Legal armor donated $ 1 million in legal costs to help home owners facing foreclosure

(PRWEB) April 29, 2013

In response to widespread misconduct and scandals battered loan modification by lenders across the country, legal Armour launches a campaign to donate $ 1 million to support Americans deal with foreclosure.

home owners facing foreclosure frequently do not have the funds to hire a lawyer for sound legal suggestions on their alternatives, even when there is gross negligence on the part of their donors in the loan modification and / or their foreclosure approach. The owners are often forced to seek guidance from their friends, mortgage brokers, genuine estate agents or even on the Internet.

legal protection is far more cost-effective for the widespread American, said Yvonne Engelbrecht, vice president of legal operations of Armor. We have created legal armor to make it cost-effective for home owners to get sound legal tips. Get negative advice from uninformed but nicely-meaning owners typically lead to generating poor choices that could lead to losing their houses, ruining their credit and owe income to the IRS. Property owners need to discuss their circumstance with a lawyer who specializes in foreclosure defense that can give them the full range of alternatives they may possibly not otherwise be aware of.

legal Armor was developed to give property owners facing foreclosure affordable access to a defense lawyer foreclosure who can advise on their options.

Under its launch legal Armor is a gift of $ 1 million in the churches of legal solutions and other non-profit organizations that are helping distressed homeowners. Churches and non-profit organizations had been the bastions of hope for numerous homeowners. We want to reach out to these organizations and supply help for them to support their members who are facing foreclosure.

a church and nonprofit organizations that are interested in obtaining a lot more information about our program agencies need to pay a visit to


legal Armor

Armor sells legal membership plans for home owners facing foreclosure. Membership rewards incorporate protection of crucial services such as foreclosure inexpensive access to a lawyer of foreclosure defense, auditing securitization, credit counseling and much more.

legal Armor is a private firm that was founded in response to the growing need of Americans facing foreclosure to have affordable access to a lawyer who understands the foreclosure defense. It was founded in 2012 and is headquartered in Chicago, Illinois.

For a lot more information on legal Armor, come:

clear = “all”Locate far more securitization auditing Press

Economic Questions please help me?

Question by Help: Economic Questions please help me?
1) All other things being equal among the banks below, which bank is the least likely to become insolvent?

a) Bank D with assets of $ 400 million and liabilities of $ 310 million
b) Bank C with assets of $ 200 million and liabilities of $ 120 million
c) Bank A with assets of $ 100 million and liabilities of $ 80 million
d) Bank E with assets of $ 100 million and liabilities of $ 60 million
e) Bank B with assets of $ 100 million and liabilities of $ 70 million

2) _______ capital specifies the amount of capital financial institutions should hold based on the riskiness of their assets.

a) Securitization-based
b) Risk- based
c) Leverage-based
d) Regulatory

3) Rising savings rates in emerging countries in the period 2000-2008 are associated with both falling and rising mortgage interest rates in the United States.

a) True
b) False

Best answer:

Answer by Aleconomixt
a) Bank D with assets of $ 400 million and liabilities of $ 310 million

b) Risk- based

a) True

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Business Homework Help?

Question by Angel Eyes: Business Homework Help?
Need a bit of help with these questions.

1. Financial assets represent ______ of total assets of U.S. Households.
A over 60%
B over 90%
C. under 10%
D. about 30%

2. Real assets in the economy include all but which one of the following?
A Land
B. Buildings
C. Consumer durables
D. Common stock.

29. U.S. Treasury bonds pay interest every six months and repay the principal at maturity. The U.S. Treasury routinely sells individual interest payments on these bonds to investors. This is an example of ___________.
A. unbundling
B. bundling
C. securitization
D. security selection

10. In a capitalist system capital resources are primarily allocated by ____________.
A. governments
B. the SEC
C. financial markets
D. investment bankers

Best answer:

Answer by Wukong
1) – b
2) – a
29) – d
10) – a

Give your answer to this question below!

can you understand this???? please help???

