This is another example of the need to determine exactly where you mortgage loan resides. If you used to be with a mortgage company that no longer exists or filed bankruptcy than it is very likley your tax dollars have bailed out your mortgage. While this is more funny than helpful, this Bloomberg article points [...]
You are not in default. Freddie Mac is making your payments!
May 7, 2010 By Leave a Comment
Yes it is true. I have seen it with my own eyes and IN WRITING. In our office we have on record a statement from Freddie Mac, which they submitted to the courts, that “Freddie Mac has made all relevant and required payments to the investors on behalf of the borrowers.” Did you catch that?!?! Yes, Freddie Mac acting as the [...]
Fannie Mae requiring borrower to be more credit worthy. Say it isn’t so!
May 5, 2010 By Leave a Comment
Citing the need to protect borrowers from mortgage payments that potentially balloon out of control, Fannie Mae is putting forward new standards for the purchase and securitization of adjustable-rate mortgage (ARM) products. Why stop now? You have unlimited U.S. taxpayer money. Everyone NEEDS to have a home. More loans, more loans, more loans. A mortgage [...]
Should I try a short sale, file bankruptcy, or both?
May 4, 2010 By Leave a Comment
This is a common question posed to us. Can I do a short sale AND a bankruptcy. The answer is yes, BUT. Below is a short article by a Boston BK attorney who I think does a decent job of explaining both options. That said, I think that way too often homeowners jump right to the [...]
No Trust in the Trustee – Rigging foreclosure auctions for profit
May 3, 2010 By Leave a Comment
“There is no trust in this business” said the foreclosure trustee. Scary huh? This isn’t some fictional story. This is real life in Harris County, Houston, Texas. Recently, members of our team confronted the Trustee that was about to auction off the homestead of one of our clients. In our hand was the Temporary Restraining [...]
IndyMac is a shady operation – HAMP, we don’t need no stinking HAMP
May 2, 2010 By Leave a Comment
IndyMac is a shady operation. One of our staff used to be on the inside working against homeowners but (in my words…turned his life around) and now battles for home owners. He tells tales of “being trained” on programs like HAMP and seeing blacked out sections. When he asked why IndyMac (now OneWest) redacted [...]
Will the SEC vs Goldman suit help with my loan?
April 26, 2010 By 2 Comments
This lawsuit reveals to the public what many of us have been saying for the last few years. Finally, in the main headlines of the major news outlets can homeowners can read for themselves the fraud perpetrated on investors and clients of banks such as Goldman. If these crooks would deceive their own clients imagine the [...]
