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Foreclosure Freedom Network
10718 Nassau Ave Sunland, CA 91040
(877) 333-4506 Phone · (888) 291-1887 Fax
connie@foreclosurefreedomnetwork.com
Our Purpose and General Outline
Our purpose is to help homeowners prevent foreclosure. We help them stay in their home if at all possible. We are dedicated to helping to unravel this complex situation we are all in today, and help mold and create optimum survival for all involved. It’s a big job, but we have 50 years combined industry experience and know how to help you through this tidal wave.
You are no doubt aware of the foreclosure debacle we have at present. The abundant loan products of yesterday have become tombstones for our foreclosure victims. The lending industry has side stepped into a position of ‘over qualifying’ new loans. The result of this is a complete pendulum swing from the high volumes of two years ago. There is no more ‘sub-prime’ industry and there are no products out there for these people to move to when their ARM resets causing their payments to double!
Most Short Sales or Loan Modifications require a few documents. Check out our BLOG for specific and/or additional forms needed:
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A few simple ‘fill in the blank’ forms.
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Payroll Stubs and/or Proof of Income for one to two months.
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The last two months bank statements.
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Tax Forms or Profit & Loss Statements.
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All correspondence received from the Lender, Lender’s Attorney and/or Sheriff.
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What if you don’t qualify?
Even where one doesn’t qualify for a Loan Modification or Deed in Lieu of Foreclosure, because income is out of range (too high or low) often we can get Short Sale approval. There is no guarantee of this but there is no cost to you and we have succeeded often where others have failed.
Speed is your biggest ally at this point. Without it you can lose everything. Our help in this is invaluable. We ensure it’s priced to sell and negotiate with the lender once a buyer if found at an amount short of the mortgage amount and press the lender to proceed with it.
Connie Saunders
Founder
Do you work with people in Florida?
Yes!!! We help people all over the Country!!!
Very useful post. where can i find more articles on this subject ?
go to http://www.foreclosurefreedomnetwork.com and look at the video on the home page and there are additional videos in the video library. All helpful toward getting loan modifications.
Connie
Hi there, I found your blog while searching the net for home foreclosure prevent and your post on About Us looks right on!
Hmm, interesting post. Wondering what site you did your researching through.
Does anyone else have any experience with this?
Hi… I found your post FFN-Blog » About Us very interesting. I always find very insightful posts on your blog.
For any of you who are helping to get a Loan Modified, listen to my Radio Show on http://www.KCAARadio.com 1050 AM San Bernardino station. Great Radio Show every Thursday at 2 PM. You can view these shows top left of this blog as well as on the KCAA Radio Thursday page – going to the Foreclosure Freedom Network Icon where you can select the Podcasts button and download these for yourself.
Connie Saunders
Foreclosure Freedom Network
I don’t get it. How does something like that work?
Looks like I found another great site to add to my feed reader. Mark
Your are Great. And so is your site! Awesome content. Good job guys! Interesting article, adding it to my favourites!
Hey, ok, I get it, I guess – but does this really work?
Hey, ok, I get it, I guess – but does this really work?
Hey nice post …. Keep up the great work
As lame as it sounds, I found this searching for golf putter stuff. Mark
Thomas Jefferson said in 1802:
‘I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property until their children wake-up homeless on the continent their fathers conquered.’
Dear Clients and Friends;
The Alumni of Goldman Sachs clearly do not agree with Thomas Jefferson – and some of you may be well aware of this or perhaps interested enough in our current economic scene that is weighing in on us almost mercilessly at this time to check out an article from my friend, and a former banking executive, Bruce Wiseman, on the ubiquitous presence of Goldman Sachs alumni in every dark aspect of our National and International financial meltdown.
I am a believer in getting to the core of an issue for a real handling. It is more than nice to have volumes of people informed and for my small part I am offering up for your consideration the above quote from Thomas Jefferson and Bruce’s recent article on Goldman Sachs: http://brucewiseman.net/index.php?option=com_content&view=article&id=60:the-goldman-connection&catid=34:finance&Itemid=27
(Note: This is a lengthy article, it is has some stuff worth knowing and permit me to suggest that once you have the article up you read it in a larger font – hit “control ++++”).
