Mortgage Town

http://www.creditcardsforbadcreditnotbadpeople.com/ In this video I tell how I found several Credit Cards for bad credit individuals like myself. Actually my credit was horrible not just bad. I had filed chapter 7 bankruptcy my real estate business was bankrupt I have over 10 homes foreclosed on! The idea that I was ever going to get a credit card with such bad credit was disheartening. I also had 2 cars repossessed, I felt like I had the worst credit on earth. When things were going good in my life and my credit was great I could get a signature Loan in a heart beat, I had an American express card that had no limit as long as you paid it off the next month.
After my bankruptcy, I didn’t know how I was ever going to get credit again even a credit card. I thought that maybe with my credit repair back ground that I may be able to find a way to get a credit card. I looked into the market of secured credit cards… this is where you make a deposit to the credit card company for the amount of your limit. For example if the secured credit card had a limit of $500 then you would pay $500 to them and they would give you the credit card. You may be asking yourself what is the point of the credit card if you have to pay the amount of your limit. The reason is that if your credit is so bad that is all you can get after you use that credit card for 6 months keeping the payment current and not going over the limit then it is building your credit and repairing some of the damage. After 6months you may qualify for a credit that does not need a deposit an unsecured credit card. The process is really not that complicated as long as you have someone to show you were to apply first to see if you can get an unsecured credit card, if your credit is too bad and you are denied for the unsecured credit card then apply for the secured credit card. Even if you can only pull together $250 to $300 dollars then you can get a secured credit card for that amount to start building your credit to the place were you can qualify for an unsecured credit card. Once you get to the place where you have three to five credit cards in use for 6 months and you keep the balance under thirty percent of the total credit limit and you pay on time each month it will build your score significantly. Keep in mind this is exactly how my wife and I repaired our credit after the bankruptcy. A bankruptcy that discharged over a million dollars in debt was not small BK and it ruined our credit but with the help of some smart decisions we were able to find credit cards for bad credit and use them to repair our credit score. View the video now to see how you can get the same credit cards that approved me http://youtu.be/OY2j8CR5Kvo watch now!

Duration : 0:5:9

Read the rest of this entry »

Technorati Tags: applications, bad, bank, Bankruptcy, best, card, cards, credit, Debit, fee, First, for, fraud, help, HSBC, merchant, new, no, offer, online, orchard, payments, Premier, providian, SBI, score, secured, unsecured, Which

What are the real costs of a bad credit auto Loan? In this video, Auto Credit Express covers the additional monthly costs to consider when choosing a vehicle. Please visit http://www.autocreditexpressvideo.com for more information.

Duration : 0:1:55

Read the rest of this entry »

Technorati Tags: Auto, auto finance, auto financing, Auto Loans, automobile, bad, Bankruptcy, Car, car loans, costs, credit, credit score, extended warranty, finance, financing, hidden costs, increase credit score, Lender, loans, low, lower, Payment, people with, raise, raise credit score, score, warranty

We are currently looking for 250 people to test the New Mac Book Air. http://bit.ly/qIWcy3

http://realestatemarketingthisweek.com- Real Estate Marketing – Foreclosure rates on Forbearance Agreements done with banks reaches 58% – With Michael J Barnes and Dan Havey of Real Estate Marketing This Week

Part 3 – In studio with us today on this fine New years eve is Dan Havey, the co founder of the modification hotline as well as the author of The Foreclosure Sharks a great white paper he put together. He is also the author of Real Estates Future and this segment we are talking about loan modifications and some specific information.

You also have a great story to tell about this to. Well unfortunately I have too many stories about people who have had to go through foreclosures, bankruptcies, loan modifications. The one story I want to talk about real quick is a friend of mine who unbeknownst to me went out and did a Loan modification on her own and not to get into a whole bunch of technical details on it she ended up getting a pretty decent interest rate because they actually cut her Mortgage payment in half and she was pretty happy about that.

She owed a little bit more than the house was worth, she wasnt terribly upside down, but by the time they got done with her she certainly was going to be because the modification, and actually I should not call it a modification, I should call it a forbearance agreement, what they did to her was to say, OK we will cut your interest rate in half, we will cut your monthly payment in half, but we will take all of that deferred interest and tack it onto the back end of the loan. So that by the time her interest rate went back to where it had been, it was going to adjust up over the next five years, so that within that five year time period she was actually going to owe $60,000 in back interest on top of the principal balance that she had before she went to go talk to her bank.

