How to Cut Your Monthly Payment by Over 50%

Ms Nguyen approached us with a problem. She couldn't afford the mortgage payments anymore. The $4000 a month payment (with taxes and insurance) is eating her alive. On top of that her house has dropped in value to basically HALF of what she owes.

We handled her foreclosure and defended it in court.

We audited her mortgage documents. Our lawyer defended her case in court. We performed securitization audit. Once the case is in court, her lender became more amenable to negotiations. The result of our negotiation is a MODIFIED LOAN with the following terms:

1) Reduction of her principal balance from $537,000 down to $222,000!
2) Reduction of interest rate from 7% down to 2.0001%; and
3) Lastly, these 2 things resulted in a reduction of her monthly house payment down to $1,750 a month!

Skeptical? I took a screen shot of the document of the modified loan from the bank after we did our FORECLOSURE LEGAL DEFENSETM. For more information, call 1-877-9KEEPHOME.

What to Do With Vacation Home in Foreclosure

Stories of People Who Stopped their Foreclosure and Saved their Homes

What if...
1) We can get your mortgage loan balance to be reduced;
2) We can get your interest rate to be cut down so you can afford the monthly payment on your home; and
3) We can help you save and keep your home?

Skeptical?

Here are stories of people whom we have helped in stopping their foreclosures:

Read This if You Own a Rental Property in Foreclosure

If you have a property that you are not living in or wish to move out of, my company, Home Loan Management Solutions, LLC offers our FORECLOSURE WALK AWAY^TM program which costs you nothing out of pocket!

To qualify for the FORECLOSURE WALK AWAY^TM program, your property must be in move-in condition.  Approval is subject to a property inspection by an authorized representative of Home Loan Management Solutions, LLC. Call us so we can find out if your property qualifies. Here's our phone number: 630-968-2120

If you have a tenant in the property, we may work with your existing tenant.

The goal of the FORECLOSURE WALK AWAY^TM is to force a settlement with the bank by putting the bank into a position where it cannot foreclose and holding it accountable for documented violations of federal lending laws.

Does Self Defense Make Sense?

The answer to the question is of course "YES". I know Judo (martial art) and I know how to shoot a gun. I hope that I will never use these "self-defense" know-how but if I'm in a situation where I need to use them, I will. Why? I want to defend myself from bad people who are out there. These people violate people's trust and disrupt their way of life.

From a MORAL standpoint, it's NOT bad to defend oneself if and when the situation demands it.

In the same manner...banks have VIOLATED people's trust and have caused irreparable harm. They are foreclosing on you and you should FIGHT BACK and DEFEND yourself. There is NOTHING MORALLY WRONG in defending yourself legally from your lender.

We can help defend you. How?

Good News: The Government Is Sometimes on YOUR Side

The good news for homeowners is that banks and lenders are governed by various Federal Lending Laws such as the Truth in Lending Act, the Real Estate Settlement Procedures Act, and the Home Ownership and Equity Protection Act.

To read the Truth in Lending Act (TILA) go here:

http://www.fdic.gov/regulations/laws/rules/6500-1400.html

To read the Real Estate Settlement Procedures Act (RESPA), go here:

http://www.fdic.gov/regulations/laws/rules/6500-2530.html

To read the Home Ownership and Equity Protection Act (HOEPA), go here:

http://apps.americanbar.org/buslaw/committees/CL130000pub/newsletter/200708/natter.pdf

These three laws are KEY.  These Federal Laws dictate the disclosures that lenders are required to provide, the accounting that lenders are required to provide, and contain other measures that are designed to protect people from predatory lending practices.

Bank of America Sues Itself for Foreclosure

I saw this news article from http://disinfo.com/ - a great website for finding news that are hard to believe but true. I cannot believe it myself but this goes to show how stupid banks are.

