VYC Realty introduces Imperium Investments here on the Investors network.

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@vycrealtyllc
VYC Realty introduces Imperium Investments here on the Investors network.
A very trustful company conformed by organized, liable, respectful and really nice people who know how to handle problems wisey
Ariel Aredidon
THE CONTINUED WAVE OF FORECLOSURE
If you or anyone you know is facing foreclosure WE CAN HELP!!!
Call Us (510) 596-1774 Para Español (510) 944-0120 Fax (510) 743-7035
Get Approved
If I'm behind on my mortgage payments can i get a loan modification and if not, can you still buy my home?
Rhonda L. Home Owner Fighting Foreclosure
Yes! We are a certified Loan Modification agency by (AFA) Americanl Foreclosure Association. Authorized and Insured by the Department of Justice Attorney Generals Office and Bonded by the Secretary of State. We can buy homes in any type of financial situation. We work directly with the banks, are very familiar with the foreclosure process, and often buy homes that are behind on payments.
4329 Greenwich circle Sacramento 4br 2.5 bath 2130 sq feet. For more for information please call 510-761-8677 and ask for Mary.
THE CONTINUED WAVE OF FORECLOSURE
If you or anyone you know is facing foreclosure WE CAN HELP!!!
Call Us (510) 596-1774 Para Español (510) 944-0120 Fax (510) 743-7035
MORTGAGE UNDERWATER? STOP EVERYTHING AND CALL (510)761-8677
Get Approved
Meet our Credit Specialist Ruth. Learn “The Truth from Ruth” Get the truth about your credit! Learn the difference between a Short Sale & Foreclosure and how it effects your credit!
Our Credit Soulitions
Meet our Credit Specialist Ruth Van Derostyne. Having spent years in the real estate market, Ruth had always known real estate to be the best investment. The Great Recession forced Ruth out of business and she lost it all. Ruth is no stranger to foreclosures, tax liens, judgments, bankruptcy, you name it she's been there! Today, Ruth and our team of financial education experts, are committed to helping people through their financial challenges.
Our Goal
Our primary goal is to guide you in repairing the data in your file to improve your credit and increase your credit score. You deserve to have a financial history which accurately reflects your creditworthiness. Credit Reporting Agencies’ rules and regulations were created without regard to borrowing or default statistics, and with even less regard for consumers who may make a mistake in handling their credit.
For example, the arbitrary assignment of 7 years for listing a bankruptcy on your credit report is pulled out of thin air. There is very little data on individual or small business bankruptcy recidivism. Credit Reporting Agencies would leave all historical data on your report, from the day you first acquired credit, if they could. There are Chapter 7 bankruptcy individuals who never had a late payment in their lives, either before or after the bankruptcy, because they juggled their multiple credit accounts to insure they met payments on time. Despite the 7-year rule, many people are able to get back on their feet in as few as 2-3 years. Credit Reporting Agencies rarely showcase information which redounds to the benefit of individuals. Financial Education Services that is where we step in, and showcase the individuals creditworthiness.
Credit Restoration Education & Service
We analyze each clients credit situation and devise the best plan to dispute the items affecting their credit score. We use the Fair Credit Reporting Act laws against the credit bureaus in order to remove these items. This is a process of letters that we send out to the credit bureaus and/or furnisher.
Debt Negotiation Education & Service
We have several tactics we use against collection companies in order to settle the debt for a fraction of what is owed. We analyze each collection item and work according to each client’s personal needs in order to make the best offer that both the client and collection company can agree on.
Business Credit Service
Most business owners are typically using their own personal credit for their operating needs. Our unique system helps our business owners build their Paydex score which allows them to obtain credit without using their personal credit. This is great for clients that cannot obtain a SBA loan from a bank.
Student Loan Consolidation
Student Loan Consolidation: Our program allows our clients with outstanding student loans to be able to Refinance them for a lower payment. We can help these clients whether they are current or behind on payments. Our program also offers payment relief for certain occupations over a time period of making payments.
Financial Foresight
We now offer a program that guides our clients to make the best financial decisions and even pay off all of your debt including your mortgage in ½ to 1/3 of the standard time with NO change in their salary and/or everyday spending.
To obtain a copy of your credit report, please send an email to info@[email protected]
CALL TODAY!!! (510) 761-8677
The State of Foreclosure in the United States
No word strikes greater fear in a homeowner’s heart than “foreclosure.” Every day, the media trumpets new figures showing a continuing increase in foreclosures.
If you want to keep your home, your best option is to work something out with your mortgage lender in a way that will satisfy both of you. If, on the other hand, you are ready and willing to leave your home, there are ways to follow that path that will leave you relatively flush rather than destitute.
Most people I talk to in my practice want to stay in their homes but need to change some aspect of their mortgage—the amount of principal, the interest rate, the monthly payment. There are a number of ways to make this happen—by refinancing the mortgage, modifying the mortgage, or filing for bankruptcy.