If you are wanting to do something more I suggest that you support Texas Congressman Ron Paul’s initiative to audit the Federal Reserve Bank – http://www.ronpaul.com/2009-07-08/ron-pauls-bill-to-audit-the-federal-reserve-now-has-250-co-sponsors/. As of July of this year Ron Paul already had 55% of Congressional Representatives co-sponsoring HR 1207 with him. Grand public support will make it happen – and that will make a difference because, misinformation and secrecy is no small part of our current economic crises.
Do you know that the Federal Reserve Bank is not federal, has no reserves and is not a bank? Is that more mis-information than we all need? Let’s find out about these guys – check out the above links and even pass this email on if that works for you.
Thanks,
Ron
Thank you so much, there aren’t enough posts on this… or at least i cant find them. I am turning into such a blog nut, I just cant get enough and this is such an important topic… i’ll be sure to write something about your site
I’ve been waiting for several months to get my loan modification off the ground. It seems they take forever and I wish I had better prepared myself by reading more blogs and articles like this…I think I coulda done better.
Hey, I just wanted to say what a fantastic website. I certainly enjoyed it and found it entertaining reading. Can’t wait for your next post!
REALLY good post here. This is a fantastic explanation.
This is some very information, I just finished my paper for class and wish i would had found this article sooner. You may have just made me a regular
Hi. Very nice Blog. Not really what i have searched over Google, but thanks for the information. Can you email me back, please. Thanks so much.
hi i really enjoyed your post and i will be sure to read through the rest of your blog… I really appreciate the way in which you look at this subject, looking at this in a new light as they say.. bookmarked!
Thank you for the information. I have been trying to avoid foreclosure and this helps me greatly to put things in perspective
Magnificent! You undoubtedly have it down, bookmarked!
How long has this blog been around? I have been searching for this kind of information for the past week and a half.
Connie – thanks so much for your tireless work on getting the short sale completed. I know this would never have happened without your efforts!!! I will send out your $1000 fee next week. Do you have any thoughts on what may happen from here in terms of Chase “forgiving” the loan, or still trying to collect on it or??? Just wondered what other people have experienced. Again – you have been unbelievable in making this happen and I am thrilled with the results. Going to Florida and finding out first hand what had happened, talking to the various governmental agencies, working with Connie Clegg at Chase, communicating and updating me and anything else you did that I’m not aware of, all certainly played a decisive role in accomplishing the short sale. I truly appreciate your efforts and that of Patricia and your staff bringing this to closure. Hope all is well with you!!
CB
You’re very welcome and you’re right, lots of long hard work! We’ve checked with the negotiator’s assistant who explained your approval letter, though not specific as to forgiving deficiency, is the one that doesn’t prompt any deficiency collection action. Additionally when reviewing the other properties released in the same complex with similar ‘approval letter’ used, these all forgave deficiency in the actual Satisfaction of Mortgage. So we’ll see. In Florida lenders have 60 days to record a Satisfaction and we’ll be checking on this in about 50 days!
It was a pleasure working with you as well!
Connie Saunders
Foreclosure Freedom Network
I thought it was going to be some boring old site, but I’m glad I visited. I will post a link to this site on my blog. I am sure my visitors will find that very useful.
Nice blog!
Dear Connie,
I just wanted to thank you and let you know how valuable the time you spent on the phone with me today really was. As you know, we’ve been struggling to modify our second mortgage for two years and while we now have an affordable payment on the first, the overall picture is pretty dismal with such an upside-down situation.
In a house that needs as much repair as this one, we have looked at the long term and it can seem overwhelming. We want to do the right thing and handle our responsibilities, but the stress has been just too much. Talking with you, getting data, learning what our options are, gave me much relief.
I feel you are a true professional in your field. Not only are you the most knowledgable person I have talked to, but your compassion and willingness to help are really exceptional. Your persistence with our first mortgage modification was just amazing. I would have given up, months earlier. Your patient, persistent and potent actions really set an example of overcoming confusion and getting a real result.
