying.

Buying out of desperation

Buying a home out of desperation is one of the worst mistakes you will ever make. This often happens after you have searched for the real estate for sale in Prescott AZ without much success. Even when you haven’t found anything worth buying or interesting enough isn’t a good reason for you to buy out of desperation. Trying to get rid of a house that you realize isn’t what you wanted in the first place is a costly affair. According to the Washington Post, the transaction fees and real estate commissions could drive you up the wall.

All flaws are minor, cheap and fixable

Lastly, ignoring or overlooking the flaws the house has could prove costly for you in the end. In many cases, the flaws you consider minor might cost thousands of dollars or take too much time to fix. Many of the flaws are not only difficult, but also expensive and impossible to fix. Before making any commitment, spend time going through your options. This might just convince you to wait a bit longer until a better property enters the market. When it comes to buying homes, you should remember that you’re never short of options or running out of time.

Therefore, remember these mistakes when searching for real estate for sale in Prescott, AZ.

A homeowner who wants to file for bankruptcy should first consider the impact of this move on his property ownership. The issue is serious if you still pay mortgages. The handling of your mortgage during bankruptcy proceedings hinges on several factors. For example, it hinges on whether you file for Chapter 7 or Chapter 13 bankruptcy. A bit of discussion with your banker, financial manager, mortgage service provider or bankruptcy attorney should help clear this matter for you.

Stop making assumptions

bankruptcyIt’s wrong for you to assume that all is well. If you do, don’t be shocked to learn that you face foreclosure. Furthermore, it’s worth mentioning that going bankrupt influences your ability to retain ownership over your property.  Therefore, you have to set time aside to evaluate the whole situation. Learn what happens or is likely to happen the moment you’re declared bankrupt. For the most part, especially if you own the home you live in, the bankruptcy trustee or official receiver will prefer selling your home to settle your bankruptcy debts.

How to stop the sale

However, even if you know that the receiver will sell your home, you can still do something to make it impossible for this to happen. You’re not entirely hopeless in this situation as you think. You can prevent or delay the process. You’re eligible to stop the receiver from selling your home if you live with your family or dependents. In such situation, you will be given some time (grace period) to do something and find alternative accommodation for the family or dependents. It’s good to confirm this with your Atlanta bankruptcy attorney first.

Understand bankruptcy estate

The attorney should educate you on issues such as bankruptcy estate. The estate is something the bankruptcy court creates the moment you file for bankruptcy. In such cases, the court assumes all the rights and powers to administer your assets, which include the home. The creation of the estate applies when you file for Chapter 7 bankruptcy. However, the law dissuades a homeowner from selling a house that has no equity, so if you are in Atlanta, for instance, you should search out the best bankruptcy attorney in Lawrenceville and figure out your options. In fact, such circumstances convince the trustee to abandon your home and forget about selling it to pay off the liquidators.

How to save your home

You can save your home in bankruptcy. The moment you file for bankruptcy, the law makes it hard for creditors to form a beehive waiting to sell your property off to raise money for settling the debts you owe. Therefore, you can leave comfortably in your house without having to worry about your status or rights as an owner. The prohibition by law makes it hard for you to face foreclosure, repossession, calls and all other forms of collections. However, as your Atlanta bankruptcy attorney will tell you, the automatic stay order only lasts a few months.

Finally, you can save your home by coming up with a repayment plan for settling the mortgage arrears alone. If you file for Chapter 13 bankruptcy, it will take you several years to repay the mortgage arrears. A homeowner whose mortgage arrears total $50,000 can repay it fully in 60 monthly installments. In such instances, you don’t have the luxury of defaulting. You may need the assistance of the Atlanta bankruptcy attorney in this matter too. Therefore, call the attorney today.

Investing in a new piece of real estate is great news if you want your family to have its own little space. The main purpose of buying a home is to have a place to live in. Some people buy homes for rental purposes. Others buy properties that they can improve and resell. Irrespective of your reasons for buying the new home, what’s not in doubt is that you will need mortgage services to afford it; hence, a good reason for hiring a mortgage broker or a finance broker in Perth.

foreclosure

Foreclosures are unfortunately a big part of today’s economy, here is how a mortgage broken can help.

A mortgage broker is different from a bank. Many people would rather rush to their banks when in need of a home loan. According to a growing number of financial experts, dashing to the bank all the time denies you the opportunity to enjoy many benefits. At times, working with a broker has more benefits compared to going to the bank. In addition to the help that the broker provides processing paperwork on your behalf, the other benefits include the following:

  • Increased Choices

When you go to a bank, your options are only in that single institution. When you’re before a mortgage broker, you have more choices of financial institutions to choose from. Brokers have connections with several banks. They’re well connected with tens of mortgage products. In this case, the brokers offer you an increased number of banks and mortgage products from which to choose.

  • Years of Experience

Brokers are in charge of their own businesses. They make the final decisions. Therefore, the brokers are more likely to help you compared to your current lending manager. Furthermore, the broker you work with stays with you for the long haul. With banks, you’re never sure if you will find the lending manager you spoke with over the phone a couple of days ago. This is because banks keep changing or transferring their workers all the time.

  • Specialized Professionals

A mortgage broker is a specialized professional. He provides all the specialized assistance that you need with your loan. Bank personnel rarely have the training needed in the one area where you require assistance. Bank personnel are required to be all-rounded. For example, if you need help with property investing, you will receive all the assistance and more by working with mortgage brokers who specialize in property investors or investments.

  • Follow-Up

It’s costly for you to follow-up the loan application all the time. It frustrates that you can only receive feedback if you call the bank to inquire about the progress of your loan application. Working with a mortgage broker saves you from the frustrations and waste of money or time. The broker follows up with you. He takes the initiative to call and inform you about the progress of your application. He calls to inform you about new products that are worth considering.

  • Personal Banking

Finally, the mortgage broker or finance broker in Perth is like your personal banker. The services you derive from the banker are unmatched. The broker knows what needs to be done. He makes sure that everything you need happens at the right time. They are in the boat with you until you reach your destination. They help you through the financial storms that you face. You cannot find this with a bank employee no matter how good he is.

 

Let’s be honest here, for the majority of people, doing their finances and book-keeping is a chore that very few people relish. But the fact remains that your accounts are probably the number one component when it comes to running your business. It is very difficult to make investment choices and decisions, when you have no overall grasp on the financial side of the company.

If you are not prepared to spend the time doing your accounts, in fact even if you are it is still very beneficial to invest in the services of a great accountant. Living in London myself I utilised Google and searched for “accountants in Ealing” as that is relatively close to both my home and work addresses.

A good accountant is necessary for any business or family.

A good accountant is necessary for any business or family.

When choosing an accountant, I feel it is still one of those services that need to at the very least have the possibility of sitting down face to face over the table to discuss things. The internet may have made the world smaller and enabled remote working, but when you are discussing your finances and other such personal matters nothing can beat a personal meeting. Prior to employing an accountant, book a meeting with them and ask yourself honestly if they are someone that you would like to work with. An accountant should be your critical friend, there to guide you but also direct you onto a path you may not necessarily wish to travel. It is therefore important that you have faith and trust in their advice, and that they are able to explain clearly to you the reasons behind their advice. Never follow anyone’s advice blindly, it is your business and therefore your responsibility to have at least a basic understanding of the advice being given.

A good accountant can be many things, but first and foremost they will be fully aware of the various rules and regulations. They will work for you to ensure that you can claim all of the benefits and rebates to which you are entitled, but they will also keep a close eye on your bank to make certain that you are not over charged in any way shape or form.

Anyone who has ever run a small business knows that it can consume your life, and all too often it is the financial aspects of the business that get overlooked, which ironically tends to be the most important facet of any business. Once you have a good accountant on board, then they can concentrate on the financial aspect of the business, leaving you to focus on driving your business forward.Make certain to retain any and all documentation for any income and expenditure your business makes, as your accountant will require this to complete all the required returns.

When choosing an accountant, it is always beneficial to get a personal recommendation from someone you respect and trust. Particularly if that person is a successful business person. Their recommendation holds a lot more weight than a stranger’s viewpoint written on Google.  To put things bluntly your choice of accountant could well be one of the most important vacancies you fill, to ensure that you are 100 percent confident in your choice of candidate.

 

One of the biggest issues for any business is cash flow. Whether it s a new business or a well established one, there will always be costs most notably staffing and rent. Staffing costs are a matter for another post, in this post we want to drum down and look at how to choose the right office building for you.

Austin Texas is currently a hot bed of business activity and growth. As a consequence  Austin office space for rent  is at a premium, but that doesn’t mean you should be rushed into renting a property. While an office and its location may not be quite as crucial to your long term business as a retail outlet, it is still important to be central, and be in an area where staff will want to work. Should you ever need to bring a client back to your office for a proper business meeting you also want the office to look presentable and provide a good impression of the company. Here are a few other things you might want to consider –

Cost

office-space-for-rent

Office space for rent has been at a premium in large cities like Austin.

As was mentioned above, the rental cost of your office could end up being one of your highest overheads, so it is important to ensure that you get a great deal at the start of your lease. Do some research and find out the comparative prices of other properties. Don’t get obsessed with one specific property and lose control of the financial aspect. When all is said and done, this is simply a base for your business and you don’t want it to become an anchor around your neck.

Telecommunications

In this day and age, there are  very few businesses that don’t need to be on the Internet. It is therefore really important that you check the location for internet speed and reliability, as well as cell phone signal strength. It would be a disaster to move into an office, only to find your cell phone had no reception.

Transport Links

This will be more relevant in certain areas than others, but for the purposes of recruiting and retaining staff, it is certainly worthy of consideration. Even if public transport is not an option, are there sufficient parking spaces for the office, and will your staff feel safe coming to and from work.

Find A Great Commercial Real Estate Broker

Perhaps the most important decision of all is to find yourself a good commercial real estate agent. The role of any good agent should be to ensure you find the property that best suits your requirements. Spend time discussing what you need and ensure that the agent fully understands your requirements. If they continue to send you to look at offices that don’t suit your requirements, then it is probably better to cut your losses and find another agent. Remember you are the client, you are the one spending the money, and you deserve the best service possible.

I have a file 2″ thick of everytime I called PHH Mortgage Mt. Laurel NJ during a 9 month period.  Finally fed up, frustrated and going through all my savings at the same time, and facing my business doing half the business it used to.  I wrote PHH Mortgage and Fannie Mae a letter letting them know that enough was enough and i C.C’d TV Channels, DIane Feinstein, Howard Berman, Bernark Franke, Joe Bide, and Obama.

Three Hours later i received a call that i now miracusily Qualified for a Home Modification.  Only to find out in 4 months that it was an illegal Home loan Modification because it didn’t include my house taxes.  Phh Paid my house taxes and forced me into a foreclosure.

