Foreclosure and Loan Modification Blog (62)

Saving The American Dream: David Ramos, Mortgage Modification Master

Beginning in 2008, a record number of homeowners had trouble paying their mortgage payments, thanks to the subprime mortgage crisis. As a result, a record number of homes went into foreclosure.

David Ramos' mission is to help save people from that plight. Mr. Ramos, who has worked with home mortgages for over 15 years, started helping people modify their home loans 5 years ago, and hasn't stopped since. With over 5,000 mortgage modifications under his belt, Mr. Ramos is recognized as one of the world's foremost experts in home loan modification, and he continues to help people save their homes as Operations Manager at Amerihope Alliance Legal Services, a law firm that concentrates on foreclosure defense.

Today, I sat down with David Ramos to discuss the drastic changes in home loan modifications over the last 5 years.

Interviewer: Before the mortgage crisis, did loan modifications even exist?

[fa icon="clock-o"] Friday, April 19, 2013 [fa icon="user"] Jake Sterling [fa icon="folder-open'] bank of america loan modification, loan modification attorney

What Is Force-Placed Insurance?

For home and condominium owners, the housing crisis brought a host of financial challenges, forcing many into or on the brink of foreclosure. Now, in addition to struggling with bank notices and loan modifications, the financial industry has added another compounding hardship for property owners: force-placed property insurance.

Force-placed property insurance has become something of a recent development arising out of the financial crisis. This is a mortgage or loan lender practice implemented mostly in states like Florida, New York, Pennsylvania, and New Jersey that were hit hardest by the housing crisis and were victims of recent natural disasters, like Hurricane Sandy. The property insurance required by the lender insures against natural disaster and human-inflicted damages.

[fa icon="clock-o"] Wednesday, April 17, 2013 [fa icon="user"] Kristen Clinton [fa icon="folder-open'] loan modification attorney, loan modification

Millions of homeowners in the United States face foreclosure every year and thousands lose their homes. The highest foreclosures rates are in Florida, New Jersey and New York at 11%, 8% and 5% respectively. You can delay or stop foreclosure by hiring a professional foreclosure defense attorney to help you. The defense attorney will negotiate with the lender on your behalf and take steps to ensure that you do not lose your home.

Before you hit the road looking for a foreclosure defense attorney in New Jersey, you must know what a foreclosure is and why you need an attorney.

[fa icon="clock-o"] Monday, April 15, 2013 [fa icon="user"] Jake Sterling [fa icon="folder-open'] new jersey foreclosure attorney, foreclosure defense attorney new jersey

Finding a New Jersey Foreclosure Attorney means first understanding the foreclosure process for the state of New Jersey. A foreclosure defense attorney must be licensed to practice in the same state as your property. As foreclosure laws differ from state to state, be sure you understand the process and hire an attorney who is well versed in handling cases in New Jersey.

Like in most states, it takes about 3 months of missed payments for the bank to begin the default process. In the state of New Jersey, the lender must file a notice of intent to foreclose 33 days prior to serving the homeowner with actual foreclosure papers.

[fa icon="clock-o"] Monday, April 8, 2013 [fa icon="user"] Jake Sterling [fa icon="folder-open'] new jersey foreclosure attorney, new jersey foreclosure process

Editor's note: This article was originally published in 2013, and has been updated for accuracy in 2016.

Whether you're already in foreclosure or just in fear of being served foreclosure, the question of how to stop the foreclosure process and the thought of losing your home are probably already keeping you up at night. If you're in foreclosure or in fear of foreclosure there are several steps you can take to either prolong the process or stop foreclosure in Florida.

How to Complete a Financial Worksheet for a Loan Modification Package

If you're one of the millions of Americans at risk of foreclosure, or possibly already in foreclosure, chances are you are terrified of losing your home. The best way to approach the bank and ask for a loan modification is with the help of a foreclosure attorney. However, many homeowners decide to deal directly with the bank and take it upon themselves to submit a loan modification package and financial worksheet in order to lower their monthly mortgage payment.

Most banks will ask for two very important documents in your loan modification package

[fa icon="clock-o"] Wednesday, April 3, 2013 [fa icon="user"] Jake Sterling [fa icon="folder-open'] financial worksheet for loan modification, loan modification financial worksheet

When trying to find a New York Foreclosure Attorney, there are a few things to keep in mind. Every state is different when it comes to foreclosure laws. Because of this, the first thing you need to do is make sure that your attorney is licensed to do business in the same state as your property. In order to proceed in a foreclosure case, your attorney must have a license to do business in that state.

[fa icon="clock-o"] Monday, April 1, 2013 [fa icon="user"] Jake Sterling [fa icon="folder-open'] foreclosure defense, new york foreclosure attorney

A few years ago a forensic loan audit was a common tool for "mortgage rescue" companies if you suspected your bank of unfair practices and wished to pursue a lawsuit against your lender. However forensic loan audits are unnecessary in relation to the numerous other ways a foreclosure attorney can fight for your home.

The FTC warns consumers against companies using Forensic Loan Audits to lure in clients as a mortgage loan audit is expensive and offers no significant benefit to the homeowner.

A good foreclosure lawyer will make sure all of your loan paperwork is compliant, if necessary, as a tactic in your foreclosure defense case.

[fa icon="clock-o"] Friday, March 29, 2013 [fa icon="user"] Jake Sterling [fa icon="folder-open'] loan modification, foreclosure defense

A new foreclosure bill is being proposed by Florida legislature to speed up foreclosures in Florida. Although recently passed by a Senate committee, the bill still must pass three more committees in the Senate and one more in the House. The bill is designed to speed foreclosure cases through the court system by allowing semi-retired judges to take on foreclosure cases, as well as allowing a number of other provisions designed to help "streamline" the amount of foreclosure cases in the state of Florida. Florida already holds a quarter of the nation's foreclosure cases, and is working to expedite the judicial process of foreclosure.

What is a Conciliation Conference?

foreclosure conciliation conference The idea of holding a conciliation conference for a loan modification or a foreclosure case is relatively new. Because of the large amount of foreclosures in Florida, a mediation is no longer required by law. A homeowner can request a mediation if they choose. However, this can get expensive because both their lawyer and the bank's lawyer will have to meet in person at the expense of the homeowner. In order to expedite the loan modification process, many lawyers are requesting conciliation conferences via phone instead.

How do I get a conciliation conference?

If you're a homeowner who has submitted a loan modification package to their bank and hasn't gotten a response, you may want to consider hiring a foreclosure defense attorney to help. A foreclosure attorney can not only present the loan modification package in a way that will encourage the bank to accept your offer, they can also request a conciliation conference with the decision maker at the bank. A homeowner alone will have almost no luck in trying to contact the bank and actually get in contact with someone who has the authority to make a decision on their loan modification.

[fa icon="clock-o"] Monday, March 25, 2013 [fa icon="user"] Jake Sterling [fa icon="folder-open'] florida foreclosure defense, conciliation conference, foreclosure defense

Foreclosure and Loan Modification Blog

Saving The American Dream: David Ramos, Mortgage Modification Master

Force-Placed Insurance: What To Look Out For And What To Do Next

What Is Force-Placed Insurance?

Choosing a Foreclosure Defense Attorney in New Jersey

Understanding the New Jersey Foreclosure Process

How to Stop Foreclosure in Florida

How to Complete a Financial Worksheet for a Loan Modification Package

Most banks will ask for two very important documents in your loan modification package

Understanding the Foreclosure Process in New York

Do I need a Forensic Loan Audit?

Florida Foreclosure Bill Passes Senate Committee

What is a Conciliation Conference?

How do I get a conciliation conference?

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