Source: http://www.delmarvahomerelief.com/tag/ftc-mars-rule/
Timestamp: 2014-03-07 20:22:28
Document Index: 689479661

Matched Legal Cases: ['§ 7', '§ 1681', '§ 14', '§ 1681', '§ 14', '§ 1681', '§ 14']

FTC MARS Rule | Delmarva Home Relief
Strategic Foreclosure Consulting & Planning
Deed-in-Lieu of Foreclosure Assistance Program
Services Offered to Real Estate Professionals
Lien & Deficiency Settlements
Forensic Mortgage Auditing Assistance Program
Credit Repair Assistance Programs
Professional Relationships for Legal Services
Tag Archives: FTC MARS Rule
Mortgage Assistance Relief Services Forms
Michael A. Nolen, President / CEOJanuary 16, 2014	Mortgage Assistance Relief Services Forms | The following notice is sent to lenders [or servicer] that Delmarva Home Relief is negotiating on behalf of the seller. NOTICE TO LENDERS/SERVICERS Prior to July 1, 2013: The Maryland Commissioner of Financial Regulation (the “Commissioner”) requires that any person negotiating a Short Sale with a lender be licensed as a Credit Services Business under the Maryland Credit Services Business Act (“MCSBA”) at Annotated Code of Maryland, Commercial Law … Continue reading →
Posted in Foreclosure Topics, FTC MARS Rule, Legislation, Maryland Short Sale Assistance Program, MD MARS Act, News, Short Sale in Maryland	| Tagged Accident, Annapolis, Baltimore, Barclay, Barnesville, Barton, Bel Air, Berlin, Berwyn Heights, Betterton, Bladensburg, Boonsboro, Bowie, Brentwood, Brookeville, Brookview, Brunswick, Burkittsville, but not limited to, Cambridge, Capitol Heights, Cecilton, Centreville, Charlestown, Chesapeake Beach, Chesapeake City, Chestertown, Cheverly, Chevy Chase, Chevy Chase View, Chevy Chase Village, Church Creek, Church Hill, Clear Spring, College Park, Colmar Manor, Consumer Financial Protection Bureau, Cottage City, Crisfield, Cumberland, Deer Park, Delmar, Denton, District Heights, Eagle Harbor, East New Market, Easton, Edmonston, Eldorado, Elkton, Emmitsburg, Fairmount Heights, Federalsburg, Forest Heights, Frederick, Friendsville, Frostburg, Fruitland, FTC MARS Rule, Funkstown, Gaithersburg, Galena, Galestown, Garrett Park, Glen Echo, Glenarden, Goldsboro, Grantsville, Greenbelt, Greensboro, Hagerstown, Hampstead, Hancock, Havre de Grace, Hebron, Henderson, Highland Beach, Hillsboro, Hurlock, Hyattsville, Indian Head, Keedysville, Kensington, Kitzmiller, La Plata, Landover Hills, Laurel, Laytonsville, Leonardtown, Loch Lynn Heights, Lonaconing, Luke, Manchester, Mardela Springs, Martin's Additions, Marydel, Maryland Short Sales - Maryland Loan Modifications - Maryland Deed in Lieu of Foreclosures - Maryland Foreclosure Mediation - Mortgage Assistance - Mortgage Relief Services offered at Delmarva Home Re, Middletown, Midland, Millington, Morningside, Mortgage Assistance Relief Services Forms, Mount Airy, Mount Rainier, Mountain Lake Park, Myersville, New Carrollton, New Market, New Windsor, North Beach, North Brentwood, North Chevy Chase, North East, Oakland, Ocean City, Oxford, Perryville, Pittsville, Pocomoke City, Poolesville, Port Deposit, Port Tobacco, Preston, Princess Anne, Queen Anne, Queenstown, Regulation O, Ridgely, Rising Sun, Riverdale Park, Rock Hall, Rockville, Rosemont, Salisbury, Seat Pleasant, Secretary, Sharpsburg, Sharptown, Short Sale Negotiation, Smithsburg, Snow Hill, Somerset, St. Michaels, Sudlersville, Sykesville, Takoma Park, Taneytown, Templeville, the following areas in Maryland -Aberdeen, Thurmont, Trappe, Union Bridge, University Park, Upper Marlboro, Vienna, Walkersville, Washington Grove, Westernport, Westminster, Willards, Williamsport, Woodsboro	MARS Disclosures Maryland