As life moves forward and our situation becomes such that continuing to fight to stay in our home no longer seems to make as much sense, you provided, today, even more help, more knowledge, and such a thoughful consultation, just when I needed it most. Thank you so much for all the time and care, once again.
I feel very lucky to have met you, to have found someone who continues to study in their field and to maintain vital communication lines within it. I feel you will make a real difference, not only to your real estate clients, but to other professionals you will work with, consult with, and study with. I am confident each of these will notice that you are truly an outstanding professional, as knowledgable as you are caring, as interested in the well-being of organizations as you are in the well-being of your clients.
I know I will ask for your high quality help as things move forward. I feel safer and more able to take needed action with your assistance and this makes all the difference.
Sincerely,
S
Hello , this is a bizarre question and it seems a scam to me, but we know of some people that are paying money on the side to someone in the bank and he guarantees them 2% interest on the life of the loan and maybe even priciple reduction.
you ever heard of anyone ever pulling that off or are they getting scammed?
ML
R.D.
I haven’t heard of that kind of a deal and it does sound like that’s an explosion ready to happen. Particularly if this guy is pocketing this money and isn’t following the rules but going around them to get this to happen. I think this depends on who he is and whether or not this is being done under the table or above with full disclosures and permissions. If completely covert ‘all on the hush hush’ then it is no doubt a scam and it could be as simple as a) he doesn’t work there, he’s just gotten hold of a list of property owners with loans with this lender (which you can do – where you get the loan number and all sorts of data that would make it easy to appear to be the lender and run a scam). or b) He does work there but will soon be fired – once a supervisor finds out or once someone comes along (including Fannie) and finds out what he’s doing and disallows it, reversing the deal. It would then be a shame on you for participating in such a caper and therefore would be discreditable for you to disclose this and scammers do this kind of a hook to get the guy to be too embarrassed or afraid to disclose the scammer because of the potential for them to get in trouble too.
There is currently a class action suit in Las Vegas on Aurora Loan Services for doing this kind of a scam with people, collecting millions before they were closed down on the scam and now the people scammed are angry but many ended up with the deal reversed, owing tons of money or else FC would move forward and then they foreclosed. It’s a good idea to run the details of anything seeming to be shady past a party higher up the food chain at the servicers place of business. I have, on the other hand, seen some loan servicers be given tons of leeway to keep people in their homes and give the guy a break, where they can. Wachovia is like this, very good and fast deals, but regardless, it cannot hurt to run whatever suspicious past a higher officer in the institution and be sure to get names and employee numbers when getting this – so that you can verify employment is actual.
Hope this helps.
Connie
Hi Pat and connie,
Below is SABR loans data – looks to be a subsidary of Wachovia/Barlclay’s – do you have contacts with these guys at all?
Hi Virginia, SABR LLC Trust 2006-FRI is a Trust established to receive asset Backed securities, to be deposited c/o Wells and serviced by HomEq.
Bottom line on any mortgage backed securities ‘trusts’ is that they are serviced same way as any other but the actual property (the notes) are controlled by a trustee who then calculates how it is disbursed amongst the purchasers of the securities. There are many layers of risk and it’s very complicated. It’s a convoluted process and largely responsible for the recession of today, because it was a “bright” (from a shortsighted viewpoint) idea on how to get money that wasn’t Government sponsored (per se) into the market when the market should have leveled out back in the mid 2000′s. By pooling properties and then not selling sections of the properties but just selling ‘shares’ in a security backed by those mortgages that would go up and down in value like any stock, they made Real Estate more “liquid”, but also were able to create the impression of a continued rising ‘bubble’ that would never burst. It just gets better and better, the more you know about this, but the weasels involved in this made many billions and left the government and the rest of the country out to dry. So to answer your question, yes, we have lots of experience with weasel trusts like this, there are so many that it covered over half of all of the toxic mortgages out there. This is just one of many, many.
