Hello Active Rainer's. For the past 14 Months I have been diligently investigating Loan Modification / Loss Mitigation companies. The reason for my investigation has been due to the large number of Foreclosure and Loan Mod scams that I have found. And I was wanting to add loan modification to my services. My list became a list of 30 companies when I found the company I have been with for the past 5 months. My list has now grown to over 295 companies throughout the United States that Offer loan modification services. I am continuing to add to the list as my hope is to keep consumers from using the many scams, unethical and uneducated loan mod companies in the marketplace. Here is what I looked for during my research.
Type of set up - Were they backed by attorney's etc. More did they have attorney's licensed in various states. For instance an attorney licensed in California can not do loss mitigation for a client living in Maryland. It has to be done by an attorney licensed in Maryland
How long have they been doing Loan Modification? Many companies Real Estate Firms, Debt Settlement Firms, Mortgage companies have just jumped on the bandwagon trying to offer these services. An for the most part they have no clue what they are doing.
How willing they were to answer my questions and return my calls ( I left several messages with many of them and got NO return calls. One even set up a conference call with me on my conference call line and then never showed up. Not all of them have an affiliate program.. in fact many do not. I point out the ones with an affiliate program and ones without.
Did they have an affiliate program and what was the cost? Many are just making money charging brokers $ 50.00 to $ 150.00 per month or large fees to become an affiliate. (Not Necessary, as many will hire you and train you for free) Especially the legit ones.
The cost to the consumer to go thru the Loan Mod Process
If they did short sales along with Loan modification (short sales are a lengthy process and do not help the client stay in the house)
if they had contracts for the clients
if they had written agreements for the affiliates
Contact names and numbers
If they had a training program. and some other items
I put this and other information into a spreadsheet and then listed them Good, Procede with Caution, Avoid, and those that are no longer in business, have disconnected phones, or no longer have websites. Now this is only my opinion and anyone I send the list to is more than free to contact any of them they wish and make their own decisions. I spent 7 Months working for one I felt was very good and ethical, However about 5 months ago their service really started suffering. It forced me to continue my search and led me to over 295 Loan Mod companies. I now feel that I have found one of, if not the Best Loan Modification company in America for both Clients and Affiliates, however personally I am moving into the Commercial Mod Arena. I still think that residential modifications have their need, and I think I found a very good company for both broekrs and clients. They are one of the fastest growing Loan Mod companies in the United States, Have a great success rate among clients. They have a company that will do a full forensic loan audit, package all the paperwork, and underwrite the deal with everything needed for a homeowner to do a modification themselves. Or they can refer the client to another company that will do all the mitigation for $ 500.00 paid at the completion of the modification. They are transitioning and changing their business model to accomodate new legislation in the area of residential loan modification. If you would like information on the company that I have found, send me an email and I will be happy to send you information. Here are some of the other features with this company
1. 4 years of doing Loan Modifications
2. One of first companies in California to have advance fee agreement approved by the DRE
3. An affiliation with a proven Debt Settlement Program
4. Credit Restoration Services
5. Auto Loan Modification Program (one of the first in the industry to offer these services)
6. Complete Online Tracking and submission
7. Replicated Websites available
8. The owner of the Company has met with members of Congress in Washington D.C. on 4 seperate occasions to talk about 3rd party loan modification services
No complaints with the DRE, Attorney General, FTC or the Better Business Bureau
I do residential loan modifications with this company, however my focus has centered towards providing Commercial Loan Modifications thru an Attorney with 25 years of transactional commercial real estate sales, aquisition and legal experience here are just some of the reasons I will be focusing on Commercial Mods
1. Currently there are nearly $ 750 billion dolars in commercial loans inititated between 2005 and 2007 with a 5 year due date.
2. Empty storefronts, Office Buildings and Warehouse space (make for great leads)
3. Slashing commercial rents, incentive offerings, demanding concessions
4. The losses from commercial real estate loans could hit $ 53 billion, or 8.5 percent of their overall losses
over the next 2 years.
5. 5 to 10 times the income potential for brokers than residential loan modifications
6. Overall, some $ 270 billion commercial property loans are expected to come due this year along
7. A program Unique to our company that can show the Commercial property owner how to recoup all the cost of doing the modification.
6. NO ADVANCE FEE RESTRICTIONS Like there are with residential loan modifications
This is just a few of the many reasons.
