713Bankruptcy.Com's Blog

Do your part to help save homes across America

As you are aware, homeowners across America continue to suffer from mortgages that are under water.  An example of an underwater mortgage is:  Home is appraised at $300,000 but $500,000 is owed on the first mortgage and $100,000 is owed on the second.

If the bank repossessed the home, the most they could sell the house for would be $300,000.  In fact, they would receive substantially less because they would absorb the cost of selling the property.  Therefore, regardless of whether the home owners are living in the home or not, the bank would still lose.  And for homes with a second mortgage (using the previous scenario), the second mortgage company would not receive anything.  This is one reason a Strip Down or a Cram Down can be proposed and confirmed inside a Chapter 13 Plan.

For the past three years or so, I have been actively monitoring the crisis the country is currently experiencing.  The first time I prepared a Chapter 13 for a bankruptcy attorney that proposed a Strip Down of the second mortgage and a Cram Down of the first mortgage was in the Southern District of Ohio.  The petition was filed during the week of September 2008 when Washington Mutual Bank announced the collapse.  I am happy to report that he Plan was confirmed with no appearance by the mortgage company.

Since that time I have prepared or reviewed over 50 or so different petitions in which Strip Downs and Cram Downs were considered or proposed.  However, before I could write this article or begin offering teleconference training classes on this topic, I needed to put more petitions to the test.

I am very happy to report that an attorney in the Central District of California has had two Chapter 13 Plans confirmed; whereby she saved her clients thousands of dollars.   Will this work in other states?  Since the procedure is so new, it is impossible to know.  However, I think attorneys would want to try every option possible to save their clients money and give them a fresh start by exploring the methods used in California.

In addition, this California attorney attended a Chapter 13 seminar at the California Bankruptcy Court and obtained a wealth of materials and sample pleadings that explained exactly how to propose a Chapter 13 Plan and obtain confirmation of Strip Downs and Cram Downs.  This valuable information was then passed on to me to be used for training purposes.

This is WONDERFUL news.  With this information, bankruptcy attorneys may be able to save their clients hundreds of thousands of dollars during this hard financial crisis the country is suffering under.  Non-attorneys, such as paralegals and VBAs, should also learn this information so they can inform their attorneys and propose Cram Downs and Strip Downs for every upside down mortgage they prepare a Chapter 13 Plan for.  Let us all do our part to save as many homes for Americans that we can and I want to get the information to you as quickly as possible.

ATTEND THE NEXT TELECONFERENCE

I believe the best and less costly way to provide this information is through a teleconference and distribution of the materials.  Therefore, when the teleconference is over, I will provide attendees with the following:

** All materials provided by the California Bankruptcy Court regarding Strip Downs and Cram Downs that the California attorney received.

**  A variety of different sample pleadings with all components (including the Order) to be used as templates for preparing the documentation required to propose a Strip Down or Cram Down.

** Letter from a Judge at the California Bankruptcy Court regarding how he handles bankruptcy cases that propose a Strip Down or Cram Down

** Case numbers of actual cases I personally worked on with this attorney.  Login to PACER and review the Schedules and Plan so you will know how to duplicate the methods the attorney and I used and help your clients.

WHO SHOULD ATTEND?

Attorneys, Paralegals and VBAs

This is an advanced training course regarding Chapter 13 Plans.  Attorneys are encouraged to attend so they can begin helping save their clients thousands of dollars.  Also, paralegals and VBAs may also attend so they can pass the information on to the attorneys they are working with.

HOW TO ATTEND

Dates:
Several are scheduled throughout the year.  For future dates, visit: http://www.713training.com/shop/cart.php?m=product_detail&p=113

Time of Teleconference (same for all dates):
8:30pm, Eastern
7:30pm, Central
6:30pm, Mountain
5:30pm, Pacific

Registration cost includes:

(1)  All materials listed above, plus
(2)  Personalized Certificate of Training

TO REGISTER:

http://www.713training.com/shop/cart.php?m=product_detail&p=113

or, http://www.713training.com/shop
Click on CHAPTER 13 CATEGORY

After registration, you will receive an email containing information on how to attend.  At the appointment time you will call in on a toll-free number and join the meeting.  You are encouraged to bring sample cases you are working on for case evaluation and review.

On October 15, 2009 the first ADVANCED LEVEL Chapter 13 Teleconference Class was presented in an online teleconference format.  This teleconference received rave reviews and I would like to share some with you in the next section.

TESTIMONIALS FROM ATTENDEES

I attended the Denver seminar and I was impressed that the information at this teleconference was completely different.  A friend who introduced me to 713Training said that every product you have is new and different.  Although all your products work together, each one is unique and provides a different skill. I think 713Training is awesome!