Connie@ffn
Dear Connie,
Thank you for responding to this. What are your thoughts, is this something that you can help me with. We have been introduced to a gentleman who says he can get us a loan mod, (money back guarantee). We have filed a motion for a BK 7 that will only take us to the 12th of this month and on top of that, the bank has tried 3 times to foreclose on us, the last one being on 3/30. Any help or information you give me would be greatly appreciated. Jenn speaks of you VERY highly.
Thanks so much, Virginia
Hi Virginia,
It is against the law now in the State of California to charge money up front for Loan Modifications. [Governor Arnold Schwarzenegger signed Senate Bill 94 (Calderon) which prohibits any person, including real estate licensees and lawyers, from demanding, charging, or collecting an advance fee from a consumer for loan modification or mortgage loan forbearance services. IF YOU ARE APPROACHED BY ANY PERSON REQUIRING UP FRONT FEES FOR THESE SERVICES DO NOT PAY THEM.] So if someone is trying to charge this, they are already on the dark side and cannot be trusted. With a BK a lender won’t even do a Short Sale but the lender will file a motion to proceed with Foreclosure and generally these will be approved by the Court, because the lender will agree not to proceed with any claim against the note holder, but only wants the collateral back on the note to dispose of and get return on investment. {takes a few weeks to get and is rather routine these days}
It seems that you were once turned down for a loan mod, but I can’t be sure of that fact. If you tried and failed to get a mod, then it is possible that you may be able to qualify for the HAFA program (Home Affordable Foreclosure Alternatives). This program will allow you to exit gracefully from the property, in that you won’t have Foreclosure on your record and may not have to BK. The BK can be canceled and then you may be able to get a new Fannie Mae/Freddie Mac conventional loan in two years, rather than having to wait 7 years.
If you can get a non profit corporation or Housing Agency (such as California Housing Finance Agency) to purchase your property and ‘sell it back to you’ you may be able to one day buy it back and meanwhile rent this home from them. These opportunities are very limited, i.e. you must be documentably “low income” but with steady job and will need to be living in one of the neighborhoods hardest hit by the crises. Your best bet on this is if you were in one of the protected classes (black, hispanic…) and in a neighborhood stabilization target zone. But in addition to this the funds available are very limited currently because the Federal Government has not approved the latest edition of the Neighborhood Stabilization Program (#3) funds, so you and everyone else, may be out of luck all together. I don’t specialize in these areas and so wouldn’t even know who to send you to to get such an offer of support, but I do know that there is language in the HAFA program that will allow homeowners who do get such endorsement from a Non Profit who can and does step up to the plate to use their funds to purchase this property and sell it back to the homeowner, it can happen. My suspicion that these kind of loans are preferred for blighted areas like Detroit, but really I don’t know.
Meanwhile HAFA absolutely can help you, if you get approval to participate in it, which we can help you to do; but the key assistance will be in terms of giving you a runway of 120 days for you and your Realtor to sell your home in a Short Sale. They will pre-approve a price which theoretically will shorten the extreme runway in getting approval, though getting the HAFA pre approval itself requires that we get any second mortgagees to approve the HAFA short payoff (which is generally higher than lenders will payoff without HAFA, so they should – particularly with someone who has a BK in the works recently- approve it.) It also requires a month of ‘review’ of the basic requirements for HAFA in order to set you up for it. If we can get your lender to agree to hold off on Foreclosure to allow for this, then it can rock and roll. The end result WILL be much better for you then Foreclosure in several ways. 1. you’ll be able to continue in the home for longer than if it forecloses. 2. You will get cash for keys of 3K, which can help you to relocate. 3. You will be able to get another home (credit permitting) within 2 years rather than 5 or 7 years. 4. You will have to cancel your BK but the good part of this is not having the 10 year BK on record – trashing your credit. 5. If you have an ‘after purchase’ second mortgage, they will not be able to go after you later. Any such second absolutely can (and likely will at the right opportunity) go after you if the first forecloses, unless -of course- you proceed with the BK, so this opens the door to be able to get the BK off. 6. Most credit card vendors will automatically drastically reduce payoffs where BK has been begun and canceled, so it isn’t too much of a loss of advantage there. May need to pay some cents on the dollar but likely can get off with 10-20%. We don’t do this but you can and with that BK potential being the alternative it shouldn’t be hard for them to give you a break. If all of this is doable, then we can help you with it. Otherwise just complete the BK and allow the foreclosure and go for the cash for keys vs. eviction that they will likely offer you.
