Avoid Foreclosure and Possibly Eliminate Your Mortgage
AVOID/STOP FORECLOSURE
On October 28th, 2008 livefreeordie says:
CONTACT benjamin-franklin2008@live.com
Normally I sell (30.00) this info, but with so many of my friends here on daily paul needing it. I will e-mail it and HOPE that you will send me some $ for my effort. We are a family and we need to take care of each other. Anyone with a home loan, wether in trouble or not, needs this!!
When e-mailing, put B.F. in the subject line. B.S. will NOT be opened.
I will try to send out the report to all requesters within 24 hrs of request. Even if you don't have a mortgage you can give this info to friends and relatives. It's a FREE service and if it 'saves' the home so much the better. No-one should be loosing their homes.
I will be helping my wife with home work tonight so please be patient and also please keep this 'bumped' for those who are or might be at risk of loosing their homes.
THANK YOU, Clay Carey
********UPDATE********UPDATE**********UPDATE
04/15/2009
I am leaving my original post above for the moment. I have spoken with the owner of the company mentioned above and at his request have stoped sending out the report as it is mis-leading and was not approved by the company. I am waiting for him to call me today and will ask/invite him to make a post here for himself or give me perrmision to post an e-mail here that I recieved from him.
Please let this thread die untill we can hear 'straight from the horses mouth' Thanks.
B.F=B.S
I called them after you sent me the information. I begged them to work with me. I offered 1000.00 down (I had it then now..I got less) and 500.00 a month till it was paid..They flat out told me..unless I had 5000.00 do not waste their time. Then I was told if people like me paid their bills and learned to save their money, I wouldnt be having this problem.
So now we are stuck.
The guide lines say my husband makes to much for a pro bono lawyer
..lawyers want anywhere from 500 to 2500 just to start..(we couldnt offer 50.00 right now)..we are leasing the house out and have tenants who refuse to pay..we dont have the money to file in court to kick them out..we cant get help from the court to get a discount on paperwork.
Between this tenant and the last one (I know your reading R.H.A and we havent forgot you) the bank is about ready to take the house back. We dont understand the law on this matter so I guess we are going to get screwed...bet they wont even spring for the Vaseline neither..bastards.
Freedom is another way to God...A corrupt government is a straight way to hell.
I believe in Hope & Change..I Hope the government will Change
Spindale-Rutherford County-North Carolina
Sorry for the dis-info,
Sorry for the dis-info, please read edited post above.
As I stated in the original post, I don't like B.S.
I only had good intentions.
Upon hearing of the results (like yours), I contacted him myself and quit promoting the report. I am waiting for a further response from him.
Please don't shoot the messenger
Response to pre-paying principle
The optimal approach, especially in the first few years of the loan. As of a federal law passed back in 1983, banks must except pre-payment of principle. The key and of vital importance (and this will determine whether this approach is of great benefit) is proper / explicit instruction to the lender in reference to pre-payment amount, where to apply pre-payment (which payment along with payment number), etc. Otherwise, without explicit instruction, lender will invariably apply pre-payment amount to the rear end of the loan (i.e. payment number 360 on a 30 year mortgage) whereby NO interest is paid down and only principle. This pre-payment approach by lenders has been going on for years now. Though 'legal' it is extremely deceptive and essentially of no benefit to the homeowner. This pre-payment money is literally going into that black hole commonly known as the lenders profit margin. NOTE: When pre-paying principle, be very cautious and most importantly learn all you can on this subject.
As a Consumer Law Attorney
I would advise people to contact a lawyer in defending foreclosure cases or attempting to do a loan modification. I work for a public interest law firm and we handle defend 100s of homeowners in foreclosure cases each year. There are legal defenses that can delay the court case and in some cases (Truth in Lending Act), a borrower can rescind the mortgage if she meets several criteria.
For more information, go to:
http://www.mortgagelawnetwork.com/?s=produce+the+note
http://www.nclc.org/advice/consumer_info.shtml
http://www.msnbc.msn.com/id/28277420/
http://loanworkout.org/free-ebook/
http://www.hud.gov/local/fl/homeownership/foreclosure.cfm
Be aware that many loan modification firms are rip-offs.