No bankruptcy court or legal seminar I have ever attended provides this level of training in a manner that people understand.  I learned tonight that 713Training is the nugget of gold I have found and I thank you for the excellent training.

SUMMARY OF THE TELECONFERENCE

Victoria Ring began this teleconference by addressing ten (10) questions previously provided at:
http://www.713bankruptcy.com/archives/318

Along the way, she provided personal stories as well as tips and techniques she used that saves time and increases profit.  One talent Victoria has is to provide personal stories of experiences she has encountered during her career.  These real life stories are one of the reasons her particular training methods work.  People can quickly relate to a real life situation and therefore understand the why and how of each topic.  When people understand why and how they need to do a certain thing, they bridge the gap to understanding the skill being taught.

Victoria commented after the teleconference class was finished:

I really enjoyed teaching this seminar and I am so glad it was recorded so the information is never lost.  I was in a terrific frame of mind for teaching and when I got started I could not stop.  The information even impressed attorneys who listened to the recording, so I know the information will surely benefit virtual bankruptcy assistants.

Most people do not realize that I spend from 3-4 hours preparing for each training class before it even begins.  I do this because I want the information to be the best and most current available.  And because debtor bankruptcy is a topic that I truly enjoy, I naturally do the best job I can.  It is a great feeling to know that the training is helping so many people.

Thank you for your continued support of the products and services I develop.

RESOURCE LINKS

Chapter 13 Training Class Video Lesson
http://www.713training.com/shop/cart.php?m=product_detail&p=112

BONUS: Order the video above and you will receive a FREE COPY of the actual recorded teleconference. This audio will be in MP3 format which plays on most motor vehicle stereos as well as your computer.

Online Bankruptcy Training Class (for beginners to moderates)
http://www.713training.com/shop/cart.php?m=product_detail&p=115

Advanced Chapter 13 Training Class (for advanced students)
http://www.713training.com/shop/cart.php?m=product_detail&p=113

NO LONG DISTANCE CHARGES TO ATTEND
http://www.713training.com/shop/cart.php?m=product_detail&p=115

Topic:  Balancing Schedule I and J of the Bankruptcy Petition
Date:  Tuesday, October 20, 2009
Class Length:  1 to 1.5 hours (depending on questions asked at the end of class)
Cost:  $24.95

This teleconference training class will take you line by line down Schedule I and J of the bankruptcy petition.  It will also provide you with training as well as insider tips and techniques for improving your current bankruptcy petition preparation skills.

Instructor:  Deborah Shaffer, Certified Paralegal

Deborah Shaffer has worked in the legal field for over 20 years.  She holds a Bachelors Degree in Paralegal Studies and will be setting for the LSAT this fall in order to enter law school.  Additionally, Deb Shaffer has been successful as a virtual bankruptcy assistant and currently works for three attorneys in Pennsylvania.  She has assisted Victoria Ring in teleconferences since 2005 and continues to be an asset to 713Training.Com.

Benefits for Attending:

1.   Attending the live teleconference enables you have direct access to the instructor so you can ask questions to enhance your learning.

2.   You will receive access to the recorded teleconference when class is ended so you can listen to the information again and pick up additional tips and techniques.

3.   Certificate of Attendance personalized with YOUR name. Print on your color printer and frame.

4.   Toll free number access.  No long distance charges.

To sign up online now:
http://www.713training.com/shop/cart.php?m=product_detail&p=115

For only $24.95 and 1 hour of your time, you will learn skills that company trainers charge you $1,000s to learn.   Sign up now at:
http://www.713training.com/shop/cart.php?m=product_detail&p=113

Are you a virtual bankruptcy assistant?

The information you learn in this 1 hour class will provide you with knowledge to advance to the next level in your VBA career.  Professionals who become successful in any field are the people who attend advanced classes and continually improve their skills.  Improving skills makes you more invaluable to the attorneys you work with as well as ultimately helping improve the lives of debtors.

Are you an attorney?

The training provided at this Chapter 13 Training Class is based upon a real bankruptcy petition review provided by a practicing bankruptcy attorney.  You, as well as any member of your staff that works in the preparation of bankruptcy petitions will benefit from this training.  The level of detail in your petitions will also increase which results in higher profits for your law firm.

Are you a beginner?

Even if you are beginner to the bankruptcy field, you will still benefit from the training provided at this Chapter 13 Training Class.  A variety of different topics are covered and presented in various ways so that everyone from beginners to attorneys will learn something from this class.  In other words, you are welcome regardless of your present level of knowledge.

