ARES announces the release of Foreclosure Guard – NMP Skip to main content

ARES announces the release of Foreclosure Guard

Jan 19, 2010

Advanced Real Estate Systems (ARES) has created Foreclosure Guard, a new tool for real estate professionals and investors who are working with clients to complete short sales and mortgage loan modifications. “I’ve been working in the default market since 1989 as an investor, real estate broker, consultant, and most recently as a speaker recognized by the National Association of Realtors,” explains Phil Tesoriero, co-creator of Foreclosure Guard, “I‘ve taught that the short sale proposal is a necessary and painstaking process. But with Foreclosure Guard I can do higher quality proposals in significantly less time. I am proud to say that with Foreclosure Guard, that process has been reduced down to mere minutes.” Foreclosure Guard allows for a single point of entry where the user enters in the necessary details on the default property. It then creates all of the necessary documents for either a short sale or loan modification proposal. Foreclosure Guard’s high quality documents include many of the most commonly requested bank documents. In addition to that, it produces numerous supporting documents to help defend one’s proposal and move the transaction along to the closing table. With foreclosures on the rise, there is a tremendous opportunity to not only make more money and greater profits but to also assist homeowners and communities to grow and strive during this economic crisis. Foreclosure Guard is one of the only systems of its type that is compliant with the new US Treasury Guidelines effective April 2010 as well as online short sale platforms used by major lenders.   For more information, visit www.foreclosureguard.net.  
About the author
Published
Jan 19, 2010
MISMO Updates Business Glossary To Support AI, eMortgages

New definitions covering eHELOCs, remote online notarization, valuation modernization, and compliance initiatives aim to improve consistency

MISMO Launches AI Governance Framework For Mortgage Lenders

New FRAME toolkit gives lenders, servicers, and technology providers a roadmap for managing AI risk while supporting innovation

CFPB Tells Lenders Immigration Status Can Factor Into ATR Analysis

CFPB frames immigration status as a potential ability-to-repay factor when future U.S.-based income is at risk

UAD 3.6 Deadline Nears; First American Earns Verification

First American's ACI Sky Workbench gains verification ahead of the Nov. 2 implementation date for the GSEs' updated appraisal reporting requirements

MISMO Introduces New Loan Boarding Standard

Wrapper Files support standardized data transfers between origination and servicing systems, with potential savings of $60 to $160 per loan

The GLBA Compliance Gap Your AI Deployment Just Opened

Old statutes, new models, and the vendor contract you signed before machine learning became operational