Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 2/28/2012

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

FYI: See this post for some helpful info — Advice on Bidding for Foreclosure Cleaning and Other Lite Commercial/ Landscaping / Construction Type Jobs.

City Request for Proposal for Landscaping Services (Laredo, TX): City seeks qualified vendors to provide landscaping/lawn maintenance services for the Utilities Department. Scope of Duties: Restore landscaping to previous condition after water main breaks. Deadline to submit: Wednesday, March 8, 2012. Get full details on this city RFP for landscaping services.

Property Preservation Firm Seeks Trashout Crews (Miami, FL): Duties: Trashout crews need to rekey locks; secure / cage pools; board up window and doors; maintain/cut lawns, remove debris; clean interiors; etc. Get full details on this property preservation job.

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Spring is Almost Here! And, as these opportunities illustrates, there are plenty of foreclosure cleanup (and RE-related jobs out there). Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

Copyright Violation Notice: If you’re reading this entire post (snippets are fine) on any blog other than ForeclosureBusinessNews.com, it is stolen content. Scraping content (eg, using software to illegally copy and paste copyrighted content from websites and blogs) is becoming a common practice which affects every site owner. So if you see this content someplace else, please take a quick moment to send an email to [info]at[ForeclosureBusinessNews.com] (remove brackets, of course) so that we can take the appropriate action. Thank you in advance for your help.
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City Request for Proposal for Cleaning / Janitorial/Maintenance Services (Memphis, TN): The Downtown Memphis Commission (DMC) is seeking a contractor to manage cleaning of the Peabody Office Tower Parking Garage. Scope of Duties: clean stairwells, sweep litter, empty trash containers, pressure wash floors, etc. Liability insurance needed.

Contract Term: The proposed contract for services will be a three-year contract, to begin on May 1, 2012, with the Downtown Parking Authority (DPA) having the option to renew the contract for one additional year. The option to renew will be at the sole discretion of the DPA and will be confirmed in writing prior to the end of the first three years. Deadline to submit: Wednesday, March 14, 2012. Get full details on this city RFP for janitorial/cleaning services.

Property Preservation Company Seeks Handymen (Los Angeles, CA): Scope of Duties to be Handled: Lockouts, rekeying, trashouts, cash for keys, window boarding, ongoing lawn maintenance, etc.  Need digital camera to take/send before/after photos. Get full details on this handy man / property preservation job.

City Request for Proposal for Cleaning / Janitorial Services (Capitol Heights, MD): City seeks qualified proposal for Janitorial and Maintenance Services for municipal facilities, which include, Town Hall Offices and the Police Department.  Liability insurance needed.

Scope of Duties: Duties include, but are not limited to: collecting trash in designated receptacles; replacing trash liners; dusting/polishing furniture, including cabinets, counters, fixtures, etc.; vacuuming and spot-cleaning carpeted areas; sweeping and mopping all tile/linoleum floor areas; and spot cleaning walls, doors, door jams, partitions, light switches, etc. as needed. Get full details on this city RFP for janitorial/cleaning services. Deadline to submit: Wednesday, March 1, 2012 (4 pm).

Most Recent Job Listings

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 2/9/2012

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 2/6/2012

Related Posts

Want to Know Where to Find Foreclosure Cleanup Clients For Your Business? Look No Further than This . . .

Advice on Bidding for Foreclosure Cleaning and Other Lite Commercial/Construction Type Jobs

Advice on How to Bid on Janitorial and Commercial Cleaning Jobs

Foreclosure Cleanup Jobs: New Biz Owner Lands 10 Jobs from Property Preservation Company

Foreclosure Cleaning Jobs: Why Landlords Are Fertile Marketing Ground for Foreclosure Cleanup Businesses

Foreclosure Cleaning: How to Get Non-Foreclosure Cleaning Jobs

Foreclosure Cleanup: Many Cities Allocating Gov’t Funds to Cleaning Foreclosed Properties

FAQs About Cleaning Foreclosures a Living

Foreclosure Cleaning Business: Why You Should Never Discuss Rates or Prices Over the Phone

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright ©2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Good News for Homeowners Facing Foreclosure: Cutting Principal Balances on Home Loans Becoming a Reality in Many States

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Lenders are being pressured to cut principal balances on home loans like never before. It’s something that should have happened a long time ago. We’ve been discussing it here on this blog for a couple of years now, outlining in one post 3 specific ways cutting principal balances on mortgages would help to reduce the number of foreclosures; hence, help the housing crisis come to an end.

