A legal way to demand your mortgage lender reduce your principal balance to 80% of the current value of your home.
Posted In Foreclosure News, Tactics, and Tips
How to get a SUPER GREAT Principal Reduction on your mortgage loan modification
If there was a legal way to demand your mortgage lender reduce your principal balance to 80% of the current value of your home, and reduce your interest rate to 2% fixed over thirty years would you be interested?
If you’re like most homeowners struggling to get ahead, you would. Now what if I told you that there is a way to accomplish this and that you don’t actually have to be late or behind on payments to qualify, would that interest you?
The solution is not what you might think it is. It’s not a loan modification or short sale. Loan modifications and short sales are dead. They don’t work today because banks don’t want them to work. You will quickly learn from reviewing all the news videos and reports on www.FraudStoppers.org that the entire loan modification process (and short sale process) is quickly being discovered to be one of the greatest scams ever perpetrated, by banks, on American homeowners. Just to give you an example, Bank of America alone is estimated to have over one million homeowners who qualify for a permanent loan modification, yet the bank (after taking billions in taxpayer bailout money) has approved fewer than twelve thousand permanent modifications! Why do you think that is?
So if you’re thinking about doing a loan modification to get relief, today your odds of success are extremely low. Banks are only interested in making money, and not about helping you.
The solution to getting your lender to help you is litigation, sue them! Stop playing games and wasting time trying to work with your corrupt lender, they do not want to help you. If you want to save your home and protect your financial future you need to sue your mortgage lender for mortgage fraud and legal violations that exist in your loan.
Thousands of ordinary homeowners across the country who are fed up with all the games are doing just that, they are suing their mortgage lenders to save their properties. And it’s not just homeowners who are suing the banks and mortgage lenders, the attorneys generals of several states are also suing the banks and mortgage lenders; and you can too!
The good news for you is that you can take advantage of the fact, that there are tens of thousands of homeowners that are suing their lender in court individually, and many are also banding together in class action lawsuits to fight the greedy banks in order to save their homes from foreclosure.
Homeowners everywhere are fighting in court, and they are winning. All the indications are the ones who decide to take action and sue their lenders will prevail in the end and save their homes! If 2012 was the year of the loan modification, you can say that 2013 is shaping up to be the year of the lawsuit against your lender. It seems that lawsuits are the only things banks seem to understand, and respond to today. So if you want to get the relief you’ve been looking for, and save your house from foreclosure, you’re going to have to sue your mortgage lender. And if you think it’s too hard or too expensive, don’t worry because this is not as difficult or costly as you might think it is.
Now sure, if you were to go at all alone, all by yourself, or you would have to hire your own attorney, it might be hard and extremely expensive. In fact, this is why most people struggling with foreclosure do not get legal help or decide to challenge the foreclosure in court; the bottom-line is they just can’t afford the $15,000 to $20,000 lawyers charge to fight this type of case; especially if you’re going to sue in the federal court, because your lender has violated federal law, as well as state law.
However, fortunately for you, you don’t have to hire a lawyer, or go at it all alone. You can either join an existing class action lawsuit, with thousands of other homeowners, or you can use one of Fraud Stoppers Foreclosure Defense Systems to sue your lender in federal and state court yourself. You can pay just a few thousand dollars, and still get the same relief that you would if you paid a lawyer $20,000. In fact, you will actually get more for less. You will not only have a professional prepare your lawsuit for you, but you will also learn exactly what you need to do in order to stop your foreclosure, save your house, and make your lender pay you for mortgage fraud. And once you learn how to do this, you can show others how to and earn extra money for doing it.
Officially you would be representing yourself (Pro Se) in the litigation against your lender, but you will have a professional, experienced coach standing behind you every step of the way, so you will never feel alone. With thousands of other homeowners, just like you, who have already started the process and have won, you will get to learn from others who can help you learn what works and what doesn’t work. This makes going up against your bank affordable, easy and fun.
The days of trying to mitigate and negotiate with your bank to get a loan modification are over. If you want to save your house from foreclosure you need to litigate, you need to sue your mortgage lender for the mortgage fraud and financial crimes they have committed.
Banks will continue to commit these crimes, and will do nothing to help you, until they are sued in court and a judge forces them to do what’s right and what the law requires them to do.
Here is the main problem for you, if you own a home today, the average home values across the country have plummeted nearly 45% from their peak in 2006, and are projected to drop another 10 to 20 percent by the end of 2013. In some parts of the country the declines are much higher, upwards of 50 to 60%! So it’s not getting any better, in fact Zillow.com, (one of the largest web based valuation companies of home values), recently reported that home value declines in the united states have already surpassed those of the great depression era; but nobody is reporting that!
The other problem that you face is that despite all the spin masters that tell you that the values will come back, I’m here to tell you that those values we saw in 2006 are never coming back! The value of your home will never get back to where it was in 2006, and it’s going to be at least seven to ten years (probably even longer) before you begin to see any appreciable gains in your home value. So the bottom line is you’re pretty much stock in the loan that you have right now, and you’re stuck in the payment you have unless you do something about it.
Your home may be worth less than your loan, and if that’s the case you’re not going to be able to sell it without doing a short sale. But 50% of short sales wind up in foreclosure, simply because the buyers can’t get financing. They can’t get mortgages because banks are not lending. So a short sale is really not a solution.
If you’re in foreclosure, behind on your payments, or your house is worth less than your mortgage, what is your solution? Well the solution is litigation; you must sue your lender for relief. This is the only way to get them to help you today, and the relief that is being demanded is that your bank reduce your principal balance to 80% percent of the current value, and drop your interest rate at 2% permanently!
If they do this, you settled a lawsuit with your lender. If your lender doesn’t agree to this, or a settlement offer you can live with, you simply continue to litigate and let a jury of your peers decide. Either way, you are fighting back to win and you have a much greater chance of saving your house through litigation, than trying to negotiate with the clueless customer service bank representatives; that will get you nowhere!
So if you’re tired of your lender playing games with you, stalling your request for a loan modification, telling you that you better pay up, threatening you with letters and harassing phone calls, then now’s the time to litigate. Stop wasting your time trying to negotiate with these crooked bankers that have no intention of helping you. Unless you sue your mortgage lender today, they will most likely stall you until you get so far behind you can’t catch up, and you ultimately lose your house to foreclosure. Don’t be fooled, it’s happening to hundreds of thousands of homeowners across the country right now.
If you’re behind on payments or you are currently in foreclosure we can help you; and you don’t need to be behind on payments to sue your mortgage lender for relief either. We can do a free mortgage fraud analysis and Bloomberg securitization search and if your loan qualifies you can sue your lender for fraud in order to force them to lower your loan amount and interest rate.
Review the news videos and information on our website and download your free copy of our informative report (Foreclosure Traps, Pitfalls, and Swindles) and get the facts that you need to beat the Money-Changers at their own game! The report will show you how you can save your house from foreclosure and force your lender pay you for mortgage fraud.
Complete our intake form and one of our friendly knowledgeable representatives will contact you to conduct a free consultation; it will cost you absolutely nothing to speak with us. We will explain how our proven system works, answer all of your questions, and help you determine your best and most affordable option to saving your piece of the American dream: without any high pressure sales tactics or tricks. Thank you so much for taking the time review this information and I wish you all the best of success in your efforts fighting mortgage and foreclosure fraud. Remember its not over until you win!