I’ve lost my business, my home, and am in debt.  Also PHH sent in negative 9 times to Experian , Trans Union, Equifax during the time I was waiting for PHH to evaluate my financials before the modification.  Let’s not forget the misleading rumor that spread like wild fire , that in order to qualify for a home loan modifcation you had to be 3 months in default.  I’ve sent my letters with copies of my modification before giving up my home to FDIC, Securities & Exchange Commission, Diane Feinstein, Barbara Boxer, and a multitude of other government departments.  I received letters from most that “THEY have no Juristican over Mortgage Servicers.

But what about Fannie Mae who owns my home, and was bailed out by our GOVERNMENT shouldn’t they be employing a company that is “PRO-Public”.  In September of 2008 my fico score was 801 I had no debt. my business was booming. 10 days after closing escrow the stock market TANKED, it shook up the people and my business starting to drop.

Shamethebanks.org, and all the negative blog sites dedicated to people writing in their horror stories is great,  but we now have to take it to the next level.  We need to have an email revolution, by reaching out to everyone on these blogs, orgs, and send it into every government/ TV media/ Newspapers and magazines.  Until we bring the banking industry to court and limit their lobbyists, limit how much power they have.  Because they’re controlling our economy and erasing middle class.  They’ve pulled off the biggest Ponzi scheme, making Bernie Maddof look like a cartoon character.

After living in this Salem condo for 13 yrs, never running more than 2 mos late with monthly dues, and paying almost $10,000 for a special assessment, the trustees of the Hamlet charged ahead with a frivolous lawsuit against me, claiming I owed them $140 in late fees, PLUS an extra $5000 it cost them to engage their lawyer in this ridiculous action.

Despite my numerous letters, emails to all of the board members, the property manager (Crowninshield), the owner of the property management firm, they ignored everything in their aggressive pursuit of injustice.  Every state legislator I contacted, the AG office, the BBB, our state reps, the mayor of Salem, realtors I contacted,  all agreed this was ridiculous action on the part of an out of control board of trustees, nobody had heard of such a thing, and since there are NO STATE LAWS TO PROTECT CONDO OWNERS IN MASSACHUSETTS,  basically HOAs have unlimited power to do whatever they want whether illegal, immoral, unethical AND NOT BE HELD ACCOUNTABLE FOR THEIR ACTIONS!

They all advised me to get a lawyer, go before a judge so that justice would be served.  Unfortunately, the judge hearing my case wasn’t paying attention to my lawyer’s legal citations, was visibly enamoured by the HOA’s lawyer,  and  ruled 100% in favor of the HOA, which included claiming I owed 3 months of  condo fees (I OWED ZERO CONDO FEES, WAS TOTALLY CURRENT), along with the $140 late fee, plus another $5000 plus for the HOA’s attorney to pursue this frivolous lawsuit. He granted them permission to place a lein on my condo and pursue foreclosure action to “collect their debt”.

After owning 4 previous homes, this was my first, and will be my last, condo. With all the foreclosure and financial ruin insanity being caused by the banks, condo owners must be made aware that unethical, out of control, power hungry HOAs have the same power to destroy lives, their towns, their states, ultimately the country, and get away with it.

Ron J. Tempe AZ

Posted on May 16, 2016

I bought this house in Tempe AZ on Aug 1, 1995 for $105,000 at a fixed rate of 9%. Payoff time was 22 years. When I purchased the home there was a second mortgage on the property and that payment was around$200.00 on top of the first which was $825.00.

I paid off the second which left me the $825.00 fixed rate payment. Around 1999 I had met this friend of a friend who was working at a car dealership in Phoenix AZ as a loan specialist who got a few of my family and friends approved for auto loans. He then went to work for a mortgage company in Phoenix as well. He kinda became a good friend and when he asked me run a credit card thru my business for a cash advance I went ahead and did it. this was after he got my mortgage refinanced at the company he was working for.

When he first asked me about my interest rate and I told him I had a fixed at 9%. He told me he could do better and lower my payment plus get me some extra cash out of this whole deal. I told him that I wanted a fixed rate as well and the same pay off period of the original loan which would have been 2017.

Well after I signed I found out that the rate was still at 9% and my mortgage had turned into a adjustable rate. I felt deceived by this whole matter but didn’t really felt that since I already signed that I couldn’t do anything about it. Well in the meantime about me running a credit card for him. It turned out that the card was his father in law who disputed it and I ended taken the loss of $2000,00 because of it. I did sue him in small claims court here in Tempe AZ and won the judgement but was never able to collect a dime from him because I was never able to find him.

Anyway I continued to pay thru this new company which turned into another company and for a while I was sending payments to different companies. My payment had jumped to$1100.00 for a while but I still paid it and was never late from 1995 to around 2009. In 2009 I started to have difficulty in paying my mortgage as being a self employed artist and with the economy getting worse and worse I fell behind.

I went into foreclosure in 2010 but was able to get a loan from a friend and got reinstated in August 2010which included paying some substantial attorney and late fees.. At that time after reinstatement a employee at GMAC which took over my mortgage told me that I did not have to make my first payment until Dec 2011 but later I found out it was Dec 2010. In the meantime I had rented the house out and after 5 months had to sue the renters to get them evicted because of non payment of rent. I found that I was actually about 11 months behind and was scheduled for foreclosure on Oct, 27 2011.

The day of foreclosure I filed for Ch 7bankruptcy which was finally discharged on March 4 2012.

I tried numerous times before Oct 2011 to get GMAC to work out a deal but they wanted the whole amount to stop the foreclosure which was about $13,000 and that is why I filed for bankruptcy. Well they have re-instigated the fore closure which now is set for June 22, 2012. I requested a show me the note letter and they sent me a copy of the 1999 sale which the so called friend did. In the meantime I found out that guy was indicted for grand theft for something he did at the mortgage company he worked for. He and another guy were sent to prison. The reason I brought him up was I have feeling that something might not be right with the current loan that GMAC now is servicing.

And that is where I am at. I have contacted GMAC and they want me to send info for a loan modification but I don’t think they would approve me anyway. I do have equity in this house about $70,000 but that is also in question as the payoff amount does not match what I think it should be. I think I presented everything. So if there is anything that can be done please let me know.

AP_logo_update_20130709

A trove of leaked documents shows that HSBC’s Swiss private bank turned a blind eye to illegal activities of arms dealers and blood diamond traders while helping rich people evade taxes, according to a report based on the documents that was published Monday.

The data relate to accounts worth $100 billion held by more than 100,000 people and legal entities around the world.

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WHAT HAPPENED

A former HSBC employee-turned-whistleblower, Herve Falciani, gave the data to French tax authorities in 2008. France shared it with other governments and launched investigations.

The French newspaper Le Monde obtained a version of the data and shared the material with the International Consortium of Investigative Journalists, which analyzed the material together with The Guardian and the BBC in Britain.

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WHAT THE FILES SHOW

The leaked documents mainly cover the years 2005 to 2007.

HSBC, which is based in London but has operations globally, served those close to the regimes of former Egyptian President Hosni Mubarak, former Tunisian leader Ben Ali and Syria’s Bashar Assad.

The consortium said clients include former and current politicians from Britain, Russia, Ukraine, Kenya, India, Mexico, Lebanon, the Democratic Republic of the Congo, Zimbabwe, and Algeria.

Switzerland had the greatest number of clients of the data examined, followed by France, the United Kingdom, Brazil and Italy. In terms of ranking by value, Switzerland was first with $31.2 billion, followed by the United Kingdom with $21.7 billion; Venezuela with $14.8 billion; the U.S. with $13.4 billion; and France with $12.5 billion.

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WHY IT MATTERS

Though some of the details of such operations were disclosed previously, when HSBC was fined in 2012 by the U.S. for allowing criminals to use its branches for money laundering, Monday’s information suggests HSBC took an active role in assisting the wealthy in hiding their money from authorities.

“The bank repeatedly reassured clients that it would not disclose details of accounts to national authorities, even if evidence suggested that the accounts were undeclared to tax authorities in the client’s home country,” the consortium said. “Bank employees also discussed with clients a range of measures that would ultimately allow clients to avoid paying taxes in their home countries.”

Crawford Spence, a professor of accounting at the University of Warwick, said this case was different than other recent tax scandals.

“HSBC has been complicit in clear tax evasion

Read more http://abcnews.go.com/Business/wireStory/report-shows-hsbc-helped-rich-clients-dodge-taxes-28843744

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September 27, 2016
bankruptcy

How Can a Bankruptcy Attorney Help Get Your Life Back in Order?

Do you know when you should file for bankruptcy? If you don’t, the best thing to do would be consulting a bankruptcy attorney. Hiring the attorney does not show that you’re giving up on the situation. It simply shows that you’re ready to buy yourself some time to rectify a temporary situation before standing on your feet again when circumstances change. The attorney is the one you need by your side through what might be one of the hardest challenges you ever had to deal with in your life. So, how does the attorney help? Guides towards the right decision First, he guides you to make the right decision. He does this by explaining the difference between Chapter 7 and Chapter 13 bankruptcy so that you know what’s good for you. He explains that Chapter 7 helps you to get rid of all unsecured debts. On the other hand, filing a Chapter 13 bankruptcy accords you more time for repaying the debts. The attorney helps you to choose the best option. He helps you to choose the option that allows you to save more money. He guides you to learn the tricks for eliminating most of the debt. Saves you from harassment A bankruptcy attorney saves you from the harassment that are too common in such situations. It’s almost impossible to enjoy some peace of mind during bankruptcy proceedings. The fact that creditors keep calling and disturbing you all the time asking about your plans for settling the debts you owe them is enough to turn you into a sour-face. A visit from the creditors to your home or office is a form of harassment. The moment you bring the attorney to your side, the creditors receive a notice to leave you alone. The creditors reach you only through the attorney. Saves you from fears and anxiety It’s normal to be fearful and anxious when you owe people and organizations money. The future seems bleak and nothing feels you with excitement. The actual process of filing for bankruptcy is enough to fill a once courageous individual with fear and uncertainty. Meeting with the creditors to tell them how you plan to repay them can be a dreadful experience. Nonetheless, with the bankruptcy attorney on your side, you will have a much easier time with all these issues, thus allowing you to focus on other equally important issues such as family and work. Simplifies the process The process of filing for bankruptcy can be quite complicated. Therefore, there’s always the chance that you will make a mistake in one of the stages. This is where you need the intervention of somebody who understands the entire process. The attorney knows all that’s required. He can help you avoid wasting time and money. For example, you may file for Chapter 7 bankruptcy when what you needed was to focus on Chapter 13 bankruptcy in the first place. There is a big difference between the two. Therefore, the next time you’re wondering whether it’s worth it to hire a bankruptcy attorney, you should remember these benefits. The attorney is more knowledgeable and has the resources needed to help you through this phase of your life. It’s to your benefit to look for an experienced and qualified attorney to help you understand the differences between the various types of bankruptcies so that you know what’s good for you. Get in touch with one right away and enjoy peace of mind.
September 11, 2016