"In the latest phase of the foreclosure crisis, our nation’s biggest banks have reached a Zen-like state in which they resemble snakes eating their own tails, reports Forbes:

Here’s a sign of just how big and messy the foreclosure problem is: Bank of America has sued itself at least nine times in April.
That’s what lawyer and fraud expert Lynn Szymoniak discovered recently during a search for foreclosure filings in Palm Beach county Florida.”There are likely at least 100 examples of the same thing happening across the state,” Szymoniak says. “The company is literally seeking damages from itself in order to foreclose on the condo owner.”
“We are servicing the first mortgage on behalf of an investor and we own the second mortgage,” said Bank of America spokeswoman Jumana Bauwens [in regards to one case]."

Here's the copy of the foreclosure lawsuit:

Maybe your bank is stupid too...and it has no right to foreclose on you. To find out how smart or stupid your bank is, call our office at 1-877-9KEEPHOME so we can give your bank an IQ test (mortgage audit).

Have YOU Received Your Bailout from Obama Yet?

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 making $14 an hour being given a $750,000 mortgage!  This is but one of many examples. 

More Foreclosure Cases Deemed VOID and ILLEGAL

There are many foreclosure cases that have been deemed void and ILLEGAL. Why? There are 2 reasons:

1)  The lender cannot even produce the NOTE; and
2)  The lender has committed mortgage fraud and violations (I will discuss what this is in my next blog post)

There is a good chance that your lender has NO right to foreclose on you. Why not find that out for free? Call our office at 1-877-9KEEPHOME NOW. You have nothing to lose. You might even keep your home and stop your foreclosure.

Here are the links to foreclosure cases thrown out of court, deemed illegal and void:

The Securitization of Mortgages and Why Does it Matter to You

It used to be that when a person took out a mortgage, it was with their local bank.  The bank funded the mortgage (although with money created from thin air – but that’s another story).  The bank held the mortgage and note (the note is the promise to pay and the mortgage is the instrument that pledges the house as collateral for the note) and the person made their payments to the bank.  There was a connection and usually a relationship between the person making the payments and the financial institution receiving the payments.

All of that changed with the advent of securitization in the 1990s.  Through the process of securitization, banks could move mortgage loans off their books so they could make more mortgage loans and make huge fees doing so.

Wall Street came up with the idea of buying mortgages and notes, bundling them by the thousands into Special Purpose Financing Vehicles known as Collateralized Debt Obligations from which they could sell bonds to big time investors such as pension plans and make a lot of money doing so.  These bonds are known as Mortgage Backed Securities – thus the description of the process is called securitization.

If Your Lender Does NOT Have the Right to Foreclose, Now What?

In my blog post yesterday, I featured a video that shows that most banks in a lot of cases cannot prove they have the right to foreclose. Why? Because they cannot even produce the NOTE. By foreclosing on homeowners without the NOTE, they are doing something ILLEGAL.

Your situation might be the same. Your bank might be pulling a trick on you and committing FRAUD. You need to do a FORENSIC MORTGAGE AUDIT to find out if your bank has the right to foreclose.

The problem with most homeowners is that they only do something until it's TOO LATE. Even if you have not paid your mortgage payments, you still have RIGHTS and you have to fight for those rights. Chances are good too that your bank has already profitted from your mortgage anyway. They have sold your loan together with tons of loans out there...for 2 times to even 3 times their face value.

I will explain how they did this in a subsequent blog post.

For now, it makes sense for you to defend yourself in court against your lender foreclosing on you. This has been done before. Yes, actual foreclosures have been STOPPED and have been thrown in court. This means the foreclosure is deemed VOID and ILLEGAL.

If you don't believe it, here are several foreclosure cases that have been deemed void and illegal:

http://www.foreclosurelegaldefense.com/documents/judges_overturn_foreclosure_lack_mortg_assign.pdf

http://www.foreclosurelegaldefense.com/documents/americanbrokers_vs_zamalloa.pdf

http://www.foreclosurelegaldefense.com/documents/bankofny_vs_orosco.pdf

I will be featuring more actual legal cases in this blog.