The whole purpose of loan modification is to help reduce debts and help a client recover from an unexpected financial Hardship. All of the services of the company I work with are geared toward that goal. My goal is not necessarily to get you to work with us, but to get you to avoid working with the unethical scams that are in the marketplace. If you want to earn an income from a pretty good loan mod company then I would be happy to hear from you. If you just want a copy of my spreadsheet listing the 295 loan modification companies that I have researched, feel free to email me or contact me at the email and phone number listed below. Or if you would like information on providing Commercial Modifications please email me and I will send you some information.
www.homerescueprogram.net/thargreaves (residential loan website)
Please let me know if your interest is in residential loan mods, commercial loan mods or both
Thomas Hargreaves is a Financial Planner and Insurance Agent, And understands how education fits in to the practice of building wealth and saving taxes. you can contact at: Phone: 541-844-1830 email: agentshelper@gmail.com
It has been a long time coming, but baseball is back at the University of Oregon. Back when I was in High School in the mid 70's, I used to enjoy going to the University of Oregon Baseball games at Howe Field. Howe Field, located right next to Mac Arthur Court is a centerpeice on the University of Oregon Campus. From the seats you could see Mac Court as well as the Famed Hayward field, the location for several Olympic Trials. For years the University of Oregon has been the only team in the Pac-10 conference to not have a baseball team. Last year the new Athletic Director decided it was about time.
I want to post a Picture of some of the overhauls that will be happening over the next few years in Eugene, Oregon. A new Basketball Arena for the Basketball team, and a new Baseball team, complete with a new stadium. In the picture on the right we see what the new baseball stadium will look like. It is expected to be built and completed by spring of 2010. In the background you can see Autzen stadium where the Oregon Ducks Play Football.
Here in the picture on the left side of the page is a front view of what the new basketball arena is expected to look like. Oregon Athletics is ready to complete with the likes of the big boys..
I am a financial planner that will focus on educating my clients rather than just sell them a product. Education is the key to financial success. application of education is key
We are a company that believes in educating the client first and selling a product second. We work in the following areas
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Financial Planning - TriStar Financial Services We carry a wide array of Insurance and Annuity products for the needs of a customer in most any situation. Being a non-captive company, we are free to represent many companies, and help bring the consumer to the marketplace providing what they need, instead of just what ONE company offers.
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Asset Protection and Identity Theft- Thru Prepaid Legal Prepaid legal plans are highly undervalued. I personally have been a client of prepaid legal services for years. I feel very comfortable knowing that I can contact an attorney any time I need some kind of legal question answered. They offer a free Will preparation along with membership, that alone is a huge value. I feel that every Mortgage or Real Estate agent should own the Prepaid Legal Plan for the Self Employed. Not only does it give you access to a team of attorney's if you need it, but it also gives you access to a team of Business Consultants to help you build your business. No matter what kind of business you have. Website: www.prepaidlegal.com/hub/thargreaves
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Loan Mitigation and Loan Modification - Thru Property Trust Group, LLC And The Loan Modification Legal Network
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For a free analysis email me at agentshelper@gmail.com
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We have multiple companies and products for our clients, all aimed at bringing the client to the marketplace.
My area of expertise is in Financial Planning. I have also been a Mortgage Agent for the past 6 years and understand how a mortgage fits into the overall picture when trying to build a good solid financial plan. I have researched extensively the new concepts of mortgage acceleration programs from the Money Merge Account from U1st to the 1st line of credit with CMG. And many others such as Mortgage Acceleration Plus, Anagram Financial, Do It yourself Acceleration program, Cash Flow Merger Account, Equity Genie, Lifestyle Builder System, and Sydney Financial. The problem is only a couple of them are worth the cost of the programs, and many of these programs are hard for a client to qualify for. What we do is show our clients how to use the best acceleration program, recognize the best mortgage for their situation, and how to structure things so that they have the best protection for their assets.. We have a team concept Together Everyone Achieves More. Not just our agents but our clients as well. I spend alot of money purchasing books as thank yous for my clients, as additional education is much more valuable to them, than a box of candy, or a ticket to a movie.
If you give away a thank you item that can help enhance the clients life, I believe it is much more valuable than something they will only use one time. And if you can give them information that will have them coming back to you again and again to do more business with you then it is not only a nice gesture, but also a marketing secret.
