NJW LAW, APC Resolves Over $100 Million of Distressed Residential Mortgage Debt in 2012

Newport Beach, CA (PRWEB) January 17, 2013

Many homeowners still face difficulty with their underwater mortgages despite recent home price appreciation. Often these homeowners are confused as to what solutions may work for their particular situation. Most are unsure if they will qualify for a loan modification, deed in lieu of a foreclosure, HARP 2.0, short sale, bankruptcy, or if they can (or should) file a lawsuit against the lender. In addition, homeowners are confused how the recent government settlements with the major loan servicers affects their rights. NJW LAW, APC has a proven track record of helping homeowners navigate through these difficult and stressful issues.

In 2012, NJW LAW resolved over $ 100 million in distressed residential mortgage debt. Whether through a short sale, modification, mortgage settlement, bankruptcy protection, or litigation, NJW LAW has achieved excellent results for their clients.

NJW LAW’s proven success is accomplished by using a team approach to handle each distressed residential mortgage case. By utilizing this unique approach, NJW LAW is prepared to seamlessly move a file through foreclosure prevention, negotiations, short sale, or bankruptcy. If litigation is necessary, NJW LAW is well equipped and has successfully litigated against several of the largest banks including Bank of America, Wells Fargo, Capital One, and others.

NJW LAW, APC is a boutique law firm that practices in the areas of Real Estate, Bankruptcy and Corporate Law. The firm attentively assists homeowners, Realtors, and investors with solutions for distressed residential real estate mortgage debt.

NJW LAW offers free consultations. If you would like more information you can contact NJW LAW, APC at (949) 273-0044

*Past results are not a guarantee of future success. Each case is different. This is for informational purposes only. Nothing contained herein should be construed as legal advice. We are authorized to practice law in the State of California. You must sign a dually executed retainer agreement with our office to retain our services.

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Terrace Capital, Inc. Secures $61MM in Non-Recourse Senior Debt Financing- Industrial Portfolio Midwest, US.

New York, NY (PRWEB) December 19, 2012

Barnett Capital LTD, located in Chicago, IL is a Family Office, founded by Joel Barnett, which provides high yield debt for owners of commercial & residential real estate and companies in need of financing for inventory and equipment. Mr. Barnett, for the past 30 years, has captained the firm that bears his name with the sole purpose of sourcing and managing investment opportunities for his family.

The proceeds of this $ 61MM, 75% LTV, CMBS loan were used by the borrower for the refinance of full recourse lines of credit that had been used to acquire, renovate and re-tenant 20 industrial properties, totaling 2MM square feet. The senior debt had a 10-year fixed term and a 25 year amortization schedule and required no personal guarantees. The non-recourse, permanent financing will allow Barnett Capital to expand its core lending business and continue providing capital to organizations and individuals, who are unable to obtain traditional bank financing.

According to a senior underwriter at Terrace Capital, Barnett had specific requirements which had to be met for certain business needs such as maximum leverage, the ability for partial releases of collateral and the flexibility to use letters of credit for reserves, instead of cash. Despite the challenges of working with single tenant buildings, multiple short term leases and several tertiary locations, Terrace was able to structure a max leverage CMBS deal which allowed for partial releases with acceleration rates as low at 105%, by cross collateralizing the assets and minimal use of letters of credit to mitigate lease rollover risk.

About Terrace Capital

Terrace Capital focuses on non-recourse loans and preferred equity of $ 5MM and greater on income-producing retail, office, industrial, multifamily, self-storage and hotel properties throughout the continental United States.

The Firm is a leader in providing permanent mortgages and equity for wide range of real estate transactions.

For more information about Terrace Capital and the services it provides, go to http://www.terracecapital.com.

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From Emmitt Smith to Shawn Johnson: Go Banking Rates Identifies Which Dancing with the Stars Contestants Have Fallen Into the Debt Trap

El Segundo, CA (PRWEB) October 15, 2012

Debt is a four-letter word that even Dancing with the Stars (DWTS) contestants are all too familiar with, but unlike average Americans, Go Banking Rates finds that DWTS celebrities have a chance to make thousands of dollars by shimmying across the dance floor to get out of debt.

