Stopping Foreclosure In Florida
Stopping Foreclosure In Florida
Homeowners who are interested in stopping foreclosure in Florida often fear coping with the facts that got them into that predicament in first place. If they think back to when they first purchased their property, losing the home was likely the farthest thing from their thoughts. Few Florida home owners actually have a plan to go into foreclosure when they buy their property but there are several methods for stopping foreclosure in Florida ranging from working with the lender to obtaining an opinion on the lagality of your mortgage paperwork.
Reasons For Pending Foreclosure
Aside from those who purposefully participate in fraud, with the intention of never making a single mortgage payment, most property owners can face unexpected conditions that force them to stop making their mortgage payments. Here are a few of those reasons:
Job loss or unexpected unemployment
Sudden illness or medical crisis
Death in the family
Divorce or loss of second source of income
Excessive personal debt
Job demotion or promotion denials
Inability to pay an adjustable interest rate that increases
Unexpected major home maintenance expenditure
Ways of Stopping Foreclosure in Florida
One way of stopping foreclosure in Florida is to prevent the filing of a Notice of Default. Lenders do not want to foreclose on a home but will record a Notice of Default to protect their investment, if necessary. If you know you are unlikely to meet your financial obligation, the first thing you should do is contact your lender.
Don’t procrastinate, be embarrassed or disregard contact from your mortgage holder because those reactions, or lack thereof, will make the situation worse, not better. Depending on your particular situation and circumstance, here are some alternatives your lender might propose for stopping foreclosure in Florida:
Time to make up your late installments.
Mortgagors might agree to hold off before taking legal action and let you work out a repayment plan that is reasonable for you. This is called forbearance.
Forgiving a payment.
If you can come to terms on a way that you will be current after failing to make a payment or two (without no means to repay it), the lender may give you a break and waive your obligation. This is called debt forgiveness, and it infrequently happens in Florida or anywhere else.
Spread out the missed installments over a longer term.
For example, if your payment is, say, $1,800 a month, the lender might let you add $150 a month to each payment for a year until you are caught up. This is called a repayment plan but if you have financial hardship, it is often of little help.
Changing the terms of your loan.
If your mortgage is an variable loan, the lender might freeze the interest level before it increases or change the interest rate to a more manageable rate for you. A lender might also extend the amortization span. This is called a note modification. There are government programs in place that can facilitate this process.
Stopping foreclosure in Florida by adding the back payments to your loan balance.
If you have sufficient equity and meet the lender’s lending guidelines, the lender might increase the loan balance to include the back payments and re-amortize the loan. This is called a refinance.
Make a separate loan to you.
Certain government lending options include provisions that let borrowers who meet certain criteria apply for another loan, which will pay back the missed payments. This is called a partial claim.
Ways of Stopping Foreclosure in FLorida
When the lender files a Notice of Default, your options are limited. That is why it is better for you to call your lender prior to falling behind on your payments, because lenders are often reluctant to work out repayment schedules once foreclosure proceedings have been commenced.
You will be given a certain time period to bring the payments current, pay the costs of filing the foreclosure and stop the foreclosure. This is called reinstatement of your loan. If you cannot make up the missed payments and the lender will not work with you, here are a few other options for stopping foreclosure in Florida:
Sell Your Home.
Interview real estate agents to get an opinion of market value and average DOM to sell your home. You might be tempted to hire a discount broker, but many sellers feel they need the direct exposure and marketing that full-service brokers offer. Compare both to determine which best meets your needs and time frame.
Consider a Short Sale.
If your home is worth less than the amount you owe, you might be a candidate for a short sale. A short sale affects credit rating but it’s not as bad as a foreclosure. You or your agent will need to negotiate with your lender to find out if the lender will cooperate on a short sale. This is called a pre-foreclosure redeemed.
Sign a Deed-in-Lieu of Foreclosure
This is called deeding the home back to the lender. The homeowner give the lender a properly prepared and notarized deed, and the lender forgives the mortgage, effectively canceling the foreclosure action. Lenders point out that deeds-in-lieu of foreclosure have an impact on credit the same as a foreclosure.
