Tag Archives: mortgage

Stop Foreclosure, Home Mortgage, Refinance, Loan Restructuring, Pre-Foreclosure, Short Sale Options

Don’t believe the media hype, nor panic. Help and hope is here!

Our mitigation team can stop foreclosure, provide a home mortgage, refinance options, loan restructuring, pre-foreclosure, short sales, re-negotiate the terms of your loan, and intervene to stop your lender from foreclosing on your home.
http://www.homeassure.com/a/2463

Be proactive and get professional help before the wolves steal your home!

With our intervention countless new homeowners are fulfilling their lifelong dream! Others have been spared devastating hardships and peril by obtaining a home mortgage, refinance, stop foreclosure, loan restructuring, pre-foreclosure, short sale options, and debt settlement. Loan modification, reinstatement plans, and forbearance agreements are just some of many options to salvage your savings and home.
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Let us work with you to help you get your next home or stop foreclosure before you lose your most prized asset.

• Reinstatement Plan
• Repayment Plan
• Loan Modification
• Loan Restructuring
• Loan Refinance
• Forbearance Agreement
• Redemptions
• Partial Claim
• Pre-Foreclosure Sale
• Short Sale
• Deed-in-Lieu of Foreclosure

Foreclosure is something that many people think can never happen to them.  The reality is it can happen to anyone and everyone.  
http://www.homeassure.com/a/2463

The global credit crunch combined with Wall Street and Washington incompetence has devastated millions of homeowners just like you. Countless people across the country are suddenly facing an unforseeable foreclosure due to these variables:

Rising Interest Rates
Unemployment
Personal Tragedy
Health Problems
Death of a Family Member

In desperate times, the last thing we need is to lose our homes and potentially break up our families.

We are committed to assisting you with keeping your home.  We will act on your behalf and negotiate with your lender.  Whether your goal is to stay in your home or simply get out of it without going through foreclosure… Let us intervene and provide the assurance you need before predatory lenders seek to remove you from your home.
http://www.homeassure.com/a/2463

If you have credit card debit, you may contact Paul directly should you want him to represent you to help arbitrate and negotiate an advantageous settlement.
RevivingNations@yahoo.com
407-967-7553

All other queries should be directed to our mitigation team to stop foreclosure, provide a home mortgage, refinance options, loan restructuring, pre-foreclosure, short sales, re-negotiate the terms of your loan, and intervene to stop your lender from foreclosing on your home.
http://www.homeassure.com/a/2463

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Paul F. Davis is a worldwide minister, licensed real estate professional, debt arbitrator, global currency trader, and consultant. Paul builds dreams, transcends limitations, and transforms individuals and organizations.

http://www.PaulFDavis.com

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Filed under debtors panic, default, finance, government bailout, home, homeowners, mortgage, real estate, refinance, short sale, stop foreclosure

Mortgage Fraud in Florida – Attorney General suit Largest Mortgage Fraud Case in the United States

[b]For a real estate property appraiser who does not inflate housing prices, turn to Florida’s Mid-State Appraisals for trustworthy, accurate, and timely appraisals with a fast turnaround time.[/b]

http://midstateappraisals.org/

midstateappraisals@earthlink.net

The Florida Attorney General sued 10 companies and 15 individuals for their alleged roles in a major mortgage fraud scheme in September, 2008 precipitating and preceding widespread bankruptcies on Wall Street.

Given the number of defendants, the case may be the largest mortgage fraud case ever filed in the United States. According to the lawsuit filed here in Orlando, the ring obtained more than $37-million in mortgages for at least 60 home purchases and siphoned off more than $6-million of the proceeds for their own use. Approximately 50 of the houses later went into foreclosure.

The particular situation victimized the economy according to Florida’s Attorney General Bill McCollum. The group of white-collar professionals systematically defrauded banks and mortgage lenders, stealing millions for their own personal use and leaving a gaping hole in the system.

According to the St. Petersburg Times, starting in July 2005 and continuing through at least January 2007, three of the ring’s leaders allegedly defrauded lenders by recruiting “straw buyers” with good credit and using them to create false applications to buy homes throughout Central Florida.

Even more astonishing and frightening is the lawsuit, filed by the Attorney General’s Mortgage Fraud Task Force, claims the ring conspired with Realtors to artificially inflate purchase prices, thus enabling them to obtain larger mortgage loans.

Considering this type of fraudulent activity is happening nationwide with realtors, mortgage brokers, and straw buyers collectively conspiring to deceive the banking industry; the American economy could be bankrupted rather quickly without aggressive regulation and enforcement.

Artificially boosting the prices of homes and providing mortgages far more than the actual sales price with the buyer or a third party pocketing the difference is a federal offence. Unfortunately for the American economy, it seems this type of activity has been going on for quite some time.

