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Copyright Mortgage Lender Report. All Rights Reserved. Absolute Consultant Group offers Short Sale and Loan Modification Services in Woodland Hills, California. Los Angeles, California. Beverly Hills, California. Negotiating short sales nationwide including: San Diego, California. Miami, Florida. Phoenix, Arizona. Las Vegas, Nevada. New York, New York. Santa Monica, California.. Thousand Oaks, California. Agoura Hills, California. Sherman Oaks, California. Studio City, California. Encino, California. Tarzana, California. Malibu, California. Beverly Hills, California. San Francisco, California. Reno, Nevada. Tampa, Florida. San Jose, California. Oxnard, California. Culver City, California. Seattle, Washington. Philadelphia. New Jersey. California | Las Vegas, Nevada - Reno, Nevada | Miami, Florida - Orlando, Florida | San Diego, California | San Francisco, California | New York | Agoura Hills, California | Arcadia | Artesia | Orange County| Azusa | Baldwin Park | Diamond Bar | Lancaster | Rolling Hills Estates | Downey | Lawndale | Rosemead | Long Beach | Los Angeles, California | El Segundo | San Fernando | Gardena | Lynwood | San Gabriel | Lynwood | San Marino | Glendale | Malibu | Glendora | Manhattan Beach | Santa Monica, California | Hawthorne | Beverly Hills, California | Monrovia | South Gate | Monterey Park | Hidden Hills | Huntington Park | Calabasas, California | Cerritos | Claremont | Inglewood | West Covina | Pomona | West Hollywood | Covina | Compton | Culver City | Redondo Beach | Dallas | Miami | Austin | Riverside | Ontario | Rancho Cucamonga | Moreno Valley | Chino | Diamond Bar | Yorba Linda | Perris | Hemet | Redlands | Banning | Norco | La Habra | Mira Loma | Palm Springs | Mission Viejo | Ontario | Fontana | Fresno | Modesto | Stockton | Seattle | Portland | Eugene | Sacramento | West Hills | Chatsworth | Simi Valley | Thousand Oaks | Detriot | Phoenix, Arizona | Glendale | Tucson | Brentwood / Bel Aire | Studio City | Burbank | San Fernando Valley | Reno | Oakland | Santa Barbara New York, NY | Buffalo, New York | Rochester, NY | Yonkers, New York | Syracuse, New York | Manhattan Short Sale Specialist | Manhattan, NY | Brooklyn, NY | Apartments and Condominiums | Bronx, NY | Staten Island, New York | Luxury Homes and High Rise Apartments

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These are a few of the cities that we operate in:

* Los Angeles, Long Beach, San Diego
* Fresno, Bakersfield, Riverside
* Gilroy, Santa Cruz, Los Gatos
* San Jose, Fremont, San Mateo
* Milpitas, Foster City, Redwood City
* Santa Clara, Sunnyvale, Livermore
* Mountain View, Daly City, San Ramon
* San Francisco, Marin, Cupertino
* Tracy, Stockton, Modesto, Lodi
* Elk Grove, Folsom, El Dorado Hills
* Oakland, Berkeley, Emeryville, Irvine
* Roseville, Granite Bay, Lincoln
* Richmond, Antioch, Merced, Hercules
* Hayward, Vallejo, Salinas, Yuba City
* Danville, Woodland, Dublin, Manteca
* Santa Ana, Redwood Shores, Galt
* Bay Area, Monte Sereno, Campbell
* Saratoga, Auburn, Napa, Alameda,
* Belmont, Benicia, Beverly Hills
* Brentwood, Burlingame, Carmel
* Citrus Heights, Clovis, Concord
* Davis, Palo Alto, Eureka, Fair Oaks
* Fairfield, Foster City, Half Moon Bay
* Hillsborough, Hollister, Lathrop
* Los Banos, Malibu, Monterey
* Orange County, Palm Desert
* Palm Springs, Patterson, Placerville
* Pittsburg, Pleasanton, Stockton
* Rancho Cordova, Richmond
* Salinas, Santa Barbara, Sonoma
* South Lake Tahoe, Union City
* Walnut Creek, Watsonville, Visalia

We are experienced in:

* Repayment Plan
* Forbearance Lender Arrangement
* Loan Restructuring
* Short Refinance
* Short Sale/Equity Sale
o Short Refinance
o Sale of property
* Foreclosure postponement
* Disaster Relief (Hurricane and Property Claim Insurance Procedures)
* Sale Procedures
* Recast
* Partial Release
* Partial Claim (FHA)
* Attributed to servicing all types of loans: A-Paper, ALT-A/SUB-PRIME, HELOC Equity/Construction,VA/VA Vendee, Goverment Loans, IMPAC, ETC.
* Escalation Processes (Workout Procedures)
* And more...

WE OPERATE IN ALL FIFTY STATES:

Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, West Virginia, Washinton, Wisconsin, Wyoming

IndyMac (OneWestBank): Non-permanent income must be verified for 3 years

October 15, 2009
By

IndyMac Mortgage Services, a division of One West Bank FSB, has a policy that has to with all forms of income the could be considered either less than stable or not completely permanent. In order to count for a type of income for a loan modification this income must be accountable into the future. If someone is currently receiving court awarded settlement payments their income can only be accounted for if they are to receive those funds for the next 3 years. Same could be considered for child support.

The lenders do not have to right to have a homeowner include income such as child support but if the homeowner so chooses to include it they would need to try to provide proof that they would be getting it for at least the next 3 years in order for it to count. This could in turn cause many to be disqualified from loan modifications as they would show that they can not afford this type of payment arrangement. We see that for our clients it takes a good bit of creativity and loss mitigation, as being an art, has many different solutions at times for the same problem. The issue is we all want to have our clients have the best results.

Loss Mitigation Advocates @ Absolute Consultant Group

MLReport.com started in the Loss Mitigation industry in early 2000's. We worked for the one of the largest loan servicers in the US in their loss mitigation/foreclosure department. Speaking with approximately a work flow of several thousand cases a month and several years of experience they created an organization dedicated to helping homeowners. Our Goal here is to increase the accuracy and awareness of loss mitigation information found on the internet while creating a forum for homeowners and professionals alike to find the information on up to date mortgage servicer/lender guidelines. — MLReport Management Have a question? Call us 888-934-3444

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