LATEST NEWS

10-16-08:
NJ to Help Avoid Foreclosures, Economic Chief Says
By David M. Levitt - Bloomberg.com - New Jersey plans to provide ``major sums'' to help homeowners avoid foreclosure, said Jerold Zaro, the state's new economic development chief.
The state will help groups buy and lease back homes and require mediation to assist those in danger of losing property to foreclosure, Zaro said at a speech in Teaneck today to a group of real estate executives. The state also will provide $10 million for home heating oil assistance and $2.5 million to food banks, he said.
Zaro gave what he called a ``sneak preview'' of a speech Governor Jon Corzine plans to make today to a joint session of the state legislature.

07-08-08:
PA Governor Rendell Says New Mortgage Reform Laws Will Protect Homeowners, Save Homes
READING, Pa. , July 8 /PRNewswire-USNewswire/ -- Governor Edward G. Rendell today signed five bills to protect homebuyers, strengthen oversight of the mortgage industry and end key lending practices that leave homeowners vulnerable to foreclosure. He also urged current homeowners who are worried about meeting their mortgage obligations to call the state for help.
"I'm pleased to finally sign these important protections for homebuyers," Governor Rendell said. "I thank Rep. Pete Daley and Sen. Pat Browne for sticking with this package year after year until it got done. Getting a mortgage is the largest financial transaction in

02-26-08:
Home Prices Drop, Foreclosures Rise as Slump Deepens (Update4)
By Sharon L. Lynch and Bob Ivry-Feb. 26 (Bloomberg) -- U.S. home prices plummeted at the end of last year and bank seizures of property almost doubled in January, indicating the housing slump is deepening.
Home prices had their biggest fourth-quarter drop since 1991, the Office of Federal Housing Enterprise Oversight said today. The S&P/Case-Shiller home-price index showed prices in 20 metropolitan areas fell in December by the most on record. Repossessions rose 90 percent to 45,327 last month from the same period a year ago, said RealtyTrac Inc., a seller of foreclosure statistics.

DON'T Walk Away Plan

Are you facing foreclosure? Have you heard the recent hype surrounding "The Walk Away Plan"? In essence, they have created a program in which they allow you to walk away from your home and go THROUGH foreclosure. For this, you pay them $1,000. For that, you can hire us to help you stay in YOUR house using loss mitigation/loan modification, pursue a short sale or apply for a deed-in-lieu in which you avoid deficiency.

Are you seeing here that you have options?? Whether you want to stay or not it is certainly better to pursue one of the following options rather than consider letting your house go to foreclosure. If you are over leveraged on your home (you owe more than your home is worth) AND you CAN afford to stay than you may qualify for special loss mitigation programs like loan modification, interest rate freeze, special forbearance etc. You may even qualify for a principal reduction. If you are over leveraged and CANNOT afford to stay you STILL have options to avoid an actual foreclosure on your record. The options we offer you far outweigh the consequences that will follow you for abandoning your home and just letting it slip into foreclosure! If you notice on the "the walk away plan" site, they say you will pay their company $1,000 and they will "refer" you to their affiliate credit program. What is wrong with this picture? This means you will be paying MORE $$$ on top of the $1,000 after everything is all said and done! Foreclosure will haunt you and there is a lot more involved than just simply walking away.

We pride ourselves on helping you AVOID foreclosure and helping relieve the burden this market has placed on your shoulders. To find out more about the other services we provide, please click on "Our Services" on the left hand menu. Please remember that you ALWAYS have options. We are in the business of education. Not only do we want to help you through this trying time but we also want to educate you so that you never find yourself here again! Please know that help is only a phone call away. If you need help and would like a free, no obligation consultation from one of our trained professionals please click on the "Assistance Application" button on the left menu. The worst thing you can do is to do nothing at all!