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  • 00:31

    Why Mortgage Modifications Are So Discouraging

    in Finance

    Everyone has the same question in the back of their minds. The loans should be worked out rather than foreclosed. That is what is done with commercial loans, that is what was done in residential loans and it is still done with credit cards and other consumer loans. So why are we having problems with workouts and modifications?


    The answer is simple: we are not dealing with the creditor. We are dealing with an intermediary whose instructions are to get the loan into foreclosure. So they tell borrowers that they can’t qualify for a redo of their loan unless they stop paying, they say and do a lot of things that encourage the borrowers to do things that make them look like deadbeats when the case goes to foreclosure judgments. The borrowers are not deadbeats. They are victims just as the investors are victims. But we never hear from the investors because they don’t know that anything is wrong with their investments — because they are getting paid regardless of whether the “borrower” pays or not.


    Many judges have been asking two questions for years even as they give the banks the benefit of the doubt:


    (1) why is the modification process so enigmatic and random (and why are there not more workouts like it used to be in civil courts and bankruptcy courts) and


    (2) why are we seeing this shell game with first some bank or other entity claiming it is the owner of the loan, denying even the existence of the REMIC Trust, then they admit the existence of the Trust and claim the loan is owned by the Trusts, then they say the servicers have the right to foreclose and not the trusts or the investors, and then they keep switching servicers and trustees? To the Judges that ask these questions, it looks like a shell game but without appropriate pleading and evidence they can’t rule on it — or get the answers to their questions.

  • 00:58

    Mortgage 101 with Kelly Byrne Lee

    in Women

    Do you want to own the home of your dreams but overwhelmed by the financial "process" to get there? My guest Kelly Byrne Lee will be talking her passion helping others obtain mortgages. 


    Kelly Byrne Lee is an experienced home financing professional committed to providing exceptional service from application to closing. As a Home Mortgage Consultant, Kelly strives to present her clients with a wide range of products, programs, and services available to help meet their ever-changing needs.

    Kelly believes that customer satisfaction begins with placing the utmost importance on providing each client with the information they need to select a loan that fits their situation. Kelly works to ensure a smooth and uncomplicated home loan process by helping her borrowers feel comfortable in their choice of home financing products, and by providing prompt communication and feedback throughout the transaction. Kelly's ultimate goal is to retain customers for a lifetime and earn the referral of their friends and colleagues. She wants to be your mortgage coach for life.

    Kelly's 18 years of mortgage lending experience has given her an understanding of the commitment and efficiency her clients demand. She has earned repeated recognition as a Leaders Club and Presidents Club member for her outstanding performance. She's actively involved in her community, too, serving as Board Member for Women In Networking and as Youth Sports Coordinator at a local church. Kelly holds a B.A. in Accounting from Bellarmine University in Louisville

  • 03:33

    MIGHTY THOR NETWORK: "DEBT SHOW TUESDAY" WITH "LION OF JUDAH" BROTHER SHARIF

    in Education

    The House of Restoration Ministry a/k/a THOR is Private Membership Association Ministry who studies, shares, provides a forum for Consumers to get support from other members regarding abusive debt collection. THOR covers information pertaining to alleged foreclosures, credit cards debts, student loans, auto loans, etc. Being a Consumer can be a challenging situation, being an educated consumer can be a "POWERFUL" position if used correctly. "THOR & BROTHER SHARIF" will peel back the layers of the Debt Buying arena and you will be surprised at who pulls the strings to this Debt Collector Puppet. The Consumers need to be aware what they are up against, and how to prepare against their Adversary(s). The debt collection business is big business and the Consumers is a big target, if you are not educated, poised, armed, confident, spirited, and prepared, you will be forced into economic conditions not conducive to your lifestyle. Are you ready???? Today we will provide show filled with entertainment, laughter, consumer information, recent cases and news, along with the Lesson of the day. JOIN US!! We are not attorneys and do not give legal advice!!

  • 00:28

    Patrick Tackett Business Talk - Ohio Valley Bank

    in Education

    YOUTUBE:  https://www.youtube.com/watch?v=8aY8I3bXJzg


    BUSINESS TALK featuring Patrick Tackett, Vice President, Ohio Valley Bank.  Patrick will discuss:  Developing a business plan – research; The Importance of accounting & legal representation; Cash flow analysis – how lending needs play in to this; and Pricing model used and what drives. Ohio Valley Bank, established in 1872, currently operates 14 offices throughout Ohio and West Virginia. The Bank's headquarters are located at 420 Third Avenue in Gallipolis, Ohio. During its 142 years in business, it has never changed names, making it one of the oldest banks in the state.  In the 90's, Ohio Valley Bank management established Ohio Valley Banc Corp. The Banc Corp. is a one-bank holding company (Ohio Valley Bank being that "one-bank") which has expanded to own another subsidiary in 1996 called Loan Central, a finance company with seven offices in southern Ohio. Ohio Valley Banc Corp. common stock is traded on The NASDAQ Global Market under the ticker symbol of OVBC. The mission of Ohio Valley Bank is clear: Community First! We accomplish our mission by a firm commitment to treat our customers, shareholders, and employees in the same manner as we would expect to be treated and then to go one step beyond.