Smart Tips for Choosing the Best Health Insurance Plan for Your Family

The health insurance industry has proved difficult to navigate for many people. It becomes even harder when you have to choose one that best suits the needs of your family. Nonetheless, you can find the best one with a bit of time and money spent on research. Identifying experts to help you find the best plan is also highly advisable. Reading different literature from several health insurance providers is a good strategy as well. Most importantly, here is what you should do to find the best health insurance plan for your family: Consult experts First, you can consult experts such as Takaful Malaysia. The experts know the plan that’s most suitable for your family. After all, they have been in the industry for years. They have interacted with families with needs that are similar to yours. An employee finds it easy to get the best plan most probably because he relies on the decision that his employers makes for him. He has no choice other than to work with the plan the employer has chosen for him. Employers and the self-employed, however, have to rely on experts and make their own decisions. Compare different plans Comparing the different types of health insurance plans that are available in the market is a good move. In fact, you should ask for and obtain information on as many plans as possible. After that, sit down to pore through each plan with the attention of a surgeon. Some plans are common to specific groups of people. Find one that’s perfect for you, but only after comparing from a large pool. Looking for a summary of the benefits of each plan helps you settle on a single one. Use the Internet to check the summary of benefits. Compare different providers Comparing the companies that provide health insurance plans is highly advisable. Some providers charge cheaper rates when you visit an in-network doctor. Therefore, ask about the in-network services and features of the plan. The out-of-network doctors are not only costlier to you, but also to the insurance company. Ask the provider whether you can include your preferred doctors in the plan you wish to choose. Speak with your preferred doctor too to learn whether he would be open to this idea. Check out of pocket costs Never ignore the out of pocket costs when looking at the best health insurance plan to choose for the family. It’s tough finding a provider that’s willing to cover the entire procedure of seeking treatment and medication for all the ailments that your family suffers. Some plans and providers require you to pay more out of pocket expenses to enjoy the full treatment. Some plans and providers require that you pay something small. Some of the insurance terms you have to be familiar with while looking at the issue of out of costs include: Deductible Copayments Coinsurance Takaful Malaysia is an excellent provider. Consider asking this provider for more information to help you find the best health insurance plan for your family. Nevertheless, the information published in this article is helpful and can point you towards the right direction, thus making your task much easier to handle. Remember to compare the benefits that each provider list with their plans. As long as you follow this guideline, choosing what’s good for your family will never be an impossible task.
September 10, 2016

Why You Should Stop taking Child Insurance Lightly

As you already know, the primary purpose of buying life insurance plans is to make things easier for your beneficiaries when you’re no longer able to work and earn some income. The companies that provide such services, such as Takaful Malaysia, first evaluate your life to try and predict the problems you’re likely to encounter before recommending any solution. Life insurance is all about fending for your children when you’re no longer able to work. Some insurance companies have developed a new product known as child insurance, which is different from life insurance. It carries dual benefits One of the biggest attractions of child insurance is the dual benefit they carry for the child. The first benefit they present is to generate a good corpus from investing the premiums in funds. The funds in question here could be either ULIP-based or endowment-based. The second of the dual benefits is that the insurance provides a cover to the parent who invests in it on behalf of the child. The beauty of the second benefit is that the cover is for life. This has the following impact on the policyholder in case he dies: First, the insurer waives off all future premiums Second; the insurer continues investing in the fund on behalf of the policyholder It protects the child’s interests Child insurance protects the child’s interest even when the father or mother is no longer around. It guarantees the child a lump sum payment or period amount. The period amount helps in the child’s maintenance. The child insurance is a great product for parents who struggle to save money on their own without any form of compulsion. The insurance compels the parents to set some money aside to cater for the needs of their children. It trains parents to be responsible and dedicated to saving money for their kids until the little ones can make their own decisions. It grows with the child Parents must buy child insurance as early as possible. This is because the money set aside for this type of insurance needs plenty of time to grow. In fact, the best scenario is one where you begin comparing different child insurance plans immediately you learn that you’re expecting a child. The child should enter the world with an insurance product or plan that you have already purchased under his/her name. By starting early, you get the chance to worry less about your child’s future in case something happens to you thus making it impossible to be with him/her. As a parent, you owe it to your kids to give them the best footing or start in life. A child insurance plan offers you the chance of doing just that. The smart actions you take today will attract the child’s admiration later when he or she is fully grown and able to comprehend the importance of having insurance. The child needs a proper footing to give him the best chance of enjoying a successful career. He needs his finances to be in order. Make this decision on behalf of your child by speaking with Takaful Malaysia about child insurance.
September 9, 2016

Tips for Raising Your Credit Score by More than 100 Points

Improving your credit scores by more than 100 points is possible. As is the case with everything in life, starting off is always the biggest challenge. Once you begin, your goals will be achievable. Improving credit scores is a task you ought to take seriously. This is because poor credit scores can affect you financially for a long time. A credit score of around 620 is generally bad. Therefore, your goal should be to improve it to around 720. With a credit score of around 620, you will struggle to find card issuers or lenders who charge you a lower interest rate. So, what smart money secret should you apply to improve the scores by more than 100 points? Eliminate the errors First, focus on knocking off any errors that you see with your credit scores. You can see the errors of your way from any of the main credit reporting bureaus. Interpreting the reports might be hard. Therefore, ask for assistance. The Federal Trade Commission discovered that around 5 percent of consumers walk around with at least an error on their credit reports. The sad thing is such errors could mean paying a higher price for a financial product. You should never keep quiet with mistakes that you notice in the credit reports. Dispute them with the right personnel. Pay bills on time, all the time Second, make it a habit of paying all your bills on time. Do this all the time. In fact, your responsibility is bigger if you’re part of the group that walks around with serious errors on the credit report. Study the reports from bureaus such as Equifax, TransUnion or Experian. Study them to identify any account that’s past the due date. What you may not realize is the role payment history plays in credit scores. You can maintain healthy rating as long as you develop a habit of paying all due accounts on time by putting an end to postponing or defaulting your payments. Stay within the credit limit Third, avoid surpassing the credit limit. In fact, avoid approaching the limit irrespective of the amount of pressure you feel. As previously stated, your payment history plays a crucial role in determining your credit scores. Similarly, your credit utilization also plays a significant role. Focus on paying off the credit cards, especially if you discover that they approach the limits. Whatever you did in the past regarding credit utilization doesn’t matter. What is important is the current credit utilization. Maintain your balances to less than 30% of credit limits. By following these guidelines, you can improve your credit scores by more than 100 points in a month. To do this, you would have to focus on moving from 100 percent credit utilization and ten credit cards carrying balances to 0% credit utilization and zero cards with balances. This would also require a hefty financial base. If you lack the finances to pull such a feat off, the next best option would be applying for a debt consolidation loan. However, use these smart money secret strategies while not repeating your past mistakes after taking the debt consolidation loan.
August 30, 2016
A good accountant is necessary for any business or family.

Top Signs that Tell You it’s Time to Hire an Accountant

It’s possible for a small business owner to manage his finances well without any external intervention. You can do this with the help of some software programs. Some of the programs are available online at a fee while others are free. You don’t need much experience or financial background to manage your finances well or use these software programs correctly. Nevertheless, hiring an accountant is something that you can’t keep postponing for too long. At some point, you will have to hire MKS accountants in Darlington, especially if you notice these signs: Unfamiliarity with Accounting Principles Hampering Your Progress Financial statements can leave you feeling confused. You might go through a torrid time trying to prepare financial reports. When this happens, your best bet would be to go all out, searching for and hiring a qualified accountant. You may not need the accountant for the rest of your life as a small business owner. However, this financial expert is knowledgeable on everything concerning accounting. Therefore, hire and learn from him during the initial stages of the business. Learn the accounting ropes from him. Unknowledgeable about Taxes Tax issues are not easy to understand. The tax code in the United Kingdom is too complicated for a person with little knowledge on such matters to comprehend. Lack of comprehension could lead to massive mistakes later as you try running the small business successfully while meeting your tax obligations. A qualified accountant understands the tax code backward and forwards. Penalties and fines the tax bodies levy on you could cripple your small business. The accountant is helpful in the following ways: He provides timely advice to help you comply with all tax codes and regulations He informs you of all the tax deductions and credits you should take He predicts the taxes you’re likely to owe the HMRC thus helping you to plan well He’s capable of filing the tax returns on your behalf Bookkeeping proves destructive Your sole focus should be on running your small business successfully. You don’t need too many distractions. Unfortunately, bookkeeping tasks can be a distraction, thus making it harder for you to focus on the core operations of your business. Some of the goals you ought to concentrate on include spreading the business into new territories and acquiring new clients. Don’t take your eyes away from building a team, innovation or winning more business. Hire an accountant to have a clear understanding and strategy for achieving your tasks. Other factors that should convince you of the need of hiring accountants include the business’ rapid growth, profit not growing as much as the revenue, and investors demanding professional financial reports among others. Your business needs an accountant each time you want an audit from a professional. Hire an accountant when planning to sell the business or buy and sell properties. The accountant is your ally. Look for one with a stellar record and reputation. Look for one with the experience and training needed to offer top notch assistance. Therefore, hire MKS accountants in Darlington when facing the situations highlighted above.
August 28, 2016

