BEWARE WHEN YOU MODIFY A LOAN, YOU WAIVE ALL CLAIMS AGAINST THE LENDER

NOVEMBER 28, 2009

Everyone is hawking loan modifications these days. It’s a scary thought that people with no legal experience are pushing people into loan mods without any discussion of a Forensic Document Examination or Forensic Appraisals. When you modify a loan, you essentially waive any claims you have to go after the lender!

The threat of foreclosure is a legal problem, and you start by treating it like any other legal problem. The first basic step it to determine whether the mortgage transaction is legally valid. Wouldn’t you like to know if you could pursue your lender for a better deal, on your terms instead of theirs?

Mortgage Fraud Examiners is a project of Lex Consulting. For over 30 years, Lex Consulting has provided litigation support to attorneys, helping them break into new areas of practice, or providing specialized advice for complex cases requiring novel approaches to the law. Due to the recent housing crisis, Mortgage Fraud Examiners, a team of specially trained attorneys, was created to provide borrowers and their lawyers with comprehensive assistance to help them keep them in their homes.

For more guidance and information contact:

Press Contact:

Storm Bradford
P.R. Contact…@mortgagefraudexaminers.com
PO Box 1332
Ashburn, Virginia 20146

Mortgage Fraud Examiners
1818 library St. Ste. 500
Reston, Virginia 20190
Phone: 800-540- EXAM (3926)
https://mortgagefraudexaminers.com

 

By Mort Gezzam

This post was written by .

Published .

Posted in: Press Release

5 Responses to “BEWARE WHEN YOU MODIFY A LOAN, YOU WAIVE ALL CLAIMS AGAINST THE LENDER”

  1. frdmfytr

    Not if they don’t disclose to you and/or you don’t agree, I would think. Besides.. they more than likely can’t even do it because a. they don’t have or own the loan.. or b. modification would have implications on the trust REMIC status. And so they only pretend to try to do it so they can use that excuse as a trap tactic. Either way, if it was fraudulent or didn’t go through, it wouldn’t hold..

    That’s why they never want to turn over the HAMP documents.. or anything else that could reveal fraud that matter… e.g. the note! Their whole pattern and practice is built around their own fraud.. lol

    Reply
  2. James Donovan

    Although the HAMP model rolled out of the FDIC in 2009, it quickly evolved from a homeowner solution to a loan approval engine to qualify the defaulted loans for re-performing agency pools.

    Forget HAMP, there are over 2 million non-agency loans that will rest to higher levels over the next 18 months, and they are not capped at the Freddie Index.

    How many attorneys use your service?

    Reply

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