And, we weren’t the only ones. Experts, eg, a Harvard professor who was an economic advisor to the president, touted that cutting principal balances was the one thing lenders could do to stem the tide of foreclosures.

So, what took lenders so long to reach this all-too-obvious conclusion?

Stopping Foreclosure: Why It Took Lenders So Long to Cut Principal Balances on Mortgages

The official stance given by lenders has been that it would cost taxpayers too much. Proof? Edward J. DeMarco, the regulator who controls Fannie and Freddie, was quoted in The New York Times article, Pressure Grows on Fannie and Freddie to Cut Principal on Loans, as follows:

Mr. DeMarco has resisted principal reduction, saying it would cost taxpayers too much.

So, just how/why does this cost taxpayers? Basically, what happens when a lender takes a loss on an asset (eg, a home), they just pass that on to taxpayers in the form of losses on their balance sheets.

When you consider that many of these agencies/lenders received bailout money, it really is galling that they balk at reducing the principal balances owed on home loans. Taxpayers — many of them homeowners — have ALREADY paid, in the form of the bailout money many of these agencies took to get back on their feet. It leaves struggling mortgage holders shaking their heads in wonder, asking:

Where’s OUR bailout Mr. “Too Big to Fail, So I’ll Take Bailout Money” Lender?

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As we said, this something that should have happened a long time ago. The foreclosure crisis started in earnest around the fall of 2007. This is something that should have been presented and acted upon at least by 2009/2010, because this is when the third wave of foreclosures started to happen.

How the Foreclosure Crisis Unfolded: The Players in the Third Wave of the Foreclosure Crisis

This wave of foreclosure victims consisted NOT Of subprime mortgage holders or speculative real estate investors, but homeowners who had good credit, stable jobs and conventional home loans.

The Perfect Foreclosure Storm

Then, the rececession started to deepen; many lost their jobs, went through their savings and exhausted unemployment benefits. Couple this with the fact that many were underewater on their homes and had ARMs that were adjusting up, then it was a perfect “foreclosure storm” waiting to happen.

Now, one could argue that a fourth wave of foreclosures is happening. Who are the players in this? The mega-rich.

The bottom line is, a lot of this could have been averted if lenders and our leaders in Washington had gotten serious about the foreclosure crisis from the beginning.

Now, it seems they have no choice, thanks to the recent foreclosure settlements. FINALLY, it looks as if the Average Joe is going to see some foreclosure relief.

It’s about damn time!

Related Posts

The OTHER Foreclosure Settlement: You May Be Eligible to Be Paid TWICE – Even If You Didn’t Lose Your Home to Foreclosure

Home Foreclosure Question of the Day: Should Lenders Write Down Principals to Help Homeowners Keep Their Homes

How the Foreclosure Crisis Started: Investors, Speculators, Mortgage Fraud & Lax Lending Standards All to Blame

Home Foreclosure News of the Day: Some States Not Using Foreclosure Settlement Monies to Help Struggling Homeowners

Some Banks are Purposely NOT Foreclosing on Homeowners in Default: Here’s Why

Home Foreclosure News: Was Your Home Foreclosed on in 2009 or 2010? You May Have Money Coming (Or Other Options)

Foreclosure Deal: One REALLY Good Thing to Come Out of It for Homeowners

The Foreclosure Deal: Homeowners Who Lost Homes to Foreclosure Have Money Coming — and More Benefits for Those Trying to Hang Onto Their Homes

5 Banks Settle Foreclosure Lawsuits — How It Can Save Homeowners Facing Foreclosure Thousands of Dollars

Timeline For Foreclosure In All 50 States  

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

Get Foreclosure Help: How to Find Agencies that Will Help You Stop Foreclosure – For Free

Stopping Foreclosure: What the “Produce the Note” Defense Is & How It Can Help You Save Your Home from Foreclosure (Or at Least Stall)

Could Recent Mortgage Law Challenges Mean More Homeowners Won’t Face Foreclosure and/or That They Were Illegally Foreclosed On and Can Keep Their Homes?

