Short Refinance and Loan Modification Experts Serving Homeowners Nationwide

M3 Strategy Site Launch: Short Refinance and Loan Modification Experts Serving Homeowners Nationwide

M3 Strategy debuted a new Web site exhibiting a full suite of services in debt negotiation, loan modifications and short refinancing to help homeowners modify their mortgage loans.

Scottsdale, Arizona — September 1, 2009 — In a severe climate of economic uncertainty, tightened lending practices and a battered real estate market arrives a ground-breaking strategy to provide relief for homeowners across the nation. On Aug. 25, M3 Strategy launched a new Web site, debuting a comprehensive collection of homeowner resources and a distinctive boutique of loss mitigation services, including loan modifications and short refinancing.

“M3 Strategy functions on the principle of empowering the American homeowner,” said David Reichner, Director of Marketing at M3 Strategy. “Those who approach lenders without competent representation are at an immediate disadvantage. We provide the means for loan modification or a short refinance (, in addition to many other loss mitigation avenues that protect homes and bring peace of mind to families nationwide.”

Reichner said that even with President Barack Obama’s new loan modification plan, which has reserved $75 billion in federal funds to revise toxic mortgage situations, many American homeowners are thwarted by copious bureaucratic obstacles.

“The abundance of troubled mortgages has all but crippled loss mitigation departments at most lending institutions. These are typically small departments with limited resources. The procedure can be time-consuming and the results are often objectionable. We’re here to demystify the loan modification process and get the results homeowners need.”

According to Reichner, successful loan modification ( involves a scientific business strategy. “Mortgage modifications need to be structured correctly in order to work. When negotiated properly, loan modification can produce lower interest rates, fewer fees and reduced monthly loan payments. By and large, the result should create a much healthier mortgage situation.”

For short refinancing, Reichner said that M3 Strategy navigates the entire process, negotiating with the lender to accept a short payoff that corresponds with the current market value of the property. “For those in good standing with their mortgages, a short refinance is an excellent solution that can help reverse negative equity and lower mortgage payments.”

In addition to loan modification and short refinancing (, M3 Strategy offers traditional mortgage services, as well as specialty services in debt negotiation, credit restoration and all forms of loss mitigation. “By design, our services assist homeowners in distress by completely repositioning them in the real estate market,” said Reichner. “Those facing loss of equity, financial hardship or any other adverse circumstances can truly find relief.”

Reichner also stated that M3 Strategy has numerous resources at their disposal and can address nearly any circumstance. “Whereas other loss mitigation professionals may simply organize the paperwork, M3 Strategy fights for a better resolution. Whether past denial or knee-deep in foreclosure proceedings, help is here.”

About M3 Strategy

M3 Strategy ( offers unrivaled solutions for American homeowners, fighting for healthier mortgage situations and viable alternatives to foreclosure. Formed in 2009, with central offices in Scottsdale, Arizona, M3 Strategy is a dedicated team of legal professionals, loss mitigation experts and nationally recognized mortgage professionals who specialize in loan modification and short refinancing. With several years of industry expertise, M3 Strategy is committed to liberating homeowners and providing the peace of mind they deserve.

For more information about M3 Strategy, contact Reichner at (866) 602.7542 or visit the Web site at


New Credit Score Model Not Helping Home Buyers Says Credit Expert

New Credit Score Model Not Helping Home Buyers Says Credit Expert

DALLAS, Aug. 26 — Credit Expert Eddie Johansson believes the improved FICO 08 credit scoring model will increase the credit scores of a significant segment of borrowers. According to Johansson, president of Credit Security Group, a leading nationwide credit analysis and rescoring firm, that’s because the largest sources of home financing, Fannie Mae and Freddie Mac, have not yet approved it.

“When Fannie and Freddie approve it, it has arrived – but not until then,” he said. Neither organization has provided its schedule or intentions for approving the FICO 08-based credit scores available from two major credit bureaus.