The lender might also work an arrangement where a home owner can remain in the home until finding a place to move into. Owners in default should negotiate the right to retain occupancy, reasoning that if the lender followed through on the foreclosure, an owner would still enjoy the right of possession during that procedure.
Stopping Foreclosure in Florida Through Legal Means
It is a little known fact that nearly 80% of all mortgage deeds contain errors of some kind. Some of these errors are severe enough to cancel a mortgage and qualify the borrower for a refund from the lender. Getting in touch with a qualified attorney to render a legal opinion is an important step if you feel that there may be something in your paperwork. Often there is no charge for a consultation and the chances are that you may prevail.
The important thing to remember when you are in this tight situation is to leave the lines of communication open between you and your lender if you wish to have any hope of stopping foreclosure in Florida.
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florida foreclosure attorney, Foreclosure, foreclosure in california, foreclosure process, foreclosure process in california, stopping birth control, stopping birth control pills, stopping by woods on a snowy evening, stopping foreclosure in florida, stopping lexapro, stopping power, stopping zoloftHomeowners: Your Foreclosure Choices Reviewed
Are you a homeowner who is facing foreclosure? If so, you could be unsure as to what your options are. Now is the time to find out. Why? Simply because you may be surprised how numerous methods you’ll find to steer clear of foreclosure. When foreclosure is avoided it is possible to either retain your property, maintain your credit in great standing, or do both.
When facing foreclosure, the 1st step you must take would be to approach your bank. It is most effective if you do this prior to the problem of foreclosure arises. Once it does, it’s still not too late to schedule a meeting with the chief loan officer at your bank. Should you can prove that you intend to get your mortgage back in great standing or that your financial troubles are only temporary, your lender may perhaps hold off on foreclosure.
Even if your lender is willing to work with you, keeping your house could not be in your greatest interest. If you’re having long-term financial hardships, it might be within your most effective interest to sell your property before it enters into foreclosure. When making this decision, you could wish to talk to your lender. They may agree to enable you to proceed with a pre-foreclosure sale. In fact, they could hold off on the method of taking your home, giving you ample time to come across a new buyer. When selling your house as a pre-foreclosure, your residence could be listed as for sale by owner or by means of a professional realtor.
Even in the event you don’t contemplate a pre-foreclosure sale to be an option, you should expect to hear from hopeful buyers. Whenever you are delinquent on your mortgage, particularly to the point of foreclosure, this details becomes public knowledge. Some buyers, namely professional investors, seek out those in trouble. Even though having a stranger appear at your door or call offering to acquire your house could be rude, it’s a decision that you might wish to give serious thought to.
Yet another choice that you, as a homeowner, has during foreclosure to hire the services of an attorney. When doing so, see those with specialties in foreclosures or real estate. A lawyer can advise you on what actions to take. They can assist you understand the pros and cons of pre-foreclosure sales. In some states, attorneys can use bankruptcy as a tactic to stop the foreclosure proceeding. Although not a long-term fix, it may well get you more time to make a decision. It really is significant to note that bankruptcy, by itself has a whole list of pros and cons.
Most states have what are known as redemption period laws. These are designed to protect homeowners. They give you a grace period to reclaim your property. In case you can make great on your mortgage payment, the foreclosure proceedings will stop. States that have these laws usually enable you to reclaim your property even after it has been sold at a foreclosure auction. This is supplied that you act within the allotted time frame.
In the event you reside in a state where you might be not given a grace period or a redemption period, you generally have the option of buying your property once more. Anybody can place a bid at a foreclosure auction. With that in mind, placing a bid and being the winning bidder are two distinctive things. It usually takes a substantial quantity of cash to reclaim your house. Your financial lender will also likely attend waiting to pounce. If the bids aren’t high sufficient, they will buy your house themselves. This is done to minimize their cash lost. Later, your property is going to be offered for sale as a REO (real estate owned) home.
