Mortgage relief scams. Every time there is an economic crisis, the con men come out of the dark. “The secret the credit card companies don’t want you to know!” and so on. I am not writing much for this site these days, concentrating on my original bankruptcy site, and my new site on student loans….
Category Archives: mortgage modification
The Mortgage Industry: The Big Lie
L is for Lie, in the Alphabet Game, blogs by experts across the country on various issues. Scroll to the bottom for more topics. No news to loyal readers: the story about mortgage modifications being told by the mortgage industry is bogus. Gee, why would they lie about this? Hmm. Let’s ponder that one. Well,…
Michigan Mortgage Refinancing
Let’s stroll down memory lane. Mortgage refinancing was all the rage. Home prices kept going up, interest rates were going down, you re-financed periodically to cash in home equity, or, just to get lower monthly payments. Then came 2008 and the bursting of the real estate bubble. Home prices crash, mortgage lending standards return, and,…
Can You Re-Finance Your Mortgage Without An Attorney?
Instead of “Guest Host”, we have a Guest Post. Those of my generation will remember Jay Leno got his Tonite Show start as a guest host for Johnny Carson. Today, I welcome Paris Mitchell as guest poster. Let me know what you think? If you are frantically looking for a way to trim down your…
Big Banks Helped, Consumers Screwed
Did you know we lend money to the big banks for nearly nothing? And the big banks turn around and buy 10 year Federal treasury bonds that yield about 3.5%? Do you think you could make money doing this? Yes, no insult to you, but you can train a chimp to do this. So,…
Who Gets A Loan When Needed?
How are you doing with that loan modification you requested last year? How is that big bank treating you? Are they sympathetic to your financial difficulties? Willing to lower your interest rate? Help you through these tough times? Yeah, right. Hey, its the real world, deal with it, nobody helps them out, right? Those poor…
Politician Gets Mortgage Modification
I have been blogging for a long time about how difficult it is for my clients to get mortgage modifications, how the mortgage companies don’t answer questions, lose paperwork, give trial modifications that last forever only to be denied for no reason. Well, get this: the Arizona state senate passed a bill, 28-2, that would…
The Truth About Mortgage Modifications
A client, who works for one of the big mortgage companies, told me they really do not have a modification department, just a place where a bunch of faxes land. Which jives with everything I hear. He mentioned one of the big problems with the HAMP program. To be eligible, your loan has to…
Truth And Lies About The Foreclosure Crisis
(image from Bank of America complaint site) Rumor is the mortgage industry has been offered $20 billion to get out of the mortgage fraud mess they created. Offered by whom? Why, the captive regulatory agencies, which were either (1) incompetently asleep at the wheel while the looting went on, or (2) have been bought off….
Mortgage Modification Company – Help Or Scam?
Do not fall for the con. Con, short for confidence, as a con man first has to get your confidence before ripping you off is possible. Warning letters have been by the federal government to 71 companies, plus the following actions: Federal Loan Modification Center, bailout.hud-gov.us, and Home Assure d/b/a Expert Foreclosure, bringing to 11…