Credit scores help lenders determine whether a mortgage loan is approved and the interest rate offered. In general, the higher the score, the easier it is to get a mortgage loan and the lower the interest rate.

Johansson said his analysis predicts the new model – if approved – will have the most impact on the current refinancing boom and mid-to-higher-end home sales. Speaking to 150 bank executives at the Independent Bankers Association of Texas Leadership Conference in San Antonio and to banking educators attending the Financial Literacy Summit at the Federal Reserve Bank of Dallas, Johansson said, “If it’s implemented as expected, it is a great opportunity to boost the housing market.”

Johansson believes the new model will be a more accurate measure of credit risk. “It takes into account more of the borrower’s history and penalizes them less for a single unusual event,” he said. “It also has more score card levels, allowing finer adjustment of credit scores.” He said it will reduce the power of unscrupulous credit collectors too, since a single bad event – reported in error – will have less impact on scores.

FICO 08′s developer, Fair Isaac Corporation, predicts it will help lenders reduce default rates on consumer loans 5 to 15 percent.

Fannie Mae and Freddie Mac own or guarantee almost 31 million home loans worth about $5.4 trillion, which makes it all the more important that they approve the new score model.

Johansson will be a featured speaker on understanding and improving credit scores for consumers and small business owners at the Austin Money Show September 25-26. Registration is available at

About Credit Security Group
Credit Security Group serves consumers and lending organizations nationwide and advises major banks, mortgage lenders and their clients on how the system works and how to use this knowledge to improve scores. CSG conducts seminars and educational presentations to consumer, banking and real estate groups and associations and has offices in Dallas, Houston, Longview and Nacogdoches, Texas.

SOURCE Credit Security Group

Now is a great time to buy your first Home in Tucson Arizona.

Now is a great time to buy your first Home in Tucson Arizona.

I am sure many people realize that the American Recovery and Reinvestment Act of 2009 authorizes a tax credit of up to $8,000 for qualified first-time home buyers purchasing a principal residence on or after January 1, 2009 and before December 1, 2009. Time is actually running out to find a Tucson home and also close on it by the deadline.

We expect closings to be delayed as lenders and banks do their best to get all the loans closed prior to the end of November. The current Tucson home inventory around the $200,000 price bracket isalso shrinking and the interest rates are possibly trending upward. We have been checking the current Tucson Real Estate Market, and have found that many popular areas now have inventories levels of less than six months. We are expecting another round of possible foreclosures in Tucson, but this may not happen before the end of November.

Just as an FYI a first time buyer can be defined as a buyer who has not owned a principal residence during the three-year period prior to the purchase of their home, as well as someone who has never owned a home. This means that you have 3 months to find your home, get your financing organized and close on the home to take advantage of this government Act.

Let us know how we can help you get qualified for your new home in the Tucson and surrounding area, and we will also help you find your new home here. Some new home builders have homes that will close prior to November 31st and are willing to lock at current interest rates too. You can search home on our site by clicking the link below.

For those of you that do not know much about Tucson we were just rated as one of the best and most affordable places to retire and live by Business Week.

If you are looking to buy a home in Tucson as either a primary residence or as a second home, then our pricing is currently at an all time low and can be compared to home prices in 2003. As Tucson is the oldest continually in habited city in the US, there is no lack of Local History. We have over 350 days of sunshine, have great sunsets, cacti, restaurants, and outdoors activities. We have most of our rain in the Summer months along with the monsoons, and have spectacular lightening storms.

Tucson really has something for everyone as we also are surrounded by 8000 ft mountains that have pine forests. We also has the most southernly ski slope in the US at Mount Lemmon, and one can enjoy some home made fudge there in the Winter!

