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Finance

How To Protect Yourself From Unscrupulous Mortgage Lenders

Joseph Gross, host of America’s #1 mortgage talk show “Your Home - Your Future”, will have as a guest NY State Assemblyman Darryl Towns. He will discuss the new law that NY State just passed to protect consumers from unscrupulous mortgage lenders.

Teaneck, NJ (PRWEB) July 16, 2008 — National Mortgage Expert, Joe Gross and host of America’s #1 Mortgage Talk Show, “Your Home - Your Future” on 1160 AM WVNJ, will be interviewing on Thursday, July 17, 2008 at 2:00 PM Assemblyman Darryl Towns who sponsored the recent New York Law to prevent New York residents from losing their homes to foreclosure. The radio show, “Your Home - Your Future”, is all about helping listeners get the tools and information they need to protect their home today and the future.

Joseph Gross - Radio Host of “Your Home - Your Future”
New York State Assemblyman Darryl Towns the Chair of the New York State Assembly Banking Committee will breakdown all the aspects and facts each consumer need to know of how to protect their most valuable asset, their home. He has worked very hard to get this Bill passed and now it’s up to each consumer to understand it and do what’s necessary to save their house from foreclosure. He will share the information what every consumer needs to know on “How To Protect Yourself From Unscrupulous Mortgage Lenders”.

“What we found were a large number of questionable lending practices such as interest-only mortgages made with little or no income verification. While these schemes have helped drive the home-ownership rate in the United States to a record 70 percent, they have also placed millions of Americans, particularly in low-income communities and communities of color, at risk for foreclosure,” Assemblyman Towns says.

New York has been suffering from a 25% increase in foreclosures and over 50,000 people will be foreclosed on this year. As a result, Assemblyman Towns took the initiative to bring forward this Bill so all New York citizens can, and will, be protected.

“It is very important in this Mortgage Market Collapse to provide consumers with all the information they need so they can make an informed decision,” says Joe Gross, host of “Your Home - Your Future”.

“This is a very important time for all people that own a home, or those that want to become homeowners, to do the proper research and get into a loan that will work for them today and the future. With the Mortgage Market Collapse lenders have been going out of business and constantly changing their guidelines so every consumer needs to be updated and kept informed as to what’s happening,” Gross says.

Joe just finished writing his book titled, “How the Greed of Wall Street, and your Mortgage Lender are destroying America’s Credit.” If you own a home, you must have this book. In the book he discloses the secrets every consumer must know to protect themselves. This book will be released very soon and will hopefully benefit all those that are suffering from this Mortgage Market Collapse and are in danger of losing their home.

Joe will offer on his radio show an opportunity for those that want to get the Book before its release, so tune in in Thursday, July 17 at 2:00 PM on WVNJ 1160 AM or at www.saveyournewyorkhome.com.

Joe is available for interviews and welcomes your mortgage-related questions. He can be reached at 800-653-2684 or at http://www.saveyournewyorkhome.com.

Media Contact:
Please contact Theresa Consoli with any questions or interview requests at 800-653-2684
Fax: 201-837-1128
theresa.consoli @ qualifiedmortgage.com
Qualified Mortgage Inc.
1086 Teaneck Road
Teaneck, NJ 07666

Foreclosure

New Foreclosure Online: Ohio Foreclosure Listings Increase Significantly

New Foreclosure Online, a source for real estate foreclosure listings on the Web, is seeing a dramatic increase in the number of foreclosed homes for sale in Ohio.

Columbus, Ohio (PRWEB) July 19, 2008 — The number of Ohio foreclosure listings has been increasing dramatically, providing affordable opportunities for buyers in the state. New Foreclosure Online, which provides real estate foreclosure listings throughout the nation, is seeing more affordable housing opportunities than ever in the Midwest. While it is unfortunate that people who were unable to pay their mortgages are losing their homes, the upside is that buyers can snatch up these homes for cheap.

The number of foreclosures in Ohio went up by 11 percent last month compared to the month of June, 2007, according to RealtyTrac. That means that approximately one in every 382 homes in the state are in various stages of foreclosure. Although New Foreclosure Online has seen the number of real estate foreclosure listings in Ohio increasing steadily over the last year, it has been more noticeable in the last couple of months. The increasing number of Ohio foreclosure listings gives the state the sixth highest rate of foreclosures in the country.

The best places to find foreclosed homes for sale at the moment are Nevada, California, Florida and Ohio, which have the highest number of total listings. Colorado and Arizona also have a high number of real estate foreclosure listings. Buyers can acquire these homes for very affordable rates because the banks are eager to unload them after previous owners were unable to make payments for extended periods of time.

For more information about Ohio foreclosure listings and other foreclosure opportunities throughout the country, visit www.newforeclosureonline.com.

About New Foreclosure Online:

New Foreclosure Online provides a helpful database of real estate foreclosure listings, which provides buyers with an inexpensive way to find a home. A large list of foreclosed homes for sale is perfect for those looking to invest in a virtually risk-free real estate opportunity. With a complete foreclosure listing, buyers can find the home of their dreams, or their next investment. The complete list can also provide information about each foreclosure, and in some cases, about pre-foreclosed homes and auctions.

Thousands of houses are foreclosed each day in the United States, and even more people are interested in buying one. As soon as a buyer finds the house that fits into their budget and preferences, they can buy it. The process is simple, but without this list finding the house is nearly impossible. By joining New Foreclosure Online, buyers can also find everything they want to know about this market, the legal steps of the process and the possibilities of investment.

Investing

HomeVestors Names Top 10 Cities for Real Estate Investing for Second Quarter of 2008

July 18, 2008 // Franchising.com // DALLAS - HomeVestors® of America, Inc., the company famous for its “We Buy Ugly Houses”® billboards and America’s #1 Home Buyer, has named the top 10 markets for real estate investing in the second quarter of 2008. They are as follows:

1. Dallas, Texas

2. Houston, Texas

3. Atlanta, Georgia

4. Denver, Colorado

5. Fort Worth, Texas

6. San Antonio, Texas

7. Charlotte, South Carolina

8. St. Louis, Missouri

9. Milwaukee, Wisconsin

10. Chicago, Illinois; Kansas City, Kansas (two cities tied for tenth place)

HomeVestors, which has bought more than 35,000 homes in the U.S. over the last 12 years, based the findings on the number of houses bought in each market by the franchise network in the second quarter of 2008.

“This has been a rather ugly year for residential real estate, creating record-setting demand for a trusted national home buyer,” said John Hayes, president and CEO of HomeVestors. “Despite changes in the market, real estate investing continues to grow. From small towns to big cities, people continue to look to HomeVestors to help them out of ugly real estate situations.”

HomeVestors is the only national franchise that specializes in buying, rehabbing and selling single-family homes across the nation. The company has more than 230 franchises in 35 states.
About HomeVestors® of America, Inc.
Founded in 1989 and franchising since 1996, Dallas-based HomeVestors® of America, Inc., has more than 230 franchises throughout the United States. The first franchise company of its kind, HomeVestors® trains and supports franchisees who specialize in buying homes in need of repair. Most commonly known as the “We Buy Ugly Houses”® franchise, HomeVestors® strives to make a positive impact in each community. More information is available at www.homevestors.com.