Michael A. Nolen, President / CEOJanuary 16, 2014	MARS Disclosures Maryland MARS Disclosures Maryland | Effective July 1, 2013, an person negotiating a Short Sale with a lender must comply with the Maryland Mortgage Assistance Relief Services Act (Maryland MARS Act, at Annotated Code of Maryland, Real Property Article, § 7-501 et seq.), which incorporates by reference the Federal Mortgage Assistance Relief Services Rule, originally promulgated by the Federal Trade Commission and issues as an interim final rule, known as Regulation O, by … Continue reading →
Posted in FTC MARS Rule, Loan Modification in Maryland, Maryland Deed in Lieu of Foreclosure Assistance Program, Maryland Legislation, Maryland Loan Modification Assistance Program, Maryland Short Sale Assistance Program, MD Advisory, MD MARS Act, News, Short Sale in Maryland	| Tagged FTC MARS Rule, MARS Disclosures Maryland, MD MARS Act, MD MARS Provider, Mortgage Assistance Relief Service Rule	FORECLOSURE ASSISTANCE | Delmarva Home Relief | Home Loan Modification Program created to help Maryland Homeowners
Michael A. Nolen, President / CEOAugust 26, 2013	Delmarva Home Relief | Home Loan Modification Program created to help Maryland Homeowners Our Mission – Delmarva Home Relief, LLC (“DHR”) is committed to providing homeowners with opportunities for a second chance throughout Maryland and the Eastern Shore of Delmarva. Our Home Loan Modification program is designed to help strategically plan a request for assistance through a homeowner’s current lender by comparing their current Mortgage-to-Income Ratio (MTI) and their Debt-to-Income Ratio (DTI) with the current … Continue reading →
Posted in Foreclosure Assistance in Maryland, Foreclosure Topics, FTC MARS Rule, Loan Modification in Maryland, MD Benefit Corporation, MD MARS Act, News, Short Sale in Maryland	| Tagged Anne Arundel County, Baltimore City, Baltimore County, Bank of America Short Sales Loan Modifications, Calvert County, Caroline County, Carroll County, Cecil County, Charles County, Commissioner of Financial Regulation, Foreclosure Assistance, FTC MARS Rule, Loan Modification, Maryland Mortgage Assistance Relief Service Provider, MD MARS Act, Mortgage Assistance, Regulation O	FORECLOSURE ASSISTANCE | Non-Retention Options | How Delmarva Home Relief can help customers with a Short Sale as a Foreclosure Alternative
Michael A. Nolen, President / CEOAugust 24, 2013	Our Mission – Delmarva Home Relief, LLC (“DHR”) is committed to providing homeowners with opportunities for a second chance throughout Maryland and the Eastern Shore of Delmarva. As a Mortgage Assistance Relief Service (MARS) Provider and Maryland Credit Services Business we are subject to both Federal and State regulation that is designed to ensure integrity and protect the public interest. As licensees of the Maryland Office of the Commissioner of Financial Regulation, we provide Loss … Continue reading →
Posted in Foreclosure Assistance in Maryland, Foreclosure Topics, Loan Modification in Maryland, MD Benefit Corporation, MD MARS Act, News, Short Sale in Maryland	| Tagged Bank of America Short Sales Loan Modifications, Bankruptcy Assistance in Maryland, FTC MARS Rule, Maryland Foreclosure Assistance, MD MARS Act, Mortgage Assistance Relief Services, Short Sale Assistance in Maryland, Short Sale in Maryland, Wells Fargo Short Sales Loan Modifications	PRESS RELEASE – Delmarva Home Relief, LLC | Maryland Benefit Corporation Update | Real Estate Brokerages and NPO’s will be included in DHR’s Benefit Report sharing their organizations Foreclosure Relief Support and Efforts
Michael A. Nolen, President / CEOAugust 23, 2013	PRESS RELEASE – August 23, 2013 By: Michael A. Nolen, Delmarva Home Relief Delmarva Home Relief, LLC | Maryland Benefit Corporation Update | Real Estate Brokerages and NPO’s will be included in DHR’s Benefit Report sharing their organizations Foreclosure Relief Support and Efforts Salisbury, MD | Delmarva Home Relief currently operating as a Maryland Limited Liability Company in Salisbury, Maryland will soon become a Maryland Benefit Corporation continuing to provide Mortgage Assistance Relief Services (MARS) … Continue reading →