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright © 2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

“Hot” Job Opportunities in the Foreclosure Industry

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Because of the recent foreclosure settlement, there are some hot job opportunities in the foreclosure industry these days. Most of these positions are in the compliance department. According to the BusinessWeek.com article, JPMorgan, BofA Strain for Qualified Staff to Clear Foreclosures, following are some of the positions these large lenders are seeking to fill:

The company [Bank of America] planned to increase risk professionals by more than 30 percent to 236 by the end of 2011, and by more than 40 percent in compliance to 308 people. 

Wells Fargo & Co., the biggest U.S. home lender, is looking to hire a new chief compliance officer  . . .

And . . .

Citigroup . . . expects to create 880 additional full-time positions . . . “to strengthen the operating model” [ie, operations staff]

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Spring is Almost Here! And, as this opportunity illustrates, there are plenty of foreclosure cleanup (and RE-related jobs out there). Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

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Why These Jobs are Available in the Foreclosure Industry Now

Part of the foreclosure deal that lenders struck with the government is that they would review how they foreclosed on homes. This means no more robosigning of documents, which means that more staff has to be hired.

The CNN Money article, The other foreclosure settlement: Millions of homeowners eligible, explains it the following way, stating:

As part of an enforcement action by federal authorities last April, 14 mortgage servicers, including Bank of America (BAC, Fortune 500), Chase (JPM, Fortune 500), Citibank (C, Fortune 500), HSBC (HBC), MetLife Bank (MET, Fortune 500), PNC Mortgage (PNC, Fortune 500) and Wells Fargo (WFC, Fortune 500), agreed to hire independent consultants to investigate foreclosure abuses and compensate those who suffered financial harm.

How to Apply for These Foreclosure Jobs

Check your local branches to see if they’re hiring; check major job boards like Monster, CareerBuilder and Yahoo; and network with anyone you know who works in banking/finance. In other words, use the same channels you would to find any other job.

The Best (and Worst) Way to Find These Foreclosure Jobs

Going directly to the source (ie, visiting/calling local branches) is always the best way to find a job. Networking is the second best.

Job boards tend to be the worst way to find jobs. BUT, now that you know lenders are actually hiring, if you spot their foreclosure job on one of these sites, apply as soon as possible — and follow up.

Good luck!

Related Posts

The OTHER Foreclosure Settlement: You May Be Eligible to Be Paid TWICE – Even If You Didn’t Lose Your Home to Foreclosure

Some Banks are Purposely NOT Foreclosing on Homeowners in Default: Here’s Why

Home Foreclosure News: Was Your Home Foreclosed on in 2009 or 2010? You May Have Money Coming (Or Other Options)

Foreclosure Deal: One REALLY Good Thing to Come Out of It for Homeowners

The Foreclosure Deal: Homeowners Who Lost Homes to Foreclosure Have Money Coming — and More Benefits for Those Trying to Hang Onto Their Homes

5 Banks Settle Foreclosure Lawsuits — How It Can Save Homeowners Facing Foreclosure Thousands of Dollars

Timeline For Foreclosure In All 50 States  

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

Get Foreclosure Help: How to Find Agencies that Will Help You Stop Foreclosure – For Free

Stopping Foreclosure: What the “Produce the Note” Defense Is & How It Can Help You Save Your Home from Foreclosure (Or at Least Stall)

Could Recent Mortgage Law Challenges Mean More Homeowners Won’t Face Foreclosure and/or That They Were Illegally Foreclosed On and Can Keep Their Homes?

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright © 2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Credit and Foreclosure: 5 Easy Things You Can Do TODAY to Start Repairing Your Credit After Foreclosure

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Starting over after foreclosure can be tough – especially if your dream is homeownership again. The AP article, Starting over after foreclosure, on Philly.com put it best, stating:

Next to filing for bankruptcy, nothing wrecks your chances of qualifying for a home loan like a foreclosure. . . That’s because the mortgage-lending guidelines most banks follow prohibit them from making loans to people with foreclosure or a short sale in their credit history, often for years. Never mind the hit a credit score takes.

How does a foreclosure impact your credit? How long does a foreclosure stay on your credit report?