What kind of a deal is that? I didnt think it was a very good one and she ended up eventually not taking it and just recently let the house go back to the bank, because she just looked at it and said, Wait a second here, I am already $20,000 upside down, by the time Im done with you guys I will be $80,000 upside down and so great I get a cheaper payment for a while. She moved into a rental property that was even cheaper then what she would have had to pay to stay in the house and from what she tells me the house is nicer.

Some of the unfortunate scenarios that come up that we get to see. Unfortunately we talk to lots of people that have similar situations, trying to do these on their own and it is possible to do a loan modification on your own. We know that, the program is designed for you to do that. The problem is it generally does not work out.

The re-default rate on loan modifications done on your own is significantly higher than loan modifications facilitated by an attorney that is representing you, for a number of reasons. Number one you have to pay an attorney to represent you. The other is that I think you are going to get a better modification based its not just a negotiation between you and the loss mitigation department for the bank. We are talking about using a professional attorney who is a trained negotiator to negotiate on your behalf with another attorney. By the way, theyre not talking to the same loss mitigation people in India that you may be talking too.

Here are some numbers that just came out from John Dugan who is the Office of the Comptroller of the Currency and they did a study of the loan modifications that have been done to date. In many cases these were forbearance agreements, not loan modifications. If an individual talks to his bank, generally speaking he will not get the same as result as what an attorney would do, so most of these are really forbearance agreements. And in that case, 36% had defaulted or were 30 days past due after 6 months and 58% were in default after 8 months. Again that is 58% in default after eight months and I saw some numbers the other day and unfortunately I didnt bring them in with me today, that according to some study of the very few modifications that have been done using an attorney, I say very few, but it is still thousands or tens of thousands, but few compared to what is getting done directly with the bank, the number is only like 5% of the ones done with an attorney have re-defaulted and again I dont have the numbers with me so I cant site the source… http://realestatemarketingthisweek.com/foreclosure-rates-on-forbearance-agreements-reaches-58/

Duration : 0:5:47

Read the rest of this entry »

Technorati Tags: agreement, Attorney, Avoid, bailout, bank, Bankruptcy, dan, debt, estate, Expert, forbearance, foreclosure, fraud, government, havey, home, insolvent, Lender, Loan, Loss, Marketing, meltdown, Mitigation, modification, Mortgage, real, rescission, rescue, Sale, scam, short, stop, tax, taxes, this, week

Mansfield Midlothian Used Car or New Mitsubishi today at Huggins Mitsubishi | bad credit financing available | Immediate delivery with approved Hurst Credit for Car Loan | Good, Fair, Poor & Bad Credit financed on a Mansfield Midlothian Used Car | Over 180 cars to choose from at Huggins Mitsubishi | Select from used Honda, Toyota, Ford, Chevrolet, Dodge, Chrysler, Jeep, Kia, Hyundai, Nissan, Infiniti, Lexus & Scion | Get approved today for an Auto Loan in Mansfield Midlothian TX at Huggins Mitsubishi | Car Loans for all credit types in Mansfield, Midlothian, Waxahachie, Crowley, Burleson, Hillsboro & Ennis TX | New & Used Cars being delivered to customers with less than perfect credit today

Duration : 0:11:55

Read the rest of this entry »

Technorati Tags: Auto, automobile, automobiles, automotive, Autoplex, Autos, autoshow, Bankruptcy, bmw, Burleson, Canton, Car, Cars, chevrolet, Clifton, Corsicana, Crowley, Dallas, Ennis, finance, financing, Ford, Grand, Hillsboro, HONDA, hyundai, infiniti, Itasca, Kia, lexus, Loan, Longview, Mansfield, mazda, Midlothian, Mills, Moshem, new, Nissan, Saline, scion, sedan, Show, Texas, TOYOTA, TX, Tyler, Used, Valley, van, Vehicle, volkswagen, VOLVO, Waco, Waxahachie, West

Get A new Mitsubishi or used car near Weatherford today at Huggins Mitsubishi | Bad credit financing available | Financing for customers with bankruptcy repossesion slow pay or foreclosure | Credit approval today for bad credit car loan, auto loan or auto finance customers | Immediate delivery with approved Credit | Good, Fair, Poor & bad credit financed on a Weatherford Used Car | Over 180 cars to choose from at Huggins Mitsubishi | Select from used Honda, Toyota, Ford, Chevrolet, Dodge, Chrysler, Jeep, Kia, Hyundai, Nissan, Infiniti, Lexus & Scion | Get approved today for an Auto Loan in Weatherford TX at Huggins Mitsubishi | Car loans for all credit types in Weatherford, Mineral Wells, Strawn, Mingus, Gordon, Ranger, Stephenville, Lipan, & Lone Camp TX | New & Used Cars being delivered to customers with less than perfect credit today

We have been honored to serve the Weatherford TX area for years. We promise you will have an outstanding experience with Huggins Mitsubishi.

