Feds Leave Rates At Record Lows

For sometime rates on home mortgage loans have been impacted by records lows. Many consumers and lenders wondered whether the feds would allow rates to rise during the holiday season. The Feds left short-term interest rates at record low levels. This leaves observers with a number of questions.

1. Does this mean the economy is making a turn for the better?
2. How will this stance impact home mortgage loans?
3. Will the stance help bolster the economy in 2010?

The Fed’s interest-rate committee voted unanimously yesterday to keep the key Fed funds rate unchanged in a zero- to 0.25-percent range. The central bank also said the U.S. economy is showing signs of life.

As a result, the Fed spoke of curtailing rate cuts and rate stays in the future and plans curtail moves that shower financial firms with the cash to make business and consumer loans. Termination of an initiative to pump $1.4 trillion into the home-loan market to drive U.S. mortgage rates down is said to occur by March 31.

Preventing Mortgage Fraud

Present confidential financial and personal information only to someone you trust and who works for the mortgage company in your behalf.

Research lender history and establish that the lender is licensed and in good standing before giving out any information.  If you have doubts, call your state department of banking and finance
Be thoroughly honest and let the mortgage company know you are holding them to the same standard. When completing the loan application and answering questions during the application process do not guess at it. If a company rep tries to put down information that is inaccurate understand that this act gives him leverage and a feeling of liberty to rack of fees as if you are paying him to do you a favor and get this loan through. Accept no illegal favors!

Keep copies of everything you provide to the Lender and everything you are required to sign.
Review the Good Faith Estimate of Closing Costs that is required to be given to you by your Lender. Popint out fees you do not understand or with which you disagree. Require written confirmation of the interest rate lock-in once you have agreed to lock in a rate.

Read and understand all of the documents presented to you before you sign them and always questions even if you think you understand.
By all means proceed with caution if you are not required to put money down – or, even worse, if you receive money back

Do not create a false identity or use someone else’s identity or social security number to obtain a loan.

Do not provide, or pay anyone else to provide, false information about your employment, income, credit or bank

Do not accept payment for use of your name, credit or social security number.

If a loan has false or misleading information including appraisals with inflated values do not approve the processing of such loan.  If down payments or earnest money did not come from you, or rental lease information is inaccurate do not close the agreement.

Down payments go to your real estate agent or the seller of the home you are purchasing. If you have doubts about who really owns the home you are purchasing, call the county tax assessor to verify the current owner and find out when they took ownership.

Sign your own papers during the loan process and allow nothing to process without your written approval and authorization.

Be wary of any incentive offer to get “paid” for purchasing a home. The buyer brings a certified check to closing.

Additional fees or costs associated with the loan after the loan closes are likely bogus. If someone asks you to do this, refuse and obtain legal advice. Find a local mortgage fraud department or lawyer.

Insurance Fraud Reporting Checklist

Be Prepared. It's better to have more information than needed then to have less. Keep in mind fees are incurred when you have to have more meetings than necessary to resolve your case. Someone get's paid and therefore someone pays.  Your first defense when reporting insurance fraud is going to the state fraud bureau and the National Insurance Fraud Crime Bureau.

 

1.  Full details of the suspected scam - Less is not more when reporting fraud. More details are better than less in all cases so rport all that you know or that time and form space will allow.

2.  Dates, names - Date of fraudelent transactions

3.  Organizations involved, including phone numbers and addresses (if relevant)
  
4.  Insurance company or companies that were defrauded or did the defrauding (if relevant)

5.  Amount of money you think was lost - Provide payment statements

6.  Documents and other written material -  Provide application approval letters and any policy information

7.  Other information you think is helpful

Celebrex Class Action Lawsuit

Celebrex Class Action Lawsuit
The Celebrex Class Action lawsuit is a lawsuit brought by one party on behalf of the group of individuals all having the same grievance including drug allergy reactions when taking the medication. In such case court action is taken in which many people filing similar lawsuits attem to recover losses and damages.