Question by joa: can you understand this???? please help???
Hayes Lemmerz International, Inc. (Nasdaq: HAYZ) today reported financial results for its fiscal year ended January 31, 2007. The results were in line with preliminary results announced on March 16, 2007 and with guidance the Company provided to investors in December 2006.

For the fiscal year, the automotive and commercial highway wheels and components maker reported sales of $ 2.06 billion, up 5.1% from sales of $ 1.96 billion in the prior fiscal year. Earnings from operations were $ 4.8 million for fiscal 2006, compared with a year earlier loss from operations of $ 215.2 million, which included $ 185.5 million of goodwill impairment charges. Capital expenditures for the fiscal year were $ 80.8 million, down from $ 95.2 million a year earlier. The foregoing results exclude the suspension components business reported as discontinued operations, which had sales of $ 230 million, a loss from operations of $ 46.0 million and capital expenditures of $ 9.1 million.

The Company reported a net loss of $ 166.9 million for fiscal 2006, compared to a net loss of $ 457.5 million for fiscal 2005. The Company reported a loss from continuing operations of $ 120.9 million, compared with a loss from continuing operations of $ 287.1 million a year earlier.

Adjusted EBITDA for fiscal 2006 (including the suspension components business) was $ 188.6 million, up 7.3% from $ 175.7 million a year earlier. For the full fiscal year, Hayes Lemmerz reported free cash flow of negative $ 9.1 million, excluding the impact of the Company’s securitization program, an improvement of $ 71.6 million from a year earlier.

“Hayes Lemmerz is a much stronger company today than it was five years ago,” said Curtis Clawson, President, CEO and Chairman of the Board of Hayes Lemmerz.

“We have significantly decreased our dependence on U.S. markets, and continue to grow our international business, especially in Asia. By divesting non-core businesses and focusing on high growth/high return markets, we are continuing to execute our strategic business plan and our drive toward profitability and positive free cash flow. Sales to GM, Ford and Chrysler in the U.S., excluding discontinued operations, now account for only about 18% of global sales. Given the extremely difficult conditions in our marketplace, our results for 2006 are encouraging.”

As previously announced, as part of its continuing profit-enhancing initiatives, the Company completed the sale of two aluminum suspension components plants in February 2007. “These divestitures further reduce our dependence on the North American automotive market and free us from a very capital-intensive business,” said Mr. Clawson.

“Our new business wins point the way toward our future. We won over $ 575 million in annualized sales in 2006, of which 75% is international business,” Mr. Clawson said. “We continue to win with Japanese and Korean manufacturers, including Toyota, Hyundai, Nissan and Honda, both in the U.S. and internationally. We continue to win new business with our European partners, and in the U.S. markets our new business wins diversify our product mix with more crossover and passenger vehicles,” he said.

As previously announced, the Company�s board of directors has approved a rights offering for existing shareholders, for up to $ 180 million of common stock. Proceeds will be used to repurchase the Company�s 10.5% Senior Notes. The offering must be approved by shareholders at a special meeting scheduled for May 4, 2007. “By raising new equity capital and retiring high-cost debt, we are de-leveraging, strengthening our balance sheet and significantly improving free cash flow,” Mr. Clawson commented.

For the full fiscal year 2007, Hayes Lemmerz expects to achieve sales of about $ 2.1 billion, Adjusted EBITDA of approximately $ 195 to $ 205 million, positive free cash flow (excluding securitization impact) and capital expenditures of approximately $ 85 to $ 90 million.

Conference Call
Hayes Lemmerz will host a telephone conference call to discuss the Company’s full fiscal year 2006 financial results this morning, at 10:00 a.m. (ET).