5 Things You Mustn’t Stop doing as Your Mortgage Your Home

Interest rates on mortgages are expected to rise in 2016 and beyond. Some banks are reducing or cutting the rates down, but this won’t have too much influence on the general trajectory the mortgages take. Mortgaging a home can take several years. In fact, you might finish mortgaging the home when all your children have finished college and have started their families. Despite this, you should not abandon doing the following while mortgaging the home: Boosting your credit worthiness Lenders value your credit worthiness. They want to see whether you’re worth giving access to the credit facilities, which you need to mortgage your home successfully. Therefore, use every opportunity you get to improve your credit worthiness. This involves paying your dues on time and settling all outstanding dues. Avoid taking credit when you have the money needed to buy an item or pay for a service in cash. This way, you reduce your risks of defaulting.   Set money aside for making down payments Setting money aside for making down payments is a good habit that you should develop while mortgaging your home. In fact, you should form this habit before you begin mortgaging the home. A down payment of around 20 percent is the norm. However, most lenders have no trouble asking you for a down payment of around 3 percent. Approach the lender confidently with the money you saved for a down payment and see your request for a mortgage, win approval. Seek pre-approval Obtaining pre-approval should be your priority before you begin house hunting. Pre-approval simply allows the lender to evaluate the money you qualify to borrow based on the kind of home you wish to buy and live in with your family. Pre-approval opens your eyes to more possibilities you never imagined were possible. Pre-approval helps you to plan and budget or make adjustments based on the kind of house you wish to buy. Search for legitimate and reputable lenders Today, the number of lenders operating in the mortgage industry has grown exponentially, thus making it hard to choose the right one for you. Base the choice of lenders for your needs. If you do this, you will end up with some very good interest rates. The rates the lender gives you will not hurt your finances. Spend time asking various lenders for estimates of the mortgages and loans you wish to take. Choose the most suitable lender for you. Research different types of mortgages The market is full of the various types of mortgages. Knowing what you want before going for it is highly advisable. Set time aside for research on what’s on the market. Choose a mortgage facility that suits your needs perfectly. If you do this, you will have no reason for worrying about getting the most out of the mortgage. Moreover, the loan will help you address all your needs as well as requirements. The different types of mortgages you can choose can include: Refinancing existing loans Variable rate mortgages Fixed rate mortgages Interest only mortgages Construction mortgages SMSF mortgages Low doc mortgages Reverse mortgages Bridging mortgages Therefore, get a finance broker in Perth to help you choose the best mortgage.
August 26, 2016

Top House-Hunting Mistakes You Should Avoid

Buying a house is something that more people want to do. In fact, most people who buy homes will not make any other bigger financial transaction than that in their lives, according to the National Association of Realtors. This explains why it’s important to spend time and effort identifying the mistakes worth avoiding while hunting for a house. Otherwise, you might only succeed in throwing good money away and end up with a huge hole in your finances. It’s crucial for the buyer to be devoid of emotions when buying the house. That said, the mistakes you should avoid while hunting for a house include the following: Loving what you can’t afford First, look at your finances. All the decisions you make on whether to buy a particular type of property should hinge on your finances or lack thereof. As previously stated, buying a home is an emotional process. So, you’re likely to give in to your emotions only to realize that you lack the money needed to live reasonably well after buying a home. This path can take you into a debt crisis and affect your credit scores too. The jetted bathtub, attractive tree-lined streets, and spacious kitchen in your dream home shouldn’t convince you to buy if you lack the money. Limited to only one option Second, it’s bad for you to assume that what you see is the best in the market. This often happens when you buy a house in a rush without conducting any kind of research. According to Bankrate, many homebuyers only realize that they bought a money pit much later. Often, this happens when buying a home without any form of research or doing it hurriedly. Simply because the mortgage looks affordable doesn’t mean the house located in an amazing neighborhood, which your agent considers a bargain, is worth buying. Buying out of desperation Buying a home out of desperation is one of the worst mistakes you will ever make. This often happens after you have searched for the real estate for sale in Prescott AZ without much success. Even when you haven’t found anything worth buying or interesting enough isn’t a good reason for you to buy out of desperation. Trying to get rid of a house that you realize isn’t what you wanted in the first place is a costly affair. According to the Washington Post, the transaction fees and real estate commissions could drive you up the wall. All flaws are minor, cheap and fixable Lastly, ignoring or overlooking the flaws the house has could prove costly for you in the end. In many cases, the flaws you consider minor might cost thousands of dollars or take too much time to fix. Many of the flaws are not only difficult, but also expensive and impossible to fix. Before making any commitment, spend time going through your options. This might just convince you to wait a bit longer until a better property enters the market. When it comes to buying homes, you should remember that you’re never short of options or running out of time. Therefore, remember these mistakes when searching for real estate for sale in Prescott, AZ.
August 5, 2016

Can you keep your home after filing for bankruptcy?

A homeowner who wants to file for bankruptcy should first consider the impact of this move on his property ownership. The issue is serious if you still pay mortgages. The handling of your mortgage during bankruptcy proceedings hinges on several factors. For example, it hinges on whether you file for Chapter 7 or Chapter 13 bankruptcy. A bit of discussion with your banker, financial manager, mortgage service provider or bankruptcy attorney should help clear this matter for you. Stop making assumptions It’s wrong for you to assume that all is well. If you do, don’t be shocked to learn that you face foreclosure. Furthermore, it’s worth mentioning that going bankrupt influences your ability to retain ownership over your property.  Therefore, you have to set time aside to evaluate the whole situation. Learn what happens or is likely to happen the moment you’re declared bankrupt. For the most part, especially if you own the home you live in, the bankruptcy trustee or official receiver will prefer selling your home to settle your bankruptcy debts. How to stop the sale However, even if you know that the receiver will sell your home, you can still do something to make it impossible for this to happen. You’re not entirely hopeless in this situation as you think. You can prevent or delay the process. You’re eligible to stop the receiver from selling your home if you live with your family or dependents. In such situation, you will be given some time (grace period) to do something and find alternative accommodation for the family or dependents. It’s good to confirm this with your Atlanta bankruptcy attorney first. Understand bankruptcy estate The attorney should educate you on issues such as bankruptcy estate. The estate is something the bankruptcy court creates the moment you file for bankruptcy. In such cases, the court assumes all the rights and powers to administer your assets, which include the home. The creation of the estate applies when you file for Chapter 7 bankruptcy. However, the law dissuades a homeowner from selling a house that has no equity, so if you are in Atlanta, for instance, you should search out the best bankruptcy attorney in Lawrenceville and figure out your options. In fact, such circumstances convince the trustee to abandon your home and forget about selling it to pay off the liquidators. How to save your home You can save your home in bankruptcy. The moment you file for bankruptcy, the law makes it hard for creditors to form a beehive waiting to sell your property off to raise money for settling the debts you owe. Therefore, you can leave comfortably in your house without having to worry about your status or rights as an owner. The prohibition by law makes it hard for you to face foreclosure, repossession, calls and all other forms of collections. However, as your Atlanta bankruptcy attorney will tell you, the automatic stay order only lasts a few months. Finally, you can save your home by coming up with a repayment plan for settling the mortgage arrears alone. If you file for Chapter 13 bankruptcy, it will take you several years to repay the mortgage arrears. A homeowner whose mortgage arrears total $50,000 can repay it fully in 60 monthly installments. In such instances, you don’t have the luxury of defaulting. You may need the assistance of the Atlanta bankruptcy attorney in this matter too. Therefore, call the attorney today.
July 24, 2016

How Can a Mortgage Broker Help With Your Foreclosure?

Investing in a new piece of real estate is great news if you want your family to have its own little space. The main purpose of buying a home is to have a place to live in. Some people buy homes for rental purposes. Others buy properties that they can improve and resell. Irrespective of your reasons for buying the new home, what’s not in doubt is that you will need mortgage services to afford it; hence, a good reason for hiring a mortgage broker or a finance broker in Perth. A mortgage broker is different from a bank. Many people would rather rush to their banks when in need of a home loan. According to a growing number of financial experts, dashing to the bank all the time denies you the opportunity to enjoy many benefits. At times, working with a broker has more benefits compared to going to the bank. In addition to the help that the broker provides processing paperwork on your behalf, the other benefits include the following: Increased Choices When you go to a bank, your options are only in that single institution. When you’re before a mortgage broker, you have more choices of financial institutions to choose from. Brokers have connections with several banks. They’re well connected with tens of mortgage products. In this case, the brokers offer you an increased number of banks and mortgage products from which to choose. Years of Experience Brokers are in charge of their own businesses. They make the final decisions. Therefore, the brokers are more likely to help you compared to your current lending manager. Furthermore, the broker you work with stays with you for the long haul. With banks, you’re never sure if you will find the lending manager you spoke with over the phone a couple of days ago. This is because banks keep changing or transferring their workers all the time. Specialized Professionals A mortgage broker is a specialized professional. He provides all the specialized assistance that you need with your loan. Bank personnel rarely have the training needed in the one area where you require assistance. Bank personnel are required to be all-rounded. For example, if you need help with property investing, you will receive all the assistance and more by working with mortgage brokers who specialize in property investors or investments. Follow-Up It’s costly for you to follow-up the loan application all the time. It frustrates that you can only receive feedback if you call the bank to inquire about the progress of your loan application. Working with a mortgage broker saves you from the frustrations and waste of money or time. The broker follows up with you. He takes the initiative to call and inform you about the progress of your application. He calls to inform you about new products that are worth considering. Personal Banking Finally, the mortgage broker or finance broker in Perth is like your personal banker. The services you derive from the banker are unmatched. The broker knows what needs to be done. He makes sure that everything you need happens at the right time. They are in the boat with you until you reach your destination. They help you through the financial storms that you face. You cannot find this with a bank employee no matter how good he is.  
July 11, 2016

Never Underestimate The Importance Of A Great Accountant

Let’s be honest here, for the majority of people, doing their finances and book-keeping is a chore that very few people relish. But the fact remains that your accounts are probably the number one component when it comes to running your business. It is very difficult to make investment choices and decisions, when you have no overall grasp on the financial side of the company. If you are not prepared to spend the time doing your accounts, in fact even if you are it is still very beneficial to invest in the services of a great accountant. Living in London myself I utilised Google and searched for “accountants in Ealing” as that is relatively close to both my home and work addresses. When choosing an accountant, I feel it is still one of those services that need to at the very least have the possibility of sitting down face to face over the table to discuss things. The internet may have made the world smaller and enabled remote working, but when you are discussing your finances and other such personal matters nothing can beat a personal meeting. Prior to employing an accountant, book a meeting with them and ask yourself honestly if they are someone that you would like to work with. An accountant should be your critical friend, there to guide you but also direct you onto a path you may not necessarily wish to travel. It is therefore important that you have faith and trust in their advice, and that they are able to explain clearly to you the reasons behind their advice. Never follow anyone’s advice blindly, it is your business and therefore your responsibility to have at least a basic understanding of the advice being given. A good accountant can be many things, but first and foremost they will be fully aware of the various rules and regulations. They will work for you to ensure that you can claim all of the benefits and rebates to which you are entitled, but they will also keep a close eye on your bank to make certain that you are not over charged in any way shape or form. Anyone who has ever run a small business knows that it can consume your life, and all too often it is the financial aspects of the business that get overlooked, which ironically tends to be the most important facet of any business. Once you have a good accountant on board, then they can concentrate on the financial aspect of the business, leaving you to focus on driving your business forward.Make certain to retain any and all documentation for any income and expenditure your business makes, as your accountant will require this to complete all the required returns. When choosing an accountant, it is always beneficial to get a personal recommendation from someone you respect and trust. Particularly if that person is a successful business person. Their recommendation holds a lot more weight than a stranger’s viewpoint written on Google.  To put things bluntly your choice of accountant could well be one of the most important vacancies you fill, to ensure that you are 100 percent confident in your choice of candidate.  
July 7, 2016

