Loan Deals: News

According to Reuters, Bank Of American is going to court on a case it tried to , but unsuccessfully get dismissed. The lawsuit, brought by homeowners who qualified under the government sponsored HAMP (Home Affordable Modification Program), seeks damages against the bank for not modifying what should have been a clear-cut modification of qualifying home owners.

46 homeowners have filed suit in 19 states. The case seeks class-action status.

Loan Modification

When you are choosing hardwood floors for your home, you have to be very careful. You have to make sure that the flooring is perfect for the weather, the humidity, and different locations inside your home. Here are a few tips to help you out.

Classic flooring- Wood flooring has been around for several years now. But the flooring that is now used in modern homes is completely different. You will be able to find resourced flooring from different locations like scrap heaps and lumber yards. Recycled versions of woods are also available that you can use like wood vats, whiskey barrels, signage, and even used bamboo trees. But this will cost you much more and you will have to refinish the flooring to ensure that it fits into the surroundings of your home. Classic flooring is also fraught with other problems like pests and colors.  Another frequent problem is quantity as you might not be able to get adequate amounts of the flooring. Treat all the classic flooring that you use for hardwood floorings with anti-pest treatments to ensure that it lasts.  As a far better alternative, you should choose pre-made flooring like engineered flooring; completely hardwood flooring and even laminated versions of hardwood flooring that will last longer.

Allergies- wall to wall carpeting is one of the reasons why people land up colds and allergies. But with hardwood floors you will not have to worry about all that. Well made hardwood floors will last for a long time and fit perfectly with no seams. This will ensure that no dirt gets stuck under the seams leading to allergies.  You will also find the flooring far easier to clean as compared to carpeting.  You won’t need to use chemicals to clean the hardwood floors as all you need to plain water and soap. A few hardwood floors will not require even water for cleaning

Softer than tile- Most hardwood floors are extremely durable and long lasting. Installing the flooring is very easy as you will require a foam backing under the flooring to keep it stable and in place. This ensures that the flooring smooth and easier to walk on. Hardwood floors also are warmer as compared to tiles in winter and they are much more pleasant to walk on.  You can choose to use rugs on the flooring to make it look better but it looks just as good without rugs. As a rule of thumb, wood is far springier than tile or ceramics and much more comfortable to walk on

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Over the last few months I have received the same question a few hundred times in email that I’d like to answer here once and for all. The question is regarding Loan Modification in California, and weather its still legal for companies to charge for it.

As you may or may not know, the term “lawyer” when it comes to loan modification over the past few years, in California at least, was a sure fire way to get scammed. Fact remains is lawyers that had no experience in court finally had a way to make money without having any real experience. Charge for a service they can’t guarantee. How great is that.

For the lawyers, it was very good.

Don’t get me wrong. I know many law firms that in fact tried to help (and have successfully helped most if not all of their clients), but I know a lot more that were designed to run a loan modification scam from day 1.

Because of the loan modification scams things have changed a bit.

Its now, and has been, illegal to charge up front for a loan modification – especially from an attorney.
If somebody has charged you up-front, even with words like “trust account”, make sure to report them to the DRE and/or California state bar  ASAP!

Loan Modification

Max Windsor is a very famous flooring brand that you can use to renovate your home. This company of hardwood flooring makes a huge range of wonderfully colored, tinted, and styles of hardwood flooring that is reasonably priced too. Here are a few points you should know when you buy Max Windsor hardwood floors for your Orange County home

Free samples- It’s very difficult to get an idea of the exact color of the hardwood flooring when you are buying online. But the site Max Windsor offers free samples that are really ideal for color matching. Take a look at the site and check out their free sample section. They currently have over thirty different samples listed at the site. You can choose up to three different samples and then fill in your details and the company will send you the free samples. Max Windsor does not charge you shipping but additional samples will be charged $5.

Limited warranty- Very few hardwood flooring companies will offer a warranty on their products. But Max Windsor offers a limited warranty on their products. That means you are assured of the quality of the product that you order. If you use the underlying adhesive from Max Windsor, the company will also guarantee that the hardwood floor will remain flat and normal. The company also offers a whopping 25-Year Limited Finish Warranty on their Bona UV Aluminum Oxide surface finish of select flooring.

Certified back up materials- The flooring from Max Windsor is authentic and from the best kind of wood to make the tightest seams for your home floor. The company also offers distressed laminates, hand scraped tiles and flooring, and even moldings that you can combine to create the ideal look for your home. They also have under layments that are used to ensure the best fit of the hardwood flooring. To ensure that the flooring is protected, you will be able to get sealants and cleaners specially made for your variety of flooring.

Max Windsor has a complete selection of everything that can be used to set a hardwood floor in your home. When you are ordering products for your Orange County home, ensure that your contractor gets the entire set from the company to get the best results. Ensure that you find the best woods from the collection by contacting local dealers who can give you an estimate and accurate advice.

Loan Modification flooring, hardwood flooring, max windsor

If you have a house in Orange County, try using the Provenza Floors for your bedroom interiors. Here are a few ideas by which you can spiffy up your bedroom interiors with the right hardwood flooring from Provenza Floors.

Types of wood flooring- Provenza Flooring offers hardwood floors that are both solid as well as engineered. Solid flooring is made up completely of wood with no backing. These floors are the best but they do tend to warp if you don’t take care of them. Engineered flooring on the other hand is composed of strips of hardwood that is stuck to a backing. This backing makes the flooring stronger and much more resistant to warping. You can choose any stained hardwood variety but most bedrooms can also use special humidity resistant hardwood floors that are treated to last for a longer period of time.