    Guest Information includes:


    Patrick Tackett


    Vice-President Commercial Lending


    Ohio Valley Bank


    EM:  phtackett@OVBC.com

  • 00:41

    THE DAILY COMPLAINT (WELLS FARGO/ASC/REFUSAL TO PROCESS RMA/MHA HAMP/CFPB/HELP)

    in Finance

    TODAY'S SPOTLIGHT:


    WELLS FARGO HOME MORTGAGE (WFHM) AMERICA'S SERVICING COMPANY (ASC) REFUSAL TO PROCESS MHA HAMP REQUEST FOR MORTGAGE ASSISTANCE (RMA) MHA HAMP CFPB USDOTHELP


    "the daily complaint"


    Every weekday we answer client complaints on The Daily Complaint to provide direction and resources for both the person complaining as well as other consumers experiencing similar issues whether it be mortgage fraud, loan servicing escrow issues, loan modification runarounds or denials, short sale refusals, deed in lieu negotiations and credit card debt collector abuses and fraud violations.


    I routinely look for posts to answer in hopes that it will not only bring optimism to those homeowners and borrowers in distress but also some basic information to assist in fighting the banks that are "too big to fail" like Bank of America and Citi but yet don't appreciate the bailout that we provided in their time of need.  The debt collectors like Ocwen and Nationstar are simply just piranhas but they can be beat at their own game too just like the big banks can be defeated.  


    We are committed to answering consumer complaints and addressing everyday credit and debt issues on The Daily Complaint and I thank you for your continued support!


    We hope you enjoy the Show...


     


    Dana Shafman


    Managing Member


    END Consulting


    Phone (888) 234-7006 Ext 101


    Fax (888) 234-7096


    Dana@ConsultingEND.com


    Every new beginning comes from some other beginning's END!


    THE DAILY COMPLAINT - LIVE WEEKDAYS AT 8:30 AM PT (CA) & 11:30 AM ET (NY)

  • 00:33

    THE DAILY COMPLAINT (SETERUS/APPLYING PAYMENT ERRORS/ESCROW/SUSPENSE/RESPA/CFPB)

    in Finance

    TODAY'S SPOTLIGHT:


    SETERUS MORTGAGE LOAN SERVICING ERRORS APPLYING PAYMENTS TO ESCROW ACCOUNT OR SUSPENSE ACCOUNT INCREASE IN MORTGAGE PAYMENTS CONSUMER RIGHTS RESPA CFPB


    "the daily complaint"


    Every weekday we answer client complaints on The Daily Complaint to provide direction and resources for both the person complaining as well as other consumers experiencing similar issues whether it be mortgage fraud, loan servicing escrow issues, loan modification runarounds or denials, short sale refusals, deed in lieu negotiations and credit card debt collector abuses and fraud violations.


    I routinely look for posts to answer in hopes that it will not only bring optimism to those homeowners and borrowers in distress but also some basic information to assist in fighting the banks that are "too big to fail" like Bank of America and Citi but yet don't appreciate the bailout that we provided in their time of need.  The debt collectors like Ocwen and Nationstar are simply just piranhas but they can be beat at their own game too just like the big banks can be defeated.  


    We are committed to answering consumer complaints and addressing everyday credit and debt issues on The Daily Complaint and I thank you for your continued support!


    We hope you enjoy the Show...


     


    Dana Shafman


    Managing Member


    END Consulting


    Phone (888) 234-7006 Ext 101


    Fax (888) 234-7096


    Dana@ConsultingEND.com


    Every new beginning comes from some other beginning's END!


    THE DAILY COMPLAINT - LIVE WEEKDAYS AT 8:30 AM PT (CA) & 11:30 AM ET (NY)

  • 02:04

    Vernon Uzzell - WeShare to Grow A Movement

    in Culture

    Vernon Uzzell, National Project Manager with WeShare Crowdfunding is going to explain to our audience what we are missing by not taking advantage of President Obama' 2012 Jobs Act which officially opened up a new source of funding for small companies. It follows the changing world of collaborations. "Do you know anyone or organization that needs to raise funds for any reason, be it business, church or personal? This is not a loan or a grant. "Crowdfunding, the Internet's #1 newest, most exciting phenomenon and social trend for raising funds." Forbes Magazine. www.WeSharecrowdfunding.net/mpowermeant "The world as we know it is turning upside down. What was normal last year is passe' today. Economics is vital in sustaining a sense of normalcy in homes across the globe and banking has been robbing us blind because there were no alternatives. With crowdfunding changing everything banks and their outrageous finance charges and fees no longer have a monopoly on being the source of funding. We've discovered that we can fund ourselves and leave out the banks. Welcome to the new funding vehicle of the 21st century. Are you prepared to take advantage of crowdfunding or are you waiting until someone you know tries it first. Contact everyone you know that's tired of Network Marketing, opportunities, Business Meetings, MLM's, Lotions, Potions Juices and Powders, Travel and Girdles and hair and digital services to try and generate funds to accomplish your goals because those things are not really what you want . WeShare Crowdfunding is none of the above!  WeShare is based on understanding that donating to the community is similar to the saying "A rising tide floats all boats."   Don't You Ever Give Up!


