We had a great group of real estate professionals at the Eastern Panhandle Board of Realtors in Martinsburg, WV this month. Twenty agents and five brokers are now certified as Real Finance Advocates (cRFA).
It's time to get the word out that there are a lot of honest, ethical real estate professionals in the business that are willing to step up and "stand guard for consumers" so that they can avoid getting ripped off by predatory business practices.
Click on the link if you would like to know more about the Real Finance Advocate (cRFA) certification program.
Or email Boyd@realfinancesolutions.com to schedule a conference call.
Wednesday, October 13, 2010
Monday, October 11, 2010
Do You Owe More on Your Home than it Appraises For?
Are you a Victim of Deceptive Predatory Lending Practices?
Is your Value of your home UPSIDE DOWN?
Find out if you may be a Victim of Mortgage Compliance Violations involving Predatory, Deceptive, Discriminatory and Unfair Lending and Servicing Practices.
These Unfair Lending Practices have placed thousands of HOMEOWNERS all over the United States into Non-Affordable Mortgage Programs.
Programs are now available that can perform a "Mortgage Loan Audit " that will identify multiple State and Federal Loan Transaction violations including, but not limited to, the Real Estate Settlement Procedures Act ("RESPA"), the Truth in Lending Act ("TILA"), the Fair Housing Act and the Equal Credit Opportunity Act ("ECOA") including "significant mortgage compliance violations" involving predatory, deceptive, discriminatory and unfair lending and servicing practices.
Your Mortgage Loan Audit gives leverage directly to Homeowners, Investors, and Borrowers that may have been cheated or taken advantage of by Deceptive Mortgage Brokers, Bankers and Lenders.
Homeowners are being victimized all over the country by Predatory Mortgage Lenders and Banks not acting in regulatory compliance, charging excessive loan fees to borrowers, and in many cases utilizing Fraudulent, Abusive, Discriminatory, Deceptive Lending Practices.
If you suspect that you may be a victim, and were placed into a Non-Affordable Mortgage, paid excessive fees or were taken advantage of by your Lender, principal mortgage reduction attorneys and staff will help give you the leverage needed to fight back against the lenders, this leverage will help get you an affordable resolution offer from the lender based on our documented findings.
In many audit cases, the Debt to Income (DTI) ratio on a loan transaction at time of settlement exceeds 50%, making the loan predatory. In most cases it is found that the Loan Originator inflated your income on the Uniform Residential Loan Application (form 1003).
A new underwriting review of your closed loan transaction can be performed based on your actual gross monthly income average for the two year time period prior to the date of settlement to verify your actual DTI; to determine if in fact you were placed into a Non-Affordable Mortgage Payment Program.
Your mortgage documentation will be reviewed and a Qualified Written Request (QWR) of documented findings can be submitted on your behalf to your Lender including an Addendum relating to servicing related criteria.
The Lender will have 20 business days per RESPA to respond to the written request and 60 business days to resolve/settle this matter.
At Real Finance Solutions one of our Missions is to help Protect the "American Dream of Home Ownership". We work with a principal mortgage reduction company that can offer a no obligation, free initial consultation to homeowners.
We welcome the opportunity to talk with you and to discuss how we may assist in getting you an Affordable Resolution.
For a free consultation email support@realfinancesolutions.com or visit http://boyd.rfsconsultant.com/ and complete the Free Consultation Application for a consultant to contact you.
Is your Value of your home UPSIDE DOWN?
Find out if you may be a Victim of Mortgage Compliance Violations involving Predatory, Deceptive, Discriminatory and Unfair Lending and Servicing Practices.
These Unfair Lending Practices have placed thousands of HOMEOWNERS all over the United States into Non-Affordable Mortgage Programs.
Programs are now available that can perform a "Mortgage Loan Audit " that will identify multiple State and Federal Loan Transaction violations including, but not limited to, the Real Estate Settlement Procedures Act ("RESPA"), the Truth in Lending Act ("TILA"), the Fair Housing Act and the Equal Credit Opportunity Act ("ECOA") including "significant mortgage compliance violations" involving predatory, deceptive, discriminatory and unfair lending and servicing practices.
Your Mortgage Loan Audit gives leverage directly to Homeowners, Investors, and Borrowers that may have been cheated or taken advantage of by Deceptive Mortgage Brokers, Bankers and Lenders.
Homeowners are being victimized all over the country by Predatory Mortgage Lenders and Banks not acting in regulatory compliance, charging excessive loan fees to borrowers, and in many cases utilizing Fraudulent, Abusive, Discriminatory, Deceptive Lending Practices.
If you suspect that you may be a victim, and were placed into a Non-Affordable Mortgage, paid excessive fees or were taken advantage of by your Lender, principal mortgage reduction attorneys and staff will help give you the leverage needed to fight back against the lenders, this leverage will help get you an affordable resolution offer from the lender based on our documented findings.
In many audit cases, the Debt to Income (DTI) ratio on a loan transaction at time of settlement exceeds 50%, making the loan predatory. In most cases it is found that the Loan Originator inflated your income on the Uniform Residential Loan Application (form 1003).
A new underwriting review of your closed loan transaction can be performed based on your actual gross monthly income average for the two year time period prior to the date of settlement to verify your actual DTI; to determine if in fact you were placed into a Non-Affordable Mortgage Payment Program.
Your mortgage documentation will be reviewed and a Qualified Written Request (QWR) of documented findings can be submitted on your behalf to your Lender including an Addendum relating to servicing related criteria.