A foreclosure stays on your credit report for up to seven years from the date of sale. However, in spite of this, you can start to rebuild your credit almost immediately to the point where you can qualify for a mortgage again in a few years (usually around three years).  You don’t have to wait until the foreclosure falls off your credit  report in 7 years.

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Have a Foreclosure On Your Credit Report? Here’s What to Do To Start Rebuilding Your Credit Immediately

 1. Pay All Bills on Time: Late payments are the number one reason credit scores drop. So if you’ve filed bankruptcy and/or gone through foreclosure, this is the easiest way to start repairing your credit.

2. Get More Credit: While this may not make sense, it’s necessary, especially if you filed bankruptcy and have no open/operational credit lines. You need to have credit to prove that you are credit worthy.

How to Get Credit When You Have Bad Credit 

But,” you may be thinking, “how can I get credit if I have bad credit (eg, filed bankruptcy/gone through foreclosure)?”

Easy . . . apply for a secured credit card. After 6-18 months, the line will become unsecured if you pay your bill each month on time, and creditors won’t know that it’s a secured credit card.

3. Open Checking/Savings Account: One thing lenders look for is a “normal” banking record. So, if you don’t have a checking and/or savings account (both are ideal), you’ll be looked at as a credit risk because most people with good credit do have these things. They don’t operate outside the credit lines (eg, using places like check cashing businesses to cash paychecks, paying bills with money orders, etc.).

4. Monitor and Dispute Items on Your Credit Report: Why is this important? Consider this: 

Your credit report contains information about where you live, how you pay your bills, and whether you’ve been sued or arrested, or have filed for bankruptcy. Credit reporting companies sell the information in your report to creditors, insurers, employers, and other businesses that use it to evaluate your applications for credit, insurance, employment, or renting a home. [Source: How to Dispute Credit Report Errors, FTC.gov]

A Disturbing Study: Poor Disproportionately Affected by Credit Report Errors

By some estimates, up to 80 percent of credit reports contain errors. The Bankrate.com article, 80% of Credit Reports Have Errors, states:

. . . nearly 80% of credit reports contain some error, and at least 25% have errors serious enough to lead to loan and credit denials.  Mistakes can range from misspelled names and inaccurate birth dates to listing “closed” accounts as “open”, or even listing the same loan twice.

So, if credit information is being gathered and sold about you, you want it to be correct, for it impacts things like interest rate (as well as being qualified to get certain jobs).

But get this — if you’re low-income, you’re even more likely to have errors on your credit report. Proof?

Overall, 73 percent of consumers surveyed reported having some kind of error on their credit report.  The types of errors were further classified and those that could impact a consumer’s ability to qualify for credit were called serious errors. Fifty-one (51) percent of consumers surveyed showed at least one serious error on their credit report – roughly double that of national averages. [Source: Rochester’s Poor Have Twice as Many Errors on Credit Reports as National Average, EmpireJustice.org]

5. Get Proactive: The main thing to keep in mind after going through a foreclosure or bankruptcy is to get proactive with your credit; monitor your reports (from all three credit bureaus; not just one); open credit lines (not too many — 2-3 should be fine); and pay your bills on time.

Learn more about how to repair credit so you can get on the road to home ownership again.

Repairing Your Credit: How to Get a Free Copy of Your Credit Report

Order free annual reports from the three major credit bureaus (Equifax, Experian and TransUnion) by visiting AnnualCreditReport.com or calling 1-877-322-8228. (Note: This is the only place where you can get free credit reports once a year without any strings attached. The “free” credit reports advertised by other sources aren’t really free!) [Source: How to clear mistakes from your credit report, MSNBC.com]

Good luck!

 Related Posts

Foreclosure & Credit: How Does Foreclosure Impact Your Credit Report?

Home Loan, Bad Credit and How to Qualify: Yes, It’s Still Possible, But . . .