     

  • 01:01

    SCRIPTURES4US TRAINING SHOW - 06-25-2015

    in Christianity

    Learn HOW to build a Succesful Home Based Business without having to sell your home or take out a loan.

  • 00:30

    How Late Can a Consumer Rescind? Jesinoski Revisited

    in Finance

    The parties were invited to attend a meeting at which the borrowers signed the papers. The originator is usually not in attendance. The closing agent, usually a title agent, takes the signed documents into escrow. At some later time the alleged loan is "funded" by a wire transfer from an unknown source. The borrower believes that the originator is loaning him the money. In truth it was a "table-funded" loan in which the name of the actual lender was actively concealed from the borrower and the actual "loan" was not funded until some time after the meeting. Later the mortgage is recorded and the note is released from escrow and sent to someone whom the closing agent assumes to be authorized to receive it. When was consummation?


    Later the successors to the loan documents will allege that the loan closing was "consummated" at the time of signing, but that is not right. If there was a consummation of the loan at all it didn't occur until hours, days, weeks or months or even years after the meeting. It is a question of fact as to when the alleged loan was consummated. And if there was a table-funded loan there might have been no consummation at all. Instead whoever the real lender is might have some claim for quantum meruit or unjust enrichment to get their money back but if they raise that claim they cannot do it using the note and mortgage. So when does the three day period commence for rescission? When does the three year period begin for rescission? Is there a time when the borrower is prohibited by statue from sending the notice of rescission? And what happens if some company steps up and complies and then asks for the money? They don't have to object to rescission --- they can agree. If rescission is effective when mailed, who can vacate it?

  • 00:56

    Ron Siegel Radio Network June 23, 2015

    in Real Estate

    Ron Siegel of Anaheim Hills, CA, Krista Lombardi of San Diego, CA, discuss: current events, financial markets, politics, and even poking fun at the rest of the media in a live radio broadcast from Anaheim CA on NBC Talk Radio. 


    Ron and Krista discuss: I listed my home, but it is not appearing on Zillow or Trulia, what happened; Why won’t a seller accept an offer using an FHA or VA Loan, even though property qualifies; After 10 years in the business, you must have “seen it all”, correct; First-Time Homebuyers Lead the Way in May; How to Improve Your Credit Score by Labor Day; Why the Lowest Mortgage Rate Can Turn Out to Be a Bad Bet; Mortgage Minute; Your Credit Matters; Real Time Real Estate; Word on Wealth; The SLT will Provide a Complementary Real Estate Action Plan (R.E.A.P.) Semi-Annually, and so much more.


    Ron Siegel, consumer advocate and mortgage lender, discusses anything that affects the roof over your head, your bank account or other items that will benefit you / your family.


    Reach Ron at                  


    ·         800.306.1990 


    ·         Ron@RonSiegelRadio.com


    ·         www.RonSiegelRadio.com


    ·         www.SiegelLendingTeam.com


    ·         Twitter: @RonSiegel


    ·         www.Facebook.com/RonSiegelRadio

  • 00:34

    THE DAILY COMPLAINT (NATIONSTAR MORTGAGE/BAD CUSTOMER SERVICE/FRAUD FEES/CFPB)

    in Finance

    TODAY'S SPOTLIGHT:


    NATIONSTAR MORTGAGE BAD CUSTOMER SERVICE NON-ENGLISH SPEAKING REPRESENTATIVES FAILURE TO COMPLY WITH REQUESTS FRAUDULENT FEES CONSUMER RIGHTS CFPB HELP


    "the daily complaint"


    Every weekday we answer client complaints on The Daily Complaint to provide direction and resources for both the person complaining as well as other consumers experiencing similar issues whether it be mortgage fraud, loan servicing escrow issues, loan modification runarounds or denials, short sale refusals, deed in lieu negotiations and credit card debt collector abuses and fraud violations.


    I routinely look for posts to answer in hopes that it will not only bring optimism to those homeowners and borrowers in distress but also some basic information to assist in fighting the banks that are "too big to fail" like Bank of America and Citi but yet don't appreciate the bailout that we provided in their time of need.  The debt collectors like Ocwen and Nationstar are simply just piranhas but they can be beat at their own game too just like the big banks can be defeated.  


    We are committed to answering consumer complaints and addressing everyday credit and debt issues on The Daily Complaint and I thank you for your continued support!


    We hope you enjoy the Show...


     


    Dana Shafman


    Managing Member


    END Consulting


    Phone (888) 234-7006 Ext 101


    Fax (888) 234-7096


    Dana@ConsultingEND.com


    Every new beginning comes from some other beginning's END!


    THE DAILY COMPLAINT - LIVE WEEKDAYS AT 8:30 AM PT (CA) & 11:30 AM ET (NY)