Posted in Foreclosure Assistance in Maryland, Foreclosure Topics, Loan Modification in Maryland, MD Benefit Corporation, News, Short Sale in Maryland	| Tagged Community Support, Delmarva Home Relief, FTC MARS Rule, Lower-Fee Structured Companies, Maryland Foreclosure Relief Services, Maryland Mortgage Assistance Relief Service Provider, MD Benefit Corporation, MD MARS Act, Mission Related Programs, Mortgage Assistance, Non-Profit Organizations, Real Estate Brokerage, Social Enterprises	A Short Sale vs. A Deed-in-Lieu of Foreclosure | A Credit Reporting Controversy
Michael A. Nolen, President / CEOAugust 19, 2013	Salisbury, MD | Delmarva Home Relief, LLC, a Mortgage Assistance Relief Services (MARS) Provider and Foreclosure-Consulting Agency, is experienced in many aspects of the available foreclosure relief programs. There are many wise tails that have been publicized throughout the Internet and among industry professional providing information that may been true and some cases not true. This seems to be partially common in the area of Short Sales vs. Deed-in Lieu of Foreclosures. A topic that … Continue reading →
Posted in Foreclosure Assistance in Maryland, Foreclosure Topics, FTC MARS Rule, Loan Modification in Maryland, MD MARS Act, News, Short Sale in Maryland	| Tagged a Mortgage Assistance Relief Services (MARS) Provider, Allegany County, Anne Arundel County, Baltimore City, Baltimore County, Calvert County, Caroline County, Carroll County, Cecil County, Charles County, Deed, Dorchester County, Foreclosure Assistance in Maryland, Fredrick County, FTC MARS Rule, Garrett County, Harford County, Howard County, Kent County, Loan Modification, MD, MD MARS Act, Montgomery County, Price George’s County, Queen Anne’s County, Salisbury, Settled For Less Than The Full Amount, Short Sale, Somerset County, St. Mary’s County, Talbot County, Washington County, Wicomico County, Worcester County.	Foreclosure Crisis in Maryland | Repossessions Soar in Maryland states DelmarvaNow.com
Michael A. Nolen, President / CEOAugust 18, 2013	Delmarva Home Relief, LLC was contacted by the Daily Times of our input on the Foreclosure Crisis in Wicomico County Maryland. Below is the Article written by Jeremy Cox with the Daily Times. Source: DelmarvaNow.com | http://www.delmarvanow.com/apps/pbcs.dll/article?AID=2013308180023&nclick_check=1 Written by: Jeremy Cox He and his wife of 49 years, Carol, found themselves drowning in medical bills after his colon cancer diagnosis in 2010. In a normal housing market, they might have been able to recoup some of … Continue reading →
Posted in Foreclosure Assistance in Maryland, Foreclosure Topics, Loan Modification in Maryland, MD MARS Act, News, Short Sale in Maryland	| Tagged Daily times Article, Delmarva Home Relief, DelmarvaNow.com, Foreclosure Crisis in Maryland, Foreclosure Mediation in MD, FTC MARS Rule, LLC, Maryland Foreclosure Help, MD MARS Act, Prince George’s County Foreclosure Help, Wicomico County Foreclosure Help, Worcester County Foreclosure Help	A Community Benefit | Helping Our Communities Throughout Maryland So Homeowners Can Discover Options During Foreclosure
Michael A. Nolen, President / CEOAugust 11, 2013	A Community Benefit | Helping Our Communities Throughout Maryland So Homeowners Can Discover Options During Foreclosure More than ever, we need to stand together to provide a helpful hand to our communities throughout Maryland to stop the foreclosure crisis that began almost 6 years ago. As an introduction to our efforts to help Maryland stop foreclosure, Delmarva Home Relief, LLC would like to share a part of our community efforts by working with area businesses … Continue reading →
