NBC Today Show Interview | Real Estate Steals in South Florida | South Florida Charles Rutenberg Realtors and Investors Laura Trebatch and David Dweck featured on the NBC Today Show. Contact them today at (561) 886-8072 or http://www.LauraTrebatch.com
Duration : 0:3:44
Attorney Negotiated Mortgage Modification for Home Owners. Expert Advice on Real Estate and Loan Mods. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To http://RealEstateMarketingThisWeek.com
Part 3 (Excerpt)
Beware of phishing schemes and bank scams GMACs clients hit hard
As promised just before the break, I told you to, listen in if you know anyone who has a GMAC Mortgage, this is one of those too good to be true things. Heres the thing, I have no issues what-so-ever with GMAC, thats not what Im saying, what Im saying is there is a scam of sorts that is going around. A client of ours received a letter, we did a second mortgage for this person a few years ago, they received a letter from GMAC, it looked like GMAC, it sounded like GMAC, and it said that we are willing to forgive your second mortgage of 200 and some thousand dollars in lieu of a one time payment, payable within the next 30 days, of say 20 thousand dollars.
I dont recall the exact amount or what it was. There is a phone number on there, it says loss mitigation department on it, a person assigned to this case. They called the phone number, they answered the phone as if you were calling into the loss mitigation department, and verified if you just send us this amount they will release the lien. Well it is completely false. It is absolutely not true.
These people are not going to seek you out on their own, now whether it be GMAC, today we have actually seen that one, there may be other ones out there. Folks, if you are getting stuff like this you need to verify it and you need to verify it by sources other than the information on the letter that you have received. If you get an email that says your bank account has been tapped into you need to check, chances are it is some kind of a phishing scam and this is no different.
We have gone back to identity theft through the mail and if you have been a party to this you need to verify and check into it, and you need to contact the authorities immediately for more information, if you need help with this sort of situation you are welcome to give us a call at 480 Velocity.
It is pretty amazing that that kind of thing still exists, and with the announcement by Paulson today that the fact is they are no longer willing to buy bad mortgages off the books of the banks. When you come across a phishing scam such as this one there is not a bank out there, I dont care what kind of trouble they are in, that is going to take $0.10 on the dollar to forgive a loan.
In a situation where things are going well, you are right in a situation where things are going well, and the status quo, they are going to be pursued by an attorney, that is entirely different, they are not just going to volunteer up and give you the money, its not going to happen.
Absolutely not and thats where we get back into what a loan modification is, who it benefits, and how it works and so forth, you are starting to see these wheels in motion amongst all of these banks. One of those wheels is certainly not well forgive $200,000 in debt if you write us a check for $20, 000.
And when we have talked about this Brett you and I have had many conversations in regard to what does it take? Can a person do this on their own, we will get to that a little later, but the answer is Yes. A consumer can actually do it on their own, up until very recently with the new announcements made from some of these major servicers and investors, up until then, a person trying to do it on their own would take days upon days and hours and hours on the phone not getting calls back trying to find time during the day while working to get this done and in many cases they are going to get a temporary fix.
The loss mitigation department for the bank that you have your mortgage with, their job is not to mitigate your loss its to mitigate their loss. They are out to protect the bank, thats why we use the national network of attorneys that we do, that are specialists, that have done thousands of these loan modifications, that go to bat for you. By the way folks, they are not going through the loss mitigation door that you would have to go through they are going right to the legal department, they are going to threaten suit if necessary, they are going to do discovery work, they are going to find out if there was anything that was misrepresented either by the bank or the broker and take that angle…
Duration : 0:5:36
Real Estate Short Sale Video Course http://7SECONDLEADS.INFO Let’s get right to the point! Homeowners and Mortgage Lenders desperately need the help of well-trained competent real estate agents that are knowledgeable about Real Estate Short Sale marketing to help theCountry pull out of this financial mess. As Realtors and Investors there are tremendous opportunities in Real Estate Short Sale marketing to help people and families that are facing the devastation of being in foreclosure and facing short sale. While helping people improve their lives and avoid the stigma of foreclosure you will have the potential to substantially increase your income and separate from other non-performing agents by getting this Real Estate Short Sale knowledge. Get this video course today! WARNING: The information shown below may be a bit controversial for some Realtors and Investors. It may even be a little upsetting to a few misguided, untrained, inexperienced agents who’ve been have settled into a rut of just accepting their current financial situation and the state of the market as the reason they are not earning higher commissions. You are about to learn how true real estate professionals are making huge commissions on Short Sales! The forecasts are indisputable…the proof is endless…we’re not even…yet with all of this data and warning, most real estate agents did not prepare themselves as experts in an ever increasing niche with a HUGE demand for specialization. Why?
Could you imagine going to a doctor for a check up and the doctor not being in a position to help you? Worse yet, could you imagine being real sick and going to a doctor and his office telling you that the doctor doesn’t see sick patients? Sound far fetched? Really?
Well imagine being a homeowner in foreclosure, calling a real estate “professional” and finding out that they really have no way to help them or worse yet, having NO INTEREST in helping them because…it’s too much work?
Well, I don’t have to tell you that this is very true. In fact, you may be one of those agents who is not able to seize the opportunities in the Short Sale niche because you are untrained and inexperienced.
So lets fast forward to today. Unless you have been living under a rock you by now know that banks are failing, they are short on cash, and the United States Government is spending our money to bailout failed lenders and is preparing to buy toxic loans to the tune of..$700 Billion Dollars! Still think this is just a passing fad? Think that Short Sales are not here to stay? Still think you can get by without knowing how to correctly execute a Short Sale?
Wrong! The conventional housing market is an unprecedented free-fall! If you are sitting around waiting for the housing market to normalize then you might as well quit the business.
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Duration : 0:7:35
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Duration : 0:3:18