Credit Restoration/Repair:
I am so happy with your service. I have tried other credit repair companies in the past and paid 4 times your fee with nothing in return. Your services even included my wife's credit! I am so pleased that I have also referred my 2 sons and several friends
-- M. Diaz
I just wanted to inform you that I had my credit pulled for a mortgage application that my husband and I needed to build our own home. My new mid-score is now 650!!!! I got was so excited to hear that!!! Thanks for your help! I am going to continue to work with you to an even higher score, even though my goal of getting a loan for my new home has been achieved!
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Your services have helped us clean up erroneous items on our report that have appeared over several years. As you know, once they get on your report, they are very difficult to remove, but your service has given us the ability to no longer be a victim of the credit game! Thank you, Thank you, Thank you!
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I started your program and although I have hardly started it or putting a dent in the negative items on my report my score has already increased from 585 to 648! Because of this, I have qualified for a non-conforming loan with Wells Fargo at 6%.
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Prepaid Legal Services:
I would like to comment that before I became a member, I also wondered as some why pay monthly when I have not used attorneys much in the past. Well, here is the first one year and one half of items we have used Pre-Paid Legal Services for:
1)Ongoing advise on stock we own part of class action between MCI and Worldcom.
2) 3 speeding tickets handled by our attorney in court (myself, wife, and son)No points issued on any of our licenses.
3)Two warranty problems on our home remodeling
4)Housing deposit returned of $ 300(our son) It seems landlords tend (try) to hold deposits on college students more than most.
5)Collection of $ 12,500 retainer for our business
6)Living Will prepared at no cost until our living trust completed saving us $ 1,100 from our previous attorney rate. (I had 3 bids on trust)
7)New barbecue grill warranty replacement where dealer did not want to honor. Not only did I get the new lid, but it was installed by the company from Canada at no cost.
Note: All of the items excluding the living trust as we own a business, and the fines and court costs of the speeding tickets, as they were dismissed as moving violations, were done as part of the monthly fee. The only bill I have received for services beyond the monthly was for our living trust, which was something we had put off for years.
It's not only the money you save, but the time, as I did nothing but call our law firm and let them handle it. When you do not have to consider the cost of calling your law firm - you just do it. You have to ask yourself when was the last time you heard someone using an AV rated law firm for a problem with a BBQ grill? Is it any wonder that I now market such a valuable service as our second business.
-- Chris K.
I bought my prepaid legal membership for my business less than six months ago and it has already saved me over 8 thousand dollars. I wouldn't own a business without it. As for the family membership, it is well worth the cost even if you only use it for the will preparation. A will prepared by a good attorney in my area costs about $800. The question is.. Why would you not own a prepaid legal membership?
--Mike
My problem has been solved I want to say what a nice job the attorney did for me. It is [this attorney] in Boise. She was very courteous and helpful looked over my documents and told me how to respond to a frivolous real estate complaint that had been made to the real estate commission I would like to thank them for their support and prompt response.
--J. Schaefer, ID
I'm in Southern California, and I've just had the chance to work with [an Attorney] in Missouri. I am purchasing property in Missouri, so of course I went through [the Law Firm] in California at about 9:30 this morning. By 2:30 pm, not only had I spoken with the CA attorney, but he had already arranged to refer me to [the Attorney] in
Missouri. I spoke with [the Attorney], sent him the real estate contract, and at 5:30 p.m. California time--7:30 p.m. in Missouriâ€"[the Attorney] called me back and went over the contract with me. Instead of having to wait two or three days to get this done, I can sign the contract with confidence that I am protected and move forward on the deal...all within the same business day. So, thank you for our system, thank you for how quickly it can work, and most importantly thank you to [the Attorney] in Missouri.
--M. Powell, CA
This is such a wonderful company to be a member of. The attorneys have treated us like friends and yet very professionally handled our problems with expertise! We saved $470 on a medical claim that we did not owe. It was a billing error! We have sent in documents to our attorneys to read over, such as, financial retirement savings investments, an online net agreement, and several more. We now have peace of mind and thankful hearts for Pre-Paid Legal.
--R. & C. Hammond Illinois
This is an unsolicited letter prompted by the excellent service that I am receiving from [my provider] law firm.
I want to express my great satisfaction with the legal assistance that I am getting from the [provider firm] law firm through my Pre-Paid Legal membership. The people have been so helpful and generous with their time and knowledge.
For example [one provider attorney] wrote a letter to a company which produced immediate results in a business contract conflict.
I have also received good patent infringement assistance as well as help in many other subjects including family matters.
Thank you for a great service!
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