Lost in Foreclosure

Arizona Short Sale Office, will begin posting conversations that we have with lenders on a daily basis.. These will be posted as notes, so homeowners will have the insight of some of our negotiators.

Quick Tips #1

As noted by Al Thuma of Indy Mac, they currently have no programs for homeowners  who are current as of 12-10-08

Quick Tip #2

SLS Specialized Lending 

is a lender that will definitely require the financials to be on their financial sheet.  Also, I just found out that SLS adds 10% to the total monthly expenses. 

Quick Tip #3

SHORT SALE MITIGATION SPECIALIST CONTACTS!

EMC Mortgage: Loss Mit Main #: 888-577-4011
Workers: Faith Anderson: x3591 ; Tina Harris: x2795 ; JoAnn : x3606
They also have REO properties listed @ www.emcmortgage.com (http://www.emcmortgage.com/)
REO Phone #: 800-723-3005

Saxon Mortgage: Customer Support: 800-594-8422. Sr. Loss Mit Handler: Beverly Watkins 817-665-7727 ; Fax 7728

New South Federal Savings Bank, Birmingham, AL: Michelle Harris: 800-504-7110 x4364 RANDY!!!

Ameriquest Loss Mit # 800-211-6926

CitiMortgage Inc.
Tim Hull
800-695-0384 x5088 or 636-256-5088 direct
636-256-4041 fax

for FHA insured mortgages….
Craig Knight
301-696-5127 direct
301-696-4473 fax

Wells Fargo Loss Mitigation
Angela Deam
phone: 866-261-5642 ext. 2370
fax: 909-473-6401
fax: 909-473-6402

ABN Amro Group, Debbie Bell, 800-783-8900, 4242 N. Harlem Ave, Norridge, IL

Bank of America, Annette Swain, 716-635-2982, Fax (716) 635-2998 & 635-7243

CitiFinancial Mortgage, Martin Hughley, 800-422-1498 ext 73206, Fax (972) 657-1633; Debbie Tay (Tye), 888-407-0771 ext 73229 Fax (972) 657-1699

Household Mortgage, Richard, 800-395-4489 ext 47336

World savings:
Loss mit: 800-642-0257 fax: 210-509-1147 (attn Lorenzo….case manager)

Household Finance: 800-333-5848
Irwin Home Equity–Hilda Blakeney–phone 877-577-3643 ext 1-5328
fax 925-790-5833—
Washington Mutual–phone 888-456-5333 fax
818-775-6260. Michael Barrers ext 8038

OCWEN 800-746-2936. Citymortgage 866-558-3662.

Litton Loan Servicing Loss Mit
713-960-9676
Fax: 713-966-8844

Main WAMU # 818 775 6200
Waterfield Mortgage 800-957-7245
Washington Mutual 888-456-5353 866-625-3176
GMAC 800-850-4622 800-766-4622
Ditech 800-852-0656 800-449-8582

Homecomings Financial 800-206-2901
Option One (a division of HR Block)
Fax - (949) 790-8394

Indiana
Irwin Mortgage
Ms. Shrout
888-444-6446 fax 317-537-4823

First Franklin Loan Services (does National City loans)
1-800-622-5035

ABN AMRO 1-800-783-8900

Washington Mutual: Annabelle Espinosa 888 456-5353:
Fax line: 818 775 6260
Bad guys: Mike-x8337, Dennis x 8391, and Mary x8362.

Countrywide
Workout Solicitor
Douglas Campos
888-453-3102

Loss Prevention Department
in Van Nuys, CA
fax 805-306-7111

Beth Coe
Chase ManhattanMortgage Corp
800-446-8939 x 3553
614-961-3082 Fax
beth.a.coe@jpmchase.com
Chase numbers. Debra Stillwell Ph# 800-628-1674 ext. 3344.