To participate by phone, please dial 10 minutes prior to the call: (888) 295-5935 from the United States and Canada; (706) 758-0212 from outside the United States. Callers should ask to be connected to Hayes Lemmerz earnings conference call, Conference ID # 2107451. The conference call will be accompanied by a slide presentation, which can be accessed through the Company’s web site, in the Investor Kit presentations section at


Hayes Lemmerz International, Inc. is a world leading global supplier of automotive and commercial highway wheels, brakes and powertrain components. The Company has 30 facilities and approximately 8,500 employees worldwide.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state. The Rights Offering will be made only by means of a prospectus. When available, copies of the prospectus may be obtained from Hayes Lemmerz International, Inc., 15300 Centennial Drive, Northville, Michigan 48168, (734) 737-5000, Attention: Corporate Secretary.

Use of Non-GAAP Financial Information
EBITDA, a measure used by management to measure operating performance, is defined as earnings from operations plus depreciation and amortization. Adjusted EBITDA is defined as EBITDA further adjusted to exclude asset impairment losses and other restructuring charges, reorganization items and other items. Management references these non-GAAP financial measures frequently in its decision making because they provide supplemental information that facilitates internal comparisons to historical operating performance of prior periods and external comparisons to competitors� historical operating performance. Institutional investors generally look to Adjusted EBITDA in measuring performance, among other things. The Company uses Adjusted EBITDA to facilitate quantification of planned business activities and enhance subsequent follow-up with comparisons of actual to planned Adjusted EBITDA. Free cash flow is defined as cash from operating activities minus capital expenditures plus cash from discontinued operations and the sale of assets. Management uses free cash flow to identify the amount of cash available to meet debt amortization requirements, pay dividends to stockholders or make corporate investments.

Forward Looking Statement
This press release contains forward-looking statements with respect to our financial condition and business. All statements other than statements of historical fact made in this press release are forward-looking. Such forward-looking statements include, among others, those statements including the words “expect,” “anticipate,” “intend,” believe,” and similar language. These forward-looking statements involve certain risks and uncertainties. Our actual results may differ significantly from those projected in the forward-looking statements. Factors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, among others: (1) competitive pressure in our industry; (2) fluctuations in the price of steel, aluminum, and other raw materials; (3) changes in general economic conditions; (4) our dependence on the automotive industry (which has historically been cyclical) and on a small number of major customers for the majority of our sales; (5) pricing pressure from automotive industry customers and the potential for re-sourcing of business to lower-cost providers; (6) changes in the financial markets or our debt ratings affecting our financial structure and our cost of capital and borrowed money; (7) the uncertainties inherent in international operations and foreign currency fluctuations; (8) our ability to divest non-core assets and businesses; (9) the risks described in our most recent Annual Report on Form 10-K and our periodic statements filed with the Securities and Exchange Commission; and (10) our ability to consummate the previously announced rights offering. You are cautioned not to place undue reliance on the forward-looking statements, which speak only as of the date of this press release.


Marika P. Diamond
Hayes Lemmerz International, Inc.
(734) 737-5162

Contact Hayes Lemmerz. � 1998-2007 Hayes Lemmerz International, Inc. All Rights Reserved.
Subject to Acceptable Usage Policy

Best answer:

Answer by pimpcess
i wish i could help you but sorry i dont get this=[

What do you think? Answer below!

macroeconomic issues plz help?

issue by Kenny : the macro-economic issues plz help
When banks bundled and sold securities backed mortgages resulting A. they isolated the banking system of any risk defects paiement.B. They have significantly reduced the overall risk of defects paiement.C. buyers of these securities assumed the entire risk of defects paiement.D. they reduced their direct exposure to default risk mortgages, but were still exposed in the form of loans to investisseursdans securities backed hypothèques.16. In the financial sector, “securitization” refers to: A. increased insurance coverage on deposits bancaires.B. requiring larger down payment on the purchase of housing in order to reduce the risk of loan default hypothécaires.C. clustering groups of loans, bonds, mortgages and other debt into new titres.D. increased collateral requirements on prêts.12. The “shadow banking system” refers to: A. the granting of credit through the underground economy when the financial crisis of 2007 and 2008produite.B. the process by which trade securities provide credit for personal and commercial needs outside Deles traditionnels.C bank loans. the series of illegal financial transactions that precipitated the financial crisis of 2007 and 2008.D. made to buyers who are risk pauvres.19 credit mortgages. Default swaps on A. helped reduce losses due to the crisis loan hypothécaire.B. involve the exchange of high-risk mortgages for securities backed by mortgages low risque.C. are ready to investors in securities backed by hypothèques.D. holders of securities backed by insured loans if they underlying loans were not remboursés.23. Which of the following describes the identity embodied in a balance? A) Assets and reserves Netteb equal value) of a net asset value égalitéC liabilities) assets over liabilities net worth égaleD) Assets Liabilities equal, plus the nette34 value. Banks create money when they: A) money prêt.B) add to their reserves to fédéraleBanque.C reserve) accept deposits of money D) sell government bonds Best answer:

response Abdul Masiih
first ouhttp :/ / D. Net Worth = Assets – Liabilities (btw, you could understand it easily) 34. A (again, easily found in your book) Good reading. You’ll get much more out of it if you find as many answers as possible for you.

What do you think? Answer below!

Q&A: I need help finding a company that still offerst student loans.?

Question by Ana: I need help finding a company that still offerst student loans.?
Financial aid didn’t cover my whole tuition and books.
I need help finding a comapany that still offers student loans.
Any suggestions?

Best answer:

Answer by NotAnyoneYouKnow
The news on this front might be improving. Don’t take this as a personal recommendation (one way or the other) about Sallie Mae, but here’s an excerpt from an article that just appeared in the Washington Post this past week:

“Sallie Mae Raises $ 1.5 Billion for Private Loans

Reston-based Sallie Mae has secured $ 1.5 billion worth of financing from investment bank Goldman Sachs for a batch of private student loans, a sign that credit for the frozen student loan markets may be beginning to thaw.

The deal is the first transaction to provide funding for the private student loan market since September 2007, other than a relatively small securitization of $ 124 million, which was sold by the private lender MyRichUncle on July 10, 2008, according to Mark Kantrowitz, the publisher of

“That’s significant, as a first sign of a thawing of the capital markets,” Kantrowitz said.”

On the other hand – if you’re looking for a list of lenders that are no longer making student loans – you can find that list here:

You’ll find a few well-known names there, lenders like Bank of America, Comerica, GMAC, My Rich Uncle, Next Student, and the now-departed Wachovia and Washington Mutual.

Your best bet is to check with the financial aid office at your school – that’s part of what the financial aid officers are paid to keep track of (who’s still making loans available to their students). Another important option is to contact whichever banking institution you (or your parents) have had a long-term relationship with – especially if that institution is a credit union or a regional bank. Some lenders have limited the availability of educational loans strictly to loyal customers, and they’re no longer advertising these products to the general public.

All of that being said, you’re in a for struggle, as you already know. Educational loans are high-risk loan products, and these are exactly the types of loans that nearly every bank is trying to avoid.

Good luck to you.

Know better? Leave your own answer in the comments!

Can someone please help me in simple words with the helpof an example: What is asset securitization?

Question by MUNJAL S: Can someone please help me in simple words with the helpof an example: What is asset securitization?

Best answer:

Answer by jeff410

Its the bundling of assets and then selling them to investors. They are backed by the income from the assets, such as mortgages. Its a way of turning them into cash quickly for the sellers.

What do you think? Answer below!

What is a securitization audit? Does it help with foreclosure?

Question by Curt Gallows: What is a securitization audit? Does it help with foreclosure?
OK, I received my notice of default and am scared all to heck about foreclosing on my home in Tampa, FL. I just heard about this thing called a securitization audit. Can anyone tell me what they are and if it will help with my foreclosure?

Best answer:

Answer by real estate guy
First, you need a lawyer. You can’t just walk away. YOU NEED A LAWYER.

I googled it. It’s when the bank will review the whole loan to make sure that you didn’t lie about getting the mortgage. For example, you didn’t lie about the income amount or source. You didn’t lie about source of downpayments., they will review tax returns, etc.

Add your own answer in the comments!