Friday, Dec 07, 2007
US Mortgage freeze is a political joke
Portfolio.com: Why Lenders Love the Mortgage-Freeze Plan
"If you have good credit and are current on your mortgage, you're not eligible for the freeze. If you have bad credit and you are behind on your mortgage, you're not eligible for the freeze. The only way that you can be eligible for the freeze is if you have bad credit and you're current on your mortgage, and it will reset to a higher rate after January 1, and your mortgage servicer determines that you won't be able to make your mortgage payments after they reset."
Posted by happyrenterz @ 12:32 PM (313 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. Cstanhope707 said...
Well what do you know George Bush embrasses Socialism by rewarding failure with Taxpayers money!!!!
Imorral Stupid and Corrupt!!!!
2. Pat said...
We have a solution that the consumer can even do themselves and save thousands or opt in for non profit groups or attorneys to assits them.
STEP ONE
Create Free Web Account
Web Software Determines Qualification
FREE ANALYSIS
Login to New Account
STEP TWO
Free Consultation with Attorney
View Free Evaluation for Consumer Instructions on "How To do this on their own Option is offered"
Attorney Representation option is offered to Borrowers.
STEP THREE- (If Opted In For Attorney's Representation)
If Opted In For Attorney Representation Borrower pays only $300 Fax in required documents via exclusive Barcode Fax to the secure login provided by Myrecast System
PHASE ONE
MyRecast System Requests Original Mortgage File from Lender to be Audited - Power of Attorney Agreement Faxed into System for Acting Attorney - Cease and Desist filed with Lender from Attorney.
PHASE TWO
Once file is received from Lender, MyRecast System will audit mortgage file for Predatory Lending and Deceptive practices violations from the lender - Software Program has Original Subprime Lender Matrix and Guidelines that Underwriters used in qualifying consumers loans originally.
PHASE THREE - (Only If Needed)
If a Lender refuses to negotiate with the attorney we will request a HUD Expert; Professional Witness to review file and File HUD and or RESPA violations complaint against Lender. If necessary an additional fee of $250 will be required.
PHASE FOUR
Lender has agreed to the changes on the loan. Completion to Modify Lenders Loan for Consumer. Upon successful modification of the NOTE a final payment of $425 will be due.
Please feel free to contact us as a source for mortgage recasting, mortgage freeze, mortgage resting. You can go to http://myrecast.blogspot.com to see what others are saying. or go to http://www.myrecast.com
Pat