MyRecst Blog is for consumers to view and post comments about what is happening to them and what can be done concerning the Mortgage Crisis. MyRecast brings you knowledge daily on the latest solutions. EXAMPLE: State Attorney Generals are now getting involved.
We have CEO/President of Alliance Credit Counseling Non-Profit 501(c)3 http://www.knowdebt.org/Kevin Porter Kevin Porter is working currently to get the opportunity to take calls of the consumers needing guidance and help from this mortgage crisis to offer solutions to the public and to educate them. Currently the consumers only have the choice from President Bushes deal "Hope Now" taking calls that can only offer them forbearance and normal rules of a debt collector. Forbearance is not a good option for the consumer only for the lenders; for example when a consumer agrees to a forbearance from their lenders they get put on a pay back plan. The one thing the Lenders NEVER tell them is that the borrowers will have a ROLLING 30 day late tagged to their credit report compliments of the Lender until all that was owed in penalty's and fees put on the back of the loan is paid back. Well that just ruined the borrowers chance of refinancing with a 30 day late's on their credit report. The sad part they are still having to pay the higher amounts because the ARM's came due or coming due on time. Alliance can give them another option besides loosing their homes and or forbearance that is offered by the lenders. Alliance Credit Counseling program will give them options that is best fit for each caller that calls in. Our plan is for Alliance to take the calls and assist the consumers into all options they have to choose from that helps the borrowers not the Lenders. MyRecast is the BEST solution we feel for the consumer.Second Key to this Solution
Second Key to this Solution We have Brad Miller is the CEO / Owner of the MyRecast System and CreditXPInc. Brad Miller has been in the Mortgage Industry for 30 years and creating solutions for the borrowers for years. The corporate company is CreditXP, it has been helping borrowers to better themselves with their scores to attain loans for 7 years in business. Brad created and launched the MyRecast System last year for this crisis at hand. Please see below for more details in what MyRecast does. My Recast is a web-based system allowing consumers, attorneys, HUD advisors, auditors and Non Profit Groups / credit counselors to request and monitor the status of a consumers loan file from a mortgage lender within one system. Allowing the parties to better communicate with the mortgage recast through out the file auditing process. MyRecast is a Secure Web Based System with the latest technology; Bar Code Fax designed to assist the home owners that are on an ARM and Sub Prime Borrowers having a choice that benefits the borrower not the Lender. These borrowers are stuck because they cannot refinance and keep up with the higher mortgage payments per month. MyRecast Team will do the negotiations with the lenders to lower their rates and lower your monthly payments so that they will be affordable. The Consumers Create a Mortgage Recast Account On-line so that MY RECAST can Request Consumers Original Mortgage File. MY RECAST uses Secure Barcode Fax Technology for Original Loan Documents. MyRecast Team then Reviews Loan Files to determine if consumers are victims of Predatory Lending and or Deceptive Business Practices made by Lenders and Mortgage Companys. The MyRecast System Allow the Consumers access to the Mortgage Recast Auditing System24/7 by Loging into the Secure On-line Account. The Borrowers Have Email Notification Alerts sent when there has been a change to the file and to keep the borrower in the loop and informed of the process. MyRecast Team goal is to get the borrowers back to the original rate they were approved at before the ARM comes due or even if it has come due we can help.MyRecast Service includes cease desist letter to the lender and representation of an attorney on the consumers behalf. It also includes MyRecast to request the original file from Lender, that takes about 4-7 days to receive the file, and then once MyRecast receives file it is time to audit the file and find the violation MyRecast has subprime underwriters auditing and QC these files along with Dr. Gary Lacefield finding HUD violations determine if they were a victim of Predatory Lending Once the file has been determined that they have violations within the file then the negotiating process starts. The changes we request from Lender is a new a note established, original rate, 5 year ARM at the rate agreed upon to get back on track (mainly time for the industry to get back on track and so they can possibly get refinanced into a FIXED Rate) and a letter from the Lender stating the borrower was never late. That will help later to fax the letter from the lender into the CreditXP system to dispute and clean up the borrowers credit. This will get them in the right path to start establishing their credit. Total cost for these services of MyRecast is $300. If the Lender is not cooperating with MyRecast Team and not getting us the files requested, we will advise to bring on the HUD Specialist Dr. Gary Lacefield; that is an additional $250. The borrower has been told of this possible extra cost in the beginning that this might be needed. Lets say the Lender is cooperative and they have granted MyRecast Team our request and the Note has been Modified with the new rate established and of coarse the consumers are satisfied with new arrangements made; the borrower will pay the addition fee upon completion of $425.00 We have set up a payment plan with consumers due to the debt they must be in from having to pay higher monthly mortgage payments. To create the Turn Key Solution for this Mortgage Crisis we have the CreditXP System owned by Brad Miller as well to assist them in getting back their life and cleaning up their credit. After the borrowers complete the MyRecastProgram (if recast happens or not) the consumer can go through the CreditXP Management Program for a special rate of $99. Alliance Credit Counseling can assist them in getting their debt caught up and creating a budget to stay on track. Alliance Credit Counseling Mission is to Provide help and hope through charitable relief to the poor and distressed by personalized education, counseling, and support programs that reduce and avoid the burdens of financial crisis, debt stress, bankruptcy, and their consequences. Provide empowerment to the public through charitable education programs of financial literacy, money management, credit management, and debt reduction to help meet lifes challenges and opportunities.
