Tag Archives: Florida

Structured Settlement Sale Prevents Home Foreclosure in Florida, According to J.G. Wentworth

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BRYN MAWR, Pa. (PRWEB) September 24, 2008

Commenting on the increase, Randy Parker director of quality assurance for J.G. Wentworth, noted that among the higher volume of transactions are a larger number of cases where the seller is trying to overcome some form of financial distress which was not contemplated at the time they settled their lawsuit including the possible loss of their home through foreclosure.

According to Mr. Parker, “Our client Janine D. living in Sarasota offers a typical example of some of the financial distress we are now seeing. Sudden and persistent illness undermined Janine’s ability to maintain her income. She had few other assets other than her settlement payments, but these were inadequate for the circumstances she found herself in.”

Janine D. said, “I have been unable to work due to an illness for the past 21 months and the bills were piling up. I had nowhere to turn to and could not find a job due to the constant in-and-out hospital visits.”

Through J.G. Wentworth, Janine D. was able to sell a portion of her regular monthly payments for 4 years in exchange for $ 16,000 in cash.

“J.G. Wentworth was fantastic about getting me money from my annuity to bring me out of the financial hole and keep our home from being taken away,” she said. “You helped keep the roof over my child’s head. I am forever grateful. Thank you.”

Parker noted that not all clients are facing some form of financial distress. “Many clients simply find it more convenient to get all of their money at one time, rather than waiting several years.”

About the J.G. Wentworth family of companies

J.G. Wentworth, Inc., based in Bryn Mawr, PA, is the nation’s oldest, largest and most respected buyer of deferred payments for illiquid financial assets like structured settlements, annuities and, through dedicated subsidiaries, life insurance policies. Since 1992, J.G. Wentworth has purchased over $ 3 billion of future payment obligations from consumers and is also the nation’s largest securitizer of structured settlement and annuity backed notes. The company’s notes are rated AAA by Standard & Poor’s Corporation.

For more information about J.G. Wentworth, go to http://www.jgwentworth.com.







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Chinese Drywall Complaint Center Declares War On Banks Dumping Florida & Gulf State Toxic Chinese Drywall Foreclosures On Wall Street–Time’s Up

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(Vocus/PRWEB) February 17, 2011

The Chinese Drywall Complaint Center is now formally accusing major US banks and major federal mortgage entities of reselling their toxic Chinese drywall foreclosures to unsuspecting new home buyers, and then securitizing the mortgage and selling it to Wall Street investors and/or pension funds, all with no disclosure. The group says, “note to US pension funds and Wall Street: we suspect you are already a major victim of major US banks or government owned mortgage operations selling you a securitized toxic Chinese drywall mortgage from Florida, Alabama, Mississippi, Louisiana, Virginia and Southeast Texas, and here’s the problem—as soon as the new buyer finds out the home contains toxic Chinese drywall, it’s a foreclosure all over again–your asset is worth zero.” They say, “and what happened to any accountability from whoever is bundling these toxic mortgages, giving them a triple A rating, and passing them off to an unsuspecting investor or pension fund? After the 2008 US mortgage-economic meltdown we are not just going to sit and wait for President Obama or his administration to say or do something anymore. Time’s up.” http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center says, “the imported Chinese drywall disaster actually gets worse, for Wall Street. We think within a month or two we will be able to prove that publicly traded homebuilders or their mortgage entities knew about the toxic Chinese drywall disaster as far back as 2005, and most forgot to say anything to the innocent consumer, Wall Street, or the pension funds, that really were all on the receiving end of a toxic mortgage.” They say, “further, while the US Centers for Disease Control passed last week on any sort of formal testing of the long term exposure health issues related to toxic Chinese drywall, we are saying if gasses being emitted in these toxic Chinese drywall homes are corrosive enough to eat through a copper air conditioning coil or turn electrical wires black, it can’t be very good for someone’s health.” They say, “we are tired of getting the consumer calls every day and not being able to actually help them. We are super tired of federal agencies like the Justice Department, the US EPA, and the US Consumer Products Safety Commission miserably failing US citizens and taxpayers. We still can’t figure out why President Obama has failed to mention this disaster one time in public—-but we can’t wait anymore. Time’s up.” http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center says, “in scope we think the toxic Chinese drywall disaster involves more homes than were involved in Hurricane Katrina, Rita, Ike, and Ivan combined. We think there are toxic Chinese drywall homes in all 50 US states, and if anyone really wants to take a good look at what toxic Chinese drywall does to a home, visit our web site—this is everyone’s problem.” http://ChineseDrywallComplaintCenter.Com

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Chinese Drywall Complaint Center Endorses National Construction Warranty Program For Investors & Takes On Florida Banks & Flippers Dumping Chinese Drywall Foreclosures

