Comments for Nevada Loan Modification Attorney Malik Ahmad http://lvattorneyma.wordpress.com Loan modification, foreclosure, predatory lending issues for general public awareness and education. No legal advise is meant.**** Sun, 08 Nov 2009 15:35:19 +0000 http://wordpress.com/ hourly 1 Comment on Show Me The Note Baby by malik11397 http://lvattorneyma.wordpress.com/show-me-the-note-baby/#comment-951 malik11397 Sun, 08 Nov 2009 15:35:19 +0000 http://lvattorneyma.wordpress.com/?page_id=516#comment-951 I regret and advice you to contact a local attorney as I am only familair with Nevada laws. I regret and advice you to contact a local attorney as I am only familair with Nevada laws.

]]> Comment on How to Apply for Nevada Mediation For Loan Modification by malik11397 http://lvattorneyma.wordpress.com/2009/08/07/how-to-apply-for-nevada-mediation-for-loan-modification/#comment-950 malik11397 Sun, 08 Nov 2009 15:34:32 +0000 http://lvattorneyma.wordpress.com/?p=803#comment-950 Yes, the lender is supposed to send you the mediation papers. They cannot proceed doing foreclosure without offering you these services. That is what is required under AB 149. Yes, the lender is supposed to send you the mediation papers. They cannot proceed doing foreclosure without offering you these services. That is what is required under AB 149.

]]> Comment on How to Apply for Nevada Mediation For Loan Modification by Greg http://lvattorneyma.wordpress.com/2009/08/07/how-to-apply-for-nevada-mediation-for-loan-modification/#comment-948 Greg Sat, 07 Nov 2009 21:12:07 +0000 http://lvattorneyma.wordpress.com/?p=803#comment-948 Is the lender required to send you the mediation form within 30 days? What if they fail to do so? Greg Is the lender required to send you the mediation form within 30 days? What if they fail to do so?

Greg

]]> Comment on Myths and Mysteries: Loan Modifications by Shaun http://lvattorneyma.wordpress.com/myths-and-mysteries-loan-modifications/#comment-941 Shaun Wed, 04 Nov 2009 15:57:16 +0000 http://lvattorneyma.wordpress.com/?page_id=106#comment-941 Finding a local specialist is your best chance to stop foreclosure. If you need to stop foreclosure in Utah then go to http://www.StopForeclosureNorthernUtah.com Finding a local specialist is your best chance to stop foreclosure. If you need to stop foreclosure in Utah then go to http://www.StopForeclosureNorthernUtah.com

]]> Comment on Show Me The Note Baby by malik11397 http://lvattorneyma.wordpress.com/show-me-the-note-baby/#comment-900 malik11397 Fri, 16 Oct 2009 16:16:05 +0000 http://lvattorneyma.wordpress.com/?page_id=516#comment-900 You definitely need a specific legal advice, and also you are in different state. Most of my articles are meant for general education purposes and not for specific legal help. For a specific legal help, you need to see your state resources or contact one of your local well informed attorney. I regret I cannot give you a specific legal advice as this would be a breach of professional code of conduct of Nevada State rules governing attorneys licensed in Nevada. You definitely need a specific legal advice, and also you are in different state. Most of my articles are meant for general education purposes and not for specific legal help. For a specific legal help, you need to see your state resources or contact one of your local well informed attorney. I regret I cannot give you a specific legal advice as this would be a breach of professional code of conduct of Nevada State rules governing attorneys licensed in Nevada.

]]> Comment on Show Me The Note Baby by ANN BEARD http://lvattorneyma.wordpress.com/show-me-the-note-baby/#comment-899 ANN BEARD Fri, 16 Oct 2009 14:29:14 +0000 http://lvattorneyma.wordpress.com/?page_id=516#comment-899 Dear Attorney Malik Ahmad. I am looking for help with my note holders. And I saw some of your sample complaint/answer. I also saw where you have (show me the note). I really will like to get more information of how to made the heading look like and what court do I file this complaint into. If you answer me today I will very thankful. I am in the state of Georgia their is many predator lenders that are foreclosureing on home owmer. My note have been too about different lenders already in three years. the lender I never received any notice that htey are my new lender. plus bears stearn is out of business. thank you Dear Attorney Malik Ahmad. I am looking for help with my note holders. And I saw some of your sample complaint/answer. I also saw where you have (show me the note). I really will like to get more information of how to made the heading look like and what court do I file this complaint into. If you answer me today I will very thankful. I am in the state of Georgia their is many predator lenders that are foreclosureing on home owmer. My note have been too about different lenders already in three years. the lender I never received any notice that htey are my new lender. plus bears stearn is out of business. thank you

