Comments on: No Economic Turn Around in Sight http://loanworkout.org/2009/04/no-economic-turn-around-in-sight/ Loan Modification & Home Loan News Thu, 18 Mar 2010 02:57:03 -0700 http://wordpress.org/?v=2.9.2 hourly 1 By: Moe Bedard http://loanworkout.org/2009/04/no-economic-turn-around-in-sight/#comment-14013 Moe Bedard Wed, 15 Apr 2009 19:12:05 +0000 http://loanworkout.org/?p=3819#comment-14013 There is not much help for renters. I am in the exact same situation and I have refused to pay the landlord. She served me with a 3 day pay or quit notice and I answered via a friend who is an attorney and we havent heard back in 7 days. Needless to say, I am now looking for a new rental. In California, the law is that tenants have 60 days after a home is foreclosed on to move. Check with your state's laws. There is not much help for renters. I am in the exact same situation and I have refused to pay the landlord. She served me with a 3 day pay or quit notice and I answered via a friend who is an attorney and we havent heard back in 7 days. Needless to say, I am now looking for a new rental.

In California, the law is that tenants have 60 days after a home is foreclosed on to move. Check with your state’s laws.

]]> By: Gina http://loanworkout.org/2009/04/no-economic-turn-around-in-sight/#comment-14010 Gina Wed, 15 Apr 2009 18:21:05 +0000 http://loanworkout.org/?p=3819#comment-14010 I am a renter and just found out the house is in pre foreclosure. I have been trying to figure out my opions and it is like no one is wanting to give me any advise on what to do. Does anyone have advise for me so i don't end up like the family that had to move out without notice? I am a renter and just found out the house is in pre foreclosure. I have been trying to figure out my opions and it is like no one is wanting to give me any advise on what to do. Does anyone have advise for me so i don’t end up like the family that had to move out without notice?

]]> By: Marcela Abal http://loanworkout.org/2009/04/no-economic-turn-around-in-sight/#comment-13801 Marcela Abal Wed, 08 Apr 2009 17:06:55 +0000 http://loanworkout.org/?p=3819#comment-13801 I agree that it was wonderfully written. I work for a loan modification company and we are working so hard to fix this disatster caused by these irresponsible banks. As for the renters, it breaks my heart that these poor people no longer have a place to live because the investor was so cruel about lines of communication. I agree that it was wonderfully written. I work for a loan modification company and we are working so hard to fix this disatster caused by these irresponsible banks. As for the renters, it breaks my heart that these poor people no longer have a place to live because the investor was so cruel about lines of communication.

]]> By: Moe Bedard http://loanworkout.org/2009/04/no-economic-turn-around-in-sight/#comment-13796 Moe Bedard Wed, 08 Apr 2009 13:37:45 +0000 http://loanworkout.org/?p=3819#comment-13796 Yes, I do believe that there are a "few" law firms in the country that are doing this right. The vast majority or mortgage broker operated modification companies are scams because they have no idea what they are doing. Many of these scum bags and are acting like lawyers, RUN from these types of firms. My advice is to first try a non-profit or do it yourself if this is your primary home. If you cant get help on your own because you own several properties, you are the victim of predatory lending or you have an emergency legal situation, then by all means, call an experienced attorney. Once you speak with the attorney, perform your own 24-48 hours of due dillegence on this lawyer and law firm to make sure they are legit and really a law firm. An educated consumer is a powerful one! Yes, I do believe that there are a “few” law firms in the country that are doing this right. The vast majority or mortgage broker operated modification companies are scams because they have no idea what they are doing.

Many of these scum bags and are acting like lawyers, RUN from these types of firms.

My advice is to first try a non-profit or do it yourself if this is your primary home. If you cant get help on your own because you own several properties, you are the victim of predatory lending or you have an emergency legal situation, then by all means, call an experienced attorney.

Once you speak with the attorney, perform your own 24-48 hours of due dillegence on this lawyer and law firm to make sure they are legit and really a law firm.

An educated consumer is a powerful one!

]]> By: Market rate http://loanworkout.org/2009/04/no-economic-turn-around-in-sight/#comment-13791 Market rate Wed, 08 Apr 2009 12:22:47 +0000 http://loanworkout.org/?p=3819#comment-13791 First good article I've read in a while regarding this situation and how it affects Main Street. However, I wonder do you believe there are any loan modifications companies that are legitimate and doing a good job? First good article I’ve read in a while regarding this situation and how it affects Main Street. However, I wonder do you believe there are any loan modifications companies that are legitimate and doing a good job?

]]> By: Moe Bedard http://loanworkout.org/2009/04/no-economic-turn-around-in-sight/#comment-13783 Moe Bedard Wed, 08 Apr 2009 00:41:54 +0000 http://loanworkout.org/?p=3819#comment-13783 Thanks for the thanks DR! Just doing my best to educate Main Street and it definitely motivates me when I get comments like this ;) Thanks for the thanks DR! Just doing my best to educate Main Street and it definitely motivates me when I get comments like this ;)

]]> By: DR http://loanworkout.org/2009/04/no-economic-turn-around-in-sight/#comment-13774 DR Tue, 07 Apr 2009 21:36:44 +0000 http://loanworkout.org/?p=3819#comment-13774 This is the best piece of journalism I have read all year. Very well written, Moe. Thanks for having our backs. This is the best piece of journalism I have read all year. Very well written, Moe. Thanks for having our backs.

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