Stop Paying Your Mortgage! CEPersVid-2

Why a homeowner or other mortgagor in NY and other judicial-foreclosure states should stop paying the mortgage if financial difficulty is expected in 6 months, invite a foreclosure action, defend the action timely and vigorously (at low cost), and use the extended time to obtain a reasonable modification agreement or find a buyer to get any of your equity out of the property (by not having to sell at a distress sale).

Category:

News & Politics

Tags:

• Mortgage
• foreclosure
• defense
• modification
• agreement
• parallel
• tracks
• carl
• person
• judicial
• non-judicial
• counterclaims
• offsets
• attorney
• lenders
• liability
• meritorious
• appraisers
• mortgage
• brokers
• TILA
• RESPA
• FCRA
• distress
• sale
• real
• estate
• litigation
• CEPersVid

[garyomglol]

@ethjohns

Try this scenario. You bought a house 3 years ago for $ 500k. You put down $ 200k. Today your same house across your street sold for $ 175k. You still OWE $ 300k on your house. Would you STILL make your payment?..knowing you LOST your entire life savings of the down payment and still underwater $ 125k? Who is to be blamed? The Bank should take at least half the blame...for lending out money to people with zero money down, and no credit..driving up prices in the first place.

[linhh82]

I agree also stop paying the attorneys as well

[LegalAdviceAid]

Great tips from all of you guys! Thanks for sharing!

[cdimmm]

the entire "loan" is fraud. The bank NEVER lent you anything. A modification will only get your autograph on a piece of paper which the banks will even make more. Use contract law only when you take them to court and 99% of the time (without an attorney) you will win. Google "where does the fraud begin"

[chris532008]

@AceOfHeart2012 that s why they prohibit a recorder when they do a deposition, but the trick is to bring a larger one to get them to object and confiscate off to the side and have the smaller mp3 recorder as in a shirt pocket running to claim the meeting, then use it against them, then file a complaint with the human rights commission for violation of human rights, just to help shake things up

[occupytheworld22]

OCCUPY WALL STREET

[occupytheworld22]

OCCUPY WALL STREET

[Impeachthecriminals5]

@liam13coins You're not exactly Adonis.. lol

[Impeachthecriminals5]

Might be a good idea to put a link to your company below the video, thanks.

[slimsxyblkwoman]

I have a cousin who found out about this after being about 4 months behind in his mortgage payments. Over a period of nearly ten months, he sent 4 green receipt notorized and certified letters, asking his alleged lender to show proof of a binding original note. When they finally wrote back addressing his request, they sent some letter saying that he has to not only make a fee to see it but he will have to be taken to another location, once he makes a trip out of town to see the documents-a mess!

[se7ensnakes]

everyone and i mean everyone here interested in this topic need to see the you tube video "aly v First National Bank of Montgomery". Notice how the higher courts protect the bankers's scam!