US BANK: Loss Mit 888-780-3997 Jeana Delke Fax: 503-401-5640

Additional LM info for GMAC
Kerri Beener
Lost Mitigation Specialist
Phone 319 236 4643 (Iowa)
Fax 215 420 4438 (PA)

Loss Mit for Greentree. Mr. Cavanaugh 877-816-9125 ext. 34219

Fairbanks Capital
Grant Weston 888-818-6032, FAX 801-270-7713
3815 South West Temple Salt Lake City, UT 84115-4412
PO Box 65250, Salt Lake City, UT 84165-0250

LOSS MITIGATION NUMBERS

ABN Amro Group 800-783-8900
Ameriquest 800-211-6926
Bank of America 716-635-2982
Chase Manhattan 800-446-8939
CitiFinancial Mortgage 800-422-1498
CitiMortgage Inc. 636-256-5088 800-695-0384
Citymortgage 866-558-3662 800-422-1498
Countrywide 888-453-3102 877-744-7691
Ditech 800-852-0656 800-449-8582
EMC Mortgage 888-577-4011
Fairbanks Capital 888-818-6032
FHA insured mortgages 301-696-5127
First Franklin Loan Services 1-800-622-5035
GMAC 800-850-4622 319 236 4643
Greentree 877-816-9125
Homecommings 800-206-2901 858-874-7417
Homeq 1800 414-0969
Household Finance 800-333-5848
Household Mortgage 800-395-4489
Irwin Home Equity 877-577-3643
Irwin Mortgage 888-444-6446
Litton Loan Servicing 713-960-9676
National City Mortgage 1-800-367-9305 x54949
New Century Mortgage: 1877 206-9904
New South Federal Savings Bank 800-504-7110
OCWEN 800-746-2936
Saxon Mortgage 800-594-8422
US BANK 888-780-3997
Washington Mutual 888-456-5353 866-625-3176
Waterfield Mortgage 800-957-7245
Wells Fargo 877-216-8448
Wells Fargo Loss Mitigation 866-261-5642
World savings 800-642-0257
WaMu 877-926-8937

Barrack Obama, Hillary Clinton, John McCain, who’s going to help American Homeowners who are loosing there home to foreclosure. There is relief for victims of a Chineese Earth Quake, Disaster of Myanmar, Tonadoes in the United States, these are all tragedies that have taken many lives.  It appears our government has plenty of money for special circumstances, and currently our housing market in the United States, is special circumstances.  Homeowners are loosing there homes daily, nationwide, and our government is having a hard time to make a decisions.  The thoughts are Homeowners should help themselves, which is understandable if it was only affecting those borrowers who were speculating.  We have seen how housing has had a domino effect on the U.S Economy, we are not sure if it has effected the War on Iraq, but homeowners are going to have a hard time recoverning when food prices are dramatically rising, Oil is at 4.00 dollars  a gallon. 

When is the housing market going to get government help? Maybe never, well savehomewish.com may be a lucky homeowners answer, other then that, I wonder what the new president is going to do for us.

Mysterious Website Granting Wishes to Those with Foreclosure TroubleNation Wide Help- Ask thousands of American homeowners to name their single greatest wish this year and many would tell you they would like to save their homes from the grip of foreclosure.  Thanks to a new website, a fortunate few homeowners are having those wishes granted.   As record foreclosure numbers loom nationwide, SaveHomeWish.Com is anonymously granting one wish per month to homeowners at the end of their financial ropes.  To enter a wish at www.savehomewish.com, users simply enter basic contact information and select the specifics of their wish, including options for catching up a mortgage payment or escaping foreclosure and selling a home.  Then, once a month, one very lucky homeowner gets rescued from their mortgage problems.  Arizona Short Sale Office, a Phoenix firm specializing in foreclosure help has donated wishes to homeowners selected through SaveHomeWish.Com.  Jamar James, managing member of the firm said his firm has been able to grant the wishes of those needing to get funds to save there home.  “We’ve very much enjoyed working with SaveHomeWish.Com.  Our firm’s mission is to provide effective foreclosure options to homeowners in distress, so this project fits right into our way of doing things,” said James.  Although little information about the origin of and the selection process at SaveHomeWish.Com is available to the public, it is known that the website works in conjunction with Real-Estate-Foreclosure-Help.Com, a firm specializing in foreclosure relief for homeowners nationwide.  James said the idea of making homeowners’ wishes come true is welcome relief from the current foreclosure crisis, adding that many homeowners end up facing worse problems simply because they ignore the problem of missed mortgage payments and mounting late fees for too long before they take action.  “The most important thing homeowners can do to save their homes from foreclosure is to act quickly, before the problem becomes even more severe,” said James.For more information about making a wish to avoid foreclosure, visit www.savehomewish.com .  For information on other options available for homeowners facing foreclosure, visit www.real-estate-foreclosure-help.com or call 1-800-827-0692.

