My Bank Just Won’t Listen To Me...

You have been on the phone with your lender a hundred times. You have submitted your paperwork and the bank has lost it a dozen times. You finally get a trial payment program for three months then they tell you… sorry you don’t qualify! Sound about right? It’s all over the media… banks are not helping homeowners!

Banks Aren't Doing Enough To Help Homeowners - by Kevin Chiu - NuWire Investor

Treasury Secretary Tim Geithner is taking unresponsive banks to task as mortgage modification plans have fallen short of White House expectations, perhaps signaling that stronger pressure on banks is forthcoming. Meanwhile, a new round of loan defaults could be in store as trading of potentially troubled securities continues.

What Most People Don’t Realize Is That You Just Paid For Your Own Demise, Those Three Months Just Paid For The Bank To Foreclosure And Throw You And Your Family On The Street...

You need to know the motivations of the lenders. In the current market, homes are not selling, or selling for far less than they might be worth. Lenders are not as anxious to take on more inventories they know they can’t sell, or must sell under market value; it’s a bad reflection on their bottom line and exposes just how broke they really are. So, if you are causing them trouble by defending your home, they are not as interested in most cases in fighting vigorously with you to get your home. And 99% of the attorneys who file the foreclosures to begin with are not prepared to deal with knowledgable consumers. They don't know how to defend against those of us who understand UCC (Uniform Commercial Code), TILA (Truth In Lending Act), RESPA (Real Estate Settlement Procedures Act), and other State and Federal laws, along with not being afraid of them (attorney's).

On the other hand, servicers make more money while your home is in foreclosure from the lenders than if you were making timely payments. They would rather drag it out, it just more profit for them. Why do you think your mortgage has been sold or transferred even while it’s in foreclosure, because they are still making money! Don't believe me, read this article from the New York Times that exposes these crooks.

Lucrative Fees May Deter Efforts to Alter Loans - by Peter S. Goodman - The New York Times

This week, the Obama administration summoned mortgage company executives to Washington to demand they move faster to lower payments for homeowners sliding toward foreclosure. Treasury officials called on the companies to hire and train more people quickly to field applications for relief.

But industry insiders and legal experts say the limited capacity of mortgage companies is not the primary factor impeding the government’s $75 billion program to prevent foreclosures. Instead, it is that many mortgage companies are reluctant to give strapped homeowners a break because the companies collect lucrative fees on delinquent loans.

Even when borrowers stop paying, mortgage companies that service the loans collect fees out of the proceeds when homes are ultimately sold in foreclosure. So the longer borrowers remain delinquent, the greater the opportunities for these mortgage companies to extract revenue — fees for insurance, appraisals, title searches and legal services.

Our members who we help fighting back have been in their homes for years. In some cases, the foreclosure has gone into a “dormant” state with the lenders doing nothing for a long period of time. After a 5 year period, the homeowner can possibly clear the title on the home and own it free and clear. Yes this has happened more times than you know. The banks don’t want media attention so you don’t hear about it very often! Our system will walk you from the beginning to the end of the process an easy step by step process, while you make MONEY!

The facts remain that most of the banks or trusts bringing the foreclosure actions forward do not have the legal right to do so. In most cases it’s the servicer, a trustee, or an appointed trustee for a securitized pool of mortgages.

The facts remain that the burden of proof is on the bank and not the homeowner. This is rather difficult for most to prove to say the least.

With Our Proven System, The Bank Cannot Proceed With The Foreclosure....

In most foreclosure cases, there are defenses which will buy you considerable time. By using our proven system, you put the banks on the defensive and they cannot proceed with the foreclosure until they settle with you. In many cases, you will come to a favorable agreement. In other words, you make the bank see things your way!