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Predatory Servicing and “Questionable” Fees - Countrywide Named in Foreclosure Probe

November 29th, 2007 · 1 Comment

By Moe
How would you like to be charged $20,000 when in fact you owe $2,000? Doesn’t sound like too great of a billing and accounting system. In fact it sounds down right fraudulent and predatory.
Welcome to the new unfortunate fleecing of the homeowner that is infiltrating our court systems and robbing unsuspecting borrowers that are [...]

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Tags: Homeowner Tool Box · Lender & Sevicer Facts · Predatory Servicing

Foreclosure Stories: 67 Year Old Man May Lose His Home to Foreclosure Because of Predatory Lending

November 24th, 2007 · 6 Comments

IamFacingforeclsoure.com will be chronicling stories of homeowners that are facing foreclosure in order to publicize the travesties that people are suffering as a result of toxic loans and predatory lenders.

If you would like your story published on this website, then please visit our sister website at www.LoanSafe.org(Homeowners Forum) and register as member to share your story with other homeowners and we will do our best to assist you in any way we can.

This is a letter from a man that Moe met 4 months ago. Mr. Don Bullis contacted Moe because he needed help to stop foreclosure on his home. After speaking with Donald, Moe realized that he was definitely the victim of predatory lending and needed an attorney right away.

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Tags: Foreclosure Stories · Predatory Lending

Foreclosure Scams Becoming a Big Problem Nation Wide

November 19th, 2007 · No Comments

Where there is money to be made, you will find the predators, salivating at a new opportunity to take people’s money and run. Welcome to the homeowner loss mitigation business where the sharks are having a feeding frenzy on already wounded homeowners.
The Better Business Bureau has recently reported that they have received complaints from every [...]

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Tags: Homeowner Tool Box · Loan Modification Help · News

Loan Rescission - When Three Days Really Means Three Years

November 16th, 2007 · No Comments

By Nathan Fransen, Esq.- a practicing mortgage law attorney in the State of California.
Most people are familiar with the “three-day right to cancel” period after signing a refinance loan secured by a principle dwelling. Lenders even provide documentation that clearly identifies the procedure for canceling the loan and the time in which it [...]

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Tags: Mortgage Law