Finishing- Most hardwood floors are made at the factory and finished and polished at the factory itself. But a few companies will also offer you an option of completing the tinting at your project or at your home. This ensures that the flooring will exactly match your interiors. It will however take longer to dry and it will generate a little dust. You can opt for refinished floors that are already tinted, sealed and polished. All you have to do is create the backing and the underlying support and install the prepared tiles.

Wood varieties- There are over 22 different varieties of wood hardwood flooring that is offered on the internet and at Provenza floors. The most popular options are Red Oak, White Oak, Maple, Pine, and Hickory. Oak seems to match every interior but it can be really expensive. If you can’t afford oak, you can opt for Brazilian Cherry, Australian Cypress, Padauk, Teak, Wenge, Jarrah and Merbau. Ensure that you take a look at the samples before you choose a wood. The grain of the wood and the depth of the color chosen should accentuate your interiors completely. If possible, ask for a foot long sample to find out exactly how it will look.

Installing hardwood floors can be a huge onetime investment in your home. Ensure that you buy the best and take care of it well. You can then enjoy it for the rest of your life.

Loan Modification, Mortgage hardwood flooring, hardwood floors, provenza, provenza floors

You’ve finally got the flooring you wanted in your Orange County Hardwood house. But now you’re worried about how the flooring is going to last in the long run? You’ve already spent a lot of money putting in the underlying support and buying the hardwood tiles and paying the contractor. But just how long is the Orange County hardwood flooring of your house going to last? Let’s find out

Maintenance and use
The variety of Orange County hardwood flooring you have will determine how long it will last. Most traditional hardwood floors require extensive maintenance and care along with regular polishing and rewaxing. But a few manufacturers now make the flooring with a special sealant coating. This ensures that it will be far more resistant to humidity and moisture. A few brands have special kinds of hardwood flooring that can also be used in bathrooms and which can resist the moisture over several years.

Homecare
As a Orange County hardwood floor owner, you have to take a few steps to preserve the flooring. You can start by making sure that all the furniture and fixtures have legs have rubber coated feet to prevent any scratches on the flooring. Use a soft bristled broom on the hardwood flooring to clean it. If you have a sweep, use it to remove the overlying dust and then clean it with the soft bristled brush. Use water that is free of detergent to wipe down the floor.  You can add vinegar to the water to get a better cleaning effect. Vinegar can kill any lingering debris, fungi and even bacteria on the floor. To get a sweeter scent, add lemon oil or lemon juice to the water and it will add to the vinegar effect while giving it a fresher scent. You can mop your floor quite regularly or atleast once a week to get the best effects. Most manufacturers also recommend adding special hardwood cleaners to the water to get the shine back into them.  You can also use scrub brushes that will remove spot stains. Scrub lightly in a circular motion and the stains will come out quite quickly due to the sealant coating on the flooring. Do not water remain in contact with your Orange County hardwood coating for extended periods of time or it the wood will warp.

 With a little care and precautions, you can easily maintain your orange County hardwood flooring for several years. If you feel that the luster has decreased, you can ask a company to repolish and wax the flooring once a year. It will just ensure that the Orange County hardwood flooring lasts longer.

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So there isn’t much regarding the Hardwood Floor Industry, an industry that is actually quite big. With companies like Provenza Flooring, Max Windsor, Anderson, Armstrong Floors, Bruce Flooring, Mannington and Mirage Floors just to name a few.

Our partner site, the Flooring News Network found at www.thefloorsite.com has decided to take on the task.  Weather its about Laminate Floors, Hardwood, Cork Flooring, Bamboo Flooring, or Carpet, you might want to check them out for flooring industry news stuff.

Did you know that Anderson Floors added a Laminate Flooring section?

For the first time in company history, Anderson Hardwood Floors is launching a laminate flooring line. The three collections (Essentials, Artisan and Brilliance) are made in the U.S. and feature a coreboard engineered to be strong, stable and moisture resistant. Additionally, the products feature a patented locking system on all four sides without the use of adhesive.

anyways, like i said. Check them out!

Loan Modification, Mortgage, Scams, Uncategorized, video

Fox Business  and some other random sites have a great article that has tips for surviving the Loan Modification Process. The article lists five key points which we won’t argue with but have decided to add some of our own.

1)      Your bank most probably does not own your deed, and as such they can’t make a decision for you. That’s right, banks sell notes on the secondary market to investors and the investors make any decisions regarding loan modifications. Think of the bank as a service to the investor. They get paid to be the middle man between you and them. They send you bills, collect payment, play interference and customer service. But they don’t make any big decisions.  Knowing this simple fact will help you to understand that the process from start to finish is a very very long time.

2)      There is no negotiation. That’s right; there is no going back and forth about your rate. You might hear stories but they are all made up. If you are approved, that’s the modification terms. There is no going back and forth.

3)      It is illegal to charge for a loan modification in the stage of California. That’s right, sort of. It is illegal for anybody, especially lawyers, to charge up front for a loan modification. They can only charge AFTER THE LOAN MODIFICATION IS COMPLETED. That’s right folks. If you paid out of pocket for a loan modification, you got screwed (but hopefully you still got a loan mod!)

4)      Get your paperwork in order, get your numbers right, and submit after checking and double checking. However, even after, if you find out you were denied and realize its because you submitted paperwork that wasn’t 100% accurate, you are allowed to submit again.

5)      Expect to be on the phone for hours at a time, on hold. Well, ok maybe its not that bad… but still, speakerphone might help so you can go along with your life while waiting to be ignored.

Now back to the original article? you can read it here: http://www.foxbusiness.com/personal-finance/2010/11/11/tips-surviving-loan-modification-process/

Loan Modification