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Home Loan Modification 8 – Mortgage & Real Estate Marketing Nov08- Avoid Deceptive Mortgage Practice
Attorney Negotiated Home Loan Modification for Home Owners. Expert Advice on Real Estate and Finance. Avoid Foreclosure Scams and Fraud. Prevent Bankruptcy. Go To realestatemarketingthisweek.com Part 8 (Excerpt) B of A and Countrywide pay $150M fine for deceptive finance practices I have here in my hand something from the office of the attorney all-purpose Terry Goddard, this is in regard to B of A and Countrywide. The state has alleged that prior to 2008 that Countrywide used unfair and deceptive tactics in its loan originating and servicing activity and placed borrowers in structurally unfair and unaffordable loans. These are not my words folks this is from the office of Terry Goddard the Attorney All-purpose of Arizona They are talking about lowering peoples rates for the first year only. Look a excellent loan modification, you dont need a 12 month reprieve if you are 2, 3, or 4 months behind on your finance, it is going to take a modest bit more than 12 months to get back on your feet. I was going to say what an vital point that you are making is because the announcement today by Paulson regarding the money not being used to buy these terrible mortgages any longer, because of Barney Franks comments about how banks need to do more to help avoid foreclosures for mortgagees, what that really is amounting to for me as someone who studies the financial market each single day as part of my profession, what that really amounts to is banks being able to set stipulations, and the fleeting …