Florida A.G. Targets Foreclosure Rescue Scam
03/23/09 - 01:10 PM
Florida Attorney General's Office
RSS Feed
Tallahassee, Fla:
Attorney General Bill McCollum today filed a lawsuit against a Miami company and its owner alleging the company is engaged in foreclosure rescue fraud. According to the lawsuit, Lincoln Lending Services, LLC targeted Hispanics facing foreclosure and charged up-front fees for loan modification services, both in violation of the Foreclosure Rescue Fraud Prevention Act.
“Our citizens should not be targeted when they are in a time of financial distress and are desperately trying to protect their homes,” said Attorney General McCollum.
According to consumer complaints, Lincoln Lending advertised for mortgage foreclosure assistance and rescue services. The complaint alleges that to get around the statutory prohibition against up front charges, the company would have consumers pay $2,700 for “forensic analysis” services, then sign a contract for alleged modification services. The forensic analysis fee was allegedly created to circumvent the new law, which the Attorney General helped create last year. Lincoln’s business of offering legal services, directly or indirectly, constitutes the unauthorized practice of law and violates FS 877.02(1).
The Attorney General’s Economic Crimes Division determined Lincoln Lending also forwards consumers to an attorney working under the business names of Florida Foreclosure Law Center, LLC and Florida Homeowner Assistance Center, LLC.
The lawsuit petitions the Court to issue a temporary injunction against the company while litigation continues. It also seeks consumer restitution and ultimately a permanent injunction prohibiting the company and its owner, Rita Gomez, from engaging in similar business practices.
A copy of the lawsuit is available online at: http://myfloridalegal.com/webfiles.nsf/WF/MRAY-7QEMHK/$file/LincolnLending.pdf
Follow me on Twitter for breaking news on Ron Paul and the U.S. Economy:
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Watch out for Mortgage Rescue Scams--they are ubiquitous
http://www.michiganmortgageattorney.com/?p=86
Follow me on Twitter for breaking news on Ron Paul and the U.S. Economy:
www.twitter.com/AbolishTheFed
Regulators struggle to contain foreclosure rescue fraud
http://www.msnbc.msn.com/id/30070957/
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www.twitter.com/AbolishTheFed
Sent 2 or 3
emails requesting this info. when this was posted last year. Don't recall ever getting any email or info. back.
Obama = O.ne B.ig A.ss M.istake A.merica
Obama = O.ne B.ig A.ss M.istake A.merica
Thanks!
Its threads like these that remind me just how much of a family we DPers are. I've never met any of you in person, and yet you're all some of the first people I'd help. As soon as I get some $ in my paypal account I'm going to pass it off to Michael Nystrom and the DailyPaul.
I'm 23 and my only "mortgage" is my mountain of student debt. I'm guessing those lenders also need to be held to the letter of the law or they conveniently forget some details, right? If anyone has some advice in that department (especially you Clay) I would be more than thrilled to hear it!
Thanks again!
Bump
I have been talking with Clay, and I think he is really on the up and up.
Anyone have any feedback / results to report?_________________________________
www.amazinggrassesllc.com
I got it
I got the web sites from you a month ago I believe..my problem..I do not understand 1 blessed word of it..it comes down to having an understanding of the law..some laws I understand this is all greek to me and have no clue where or how to start...Im sure there are many others that would be like me..Clueless....And I have checked with people who can understand it..ALL want money to help..Money is what I dont have.
Now..if anyone would like to buy my house and try it..go for it...I owe under 70,000 on it.
If you would like to do it for me..I would gladly in turn send you the amount we pay in our mortgage payments, for 3 months.(Just give me 4 months to do it in so I can start saving) That comes out to about 1,650.00
Freedom is another way to God...A corrupt government is a straight way to hell.
I believe in Hope & Change..I Hope the government will Change
Spindale-Rutherford County-North Carolina
Don't try to make heads or
Don't try to make heads or tails of the report then. Call the # on the report and let them do all the work ! It is a free service to have the audit done. If they find enough mistakes they have been known to work 'pro-bono' All you have to do is find your mortgage papers, copy, and send them to them for the audit. Hope this helps.
Clay
interest only, not much help
Sorry, but I have to disagree with that. Paying interest only on a mortgage during a rough streak would not be much of a help at all.
For a standard 30-year fixed loan, the first years payment is mostly interest, probably 95% or 98% of the total monthly payment goes to interest. Your plan would only save someone 2% to 5% of the amount of payment, not very much.