How to choose the right location and business property to rent or buy

One of the biggest issues for any business is cash flow. Whether it s a new business or a well established one, there will always be costs most notably staffing and rent. Staffing costs are a matter for another post, in this post we want to drum down and look at how to choose the right office building for you. Austin Texas is currently a hot bed of business activity and growth. As a consequence  Austin office space for rent  is at a premium, but that doesn’t mean you should be rushed into renting a property. While an office and its location may not be quite as crucial to your long term business as a retail outlet, it is still important to be central, and be in an area where staff will want to work. Should you ever need to bring a client back to your office for a proper business meeting you also want the office to look presentable and provide a good impression of the company. Here are a few other things you might want to consider – Cost As was mentioned above, the rental cost of your office could end up being one of your highest overheads, so it is important to ensure that you get a great deal at the start of your lease. Do some research and find out the comparative prices of other properties. Don’t get obsessed with one specific property and lose control of the financial aspect. When all is said and done, this is simply a base for your business and you don’t want it to become an anchor around your neck. Telecommunications In this day and age, there are  very few businesses that don’t need to be on the Internet. It is therefore really important that you check the location for internet speed and reliability, as well as cell phone signal strength. It would be a disaster to move into an office, only to find your cell phone had no reception. Transport Links This will be more relevant in certain areas than others, but for the purposes of recruiting and retaining staff, it is certainly worthy of consideration. Even if public transport is not an option, are there sufficient parking spaces for the office, and will your staff feel safe coming to and from work. Find A Great Commercial Real Estate Broker Perhaps the most important decision of all is to find yourself a good commercial real estate agent. The role of any good agent should be to ensure you find the property that best suits your requirements. Spend time discussing what you need and ensure that the agent fully understands your requirements. If they continue to send you to look at offices that don’t suit your requirements, then it is probably better to cut your losses and find another agent. Remember you are the client, you are the one spending the money, and you deserve the best service possible.
May 16, 2016

Andrea Allan 254 Lyons Plains Rd. Weston, CT.

I have a file 2″ thick of everytime I called PHH Mortgage Mt. Laurel NJ during a 9 month period.  Finally fed up, frustrated and going through all my savings at the same time, and facing my business doing half the business it used to.  I wrote PHH Mortgage and Fannie Mae a letter letting them know that enough was enough and i C.C’d TV Channels, DIane Feinstein, Howard Berman, Bernark Franke, Joe Bide, and Obama. Three Hours later i received a call that i now miracusily Qualified for a Home Modification.  Only to find out in 4 months that it was an illegal Home loan Modification because it didn’t include my house taxes.  Phh Paid my house taxes and forced me into a foreclosure. I’ve lost my business, my home, and am in debt.  Also PHH sent in negative 9 times to Experian , Trans Union, Equifax during the time I was waiting for PHH to evaluate my financials before the modification.  Let’s not forget the misleading rumor that spread like wild fire , that in order to qualify for a home loan modifcation you had to be 3 months in default.  I’ve sent my letters with copies of my modification before giving up my home to FDIC, Securities & Exchange Commission, Diane Feinstein, Barbara Boxer, and a multitude of other government departments.  I received letters from most that “THEY have no Juristican over Mortgage Servicers. But what about Fannie Mae who owns my home, and was bailed out by our GOVERNMENT shouldn’t they be employing a company that is “PRO-Public”.  In September of 2008 my fico score was 801 I had no debt. my business was booming. 10 days after closing escrow the stock market TANKED, it shook up the people and my business starting to drop. Shamethebanks.org, and all the negative blog sites dedicated to people writing in their horror stories is great,  but we now have to take it to the next level.  We need to have an email revolution, by reaching out to everyone on these blogs, orgs, and send it into every government/ TV media/ Newspapers and magazines.  Until we bring the banking industry to court and limit their lobbyists, limit how much power they have.  Because they’re controlling our economy and erasing middle class.  They’ve pulled off the biggest Ponzi scheme, making Bernie Maddof look like a cartoon character.
May 16, 2016

Rocky & Brenda C. Cave Creek Arizona

Where do we begin? Last month marked two years of attempting to work out some type of loan modification with Capital One, NA. We are one of thousands of homeowners who are now dealing with them by default since they acquired our loan from Chevy Chase Bank for pennies on the dollar when Chevy Chase Bank went under. We bought our home (a very dated fixer-upper) in Cave Creek Arizona six years ago with a cash down payment of just over $100,000. It was every penny we had because this was to be the last home we ever bought; we’ve had no intentions of ever moving again. Purchase price was $499,000 and financing the other $399,000 was more than affordable with our income at the time. In fact, our income at the time was on the modest side. The market here didn’t peak til two years later, with values of similar properties going upwards of 700k. We thought it was ridiculous then and were so relieved we bought ‘at a good time.’ While we did ultimately borrow against an amount less than our cash down payment (so we have a HELOC), we never even considered taking advantage of what we thought were inflated values the first two years. All we cared about was fixing our place up. The garage was/is unfinished, the kitchen is ripped out (has been for five years) – the cabinets were moldy. We ripped out the nasty carpeting that made the entire place reek. The roof still needs to be replaced (it leaks); the entire lot needs more fill as it floods when it rains. We had to replace the 20 year old inefficient AC unit, as anyone who has ever lived in or visited Phoenix in the Summer knows it’s like trying to breathe in a 400 degree oven. The water heater imploded and flooded our living room (which used to be the garage), it was not to code when we bought (and no, we did not know this). We’ve spent a small fortune on plumbing and electrical work, but most of our fixing and updating thus far has been our own sweat equity. Cleaning til our fingers bled. Still needs a lot of work but it’s clean, doesn’t smell, and is very comfortable for us, even with our college dorm style kitchen. We are and have always been very simple people. We are in our early 40’s, college-educated, hard working professionals and seasoned homeowners who have always maintained a lifetime of flawless credit. Outside of our first mortgage payment to Capital One, we continue to maintain flawless credit. We have always been current on our HELOC, we have only two credit cards that are almost paid off, we own our vehicles outright (of course one has 200k miles and the other has almost 400k miles and they are not the most gas efficient, but they are safe and well maintained). Both American made – GMC and Ford! We don’t spend money on traveling, clothes or going out to eat (except the occasional Papa Murphy’s take out – and that is only when we have a coupon), our cell phones we’ve had for over four years now (much to the dismay of our teenager who just started high school). Like most kids today, they are learning Economics 101 through baptism by fire. We know the ‘flawless credit outside of first mortgage payment’ is pervading America and it tells a very different story about one’s sense of responsibility and credit worthiness. That really should have its own new credit rating! Keeping food, water, and electricity going above all else is called survival. Even though our income didn’t allow it, we stayed current with Capital One through most of 2009 by depleting our reserves and even borrowing against some of that cash down payment (this is with a different bank by the way – USAA, one of the few in this country that is not corrupt). When there was no more, we stopped making payments to Capital One, and have refused to use credit cards (yes we still have credit lines) to reinstate the loan or for anything else. Looking back at those conversations, I guess it’s no surprise a bank known for credit cards was pushing us to use them. When we stopped making payments they started being more responsive. Mind you, we went from February 2009 to October 2009 pleading for help but staying current, and telling them over and over again our income was greatly reduced. Starting in January 2010 we were on one of those ‘extend and pretend’ HAMP trials and made payments until we were declined in April 2010. It has been a battle ever since, most of our attempts to work something out being ignored or like everyone says, just going nowhere. Our ‘file’ is now about five inches thick. We have very dutifully documented the last two years of phone calls, emails, faxes and FedEx packages of paperwork submitted and resubmitted numerous times with six months of bank statements and tax returns each time. Will it ever end? It’s been another full time job just to manage this process, and like everyone else, we are tired of it. We knew to be suspicious late last year when Capital One had a sudden seeming willingness to work something out. The result of that was an individual modification with a new forty-year term and a payment amount equal to nearly 37% of our monthly gross income of the last two years. Not only were they asking us to pay out over $818,000 over the life of this new loan, they attached two outrageous conditions over this new 40 year term. One, getting permission from them to ever sell in the future (why this unless they’re up to something?) and two, if we signed we were knowingly acknowledging Capital One’s right to still foreclose on us at anytime in the future. Our current property value today in March 2011 is about $240,000 and it still needs about 100k in work. Between the down-payment and payments we’ve actually paid out over $230,000 in six years. Even if we agreed to the new payment (hoping/praying our income is going up a little and stabilizing) and a new forty year term, there’s no way we would have signed on with their two preposterous enslavement conditions. Definitely not the second one, although if they had done something like a principal reduction, perhaps the first one (getting permission from them to sell), may be arguably justified. But it still begs the question of why unless they are up to something. Well, now we know that everything we described in the immediate two aforementioned paragraphs they were up to something because it amounts to a feigned good faith effort. How do we know this? Because we have been talking to one of their loss mitigation department employees. In our case, everything until that point was clearly demonstrating lack of good faith effort. They had to create documentation and a paper trial to show otherwise, but it was all by design to lead us on the path to short sale, and if we were foolish enough to sign on their offer, it was designed for us to fail so they will ultimately get our house anyway – whether thru a short sale or foreclosure. Capital One acquired our Chevy Chase Bank home loan (and thousands of other home loans from this and other banks who went under) by default, for pennies on the dollar. They want to flip these homes for cash – today. They do not want to help the homeowner, and they only prefer short sale over foreclosure because it costs them less. All by design to delay, decline, and then ‘rescue’ the homeowner with a short sale option, since after all, it will be better on your credit. They even incent their employees to get the homeowner to agree to a short sale – holding contests for big screen TV’s and Best Buy gift cards. If they truly wanted to help us (or any other homeowner), they would follow their own payment guidelines and look at all available options for the homeowner. And they certainly wouldn’t be attaching preposterous enslavement conditions to a new 40 year loan term. Thanks to individuals who care about justice and exposing Truth above all else, now we have proof that Capital One actually trains their loss mitigation department employees to feign a good faith effort to work out modifications for homeowners. Not only that, we have learned and are continuing to learn from our own case and others around the country, they are guilty of misrepresentation, forging documents, notary fraud, foreclosing without proper chain of title, erasing homeowner contact records so as to pretend efforts to work with homeowner have gone unanswered, etc. They even hired someone with a criminal background to work in their loss mitigation department. If your ‘file’ has been in their loss mitigation department during the last couple of years, this person has had access to your (and your spouses) name, address, date of birth, social security number, tax records, etc. How does this happen at a bank? It’s outrageous, like who needs to worry about identify theft on top of everything else?! As we seek legal counsel (we’re pleading for Terry Goddard’s help – he only stepped down from his AG post to run for Governor), we’re pursing a forensic loan audit and uniting forces with other homeowners battling Capital One. We have filed complaints with the OCC (we urge everyone to do the same if they have not already done so) and the Arizona Attorney General’s Office. We have other letters drafted and prepared to send to Capital One and intend to cc other interested parties. We will post updates as we have them and welcome contact and a full vetting from any other homeowner or their attorney who is fighting Capital One. Thank you for creating this web site so that we may share our story. We wish for everyone to keep fighting the good fight! Have faith, trust and patience, because in the end, we will all persevere one way or another. The great thing about Truth is it always has a way of becoming known.
May 16, 2016

