Tuesday, November 27, 2012

MORTGAGE FACTS | Cancel Your Mortgage

MORTGAGE FACTS - Help Cancel My Mortgage!

Do you owe more on your home than it is currently worth?

If you had the knowledge and the resources to remove your mortgage, would you continue to suffer through these unbelievable market conditions when YOU NO LONGER HAVE TO? Take control and ““Keep Your Home”” by using our process.
This program will work on practically any home mortgage… Be it a house, condo, or town house in ANY State in any price range.
Don’t waste YOUR time trying to fight through a Loan Modification or Short Sale. And don’t let them talk you into a ‘Deed in Lieu”, this has the same effect on you and your credit as a foreclosure.
Do YOU know anyone that has ever received a permanent loan modification or made any money on a short sale, besides the Realtor and the bank? “We haven’t either.
Our process works and we will guarantee that it WORKS! Do your research and contact us to get started.
If you are reading this, you are probably either having trouble getting your home sold or you are ‘upside-down’, meaning that you owe more money on your current mortgage than the home is currently worth. This is the most common issue that Homeowners face today and the number one reason why so many people have used this system to eliminate their mortgages.
I utilize proven legal strategies designed to challenge your lender to prove (to a judge) that they are not among the many banks that have committed such horrible crimes against their clients over the past several years. We focus on the closing documents, the chain of title and the public records that will prove their deceit.

MORTGAGE FACTS | Cancel Your Mortgage: When you are in foreclosure and going to lose your home if you do not take action or stuck with an underwater negative value home, we pull no punches helping you with mortgage Relief. E-Mail ASecretToMoney@gmail.com Phone: 850-826-1662 Address: 111 Mohawk Trail #7, Crestview, Florida 32536-5570

Monday, November 26, 2012

Friday, November 9, 2012

History Lesson From The Great Depression In Mortgage Foreclosure Management

The foreclosure crisis during the Great Depression

Oct 18, 2012 By Rick Roque
(TheNicheReport) — Of all the lessons learned during the Great Depression of the 1930s, the Federal Home Loan Bank Act of 1932 stands as one of the most powerful examples of efficient government intervention during a time of economic crisis. The system of 12 Federal Home Loan Banks, from which Fannie Mae and Freddie Mac emerged, have provided funding for residential mortgage loans for the last eight decades –in addition to keeping the cost of home ownership within reasonable levels.

The foreclosure crisis during the Great Depression was of a greater magnitude in comparison to the avalanche of foreclosures that have piled up since around 2007. By the time the Federal Home Loan Bank Act was passed, the rate of foreclosures in the United States was about a thousand a day. At the time the radical interventionist legislation was passed, bankers criticized the federal government’s measure as being egregious and arbitrary.

The Birth of Mortgage-Backed Securities And Creating Money Out Of Thin Air.
It is interesting to note that Federal Home Loan Bank were pioneers of mortgage securitization, particularly since the reckless creation and trading of these debt instruments were at heart of the financial meltdown in 2008. In 1932, the federal banks provided funding for residential construction firms that also acted as lenders. Mortgages written in good faith were accepted as collateral and then sold to investors as securities.
Securitization of mortgage-backed debt was solely within the purview of the newly created institutions in the wake of the Great Depression. They managed to create cash flow at a time when the U.S. housing industry had thoroughly collapsed. In a historic move that would be repeated in late 2008, a mortgage moratorium was called by the chairman of the new federal banks.
The passing of the Federal Home Loan Bank Act shows that government intervention in real estate and mortgage matters can be leveraged to alleviate an ailing system. For this reason, current discussion about the Federal Housing Administration (FHA) and its need to tap a credit line from the Treasury in order to stay afloat should include a look back at the policies enacted and measures taken during the Great Depression.

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