Third Key to this Solution Dr. Gary Lacefield has worked for HUD as the Supervisor of Investigations (Southwest Region) for 8 years before starting his consulting business to assist mortgage companies & real estate agents in complying with Fair Housing, Equal Credit and Kickback issues. Dr. Lacefield actively trains HUD field investigators and is considered an "expert witness" in lawsuits involving RESPA and fair housing issues Dr. Lacefield writes a monthly column for loan officer magazine entitled, "Ask the RESPA Doctor" and has done online seminars about RESPA Section 8 & Section 9 Kickback Rules. As President of Risk Mitigation Group, he has helped 1000's of borrowers. Dr. Lacefield actively trains HUD field investigators and is considered an "expert witness" in lawsuits involving RESPA and fair housing issues. http://riskmitigation.net All Three Creates a Turn Key Solution!
MyRecast is a web-based system allowing consumers, non-profit attorneys and auditors to request and monitor the status of a consumers loan file during the auditing process. The Myrecast System allows the parties to better communicate during the mortgage file auditing process.
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We have CEO/President of Alliance Credit Counseling Non-Profit 501(c)3 http://www.knowdebt.org/Kevin Porter Kevin Porter is working currently to get the opportunity to take calls of the consumers needing guidance and help from this mortgage crisis to offer solutions to the public and to educate them. Currently the consumers only have the choice from President Bushes deal "Hope Now" taking calls that can only offer them forbearance and normal rules of a debt collector. Forbearance is not a good option for the consumer only for the lenders; for example when a consumer agrees to a forbearance from their lenders they get put on a pay back plan. The one thing the Lenders NEVER tell them is that the borrowers will have a ROLLING 30 day late tagged to their credit report compliments of the Lender until all that was owed in penalty's and fees put on the back of the loan is paid back. Well that just ruined the borrowers chance of refinancing with a 30 day late's on their credit report. The sad part they are still having to pay the higher amounts because the ARM's came due or coming due on time. Alliance can give them another option besides loosing their homes and or forbearance that is offered by the lenders. Alliance Credit Counseling program will give them options that is best fit for each caller that calls in. Our plan is for Alliance to take the calls and assist the consumers into all options they have to choose from that helps the borrowers not the Lenders. MyRecast is the BEST solution we feel for the consumer.Second Key to this Solution
Second Key to this Solution We have Brad Miller is
the CEO / Owner of the MyRecast System
and CreditXPInc.