]]> Comment on Bank of America Announces Loan Modification Program by malik11397 http://lvattorneyma.wordpress.com/bank-of-america-announces-loan-modification-program/#comment-896 malik11397 Thu, 15 Oct 2009 17:25:33 +0000 http://lvattorneyma.wordpress.com/?page_id=95#comment-896 I am sorry about this situation. This, of course, is very frustrating. In fact, I meet everyday homeowners in your situations. There is no such legal help which can cure these situations other than persistence and negotiations. We have told many times to lenders that foreclosures is never a pleasant issue for anyone including the banks, and they readily agree to that, but their subsequent conduct is entirely different and contrary to that. As of this morning, the news is that they are earning another 140 billion dollars as bonus money. This is despicable. It is the taxpayers money which got rid of their toxic assets and made them profitable. They should return this money back to people i.e taxpayers. Please do not give up and continue talking to them. Try to talk to higher ups because lower folks (10 dollar hourly) have generic asnweres which read from a sheet. If you don't have any equity, there is likelihood of any improvement in this situation (read Moody's report), think seriously of other alternatives. There are of course painful choices, some are lesser painful I am sorry about this situation. This, of course, is very frustrating. In fact, I meet everyday homeowners in your situations. There is no such legal help which can cure these situations other than persistence and negotiations. We have told many times to lenders that foreclosures is never a pleasant issue for anyone including the banks, and they readily agree to that, but their subsequent conduct is entirely different and contrary to that. As of this morning, the news is that they are earning another 140 billion dollars as bonus money. This is despicable. It is the taxpayers money which got rid of their toxic assets and made them profitable. They should return this money back to people i.e taxpayers. Please do not give up and continue talking to them. Try to talk to higher ups because lower folks (10 dollar hourly) have generic asnweres which read from a sheet. If you don’t have any equity, there is likelihood of any improvement in this situation (read Moody’s report), think seriously of other alternatives. There are of course painful choices, some are lesser painful