Home Foreclosure News: Owning a Home Becoming a Lot Harder for Lots of Americans Because of the Foreclosure Crisis

Home Foreclosure: The New Credit Standards to Qualify for a Mortgage Brought on by the Crisis

Foreclosure Laws: Divorce, Debt & Foreclosure – What Every Dependent Spouse Needs to Know

Foreclosure Consequences: Exploring “Voluntary Foreclosure” 

Stopping Foreclosure: Loan Modification Program That Helps Struggling Homeowners  

Because of Home Foreclosures, Buying a Home Is Cheaper than Renting in Almost 75% of Largest American Cities

Cash for Keys Program: If You’re in Foreclosure and Have Filed Bankruptcy What You Need to Know

Renters Affected by Foreclosure at Greater Risk of Homelessness

Mortgage Loan Modification: Top 10 Questions About (Home) Loan Modifications

Home Foreclosures: Why So Many Homeowners are In Limbo When Trying to Refinance or Modify Their Home Loans Now

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright © 2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Home Foreclosure News of the Day: Rich Walking Away from Mortgages Just Like the Poor

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

According to the CNN Money article, Million-dollar foreclosures rise as rich walk away, rich people are losing their homes to foreclosure at a faster rate these days than poor people. And, it’s by choice. The article states:

Five years after the housing bubble burst, America’s wealthiest families are now losing their homes to foreclosure at a faster rate than the rest of the country — and many of them are doing so voluntarily.

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Voluntary Foreclosure: What the Rich Know that We Don’t

Speaking very generally, when most of us buy a home, we do so NOT as an investment; at least not totally. We do so because homeownership is a dream – a place to raise a family, build a community, send our kids to good schools, etc. And, when things go sour (eg, our homes lose value), we still do our best to hold onto it because it’s not looked at solely as an appreciating or depreciating asset.

But, the rich know better. They’re primed to think of every dollar they spend as an investment. And, what do you do with a bad investment? You dump it.

This seems to be what’s happening with many at the top end of the housing market. We can argue about the morality of doing a strategic default / voluntary foreclosure all day long, but the bottom line is, many homeowners are strapped for cash and feel stuck in homes that continue to deteriorate in value.

To “rebuild portfolios” and make them profitable again, many at the higher end of the economic scale know exactly what to do — dump the toxic asset and move on.

Related Posts

Home Foreclosure News: 9 Reasons Strategic Defaults (eg, Voluntary Foreclosures) Will Continue to Rise

How to Lose Your Foreclosed Home at Auction and Still Receive Thousands of Dollars 

Foreclosure Advice: Should You Continue to Pay Your Mortgage While You Wait for a Home Loan Modification?

Foreclosure News: Homeowner Hasn’t Made Mortgage Payment in 8 Years, Is Still in His Home & There’s Nothing His Lender Can Do About It

Foreclosure Consequences: Exploring “Voluntary Foreclosure” 

Foreclosure Crisis Deepens Yet Again: The One Thing Lenders Won’t Do That Could Significantly Decrease Foreclosures Immediately  

2 Foreclosure Options for Homeowners with Little or No Equity in Their Homes

Home Foreclosure: How the “Greed Is Good” Culture Has Come Back to Bite Us in the A**

Stopping Foreclosure: Loan Modification Program That Helps Struggling Homeowners  

Foreclosure Crisis to Drag on for Another 9 Years?

Mortgage Loan Modification: Top 10 Questions About (Home) Loan Modifications

Home Foreclosures: Why So Many Homeowners are In Limbo When Trying to Refinance or Modify Their Home Loans Now

Foreclosure & Credit: How Does Foreclosure Impact Your Credit Report?

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright © 2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Home Foreclosure News of the Day: Some States Not Using Foreclosure Settlement Monies to Help Struggling Homeowners

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

According to the HuffingtonPost.com article, National Foreclosure Settlement: Several States Using Funds From Deal To Close Budget Gaps, some states are not using the funds from the recent foreclosure deal to help struggling homeowners. So, what are they doing with it? Well, as you know, the economic crisis of the last few years – fueled in large part by the housing crisis – caused many states to have huge budget shortfalls because property taxes are a big source of revenue for many municipalities.

Now that 49 of the 50 states are getting huge chunks of money – millions of dollars which are meant to help homelowners affected by foreclosure – some state leaders are putting those funds to use to help with other state bills, eg, “to avert a huge budget cut for public colleges and universities.”

The aforementioned HuffingtonPost article states:

The ink wasn’t even dry on a settlement with the nation’s top mortgage lenders when Missouri Gov. Jay Nixon laid claim to a chunk of the money to avert a huge budget cut for public colleges and universities. . . . Like a pot of gold in a barren field, the $25 billion deal offers a tempting and timely source of funding for state governments with multimillion-dollar budget gaps.