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(Vocus/PRWEB) March 07, 2011

The Chinese Drywall Complaint Center warning all US banks about dumping toxic Chinese drywall foreclosures on unsuspecting new buyers, with the only disclosure being-As Is. They say, “We can prove major US banks are dumping toxic Chinese drywall foreclosures on unsuspecting new buyers, with the only disclosure being-As Is. The same bank then turns around and puts a new mortgage on the house, with no disclosure to the pension fund, or investor, that buys the securitized mortgage. We call that securities fraud, and we are demanding a criminal SEC securities fraud probe.” The group is also warning all home buyers in Florida, Alabama, Mississippi, Louisiana, and or Southeast Texas to not buy any home, condo, or town home without having the property thoroughly tested for toxic Chinese drywall. They say, “Because of hurricanes Katrina, Ike, Rita, and Ivan, we have to include storm damaged homes in all US Gulf States, so our time frames for new homes, subdivisions, or condos from 2000 to 2008 just went out the window-translation it could be in any hurricane damaged home.” The Chinese Drywall Complaint Center says, “Just because there is no federal leadership from the Obama Administration, from the US EPA, the CDC, or the absolutely pathetic US Consumer Products Safety Commission, it should not mean it is open season for Florida real estate flippers to dump an un-repaired toxic Chinese drywall home foreclosure-with no disclosure, on a completely innocent consumer, or family. Why even have an Attorney General in Florida, or Alabama, Mississippi, Louisiana, and or Southeast Texas?” http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center says, “We have no issue with honest investors buying toxic Chinese drywall foreclosures in Florida, or the US Gulf States, as long as they buy the warranty products of the National Construction Warranty Program, and they hire a very ethical contractor, who will strictly adhere to the National Construction Warranty Program’s remediation protocol.” The group is saying, “investors involved with these flippers in Florida, and other US Gulf States, who are doing no actual repairs to these toxic Chinese drywall home foreclosures are out of their minds-just wait until the health related exposure to toxic Chinese drywall personal injury lawsuits start.” They say, “We are calling banks, and real estate flippers out for their reprehensible behavior, and we will stop them. As a indication of our resolve, we have designed a service, that will help advise honest Chinese drywall home investors on what to buy, how much to pay, suggest ethical contractors, and strategies. Our one, and only caveat is the investor buys the products from, and strictly adheres to the remediation standards set by the National Construction Warranty Program. This way everyone wins-including the investor, the ultimate consumer, and their family.” http://NationalCDW.Com

For more information about symptoms of toxic Chinese drywall, or information related to toxic Chinese drywall please visit the Chinese Drywall Complaint Center’s web site at http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center, or its parent group Americas Watchdog was not paid a fee, or given any type of compensation for their endorsement of the National Construction Warranty Program. The group says, “We have endorsed the National Construction Warranty Program because its the only sensible game in town for repairing a toxic Chinese drywall home, and because we feel like it was the right thing to do.”

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Chinese Drywall Complaint Center Demands Mortgage Relief For Florida & Gulf States Homeowners Stuck In Chinese Drywall Hell

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(PRWEB) May 18, 2011

The Chinese Drywall Complaint Center says, “The imported toxic Chinese drywall disaster in places like Florida, Alabama, Mississippi, Louisiana, Virginia, and Southeast Texas is the worst man made environmental disaster to ever hit the US, and unless someone steps up to the plate pretty soon, its just going to get worse for everyone. Everyone includes the completely innocent homeowners, who would have never knowingly purchased a toxic Chinese drywall home. Everyone also includes completely innocent children of homeowners stuck in these toxic Chinese drywall homes.” The group says, “We think it is insanity for major US banks, or loan servicers to continue to pretend that the toxic Chinese drywall environmental disaster is just going to go away on its own. Unless these homes are properly remediated, the disaster never goes away, it simply festers, and it gets worse.” They say, “We believe the time has come for major US banks, and loan servicing companies to step up to the plate to help these homeowners. Meaningful help for homeowners stuck in a toxic Chinese drywall home in Florida, Alabama, Mississippi, Louisiana, Virginia, and Southeast Texas would involve a substantial loan modification, along with what is called a 203-K mortgage. The unique feature of a 203-K mortgage program is it allows for a purchase price, and remediation built into the mortgage product.” http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center says, “In places like Lee County, Florida, the Assessors Office has some toxic Chinese drywall homes valued at the land cost only. The actual home, or condo is worth zero. We think this should be a huge wake up call to all major US banks, or mortgage loan servicers. Do the pension funds, or investors know their securitized mortgage is worth nearly zero?” They also say, “At the same time we are horrified with the prospects of Florida real estate flippers buying toxic Chinese drywall foreclosures, and then doing a low end remediation-doomed to fail, or even worse, no remediation on the foreclosure, and then spinning the home to a new buyer, typically from out of state, or who has never heard of toxic Chinese drywall before. Is anyone in city, county, state, or the federal government remotely worried about any of this? Are the Fed’s ever going to show up to the toxic Chinese drywall disaster?” http://ChineseDrywallComplaintCenter.Com