]]> Comment on Bank of America Announces Loan Modification Program by T Ahlquist http://lvattorneyma.wordpress.com/bank-of-america-announces-loan-modification-program/#comment-894 T Ahlquist Thu, 15 Oct 2009 02:13:24 +0000 http://lvattorneyma.wordpress.com/?page_id=95#comment-894 We have been trying to do a loan modification on 2 nevada investment properties for over 12 months with Bank of America. We feel that we have no where to turn at this point. We DO NOT want to do a short sale or foreclosure on either of these homes, and will continue to make payments even though they are upside down. When we started the process over 14 months ago, we had perfect credit, and never late on anything. We had 20 yr mortgages on our investment properties. Our (selfemployment) income had dropped significantly, and the rent did not cover the paymenst. So, we wanted to refinance from 20 yr to 30 yr. Bank of America said we did not qualify to refinance due to us having too many mortgages- again, our credit was excellent and we qualified via tax returns. Bank of America told us tht the only way they could help us is if we were in default. So, if we went 30 days late, we could then submit for a loan modification. AFter much difficulty, we came to the conclusion that this was our only choice. We could no longer afford to come up with additional money each month after receiving our rental income to make the payments. We DID NOT want to lose the properties. So, we didn't make our payment and submitted for loan modification. We did this on 4 properties with BAnk of AMerica. AFter going 30 days late, we made 1 of the mortgages current-Bank of AMerica called and said that the modification of that property was declined due to us bringing the loan current, and that if we wanted to go delinquent again, we could resubmit. THis scared us, and so, we did not bring any of the other 3 prop's current- in order to keep the loan mod moving forward. It has now been apprx 14 months. We kept being told that they misplaced our docs, or it was kicked out of the system, delay, delay, delay. We then ended up getting loan mod papers on all 3 properties. The changed the term from 20 to 40 yr. WE were very happy, except that on the 2 Nevada properties- they added all the 14 months of pyaments to the principal, and therefore we are still 1200 negative after receiving rental income. So, we signed 1 of the loan mods (Colorado Property), and did not accept the 2 nevada properties, (BOA rep told us to resubmit financials, as they had us making too much money, and therefore we didn't qualify for the rate reduction, principal reduction, or waiving the late payments). So, we revised our financials and have reaubmitted for loan modification. We called in today to see how things are going, and they are now saying that we don't qualify as these prop's are investment. AFTER 14 months of telling us that we have to be in default, and spending 100+ hours on the phone going over figures, receiving loan mod docs- etc, resubmitting~ now they tell us we don't qualify cuz of investment property. We are now so far behind that we have no way of making up the back payments, our credit is ruined, and the low credit scores are now affecting our business- which is our only source of income. PLEASE HELP!!! WE ARE AT THE END OF OUR ROPE AND DON'T KNOW WHAT TO DO!!! We want to keep the homes, but, now we are out of choices. Is there any help for us?? Thanks for your time! We have been trying to do a loan modification on 2 nevada investment properties for over 12 months with Bank of America. We feel that we have no where to turn at this point. We DO NOT want to do a short sale or foreclosure on either of these homes, and will continue to make payments even though they are upside down. When we started the process over 14 months ago, we had perfect credit, and never late on anything. We had 20 yr mortgages on our investment properties. Our (selfemployment) income had dropped significantly, and the rent did not cover the paymenst. So, we wanted to refinance from 20 yr to 30 yr. Bank of America said we did not qualify to refinance due to us having too many mortgages- again, our credit was excellent and we qualified via tax returns. Bank of America told us tht the only way they could help us is if we were in default. So, if we went 30 days late, we could then submit for a loan modification. AFter much difficulty, we came to the conclusion that this was our only choice. We could no longer afford to come up with additional money each month after receiving our rental income to make the payments. We DID NOT want to lose the properties. So, we didn’t make our payment and submitted for loan modification. We did this on 4 properties with BAnk of AMerica. AFter going 30 days late, we made 1 of the mortgages current-Bank of AMerica called and said that the modification of that property was declined due to us bringing the loan current, and that if we wanted to go delinquent again, we could resubmit. THis scared us, and so, we did not bring any of the other 3 prop’s current- in order to keep the loan mod moving forward. It has now been apprx 14 months. We kept being told that they misplaced our docs, or it was kicked out of the system, delay, delay, delay. We then ended up getting loan mod papers on all 3 properties. The changed the term from 20 to 40 yr. WE were very happy, except that on the 2 Nevada properties- they added all the 14 months of pyaments to the principal, and therefore we are still 1200 negative after receiving rental income. So, we signed 1 of the loan mods (Colorado Property), and did not accept the 2 nevada properties, (BOA rep told us to resubmit financials, as they had us making too much money, and therefore we didn’t qualify for the rate reduction, principal reduction, or waiving the late payments). So, we revised our financials and have reaubmitted for loan modification. We called in today to see how things are going, and they are now saying that we don’t qualify as these prop’s are investment. AFTER 14 months of telling us that we have to be in default, and spending 100+ hours on the phone going over figures, receiving loan mod docs- etc, resubmitting~ now they tell us we don’t qualify cuz of investment property. We are now so far behind that we have no way of making up the back payments, our credit is ruined, and the low credit scores are now affecting our business- which is our only source of income. PLEASE HELP!!! WE ARE AT THE END OF OUR ROPE AND DON’T KNOW WHAT TO DO!!! We want to keep the homes, but, now we are out of choices. Is there any help for us??

Thanks for your time!

]]> Comment on Law Office of Malik W. Ahmad by Yolanda http://lvattorneyma.wordpress.com/about/#comment-887 Yolanda Mon, 12 Oct 2009 20:40:38 +0000 #comment-887 Do you offer free consulation? I owe Real Estate in Fernley,NV live in CA and I am considering the home getting foreclosed. It is loosing money and requires repairs day by day.Puchased At 242K, owe 193K and currently worth 100K after the city was floaded 2 years agao. Regards, Do you offer free consulation?

I owe Real Estate in Fernley,NV live in CA and I am considering the home getting foreclosed. It is loosing money and requires repairs day by day.Puchased At 242K, owe 193K and currently worth 100K after the city was floaded 2 years agao.

Regards,

]]> Comment on Sample Complaint/Answer against Predatory Lending (Fight Foreclosure) by malik11397 http://lvattorneyma.wordpress.com/sample-complaintanswer-against-predatory-lending-fight-foreclosure/#comment-883 malik11397 Sun, 11 Oct 2009 04:06:08 +0000 http://lvattorneyma.wordpress.com/?page_id=630#comment-883 You are always welcome to contact me via email. Malik You are always welcome to contact me via email.
Malik

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