Foreclosure Process, Fraught with Errors, Leads Borrowers to Fight Back

SAN RAMON, Calif., Feb. 21, 2012 /PRNewswire/ -- Operation Reach 1, Inc., a two-time congressional award winning company, today announced that it is helping to shepherd borrowers through the loan modification process under President Obama's Making Home Affordable (MHA) program. Operation Reach 1 is the only loan modification and foreclosure rescission company to be awarded an A rating by the Better Business Bureau.

Thanks to Operation Reach 1, foreclosure has not been the end for many borrowers. Calling for transparency in California's foreclosure process, which is riddled with errors, Operation Reach has successfully negotiated the rescission of numerous foreclosures – getting homes back for homeowners after they were wrongfully sold.

Clients of Operation Reach 1 have been able to fight, prevent and avoid foreclosure thanks to the company's vast knowledge of the foreclosure process, borrowers' rights and the guidelines surrounding the Making Home Affordable program.  In many cases, a bank's loan modification and loss mitigation departments are marching down two very separate and parallel paths and a blaze of errors occurs due to a number of factors. By identifying these errors, Operation Reach 1 is able to prevent and rescind foreclosures.

"At Operation Reach 1, we attribute our success to our borrowers who keep copious notes and are engaged in the process from beginning to end to regain ownership of their property," explained Denise Thomas, president of Operation Reach 1. "For many of our clients, who have been promised that their foreclosure would be suspended pending a modification review, that simply has not occurred and the trustee sale has occurred anyway. Borrowers are now fighting back with tangible evidence and winning – especially since every aspect of the foreclosure process is begging to be put under a microscope."

"I started working on the loan modification for my 82 year-old grandfather in 2009 and was denied at the end of 2010 when the bank claimed that we failed to provide the paperwork needed to obtain his tax returns even though we had submitted them multiple times," said Operation Reach 1 customer, Kristie Sheets.  "We didn't know where to turn – especially after working with an unethical loan modification company that took $6000.00 from us and did nothing. That's when I contacted a real estate attorney that recommended Denise Thomas of Operation Reach 1, which took over the process; allowed me to relax with complete confidence; and successfully helped us secure a rescission and loan modification."

"Denise Thomas is a tireless advocate for borrowers who want to stay in their home and negotiate an alternative to foreclosure through the Making Home Affordable program," said attorney William Caspari. "Borrowers who are lucky enough to have Denise on their side can rest assured that she will work diligently on their behalf until she achieves a resolution. The foreclosure crisis is a new frontier and few know how to navigate it – Denise is one of the few that do and has."

About Operation Reach 1

Operation REACH, CA DRE# 01210624, was formed in direct response to the mortgage crisis by female and minority professionals with 50+ years combined mortgage underwriting, risk management, quality control, and loan servicing experience. At the end of the day, when we have a family who has the opportunity to remain in their home, a lender who will receive monthly payments on time every month, and a neighborhood that reflects pride of homeownership, we have done our job. For more information on Operation Reach 1 and how we help usher borrowers through the loan modification and or rescission process, contact us at 1-888-979-4447 or visit our website at www.operation-reach.com.

Media Contact:
Andrea Corry
TopMind PR
[email protected]
(925) 640-5482

SOURCE Operation Reach 1, Inc.