Besides, I am anxious to share with you all the information I recently learned so you can advance your knowledge.  The bankruptcy case reviewed in this online training class is an excellent case to train you on and I sincerely hope you will consider attending.

Extra Bonus:

**  Attending the live class will provide you with the opportunity to speak to me (Victoria Ring) personally and ask me any questions relating to the training.

**  A professional Certificate of Attendance is issued at the end of the class.  Print out on your ink jet, frame and hang in your office.  Or, add the Certificate to your portfolio for presentation to attorneys.

** Purchase the VIDEO for advanced training after the class is over. Visit:
http://www.713training.com/shop/cart.php?m=product_detail&p=112

Class is limited to 85 attendees.  Sign up now and choose a date you will attend:
http://www.713training.com/shop/cart.php?m=product_detail&p=113

I hope to talk with you at an upcoming Chapter 13 Training Class.

Victoria Ring, CEO
713Training.Com LLC

by Victoria Ring, 713Training.Com

On Saturday, April 19, 2008, I was one of two guest speakers on the topic of Foreclosure Mediation, hosted by the American Center for Conflict Resolution Institute at http://www.accri.org. The teleseminar lasted for 1 hour and was a great success. How do I know? Because when the phone lines were unmuted for listeners to ask questions, there was an overabundance of them. This shows a speaker that everyone was paying attention and that people were excited about the information they heard.

James Cline of Foreclosure Mediator Training Systems was also a speaker at the teleseminar and I was honored to meet him for the first time. James has been working as a foreclosure mediator since 1995 and really knows his stuff. He offers a training school in Michigan and you can contact him for more information about the field by calling toll-free 877-631-8408.

Below are some of the topics James and I covered during the teleseminar:

What exactly is foreclosure mediation?

Foreclosure mediation is using a variety of different methods to negotiate with the mortgage company in an attempt to stop or prevent foreclosure procedures and allow the borrower(s) to stay in their home.

Why would a lender want to mediate a foreclosure?

It costs a lender $1,000s of dollars to proceed through a foreclosure. From attorney fees to file the paperwork to the Sheriff’s sale and everything in between, it can cost a lender upwards of $10,000 or more to foreclose on a piece of property. Then, the lender must resell the property and try to make a profit, which may or may not be advantageous. Therefore, the lender would much rather negotiate a settlement, which is why your services as a foreclosure mediator are so much in demand.

Why are there so many foreclosures today? Is this happening everywhere?

The reason for the amount of foreclosures today is due to the fact that people are unable to pay their mortgage payment. This could be caused by a variety of different reasons, from losing their job and the inability to find employment paying the same wage, or because of a bad mortgage loan such as “interest only” or “adjustable rate.” The foreclosure rates are increasing everywhere. Even England and many other countries are having the same economic problems we are here in the United States.

Ref: U.S. Nationwide Foreclosure Statistics
http://www.foreclosures.com/stats/

Why is this a good time to get involved in foreclosure mediation?

Because the numbers are increasing at an alarming rate, many lenders are more than willing to work with mediators. This makes the job of a foreclosure mediator much easier.

Why can’t the borrower mediate their own foreclosure?

Because lenders would rather work through a third-party since a third-party is normally more neutral. A borrower would tend to be more biased during mediation and possibly withhold important data from the lender that could make or break the negotiation.

How does one become a foreclosure mediator?

Through a variety of methods; but the best place to start is by purchasing Victoria Ring’s book titled: An Introduction to Foreclosure Mediation which can be purchased online as an eBook or in printed form from her website:

Printed: http://www.713training.com/shop/cart.php?m=product_detail&p=67
EBook: http://www.713training.com/shop/cart.php?m=product_detail&relate=1&p=9

This book lays out all the basic information to get you started. Then, if you wish to pursue the field, you are encouraged to contact James Cline at 877-631-8408 for one-on-one personalized training.

Do you need a license to be a foreclosure mediator?

I do not know of any state law that requires a person to have a license to negotiate a workable plan between a borrower and mortgage company; however, state laws change all the time. Therefore, it is wise to check with Tanya Haggins at the American Center for Conflict Resolution for updated information. Her email address is thaggins@accri.org

How much time does it take to train to be a foreclosure mediator?

That depends on the background of the individual and the ability to comprehend the materials. Some people can purchase a book and within 2-3 weeks be making excellent money. Other people require more training and hand-holding. That is why my book, An Introduction to Foreclosure Mediation is so helpful. It outlines the entire business so you can make a more informed decision about whether to pursue this career without making a large investment.

How much money can one make as a foreclosure mediator?

