If you or someone you know (like a past client) is facing foreclosure, you must watch this video. http://www.youtube.com/watch?v=YUZdANb6UaY It is a CNN report that has been around since last year! The more I look for information the more I am amazed! If the banks are going to keep the TARP money, try to keep your house!
In another news report FROM THIS YEAR, a US congress woman is seen on the floor of the House advising giving advice to Americans who are facing foreclosure. She has advised people to ask the foreclosing entity, or better still to have an attorney ask the foreclosing entity, to produce the note that says who has the right to foreclose.
I have been studying the mortgage problem in the country. Learning about MERS, and the 1968 case of Jerome Dalyare two things to read about if you are facing foreclosure. These are available publicly by simple searches, and I have also included some links below.
People are stopping the foreclosure of their homes by requesting that the foreclosing entity produce the original note. Almost 1/2 the time they can't. That is worth a try. At least it may help cause negotiations for a better solution for both you and the lender.
Jerome Daly is a completely different bit of entertainment that is apparently still unresolved from 1968. I am amazed that his legal case did not change how banks, mortgages, and loans were done up to now! His case is jaw dropping. One of the concepts it causes to be stated is, "If I let you do that -- you and everyone else -- it would bring the whole system down." Well, the system is already down in many ways.
There is a website that has lots of free information and many videos. It is worth your time if you are facing foreclosure. It is consumerwarningnetwork.com.
foreclosurefish.com/blog/index.php?id=439 (Jerome Daly info)
activerain.com/blogsview/525644/More-Foreclosure-stuff-MERS-Mystery (MERS info)
http://www.youtube.com/watch?v=YUZdANb6UaY (one CNN report)
Heath Coker, Associate Broker
Robert Paul Properties
www.CapeGroup.com / firstname.lastname@example.org
508-274-5613 Licensed in MA
Its a beautiful day on Cape Cod!
@CapeGroup Skype: heath.coker