Before you allow a foreclosure, ask three magic words of your lender ...
PRODUCE THE NOTE
You have a legal right to have a copy of your deed with a lien attached to it and see it along with the supporting documents. Many homeowners are now insisting on this. If the mortgage company refuses go to your local court house, you don't need a lawyer, and file a document to get one. Because these banks and mortgage companies package mortgages in bundles and sold them and then they were resold over and over again, the paperwork may not be there and without it they cannot foreclose. This tactic is working in many states and judges are telling mortgage companies produce the paperwork or don't foreclose. This is NOT an out for you the borrower, you the owe the mortgage and they will eventually catch up to you but it may buy you the time you need.
On the day that the Obama administration begins implementing a new program to fight home foreclosures, a new national poll suggests that most Americans think the plan is unfair to those who pay their mortgages on time.
Sixty-four percent of those questioned feel the Obama administration program is unfair to those who pay their mortgages on time. Only 28 percent say that the president's $75 billion plan is fair. More details on the program, which is aimed at helping up to nine million borrowers stay in their homes using refinanced mortgages or modified loans, were released Wednesday.
Many realtors are ethical and easy going honest people. Sounds like you tried and couldn,t and are mad about it. Maybe you need to be honest with yourself, and just get a life and let go of the hurt and resentment and move on. I know this will not make it to "your site". Just thought I'd get to the truth with.....YOU!!!!
If you are in LA, try this dimwit to increase your purchase price and mess up the purchasing process: Nayu Bolanos at nayu4homes@sbcglobal.net. Most sales professionals change with market conditions, why can't realtors? Oh, her daughter Jasmine is a mortgage broker and will be more than happy to charge you for multiple points if you are a complete idiot. They are both trailer SCUM.
Without a Realtor many buyers would be facing foreclosure just a few short years down the road. They would not have the $20k + needed to fix a home that has cracked in half and is falling away at both sides. but because they used a Realtor, they are in a nice home where they can raise their family because they got a home inspection at the assistance of their realtor. They $3000 in commission that was paid in the transaction was much less than the costs incurred with losing their first dream home.many more great scenarios like these. What about the one where the Realtor tells the buyer about a grant that reduced his mortgage note by $39000 at closing? That's a good one too.
As a Realtor, I would like to tell everyone here that I am sorry on behalf of all good Realtors everywhere. Obviously, you've all had a really unpleasant experience with someone in our industry, and had expectations that were not met. There are many of us out there who genuinely care and want the best for our clients, and it hurts us to hear these stories. If anything good has come from this current situation, it is that many less-than-professional agents have been "weeded out," if you will. I hope that all of you have the best of luck and great experiences in the future, whether you are buying or selling your homes. :)
Before you allow a foreclosure, ask three magic words of your lender ...
ReplyDeletePRODUCE THE NOTE
You have a legal right to have a copy of your deed with a lien attached to it and see it along with the supporting documents.
Many homeowners are now insisting on this.
If the mortgage company refuses go to your local court house, you don't need a lawyer, and file a document to get one.
Because these banks and mortgage companies package mortgages in bundles and sold them and then they were resold over and over again, the paperwork may not be there and without it they cannot foreclose.
This tactic is working in many states and judges are telling mortgage companies produce the paperwork or don't foreclose.
This is NOT an out for you the borrower, you the owe the mortgage and they will eventually catch up to you but it may buy you the time you need.
As of January 31 2009 mortgage foreclosures reached 9,000 per day across the USA.
ReplyDeleteHilarious picture. Something tells me that won't help the sale.
ReplyDeleteHome prices plunged 18% in 4Q, the biggest drop in 21 years
ReplyDeleteOn the day that the Obama administration begins implementing a new program to fight home foreclosures, a new national poll suggests that most Americans think the plan is unfair to those who pay their mortgages on time.
ReplyDeleteSixty-four percent of those questioned feel the Obama administration program is unfair to those who pay their mortgages on time. Only 28 percent say that the president's $75 billion plan is fair. More details on the program, which is aimed at helping up to nine million borrowers stay in their homes using refinanced mortgages or modified loans, were released Wednesday.
Former KB Home CEO indicted on multiple counts of fraud
ReplyDeleteMike Watson
ReplyDeleteregister@mikewatsoninvesting.com
Low life spamming turd Realtor who claims to be an exert in foreclosures.
You want to buy a foreclosed property contact your local bank or go to an auction.
YOU DONT NEED NO STINKING REALTOR SCUM to screw up everything!
Homes Given Away
ReplyDeleteHomesGivenAway146644@shalltres.net
another con artist useless spamming low life ass wipe Realtor!
Again people, NEVER buy anything, use any service you receive in an email, EVER!!!!!
Talking about useless ass realtor spammers, here is one....
ReplyDeleteTodd Bates
his email address is:
todd@1500-Leads.com
The other poster was right, never purchase any service or item through an email offer (spam).
Spammers are total losers.
U.S. home prices tumbled a record 19 percent in January 2009.
ReplyDeleteMany realtors are ethical and easy going honest people. Sounds like you tried and couldn,t and are mad about it. Maybe you need to be honest with yourself, and just get a life and let go of the hurt and resentment and move on. I know this will not make it to "your site". Just thought I'd get to the truth with.....YOU!!!!
ReplyDeleteIf you are in LA, try this dimwit to increase your purchase price and mess up the purchasing process:
ReplyDeleteNayu Bolanos at nayu4homes@sbcglobal.net. Most sales professionals change with market conditions, why can't realtors? Oh, her daughter Jasmine is a mortgage broker and will be more than happy to charge you for multiple points if you are a complete idiot. They are both trailer SCUM.
Without a Realtor many buyers would be facing foreclosure just a few short years down the road. They would not have the $20k + needed to fix a home that has cracked in half and is falling away at both sides. but because they used a Realtor, they are in a nice home where they can raise their family because they got a home inspection at the assistance of their realtor. They $3000 in commission that was paid in the transaction was much less than the costs incurred with losing their first dream home.many more great scenarios like these. What about the one where the Realtor tells the buyer about a grant that reduced his mortgage note by $39000 at closing? That's a good one too.
ReplyDeleteAs a Realtor, I would like to tell everyone here that I am sorry on behalf of all good Realtors everywhere. Obviously, you've all had a really unpleasant experience with someone in our industry, and had expectations that were not met. There are many of us out there who genuinely care and want the best for our clients, and it hurts us to hear these stories. If anything good has come from this current situation, it is that many less-than-professional agents have been "weeded out," if you will. I hope that all of you have the best of luck and great experiences in the future, whether you are buying or selling your homes. :)
ReplyDeleteThis is a hilarious photo. How did they want to buy this is if the message in is like that.
ReplyDeleteAngelo H