Posted in Foreclosure Assistance in Maryland, Foreclosure Topics, FTC MARS Rule, Loan Modification in Maryland, MD MARS Act, News, Short Sale in Maryland	| Tagged Allegany County, Anne Arundel County, Baltimore City, Baltimore County, Calvert County, Caroline County, Carroll County, Cecil County, Charles County, Dorchester County, Foreclosure Crisis, Foreclosure Relief in Maryland, Fredrick County, FTC MARS Rule, Garrett County, Harford County, Howard County, Kent County, MD MARS Act, Montgomery County, Price George’s County, Queen Anne’s County, Short Sale Assistance in Maryland, Somerset County, St. Mary’s County, Talbot County, Washington County, Wicomico County, Worcester County.	Mortgage Assistance Relief Service (MARS) Provider Guidance | A Guide to Help Avoid False Claims with “Material Aspects” as a MARS Provider
Michael A. Nolen, President / CEOAugust 9, 2013	Mortgage Assistance Relief Service (MARS) Provider Guidance | A Guide to Help Avoid False Claims with “Material Aspects” as a MARS Provider This information is for guidance purposes for Mortgage Assistance Relief Service (MARS) Providers. Please keep posted to Delmarva Home Relief, LLC’s “In The News” section of our Webpage to keep posted on changes updates, and guidance from DHR. You can visit the FTC’s Website and Learn More About the FTC MARS Rule by … Continue reading →
Posted in Foreclosure Assistance in Maryland, Foreclosure Topics, FTC MARS Rule, Legislation, Loan Modification in Maryland, MD MARS Act, News, Short Sale in Maryland	| Tagged a MARS Provider, FTC MARS Rule, Loan Modification Help in Maryland, Maryland, Maryland Mortgage Assistance Relief Service Provider, Material Aspects, MD MARS Act, Protection of Homeowners in Foreclosure Act, Regulation O, Short Sale Help in Maryland, Short Sales in Maryland	Foreclosure Crisis Continues in Maryland | A Beginning Look of the Problem
Michael A. Nolen, President / CEOAugust 6, 2013	Foreclosure Crisis Continues in Maryland | A Beginning Look of the Problem As the Foreclosure Crisis continues through the Untied States, some states, like Maryland are beginning to see an increase in delinquency and foreclosure activity. As we finish the 2nd quarter of 2013, we begin to review the statistics of Maryland’s first quarter of foreclosure related activity. Based on information from RealtyTrac, foreclosure activity has increase 46.6% from 2012. In Maryland, there have been … Continue reading →
Posted in Foreclosure Topics, FTC MARS Rule, Legislation, Loan Modification in Maryland, MD MARS Act, News, Short Sale in Maryland	| Tagged Allegany County, Anne Arundel County, Baltimore City, Baltimore County, Bank of America Short Sales Loan Modifications, Calvert County, Caroline County, Carroll County, Cecil County, Charles County, Chase Short Sales Loan Modifications, Dorchester County, Foreclosure Assistance, Foreclosure Crisis, Foreclosure Relief, Fredrick County, FTC MARS Rule, Garrett County, Harford County, Howard County, Kent County, Maryland Mortgage Assistance Relief Service Provider, Montgomery County, Price George’s County, Queen Anne’s County, RealtyTrac Info, Regulation O, Short Sales in Maryland, Somerset County, St. Mary’s County, Talbot County, Washington County, Wicomico County, Worcester County.	Post navigation
Copyright © 2014 Delmarva Home Relief. All Rights Reserved.Website by Vantage Point Solutions Group
NON-RETENTION DISCLOSURE
POTENTIAL INCOME TAX CONSEQUENCES - Forgiveness by the lender of any of the indebtedness secured by your home may have income implications. YOU ARE ENCOURAGED TO CONSULT A TAX PROFESSIONAL to determine whether there will be income tax consequences arising from the short sale transaction.