Claims:
The suit alleges medication caused illness
Note: Another type of class action suit may allege price-fixing among major pharmaceutical companies

Losses and Damages:
Illness caused by use of the product, job loss due to illness, loss of housing, healthcare provisions, stress related losses. etc.

Checklist of Initital Steps To Take Before Filing Class Action Lawsuit

1. Take not of the brand name of your product
2. Locate purchase reciepts
3. Read contract details
4. Read disclaimer details and warnings
5. Read side effects details and warnings
6. Look up product reviews
7. Record any problems, illnesses, etc.
8. Get a full examination
9. Take pictures for visual evidents
10. Get a copy of all police, medical or fire department reports
11. Hire investigator for additional reports
12. Look up product class action lawsuites
13. Look up class action lawyers online (Google Search)
14. Request class action form
15. Complete form
16. Mail in form

Bextra Class Action Lawsuit Checklist

Bextra Class Action Lawsuit
The Bextra Class Action lawsuit is a lawsuit brought by one party on behalf of the group of individuals all having the same grievance including drug allergy reactions when taking the medication. In such case court action is taken in which many people filing similar lawsuits attem to recover losses and damages.

Claims:
The suit alleges medication caused illness
Note: Another suit may also allege price-fixing among major pharmaceutical companies

Losses and Damages:
Illness caused by use of the product, job loss due to illness, loss of housing, healthcare provisions, stress related losses. etc.
Checklist of Initital Steps To Take Before Filing Class Action Lawsuit

1. Take not of the brand name of your product
2. Locate purchase reciepts
3. Read contract details
4. Read disclaimer details and warnings
5. Read side effects details and warnings
6. Look up product reviews
7. Record any problems, illnesses, etc.
8. Get a full examination
9. Take pictures for visual evidents
10. Get a copy of all police, medical or fire department reports
11. Hire investigator for additional reports
12. Look up product class action lawsuites
13. Look up class action lawyers online (Google Search)
14. Request class action form
15. Complete form
16. Mail in form

Free Legal Help When Facing Foreclosure

Facing Foreclosure?

For those looking for free consultation and government run arbitration programs, yes there's not only a checklist for that but a whole webiste of assistants.

First the Home Foreclosure Consultation checklist.

1. Carefully read foreclosure compaint letter from lender

2.  Ascertain and document whether the lender complied with the new foreclosure procedural requirements

3. Raise the lender's noncompliance with the law as an affirmative defense in their answer to the foreclosure complaint

4. Loan Papers

4. Gather Pay Stubs/ Bank Statements. The last two months of pay stubs

5. Gather or Create a Personal Budget

6.  Gather Multi-Family Home Rental Income Documentation.

7. Gather Rental receipts given to their tenants each month.

8. Monthly Mortgage Statements. The last three months of statements

9. Gather Supporting Documents. Any paperwork the homeowner has received from their mortgage company.

10. Gather a list of reasons why your mortgage has been in arrears.
 
For more help go to...

Dealing with Mortgage Fraud?
Carefully examine the Foreclosure Complaint Letter. File an answer to the complaint.
Concisely deny any allegations in the complaint that are false. Establish any affirmative defenses which may be applicable as follows:
(a) the mortgage was entered into fraudulently or in violation of the Truth in Lending Act
(b) the lender failed to comply with applicable notice periods
(c) the lender failed to personally serve the foreclosure summons and complaint.

Above all act quickly.

Seeking Legal Advice For Mortgage Fraud and Foreclosure Issues?

We are taking break to discuss the reality of home mortgage fraud and foreclosure issues that are giving the home mortgage marketing a battering. The bottom line is the homeowner needs to protect himself from the mess this has made to the individual and the economy at large. So what to do?