Joy Carter Minor, Moss Point, MS

My daughter’s college tuition and a reduction in work hours caused me to become 30 – 60 days past due on my mortgage payments to Nationstar Mortgage (Texas) in 2010. I allowed relatives to move into my home, while I accepted employment out of state. The relatives moved out in October 2010. I had the house professionally cleaned. One bedroom was left furnished and I return to my home every other weekend. Early January 2011, I received a call that my home was being entered by people without my permission. The sheriffs office investigated and was told the home was being foreclosed. I immediately called Nationstar Mortgage. I was told I was 47 days past due and I had abandoned the property. Of course I was outraged, but scheduled a payment for the next week. My relatives inspected the property in my absence to confirm that the lock boxes had been removed. The following week, Nationstar Mortgage contracted a company to winterize the home. They removed the remaining furniture, disconnected the well plumping supply to the house, and shut power to all major appliances. I am devastated the home was left unlivable and the mortgage payment is current. Nationstar never foreclosed on the home and did not have a court order to enter the property. The motor to the well pump was burned up due to incorrect disconnection and there is no water to the home. I have no idea what I can do to this illegal invasion of my home.
May 16, 2016

Todd Wetzelberger, Baltimore Maryland

This is a good story, and I hope entertaining and educational at the same time. I investigage foreclosure and mortgage servicing fraud and as a result have been targeted by the “just us” system, crooked courts, judges, attorney, etc, etc. Anyone who has tangled in court knows the same old story. The difference is that I’m lucky enough to have taken to exposing this fraud like a duck in water.  Because of the skill I have, I’ve been targeted in an attempt to silence me, intimidate and threaten me and my family and try to reduce me to living under a bridge where I won’t be a threat to exposing the crimes of all the usual suspects (servicer posing as “creditor”, crooked attorney with no first hand knowledge, crooked judge covering for his crooked attorney because the attorney probably has a picture of the judge in a closet with a donkey wearing a blue dress,,,). One crooked attorney already had his crooked judge buddy swear out a void, fraudulent body attachment for “contempt” on the EXACT same day that the judge and sheriff received the Notice of Felony Crime I sent to the court exposing the crimes the attorney committed. When that tactic didn’t work and I counterclaimed the crooked attorney Marc Donaty, Esq and his co-conspirators (in common law) the crook amazingly went silent. He didn’t say a word. He just had the judge fix the counterclaim after the clerk signed the no answer default judgment in my favor. See my handiwork here. http://www.scribd.com/doc/47202659/Counterclaim-Fraud-Abuse-of-Process-Final I’m just getting warmed up with Marc Donaty, the Baltimore County Sheriff’s Department and the judges who violated a ridiculous number of both state and federal laws including kidnapping, false arrest, extortion, mail fraud, RICO, etc. As usually the state prosecutor Jim Cabezas failed to investigate claiming “not enough resources”, the MD Bar Grievance Commission investigator Fletcher Thompson, swept the crimes of Donaty et al under the carpet, and the Baltimore County Sheriff’s Department treated me like I was the criminal. I remember Lt Kelly getting hostile with me on the phone, stating “there’s no crime” when I asked him what he was going to do about the crimes I reported. I said “come again, would you repeat what you just said for the record?” Kelly backpedaled and said “the sheriff’s department doesn’t investigate crimes, you need to report it to the County Police dept. That’s all  you need to know… Click” phone went dead. The funny thing is the sheriff and all his little minions have sworn an oath to protect you and me from crimes and have a duty when a crime is reported under Title 18 Sec 4 Misprison of Felony, to either investigate or report the crime to the proper authorities. The Baltimore Counth Sheriff J. Ray Fisher did neither other than falsely arrest me and my wife in front of my 3yr old daughter. The sheriff’s deputies said when they were at my house, “if you can’t find someone to watch your children, we will call social services to take them…”  Any parent right now is probably hanging from the ceiling by their fingernails. I can’t tell you the restraint I practiced that day, when I calmly told the sheriff’s deputies, “you are an unwitting accomplice to kidnapping, false arrest, violation of my civil rights, etc” I got the “I’m just doin my job” from Deputy Dawg and his sidekick. They of course lied and said “just bring your paperwork, we’re sure this is a mistake and you will be out of there in a hour..” That was a lie. My wife and I were paraded in front of an indifferent judge in handcuffs and leg irons. My wife is about 5’3″, works with multi-handicapped kids at the MD School For the Blind, and thought she was in a really bad dream.  See the complaint to the State Prosecutor here that was ignored. http://www.scribd.com/doc/51590079/Complaint-Against-Marc-R-Donaty-Esq-to-State-Prosecutor You’re probably wondering “How does this apply to foreclosure fraud, and more importantly how does it apply to me ?” The answer is, it has everything to do with you and foreclosure fraud, especially if you decide to put your helmet on and fight back. You must understand the courts are totally corrupted and former US Supreme Court Justice Sandra Day O’Connor is traveling the country to try to change the current system of elected state court judges to a merit based appointment system because she knows the entire system is broken beyond repair. Watch this short “What I Learned as a Legal Intern to get up to speed. http://www.xtranormal.com/watch/11316911/So%20what%20have%20you%20learned%20as%20a%20legal%20intern%253F%EF%BB%BF%EF%BB%BF My background as a real estate investor/ developer has afforded me a perspective the average homeowner doesn’t have. Our $3mil historic redevelopment business was literally wiped out overnight when hurricane Katrina hit New Orleans in late 2005. It took over 2 1/2 years (and several attorneys, engineers and public adjusters) to get all the insurance claims paid on all the damaged properties because the crooked insurance companies refused to pay claims on properties that say underwater for over 3 weeks after the levees broke in New Orleans. We burned through over $250,000 in cash servicing the debt (paying mortgages) on vacant damaged properties because the banks didn’t care that we didn’t get the insurance money to renovate the properties to sell or rent. When the cash ran out we did our own loan mods on residential and commercial properties. Others came to me for help and I negotiated for them until I figured out a few years ago what a crooked racket the “loan mod” scam was on the part of the banks. I won’t go into that because everyone reading should know banks make more money foreclosing on “loans” they never made than they do modifying.  Then they can get the next sucker to “sign” a new note for the “sweet deal” they bought and sell that note for anywhere from 5 to 30 times the face amount, launder their ill gotten profits on the back of the last “deadbeat” homeowner who “couldn’t pay his bills” and repeat the cycle indefinitely. Even as a real estate investor/ developer with an MBA I was as clueless as everyone else. When I found out the racket the banks were running, I put my helmet on and spent at least 5,000 hours over the past few years figuring out how the scam works. I’m now an “expert” as some would say. I think I’m just lucky to have been led through a series of steps to this point for a reason. When I started litigating myself (due to the lack of any competent attorneys who wouldn’t throw me under the bus at the first sign of trouble) I quickly learned the extreme bias against anyone who doesn’t pay the extortion payment to an attorney to “represent” you in court. I hope all of you know that an attorney’s first duty as an officer of the court is to the court NOT their client. That keeps the attorneys in check and the “uppity” ones lie April Charney and the handful of attorneys that have the guts to push back are usually admonished, threatened or fined to “keep them in their place”. Personally, I’ll take the bias against “pro se” litigants any day over the chains of being a “ward of the court” and “represented”  That’s not to say I don’t have counsel, mentors, and some of the best brains in the country (attorneys and non-attorneys) on my team. One of whom who has “been to the show” (US Supreme Court). As I said, I’m lucky in that my mind thrives on this game (a high stakes game, but a game nonetheless) and I’ve learned to beat these criminals at their own game. Being a former deep sea diver in the Gulf of Mexico, I’ve had my share of times when I thought I was “all done” at least a half dozen times.  The benefit of those experiences is that I don’t scare easily, and in my world every day above ground is a good day. I think the sheriff showing up was a good test and I believe that is why they are working so fast to cover up the cases I’m personally involved in to bury the fraud as quickly as possible because I wasn’t scared into backing off. I exposed the fraud of both M&T Bank on our home in MD and Countrywide/ BofA on our home in New Orleans long before they filed any foreclosure suits. Since I help others expose the fraud, my cases come last (like the mechanic and his car). As luck would have it, I got Thomas P. Dore on the stand in the MD case to admit he had NO first hand knowledge of ANY facts in the case. See the testimony here. http://www.scribd.com/doc/51344314/Sworn-Testimony-of-Thomas-P-Dore-Admitting-No-First-Hand-Knowledge Use this testimony via Judicial Notice in all your cases and get this to your attorney (if you are using one) to show a pattern of fraud. We all know that in 99.99% of foreclosure cases, NO attorney has any first hand knowledge of ANY facts, therefore they can’t give testimony and affidavits are inadmissible under the hearsay rules. This is basic litigation 101. You combine that with the fact the the plaintiff is NOT the real party in interest, the court never had subject matter jurisdiction and virtually EVERY fraudulent foreclosure case should be dismissed as an operation of law. For those guv-ment agents monitoring my communications (I know you’re out there) legal education is NOT legal advice. For all of you helping yourself and helping others see what the FTC/ DOJ and WI Supreme Court have to say about non- laywers helping others.  Someone with half a brain knows the public interest is truly served by allowing non-attorneys to offer education and NOT advice. http://www.scribd.com/doc/51591977/Federal-Trade-Commission-and-DOJ-Position-on-Unlicensed-Practice-of-Law http://www.scribd.com/doc/51592561/WI-Supreme-Court-Definition-of-Unlicensed-Practice-of-Law-2011 David Stern was taken down by all of you standing up and collectively letting public “servants” know that they still serve the public. I’m methodically going about taking apart Thomas P. Dore et al peice by piece since he is the equivalent of David Stern in MD. I have a duty to make sure I put a stop to the fraud he has perpetrated on myself and thousands of other homeowners who are not equipped to protect themselves against these criminals. I’ll post a lot more on Scribd (they have great search engine optimization) and will expose the fraud for the public to see and in turn use in their court cases as well, if nothing else to put the crooked judges and foreclosure attorneys on notice that you are not going to let these crooks get away with their crimes. hang tough, it’s worth the fight. You will get an incredible education and hopefully help others learn to protect themselves as well.  Share these links/ tools with as many others as you can.
May 16, 2016