REMAINING DEFICIENCY/POST-SALE PROMISSORY NOTE – Short sales involve the sale of a property for less than the mortgage balance(s). While lenders always releases the lien on the property so that a clear title may be conveyed to the purchaser, in some cases lenders refuse to release homeowners from the deficiency created by a short sale transaction. This can take the form of the lender simply refusing to release the seller/homeowner from the existing deficiency, or the lender insisting that the seller execute a new promissory note evidencing a continued obligation arising from the deficiency. IF YOUR SHORT SALE LENDER DOES NOT RELEASE YOU FROM THE DEFICIENCY, OR REQUIRES YOU TO SIGN A NEW PROMISSORY NOTE AS A CONDITION OF CLOSING, YOU SHOULD CONSULT AN ATTORNEY TO DETERMINE IF A SHORT SALE IS IN YOUR BEST INTEREST AND TO CONSIDER ALTERNATIVES TO A SHORT SALE. POTENTIAL ADVERSE CREDIT REPORTING CONSEQUENCES – The credit of homeowners who sell their home through a short sale process will likely be adversely affected by the reporting of a short sale transaction. YOU ARE ENCOURAGED TO CONSULT AN ATTORNEY OR ACCOUNTANT to more fully understand the effect that a short sale will have on your credit, as well as the potential future ramifications of any such changes to your credit.
LOWER-INCOME FEE STRUCTURE
Delmarva Home Relief, LLC’s (“DHR”) lower-income fee structure is ONLY available for loss mitigation programs that are charged directly to the homeowner including, Loan Modifications, Deed-in-Lieu of Foreclosures, Foreclosure Mediations, and Lien Settlements. To promote consistency with federal and state policy, Delmarva Home Relief has adopted the housing assistance eligibility standards of the US Department of Housing and Urban Development (HUD). Delmarva Home Relief, LLC is not associated with the US Department of Housing and Urban Development (“HUD”) nor have we been endorsed by ("HUD").
Prospective customers will be reviewed for their eligibility based on developed guideline policies within Delmarva Home Relief, LLC. Each program that offers the Lower Income Fee Structure has different requirements. If a prospective customer meets all of the requirement for the lower income fee structure the prospective customer will be offered the program through Delmarva Home Relief, LLC.
As an example, if the income of a Wicomico County family of four amounted to $36,300 in 2012, they would be eligible for reduced fees for Delmarva Home Relief services since their income amounted to no more than 50% of either the area median income or the non-metro statewide median income. Fifty percent of the area ("Wicomico County") median income for a family of four was $36,300 in 2012 and 50% of the statewide non-metro median income for a family of four was $36,300 in that year.
FEDERAL AND STATE CREDITING REPORTING RIGHTS FOR CONSUMERS
You have the right to review any file on you maintained by any consumer reporting agency, and you have the right to receive a copy of a consumer report containing all information in that file as provided under the federal Fair Credit Reporting Act (15 U.S. C. § 1681g) and under MD. Code Ann., Com. Law § 14-1206.
