Testimony that the Banks want your Home for Free
These guys (banking lobbyists) are coming in two, three, four times a day. They’ve got their position papers, and they just keep slamming in the same direction over and over and over. And people that want to advocate for American families, that want some changes, or want to level the playing field just don’t have that kind of lobbying power.
Read MoreA Perfect Story on How to Scuttle a Perfect Short Sale
Yet another story of a frustrated short sale transaction. This one shows in a concise way how to deep-six a perfectly straight forward short sale that benefits seller, buyer, and lender. The foul-up? Involving a well-intentioned but hog-tied real estate agent.
Read MoreWhy a Professional Short Sale Negotiator is better than a Listing Realtor
Overall, this is a really good article on accomplishing a successful short sale on your property. There is one glaring mistake, but considering the source, easily understandable. Articles that feature ‘five easy answers’ are always attractive. Here are comments and corrections.
Read MoreUS House Of Representatives to hold hearings on the failure of HAMP
This is a copy of a letter I mailed to The Honorable Ed Perlmutter who is the only US House of Representives rep from Colorado sitting on the House Committee on Financial Services. They will hold hearings on the abject failure of the Home Affordable Mortgage Plan.
Read MoreStrategic Default OK for Mortgage Banker’s Association, but not for you
Again we read the guilt trip that the mortgage industry places on distressed homeowners when dealing with their distressed mortgage. But it’s OK and even advisable for the corporations to walk away from their obligations. I’ve written about this before, but when the Mortgage Banker’s Association double deals, this is just too juicy to publicize.
Read MoreStop the FTC before they do something stupid
I have written twice already about the incredibly ill-advised notion of the Federal Trade Commission (FTC) to consider the elimination of ‘Up-front fees’ of mortgage modification firms. The FTC simply must be stopped before they do this profoundly ill-conceived action.
Read MoreThe FTC is a patsy of the US Banking Cartel
The news has been awash with reports of scammers promising distressed homeowners a mortgage modification, taking payments, and then not performing. Everyone should notice that no facts and figures about scammers vs. successful negotiators are ever forthcoming. Why? Because it is in the banks’ best interest to scuttle the Home Affordable Mortgage Plan (HAMP) and turn public opinion against it. The FTC is playing into the hands of the bankers. They are doing exactly what the bankers want.
Read MoreFTC doesn’t get it – Mortgage Modifications and Short Sales demand attorney assistance
Increasing pressure on the Federal Government to control mortgage modification firms has encouraged the Federal Trade Commission to recommend not allowing up-front fees for professional mortgage modification negotiations. Because of the highly publicized failure of many companies to perform promised mortgage modifications, this would seem to be a great idea. As ususal, hasty and knee-jerk reactions to those few ill-prepared companies, or just plain crooks, will further hamper what is an overall well-intentioned industry.
Read MoreWhy Get a Mortgage Modification Attorney?
Any distressed homeowner that can’t afford their mortgage payments needs a lawyer. Assuming the reader is here for mortgage modification or short sale research, take the advice of a non-vested expert in obtaining a beneficial, affordable mortgage modification.
Read MoreDelay a short sale on the cheap, or get it done today
After ten months of of the Home Affordable Mortgage Plan, or HAMP, the rules for applying for a mortgage short sale now duplicate the mortgage modification process. One glaring fact remains however. Whether a mortgage modification or a short sale, the chances of a distressed homeowner obtaining a timely and beneficial mortgage solution are slim and none without professional assistance.
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