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Channel 8 Las Vegas NOW Video |
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Fortress featured in Recent News |
Channel 8's news team discusses how the State of Nevada is narrowing down the list of loan modification companies in compliance with the new law, which includes Fortress Credit Services. Click here to watch the clip to learn more. |
John Ralston talks with Ian Hirsch about the new City Center and the local economy of Las Vegas on Face to Face.
Click here to watch the video. | |
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The Miller's Web Testimonial |
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Web testimonial for Fortress Credit Services, Las Vegas |
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Law firm sues state over mortgage modification licensing |
By Steve Green (contact)
Published Monday, Nov. 16, 2009 | 9:37 a.m.
Updated Monday, Nov. 16, 2009 | 5:59 p.m.
 Ian Hirsch, owner of Fortress Credit Services in Las Vegas, was critical of efforts by the attorneys to avoid licensing for their paralegals and staff involved in loan modifications. He said one of the purposes of licensing was to rid the industry of "bad players." "A good number of those bad players were law firms," he said. Hirsch said that one of the purposes of licensing was to provide a means for consumers to have fees refunded if loan-modifiers fail to modify loans. But law firms want to get paid regardless of whether they are successful in winning modifications, he said. Read entire article on the Las Vegas Sun's website. |
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Foreclosures, immigration linked in report |
Areas hit hardest have high percentage of foreign-born heads of household
By Timothy Pratt (contact)
Wednesday, May 13, 2009 | 2 a.m.
Ian Hirsch, who manages Fortress Credit Services and has taken on hundreds of clients seeking to adjust their mortgages to avoid or get out of foreclosure, said the report’s conclusions match his on-the-ground experience. "It doesn’t surprise me," Hirsch said. He pointed to the dozens of minority and immigrant clients he has seen who say, "This is not what I was told I was getting into" when they come to his office for help. The adjustable rates in their mortgages and the lack of financial assets they brought to the table lead many of those clients to foreclosure, he added. Read full article on the Las Vegas Sun's website. |
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CityCenter completion might spur home foreclosures |
By Buck Wargo (contact), In Business reporter
Fri, Nov 27, 2009 (3 a.m.)
Although some are touting CityCenter’s opening as a boon to the local economy, a mortgage expert says it will also signal the beginning of another wave of home foreclosures. Ian Hirsch, Fortress Credit Services director of operations, says he is concerned about thousands of construction workers who will lose their jobs with the completion of CityCenter. Read the full article on the Las Vegas Sun's website |
Fortress Credit Services, is one of only two homegrown companies in this line of work with a state license. About a year ago, the firm discovered that their ability to cajole and badger could be put to use helping people hang on to their houses. They persuade banks and other companies to modify mortgages. Hirsch and 10 staff members have taken on nearly 300 clients in the past year. Two-thirds of the cases are still in process, but he says no one has lost a house.
Read the entire article on the Pulitzer Prize Winner Las Vegas Sun's website
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NEVADAN AT WORK: Ex-auto finance exec uses debt-wrangling skills to help homeowners |
 Ian Hirsch knew he was onto something a couple of years ago when one of his employees at Fortress Credit Services in Las Vegas came to him in a panic requesting a raise.
The guy's adjustable-rate mortgage was about to reset and he was going to be buried by the new payment.
Hirsch, who learned to work with banks during his 18 years in the auto finance industry, did his first loan modification, negotiating a better rate and lower payment for the employee. Hirsch didn't need to give him a raise after all.
Read entire article
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Channel 8 interview with Allison McCarthy |
KLAS, Channel 8 in Las Vegas produced a segment featuring an interview with Ian Hirsch and services provided by Fortress Credit Services.
Click on the images below to watch the segments
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Vegas PBS Recession RX - June 15 |
 The June 15th episode of Recession Rx has in-depth information about aspects of loan modification and features an interview with Ian Hirsch and an actual case study showing an actual homeowner's testimony regarding Fortress Credit Service.
Watch Episode Segment
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Reporter Kim Kang Lan, Las Vegas coverage features Ian Hirsch and Fortress Credit Services.
Read entire article
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A LONG WAY HOME: Getting a loan modification to avoid foreclosure not as easy as advertised |
Despite government efforts, little done to stem rising tide of foreclosures
By Hubble Smith
LAS VEGAS REVIEW-JOURNAL
{article snipped}  Ian Hirsch, director of operations for Fortress Credit Services in Las Vegas, said he spends countless hours on the phone every day negotiating with banks to save his clients from financial ruin. "The financial institutions extract their pound of flesh by making us work for every dime of mortgage modification," Hirsch said. "The reality is the problem with the mortgage crisis is the mortgage itself. The reason we saw a decline in values is because of mortgages that allowed almost fake money, Monopoly money. We had offers at $30,000 over asking price as long as they don't have to put any money down. When you don't have any risk, you don't have any perceived fear of loss." {article snipped}
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Next foreclosure wave building with defaults on fixed-rate loans |
Ian Hirsch was recently interviewed on KSHP radio in Las Vegas. You can listen to the interview below.
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Travails of Fighting Foreclosed Homes in Nevada |
by John Cutts
Real Estate Pro Articles
 The experiences of Ian Hirsch, manager of Fortress Credit Services, as a foreclosure prevention professional and debt adjuster in Las Vegas, illustrate the conditions of foreclosed homes and the difficulties faced by distressed homeowners and debt professionals like him in Las Vegas and in the state of Nevada. Hirsch’s company is one of just two licensed Nevada-based debt adjustment and foreclosure prevention companies in the state. He has ten personnel and has accepted almost 300 clients troubled by the possibility of their houses becoming foreclosed homes. Read entire article at www.realestateproarticles.com |
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By Megan McCloskey