That depends on many circumstances. My book covers the possible income a foreclosure mediator can earn but these figures fluctuate. If you are working for an attorney, the attorney may earn $1,000 for negotiating a foreclosure for a borrower and pay the non-attorney $500. Or, perhaps the negotiation could take from 5-6 weeks and hundreds of phone calls to complete. In this instance, the fee the foreclosure mediator could earn may be thousands of dollars. Or, some foreclosure mediators will base their fee on the amount of money being negotiated. But overall, a foreclosure mediator can earn as little as $4,000 per month or as much as $250,000 per year or even more.

How much time does it take to mediate a foreclosure case?

Every loan is unique and every one will require different periods of time to negotiate. Some loans can be mediated in 30 minutes while others may take 3-4 months. It depends on how fast the lenders and borrowers get back to you with the required information and your ability to reach the right person at the lending company to confirm a negotiation.

Can I run this type of business from home?

Absolutely! In fact, almost any business today can be run from home. All you need to get started in foreclosure mediation is a telephone, fax machine and a computer, which you probably already have.

References:

An Introduction to Foreclosure Mediation
http://www.713training.com/shop/cart.php?m=product_detail&relate=1&p=9

Advanced Training from James Cline, a Foreclosure Mediator
Phone: 877-631-8408

American Center for Conflict Resolution Institute
http://www.accri.org

FREE BANKRUPTCY TELECONFERENCE

DATE: APRIL 17, 2008
HOST: Dana Fortier
TOPIC: Marketing Your Virtual Business

Discussion regarding utilizing social networking sites to network with other bankruptcy attorneys or bankruptcy paralegals; how to research potential clients and search for potential clients.

If you have any specific questions you would like for Dana to answer in regard to marketing and you do not wish to voice them during the teleconference, please email your questions to: dlf41103@hotmail.com BEFORE the teleconference. In the SUBJECT LINE type: Question for 713Training Seminar.

HOW TO ATTEND THE TELECONFERENCE:

TIME:

9:00pm, Eastern Standard Time
8:00pm, Central Standard Time
7:00pm, Mountain Standard Time
6:00pm, Pacific Standard Time

CALL IN INFORMATION:

1. Call 641-715-3200
2. Key in ACCESS CODE: 1076235 followed by the (#) pound key
3. You will be immediately connected to the teleconference
4. If you should hear music or dead silence when you log in, it means that the host has not logged in yet. Please stay on the line for a few minutes until the host logs in and provides teleconference access to everyone.

UNABLE TO ATTEND?

The teleconference will be recorded and available for free download in MP3 format to members of the NAVBA. If you would like to have access to this recorded teleconference as well as our previously recorded teleconferences, you can join the NAVBA for only $15.99. There is no long-term obligation and you can cancel at any time. It’s the best deal you will find for solid and ongoing education and training.

Join: https://www.713training.com/administrator/signup.php

IMPORTANT WEB LINKS:

Free “Getting Started Guide”
http://www.713training.com/getstarted.pdf

Training Materials:
http://www.713training.com/shop

Contact Other Virtual Bankruptcy Assistants
http://www.713training.com/directory/

713Training.Com’s Apprentice Program
http://www.713training.com/vabusiness/index.html

Victoria Ring
Certified Paralegal and Training Instructor
713Training.Com

DATE: NOVEMBER 8, 2007
TOPIC: The Booming Virtual Assistant Industry
HOST: Victoria Ring, 713Training.Com

Whether you realize it or not, the virtual assistant industry is growing by leaps and bounds. Virtual Bankruptcy Assistants like you are also a growing part of that group.

In the November 8 teleconference I will be discussing this topic in more detail. Hopefully I can help you prepare for the fantastic future that lies ahead. Right now, there are a total of 137 members in our Virtual Assistant Bankruptcy Club group. We can all work together increasing awareness of our skills, which is turn will explode our marketing efforts. This is a teleconference you will not want to miss.

Where do I get my information for these teleconferences? I am a member of several Virtual Assistant organizations. I also read a great deal of business-related magazines and articles about the virtual assistant industry are everywhere.

Below are links to some of the virtual assistant organizations that you may want to consider joining:

International Virtual Assistants Association ($75 per year)
http://www.ivaa.org/

National Virtual Associates Society ($25 per year)
http://www.nvas.org/

and many more are provided at:
http://www.virtualassistantbusiness.com/virtual-assistant-organizations.html

Or, join this free virtual assistant forum:
http://www.mediamage.com/cvaforum/

Or, check out this excellent website to further your VA knowledge:
http://www.virtualassistantnetworking.com/

HOW TO ATTEND THE TELECONFERENCE:

TIME:

9:00pm, Eastern Standard Time
8:00pm, Central Standard Time
7:00pm, Mountain Standard Time
6:00pm, Pacific Standard Time

CALL IN INFORMATION:

1. Call 641-715-3200
2. Key in ACCESS CODE: 1076235 followed by the (#) pound key
3. You will be immediately connected to the teleconference

UNABLE TO ATTEND?