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Leave a commentTampa-Based Scott Keller, Presidential Candidate for 2012, Launches Own Comprehensive ‘Municipal’ Project in Home-Town Region to Show What’s Possible on the Local Level
Tampa, FL (PRWEB) December 31, 2011
The Tampa Transformation Project is an effort to transform St. Petersburg and Tampa and the surrounding counties into locally sustainable and advancing communities, especially the hardest hit and poorest areas, and everyone is invited to participate, regardless of political affiliation. It is designed to enable locals to have control over their futures, individually and collectively.
Beyond just creating tons of jobs or local work, it is also expected to help tremendously in solving poverty, reversing the tremendous foreclosure problem, easing retirement issues by providing a list of new options, expanding health care options and lowering their costs locally, ending hunger and homelessness, and solving local transportation problems among other things.
To accomplish the transformation, this project will involve the establishment and rapid expansion of a local currency, combined with greatly expanding an already existing local time bank to supplement the national currency locally, the establishment of a local alternative credit union/banking system, and the creation of a network of local co-op businesses and organizations. It also involves coordinating between and involving groups such as Code Green, Habitat for Humanity, Occupy Tampa, and Transition St. Petersburg among others who are already doing tremendous work but do not have a large reach yet and doing all of this in a very positive way.
Also, there will be a local transportation transformation including local automobile transformation efforts, solar buses, mag-lev trains, and other innovative technologies and approaches. A local education transformation will move to empower students of all ages to obtain a fully customized, mastery based, free education through innovative approaches to both teaching and funding.
“Of course local leaders and governments will be involved in the process as much as they are able and willing, yet the efforts will be mostly of the people, for the people, and by the people who live in the Tampa region,” said Mr. Keller. “We’re expecting great things from the greatness of people as they’re shown just what they’re capable of accomplishing when an effective and organized system is in place for citizens to work within and not be lost in the Governmental bureaucracy.”
Mr. Keller is a resident of Land O Lakes and is well aware of the struggles people have been facing as he, along with his family, has faced many of them as well.
His campaign and more information about the effort, along with contact information can be found on his website at http://www.keller2012.com.
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Posted in Help For Foreclosure | 'Municipal', 2012, Candidate, Comprehensive, HomeTown, Keller, Launches, level, Local, Possible, Presidential, Project, Region, Scott, Show, TampaBased, What's | Leave a commentNew Loans for People With Bad Credit Offered With Highest Dollar Amounts
Fort Lauderdale, FL (PRWEB) January 02, 2012
Money has become difficult to come by whether it is for refinancing mortgages, paying off credit card debt, car loans, college tuition, or just cash to help pay household expenses and stay even with the rising costs of food and gas. For people seeking bad credit loans, new offers will be provided by ReallyBadCreditOffers.com with higher loan amounts approved than previous offers.
The website offers visitors easy to follow guides to help people fix their finances and improve their credit. Additionally, visitors can read through what to expect when facing bankruptcy, foreclosure, or other matters commonly associated with money problems and bad credit scores.
?Getting people approved for what they need is our goal, making the lending process easier for borrowers? said Ariel Pryor, loan expert. ?We work to help people through emergency financial situations, and then provide the help to rebuild their finances on more solid footing.?
The Federal Reserve has reported sub-prime consumer debt for the 3rd quarter of 2011 at $ 792.3 billion revolving debt and $ 1,665.2 billion non revolving debt. These debt amounts have showed little movement throughout 2011 as consumers continue to borrow to get by.
?The average American consumer is facing a perfect storm financially,? reported Pryor. ?Getting approved for traditional financing is harder than ever, while more people than ever are facing unemployment, inflation, and high interest bills, all while carrying a bad credit history.?
The U.S. Department Of Agriculture has projected that the costs for all food to increase 3.25 to 3.75%. Grocery store prices are forecast to rise 4.25 to 4.75%. For those fortunate enough to have jobs in this economy, the average wage increase in 2011 was between 2.5% and 3%, which did not keep up with the increase in food costs. This occurred while housing prices fell an additional 3.4% from October 2010 to October 2011.
Rising gas prices, increased food costs and other economic woes hit consumers in the pocketbook, leaving many without the means to stay afloat financially. The website gives bad credit advice and compares the various resources available to help people facing these financial challenges.
?Good people are facing incredible challenges. It is important that people know there are resources to help provide relief.? said Pryor.
