Greedy Banks Took His Home, He Is Fighting Back!
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In 2008, Arturo de los Santos, a former Marine who lives with his wife and four children in Riverside, CA, fell victim to the economic crash caused by the greed of those on Wall Street. Like millions of Americans, he faced the prospect of mortgage default. Arturo was then encouraged by JPMorgan Chase & Co. to deliberately fall behind on his payments in order to modify his loan. A loan owned by Freddie Mac. Thinking the bank had his best intentions in mind, Arturo followed their instructions. Instead, JPMorgan greedily foreclosed on him, evicting Arturo and his family. Since then, Arturo has decided to fight back and re-occupy his home, even as he faces the possibility of arrest!
Arturo could be forcefully removed from his house at any time. Cuéntame and the Alliance of Californians for Community Empowerment (ACCE) are working together to spread Arturo’s story as wide as possible and tell JP Morgan and Freddie Mac that the abuse must end today! We need your help.
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Let’s get 2012 off to the right start – Let my team and I at Premier Nationwide Lending know what we can do to help you close more loans this year. 2011 was a success, but we can do better in 2012! I want to know from you, the mortgage professional, what I can do to support you and help to make 2012 your best year in the industry!
2/6/2012 CBS News interviews Congressman West after he reveals to them the real way the two month tax deal was paid for
This is a quick overview of the I.C.E. formula WCC uses to qualify potential borrowers when they apply for a mortgage loan. I cover income, credit and equity. Wholesale Capital Corporation is a Direct Mortgage Lender in Southern California providing loans for residential, commerical and SBA cleints. Please fell Free to contact Adam Villaneda at 951-488-3182 if you have any questions about buying a home in California. Qualifcations from commericial and SBA loans may differ from information presented in this video. In addition, WCC does have minimum requirements in all three fields covered in this short presentation. Call now to see how I can help you finance you next purchase or refinance your current home.
On July 16, 2002 Congressman Ron Paul gave a brief speech, on the floor of the U.S. House of Representatives, in which he warned about Fannie Mae, Freddie Mac, the housing bubble and the consequences which would follow the end of the housing bubble.
Columnist David Lazarus says pending deal with leading mortgage lenders isn’t the best possible outcome for homeowners, but it’s probably the best they can hope for.
If you have an FHA or VA home loan aka mortgage at 5% or higher you are crazy not to streamline refinance to a lower rate with no cost and NO APPRAISAL! Call me at 888-WMS-4-YOU. That’s 888-967-4968.
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Greedy lenders are any person that takes benefit of homeowners & their mortgages. Greedy lenders charge extreme fees for their services or force home owner to purchase products or services they do not need. You can save yourself problem & annoyance along with thousands of dollars by avoiding becoming a sufferer of greedy lending practices. Here are instructions to help you blemish a greedy mortgage lender. Extreme mortgage origination fees & points are one sign of greedy lending practices. Loan lenders try & disguise these fees by funding them as part of the mortgage. No closing cost loans are one instance of this type of scam. Finance lenders divert you with the fact that youll not have to give fees at closing; the lender then marks up the interest rate or staple fees onto the mortgage principal. Honest finance lenders usually charge around 1% of the mortgage amount for these fees. Greedy lenders charge as much as 6% or more. This is the reason youve to overpay thousands of ponds over the term of your loan. Excessive down payment penalties are one more sign of greedy lending practices. Most loans today dont charge down payment penalties. Many bad credit loans lenders add prepayment fine to their loan agreements. A number of of these penalties are the equivalent of 6 months of interest payments. These fees make significant income for sheltered mortgage lenders when the home owner refinances the loans. Loan broker bribes are another fee you must be wary of. Loan lenders will frequently give the points you give to the broker as a bonus. Some dealers refer loans at a higher interest rate in order to get a commission from the lender. These unnecessary fees as bribe to an untruthful mortgage broker can cost you hundreds of ponds. Any lender that necessitates a homeowner to buy services or insurance products for example life insurance to qualify for sanction is guilty of greedy lending practices. This comprises requiring the homeowner to agree to quarrel arbitration. Agreeing to adjudication limits homeowners lawful rights & favors the lender. Avoid any loan lender that necessitate dispute adjudication or necessitate you to buy additional services to be eligible. By humanizing yourself to identify pressure sales tactics & predatory lending practices you can defend yourself from becoming a sufferer. There are truthful mortgage lenders; though, you need to study the warning signs to avoid taking the mortgage help from dishonest lenders.
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