As a managing partner of Real Estate Foreclosure Help also known as http://real-estate-foreclosure-help.com we understand and explain to homeowners the banks point of view. I have seen it first hand, homeowners becomes  so frustrated calling the bank, that they simply give up. When hiring a 3rd party negotiator to contact the bank, the results are just a tad different, unless you reach a 3rd world country..(thats another blog entirely.)

When a 3rd party negotiator contacts your lender there is two things going, one the lender understands that they will not receive any money without placing the terms in writing, secondly, the actual mitigator does not know if the party has been hired to check out the quality of the customer care.  When most homeowners call they are lacking normally two things, patience and understanding of how the mitigator process works. This in turn causing anxiety and frustration in there tone, resulting in a “conflicted” conversation of a mitigator that is usually over worked and underappreciated.  What happens at your job when you get an angry customer, and you feel you are over worked and underappreciated? When you help someone, even if is doing your job, you want to feel appreciated.  That’s the same way that mitigator wants to feel when they are doing there job.. On the flip side, doesn’t the bank want to help people?  No not really, the banks you must remember wants to make money or save money, caring about the homeowners, simply is not there business.

Customers feel that banks are not prepared to help them, if they were they would have a much smoother process, the truth is, what banks want to admit that they have an entire department for BAD LOANS?  That is pretty hard to explain to the investors who were sold on making money off of the loans.

There is so much more information to working with the lenders then the normal. Most professionals are media outlets states just give your lender a call, and try to work out a plan? yeah right, I wonder how many times they tried to get through or how long they have been on hold.

 Maybe they should tell the homeowners the normall hold time for bank such as country wide, ocwen, asc, chase, could be up to 45 minutes to an hour and a half.

contributed by help@real-estate-foreclosure-help.com

Top Ten Ways To Avoid Foreclosure.
(Ideals contributed by homeowners loosing there homes)
(For Entertainment Purposes it Gets Better As You Read)

Homeowner 1: Avoid Paying Your Mortgage Payments, Get Insurance, My Home Mysteriously Burns Down.

Homeowner 2:  I Am Going To Make My Mortgage Payments If It Kills My Wife!  Man try’s to pay house payments, by accidentally killing his wife for life insurance money!

Homeowner 3:  Family meeting is called and it’s decided that the family should get insurance on BOTH pets “Melody and Waldo,” and suddenly dog’s simultaneously accidentally eats rat poison.

Homeowner 4: Family buys all new furniture, places the furniture in storage, and goes on vacation and returns home to find that they have been burglarized for all of their new furniture and sues Alarm Protection Company for the reinstatement amount owed on the house.

Homeowner 5;  Homeowners stops auction by placing lawsuit against the collection department for cruel and unfair collection procedures when banks attempts to recover 12 months of missed payments.

Homeowner 6:  Homeowner states home in foreclosure is haunted and files counter claim stating that his payments will be made once the lender evicts the spirits that live in the house.

Homeowner 7:  Homeowner get’s mental disability insurance, and state that the collectors are driving him crazy.

Homeowner 8:  Homeowners flies to lender’s corporate headquarters and set’s up a tent and begin camping outside protesting “When You Foreclose On My House, I Will Bringing My Home To Your Office.”  A newsworthy story sure to get you noticed.

Homeowner 9:  Homeowner states, If you’re behind on payments a notice of trustee sale must be posted on the subject property, change your address with your neighbor’s permission.  Foreclosure Notice on the Wrong House, Means They Can’t Foreclose on the Wrong House.