The website offers the beleaguered consumer guides to help reduce a households debt burden, tips to pay off high interest credit card debt and a number of bad credit personal loans that are easy to get approved and fund quickly for emergency needs.
About ReallyBadCreditOffers.com
A leading industry source of bad credit services since 2007, ReallyBadCreditOffers.com is continues to work to make rebuilding after bad credit easy and hassle free. The website provides information for lending and credit repair for the consumer to compare as well as loans that offer people easy approvals and quick funding.
Contact:
Ariel Pryor, Financial Expert
http://www.reallybadcreditoffers.com
(520) 344-2001
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Posted in Help For Foreclosure | Amounts, Credit, Dollar, Highest, Loans, Offered, People | Leave a commentKimble Glasper, 39, of Powder Springs, Ga., had an Successful Event that Helped Scores of Homeowners to Possibly Save Homes from Foreclosure.
Powder Springs, Ga. (PRWEB) December 29, 2011
Kimble Glasper, 39, of Powder Springs, Ga, helps struggling people learn they have options.
Foreclosure is an issue all Americans fear but unfortunately many Americans face. This past Friday, December 23rd, the Salem Baptist Church, Chase Bank, Wells Fargo, NACA, LUCHA and NHS all came together to present a free legal clinic to the residents of Atlanta. This event was available to individuals in need of assistance regarding foreclosures, loan modifications and bankruptcy at the Lord of Hope located in Atlanta, GA.
Kimble Glasper, 39, of Powder Springs, Ga., working with Start Ministries and David Smith (General Counsel of Salem Baptist Church), was a success because this event provided individuals with necessary information to possibly keep their homes. The event also helped individuals facing hardships realize they have options as well as help the same individuals find what option was best for their situation.
The event took place this past Friday at Lord of Hope. Attendees also had the opportunity to meet with volunteer lenders, prevention counselors and attorneys. They received personal assistance in beginning the process of saving their homes. The event received media coverage. This event focused on helping the people of Atlanta.
Today this event is still helping attendees from the Friday event. The individuals who attended this event are now working on solutions with their current banks. Due to the efforts of the individuals who volunteered. homeowners now have a chance to save their homes. This was an event that not only took the time to help the people of Atlanta, but restore hopes of again obtaining the American Dream.
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Posted in Help For Foreclosure | Event, Foreclosure, From, Glasper, Helped, Homeowners, Homes, Kimble, Possibly, Powder, Save, Scores, Springs, Successful | Leave a commentPlatinum Properties Investor Network Hosts ?Creating Wealth in Today?s Economy Bootcamp 101? for Property Investors
Phoenix, AZ (PRWEB) December 30, 2011
Jason Hartman, founder of Platinum Properties Investor Network, will be hosting his wildly successful ?Creating Wealth in Today?s Economy Bootcamp 101? on January 7th at the Hyatt Place Tempe hotel. Hartman?s ?Creating Wealth Bootcamp? is a powerhouse educational event that can revolutionize how property investors think about taxation, monetary policy, inflation, personal finance, asset protection and prudent wealth creation.
Prospective and seasoned investors alike are invited to attend this jam-packed one-day event with a bonus Phoenix foreclosure property tour the following day for only $ 97. Registration and agenda can be found at http://www.jasonhartman.com/creating-wealth-in-todays-economy-bootcamp-101/.
?Thousands of people are quietly growing wealthy every year because they repositioned their portfolio from the stock market to income property investing,? said Jason Hartman, president and founder of Platinum Properties Investor Network. ?Rental property has proven year in and year out to be history?s best investment.?
At ?The Creating Wealth in Today’s Economy Bootcamp 101,? attendees will learn exactly what it takes to begin investing in rental properties the moment you dive into the content. This is an actionable, clearly presented blueprint for success?designed to set property investors on the road to financial freedom.