Salem, MA HOA sued me over $140 in late fees; put lein on condo; threaten to foreclose

After living in this Salem condo for 13 yrs, never running more than 2 mos late with monthly dues, and paying almost $10,000 for a special assessment, the trustees of the Hamlet charged ahead with a frivolous lawsuit against me, claiming I owed them $140 in late fees, PLUS an extra $5000 it cost them to engage their lawyer in this ridiculous action. Despite my numerous letters, emails to all of the board members, the property manager (Crowninshield), the owner of the property management firm, they ignored everything in their aggressive pursuit of injustice.  Every state legislator I contacted, the AG office, the BBB, our state reps, the mayor of Salem, realtors I contacted,  all agreed this was ridiculous action on the part of an out of control board of trustees, nobody had heard of such a thing, and since there are NO STATE LAWS TO PROTECT CONDO OWNERS IN MASSACHUSETTS,  basically HOAs have unlimited power to do whatever they want whether illegal, immoral, unethical AND NOT BE HELD ACCOUNTABLE FOR THEIR ACTIONS! They all advised me to get a lawyer, go before a judge so that justice would be served.  Unfortunately, the judge hearing my case wasn’t paying attention to my lawyer’s legal citations, was visibly enamoured by the HOA’s lawyer,  and  ruled 100% in favor of the HOA, which included claiming I owed 3 months of  condo fees (I OWED ZERO CONDO FEES, WAS TOTALLY CURRENT), along with the $140 late fee, plus another $5000 plus for the HOA’s attorney to pursue this frivolous lawsuit. He granted them permission to place a lein on my condo and pursue foreclosure action to “collect their debt”. After owning 4 previous homes, this was my first, and will be my last, condo. With all the foreclosure and financial ruin insanity being caused by the banks, condo owners must be made aware that unethical, out of control, power hungry HOAs have the same power to destroy lives, their towns, their states, ultimately the country, and get away with it.
May 16, 2016

Ron J. Tempe AZ

I bought this house in Tempe AZ on Aug 1, 1995 for $105,000 at a fixed rate of 9%. Payoff time was 22 years. When I purchased the home there was a second mortgage on the property and that payment was around$200.00 on top of the first which was $825.00. I paid off the second which left me the $825.00 fixed rate payment. Around 1999 I had met this friend of a friend who was working at a car dealership in Phoenix AZ as a loan specialist who got a few of my family and friends approved for auto loans. He then went to work for a mortgage company in Phoenix as well. He kinda became a good friend and when he asked me run a credit card thru my business for a cash advance I went ahead and did it. this was after he got my mortgage refinanced at the company he was working for. When he first asked me about my interest rate and I told him I had a fixed at 9%. He told me he could do better and lower my payment plus get me some extra cash out of this whole deal. I told him that I wanted a fixed rate as well and the same pay off period of the original loan which would have been 2017. Well after I signed I found out that the rate was still at 9% and my mortgage had turned into a adjustable rate. I felt deceived by this whole matter but didn’t really felt that since I already signed that I couldn’t do anything about it. Well in the meantime about me running a credit card for him. It turned out that the card was his father in law who disputed it and I ended taken the loss of $2000,00 because of it. I did sue him in small claims court here in Tempe AZ and won the judgement but was never able to collect a dime from him because I was never able to find him. Anyway I continued to pay thru this new company which turned into another company and for a while I was sending payments to different companies. My payment had jumped to$1100.00 for a while but I still paid it and was never late from 1995 to around 2009. In 2009 I started to have difficulty in paying my mortgage as being a self employed artist and with the economy getting worse and worse I fell behind. I went into foreclosure in 2010 but was able to get a loan from a friend and got reinstated in August 2010which included paying some substantial attorney and late fees.. At that time after reinstatement a employee at GMAC which took over my mortgage told me that I did not have to make my first payment until Dec 2011 but later I found out it was Dec 2010. In the meantime I had rented the house out and after 5 months had to sue the renters to get them evicted because of non payment of rent. I found that I was actually about 11 months behind and was scheduled for foreclosure on Oct, 27 2011. The day of foreclosure I filed for Ch 7bankruptcy which was finally discharged on March 4 2012. I tried numerous times before Oct 2011 to get GMAC to work out a deal but they wanted the whole amount to stop the foreclosure which was about $13,000 and that is why I filed for bankruptcy. Well they have re-instigated the fore closure which now is set for June 22, 2012. I requested a show me the note letter and they sent me a copy of the 1999 sale which the so called friend did. In the meantime I found out that guy was indicted for grand theft for something he did at the mortgage company he worked for. He and another guy were sent to prison. The reason I brought him up was I have feeling that something might not be right with the current loan that GMAC now is servicing. And that is where I am at. I have contacted GMAC and they want me to send info for a loan modification but I don’t think they would approve me anyway. I do have equity in this house about $70,000 but that is also in question as the payoff amount does not match what I think it should be. I think I presented everything. So if there is anything that can be done please let me know.
May 16, 2016

Idaho Foreclosure Laws Show Details

Quick Facts –  Judicial Foreclosure Available: No –  Non-Judicial Foreclosure Available: Yes –  Primary Security Instruments: Deed of Trust –  Timeline: Typically 150 days –  Right of Redemption: Yes –  Deficiency Judgments Allowed: Yes In Idaho, lenders may foreclose on deeds of trusts in default using the non-judicial foreclosure process. Non-Judicial Foreclosure The non-judicial process of foreclosure is used when a power of sale clause exists in a mortgage or deed of trust. A “power of sale” clause is the clause in a deed of trust or mortgage, in which the borrower pre-authorizes the sale of property to pay off the balance on a loan in the event of the their default. In deeds of trust or mortgages where a power of sale exists, the power given to the lender to sell the property may be executed by the lender or their representative, typically referred to as the trustee. Regulations for this type of foreclosure process are outlined below in the “Power of Sale Foreclosure Guidelines”. Power of Sale Foreclosure Guidelines If the deed of trust or mortgage contains a power of sale clause and specifies the time, place and terms of sale, then the specified procedure must be followed. Otherwise, the non-judicial power of sale foreclosure is carried out as follows: The notice of sale must be recorded in the county where the property is located and given to the borrower and the occupants of the property (if not the borrower) at least one hundred twenty (120) days before the date of the sale. The notice must be published in the newspapers in the county where the property is located at least once a week for four (4) consecutive weeks. The final ad must be run not less than thirty (30) days in advance of the foreclosure. The published notice must contact a legal description of the property, its street address and the name and phone number of someone who can give directions. Said notice must describe the nature of the default, a legal description of the property, as well its street address, the lender’s name, the date, time, and place of the sale, and the name and phone number of the person conducting the sale. The foreclosure sale must take place on the date, at the time and at the place specified in the notice. However, the sale may be postponed and held at a new time and place, so long as it is within thirty (30) days of the originally scheduled sale. If the property consists of more than twenty (20) acres, the buyer has a period of one (1) year to redeem said property. If it is less than twenty (20) acres, the period of time is lessened to six months. Click here for more information on Idaho foreclosure laws. Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes Yes 150 Days 45 Days 365 Days Trustee Trustee Foreclosure Sales are more common Pre-foreclosure Period A foreclosure in Idaho begins when the lender mails a notice of default to the borrower. The notice must also be sent to any person who has requested notice. The borrower has at least 115 days to resolve the default and stop the foreclosure process by paying the lender the full amount due, including costs. In some instances, the lender may allow the borrower to stop the foreclosure up to the public sale date. The lender also files a notice of default with the county recorder. After the notice of default is recorded, the lender can schedule and advertise the foreclosure sale. Notice of Sale / Auction At least 120 days before the sale date, a notice of sale is mailed to the borrower. The notice includes the trustee, lender, and borrower names; a description of the property; default information; the amount owed; and the date, time and location of the sale. The lender also publishes the notice of sale in a local newspaper once a week for four weeks, and the final publication has to be at least 30 days before the sale date. The trustee’s attorney conducts the sale. The trustee may postpone the sale up to 30 days by public announcement at the originally scheduled sale. The trustee may also reschedule the sale, in which case a new notice of sale must be published and sent to the parties involved again. The trustee sale is at the date, time and place designated in the notice of sale or rescheduled sale (usually between 9:00 a.m. and 4:00 p.m.). Any person may bid, and the trustee transfers ownership of the property to the winning bidder after receiving full payment. The winning bidder is entitled to possession of the property 10 days after the sale. Idaho foreclosures conducted out of court do not provide redemption rights for the borrower after the sale.
May 16, 2016