The article goes on to state that the foreclosure settlement includes almost $3 billion (2.7 million to be exact) that states can spend as they see fit. However, it does present several quandaries, the most pressing of which is . . .

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What happens when all of the foreclosure deal money is used up by states that choose to use these funds for things other than dealing with the housing crisis?

Many states have huge holes in their gaping budgets. While the foreclosure settlement funds can help pay some immediate bills, the money is not going to last forever. Property taxes are a huge source of revenue, and there’s a backlog of shadow inventory in many cities these days.

This means that until these properties are re-sold, the states aren’t going to be getting that revenue. This could be two, three or five years down the road.

But, like a gambler going through his immediate winnings (ie, “windfall”), what happens when he runs through it all. Is the game up; ie, will affected homeowners – and the real estate market in these states – be the real losers?

The bottom line is, states have a fiduciary (and moral) responsibility to homeowners who were affected by the housing crisis – whether they lost their home to foreclosure or not — to do everything they can to shore up the real estate market in their areas and directly help homeowners.

Related Posts

The OTHER Foreclosure Settlement: You May Be Eligible to Be Paid TWICE – Even If You Didn’t Lose Your Home to Foreclosure

Some Banks are Purposely NOT Foreclosing on Homeowners in Default: Here’s Why

Home Foreclosure News: Was Your Home Foreclosed on in 2009 or 2010? You May Have Money Coming (Or Other Options)

Foreclosure Deal: One REALLY Good Thing to Come Out of It for Homeowners

The Foreclosure Deal: Homeowners Who Lost Homes to Foreclosure Have Money Coming — and More Benefits for Those Trying to Hang Onto Their Homes

5 Banks Settle Foreclosure Lawsuits — How It Can Save Homeowners Facing Foreclosure Thousands of Dollars

Timeline For Foreclosure In All 50 States  

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

Get Foreclosure Help: How to Find Agencies that Will Help You Stop Foreclosure – For Free

Stopping Foreclosure: What the “Produce the Note” Defense Is & How It Can Help You Save Your Home from Foreclosure (Or at Least Stall)

Could Recent Mortgage Law Challenges Mean More Homeowners Won’t Face Foreclosure and/or That They Were Illegally Foreclosed On and Can Keep Their Homes?

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

Copyright © 2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 2/22/2012

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Company Seeks Individuals / Small Businesses to Service/Maintain Vacant Properties (Multi-State Opportunity)

Scope: Company seeks individual contractors or small biz owners to provide an array of residential housing preservation and protection maintenance duties of various vacant properties, eg, single-family residential homes, condos, townhouses, vacant lots, custodial properties, etc. Duties include everything from repairing fences to lawn maintenance. Get full details on this property preservation job.

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Spring is Almost Here! And, as this opportunity illustrates, there are plenty of foreclosure cleanup (and RE-related jobs out there). Get your foreclosure cleanup “Business in a Box” and start this lucrative business right now for 40% Off! Click the box to learn how.

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Previous Foreclosure Cleaning/Commercial Cleaning/Real Estate-Services Related Job Leads Posted

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 2/9/2012

Foreclosure Cleaning, Construction & Commercial Supply Contracting/Job Leads for 2/6/2012

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P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Tweet it and follow Foreclosure Business News on Twitter.

Copyright ©2012 Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

The OTHER Foreclosure Settlement: You May Be Eligible to Be Paid TWICE – Even If You Didn’t Lose Your Home to Foreclosure

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Lately here on this blog, we’ve been discussing the foreclosure deal which was recently arrived at by five of the largest lenders in the housing crisis scandal. This deal offered some major benefits for homeowners who are facing and/or have faced foreclosure, namely, “the possibility of refinancing their home loan, mortgage forgiveness (aka principal reductions), home loan modifications, and even compensation — in the thousands of dollars.

Amid this hullabaloo, the CNN Money article, “The other foreclosure settlement: Millions of homeowners eligible,” reminds American homeowners that they’ve already had some recourse. How/why?

