Problems Paying Your Mortgage?

Sunday, May 24, 2009 11:24 AM By Ed Man Chew , In , , , , ,

Like many many millions in the US, you might be having trouble paying your mortgage. Don't blame yourself. Blame the lenders. If you purchased or refinanced your home in the last 10 years, you most likely were a victim of mortgage fraud.

What I mean by that is that millions of home owners who got home loans in the last 10 years most likely didn't even qualify for the loans that they are in. Do you remember the term "stated income"? That just gave your lender the privilege of putting whatever income and job on your loan application that they deemed necessary so that you can over-qualify for the loan that you are in now! People who were making $3000 per month became owners of web design firms with over $15000 per month incomes! That's why you are having problems paying your mortgage! Because you never realy qualified for it in the first place. And that is why the economy is the way it is now! The lenders created the mess and now it's time for them to fix it! But they don't want to. Have you tried asking your lender for help? Yeah right. They put you on the back burner for months just like everybody else and then claim you don't qualify!

Well now you can fight back! A forensic loan audit is what you need. A forensic loan audit will pick through your loan documents and find all the fraud and lending violations in your documents. With this, an attorney can take this to your lender and rescind your old contract and demand more favorable terms for you! Terms based on what you actually qualify for and not what they put together. Find a company that can help you do this if you really want to help your own situation. If you want to save your home and your money, do something now!

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