The ?Creating Wealth in Today’s Economy Bootcamp 101? doesn’t even consider something a real investment unless it does the following:
Offers a 20 to 30 percent annual return on investment (ROI)
Allows you profit from the economically debilitating effects of inflation
Cuts the thieving middle-men out and allows direct investment
Provides true diversification
Is the most tax-favored asset in America
Turns banks profit model against them to practically steal money using legal leverage
Is so conservative your grandmother would love it
In just one day, Jason Hartman and his team will hand attendees the keys to successful property investing and provide every skill an investor will ever need for success: education, analysis, acquisition, management and wealth preservation techniques.
About Platinum Properties Investor Network
Platinum Properties Investor Network was created to help people achieve The American Dream of financial freedom by purchasing income property in prudent markets nationwide. Designed by Jason Hartman, the company?s Complete Solution for Real Estate Investors? is a comprehensive system providing real estate investors with education, research, resources and technology to deal with all areas of their income property investment needs.
Through podcasts, educational events, referrals, mentoring and software to track investments, investors can easily locate, finance and purchase properties in exceptional markets with confidence and peace of mind. For information, visit Platinum Properties Investor Network online.
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Posted in Help For Foreclosure | Bootcamp, Creating, Economy, Hosts, Investor, Investors, Network, Platinum, Properties, Property, Todays, Wealth | Leave a commentIs Real Estate the New Bond? New Direction IRA Inc. Reports Increase in Investors Opening Real Estate IRA for Cash Flow
(PRWEB) December 28, 2011
Bill Humphrey, CEO of New Direction IRA asks a question that could turn retirement investing upside down: “Is real estate the new bond?” New Direction IRA, a leading self-directed retirement plan administrator, reports an increase in Real Estate IRA investors who want cash flow during retirement. Historically, investors considered real estate an asset to hold for tax benefits and future appreciation. However, Humphrey reports, in today?s market, many investors are turning to real estate as an alternative to fixed income investments such as bonds, dividend paying stocks, and CDs.
Humphrey has heard many of his clients report the surprise of opening their IRA statement and seeing positive cash flow from a real estate investment. Historically, investors considered real estate an asset to hold for tax benefits and future appreciation. “That may be changing,” said Humphrey. Humphrey has seen many rental properties provide cash flow at rates of return unattainable in the traditional market, but he advises that with a self-directed account, the individual investor is responsible for finding and investing. The self-directed IRA allows for direct purchase of rental real estate, but Humphrey reiterates that the investor is responsible for everything but the tax records and other administration duties of the plan.
Some experts theorize that the current debt crisis in Europe combined with low interest rates world wide are causing investors to search for new alternative options. Humphrey reports that the search for alternatives is leading more investors to New Direction IRA. “We’ve seen many investors rejuvenate cash flows and strengthen assets in their self directed IRAs and other tax sheltered accounts.”
Many financial advisers do encourage both cash-flow-positive investments and capital appreciating investments. “The conventional wisdom is you can’t have both,” Humphrey said. Real estate is often perceived to be a capital appreciating investment only, but given current economic conditions, that perception may be changing. Humphrey wanted to be clear that New Direction IRA never provides financial advice. “The investor is responsible for what, when, how much to invest,” he said.
New Direction IRA has been seeing many new accounts opened with the specific intent to buy rental real estate. Humphrey reports that some of these properties are purchased with a loan, but more are straight cash investments within the IRA. The cash flow from an un-financed property can result in returns not available elsewhere. Investors with real estate experience or knowledgeable property advisers understand that, while still not a guaranteed return, rental property can provide stable long term cash flow as well as the hope that appreciation will return some day.
Investors wishing to take advantage of debt financing within their IRA often find that the higher down payments required by banks lending to IRAs leads to better cash flows as well. Those cash flows can be used to pay down the debt or make other investments within the IRA. For more information on the tax consequence of debt in an IRA visit newdirectionira.com
Price appreciation for real estate may return eventually, but today?s real estate investor is turning to real estate for current cash flows from their retirement assets.
The large number of foreclosures in the US has had two side effects:
1) There are more renters
2) There are more homes for sale, often at discounted prices.
Because foreclosure sales often require cash buyers, sufficient cash balances are often only available in retirement plans. IRA owned property can also be financed after the purchase.