[b]For a real estate property appraiser who does not inflate housing prices, turn to Florida’s Mid-State Appraisals for trustworthy, accurate, and timely appraisals with a fast turnaround time. [/b]

http://midstateappraisals.org/

midstateappraisals@earthlink.net

The Attorney General’s office said there may be a separate investigation by the state Department of Business and Professional Regulation, which oversees the real estate industry. Thankfully, Attorney General Bill McCollum is aggressively prosecuting the fraud ring. This is precisely the type of aggressive legal intervention Florida and the American economy so desperately need.

Otherwise we would all be better served investing our dollars in a stronger, less volatile currency, with a more stable and regulated banking system such as the Euro or Chinese Yuan. For those with less intestinal fortitude, gold has proven a sure safe haven for centuries during economic decline and times of turbulence.

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[b]Mid-State Appraisals founder Paul Davis has outstanding qualifications:[/b]

– State Certified Residential Real Estate Appraiser (License RD # 2667)

– Licensed Real Estate Broker (License BK # 161133)

– State Certified Building Contractor (License CBC # 040794)

– Over 20 Years of Professional Service to Eustis and Central Florida

– Unparalleled Knowledge and Outstanding Experience

– Efficient, Attentive, and Committed to Clients Needs

[b]Mid-State Appraisals[/b] provides professional services to Lake, Orange, Seminole, Osceola, Sumter, and the Davenport area of Polk County. Midstate Appraisals services are provided by committed professionals, dedicated to quality work, detailed research, and timely completion of assignments. Expect a speedy, accurate, and no hassle appraisal.

All appraisal reports comply with the Uniform Standards of Professional Appraisal Practice (USPAP).

Mid-State Appraisals staff has 20 years combined real estate experience of appraising properties in Eustis and Central Florida. They offer competitive fees, service 6 counties, are approved with nearly all major lenders, use the latest in computer technology, provide fast, consistent turnaround time and are licensed and insured by the State of Florida.

http://www.midstateappraisals.org

midstateappraisals@earthlink.net

[b]Paul Davis[/b] is a trusted and reputable property appraiser frequently called upon by Eustis and Central Florida’s banks, homeowners, and savvy real estate investors to assess property values. A builder for over 20 years and also a real estate broker, Paul Davis brings a wealth of knowledge to the table as an appraiser.

Paul’s company Mid-State Appraisals serves Central Florida (Lake, Orange, Seminole, Osceola, Sumter and Davenport in Polk counties).

Contact Paul Davis and Mid-State Appraisals for your next appraisal:

Office: 352-242-9973

Cell: 352-636-6672

Fax: 352-242-4912

midstateappraisals@earthlink.net

http://www.midstateappraisals.org

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FBI Mortgage Fraud Task Force – Implications for Real Estate Property Appraisers in Florida

The FBI provided insight into the breadth and depth of mortgage fraud crimes perpetrated against the United States and its citizens, Florida being first and foremost on the list. Current mortgage fraud projections, issues, and hot spots in the troubled U.S. economy have enormous implications to the banking industry and real estate property appraisers in particular.

[b]Mid-State Appraisals founder Paul Davis is a trusted and reputable property appraiser[/b] frequently called upon by Central Florida’s banks, homeowners, and real estate investors to assess property values. A builder for over 20 years and also a real estate broker, Paul Davis brings a wealth of knowledge to the table as an appraiser.

http://www.midstateappraisals.org

midstateappraisals@earthlink.net

A combined effort between banks and real estate property appraisers is needed to adequately identify, prevent, report, and thwart mortgage fraud activity. The FBI’s Financial Crimes Criminal Investigative Division (CID) and Financial Crimes Intelligence Unit are aggressively and cooperatively reporting the latest developments and pertinent data to empower the nationwide mortgage fraud task force.

As mortgage fraud crimes escalate, the burden on federal law enforcement increases. With the anticipated upsurge in mortgage fraud cases, the FBI employed additional strategies to proactively address the crime problem. The FBI works with the Department of Justice (DOJ)-Mortgage Fraud Working Group on a number of mortgage fraud related issues, including the creation and finalization of standard loss valuation criteria associated with mortgage fraud violations, and assisting the banking industry with the construction of a centralized repository of mortgage-related documentation.

The valuation criteria and mortgage related documentation is where real estate property appraisers and their appraisals provided lenders are going to increasingly be monitored and regulated in the near future.

Currently the FBI has mortgage fraud working groups or task forces in 32 field divisions across the country. The FBI divisions stationed in Florida are based out of Miami and Tampa. Moreoever the FBI continues to encourage the use of undercover operations as an effective technique to address mortgage fraud.

The recent stock market crashes across global markets have strongly affirmed, mortgage fraud if not dealt with has the potential to cripple the American economy and all foreign economies closely connected to it. Suspicious Activity Reports (SARs) from financial institutions indicate an increase in mortgage fraud. SARs increased 31-percent to 46,717 during Fiscal Year (FY) 2007. The total dollar loss attributed to mortgage fraud is unknown. However, 7 percent of SARs filed during FY 2007 indicated a specific dollar loss, which totaled more than $813 million.