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The article explains, stating:

. . .  there is also an earlier settlement that has been nearly forgotten — and that could lead to an even bigger payoff [for homeowners[, in some cases . . . As part of an enforcement action by federal authorities last April (2011), 14 mortgage servicers . . . agreed to hire independent consultants to investigate foreclosure abuses and compensate those who suffered financial harm.

Millions Eligible; Less than 100,000 Taking Advantage of This Foreclosure Settlement

The article goes on to state that very few homeowners who are eligible have taken advantage of this foreclosure settlement. How few? Well, out of the over 4 million who possibly qualify, less than 100,000 have submitted claims to have this sort of “foreclosure forensic loan audit,” if you will, done.

What You Need to Know about This Foreclosure Settlement: Key Points

Compensation; Get Paid for Even Small Infractions by Banks: It all depends on your circumstances, but you stand to get money back for even a single infraction if the independent “foreclosure consultants” discover that lenders committed a transgression during your foreclosure process.

Be Paid “Twice:” According to the CNN article, you can “double dip,” meaning you can qualify for compensation under this foreclosure settlement, as well as the other foreclosure deal. This is huge!

No Foreclosure to Qualify: You don’t actually have to have lost your home to foreclosure to qualify for compensation.

Not Papework Intensive: Homeowners don’t even have to provide initial documentation. All you have to do to get started is fill out a 5-page form. They foreclosure review specialists will take it from there.

Deadline to Submit Has Been Extended But is Coming Soon: Because so few homeowners have taken advantage of this particular foreclosure settlement, the deadline to submit a claim has been extended to July 31st, (from April 30th).

How to Find Out If You Qualify for Compensation Under This (or the Other) Foreclosure Settlement

To find out if you qualify for compensation in this foreclosure settlement, Read the last paragraph in the CNN article, which basically tells you to visit the website that has been set up by the loan servicers for this independent foreclosure review. For all of the lenders / loan servicers taking part in this foreclosure review process, you can also visit the Federal Reserve’s site.

To find out if you qualify for compensation in the previously mentioned foreclosure settlement, contact your lender. Also, as we mentioned in a previous post:

Watch your mail your local newspaper and listen to your local news to find out what to do. According to the agreement, lenders and regulators are alerting millions of homeowners who are eligible via these methods. It’s one of the reasons the deadline for taking action has been extended — to give homeowners time to become aware and then proceed.

Now get busy contacting the appropriate agency(ies). Get every dollar you can back from these lenders because they’re still getting off way too easy with all the crimes they commmitted during the foreclosure crisis.

Good luck!

Related Posts

Home Foreclosure News: Was Your Home Foreclosed on in 2009 or 2010? You May Have Money Coming (Or Other Options)

Foreclosure Deal: One REALLY Good Thing to Come Out of It for Homeowners

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Get Foreclosure Help: How to Find Agencies that Will Help You Stop Foreclosure – For Free

Stopping Foreclosure: What the “Produce the Note” Defense Is & How It Can Help You Save Your Home from Foreclosure (Or at Least Stall)

Could Recent Mortgage Law Challenges Mean More Homeowners Won’t Face Foreclosure and/or That They Were Illegally Foreclosed On and Can Keep Their Homes?

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

©2012: Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Home Foreclosure News: Was Your Home Foreclosed on in 2009 or 2010? You May Have Money Coming (Or Other Options)

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

Was your home foreclosed on in 2009 or 2010? You may have money coming. The Reuters article, Regulators extend foreclosure review timetable, explains, stating: 

Homeowners — whether they lost their homes or are still in them — can ask [independent] consultants to review their cases . . . If the review finds there were problems with a foreclosure that resulted in financial harm to a homeowner then that homeowner will be eligible for compensation.

This was part of the foreclosure deal 5 big banks worked out with federal bank regulators recently.

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Quick Facts About the Foreclosure Deal Homeowners Need to Know

Following are some quick facts you need to know if your home was foreclosed on in 2009 or 2010 and you want to take action.

Deadline to Take Action: July 31, 2012 (extensed from April 30th).

Compensation Amount: Unknown as of Yet

How to Proceed: Watch your mail your local newspaper and listen to your local news to find out what to do. According to the agreement, lenders and regulators are alerting millions of homeowners who are eligible via these methods. It’s one of the reasons the deadline for taking action has been extended — to give homeowners time to become aware and then proceed.