The Lender will have 20 business days per RESPA to respond to the written request and 60 business days to resolve/settle this matter.
At Real Finance Solutions one of our Missions is to help Protect the "American Dream of Home Ownership". We work with a principal mortgage reduction company that can offer a no obligation, free initial consultation to homeowners.
We welcome the opportunity to talk with you and to discuss how we may assist in getting you an Affordable Resolution.
For a free consultation email support@realfinancesolutions.com or visit http://boyd.rfsconsultant.com/ and complete the Free Consultation Application for a consultant to contact you.
Up-front MIP Refund Update
Notice on Up-front Mortgage Insurance Premium Refunds:
Due to the change in up-front mortgage insurance premiums (UFMIP), there may be an opportunity for FHA-to-FHA refinance borrowers to receive cash refunds for unearned MIP premiums that had been financed through their FHA-insured loan. FHA is now reviewing a process to provide the benefit of the unearned MIP to eligible borrowers. FHA will be releasing policy guidance shortly.
Due to the change in up-front mortgage insurance premiums (UFMIP), there may be an opportunity for FHA-to-FHA refinance borrowers to receive cash refunds for unearned MIP premiums that had been financed through their FHA-insured loan. FHA is now reviewing a process to provide the benefit of the unearned MIP to eligible borrowers. FHA will be releasing policy guidance shortly.
Friday, April 30, 2010
Debt Settlement Services
REAL FINANCE SOLUTIONS New Debt Settlement Services
Click on the link below to read about our new partnership with Debt Zero.
Articles
Click on the link below to read about our new partnership with Debt Zero.
Articles
Tuesday, June 16, 2009
NOW HIRING!
NOW HIRING!
ARE YOU READY?
ARE YOU READY to provide real finance solutions to consumers and earn additional income NOW?
ARE YOU READY to build a consulting business that allows you the opportunity to use your talents to help others as you help yourself?
ARE YOU READY to work with a team that is passionate about helping others avoid getting ripped off by predatory lending practices?
ARE YOU READY to manage a nationwide team of consultants and receive bonuses on team production as well as your own?
ARE YOU READY to feel good about who you are and what you do?
ARE YOU READY to find a way to build a nest egg that will allow you to retire the way you have always dreamed of?
If so, we have the Solution!
REAL FINANCE SOLUTIONS is a consumer advocate consulting system that allows you to build a profitable business on a full time or part time basis. Exceptional training provided. We’re ready when you are!
Visit us online
RealFinanceSolutions.com or Email Boyd@RFSweb.net
ARE YOU READY?
ARE YOU READY to provide real finance solutions to consumers and earn additional income NOW?
ARE YOU READY to build a consulting business that allows you the opportunity to use your talents to help others as you help yourself?
ARE YOU READY to work with a team that is passionate about helping others avoid getting ripped off by predatory lending practices?
ARE YOU READY to manage a nationwide team of consultants and receive bonuses on team production as well as your own?
ARE YOU READY to feel good about who you are and what you do?
ARE YOU READY to find a way to build a nest egg that will allow you to retire the way you have always dreamed of?
If so, we have the Solution!
REAL FINANCE SOLUTIONS is a consumer advocate consulting system that allows you to build a profitable business on a full time or part time basis. Exceptional training provided. We’re ready when you are!
Visit us online
RealFinanceSolutions.com or Email Boyd@RFSweb.net
What Consumer Sentiment Surveys Mean To Housing Markets
Posted by Ed Holingshead: 16 Jun 2009 08:00 AM PDT
Americans are feeling better about their budgets right now, raising the possibility of a full economic recovery.
According to a University of Michigan and Reuters, Consumer Sentiment rose for the fifth straight month in June.
Consumer Sentiment is now at its highest levels since September 2008, the month in which Lehman Brothers failed, Fannie Mae and Freddie Mac were nationalized, and the global financial crisis is believed to have peaked.
Rising confidence levels are important to the economy -- and to housing --because a confident consumer is more likely to make the big-ticket purchases that propel the economy forward.
This includes buying new homes.
That said, the Consumer Sentiment Survey has its flaws.
For one, the survey's sample set includes just 500 families. This is hardly a cross-section of America. Secondly, when people feel better about their finances, it doesn't always lead to additional consumer spending -- it could lead to more saving.
What people say they'll do and what they actually do can be two very different things, but if consumer spending does increase in the months ahead, expect home sales to benefit on the willingness of families to "take more chances" and expect mortgage rates to suffer on concerns for inflation.
Posted by Ed Holingshead: 16 Jun 2009 08:00 AM PDT
Americans are feeling better about their budgets right now, raising the possibility of a full economic recovery.
According to a University of Michigan and Reuters, Consumer Sentiment rose for the fifth straight month in June.
Consumer Sentiment is now at its highest levels since September 2008, the month in which Lehman Brothers failed, Fannie Mae and Freddie Mac were nationalized, and the global financial crisis is believed to have peaked.
Rising confidence levels are important to the economy -- and to housing --because a confident consumer is more likely to make the big-ticket purchases that propel the economy forward.
This includes buying new homes.
That said, the Consumer Sentiment Survey has its flaws.
For one, the survey's sample set includes just 500 families. This is hardly a cross-section of America. Secondly, when people feel better about their finances, it doesn't always lead to additional consumer spending -- it could lead to more saving.
What people say they'll do and what they actually do can be two very different things, but if consumer spending does increase in the months ahead, expect home sales to benefit on the willingness of families to "take more chances" and expect mortgage rates to suffer on concerns for inflation.
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