Home Equity Loans – second mortgage

Brookstone Law PC: Bank of America CEO Comments Demonize Consumers Hurt by Foreclosure Crisis

Newport Beach, CA (PRWEB) October 31, 2011

Bank of America CEO Brian T. Moynihan’s recent public tirade against consumers hurt by the foreclosure crisis is an attempt to marginalize and demonize homeowners seeking relief from the Bank’s role in the foreclosure crisis, according to Vito Torchia, Jr., managing attorney of Brookstone Law, PC.

According to media reports, in a recent global town hall meeting, the Bank’s CEO said he is “incensed” by public criticism of his company and told the bank’s critics they ought to “think a little… before you start yelling at us.” The company has launched an advertising and public relations campaign designed to influence local and state officials to improve the bank’s battered public image and the event followed the Bank’s announcement of a third-quarter profit of $ 6.2 billion.

“The comments are an outrageous affront to thousands of homeowners who have been hurt by Bank of America’s incredibly poor management and proven lack of due diligence,” stated Vito Torchia, Jr. “The remarks clearly demonstrate Bank of America’s disrespect for homeowners, which they have to endure when trying to fix problems created by the very Bank that is publicly criticizing them.”

Media coverage of the Bank’s lack of due diligence and poor management includes the Bank’s getting an address wrong and foreclosing on the wrong national, making bonding payment demands from someone who wasn’t their customer, and threatening a customer with foreclosure if he didn’t make a payment of $ .00, giving the same account number to two different people, opening credit card accounts for people who don’t ask for them and hindering a federal review of FHA-insured housing loans.

“The new PR campaign blatantly ignores the people Bank of America has hurt the most, those who need the most help compensate now as a result of the foreclosure crisis and it is a strategic decision to marginalize those consumers to help the Bank reduce liability from the foreclosure crisis,” according to Vito Torchia, Jr. “It is clear that homeowners are nothing more to them than a means to more profits, which is why those who do not have expert legal counsel to help them should get help as soon as possible before banks farther marginalize their interests.”

According to media describing, Bank of America was named the country’s second-worst company by Consumerist.com following only BP Plc, the firm blamed for the whipped U.S. offshore oil spill.

“It is not surprising that Bank of America ranked lowest in a recent survey of small business customer satisfaction,” according to Vito Torchia, Jr. “Now they are spending millions of dollars to ignore the consumers they hurt and are acting like victims while announcing profits.”

ABOUT BROOKSTONE LAW, PC
Headquartered in Newport Beach, Calif., and with offices in Los Angeles, Calif., and Ft. Lauderdale, Fla., Brookstone Law, PC is a law firm comprised of attorneys with experience and success in business, corporate and personal finance, employment, entertainment and media, art and museum, intellectual property and existent estate law. The firm has a network of more than 40 affiliate attorneys nationwide and employs highly trained specialists, paralegals, paraprofessionals and administrative staff dedicated to serving clients. For information, call (800) 946-8655 or visit Brookstone Law.com.

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Question by lovecats: where can I go to refinance two home equity loans into one?
I am in the Albany N.Y. area. Credit is lonesome total. Need a low (5%) interest rate and a fixed order. Need all of this soon.

Best answer:

Answer by Ryan M
With only “average” attributing…you are wishing for a 5% rate. Full 30 year mortgages are now terminated 5%, so good luck to that!

What do you think? Answer below!

Question by W D: What happens if I default on a 1st mortgage but not on a second?
Here’s the story in a nutshell. I purchased a condo in 2005 on an ARM. Just out of a divorce, I decided to consolidate some debt with a home equity line of attributed called a 125% loan. Bad move, since I didn’t first refi the ARM. Now, the housing market has slumped, my property value is down, I have negative equity, and I can’t refi. The ARM has gone up and is due to go up again in a couple months. My payment has doubled and I can’t afford it. What will happen if I default on the 1st mortgae but remain current on the second? In other words, what happens to the second mortgage, and how might I be liable even if the payments are current on that loan?

