Trivia Question: If the $14 Trillion in bailout money was funneled back to homeowners, as opposed being gifted to banks, government agencies and big business, how much money would be available for each homeowner toward the satisfaction of delinquent mortgage payments? Answer: Each of the 73 million homeowners in the U.S. would receive $191,000. In your opinion . . . If you were to receive your share of the bailout …read more »
According to our government, an estimated 2.5 million foreclosures were completed from 2007 thru 2009, and an estimated 5.7 million foreclosures are imminent. As a result, a total of 8.2 million homes will eventually be lost to foreclosure. Our government’s estimate of 8.2 million anticipated foreclosures is based on the number of homeowners who have either defaulted on their mortgage payments, or homeowners who are currently having difficulty making their …read more »
If you don’t believe the government’s loan modification program (HAMP) is a “scam” (from my previous post), click on the following link to hear what homeowners have to say about it: Frustrated Homeowners
Since last November, I have spoken to every company, firm or individual who publicly claims to provide mortgage relief services to homeowners. My findings and conclusions, based on my research, will be a surprise to most of you. They are in contradiction to the advice you are getting from financial advisors, mainstream media, government and large corporations. 1) Avoid law firms that encourage litigation against your mortgage lender. Your attorney …read more »