 Homeowner 10:  Posts ads on craigslist, house is in foreclosure and invites every contractor to a home shopping spree. Homeowner Sales the frame of the home, windows frame, ceiling fans, appliances, door frames,  doors, electrical, and all plumbing’s, then sends lender photos of the home stating that the home is in terrible condition and they shouldn’t foreclose. 

Crazy Ideals to Help You during the Foreclosure Process!

Created by crazy homeowners losing their homes.

Dont try any of these solutions to avoid foreclosure or you may end up in jail!

Courtesy of Arizona Short Sale Office.

Deed In Lieu of Foreclosure Arizona Short Sale Office will negotiate with your lender to accept and allow YOU THE HOMEOWNER to sign your home back over to the bank rather than allowing it to go into foreclosure and allow your debt to be forgiven.   It’s a win-win situation for the lender and the borrower since the lender will avoid the complication and expense of foreclosure and the borrower avoids the outcome of foreclosure and quite possibly bankruptcy.   Although no one really wins in the true sense of the word, a deed in lieu of foreclosure is sometimes the best option when mortgage payments can no longer be paid Do I Qualify for a Deed in Lieu of Foreclosure?To qualify for a deed in lieu of foreclosure, your home must be on the market at current market value. This shows loan company investors you are trying your best to satisfy the debt instead of trying to dump a financial burden without trying to sell. Typically the home must be on the market for 90 days before a deed in lieu of foreclosure can be finalized, and the home must be uninhabited to complete the process. In addition, your income must meet the criteria set by your lender. If it is determined you can afford to make the payments, you will have to continue trying to sell the home, and a deed in lieu of foreclosure will not be an option. If you are suffering a temporary setback, a forbearance might be an acceptable alternative to help you get back on track.

What Information Will My Lender Require for a Deed in Lieu of Foreclosure?When we contact the lender for the very first time regarding an inability to pay, we will need to speak to a customer service representative in the workout department. They will ask what caused your current financial situation, and they will predetermine whether or not you are a viable candidate for a deed in lieu of foreclosure or another option to get you out from under unaffordable mortgage payments. Once we deem you are   eligible for a deed in lieu of foreclosure, your lender will require a copy of the listing contract from our realtor, copies of current pay stubs, and a list of monthly bills.

Courtesy of the Arizona Short Sale Office in Phoenix Arizona.

I thought this was good information of how to submit a good Hard Ship Letter to your lender.  If you are attempting to modify your loan, or placed in a foreberance with your loan, here are a few tips for a good hardship letter submittal.

Hardship Letter Submission The reality is lender’s really don’t care what the person’s situation is, they simply want their money. The best option, regardless, is to have the Arizona Short Sale Office contact the lender by phone and explain the situation so as to learn what the lender’s policy is in such matters. A letter will likely get a response of “call this number” or something similar if indeed there is a response at all. If the party chooses to make the initial contact by mail the best option is to keep it brief and to the point. Explain why it is not possible to comply with the original terms of the agreement, and request modification of the obligatory terms until one’s financial situation improves.  Our Experience Staff knows what point to touch on to get your lender to respond favorably to your Hardship Situation. Arizona Short Sale Office MAKES the hardship letter process easy, the hardship letter only works with collection agencies in the event of accepting a small partial payment arrangement or to get a lower settlement percentage that the original creditor allows your letter to be sent to the collection agency and convince the original creditor cut you some slack. The basics of the letter are anything out of the ordinary that would be causing you financial distress.  Good examples: you lost your employment and you are in danger of losing your home, any medical complications that would prevent you from maintaining employment, drastic decrease in salary, fixed income, and single parent w/out child support. If you are a disaster victim the original creditor will already try to cut you a deal and you will be notified.  Bad examples: you are a student, you are overextended, divorce, legal issues, and threatening to file bankruptcy. Remember that hardship letters do not resolve your debts.  Basic Hardship Letter Breakdown             1. your hardship.            2. your offer to resolve your debt.            3. thanking them for their time.            4. your current contact information.  We have the experienced staff that will send your Hardship Letter to the lender the most effective ways. Your letter will be sent by either fax or mail preferably certified.