Humphrey recommends visiting newdirectionira.com for more on owning real estate in an IRA. Humphrey continued, “You will find more details on our efficient processes, innovative investment options, and a through description of the rules.” Humphrey said, “Although the process isn’t difficult, for many clients the process is new. We are here to help you take charge of your retirement future.”
New Direction IRA, Inc., a self-directed IRA plan administrator with half a billion dollars in assets, also offers self-directed Health Savings Accounts and can be reached at 303-546-7930 or toll free at 877-742-1270. New Direction IRA teaches hundreds of free webinars and classes to educate new and experienced real estate investors and real estate professionals, so even a person with a small IRA fund can make big money for their IRA. Visit their website at NewDirectionIRA.com.
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Bad Credit Personal Loans To Help Relieve Financial Pressures
Fort Lauderdale, FL (PRWEB) December 28, 2011
The easy to get lending leader online, ReallyBadCreditOffers.com is announcing newly reviewed instant bad credit loans offering people easy access to money for post holiday needs. The fast funding offers provide borrowers a hassle free application process that can be completed in less time than it takes to finish a cup of coffee, and direct funding into a borrowers accounts.
The number of American households facing bad credit scores has increased dramatically since the economic hardships following the 2008 collapse. ?The average American consumer has been under attack from tightened bank lending standards, layoffs, stagnant wages, and inflation. Everything is becoming more costly,? stated financial expert Ariel Pryor at ReallyBadCreditOffers.com.
?Poor scores are more common and people can’t get loans from traditional banks, too many good people have a financial history that does not accurately reflect their character that is preventing them from getting approved for money they need, often when they need it most.?
The financial review site compares offers specifically designed for people with bad credit scores, as well as provides how to guides to help with common financial problems. The site compiles offers to help people get the money they need to solve immediate financial problems and resources to help improve finances over the long term and end short term financial emergencies.
“Bad credit cards, loans, and other offers are tools, that if used properly can help families survive and get back on track to better financial health,” said Pryor, adding, “People often have no other alternative following a bankruptcy or foreclosure, and these options offer folks a second chance opportunity to rebuild their financial reputation.”
?Bad credit loans are a tool that can reduce debt if they are used wisely. Most consumers have never sat down and laid out a budget that would indicate where their money is going, often people only need a little understanding and helping hand to get back into the fight for a better life,? added Pryor.
The website provides those with bad credit the opportunity to see rate comparisons, credit expert help, and guides showing how to payoff credit card debt. The offers can help ease the cash crunch and provide consolidation money to pay off credit cards and help consumers begin to improve credit ratings.
About ReallyBadCreditOffers.com
The leading source for bad credit offer information including easy to get bad credit loans, credit cards, debt consolidation and credit repair. Having helped thousands recover from severe financial problems the site continues to review and recommend powerful resources for those with bad credit.
Contact:
Ariel Pryor, Financial Expert
http://www.reallybadcreditoffers.com
(520) 344-2001
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Posted in Foreclosure Help | Credit, Financial, Help, Loans, Personal, Pressures, Relieve | Leave a commentBreakwater Announces Multi-Million-Dollar Settlement with Grubb & Ellis Real Estate
San Diego, CA (PRWEB) December 28, 2011
Breakwater Equity Partners, a consulting firm specializing in commercial loan workouts, announced today its completion of a multi-million dollar settlement with Grubb & Ellis Inc., a leading real estate company, and Lexington Insurance over the Met Center 10 property in Austin, Texas.1 After uncovering an alleged undisclosed structural flaw in the 345,000-square-foot office building, the owners and Breakwater Equity pursued legal action against Grubb & Ellis, its insurers, and other parties to achieve the settlement on behalf of the tenants-in-common investors (TIC). Proceeds from the $ 7.785 million settlement are earmarked to repair the property and restructure the loan.1, 2
In addition to the initial settlement, the investors anticipate achieving settlements for an additional $ 1.5 million with various developers, lawyers, builders, engineers and other parties. These pending settlements are anticipated to close in January 2012.3, 4
?Breakwater Equity has been fighting hard on behalf of the investors to save their investment and resolve issues in the Met Center 10 building,? said Phil Jemmett, CEO of Breakwater Equity. ?This has been a long struggle, but we are delighted to finally obtain justice for the small investors who were completely unaware of the structural problems with the building.?