With so many eyes tuning in each week to follow their favorite stars, its easy to assume that these celebs have got it made, both on stage and when it comes to their finances. But dont let those ballroom gowns and tailored suits fool you. Despite the payout that Dancing with the Stars contestants receive for participating on the show, some celebs trot along a rocky financial path.

Dancing with the Stars Salary

While some DWTS participants decide to donate their earning from the show to charity, most see it as an opportunity to score quick cash and hopefully reignite their careers. It was only recently that Dancing with the Stars salary figures were revealed.

According to season 11 participant Margaret Cho, she made about $ 200,000 on DWTS, despite being eliminated in the third round. Later in her interview with The View, she added, Dont feel sorry for anyone who gets voted off, thats what they made.

But that paycheck is just the tip of the iceberg. The income celebrities receive is based on how long they last on the show. Heres the Dancing with the Stars salary payout that celebrities receive:

???????? Base salary (includes pre-season training, and filming for episodes 1-2): Stars make a guaranteed $ 125,000.
???????? Episodes 3-4: Participants get an additional $ 10,000 per episode.
???????? Episodes 5-6: Celebs earn $ 20,000 each episode to continue training and filming.
???????? Episodes 7-8: DWTS pays an extra $ 30,000 per episode for contestants who make it to this point.
???????? Episodes 9-10: Dancing with the Stars contestants receive a $ 50,000 payout per episode.

The grand total of potential earnings, according to Gawker, for stars who make it to the final episode is $ 345,000 quite a decent salary for celebrities battling debt or simply looking for a way to supplement their income.

DWTS contestants, however, run into trouble when they make poor decisions about how they use the money.

DWTS Financial Flops

Instead of using their Dancing with the Stars salary to avoid financial trouble, some stars went the other direction. Clearly, the earnings these financially-strapped celebrities received on DWTS wasnt enough to steer them away from thousands of dollars of debt.

1. Pamela Anderson

Yet even after surviving six elimination rounds in season 10 of Dancing with the Stars (earning about $ 185,000), and returning for the first two episodes of this seasons DWTS All-Star Competition ($ 125,000), is still buried in debt.Pam isnt a stranger to financial taboo, especially when it comes to dodging taxes. DWTS could have been a simple solution to resolving her past due tax lien debt of $ 524,241, as reported by ABC News.

2. Chad Ochocinco Johnson

In 2010, Chad Ochocinco Johnson participated in DWTS, and made it to the final four. His dancing skills may have helped him land a Dancing with the Stars salary of over $ 240,000, but those earnings evidently never made it toward paying $ 400,000 Miami condo. Today, Johnson faces foreclosure due to over $ 28,000 in outstanding debt, according to Complex.

But it doesnt end there. It looks like Johnson may soon join the list of broke NFL players, as he also took out a private $ 150,000 loan which needs to be repaid in full by 2015.

Unlike other stars who were able to use their stint on Dancing with the Stars to book more work, however, accusations of domestic abuse and bad press have led to Johnson being dropped from the Miami Dolphins and losing a major endorsement deal.

3. William Levy

William Levys success story of coming in third place in DWTS 14th season which resulted in about $ 240,000 in his pocket didnt translate the same way when it came down to paying his bills at home. Levy ultimately lost his Miami home to foreclosure due to an unpaid $ 20,000 for the property, as publicized by a RumorFix exclusive. Levys home eventually sold for 50 percent of its value.

Despite these DWTS contestants who are on their way to celebrity bankruptcy, there are a couple of financially savvy stars that come out on top.

DWTS Contestants Who Found Their Fortune

Not everyone on Dancing with the Stars is a financial horror story waiting to happen. Some celebrities make smart decisions, and it just so happened these celebs took home the gold on all accounts.