Hope this helped.
Connie@ffn
I am and a Short Sale and my Realtor is asking me to do all kinds of things in the basement to handle the mold and mildew when I think it isn’t really mold, it is the glue on the floor after we scraped tiles off of the cement floor. I don’t want to run a fan and heater down there or get a dehydrator or keep windows open. This is a Short Sale, why am I being asked to do things? Plus there is dirt under the house that is right behind the wall of the rooms, because this is on a downhill slant in the middle of the foothills. The smell is probably coming from the dirt. She says we haven’t been able to get any buyers on the home because they won’t come in at the current price but she won’t lower the price because the lender won’t allow it. Aren’t the lenders supposed to go with Current Market Value? She is trying to get me to improve the home – to get it to sell, when in the end I’m not going to get a dime out of it. What should my Realtor be doing? This is very frustrating. Sue
It’s possible that you don’t smell it because you’re desensitized to it.
My husband is a coatings expert and has helped to resolve similar situations in many homes. Technically it isn’t from the glue itself unless it was recently applied. Glue doesn’t off-gas years later. The situation most likely has to do with the proper sealing of the concrete. Often these situations are caused by the hydrostatic pressure of water on downhill grades, aggravated by water coming down the hill. It can be caused by sprinkler set ups or just rain but regardless is moisture driven. As you are saying, this basement room has dirt behind the wall, there is no question if you have any rain where you are or use a sprinkler on your lawn, that hydrostatic pressure can build up behind this wall and seep through the cement. If that cement hasn’t been properly sealed then you can get moisture coming through it and on top of that mold and mildew do love to grow. Believe me, if it smells like mold and mildew, it is. Don’t blame it on the glue. There are high tech sealers that will soak in and crystallize with moisture to put a super hard seal on it from the inside, which is probably the easiest solution, but with the drywall, one may not be able to reach the crete. You may need to remove the dry wall, seal and reattach it. Just google these words and you’ll find the products to use. All in all it is very likely to be a fairly easy job for you to do and save your home from the lender needing to Foreclose so that they can do the same thing.
Also, when was this drywall put in? Did you put it in? This is an important question. If you smell any rotten egg smell or sulfur smell and you put any walls up in the basement since 2001, you may be looking at a Chinese drywall problem. California was hit hard with Chinese drywall from 2001. That could complicate things and your lender should be informed, because they will likely be somewhat forgiving on this and allow for a new Broker price opinion.
But when doing a Short Sale it is important to try to get buyers into the “window of value” that the lenders broker price opinion has set for your home. When you force this value down with scary subjects like mold and mildew (with all of the negative commentary on these and the subject of water intrusion in general – today) you may deflate the value of the home artificially low, when it is just a simple matter of getting some fresh air into the room and drying it out. I would recommend what your Realtor is recommending, i.e. open windows a crack, keep heat in the room, UV if possible and a dehydrator or minimally fans to increase circulation. This is the least you should do. If this clears the problem up, you are likely correct in that it isn’t a difficult mildew/mold problem. But if you have moisture seeping in continually due to hydrostatic pressure into unsealed cement, you are best to seal it. A few dollars to purchase this sealer and get it applied can raise the sale price of your house by tens of thousands.
The bottom line is the lender foreclosing will spend a few hundred willingly to do this same simple handling and will get a much higher price. Part of avoiding Foreclosure is being sensible when it comes to the price you generate for your underwater home and on this subject, believe me, getting rid of the water cannot be understated. It’s just silly to have your home be impacted so negatively by the all mighty power of ‘doubt’when it comes to hazardous particulates that grow in moisture. The impact it will have on the potential buyers could be massive.
Your Realtors a keeper, get rid of the mold and mildew!
Connie@ffn