Mortgage Servicers’ Secret

Posted by admin on Nov 8, 2009 in Uncategorized |

The secret mortgage servicers don’t want you to know is they can make MORE money off of homeowners when they keep your loan in default. A former employee of loan servicer EMC tells the inside story why so many people can’t get their loan out of default. … mortgage servicer default homeowners secret loan EMC countrywide consumer warning foreclosure auction

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25 Comments

  • SpeakerAuthor says:

    Texas must be where mortgage servicers hide out. That’s where Saxon Mortgage Company is and they also are notorious for driving people into foreclosure.

  • debrag1974 says:

    see this proves to everyone that it is the loan servicers that are responsible for trying to keep people in default and quit blaming the brokers for this mortgage mess. These lenders created these products and pressured brokers to put borrowers into these loans because they would not approve them for anything else. 90% of America never qualified for a conforming mortgage loan.

  • mannyfeseha says:

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  • jhunelle2006 says:

    yes, I agree w/ this video. the banks/lenders are the ones that caused the foreclosure crisis. they became greedy and wanted people to lose their homes so they can call the insurance thru the so-called “CREDIT DEFAULT SWAP” tsk, tsk, tsk countrywide, wachovia, bank of america, wells fargo, deutsche bank, indymac, and so on are all guilty… MAKE THEM PRODUCE THE NOTE BEFORE THEY FORECLOSE ON YOUR HOME

  • charliegirl42 says:

    But they are only telling you A PART of the whole story…. DO NOT DO THIS unless you KNOW what you are doing….I did this in 2003. AFTER TWO years of litigation, we were scheduled for a “hearing” which turned out (by stealth)

  • charliegirl42 says:

    to be a bench trial…and the judge never looked at me, never even looked up from her desk where she was doing paperwork the whole time I was being grilled….and there were 3 on the ‘plaintiff’ side and only me on the defendant side….And Ashley in the gallery…and my STUPID ASS attorney I had mistakenly hired….never objected the whole time they were fumbling…

  • charliegirl42 says:

    This whole case had gone on long enough they had time to PRODUCE THE ORIGINAL NOTE….BUT!!! (and here’s the part the people on this website are not telling you!!!) THE ALLONGES were missing!!!

  • charliegirl42 says:

    …..the pieces of paper that had been stapled to the original note documenting the “CHAIN OF POSSESSION” and proved beyond a shadow of a doubt!!! that the foreclosing party was NOT the party in interest, but only a “servicer” and had NO RIGHT to foreclose!!! Simple possession of the note does NOT define OWNERSHIP!!!!!!!!! (there were multiple staple holes in the upper left hand part of the original note..!!!!)

  • charliegirl42 says:

    I was done in by deception, conspiracy and collusion… all parties involved knew what they were doing and could not let precedent be established by MY WINNING A CASE AGAINST THEM…..
    So with one swat of her gavel, I lost my home of 9 years and had to move out…and YES, I get angry when I think about it….

  • zest4livin says:

    These are the same banks that the gov’t is giving bailouts to.
    Freakin amazing!!!

  • MiahLFC says:

    thanks for the upload, keep up the good work

  • 2ModMyLoan says:

    This story is true. The best way to fight these banks is with attorney assisted loan mods. I did and i recommend everyone do it that way. It takes an attorney to fight an attorney!

  • PAGENzx says:

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    that is very awesome i love this

  • barbiemouse says:

    Wow such great info. I have been fighting with Litton for 2 years now with wrongful foreclosures and all. Got my title back but of course they are doing again. This is very important to get out there and I applaud you for ALL your site has to offer.

  • illegalfuture says:

    Ok i understand what she has been saying but my question is “is this still the case with the houseing martket down….?’

  • JesseBacaLasVegas says:

    so what did you do.

  • wildpeachatl737 says:

    I can only speak about GA law, but you are correct in that there should be note allonges for every transfer as well as a transfer or assignment of mortgage/deed recorded in the local court records that should show an unbroken chain of ownership.

    Many companies have gotten around this by using a system called MERS (Mortgage Electronic Registration System) that handles these transfers from one comany to the next.

    Unfortunately, most homeowners don’t stand a legal chance.

  • NoticeOfDefault says:

    truly an eye opener

  • knotart says:

    YES IT IS !! STILL THE SAME OLD BS
    I have been COUNTRYFRIED and like refried beans Fried again by BANK OF AMERICA
    IT IS ALL A HUGE SCAM from TARP to
    HUD/HOPE all the so called Loan Servicers are actually collection agents
    or Legal Firms to protect the Banks.
    Just online today you can buy a poisionus FEMA Trailer for $5.00 and try to park it somewhere ? when you lose your home.

  • knotart says:

    THANK YOU FOR EXPOSING THE TRUTH ABOUT FORECLOSURES !
    so sorry that it will not help those of us being put put on the street !

  • nucsol says:

    OCWEN Scumbags

  • jsnip4 says:

    If the American people ever allow private banks to control the issue of their currency, first by inflation and then by deflation, the banks and the corporations that will grow up around them will deprive the people of all property until their children will wake up homeless on the continent their fathers conquered .

    -Thomas Jefferson

  • Anothercoilgun says:

    Henderson is a hero.

  • Patternpop says:

    God love you.

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