The Met Center 10 tenants include PPD, a leading global contract research organization in the pharmaceutical industry, and the Texas Department of Insurance.
?We never anticipated fraud and legal malpractice when we first invested in the Met Center 10 office building. Through the efforts of Breakwater and our legal team, we saved our investment,? said Sam Brenner, Chairman of the TIC Steering Committee. ?Without their technical expertise and negotiation skills, the investors would be in a terrible financial situation. Breakwater fought a long and contentious battle to protect our rights. Were it not for Breakwater, we would have surely lost the building to foreclosure.?
Breakwater Equity, alongside litigation attorneys Hull Hendricks and O?Melveny & Myers, pursued legal action against Grubb & Ellis for allegedly misrepresenting the property by failing to disclose a structural issue with the building.1
?We could not have achieved this settlement without the persistence, creativity, and skills of our legal team: Hull Hendricks and O?Melveny & Myers,? said Jemmett. ?This has been a very complex case, and we owe our success to the dedicated legal team who worked diligently to help serve the investors.?
Breakwater Equity specializes in commercial loan workouts, and has over 200 commercial loan engagements completed or in progress. Armed with a team of legal, financial, economic, banking and real estate experts, Breakwater Equity offers a unique, multidisciplinary approach to loan modifications.
1. NNN Met Center 10 1, LLC, et al. v Grubb & Ellis Realty Investors; American Arbitration No. 73 115 Y 00140 10 HLT. An arbitration seeking damages against Grubb and Ellis Realty Investments for fraud and other misconduct relating to the sale of the Met Center Property to the Debtor, misappropriation of Property monies, and in the management of the Property.
2. Bankruptcy No. 11-30356 TEC.
3. Met Center, 10, LLC, et al. v. Met Center Partners-6, Ltd [1], et al., No. D-1-GN-08-002104 (261st District Ct., Travis County, Tex.). Lawsuit against architects (Susman Tisdale Gayle Architects, Inc., Studio 8 Architects, Milton Hime and Lisa Dambold), engineers (Reed Engineernig Group, Ltd. And Ronald F. Reed, Bihner Engineering, Inc. and Brad Bihner, due to diligence company (AES Due Diligence, Inc.), and construction company (Raymond Construction Co., Inc.) relating to damage of the Property.
4. NNN Met Center, 10-1, LLC, et al. v. Krugman, Biller and Reed Smith, et al., No. D-1_GN-10-004495 (353rd District Ct., Travis County Tex.). Lawsuit against attorneys who represented Debtor in litigation regarding Property (Kimberly Krugman, Andrea Biller, John Vishneski, Reed Smith LLP) and potential claims against Blair Dancy and Van Osselear Buchanan, LLP.
About Breakwater Equity Partners
Breakwater Equity Partners is a privately-owned real estate consulting firm located in San Diego, CA, providing commercial loan workout strategies and negotiation services to property owners and investors throughout the U.S. The Breakwater team, consisting of experts in finance, banking, real estate and law, has worked on over 200 commercial loan workouts throughout the US, with deep experience in a wide variety of real estate asset classes, including office, industrial, retail, multi-family, mixed use, master-planned communities, residential and land development, golf courses, and farming operations. Breakwater also specializes in Tenant-in-Common loan workouts. For more information on Breakwater Equity Partners, please call 858-490-3630 or visit http://www.breakwaterequity.com.
Contact: Melissa Marasco
Telephone: (855) 438-3553
Email: Melissa(at)ElleComm(dot)com
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Posted in Help For Foreclosure | Announces, Breakwater, Ellis, Estate, Grubb, MultiMillionDollar, Real, Settlement | Leave a commentKimble Glasper of Atlanta: Kimble Glasper Makes it Possible for Scores of Homeowners to Possibly Save Homes from Foreclosure
(PRWEB) December 27, 2011
Foreclosure is an issue all Americans fear but unfortunately many Americans face. This past Saturday, December 17th, the Salem Baptist Church, Chase Bank, Wells Fargo, NACA, LUCHA and NHS all came together to present a free legal clinic to the residents of Atlanta. This event was available to individuals in need of assistance regarding foreclosures, loan modifications and bankruptcy at the Lord of Hope located in Atlanta, GA.