For year 15 of the loan, probably 65% to 75% of the total monthly payment goes for interest. A more substantial decrease in payment but still a lot.
By year 25, you probably pay only 25% of the total monthly payment for interest. But by then, you have a substantial equity in the home and can refinance or sell it, no need for any of these financial gyrations.
A better offer is to pay principle only but I doubt if the banks would go for that.
All numbers are WAGs, I'll let the accountants post exact numbers if they want.
This service
has nothing to do with making payments. It has everything to do with holding lenders to the letter of the law (which they all break). And by doing so, drasticly reducing the amount you do owe, if not getting rid of the mortgage period.
bump
I just requested the info.
God, Bless us all.
anyone have success with this??
just wondering....
Maybe:
I have a friend that I got this information for and have passed it along to other people I think it may help, but it is up to them to use it in the best way they can.
I don't have any good news from any of them yet, but after looking it over myself, I think it is extremely useful and my contact with livefree was positive and he is a stand up guy that is trying to help us battle those bastards, not a scammer. Hope that helps.
~~~~~~~~~~~~~~~~~~
I love my country
I am appalled by my government
~~~~~~~~~~~~~~~~~~~~~~~~~~
I love my country
I am appalled by my government
Just for the record, and
Just for the record, and very simply..most lenders will let you pay interest only on your mortgage if your times are tough. I have done this several times and it helps a LOT. You are paying nothing on the principle, but you can use that money for other things in those months. Most are happy to help..some even let you skip payments, and add them onto the end. You would be surprised how often lenders will willingly help you keep your homes..
are you getting
I don't mean to be a pest, but I have emailed three times now and not heard back - are you getting emails from a treesnail?
Truth exists, and it deserves to be cherished.
You should have gotten it by
You should have gotten it by now. It took me a while to answer back to everyone. I had ONE "mail delivery failure" and don't know to whom. Just in case I did send it to you by way of your contact info here.
Yours for freedom, Clay
bump
and still nothing - odd. I'll keep checking
Truth exists, and it deserves to be cherished.
I know you have it now.
I know you have it now. Please update your info when you can.
Thanks, Clay
Here's an idea ... pay it
Here's an idea ... pay it off? Paying your debts is also a way to avoid foreclosure and possibly eliminate your mortgage.
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"Live free or die: Death is not the worst of evils." -- General John Stark.
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"Live free or die: Death is not the worst of evils." -- General John Stark.
Why on Earth would you pay
Why on Earth would you pay some one that you clearly don't owe and that has been robbing from you? You must be one 'brain dead' person or at the very least an uneducated twenty's- thirties person that knows very little about the banking system and won't take the time to learn. All the same it didn't stop you from requesting the report did it? And just how many copies have you made to give to others in need? Probably..none.
Your a real patriot..
And yes I may be having a bad day.
a very heartless reply
Ron Paul is My President
Ron Paul is My President
may your health
bring you lessons you clearly need in compassion. Think you are rich? One little round of "serious health issues" and you will be a pauper.
Truth exists, and it deserves to be cherished.
Clearly you know of what you speak. bless you
For me, it was two rounds of illness. Actually it was my wife.
She's doing much better now. The house is not. I had to give it up in May.
It's worth even less than the day I gave it back. I was willing to work with the bank. I was only two payments behind, and there was light at the end of our monetary problems. I would have been completely caught up in about 4 months.
But no, the bank would NOT even attempt to work something out.
Hours, and hours of phone calls. More than once we would reach a point where it felt like progress during the call. I would call to follow up, and there would be NO RECORD of the previous call. So I'd have to start over.
Finally I told them to take the house, I had gotten what I needed from it.
Which was equity to pay medical bills.
It is now their problem. It was a GMAC mortgage BTW, so crappy cars is not their only issue.
"I don't endorse anything they say"
~Ron Paul On the 911 Truth movement.
http://www.youtube.com/watch?v=hGyhlNY0y1k
now get the loan taken off your credit records
Call me @ my contact number listed on the report and I will tell you how.
Yours fighting for freedom, Clay
Not to mention the goal is
Not to mention the goal is to shut down the FED. For every $ of debt eliminated it takes 33 away from the banksters. Moral issue? Not for me, I have studied the system, I know they break the contracts from the word gitgo, and I would choose my country first anyday. Get educated!!
So True.
Been there, done that.
bump
bump