Feel free to call us for a FREE Tucson relocation package that will give you detailed information on Tucson, its history, major employers, living in the Sonoran Desert, and the surrounding area of Oro Valley, Marana, Vail and Sahuarita. is the most comprehensive informational site for Tucson az Real Estate, Oro Valley, Vail real estate and Marana real estate! Don’t miss our Featured Tucson Homes and be sure to search our free/no hassle Tucson MLS listings.

Call us today:
Coldwell Banker Residential Brokerage
2890 E Skyline Drive, Ste 250
Tucson, AZ 85718
Phone: 520.529.7507
Fax: 520.844.6626

1st Foreclosure Prevention: The Help Homeowners Need to Stop Foreclosure in its TracksFont Scale

1st Foreclosure Prevention: The Help Homeowners Need to Stop Foreclosure in its TracksFont Scale

26 August 2009  Huntingdon Valley, United States – Current studies show that thirteen percent of homeowners with a mortgage are in foreclosure. Statistically speaking, that’s a small amount-until you consider the thousands of Americans currently carrying the mortgage and the fact that every foreclosure means another U.S. family is going to be left homeless. HOPE for Homeowners and the recently signed Helping Families Save Their Homes Act go a long way toward helping homeowners find options other than foreclosure, but they can’t do everything.

1st Foreclosure Prevention is here to help.
Good Morning America recently spotlighted the current financial crisis and the inefficiency of government acts to stem the flood of foreclosure in this country. Statistics show that approximately three to four million people applied for the HOPE for Homeowners Program. Of these, only 235,000 are currently participating in trial programs. That’s less than 6% of the total applicants.

Out of those 235,000, 65% needed third party assistance with the application process and 35% of those that didn’t needed a third party in the beginning ended up contacting one toward the end to stop the foreclosure they couldn’t stop on their own. That’s 82.5% of program participants that needed third party assistance to receive the government assistance they needed to pull their mortgage out of foreclosure.

“Consumer advocacy groups are now saying that the process for a modification andforeclosure help is so complicated for homeowners and the banks, lenders and servicers have made homeowners so wary of using third parties for help that more people than ever are facing losing their homes,” state 1st Foreclosure Prevention media representatives. “They are now urging people to use third parties to help them with the process.”

1st Foreclosure Prevention specializes in helping homeowners apply for and receive government assistance, as well as providing top foreclosure prevention services for anyone who doesn’t qualify for the program.

“We are your one stop shop for all your foreclosure help needs,” say 1st Foreclosure Prevention executives.” Unlike some foreclosure prevention companies that are only interested in obtaining a fee or getting a sale, we realize the impact that [stopping foreclosure] can have on your situation.”

For over a decade 1st Foreclosure Prevention has been helping residential and commercial real estate owners stop foreclosure. The company operates in all fifty states, providing a free, personalized foreclosure evaluation done by their team of attorneys, certified loss mitigation specialists, expert negotiators and real estate professionals who specialize in short sales, loan modification and stopping foreclosure in its tracks. 1st Foreclosure Prevention gives homeowners all their options, not just the one that’s going to cost them the most.

“Our mission at 1st Foreclosure Prevention is to stop foreclosure and the devastating impact that foreclosure can have on you. We are dedicated to working with both you and your lender to come up with a solution to stop foreclosure to satisfy the interests of both parties,” state 1st Foreclosure Prevention representatives.

For more information and a free evaluation on Hope for Homeowners, Loan Modifications, Making Home Affordable and stopping foreclosure with 1st Foreclosure Prevention, or call (866) 477-7050.

How to Protect Your Credit During a Divorce

How to Protect Your Credit During a Divorce

– By taking a proactive approach and creating a specific plan to maintain one’s credit status, anyone can ensure that “starting over” doesn’t have to mean rebuilding credit. –

ANN ARBOR, MI, August 30, 2009 — When a marriage ends in divorce, the lives of those involved are changed forever. During this time of upheaval, one thing that shouldn’t have to change is the credit status you’ve worked so hard to achieve.