Hawaii Foreclosure Laws

Quick Facts –  Judicial Foreclosure Available: Yes –  Non-Judicial Foreclosure Available: Yes –  Primary Security Instruments: Deed of Trust, Mortgage –  Timeline: Typically 60 days –  Right of Redemption: None –  Deficiency Judgments Allowed: Yes In Hawaii, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. Judicial Foreclosure The judicial process of foreclosure, which involves filing a lawsuit to obtain a court order to foreclose, is used when no power of sale is present in the mortgage or deed of trust. Generally, after the court declares a foreclosure, the property will be auctioned off to the highest bidder. Non-Judicial Foreclosure The non-judicial process of foreclosure is used when a power of sale clause exists in a mortgage or deed of trust. A “power of sale” clause is the clause in a deed of trust or mortgage, in which the borrower pre-authorizes the sale of property to pay off the balance on a loan in the event of the their default. In deeds of trust or mortgages where a power of sale exists, the power given to the lender to sell the property may be executed by the lender or their representative, typically referred to as the trustee. Regulations for this type of foreclosure process are outlined below in the “Power of Sale Foreclosure Guidelines”. Power of Sale Foreclosure Guidelines If the deed of trust or mortgage contains a power of sale clause and specifies the time, place and terms of sale, then the specified procedure must be followed. Otherwise, the non-judicial power of sale foreclosure is carried out as follows: The notice of intent to foreclose must be published once a week for three (3) successive weeks, the last publication to be not less than fourteen (14) days before the day of sale, in a newspaper having a general circulation in the county in which the mortgaged property is located.Copies of the notice must be mailed or delivered to the mortgagor, the borrower, any prior or junior creditors, the state director of taxation and any other person entitled to receive notice. Additionally, the notice must be posted on the premises not less than twenty-one (21) days before the day of sale.Said notice must state: 1) The date, time, and place of the public sale; 2) The dates and times of the two (2) open houses of the mortgaged property, or if there will not to be any open houses, the public notice shall so state; 3) The unpaid balance of the moneys owed to the mortgagee under the mortgage agreement; 4) A description of the mortgaged property, including the address or description of the location of the mortgaged property, and the tax map key number of the mortgaged property; 5) The name of the mortgagor and the borrower; 6) the name of the lender; 7) The name of any prior or junior creditors having a recorded lien on the mortgaged property before the recordation of the notice of default; 8) The name, the address in the State, and the telephone number in the State of the person in the State conducting the public sale; and 9) The terms and conditions of the public sale.Additional wording, as required by the State of Hawaii, may be found here. Up until three (3) days before the sale, the borrower may cure the default and stop the sale by paying the lien debt, costs and reasonable attorney’s fees, unless otherwise agreed to between the lender and the borrower. The sale, which may be held no earlier than fourteen (14) days after the last ad is published, is to be made at auction to the highest bidder. Any sale, in which notice has been given, may be postponed from time to time by public announcement made by the lender or their representative. There are no rights of redemption in Hawaii. More information on Hawaii foreclosure laws Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes Yes 195 Days 90 Days None Trustee Both kinds of Foreclosures are used equally Pre-foreclosure Period Hawaii allows out-of-court foreclosure. It must be in accordance with a sale clause contained in the mortgage, which may require the lender to notify the borrower of any default on the loan before starting the foreclosure process. A court foreclosure begins when the lender files the appropriate documents with the court asking the court to rule that the borrower is in default. The lender also delivers notice of the court filing to the borrower, or publishes the notice if they have trouble contacting the borrower. If the borrower does not respond to the court filings within 20 days, they are found in default and the lender can proceed with scheduling the foreclosure sale. The borrower may file a notice of appeal within 30 days after the court has declared them in default. Up to three days prior to the sale, the borrower may cure the default and halt the sale by paying the debt and associated costs. Notice Of Sale / Auction For out-of-court foreclosures, the notice of foreclosure sale includes a description of the property, the terms of the sale, names of the parties involved, and the time and location of the sale. At least 21 days prior to the sale, the copy of the notice is posted on the property and mailed or delivered to the borrower. The lender publishes the notice of sale in a local newspaper once per week for three consecutive weeks, with the last publication at least 14 days before the day of sale. The sale is an auction where the highest bidder buys the property. The auction can be rescheduled, but the notices of sale must be resent and republished. For court foreclosures, a commissioner is appointed to sell the property at public auction. The commissioner publishes the notice of sale in a local paper. The notice includes the auction date and open house dates, if any. Any party may bid at the auction and the winning bidder will be required to pay 10 percent of the bid in the form of cash or a cashier’s check. The highest bidder does not automatically get the property, as additional bidding may continue at a confirmation hearing. If the court finds the price fair, the sale is confirmed. Hawaii offers no redemption rights for the borrower after the sale is confirmed. STATE OF HAWAII GOVERNMENT RESOURCES: Hawaii Department of Attorney General David M. Louie Hawaii Department of Budget & Finance Hawaii Department of Business, Economic Development & Tourism Director, Richard C. Lim Hawaii Department of Commerce & Consumer Affairs Hawaii Department of Financial Institutions Hawaii Department of Human Resource Development Hawaii Department of Human Services Director, Patricia McManaman Hawaii Department of Insurance Insurance Commissioner, Gordon I. Ito Hawaii Department of Labor & Industrial Relations Director, Dwight Takamine Hawaii Department of Public Safety Interim Director, Ted Sakai Hawaii Office of the Auditor Marion M. Higa, State Auditor Hawaii Office of the Governor Neil Abercrombie Hawaii Office of the Lt. Governor Brian Schatz Hawaii State House of Representatives Speaker, Calvin Say Legislative Bill Search Representative Contact List Hawaii State Judiciary Hawaii State Legislature – Senate President, Shan Tsutsui Senator Contact List Office of Hawaiian Affairs Public Phone Directory – New York State Government Listings STATE OF HAWAII FORECLOSURE RESOURCES: Consumer Credit Counseling Services of Hawaii Department of Attorney General – Bank Mortgage Settlement Department of Attorney General – Foreclosure Assistance Program Department of Commerce & Consumer Affairs Mortgage Foreclosure Dispute Resolution Program Foreclosure Prevention Workshops for Consumers in HI  – Freddie Mac Hawaii Association of Realtors Hawaii Congresswoman Hirono’s Foreclosure Prevention, Modification Scams & Housing Resources Hawaii Foreclosure Law Hawaii Public Housing Authority Hawaii Public Housing Authority Phone Listing Hawaii State Law Library Foreclosure Reference Guide HUD – Avoiding Foreclosure in Hawaii HUD Housing Counseling Agencies located in Hawaii HUD Tenants Rights, Laws & Protections – Hawaii Lawyer’s Committee for Civil Rights – Fair Housing & Lending – Hawaii Foreclosure Prevention Resources Legal Aid Society of Hawaii Neighborworks Hawaii Homeownership Center – Foreclosure Prevention REPORT FRAUD OR SCAMS IN HAWAII: Attorney General – Consumer Complaints Department of Commerce & Consumer Affairs – Consumer Complaints Consumer Dial Information Messages – Answers to Common Consumer & Business Questions Prevent Loan Scams – Hawaii U.S. Consumer Action Website STATE OF HAWAII ADDITIONAL RESOURCES: Register to Vote Vote! – Polling Place Finder STATE OF HAWAII SHORT SALE RESOURCES: ShortSaleCenter.net STATE OF HAWAII COURTS & LAW LIBRARY: Addresses & Phone Numbers for All Courts Administrative Adjudication Administrative Offices of the Courts Circuit Courts District Courts Family Courts Hawaii Land and Tax Appeal Courts Hawaii State Intermediate Court of Appeals Hawaii Supreme Court University of Hawaii William S. Richardson School of Law Library FEDERAL GOVERNMENT RESOURCES: Fannie Mae Loan Look-Up Tool – Find out if your loan is owned by Fannie Mae here. Financial Fraud Enforcement Task Force Freddie Mac Loan Look-Up Tool – Find out if Freddie Mac owns your loan here. Homeowner Crisis Resource Center – Includes tips on avoiding foreclosure. Homeownership Preservation Foundation – Find Credit Counseling here and HERE. Information on the OCC’s Independent Foreclosure Review MyMoney.gov – This site organizes financial education help from over 20 different Federal web sites in one place, including dealing with mortgages. OCC’s Tips for Avoiding Foreclosure Rescue Scams Office of the Comptroller of the Currency – For Complaints Against National Banks Service Members Civil Relief Act – The Act that postpones or suspends certain civil obligations to enable service members to devote their full attention to duty and to relieve stress on their families. The act covers: •       Outstanding credit card debt •       Mortgage payments •       Pending trials •       Taxes •       Termination of lease •       Eviction from housing •       Life insurance protection Get more information at Military.com or at HUD’s National Servicing Center, and here is Information for Veterans from HUD. U.S. Congressional Representative Look-up Tool  
May 16, 2016

Georgia Foreclosure Laws

Quick Facts –  Judicial Foreclosure Available: Yes –  Non-Judicial Foreclosure Available: Yes –  Primary Security Instruments: Deed of Trust, Mortgage –  Timeline: Typically 90 days –  Right of Redemption: Yes –  Deficiency Judgments Allowed: Yes In Georgia, lenders may foreclose on deeds of trusts or mortgages in default using either a judicial or non-judicial foreclosure process. Judicial Foreclosure The judicial process of foreclosure, which involves filing a lawsuit to obtain a court order to foreclose, is used when no power of sale is present in the mortgage or deed of trust. Generally, after the court declares a foreclosure, the property will be auctioned off to the highest bidder. Non-Judicial Foreclosure The non-judicial process of foreclosure is used when a power of sale clause exists in a mortgage or deed of trust. A “power of sale” clause is the clause in a deed of trust or mortgage, in which the borrower pre-authorizes the sale of property to pay off the balance on a loan in the event of the their default. In deeds of trust or mortgages where a power of sale exists, the power given to the lender to sell the property may be executed by the lender or their representative, typically referred to as the trustee. Regulations for this type of foreclosure process are outlined below in the “Power of Sale Foreclosure Guidelines”. Power of Sale Foreclosure Guidelines If the deed of trust or mortgage contains a power of sale clause and specifies the time, place and terms of sale, then the specified procedure must be followed. Otherwise, the non-judicial power of sale foreclosure is carried out as follows: A foreclosure notice must be mailed by certified mail, return receipt requested to the borrower no later than 15 days prior to the date of the foreclosure sale. The time period begins the day the letter is postmarked. The notice must be mailed to the address given to the lender by written notice from the borrower. No waiver or release of the rights to notice is valid if it was signed at the same time as the original documents. The notice must be published in a newspaper of general circulation in the county where the sale will be held once a week for four (4) weeks proceeding the date of the foreclosure sale. The sale must be made by public auction on the first Tuesday of the month between 10:00 am and 4:00 p.m. at the courthouse. Lenders may seek a deficiency judgment in Georgia. More information on Georgia foreclosure laws. Judicial Non-Judicial Process Period Sale Publication Redemption Period Sale/NTS Yes Yes 37 Days 32 Days None Trustee Judicial Foreclosures are not common Pre-foreclosure Period A court foreclosure occurs when there are title problems or the mortgage or trust deed lacks a clause permitting an out-of-court proceeding.  The process begins when a lender files a petition describing the situation, the property, and the default amount. The borrower then receives a 30-day written notice in which the default must be paid to the court. If the default is not resolved, a foreclosure sale is scheduled. The out-of-court process is more common, as most mortgages and trust deeds contain a clause giving a lender the power to sell the property outside of the court system. The lender starts the foreclosure process by scheduling a foreclosure sale. Georgia does not require lenders to warn the borrower before starting the foreclosure process, although the mortgage or deed of trust might demand this. If the mortgage or deed of trust allows, the borrower can stop the foreclosure by paying off the default amount plus applicable costs, but Georgia state law does not automatically give this reinstatement right to the borrower. The borrower can always stop the foreclosure by paying the total loan balance. Notice of Sale / Auction A notice of sale is published once a week for the four weeks before the sale. The notice is also sent to the borrower a minimum of 30 days before the sale date. The notice must include the date, time, and location of the sale; a description of the property; mortgage information; and the lender and borrower names. The foreclosure sale is at the county courthouse on the first Tuesday of the month between 10:00 a.m. and 4:00 p.m.  The winning bidder, if other than the lender, is required to pay the full bid amount to the person conducting the sale immediately following the sale. If a foreclosure sale is cancelled, the foreclosure process starts over again. After court-ordered foreclosure sales, a confirmation hearing is scheduled and the borrower is notified within five days of the hearing.  If the sale price of the property is at least market value of the property, the court confirms the sale. If not, the court may order a new sale. There is no right of redemption for the borrower following a foreclosure sale in Georgia.