Foreclosure

In 2010, Foreclosures began getting  major news coverage. Mistakes were made and people were being evicted from their homes unlawfully. Houses were foreclosed on that were payed for, homes that were up to date and banks were even creating fake documents to try and cover up these mistakes. It was a hard time for home owners. Then the robo signing catastrophe finally gave weigh and the roof came tumbling down. Lenders were giving loans to people that couldn't afford the mortgage and didn't qualify for the loans in the first place.  anyone could've been a homeowner. what the banks were doing was predatory, allowing people to get these loans under false pretenses and creating fake documents to support the fraudulence.  In many cases, they wouldn't be under a conventional loan, they would do a 5/1 ARM. In this case you would have a fixed rate for 5 years and then on the sixth year, the rate would become adjustable. these kinds of loans are good when a person doesn't plan on staying in the home for very long. In many cases you will see that the ARM mortgages are interest only, and when the sixth year comes you haven't even made any payment to the mortgage, and when the interest rate doubles you are paying twice your payment. So people have been defaulting the lenders are foreclosing, and auctioning for little to nothing, going after deficiencies, and then doing the same thing all over over again for the next buyer.



Loan Modifications should not be as hard as they are. We as homeowners should not be facing the difficulties that we are facing to get into loan modification programs. With mortgage lenders acting more as debt collectors than  servicers, some one needs to jump out of their shell and just see what can be done about this.

According to www.realtytrac.com, 1 in every 698 homes are being foreclosed on.

With rates like these and with the “Bait and Switch” doing as much damage now as it was before the law suites, people need as much help as possible. That is what I am here for. I have seen all of the horror stories that you can imagine and it makes me sad.

With that, I give you Your Loan Modified. I am going to make sure that you have the tools and the knowledge to modify your mortgage rate, defer your late payments, and to reduce the monthly payments.