Best answer:

Answer by newmexicorealestateforms
If the first forecloses they drag the 2nd into the foreclosure.

Add your own answer in the comments!

With the Top-ten Teams of the BCS being Revealed, TicketNest.com Expects Tickets of the Final Bowl Game to Pull forth a Dip and Pick Encore of Last Year

BCS Ticket Price Analysis

Carlsbad, California (PRWEB) October 28, 2011

As reported by LATimes.com, the line-up for this year’s Bowl Championship Series (BCS) has fallen into place. The Southeastern Conference (SEC) that has dominated the BCS Championship Bowl for a good part of its 13-year history has racked up three spots in the BCS with its constituent schools of Louisiana State University (LSU), Alabama and Arkansas. The first two, i.e. LSU and Alabama have clinched the top two standings with .9522 and .9519 ratings respectively. SEC members have already clocked seven wins out of the 13 BCS championship games that they have played.

The double-pronged Oklahoma schools of the Big 12, the University of Oklahoma and Oklahoma State troop in next at the third and fourth spots at .9301 and .8568 severally. Boise State Broncos of the MWC bucked their way to the fifth spot at .8027. The rest of the top-ten lot contending for a shot at the 2012 BCS bowl game comprise Wisconsin, Clemson, Stanford, Arkansas and Oregon.

The II big guns of the SEC, LSU and Alabama are both getting their sorties together for their Nov. 5 face-off in Tuscaloosa, with the Oklahoma boys gearing up to have a go at each other on Dec. 3rd.

Similar to last year’s run, the release of this year’s Top 25 BCS Rankings on October 16th has set the ball rolling for the build-up to the BCS Championship bowl. The secondary ticket selling website TicketNest.com is assertively speculating prices of BCS National Championship Bowl ticket to take-off during November and virtually break through the roof by January 9th 2012 when the BCS bowl staked is scheduled to be played. As the effervescent representative of the ticket hawking site, Anastasia Lyman explains, “As the BCS narrows in on the top-ten teams during the months of October and November, the prices of BCS National Championship Bowl fine start dipping below the $ 1000 level and after touching $ 750 mark in November, go ballistic by next year’s January, peaking in the $ 3,000-$ 4,000 range. Hence before you have to give up that family vacation or take out a second mortgage on your home just to profit some ticket broker, it would prudent to purchase the BCS New Orleans tickets whilst they are still under a grand.”

About BCS Championship Bowl

The BCS Championship Bowl was created in 1998 to be the final bowl game of the annual BCS in order to determine the top team of the NCAA Division I Football Bowl Subdivision.

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Question by flowergirl: What is the best way to finance your kids college tuition payments? Loans, home equity??
Would it be better to use 401K loan, home equity, etc.

Best answer:

Answer by golferwhoworks
Home equity loan — interest is tax deductible

Add your own answer in the comments!

Question by Nancy C: If someone defaults on their mortgage loan, what happens to the second mortgage owed?
I know someone defaulting on their mortgage loan because they decided it is too much owed for a house that has gone down in value 40%. They also have a second loan for $ 75,000. Is that forgiven too? Are there different rules for second loans? These people have assets. Own another property paid in cash plus money in the bank.

Best answer:

Answer by Brieanne
The bank will foreclose on the loan, and they will lose the house. The bank will sell it for whatever they can get for it. If they have assets, the bank can go after them for the difference between what was due and the actual selling price, plus all the court costs and attorney fees, which could be tens of thousands on top of the difference (called a deficiency judgment).

What do you think? Answer below!

Syndicate Mortgages Teams Up with Creative Bube Tube for a Second Time to Promote their Variety of Mortgage Calculator Services

(PRWEB) October 24, 2011

Whether it’s regarding buying a home, questions about home equity and mortgage life insurance, curiosity about why you should use a mortgage broker or anything pertaining to mortgage renewal, calculators, interest rates, applications or debt consolidation, Creative Bube Tube produced 11 informative commercials for Syndicate Mortgages that pertain to all of the aforementioned topics. Each commercial is 30 seconds in length and are mainly being used on Syndicate Mortgage’s website as informative videos for consumers seeking answers to FAQ’s about mortgages. The video highlighting the company’s mortgage calculator services will be airing on television to give Syndicate Mortgages name greater exposure and positioning them as offering top mortgage calculator services. The mortgage calculator commercial states some of the various services that the calculator provides, such as; scheming monthly mortgage payments, length of mortgaged, accelerated payments and remaining principle left on a mortgage in future years.