Arizona Short Sale Office, LLC one of the top foreclosure assistance companies in Arizona, recently was interviewed by Chanel 12 News about the vacant home problems, and how it would hurt homeowners and help with there negotiation process.  http://www.azcentral.com/12news/news/articles/vacanthomes03072008-CR.html  Marc Slavin,  managing member of the Arizona Short Sale Office, LLC stated that the vacant homes in Arizona would actually help assistant when negotiating with the lenders, unfortunately it hurts homeowners who are currently living in the neighborhood.  Vacant Homes in Arizona are becoming a big problems as many of those homes in the neighborhood are starting to effect all the homeowners negatively.  Marc Slavin stated you should contact the lender and let them know about the vacant homes, as they will come out and clean up the homes. In most cases it will take the bank between three and sixth months to check on the home, due to the amount of foreclosures going on in Maricopa County.

With thousands of companies stating that they can help you avoid foreclosure, Arizona Short Sale Office, LLC meets with over 100 homeowners a week, and gives those homeowners hope that there is true foreclosure assistance for homeowners facing foreclosure. With a variety of websites and do it your self information, the Arizona Short Sale Office, LLC actually provides real life references to the homeowners that they have helped.  As seen on chanel 12, http://www.azcentral.com/12news/news/articles/vacanthomes03072008-CR.html  Arizona Short Sale Office, has been providing there input all over the Valley to help homowners out of Foreclosure.

You may reach the Arizona Short Sale Office through the 24 Hour Answering Service at (800)-827-0692

A short sale can satisfy a loan balance in full and have no adverse effects on a person’s credit file.   Pre-Foreclosure “Short Sales” are a negotiated settlement or workout wherein the Lender, having considered a formal proposal from The Arizona Short Sale Office consistent with their internal criteria, agrees to accept less than the full payoff amount due from You (Borrower). The bottom line is a “Short Sale” workout program permits a qualified homeowner to sell a property irrespective of the amount owed and to settle for less than what is owed to the Lender/Mortgage company. They do this as an alternative to the expensive and time consuming process of foreclosure. Each mortgage company has their own set of processes through which they decide whether or not to accept a short sale, and while there are many similarities, each has its own requirements for approval.  The Arizona Short Sale Office acting as a third party mediator has a distinct advantage in negotiating with your mortgage company. We have developed an effective and streamlined solution to working out Short Sale transactions. We have the capability along with the knowledge that can assist the homeowner in getting a successful Short Sale approval. Many homeowners have experienced inflexibility from their bank/lender. We get the bank/lender to listen to your needs simply we are a third party company contacting the bank on your behalf. We have verified your situation and the bank realizes that the information is coming from a secondary source. Our experience gives us credibility with many lenders. We’ve developed working relationships with key people in the pre-foreclosure and loss mitigation departments at most banks/lenders. Our integrity and professionalism allows us to be heard when no one else can. We use our experience and connections to the homeowners advantage. The Lender may accept, reject, or make a counter offer to our Proposal. But it does not end there. Just fill out the forms and documents that we provide for you. Among them will be a Short Sale Hardship package that must be completed in full. These are the requirements for considering and approving a Short Sale. Once they are completed and given back to us we will start your case immediately. If the request is approved, appropriate documents will be forwarded for your signatures. Terms must be agreeable to You, (the Seller) and the decision to proceed will be Yours.  A successful “Short Sale” negotiation requires extraordinary professionalism from your real estate broker; and cooperation from you the Owner, The Buyer, and the Lender and will prevent the homeowner from going into a foreclosure which will have a 7 year statute of limitations on it and any homeowner having a foreclosure on their record will find it extremely difficult if not impossible to get a mortgage financed during that period of time. A successful Short Sale will also prevent the homeowners need to file bankruptcy which has a statute of limitations for 10 years on a person’s credit record for that period of time. A successful short sale can satisfy a loan balance in full and have no adverse effects on a person’s credit file. Hence The Short Sale solution. The Arizona Short Sale Office will keep you updated on the progress of your case. Our dedicated staff continually updates all clients throughout the entire Short Sale process. We are always available to answer any questions, call or email us at any time.  

Arizona Short Sale Office, LLC
4909 E McDowell Road
Phoenix AZ 85008

Office Number (602)535-1392