This is to introduce a new free legal advice blog.
Free Legal Advice Now
This blog provides access to resources and checklists that help combat fraud and othe forms of illegal activities targeting the consumer.
Among the issues discussed and help given are...
Product Defect Endangerment, Class Action Lawsuits, Celebrex and Vioxx related illness lawsuits c

Facing Foreclosure?
There's a checklist for that.
If you are looking for legal representation for the follow: Mortgage Fraud and Resultant Foreclosure Issues

Need Help with Mortgage Fraud?
There's a checklist for that.

Finding Legal Help for Lemon Lawsuits

Checklist When Seeking Legal Representation for Lemon Lawsuits

1. Write a letter to the manufacturer
2. Gather all documents and make copies

3. Purchase contract

4. Vehicle warranty

5. Vehicle repair orders

6. Vehicle reports of inspections

7. Vehicletechnical service bulletins

8. If the manufacturer does not buy back the lemon vehicle hire an attorney

9. Consider a Manufacturer's arbitration program

10. If arbitration does not rule in your favor consider the following

11. Pursue your Lemon Law rights in court

12.  Hire an attorney

13. File a lawsuit

Finding Legal Advice For Lawsuits For Vioxx

Getting legal advice for problems and illnesses when using the prescription drug vioxx.

Checklist of actions when seeking vioxx legal help.

1. Retain a copy of the prescription record
1. Retain a receipt of purchase
1. Record dates and times of drug use.
2. Record detailed description of early symptoms
3. Get a medical examination
4. Retain a copy of the examination
5. Take pictures of any odd physical signs of illness
6. Look up similar symptoms upon drug use. (Perform Google Search)
7. Look up Legal Attorney specializing in Drug specific cases (Perform Local Google Search using zip code)
8. Contact Legal Attorney speciallizing in such cases
9. Present your case using copies of all evidence gathered

Finding Legal Consultation For Class Action Lawsuits

There are few recent class-action settlements that you just might be eligible for.

View the following list of recent class action lawsuits for 2009.
Products included: energy drinks, name-brand prescription drugs, and zombie microwaves.

Slenderize Drinks
Slenderizing energy drinks labels allegedly misleading information.

Moble Devise Early Termination Fees
Flat-rate early termination fee instead of a prorated fee for canceling your contract.

450 Prescription Drugs
The suit alleges price-fixing among major pharmaceutical companies

Bextra and Celebrex
The medication may cause illness

Name Brand Microwaves
The units may cause fire hazard, pet illness

Checklist of Initital Steps To Take

1. Take not of the brand name of your product
2. Locate purchase reciepts
3. Read contract details
4. Read disclaimer details and warnings
5. Read side effects details and warnings
6. Look up product reviews
7. Record any problems, illnesses, etc.
8. Get a full examination
9. Take pictures for visual evidents
10. Get a copy of all police, medical or fire department reports
11. Hire investigator for additional reports
12. Look up product class action lawsuites
13. Look up class action lawyers online (Google Search)
14. Request class action form
15. Complete form
16. Mail in form

Finding consultants for car accidents

How to avoid misrepresentation when your in an auto accident.
You feel the police report contains misimformation. The so-called witnesses take sides against you. How do you get justice? You must act in your behalf and act fast.

1. Call a certified investigative consultant on the spot.
2. Turn on your cellphone recorder.
3. Do not move any cars
4. Take pictures of the cars
5. Take of the skid marks
6. Take pictures of intersections and street signs adjacent to the accident scene.
7. Take pictures of any street cameras
8. Take pictures of street lights
9. Use a camera with time recorder
11. Ask police to make a record of your a statement of what you believe occured
12. Call friends and relatives who can arrive on the scene.
13. Make a note of all injuries
14. Take pictures of cuts bruises and abrasions
15  Go to the emergency room and get a full examination including ex-rays.
16. Get a copy of the admittance and examination records
17. keep a log of all expenses encurred and work time missed
18. Get immediate appraisal from insurance company.
19. Contact your attorney
20. Get sattelite records of the accident (pictures and video)