Unfortunately, for many, the experience is the exact opposite. Unfulfilled promises to pay bills, the maxing out of credit cards, and a total breakdown in communication frequently lead to the annihilation of at least one spouse’s credit. Depending upon how finances are structured, it can sometimes have a negative impact on both parties.

The good news is it doesn’t have to be this way. By taking a proactive approach and creating a specific plan to maintain one’s credit status, anyone can ensure that “starting over” doesn’t have to mean rebuilding credit.

The first step for anyone going through a divorce is to obtain copies of your credit report from the 3 major agencies: Equifax, Experian, and TransUnion. It’s impossible to formulate a plan without having a complete understanding of the situation. (Once a year, you may obtain a free credit report by visiting

Once you’ve gathered the facts, you can begin to address what’s most important. Create a spreadsheet, and list all of the accounts that are currently open. For each entry, fill in columns with the following information: creditor name, contact number, the account number, type of account (e.g. credit card, car loan, etc.), account status (e.g. current, past due), account balance, minimum monthly payment amount, and who is vested in the account (joint/individual/authorized signer).

Now that you have this information at your fingertips, it’s time to make a plan.

There are two types of credit accounts, and each is handled differently during a divorce. The first type is a secured account, meaning it’s attached to an asset. The most common secured accounts are car loans and home mortgages. The second type is an unsecured account. These accounts are typically credit cards and charge cards, and they have no assets attached.

When it comes to a secured account, your best option is to sell the asset. This way the loan is paid off and your name is no longer attached. The next best option is to refinance the loan. In other words, one spouse buys out the other. This only works, however, if the purchasing spouse can qualify for a loan by themselves and can assume payments on their own. Your last option is to keep your name on the loan. This is the most risky option because if you’re not the one making the payment, your credit is truly vulnerable. If you decide to keep your name on the loan, make sure your name is also kept on the title. The worst case scenario is being stuck paying for something that you do not legally own.

In the case of a mortgage, enlisting the aid of a qualified mortgage professional is extremely important. This individual will review your existing home loan along with the equity you’ve built up and help you to determine the best course of action.

When it comes to unsecured accounts, you will need to act quickly. It’s important to know which spouse (if not both) is vested. If you are merely a signer on the account, have your name removed immediately. If you are the vested party and your spouse is a signer, have their name removed. Any joint accounts (both parties vested) that do not carry a balance should be closed immediately.

If there are jointly vested accounts which carry a balance, your best option is to have them frozen. This will ensure that no future charges can be made to the accounts. When an account is frozen, however, it is frozen for both parties. If you do not have any credit cards in your name, it is recommended you obtain one before freezing all of your jointly vested accounts. By having a card in your own name, you now have the option of transferring any joint balances into your account, guaranteeing they’ll get paid.

Ensuring payment on a debt which carries your name is paramount when it comes to preserving credit. Keep in mind that one 30-day late payment can drop your credit score as much as 75 points. It is also important to know that a divorce decree does not override any agreement you have with a creditor. So, regardless of which spouse is ordered to pay by the judge, not doing so will affect the credit score of both parties. The message here is to not only eliminate all joint accounts, but to do it quickly.

Divorce is difficult for everyone involved. By taking these steps, you can ensure that your credit remains intact.

About Gold Star Financial
Gold Star Financial is a licensed mortgage brokerage firm licensed in 18 states with their corporate headquarters located in Ann Arbor MI. Gold Star has satellite offices in Livonia, Utica, Allen Park, Southfield, Iron Mountain, Grand Rapids, Clarkston and a second office in Ann Arbor. Gold Star also has offices in Denver Co., South Lake TX., and Clearwater FL. Sean Cragg is both a mortgage broker and trainer that is recognized locally and nationally as an expert in mortgages and Credit Restoration, having been quoted and sourced for stories in,,,,,,,. “Canton Observer” If you would like to obtain a free Consumer Credit Scoring Booklet, please contact Sean Cragg at 866-249-2145 or email at


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