The teleconference will be recorded and available for free download in MP3 format to members of the Bankruptcy Teleconference Club. If you would like to have access to this recorded teleconference as well as a huge amount of our previously recorded teleconferences, you can join the Bankruptcy Teleconference Club for only $15.99. There is no long-term obligation and you can cancel at any time. It’s the best deal you will find for solid and ongoing education and training.

Join: https://www.713training.com/administrator/signup.php

IMPORTANT WEB LINKS:

Free “Getting Started Guide”
http://www.713training.com/getstarted.pdf

Training Materials:
http://products.713training.com

Contact Other Virtual Bankruptcy Assistants
http://www.713training.com/directory/

713Training.Com’s Apprentice Program
http://www.713training.com/vabusiness/index.html

Victoria Ring
Certified Paralegal and Training Instructor
713Training.Com

JOIN US FOR A SPECIAL … BANKRUPTCY TELECONFERENCE
DATE: SEPTEMBER 13, 2007
TIME: (See Below)

SPECIAL GUEST: Gloria Joyce, Immigration Paralegal
WEBSITE: http://www.485petitions.com

Don’t miss this important teleconference. Gloria Joyce, an Immigration Paralegal with many years of law firm experience will be discussing her new virtual immigration business. This will give you lots of fresh and new business ideas as well as an insider’s look at the world of immigration.

Although Gloria is the first to develop an online virtual immigration service that aides attorneys nationwide, she hopes that her company will influence others to do the same. Gloria said:

“Immigration filings are increasing every month. When immigration law firms get overloaded, they look to virtual assistants to help them. Although I do not provide training in preparing the forms like 713Training.Com does; perhaps my online presence will help to open the world of possibilities to other virtual assistants who already own their own VA business.”

BEFORE ATTENDING THE SEMINAR …

Because Gloria Joyce is our special guest tonight, we ask that prior to attending the teleconference that you visit her website at:

http://www.485petitions.com

Download a few of the free forms and look them over. Try to formulate some questions in your mind that you can ask Gloria at the teleconference. Because of Gloria’s knowledge and experience, you have the rare opportunity to obtain information directly from the source: an experienced immigration paralegal.

Please refrain from asking questions like: “How much money can I make?” Your focus should be on learning about immigration procedures and the work involved in preparing USCIS documents. Also, you may want to know where to find additional information so you can do additional research after the teleconference. Use this time wisely.

We hope you can attend and we all will enjoy a terrific learning experience without spending any money. It doesn’t get much better than that!

HOW TO ATTEND THE TELECONFERENCE:

TIME:

9:00pm, Eastern Standard Time
8:00pm, Central Standard Time
7:00pm, Mountain Standard Time
6:00pm, Pacific Standard Time

NEW LOGIN INFORMATION:

1. Call 641-715-3200
2. Key in ACCESS CODE: 1076235 followed by the (#) pound key
3. You will be immediately connected to the teleconference

UNABLE TO ATTEND?

The teleconference will be recorded and available for free download in MP3 format to members of the Bankruptcy Teleconference Club. If you would like to have access to this recorded teleconference as well as a huge amount of our previously recorded teleconferences, you can join the Bankruptcy Teleconference Club for only $15.99. There is no long-term obligation and you can cancel at any time. It’s the best deal you will find for solid and ongoing education and training.

Join: https://www.713training.com/administrator/signup.php

IMPORTANT WEB LINKS:

Free “Getting Started Guide”
http://www.713training.com/getstarted.pdf

Training Materials:
http://www.713training.com/shop/cart.php

Upcoming Future Seminars:
http://www.bankruptcyplus.com/seminars/

Seminar Program Outline:
http://www.bankruptcyplus.com/seminars/seminar_outline.pdf

Contact Other Virtual Bankruptcy Assistants
http://www.713training.com/directory/

713Training.Com Franchise Information
This is your opportunity to get in on the ground floor of a growing industry
http://www.713training.com/713training_franchise_info.pdf

If you are receiving this announcement and you are not a member of the Bankruptcy Club, visit https://www.713training.com/administrator/signup.php to begin your membership.

Victoria Ring
713Training.Com
http://www.713training.com