Many home mortgage modifications happen under a government program known as the Home Affordable Modification Program(HAMP). However, lenders are free to follow their own procedures for settling mortgage issues that don’t qualify for modification under the HAMP guidelines. Participation in HAMP is also voluntary for many lenders, and those who don’t participate in HAMP offer a variety of workout approaches.
HAMP employs a number of government-funded incentives for lenders to modify first and second mortgages. Unfortunately, HAMP has not come close to providing adequate relief for the millions of homeowners who can’t afford their mortgages, though a second level of HAMP (Tier 2) was introduced in 2012 to make it easier for struggling homeowners to qualify for relief. The deadline for the program has been extended to December 31, 2015.
by: Stephen Elias, Attorney
@CLICK HERE!!! @vycrealtyllc
Consequences of Foreclosure in California
To understand the consequences of foreclosure, it’s important to know what Foreclosure means.
What is Foreclosure?
Foreclosure, a legal process enabling your mortgage holder (i.e: Wells Fargo, Bank of America, Chase, IndyMac/ One West Bank, etc.) to cancel a Borrower’s “right of redemption,” or one’s right to buy back their property after it’s been foreclosed on for non-payment, on the mortgaged property through the order of court, also known as the Foreclosure Order.
Tax can have a significant bearing on foreclosure.
Circumstances may differ in different cases; however, generally there are two types of taxes that are applicable on foreclosure: 1) income tax and 2) capital gains tax.
Income tax/ Deficiency Judgement
The deficiency arising out of the amount recovered by the lender and the amount of mortgage you still owe is considered as taxable income at the time of foreclosure. For example: if your total amount owed to your lender is $500,000 and the property is sold at auction to the highest bidder for only $450,000, you as the Borrower may be taxed on the $50,000 “loss”. This may not be true if the following deficiency arose out of loan taken for either improvement on the principle home or for acquisition. This exception is granted under the Mortgage Forgiveness Debt Relief Act 2007.
Capital Gain
If the proceeds from the sale of the property at a foreclosure auction are higher than the cost of the property, then it gives rise to capital gain. To make it clearer, here is a simple example. For instance, if you bought the house for $400,000 and it is sold at $600,000, clearly the capital gains would be $200,000, less (minus) the expenses incurred on improvements, if any, done on the property. This capital gain will be taxed on the Federal Capital Gains Tax Rate of 33%, resulting in your total tax amount due of $66,000 if you within 12 months of purchase OR $30,000 if you sell AFTER 12 months from date of purchase (these are rates for 2015). You can take help of tax advisor to find out your capital gains and related issues on the foreclosure of your house.
Loss of property permanently
Normally, a certain period is granted by the lenders to borrowers before the foreclosure for giving them the chance to redeem the property by paying off the mortgage in full. However, in California this right of redemption is non-existent on non-judicial foreclosures (foreclosure proceedings requiring no court confirmation before the sale of the property to recover an unpaid debt). Since, in California non-judicial foreclosures are common, only a few homeowners have the opportunity to reclaim their property after foreclosure… even if their financial position is strong enough to afford it.
Junior lien recovery
If the home bears any additional lien(s), excluding the mortgage lien, all other liens are wiped out at the time of foreclosure, a process known as “lien stripping.” But this does not mean the debts behind that lien are wiped out as well. Post-foreclosure, lien holders may still be able to sue the borrower and force the borrower to forfeit the debt through one of the following means: wage garnishment, automatic fund withdrawal from your bank account, intercept your state/ federal tax refunds, and in some cases, even imprisonment.
Housing difficulties
Foreclosures have a long term, detrimental effect on your credit worthiness, or FICO credit score. The effect remains hanging like a death toll over your credit report for up to seven years. Not only does it have an adverse effect on you while applying for credit and loans but it also creates difficulties in getting a new home/ mortgage. You will incur resistance in seeking mortgage financing. Also, most landlords ask for an advance payment check as the foreclosure acts as a red flag and casts doubt on your ability to pay, and pay on time.
Foreclosure is always a painful process, no matter what the circumstance. So it is strongly encouraged for you to seek the help of a third-party professional that can make the road to recovery from foreclosure as simple as possible while, empowering you through knowledge of the process and all your available options every step of the way.
The Answer
If you want to avoid foreclosure and/ or need advice on any real estate related issue, we invite you to reach out to us any time at 510-596-1774 or send us an email to [email protected]. Our seasoned team of Foreclosure Specialists can help in the trickiest of situations to get you the mortgage assistance and debt relief you may need now or in the near future through our simple process and convenient loss mitigation services. Call now 510-596-1774, text in to our mobile customer service support line at 510-761-8677, and/ or visit us on the web at: www.VYCrealtyLLC.com. Good Luck!
GET APPROVED
Wanna feel like her? Get Approved! We are a certified Loan Modification agency by (AFA) American Foreclosure Association. Authorized and Insured by the Department of Justice Attorney Generals Office and Bonded by the Secretary of State. AFA has received a “Certification of Registration” from the California Attorney General’s Office and has a bond on file with the California Secretary of State as required by California law. Registration by the Attorney General’s Office is not to be considered an endorsement of any company.
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