Foreclosure Help – How to Stop a Foreclosure Dead in Its Tracks.

Facing foreclosure is extremely stressful.  Time is not on your side and you need to take action fast.  There’s lot’s of options out there and it’s hard to know who to listen to, who is right, who is blowing you smoke.

Should you do a short sale?  Continue to work with your lender to get a loan mod (even though you’ve tried several times without success)?

Declare bankruptcy?

We are a consumer advocacy group whose mission is to foreclosure help experienced by homeowners by arming them with information to help them stop the foreclosure process.

First thing you need to decide and know is whether you are in a Judicial or a Non-Judicial State.  Procedures are different depending on what State your property is in.

Next, you will need to determine what you want to do…whether you want to keep your home or sell it?  I am going to presume that you will want to keep your home…and more importantly, you have some sort of income to be able to stay in your home.

The next thing you will need to understand is about bank fraud.  Yep.  As unbelievable as this sounds, banks are openly committing fraud to steal people’s house.  Here’s the deal in a nutshell.  Let me explain using an example.

Let’s say I sell you a car and loaned you the money.  You sign a promissory note to me.  I then take that note, and sold it to someone else and got paid in cash (in full) for the note.  I then ask you to continue to make payments to me…and I just forward the payments to the new buyer.

So, here’s a few questions to see if you are awake:

  1. Can I modify the terms of the loan with you? (Hint: I’ve already sold the loan to someone else.)
  2. Do you owe me any money?
  3. Can I repo your car? (hint: I don’t own the title to the promissory note any more)

This process is known as securitization.  It’s happened to millions and millions of loans around the country, and most likely, your loan is also securitized.  This is why it is SO HARD TO GET A LOAN MODIFICATION from your lender.  Your “lender” is not a lender at all.  They DON’T OWN THE NOTE ANYMORE.   They are a servicer.  A servicer can not negotiate a loan modification.  However, they represent to the world as if they are the “lender” and cooers you into doing a “loan mod” with them.

Help Foreclosure

Our mission is to educate homeowners and expose this fraud.  We help foreclosure homeowners fight and negotiate a better deal, and obtain loan modifications but on better terms.  You see, the bank does not want you to know this stuff, and if you show them that you know their dirty little secrets, then they are more likely to bend over backwards to actually give you a loan modification.  We would like to show you how to do this.

If this is intriguing to you and you want to learn more and get FREE help dealing with your foreclosure, then click on the link below.

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Disclaimer: This is for educational purposes only.  You are to seek competent legal advice from a professional.  Nothing on this site can be construed as legal advice.

david nguyen

Justine Nguyen

Hi,

My house was foreclosed on Feb 10, 2011. I’ve written to ASC as the servicer for the original note and also the name and contact information of the investor who hold my note. They sent back a ‘copy’ of the note, saying that they do not hold the original. MERS was also the nominee after my loan was funded. After that, it was securitized and sold like all others.

My main question is: now that I already lost the house. What would be the steps for me to ask the ex-investor to provide me the original note? The original lender that my loan was funded went out of business years ago.

thank you.

Admin

 Hi JustinePlease take a look at this page which explains the Wrongful Foreclosure Action for after the fact.http://www.consumerdefenseprograms.com/coaching-program/wrongful-foreclosure-defense/Thank you.