Does The Government Really want to clean up this mess?
Here is a welldone youtube video see his not below the video. It makes sense to me. This has been fishy from the getgo
The homeowner is the one who loses all the way. Something has to be done to stop all this. He is right on the video when he says it makes your blood boil. Let's do something about this
I found this on Facebook this morning. Hi folks: Check out the link below. This is a very good summary as to why banks would rather short-sale a property or foreclose altogether vs. trying to help people keep their homes by modifying their loans. Many homeowners seeking to save their homes from foreclosure are intentionally being ignored and given constant runaround in order to enable the investor to acquire a family's home via foreclosure proceedings. This enables the investor to make even more profit from their actions with intentions of seeking surplus reimbursements by a variety of means (such as seeking bail out money, getting paid by (MI) mortgage insurance claims, deficiency judgments against the homeowner, requiring promissory notes, etc.) And, if you have any equity in your home and the bank forecloses, guess who gets that money as well? http://www.youtube.com/watch?v=ssl5yb7FewA All the Best, Rick D. Misitano, Senior Paralegal Law Offices of James M. Bosco
