S.1222 the real hope for homeowners

Stop Mortgage Fraud Bill

Please download and distribute to as many homeowners as you can. Tell them not to walk away from their homes. Fight back.

Loan Modification- a rescue with devastating consequences.

Homeowners BEWARE!!! they saved the best for last. You will be in debt for the rest of your life. These “modifications” are best defined as equivocations. Not only do they fail in six months or less but increases your obligation with points, fees and terms. To qualify for one you have to meet strict income guidelines, same guidelines which should have been used in your loan origination. Determine your DTI (debt to income ratio) using your IRS Form 1040 or 4506-T. Do the same using the income  stated in your Uniform Residential Application Form (1003) then compare. They should be the same. If there is a difference then you are a victim of false stated income loan fraud.

Modifications were designed to take down the responsible few left by this mess.

Fight Back

Mortgages originated with fraud and abuse aren’t cured by “modifications” or refinancing, they need to be REPUDIATED. Facts show, modifications fail (Reuters, Bloomberg News).

Do not walk away. Stay in your home even if you have been unable to pay for your mortgage, you don’t deserve to lose a home to the unethical and illegal foreclosure procedures. Fight back with a Forensic loan audit.

Go over your loan documents for any violations of the (FNMA) FannieMae guidelines, which is not only the vast majority of all mortgages, but is also used as an industry standard. Any violations (FRAUD), means the lender must buy back the loan. Your next course of action depend on how the bank rectifies your situation.

This time you will not be begging for a “modification.”  Validate your debt and demand a suitable and sustainable mortgage obligation. If not,  please read the Amendment VII of  The United States Constitution.

This is the only way.