Duration : 0:11:55

Read the rest of this entry »

Technorati Tags: Auto, automobile, Autos, autoshow, Bankruptcy, bmw, camp, Car, Cars, chevrolet, cisco, eastland, financing, Ford, gordon, HONDA, Hudson, hyundai, infiniti, Kia, lexus, lipan, lone, mazda, mineral, mingus, new, Nissan, oaks, ranger, santo, scion, sedan, Show, stephenville, strawn, sweetwater, Texas, thurber, TOYOTA, TX, Used, Vehicle, volkswagen, VOLVO, Weatherford, Wells

Need a car? Get a good reliable car with a bad credit car loan. bad credit, bankruptcy auto Loans Milwaukee available at Ewald EZ Credit. Call Marion at 414-481-8500 or www.ewaldezcredit.com.

Duration : 0:1:47

Read the rest of this entry »

Technorati Tags: .goanimate, after, Auto, bad, Bankruptcy, buying, Car, cartoon., credit, Ewald, EZ, for, Loan, loans, Milwaukee., people, with

Mortgage Foreclosure Rescue Scams – Documentary Video

We Stop Foreclosure Rescue Scams (2008) by Kyra Olds

This is a documentary about mortgage foreclosure rescue scams that are occurring across the country in light of the growing foreclosures. The movie describes common scam tactics and how distressed homeowners fall for these scams. The movie concludes with what lawyers can do to challenge these scams in court and the Washington State Legislature’s response to try to to stop these scams by passing House Bill 2791 and Senate Bill 6381. It is intended to educate advocates so they can better assist homeowners facing foreclosure.

Director: Kyra Olds
Producer: Northwest Justice Project
Sponsor: Eric Dunn
Keywords: foreclosure rescue scam; washington; mortgage; foreclosure; 2791; northwest justice project; njp
Contact Information: Northwest Justice Project 401 2nd Ave S Seattle, WA 98104 www.nwjustice.org

Creative Commons license: Attribution-Noncommercial-Share Alike 3.0 United States

Credits:
We Stop Foreclosure Rescue Scams
by Northwest Justice Project;

Featuring:
Eva, Client of NJP; Eric Dunn, Attorney at NJP; Melissa Huelsman, Private; Attorney in Seattle; Judy Poston, Housing Counselor at Solid Ground; Julia Kellison, Attorney at NJPl; Fred Corbit, Attorney at NJP

Produced by: Kyra Olds, Intern at NJP

Foreclosures are increasing nationwide, and so are scams that promise to rescue homeowners from foreclosure. What these scams do is take your money, ruin your credit record, and wipe out any equity you have in your home. Foreclosure con artists take advantage of people who have fallen behind on their Mortgages and face foreclosure. Con artists know that people in these situations are vulnerable and likely to be desperate. Potential victims are easy to find: mortgage lenders publish notices before foreclosing on homes. After reading such notices, con artists approach their targets in person, by mail, over the telephone, or by e-mail. They advertise their services on Web sites or publications. They often refer to themselves with titles that sound official, such as foreclosure consultant or mortgage consultant, and market themselves as a foreclosure service or foreclosure rescue agency. Your mortgage lender or any legitimate financial counselor can help you find real options to avoid foreclosure. If someone offers to negotiate with your lender and offers to arrange to stop or delay foreclosure for a fee, carefully check his or her credentials, reputation, and experience. To protect yourself, follow the recommendations contained in this Consumer Advisory.

Duration : 1:34:41

Read the rest of this entry »

Technorati Tags: artist, artists, banking, Bankruptcy, Banks, con, confidence, counselor, credit, crime, criminal, crisis, crooked, Crunch, debt, equity, estate, fake, fakes, family, finances, financial, financing, foreclosure, foreclosures, fraud, home, homeowner, homeowners, homes, houses, housing, Lease-Back, Lender, lenders, living, Loan, loans, Mortgage, mortgages, option, Options, owners, Ownership, Payment, payments, problems, real, refinancing, Repurchase:, rescue, scam, scams, schemes, servicers, states, Street, united, us, USA, Wall, washington

Getcredithealthy.com
Latest NBC Latest News on Broward County employee’s Identity theft! Fire Dept, School teacher, Broward Sheriff. Identity Theft!

http://youtu.be/ZFJno31qRXw

877 850 3444 ext 1

Duration : 0:2:5

Read the rest of this entry »

