Listen many factors created this mess with the mortgage crisis, each entity should hold themselves accountable for their actions (lenders, appraisers, real estate agents, mortgage brokers, and consumers) its easy to point fingers and put blame everywhere else. Take a moment and reflect, what was your part in this? What could you have done on your part before signing the document? The only person you can control in any transaction is you…take a minute and reverse the roles and lets say you are the person who lends money to people in fact you are lending other peoples money to people. You have to pay those people back after all they are investing in your business. So what do you do? You get there money back or take the collateral (the house). You see what I’m saying. Therefore, If you have stopped paying on your mortgage for whatever reason then you are in breach of contract, you have forfieted your rights to your home and the bank has every right to take the house because it is collateral for the money they lent to you, do not get that twisted.

Now, with this whole modification issue educate yourself do your due diligence learn what it is you can do to increase you chances at saving your home. I promise you there are many companies scamming the homeowners who are desperately seeking help.

Whew! That is a mouth full. Listen doing a home loan modification is simple. Yes, it can be a bit time consuming in some cases. What we have seen is the average modification takes 4-6 months. Keep in mind you are at the lenders discretion so you have to be patient and package you proposal for a modification in a way that makes sense to them to accept the offer. Treat this as a business deal because you are asking to change some, if not many of the terms of a previous contract, and really, it is in the way you present it. Let me clarify, this is a business and the proposal has to make business sense to the lender. If it doesn’t than taking the house is there only option.
It sucks to be in this predicament, but hey we had our part in making this mess!

I felt the last few paragraphs of the article were relevant, although it did not say the perpetrators were specifically realtors or brokers…I believe that unscrupulous realtors and brokers would or could or are committing the fraud against the already hard hit homeowners…..

If the scammers are stopped in one way, they will always try to find another. I think Chris’s idea is brilliant. Always verify that the person/company you are doing business with is legitimate and in good standing with the regulating authority that oversees them….and ALWAYS, ALWAYS report fraud. It is the only way to stop these guys……

So anyway it right. Let’s get back to the topic of this thread, I’m so done discussing this with you know who.

Thank you that was refreshing and I almost thought I would, once again, be publicly admitting an error in my thinking (almost P).

I do not challenge the idea that this type of thing is happening, considering the sheer numbers of desperate people in this country who are about to lose their homes, this type of scam job is certain to run amuck.

However, my original position is that Moe posted an article about a con man who POSED as a Realtor and named it “Brokers & Real Estate Agents are Now Scamming Homeowners in Foreclosure”. The article had nothing to do with a Broker or a Realtor and I was simply scolding Moe and challenging him to uphold a higher standard that that which is currently being displayed in the main stream media…….. ok…. and I said JacMac was kissing Moe’s butt, but that was all I had to say.

Then Stephan came trolling by and gave us his “peanut gallery” opinion, which was completely baseless, and I simply felt like ripping into him for being a tool. Ok fine I’m an ass I admit it, I should have behaved more like an adult and not verbally lashed someone who obviously has the mind of an eight year old….jeeze I feel bad now.

Then like a welcome breath of fresh air Virginia breezes in with some actual content of all things (imagine that) but alas it says nothing in the article about Mortgage brokers or Realtors which brings me back to my original point….

“Moe; Your readers are now a little dumber for having read this article\’e2\’80\’a6. shame on you!”

CTAN

According to the Oxford English Dictionary, racism is a belief or ideology that all members of each race possess characteristics or abilities specific to that race, especially to distinguish it as being either superior or inferior to another race or races.

The Merriam-Webster’s Dictionary defines racism as a belief that race is the primary determinant of human traits and capacities and that racial differences produce an inherent superiority of a particular race, and that it is also the prejudice based on such a belief.

The Macquarie Dictionary defines racism thus: the belief that human races have distinctive characteristics which determine their respective cultures, usually involving the idea that one’s own race is superior and has the right to rule or dominate others.

According to UN International Conventions, “the term “racial discrimination” shall mean any distinction, exclusion, restriction or preference based on race, colour, descent, or national or ethnic origin which has the purpose or effect of nullifying or impairing the recognition, enjoyment or exercise, on an equal footing, of human rights and fundamental freedoms in the political, economic, social, cultural or any other field of public life.” This definition does not make any difference between prosecutions based on ethnicity and race, in part because the distinction between the ethnicity and race remains debatable among anthropologists.

From ACORN’s website, “From the beginning, when it brought together Black and white, welfare and working poor, ACORN defied expectations of what a community organization could be. It pioneered multi- racial and multi-issue organizing, led the way in electoral organizing, and branched into innovative housing development, community media and labor organizing.”

ACORN gets it.

Here is a link to a story re: this type of fraud being perpetrated against homeowners across the country:

http://www.realestatejournal.com/buysell/mortgages/20061129-wei.html

Your posts are typically intelligent and well thought out but it appears that this type of thing is happening everywhere