In any contractual situation, full disclosure, fair dealing, and a” meeting of the minds” is required for a valid and enforceable agreement.
All of these required elements are MISSING in most of the home loans originated or refinanced between 2000 and 2009.
So often we speak with people that just want to “pay their mortgage” and are hoping that their foreclosure problem will magically go away. IT WON’T!
People often operate with the FALSE assumption that their “lender” in interested in working with them and has their best interest at heart. While this is certainly the message the “lender” attempts to communicate, IT IS UNTRUE!
THE “LENDER” IS MOTIVATED STRICTLY BY PROFIT AND WILL LIE, CHEAT, AND STEAL TO INCREASE PROFITS!!
In this whole mortgage mess, many people were given loans that were never intended to be paid back. They were given so called “liars loans” because no documentation or verification of income was required. We read about a strawberry picker in California
