Due to the “mortgage frenzy” that occurred between roughly between 2003 – 2008, there may be irregularities, defects and even illegality with regards to the solicitation, and underwriting of your mortgage, as well as the mortgage note itself. It is precisely for this reason that when confronted with the threat of foreclosure on your home, […]
The Myth of Loan Mod’s Exposed (Neil Garfield’s Living Lies) 12/19/2009 “Kudos to investigative journalist Kevin Hall with McClatchy Newspapers for inserting himself into the so called “loan modification” process and exposing the farce that is being perpetrated on the American public in the article below. Why is this happening? Pretty simple, two reasons, first […]
Once I Receive a Notice of Foreclosure, What Are My Next Steps? You suffer some type of setback (divorce, etc.) or your adjustable rate mortgage has just increased to the point that you will have great difficulty making future payments on time, what do you do? (See Foreclosure F.A.Q. for further frequently asked questions) Take […]
Securitization Makes the Process of Litigating Predatory Lending More Costly for Consumers A critique of the effect of securitization lies in the impact it has on civil procedure. Discovery, negotiation, and litigation in general is more expensive for consumers with securitized loans than it is for loans funded by the traditional secondary market. Legal scholars […]
The Process While most people just view taking out a mortgage as a simple credit transaction, nothing could be further from the truth. If your mortgage has been securitized, technically you are actually an issuer of an unregulated security in a highly complex structured financial transaction In fact, it is my theory that during the period of time roughly […]