9 Year Old Non-Profit Partners with Consumer Advocacy Group to Assist Homeowners With Mortgage Mitigation and Credit Protection

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People are turning to our non-profit organization after the frustration of getting nowhere with their mortgage companies

Fort Lauderdale, FL (PRWEB) November 23, 2008

U.S. home foreclosures have now hit records levels never seen before as the housing crisis' choke hold on America continues.

In September of 2008, 265,968 more troubled homeowners received foreclosure filings such as default, auction, or bank repossession notices. In the third quarter of 2008 alone, 765,558 foreclosure filings were made on U.S. properties, up 3% from the second quarter and 71% from the same period last year.
Stephanie Pimental, Vice-President and Executive Director of Alpha 2000 Community Development, Inc, a 9 year old 501(c)3 Non-Profit group specializing in helping families stay in and keep their homes says, "People are turning to our non-profit organization after the frustration of getting nowhere with their mortgage companies".

"Due to the rapid and overwhelming increase in delinquencies, mortgage companies' ability to hire and train employees to deal with them, is not keeping pace", said Narayan Dindiyal, President of Alpha 2000 since its inception.

"Obviously, if you don't have the training and the resources to help clients whom, more times than not, are looking for help and are willing to work with their lenders, you are going to have poor customer tracking, ridiculously long wait times on the phone, and inconsistent service.

"We are not new to this", says Kevin Hagen of Hagen & Hagen, P.A., an attorney affiliated with both Alpha 2000 and (NACRA) The National Association for Credit Responsibility and Advocacy, "In fact, in almost 50 years of the firms practice, we were representing clients with Real Estate and consumer- related cases to now assisting mostly with loss mitigation, foreclosures, and bankruptcies."

"Loss Mitigation is the act of lessening the mortgage holder's risk of foreclosure. We can propose several different plans and strategies to the bank or lender to put the loan back in good standing", said Hagen. Pimental also stated that banks and lenders stand to lose many thousands of dollars so it's much more equitable if a "meeting of the minds" can occur in order to come to an agreement on repayment in which both the homeowner and lender win.

Here's how the program works; no matter if you are 30, 60, 90, or 120 days late, or even already in foreclosure, homeowners will be assigned a loss mitigation specialist who will take them through a free consultation with a real estate professional.

Through a thorough investigation and fact finding session, the consultant will be able to determine the best course of action for the homeowner. This information will be passed along to the rest of the mortgage mitigation team to assist in the process of achieving the homeowner's goal.

Next, a file examiner is assigned to review the real estate transaction, loan documents and contracts in order to determine if there were flaws, inaccuracies, and/or outright mistakes made by the lender or broker. Next, a forbearance and modification processor will use the information gathered to leverage it to the homeowner's benefit and then renegotiate or modify the terms of their existing bank loan so the homeowner can keep their home under financial terms and conditions they can live with today.

"Simply put, our goal is to keep as many consumers in their homes and communities as possible or to get them out with as little damage to their credit and financial situation by utilizing our access of nationwide professionals and attorneys", said Dindiyal.

These adverse economic conditions have led Luis O. Rodriguez, Founder of the National Association for Credit Responsibility and Advocacy (NACRA), to offer NACRA memberships as part of the membership into Alpha 2000. As part of NACRA's "Credit and Financial - Direction and Protection" plan, Alpha 2000 members will have access to Credit Audit and Verification, Financial Helpline, Free Financial money management provided by Mint.com, and many more benefits and services.

Rodriguez of NACRA said, "Besides the current foreclosure situation gripping not just the state of Florida, but the country as a whole Bankruptcies are skyrocketing as well". The U.S. Bankruptcy Court for the Southern District in Florida reported that there were almost 2000 filings for October 2008, up 61% from the same time last year, not to mention they were up 30% nationwide during the first six months of 2008 according to the American Bankruptcy Institute.

Also, since Alpha 2000 is a 501 (c)3 Non-Profit Corporation, a portion of their proceeds are donated right back into whichever community they are helping, funding a variety of local non-profit organizations, thus helping other families in need. In the end, this process will save the homeowner tens of thousands of dollars and more importantly, save their most treasured asset: their home.

FOR FURTHER INFORMATION
Stephanie Pimental

ALPHA 2000 COMMUNITY DEVELOPMENT, INC
Telephone: 954-962-1409

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