1. Shawn Johnson

Shawn Johnson proved that she was not only a fierce Olympian, but also a talented dancer when she participated in season eight of Dancing with the Stars. She won the competition, and received the total earnings for reaching first place.

Despite this win and the million-dollar endorsements, Shawn Johnson has kept a level head when it comes to her finances. I have never celebrated money, she said. Unlike so many other celebrities who have gone broke thanks to frivolous spending, Shawn explains that her parents taught her to value other things in life over money.

Even clothes shopping, Id rather just go to the dollar store, then buy a lemonade and sit and hang out with my family and friends.

2. Emmitt Smith

After a fulfilling career in the NFL, Emmitt Smith didnt follow the gone-broke trend that many football players do. Instead, he transitioned into a real estate developer and DWTS contestant.

He partnered with Roger Staubach of Staubach Co. to create Smith/Cypress Partners LP, a real estate development company. Smith continued on his business venture by co-founding ESmith Legacy, which specializes in developing commercial real estate and investment management.

After winning season three of Dancing with the Stars, Emmitt Smith is back this season as an All-Star participant.

With only four eliminations out of the way and so many more stars vying for bragging rights and lets be honest, more money in this seasons competition, Emmitt and Shawn will have to put on their dancing shoes earn their Dancing with the Stars salary.

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About Go Banking Rates

GoBankingRates.com a national website dedicated to connecting readers with the best interest rates on financial services nationwide, as well as informative personal finance content, news and tools.

GoBankingRates.com is a division of ConsumerTrack, Inc., an 8-year leader in online lead generation, performance-based marketing, and customer acquisition in the financial, insurance and credit sectors. The companys portfolio of 1500 finance websites includes GoBankingRates.com, GoInsuranceRates.com, and GoFreeCredit.com. These sites receive more than 2 million visits each month.

For questions or comments, please contact:

Jaime Catmull, Director of Public Relations



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More How To Get A Commercial Real Estate Loan Press Releases

Home Not So Sweet: Foreclosure & debt push Americans to extremes

Home Not So Sweet: Foreclosure & debt push Americans to extremes

More than 2.5 million houses in the United States have been repossessed by banks since the economic crisis struck the country. But the impact isn’t only financial. Many forced out of their homes are taking drastic measures – with some even choosing to take their own lives when faced with eviction. RT’s Madina Kochenova reports. Subscribe to RT! www.youtube.com Watch RT LIVE on our website rt.com Like us on Facebook www.facebook.com Follow us on Twitter twitter.com Follow us on Google+ plus.google.com RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.

There are 478 homes in Spokane that are involved in the foreclosure process. While that’s lower than the national average, the condition former owners are leaving these homes is anything but average. KXLY4’s McKay Allen reports.
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Sold in Oregon Keller Williams Realty Reports Time is Running out for Home Owners to take Advantage of the Mortgage Debt Relief act of 2007

Portland, OR (PRWEB) June 28, 2012

In 2007, the Mortgage Debt Relief Act was passed in an attempt to help the millions of homeowners who, due to the housing crisis and economic crash, suddenly found themselves in danger of losing their home to foreclosure.

The act gave homeowners relief from the tax responsibility that accompanied forgiven debt or short sales. Often, these taxes would be more than most distressed homeowners could afford.

At the end of 2012, the act will expire and homeowners will miss this once-in-a-lifetime chance to save themselves tens of thousands of dollars while freeing themselves from an unmanageable mortgage.

The clock is ticking, but there is still time to change your financial situation and avoid foreclosure. As a Certified Distressed Property Expert (CDPE), I am uniquely qualified to guide you through your options and help you find the right one for your situation.

Take a look around at our site and read the free reports that are available. Write down any questions you have and then call me today for your free, confidential consultation.

Company Information: Sold in Oregon LLC, Keller Williams Portland Premiere Realty (503) 925-1100. E-mail: info(at)soldinoregon.com, Website: http://www.SoldinOregon.com, 17700 SW Upper Boones Ferry Rd. Suite 100 Portland, OR 97224