So the question now is...what about YOUR loan? Can your lender produce the NOTE? Can they prove they can FORECLOSE on you? To find out, call our office at 1-877-9KEEPHOME for a FREE mortgage audit so we can find out if your bank has the right to foreclose. If they DON'T, we can connect you to a lawyer who will help you sue your bank and fight your foreclosure in court.

Call our office NOW or put your contact information here so we can call you.

Banks Usually Cannot Prove they Can Foreclose On You

That's a provocative title but it's absolutely TRUE: A lot of banks cannot prove they have the right to foreclose on you. Why? They cannot even produce the NOTE.

You don't believe me?

Watch this news report from CNN:

Foreclosure Process in Illinois

The following is meant to acquaint you with the process of foreclosure as it occurs in the state of Illinois.  This is general information only and MAY OR MAY NOT directly apply to your specific situation.  Nor is the information provided intended to be comprehensive but is simply an overview of the Illinois foreclosure timeline.

According to Realty Trac, ILLINOIS HAS THE 4^TH HIGHEST NUMBER OF FORECLOSURES IN THE NATION.

The good news is that Illinois is what is known as a JUDICIAL STATE.  Unlike non-judicial states, the lender must go to court and get a judge’s permission to foreclose on a homeowner.  This provides an opportunity to fight and STOP THE FORECLOSURE!

Usually after the third missed mortgage payment, the loan is sent to the lender's attorney for foreclosure. A foreclosure lawsuit is filed to end your mortgage and take away your house. The Foreclosure Complaint is filed in court and the summons is ready for service. Service is accomplished when the legal papers are delivered to the homeowner. If the homeowner cannot be located in person, they can be served by the publishing of a notice in the newspaper.

Shortsales Fall Short

Another route people will sometimes take when facing foreclosure is doing a “short sale”.  A short sale means that you sell your house for the current market value which is less than you owe on the house and you get your lender to agree to it and take the lesser amount. 

Often people facing foreclosure will consult a realtor, perhaps the very one who sold them the home they are living in, and the realtor will recommend a short sale.

Realtors usually recommend short sales for two reasons:

1)     That’s what they know;

2)     And they make a commission when they short sell your house!

However, what they don’t often say is that they are severe consequences to short selling your home:

Bankruptcy - Does It Really Stop Foreclosure?

One of the most common actions taken in an attempt to stop a foreclosure is the filing of bankruptcy.  Many attorneys recommend bankruptcy when facing foreclosure.  And while it’s true that a bankruptcy filing will stop an impending foreclosure, the halting of the foreclosure is OFTEN ONLY TEMPORARY.  

The result is that bankruptcy ends up often ONLY DELAYING FORECLOSURE rather than actually stopping it.

An Ugly Truth Banks Don't Want YOU to Know

The biggest reason that loan mods are virtually never granted is that the so called “lender” is actually only a servicer of the loan and not the true holder of the note.  We’re going to talk about this in more detail in a subsequent blog post but knowing that this is true in 80 to 90% of all mortgages (originated or refinanced from 2000 to 2009) can save homeowners a lot of heartache.

What we see so often is homeowners trusting in the “nice people” in the loan mod department who are “working hard” to push the loan mod through.  However, they just need more information or they lost what was already sent them or there are further questions that need answering, and so forth.  THERE ARE USUALLY DELAYING TACTICS ON THE PART OF THE BANK.

Loan Modification Sucks

Homeowners believe that their bank has their best interests at heart.  They believe the people in the loan mod department with the bank that tell them that their loan mod is “in process” and with just a little more information, the loan mod will be granted.

IT IS A LIE!!  THERE WILL MOST LIKELY BE NO LOAN MOD!!

Our experience and the experience of others in this field show that the VAST MAJORITY OF LOAN MODS ARE DENIED!