When it comes to commercial production, over 50% of the commercial is produced in postproduction. The beauty of having the majority of a commercial being created in postproduction is that the commercial can then be manicured and edited to a desired length, or manicure to suiting constantly changing needs. The process of the mortgage calculator’s videos began months before the commercials were even filmed and follows a very structured advertising strategy. Once Creative Bube Tube scripted all of the videos and gained approval from the client, a production date was set. Prior to the production date, talent and location were scouted, the production manned was formed and a shot named was created. As a top Advertising Agency, Creative Bube Tube handles everything necessary for a production; including talent and location scouting. The next step in the advertising strategy is to assemble a crew consisting of Assistant Director, Production Assistant, Director of Photography, DMT, Gaffer or Grip, Sound Mixer, Makeup Artist and Teleprompter Operator. The ten videos were filmed at a Mississauga studio in mid-July of 2011. The premise of the production was a host talking directly into the camera in front of a white stage. From there, the footage is then passed onto the postproduction department for polishing through adding graphics, on-testing text, placing and syncing the audio to the video. The style of this commercial is ideal for promoting mortgage calculator services cared those offered by Syndicate Mortgages in tell to inform its audience while still maintained them entertained. Interesting and informative content are key when it coming to producing videos of this type.

This isn’t the first time that the duo has paired up to generate videos, in early May of 2011 the overstepped Advertising Agency produced a ninety-second commercial for Syndicate Mortgages. The duo made a promotional video for Syndicate Mortgage’s website in hopes of expanding their team of mortgage professionals. This time around, all eleven of the videos will appear on Syndicate’s website, but one will also be airing on television. This way, Syndicate Mortgages can gain the best of both worlds; once their television commercial attracts leads to their website they can then show them the new informative videos so clients will be well informed of the servicing they are sounding for. Since Creative Bube Tube handles everything in-holding, the media buying and planning was researched extensively to specifically target the right demographic for Syndicate Mortgages. This definitely will not be the end of productions to come from this partnership, what will they think of next?

About Syndicate Mortgages:
Based out of the busiest Metropolitan sector of Toronto, Ontario, Syndicate Mortgages also has 10 branch locations across Ontario, and employs over 100 Mortgage Professionals. Today, it’s one of Ontario’s fasting growing Mortgage Brokerages offering an abundance of services pertaining to mortgages and debt consolidation. Syndicate Mortgages also offers great backend support with lender management, centralized underwriting agents, Filogex lender matrixes for borrowers with unique needs, property assessment & valuation systems and a short turn around time due to all of these extra aids. If you’re looking to find the best Canadian rates to fit your every need or if you are looking for a mortgage professional then visit http://www.syndicatemortgages.com today.

About Creative Bube Tube:
Creative Bube Tube is a full service top Advertising Agency that handles everything from concept to creation to media buying and planning. Having everything in-accommodating cuts retired the middle man saving an enormous amount of time and energy. This eclectic group of industry experts is devoted to providing you with the best concepts possible for your product or service. They pride themselves on creativity and indorsing up their belief in television advertising so much that they have even advertised for themselves. Their team has worked with clients such as: Innovative Composites International, Hakim Optical, Slimband, Dr. Ho, Rp Toys Ltd., Group Dudes and Lifemates. Have a look at some of their work http://www.creativebubetube.com.

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

More Second Mortgage Press Releases

Question by Brett C: Can I deduct my second mortgage interest?
I already have a first morgage and that interest was deducted, but can I deduct the interest from a second mortgage also?