Brad Miller has been in the Mortgage Industry for 30 years and creating solutions
for the borrowers for years. The corporate company is CreditXP, it has been helping
borrowers to better themselves with their scores to attain loans for 7 years
in business. Brad created and launched the
MyRecast System last year for this crisis at hand. Please see
below for more details in what MyRecast
does. My Recast is a
web-based system allowing consumers, attorneys, HUD advisors, auditors
and Non Profit Groups / credit counselors to request and monitor the status
of a consumers loan file from a mortgage lender within one system. Allowing
the parties to better communicate with the mortgage recast through out the
file auditing process. MyRecast is
a Secure Web Based System with the latest technology; Bar Code Fax designed
to assist the home owners
that are on an ARM and Sub Prime Borrowers having a choice that benefits the borrower not the Lender. These borrowers
are stuck because they cannot refinance and keep up with the higher mortgage
payments per month. MyRecast Team will
do the negotiations with the lenders to lower their rates and lower your
monthly payments so that they will be affordable. The Consumers Create a Mortgage Recast Account On-line so that MY RECAST can Request
Consumers Original Mortgage File. MY RECAST uses Secure Barcode Fax Technology for
Original Loan Documents. MyRecast Team then Reviews Loan Files to determine if consumers are victims of Predatory Lending and or Deceptive Business Practices made by Lenders and Mortgage
Companys. The MyRecast System Allow the Consumers access to the Mortgage Recast Auditing System24/7 by Loging into the Secure On-line Account. The Borrowers Have Email Notification Alerts sent when there has been a
change to the file and to keep the borrower in the loop and informed of the
process. MyRecast Team goal
is to get the borrowers back to the
original rate they were approved at before
the ARM comes due or even if it has come due we can help.MyRecast Service includes cease desist letter to the
lender and representation of an attorney on the consumers behalf. It also includes MyRecast to request
the original file from Lender, that takes about 4-7 days to receive the file,
and then once MyRecast receives file it is time to audit the file and find the violation MyRecast
has subprime underwriters auditing
and QC these files along with Dr. Gary Lacefield finding HUD violations determine if they were a victim of Predatory Lending Once the file has been determined that they have violations within the file then the negotiating process starts. The changes we request from Lender is a new a note
established, original rate, 5 year ARM at the rate agreed upon to get back
on track (mainly time for the industry to get back on track and so they can
possibly get refinanced into a FIXED Rate) and a letter from the Lender stating the borrower was never late. That will help
later to fax the letter from the lender into the CreditXP
system to dispute and clean up the borrowers credit. This will get them in
the right path to start establishing their credit. Total cost for these
services of MyRecast is $300. If the
Lender is not cooperating with MyRecast
Team and not getting us the files requested, we will advise to bring on the
HUD Specialist Dr. Gary Lacefield; that is an additional $250. The borrower
has been told of this possible extra cost in the beginning that this might
be needed. Lets say the Lender is cooperative and they
have granted MyRecast Team our request
and the Note has been Modified with the new rate established and of coarse the consumers are satisfied with new arrangements made;
the borrower will pay the addition fee upon completion of $425.00 We have set up a payment plan with consumers due to the debt they must be in
from having to pay higher monthly mortgage payments. To create the Turn Key Solution for this Mortgage
Crisis we have the CreditXP
System owned by Brad Miller as well to assist them in getting back their
life and cleaning up their credit. After the borrowers complete the
MyRecastProgram (if recast happens or
not) the consumer can go through the
CreditXP Management Program for a special rate of $99. Alliance Credit Counseling can assist them in getting their debt caught up
and creating a budget to stay on track. Alliance Credit Counseling Mission
is to Provide help and hope through charitable relief to the poor and
distressed by personalized education, counseling, and support programs that
reduce and avoid the burdens of financial crisis, debt stress, bankruptcy,
and their consequences. Provide empowerment to the public through charitable
education programs of financial literacy, money management, credit
management, and debt reduction to help meet lifes challenges and
opportunities.
Third Key to this Solution Dr. Gary Lacefield has worked for HUD as the Supervisor of Investigations (Southwest Region) for 8 years before starting his consulting business to assist mortgage companies & real estate agents in complying with Fair Housing, Equal Credit and Kickback issues. Dr. Lacefield actively trains HUD field investigators and is considered an "expert witness" in lawsuits involving RESPA and fair housing issues Dr. Lacefield writes a monthly column for loan officer magazine entitled, "Ask the RESPA Doctor" and has done online seminars about RESPA Section 8 & Section 9 Kickback Rules. As President of Risk Mitigation Group, he has helped 1000's of borrowers. Dr. Lacefield actively trains HUD field investigators and is considered an "expert witness" in lawsuits involving RESPA and fair housing issues. http://riskmitigation.net All Three Creates a Turn Key Solution!
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