Subprime mortgage issues remain a key factor in influencing mortgage fraud directly and indirectly. The subprime share of outstanding loans has more than a doubled since 2003 putting a greater share of loans at higher risk of failure. Additionally, during 2007 there were more than 2.2 million foreclosure filings reported on approximately 1.29 million properties nationally, up 75 percent from 2006. The declining housing market affects many in the mortgage industry who are paid by commission. The FBI says during declining markets, mortgage fraud perpetrators may take advantage of industry personnel attempting to generate loans to maintain current standards of living.

Many of the key industry personnel often involved are real estate property appraisers valuing the homes and properties prior to bankers signing off on loans.

Data from law enforcement and industry sources identify the states most affected by mortgage fraud during 2007 and indicated that the top 10 mortgage fraud states for 2007 were Florida, Georgia, Michigan, California, Illinois, Ohio, Texas, New York, Colorado, and Minnesota.

The downward trend in the housing market provides an ideal climate for mortgage fraud perpetrators to employ a myriad of schemes suitable to a down market. Several of these schemes have emerged with the potential to spread as the recent rise in foreclosures, depressed housing prices, and decreased demand place pressure on lenders, builders, and home sellers. Emerging and re-emerging schemes for 2007 included builder-bailouts, seller assistance, short sales, foreclosure rescue, and identity thefts exploiting home equity lines of credit.

Fraudulent practices have become dreadfully systemic within the mortgage industry, as unrestrained mortgage fraud has bankrupted some of the best and longtime solid financial institutions. If the FBI fails to quickly regulate, enforce, and imprison fraudulent professionals within the banking and real estate industry, expect to see the dollar tank along with the U.S. economy. After which consumers will only be able to buy gold, Euros, or China’s Yuan to protect their life savings and investments.

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Real estate property appraisers therefore may be the last line of defense to maintain accountability and accuracy before straw buyers succeed in excessively borrowing beyond the market value of a property’s worth and thereby jeopardize the security of loans throughout the banking industry.

Real estate property appraisers must like never before show due diligence when representing their fiduciaries the banks and report to legal authorities any manipulative and coercive attempts by lenders and borrowers to adjust property valuations they sign off on in their appraisal reports.

[b]Mid-State Appraisals founder Paul Davis is a trusted and reputable property appraiser frequently called upon by Central Florida’s banks, homeowners, and real estate investors to assess property values. A builder for over 20 years and also a real estate broker, Paul Davis brings a wealth of knowledge to the table as an appraiser.[/b]

http://www.midstateappraisals.org

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Central Florida Appraisals Property Valuations – Real Estate Appraisal Central Florida

Property appraising historically has taken three approaches:
1. The Cost Approach
2. The Sales Comparison Approach
3. The Income Capitalization Approach

Motivations for acquiring an appraisal are to obtain financing when buying property, determine the appropriate price when selling, to gauge the amount of tax one should pay based on valuation, and as an investor to stay current with market.

Beyond the intangible benefits of material comfort, pride, and security that come from owning real estate is the permanence of land and the attachments thereon. Unlike other assets and investments, land and property tend to appreciate in value, particularly in the state of Florida.

The financial benefits of owning your own home, possessing rental income from investment properties, and capital gains from accrued appreciation over time all make real estate a noteworthy investment be it for family or financial reasons. Nevertheless the speculative nature of anything so commonly owned and so readily emotionally invested in as well give room for fluctuating values based on what the market will bear.

When snow birds and Europeans on vacation in Florida suddenly began buying second homes in the sunshine state, prices began to go up. Years later prices are beginning to level out and decline as the economy slows. Such are factors and variables that effect property values.

Within the residential market, the sales comparison approach is the one most commonly used. This is the approach most counties and municipalities use when assessing home values when it is time to collect property taxes every year. By no means is the use of the cost approach a surprise, considering local governments usually find it increases annually when they collect property taxes.

Knowledgeable homeowners and savvy investors employ property appraisers to help them in the buying, selling, and refinance process as doing so has proven both profitable and prudent.

Paul Davis is Central Florida’s favorite and most reputable property appraiser frequently called upon by banks, homeowners, and savvy real estate investors to assess property values. A builder for over twenty years and also a real estate broker, Paul Davis brings a wealth of knowledge to the table as an appraiser.

Paul’s company Midstate Appraisals serves Central Florida (Lake, Orange, Seminole, Osceola, Sumter and Davenport in Polk counties).

Contact Paul Davis and Midstate Appraisals for your next appraisal:

Office: 325-242-9973

Cell: 352-636-6672

Fax: 352-242-4912

midstateappraisals@earthlink.net

http://www.midstateappraisals.org

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