Here’s a great interview about a story that aired on 60 minutes regarding the illegal practices around securitization of mortgages. That is just a fancy word surrounding the question of “Who Owns My Loan?” We have many strategies for filing counterclaims against the bank based on securitization issues which they talk about in this video. Basically, if a bank cannot prove that you owe them money, how can they foreclose. Simple. Many cases have been settled and won by simply asking the bank to “Produce The Note.” In many cases, not only do the banks not have any standing or right to foreclose, but they have no idea who does. That’s how messy the process was and it’s almost hard to believe that this could actually happen.
90% of homeowners facing foreclosure do nothing and let the bank “Have Their Way” with them and control the process.
Do something. Do not depend on the bank or the government to provide a solution or you will risk becoming another “Statistic.”
You may be facing some kind of hardship and think that you are not in control but you CAN control the process with the help of proper representation.
As soon as you are in default of your mortgage, you immediately have an adversarial relationship with your lender. They are taking legal action against you and are armed with an army of attorneys.
Here To Help,