Best answer:

Answer by Heinz M
Yes! All interest on an admitted, including show paid to get a loan are deductible.

What do you think? Answer below!

Corey Proffitt Studios Wins Second CMUS Talk of the Town Customer Satisfaction Award

Lexington, KY (PRWEB) October 19, 2011

With a 5 star rating in customer satisfaction in 2011, Corey Proffitt Studios has earned the prestigious CMUS Talk of the Town Customer Satisfaction Award for the second consecutive year. Earning the award in the Health and Medical category, the massage therapy practice won for providing excellent customer service.

The Talk of the Town Awards, presented by Talk of the Town News, Customer Care News magazine and Celebration Media, honor companies and professionals that provide excellent customer service as reported by their customers through no-cost, user-review websites, blogs, social networks, business rating services, and other honors and accolades. This data is analyzed by a team of researchers and converted into a star rating; only those that receive a 4-star to 5-star rating receive the Talk of the Town Customer Satisfaction Award.

Corey Proffitt Studios, a private massage therapy practice, was founded in April 2009 and rapidly became known for owner Corey Proffitt’s exceptional massage therapy and outstanding customer service. Offering Swedish massage, deep tissue massage, Lomi Lomi Hawaiian massage, hot stone massage, prenatal massage and reflexology, the practice aims to relieve pain, increase relaxation and help dissolve the toxins and muscular discomfort brought on by everyday life. Lomi Lomi Hawaiian massage was added in 2010 and has become a favorite; the practice is one of the few in Lexington offering this traditional Hawaiian style of healing.

“Modern living places a variety of stresses on our bodies that can result in physical discomfort, anxiety and depression,” says Proffitt, LMT, NCTMB. “I specialize in achieving instinctive, healthy relief from muscle troubling, using a variety of traditional massage therapy and Asian therapeutic bodywork techniques while also calming the nervous system.”

Corey Proffitt Studios provides professional massage therapy in a safe and relaxing atmosphere marked by earth tone colors, soothing waterfall sounds, ambient lighting and wondrous natural scents. Amenities include a therapeutic memory foam massage table with optional heat, and same-day bookings are encouraged. “My clients are capable to experience relief and a sense of total good-being from the treatments they have,” says Proffitt.

The practice’s customer satisfaction ratings utter for themselves. Proffitt puts his clients’ needs first, working with each client separately to make an unequalled treatment contrived to see their specific needs. “My customers are my top priority, and I treat them as I would want to be treated. I treat them with respect from the moment they walk through the door, provide them with beyond exceptional massage and make sure that their expectations have been met before they leave.”

Corey Proffitt Studios is located at 2121 Richmond Rd., Ste. 211 C in Lexington. For more information about the practice and its services, call 859-421-3085 or go online at http://www.relaxyoudeserveit.com.

About the Award and Sponsors:
This is the third year CMUS, Talk of the Town News and Customer Care News have honored companies for achieving high levels of customer satisfaction with the Talk of the Town Awards. Among the types of organizations and professionals eligible to receive the award are hospitals, dentists, accountants, physical therapists, veterinarians, optometrists, insurance, chiropractors, lawyers, financial planners, restaurants, bakeries, event centers, home improvement companies, florists, spas, salons and mortgage companies.

For more information about the award or its sponsors, please contact CMUS and Talk of the Town News at 877-498-6405 or online at http://www.talkofthetownnews.com.

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©Copyright 1997-

, Vocus PRW Holdings, LLC. Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.

Do you have a Wells Fargo Home Equity Line or Mortgage that you cannot afford? Have you missed payments on a Wells Fargo Home Equity Loan? Tune in today as Wells Fargo short sale experts Josh and Sarah with the Pomerleau Team at Keller Williams Realty talk about Wells Fargo Home Equity Loan short sales and the Wells Fargo Home Equity Loan short sale process. If you have any Wells Fargo Home Equity short sale questions or would like more information about qualifying for a Wells Fargo Home Equity short sale contact the Pomerleau Team at 763-463-7580 or submit a contact form at www.ShortSaleShift.com
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