The Chinese Drywall Complaint Center is saying, “Toxic Chinese drywall foreclosures can be great investments, if the investors, or home purchaser understands what they are doing, and the critical aspect of a proper home remediation. However, if the investor, or purchaser fails to do it right, the home ultimately becomes another foreclosure. We are doing everything possible to change the Florida toxic Chinese drywall foreclosure flipper quick buck, or go cheap mentality into something sane. But, it really is time for major US banks, and loan servicers to show up, by helping existing homeowners stuck in toxic Chinese drywall hell, and or insuring that toxic Chinese drywall foreclosures go through a rigorous remediation before they are allowed to be mortgaged to a new home purchaser, or investor.” http://ChineseDrywallComplaintCenter.Com

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ZOM and Northwestern Mutual Crack Ground on Luxurious Multifamily Units in Palm Beach Gardens, Florida

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Fort Lauderdale, Florida (PRWEB) August sixteen, 2012

Hamptons PBG, L.P., a joint venture of ZOM Florida and Northwestern Mutual, recently commenced construction on a 224-device luxurious apartment rental local community in Palm Seaside County Florida. Recent Builders has been chosen as the standard contractor. Supplying the most expansive and reducing edge amenity bundle in the industry, The Hamptons at Palm Seashore Gardens is predicted to be finished by December 2013, with leasing starting up in Spring 2013. Positioned just minutes from the new Scripps Study Institute and the Jupiter campus of Florida Atlantic University, this new advancement is preferably located to just take advantage of the increasing multifamily rental industry in Palm Seashore County.

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The 22.7 acre site offers an best minimal density setting for twenty five two-story structures and two a few-tale buildings in a community placing. The project is modeled soon after ZOMs profitable Hamptons and Arbors fashion merchandise. With a customized mix of each, the Hamptons will be housed in the two-tale structure, with only six apartment houses for every constructing, and will seem and purpose comparable to a one-household residence, with focused ground floor entryways and direct accessibility garages. The Arbors models are designed in a 3-tale structure, with breezeway accessibility garages. The a lot more traditionally sized one particular- and two-bed room Arbors units will have superior view orientations of the lake. The undertaking will also attribute a lavish clubhouse with resort design pool, health and fitness heart, e-lounge, and pet salon. All highlighted by a central 2.five acre lake with going for walks trail, as effectively as a perimeter character protect. ZRS Management, LLC has been retained to provide house administration solutions for the project.

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We imagine this new task, our twenty-third multifamily task in Florida, has the right mix of attributes to offer dependable project income flow for the duration of operations and above regular complete expenditure returns, stated Kyle Clayton, ZOM Floridas Development Vice President. Coupled with favorable work development for Palm Seashore County, and emerging work hubs in close proximity to the website, housing demand from customers in the location carries on to strengthen.”

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We think this exclusive, higher-complete merchandise will be in higher demand from customers in the north Palm Seaside market place, and that Northwestern Mutuals policyowners will gain from the long-phrase value we are creating in our undertaking with the ZOM team, stated Felix Figueroa, Director for Northwestern Mutual True Estate Investments.

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ZOM is a single of the most highly regarded luxury multifamily developers in the United States, and has joint ventured or straight designed in excess of eleven,000 condominium models nationwide, with an mixture value in surplus of $ one.five billion. All through its thirty calendar year background, ZOM has garnered a lot more than a hundred sector awards which includes recognition for project design and improvement expertise. ZOM was awarded the extremely coveted Pillars of the Market award by the National Affiliation of Homebuilders for building the Ideal Garden Apartment Group in 2010. ZOM is headquartered in Orlando and has regional improvement places of work in Fort Lauderdale, Dallas, and Washington D.C. For a lot more info on ZOMs multifamily portfolio, pay a visit to http://www.zomusa.com.

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Northwestern Mutual has served clients achieve monetary security for more than 150 years. As a mutual business with above $ 1 trillion of daily life insurance coverage protection in pressure, Northwestern Mutual seeks to share its gains with policyowners and deliver constant and trusted benefit to clientele in excess of time. Northwestern Mutual is one particular of the largest true estate buyers in the country, with investments in commercial mortgages, equities and securitized investments throughout all significant property kinds, and with real estate pros offering origination, underwriting, and services in regional offices throughout the country. Remember to pay a visit to http://www.northwesternmutualrealestate.com for more information about Northwestern Mutuals true estate investing.

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