Get Foreclosure Help

Note: If you’re not contacted and you think you may have been affected, contact a foreclosure attorney or a non-profit that gives free foreclosure help. They should be able to give you some advice on how to proceed.

Good luck!

Related Posts

Foreclosure Deal: One REALLY Good Thing to Come Out of It for Homeowners

The Foreclosure Deal: Homeowners Who Lost Homes to Foreclosure Have Money Coming — and More Benefits for Those Trying to Hang Onto Their Homes

5 Banks Settle Foreclosure Lawsuits — How It Can Save Homeowners Facing Foreclosure Thousands of Dollars

Timeline For Foreclosure In All 50 States  

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

Get Foreclosure Help: How to Find Agencies that Will Help You Stop Foreclosure – For Free

Stopping Foreclosure: What the “Produce the Note” Defense Is & How It Can Help You Save Your Home from Foreclosure (Or at Least Stall)

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

©2012: Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

Foreclosure Deal: One REALLY Good Thing to Come Out of It for Homeowners

ForeclosureBusinessNews.com: “Foreclosure News the Average Joe Can Use!” Find Trusted Vendors, eg, Foreclosure Lawyers, Mortgage Consultants, Cleaning Co’s, Etc.

According to the MercuryNew.com article (a Silicon Valley-area publication), Foreclosure process will be slow this year

“January’s [foreclosure] numbers should put to rest any notion that we will see a wave of foreclosures in 2012,” said Sean O’Toole, head of ForeclosureRadar . . . . In fact, O’Toole said, “there is little chance of a wave this year even if all the banks started the foreclosure process en masse tomorrow.”

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The article also alluded to the fact that the recent foreclosure deal is going to slow down the process even more for many homeowners, because it includes “incentivized provisions” for banks to work with existing homeowners on things like home loan modifications and refinancing options.

Either way, all of this is good news for homeowners trying to stop foreclosure because it means that they can take some time to really assess their options, eg, do they want to give up the home (do a voluntary foreclosure / strategic default); fight to stay in it; do a short sale; etc.

Related Posts

5 Banks Settle Foreclosure Lawsuits — How It Can Save Homeowners Facing Foreclosure Thousands of Dollars

Stopping Foreclosure: What the “Produce the Note” Defense Is & How It Can Help You Save Your Home from Foreclosure (Or at Least Stall)

Could Recent Mortgage Law Challenges Mean More Homeowners Won’t Face Foreclosure and/or That They Were Illegally Foreclosed On and Can Keep Their Homes?

Home Foreclosure News: Investors Want Resolution of Probe into the Practice of “Robosigning”

Home Foreclosure News of the Day: NY Out of Justice Dept Settlement Talks with Banks Over Foreclosure Wrongdoings  

Home Foreclosure: How the “Greed Is Good” Culture Has Come Back to Bite Us in the A**

Home Foreclosure News of the Day: Rumblings about Giving Homeowners Principle Reductions Start to Get Louder as Foreclosure Crisis Drags On

Home Loan, Bad Credit and How to Qualify: Yes, It’s Still Possible, But . . .

Home Foreclosure: The New Credit Standards to Qualify for a Mortgage Brought on by the Crisis

Home Foreclosure News: Owning a Home Becoming a Lot Harder for Lots of Americans Because of the Foreclosure Crisis

Foreclosure & Credit: How Does Foreclosure Impact Your Credit Report?

Home Loan Help: Documents Needed to Apply for a Mortgage Modification with HSBC (and Other Lenders)

First-Time Home Buying Advice: Is It Better to Buy a New Home than a Foreclosed Home?

Timeline For Foreclosure In All 50 States  

“Cash for Keys” Can Help if You Have a House in Foreclosure & Can’t Afford to Move

P.S.: Foreclosure Clean Up Job Leads: FYI, don’t forget to bookmark the site and come back for direct leads on foreclosure cleaning jobs, foreclosure cleaning contracts and foreclosure cleanup request for bids on jobs. Always look under the “Recent Posts” heading to find the latest job listings.

P.P.S.: Like this post? Follow Foreclosure Business News on Twitter.

©2012: Yuwanda Black for Foreclosure Business News. Article may not be reprinted or reproduced in any manner without the express, written consent of the author.

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