Kimble Glasper of Atlanta: Kimble Glasper working with Start Ministries and David Smith (General Counsel of Salem Baptist Church) was unlike others of its kind. Not only did this event provide individuals with necessary information, but it helped individuals facing theses tribulations realize they have options as well as help the same individuals find what option was best for their situation.
At the Lord of Hope on Saturday attendees also had the opportunity to meet with volunteer lenders, prevention counselors and attorneys. They received personal assistance in the beginning the process of saving their homes. The event received media coverage. This event focused on helping the people of Atlanta.
Today this event is still helping attendees from the Saturday event. The individuals who attended this event are now working on solutions with their current banks because of the efforts of the individuals who volunteered. This was an event that not only took the time to help the people of Atlanta, but restore hopes of again obtaining the American Dream.
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Posted in Foreclosure Help | Atlanta, Foreclosure, From, Glasper, Homeowners, Homes, Kimble, Makes, Possible, Possibly, Save, Scores | Leave a commentHomes.org Provides Professional Analysis of the Madison Real Estate Market
Madison, WI (PRWEB) December 28, 2011
Home.org’s latest market report provides analysis on the health of the Madison real estate market based on the most current statistics and insight from local professionals. The report is the latest installment of an in-depth series that puts focus on local markets around the U.S., giving buyers and sellers a better understanding of what is happening in their local area rather than relying on national statistics.
Like the rest of Wisconsin, in November there was an increase in Madison home sales compared to the same time last year. The increase was fairly significant in Dane county, where home sales went from 244 in 2010 to 319 in 2011.
While there was a slight increase in the average sales price, the median sales price in Dane county fell by more than $ 3500 compared to November 2010 sales statistics. However, this is an improvement over the decline seen in October. Rob Keefe, the Chairman of the Wisconsin Realtors
Posted in Help For Foreclosure | Analysis, Estate, Homes.org, Madison, Market, Professional, Provides, Real | Leave a commentBay Area Property Management Company, Stokley Properties Announces that Lackluster Home Sales Boost Bay Area Rental Homes Market
Walnut Creek, CA (PRWEB) December 23, 2011
Bay Area property management company, Stokley Properties Inc. works closely with the real estate community to help their clients make the decision of whether to turn a home into a rental income-producing property. Currently, Stokely Properties is noticing a boost in the Bay Area Rental Homes Market due to lackluster home sales.
?It is important for a property owner to be aware of what the real estate market is going through now so that they can make informed and sound decisions,? Joseph Stokley Jr. of Stokley Properties Inc. said
Homeowners who chose not to sell their properties at depressed prices are deciding to wait it out and turn their homes into rental properties.
?We are seeing this happening more every month. The property owners are taking advantage of a very strong rental market as well,? reported The Contra Costa Times in Oct. 20.
Rents are also climbing sharply in the East Bay as people who were once homeowners look for places to rent after losing their homes to foreclosure or not making their mortgage payments.
Contra Costa County has seen a 7 percent increase since last year and Alameda County has seen an 8.7 percent increase in rents.
For more information on the Bay Area property management company, Stokley Properties Inc., call 925-658-1415, view it on the web at http://www.stokleypropertieseastbay.net or visit 1630 North Main St., Suite 54, Walnut Creek, CA 94596.
About Stokley Properties Inc.
The Walnut Creek company, Stokley Properties, provides complete property management services throughout the greater San Francisco East Bay Area, including Concord, San Ramon, the Bay Area, Brentwood, Martinez and Oakland. They provide professional real estate investment advice to enable clients to make well-informed decisions. Services include advertising and marketing, residential screening, leasing and retention management, property inspections and more.
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Posted in Foreclosure Help | Announces, Area, Boost, Company, Home, Homes, Lackluster, Management, Market, Properties, Property, Rental, Sales, Stokley | Leave a comment