We are professionals with over 30 years experience, working along side experts, trained professionals and helping communities fight foreclosure.
We sincerely regret your present financial position, which may not have been your fault or under your control, however, whatever the circumstances were, it may cause the loss of your home, property and investment.
What is going on right now in our country with so many homes going into foreclosure is due to outrageous loans made to anyone, regardless of ability to repay. Remember, the salaries and bonuses of the top executives of the lending institutions was based on amount of money lent. The more loans, the bigger the bonuses, it was that simple. In many parts of the country, especially South Florida, many lenders even committed fraud by placing a higher value on homes/property then they were truly worth, simply to inflate the amount of the loan needed by the homeowner, and thereby boost their profits. If you obtained a sub-prime mortgage with an adjustable rate, you are probable a victim of this corporate greed.
The most important factor you should keep in mind is the Mortgage Holders/Lender is in the money business, not the Real Estate Business. They do not want your home, they want your money. With over 1 million Bank owned properties in the U.S. and a potential 3-4 million in the next 2 years, the last thing a Mortgage Holder wants or needs is another home and a non-performing loan on their books. The intent of this website is to provide you the necessary forms and information to save your home, money and credit.
With over 2 Trillion Dollars in depreciated home equity nationwide, and the fact that the Mortgage Holders are now responsible for the real estate taxes maintenance, repairs and insurances on a yearly basis, they do not want your home.
Frequently, in these Florida foreclosure cases, the bank has lost the homeowner’s foreclosure’s promissory note and will claim it has been misplaced. The question we are trained to ask is did the bank ever really have the promissory note to begin with? In court, the bank can only say they lost the note, if in fact they can prove they had possession of the note in the first place.
Many times during Florida foreclosure court, the banks will have difficulty proving that they ever had the note and mortgage. In reality, these notes and mortgages have been sold and/or traded years ago. Many of homeowners’ promissory notes and mortgages have been pooled, stripped and divided so many times that no one really knows who owns the note and mortgage. These simple notes and mortgages have been turned into obscure securities sold and resold by investment banks — many of which have already disappeared — to unsuspecting investors all over the world. Now these “obscure securities” are being called “toxic securities” and are at the root of the economic melt down. In fact, the government has been buying these toxic securities as part of the economic bailout in 2008.
In the Press:
Sun Sentinel: There is no doubt every decision made by a financial institution in the foreclosure process is driven by money. And the legal work that flows from winning in the financial institution’s…