A copy of the consumer report containing all information in your file will be furnished free of charge by the consumer reporting agency if requested by you within thirty (30) days of receiving a notice of a denial of credit as provided under the federal Fair Credit Reporting Act (15 U.S.C. § 1681j) and under Md. Code Ann., Com. Law § 14-1209.
You have the right to dispute the completeness or accuracy of any item in any file that is maintained on you by any consumer-reporting agency, as provided under the federal Fair Credit Reporting Act (15 U.S.C. § 1681i) and under Md. Code Ann., Com. Law § 14-1208. Accurately reported information may not be permanently removed from the file of a consumer-reporting agency. BANKRUPTCY SERVICES DISCLOSURE
Bankruptcy Services are to pre-review eligibility of bankruptcy for a consumer. Delmarva Home Relief, LLC does not assist customer in filing of Bankruptcy. Delmarva Home Relief, LLC has relationship with local and statewide attorneys to discuss the options available for Bankruptcy.
An attorney must determine bankruptcy eligibility. Customers have the right to choose their own attorney.
Maryland Short Sales - Maryland Loan Modifications - Maryland Deed in Lieu of Foreclosures - Maryland Foreclosure Mediation - Mortgage Assistance - Mortgage Relief Services offered at Delmarva Home Relief including, but not limited to, the following areas in Maryland -Aberdeen, Accident, Annapolis, Baltimore, Barclay, Barnesville, Barton, Bel Air, Berlin, Berwyn Heights, Betterton, Bladensburg, Boonsboro, Bowie, Brentwood, Brookeville, Brookview, Brunswick, Burkittsville, Cambridge, Capitol Heights, Cecilton, Centreville, Charlestown, Chesapeake Beach, Chesapeake City, Chestertown, Cheverly, Chevy Chase, Chevy Chase View, Chevy Chase Village, Church Creek, Church Hill, Clear Spring, College Park, Colmar Manor, Cottage City, Crisfield, Cumberland, Deer Park, Delmar, Denton, District Heights, Eagle Harbor, East New Market, Easton, Edmonston, Eldorado, Elkton, Emmitsburg, Fairmount Heights, Federalsburg, Forest Heights, Frederick, Friendsville, Frostburg, Fruitland, Funkstown, Gaithersburg, Galena, Galestown, Garrett Park, Glen Echo, Glenarden, Goldsboro, Grantsville, Greenbelt, Greensboro, Hagerstown, Hampstead, Hancock, Havre de Grace, Hebron, Henderson, Highland Beach, Hillsboro, Hurlock, Hyattsville, Indian Head, Keedysville, Kensington, Kitzmiller, La Plata, Landover Hills, Laurel, Laytonsville, Leonardtown, Loch Lynn Heights, Lonaconing, Luke, Manchester, Mardela Springs, Martin's Additions, Marydel, Middletown, Midland, Millington, Morningside, Mount Airy, Mount Rainier, Mountain Lake Park, Myersville, New Carrollton, New Market, New Windsor, North Beach, North Brentwood, North Chevy Chase, North East, Oakland, Ocean City, Oxford, Perryville, Pittsville, Pocomoke City, Poolesville, Port Deposit, Port Tobacco, Preston, Princess Anne, Queen Anne, Queenstown, Ridgely, Rising Sun, Riverdale Park, Rock Hall, Rockville, Rosemont, St. Michaels, Salisbury, Seat Pleasant, Secretary, Sharpsburg, Sharptown, Smithsburg, Snow Hill, Somerset, Sudlersville, Sykesville, Takoma Park, Taneytown, Templeville, Thurmont, Trappe, Union Bridge, University Park, Upper Marlboro, Vienna, Walkersville, Washington Grove, Westernport, Westminster, Willards, Williamsport, Woodsboro