Technorati Tags: (Official, america, american, analysis, Attorney, bank, Bankruptcy, bk, card, card''loan', cbs, chapter 11, chapter part, check, CITIBANK, credit, debt, economic, economy, evening, express, FOX, HEALTH, Insurance, Interview, master, military, NBC, NEWS, of, settlement, Telemundo', truth, Univision', visa, WGN

http://realestatemarketingthisweek.com – Foreclosure Rescue Scams and How to Protect Yourself –

Part 7 – The Foreclosure Sharks, you have written this book or I think it’s called a white paper. Free report whatever you want to call it its packed full of really good and interesting information. It’s called The Foreclosure Sharks – A look at the rampant theft of Americans homes through foreclosure rescue scams.

And folks I have to tell you I think we’re going to spend the next week, the majority of the show talking about what the heck is going on out there. And what you need to do to protect yourself in case you should happen to be against this problem. You really need to know what your options are. This free report is available online at http://Mortgageanswerman.com. You have got to get this. The information is really good, and one of the taglines that you have here Dan is, Theres blood in the water and the sharks can smell it.

Right. What made me actually write this was a number of years ago I had been working with people in foreclosure for years, and it was just a way to let them know what was going to be going on once the foreclosure was filed against them. Now in many cases, these people were already experiencing what was going on.

And again I’ve recently had a friend or two go through foreclosure and I had them collect all of the paperwork that they got from all of the foreclosure guys out there trying to help them sell their house or do whatever it was, and I was surprised at how thin the stack was. This one gal in particular, lives in Scottsdale in a very nice house and she didnt have more than maybe 6 letters. In the past, a couple of years ago, especially at the peak of the market, when somebody was in a foreclosure situation they would have seriously a stack 6 inches thick.

People would be knocking on their door 24 hours a day, calling them, dropping off stuff. There were cars driving by all the time and it really got to be a nuisance. And frankly I think it hurt the home owner and their standing in a neighborhood, with all of that traffic and of course everybody knew that they were having problems. So that is why the report was originally written and why I wanted to talk about it today because of all the foreclosures going on in the market right now.

Now let me ask you a question, you are saying that two years ago if I were in a foreclosure my mail box would be chock-full of marketing products. Youre telling me now that there is virtually none?

Well I think that part of it is that back then there was financing available to be able to come in and refinance the people. I certainly myself did dozens of loans, at least, to bail people out of bankruptcies and foreclosures, and also people had equity back then. Property values were continuing to go up. I forget how many scams I pointed out here in the book, I think there are 18 or something in here, and most of them are essentially people attempting to get your house away from you, either refinance it, sell it for you, take a lease option, there are all kinds of different scams involved, but I think the reason we see so much less of it today is because there is so much less equity. So if you are upside down by $300,000 in your house, i dont care how good of a scammer you are, you are not going to make a lot of money off that.

But there are a couple of scams going on right now that I want to talk about because there are a couple of things that happened just recently that harkened me back to when I first got started in real estate here in Arizona in the late 1980s. I was selling repos for Fannie Mae, Countrywide, and the Resolution Trust Corporation, which was in charge of selling off all of the real estate owned for the 1,800 or so Savings and Loans that failed in the late 1980s early 1990s. There were so many scams going on then, I mean we had just tons of vacant houses we were selling, and one of the big scams that I thought was actually being perpetrated on a friend of mine the other day is a little something known as rent skimming… http://realestatemarketingthisweek.com

Duration : 0:6:36

Read the rest of this entry »

Technorati Tags: agreement, Attorney, Avoid, bailout, bank, bank foreclosure, Bankruptcy, debt forgiveness, debt relief act, Expert, forbearance, forbearance agreement, foreclosure, fraud, government, government foreclosure, home, insolvent, Lender, Loan, Loan-Modification, Loss-Mitigation, meltdown, modification, Mortgage, mortgage foreclosure, mortgage forgiveness, real estate, real estate foreclosure, rescission, rescue, scam, Short-Sale, stop, stop foreclosure, tax, taxes

http://autorefinanceLoanrate.org/

Refinance at a lower rate

Duration : 0:1:43

Read the rest of this entry »

Technorati Tags: affordable, apply, Australia loan application, Auto, bad credit, Bad Credit Car Loans Canada, bad credit credit cards, bad credit loans, Bad Credit Repair, bankrupt, Bankruptcy, bankruptcy loan, bankruptcy repair, buy, Car, car loans, credit, financing, Loan, loans, Mortgage, new, online, personal loans, purchase, United Kingdom, United States, Used, Vehicle