Home » Personal Finance, Picture Gallery » Multiple Homeowners Win Huge Principal Reductions as High as 55% Off Their Home Loans After Hiring Consumer Protection Assistance Coalition (DE) to Sue MERS and Lenders

Multiple Homeowners Win Huge Principal Reductions as High as 55% Off Their Home Loans After Hiring Consumer Protection Assistance Coalition (DE) to Sue MERS and Lenders






SANTA ANA, CA — (Marketwire) — 03/26/12 — Home loans sold through have recently popped up everywhere with telltale signs of what one may consider very questionable banking practices. Practices range from forgery and backdated court documents to documents being reported as missing or lost to somehow suddenly reappearaing signed by someone who may not have been authorized or with forged signatures.

has recently seen a tremendous spike in occurances where they see the name . According to Gary Lane, President and Lead Counsel of the Non Profit Law Clinic: “The largest on Mortgage loans we-re seeing as well as the most frequent have been cases where MERS was involved. We-re seeing huge Principal Reductions by as much as 55% off current loan balances. These are the same homeowners that were previously facing foreclosure after being rejected for simple free loan modifications for several years.” Lane continues, “I have a stack of completed settlement agreements to avoid continued litigation on my desk and for the most part, MERS is named in 8 out of 10 of them with substantial permanent principal reductions and some with fixed interest rates of 2% for the remaining life of the loan, not just for 5 years.”

The Arreola-s of Los Angeles, Violante-s of Palmdale and Pena-s of Shafter California are just a few of the recent struggling homeowners who were facing foreclosure after several years of failed attempts to get a simple lender-s free loan modification only to get notice that their home was going to .

Fortunately for these three families, as with the many who have gone to CPAC Non Profit Law Clinic for free Lender Fraud and Violation Analysis Reports, they not only received loan modification terms as low as 2% fixed for the life of the loan and between 50% to 55% forgivness off their principal balances, drastically dropping their payments to less than half. In Wilfrido Arreola-s case his payment went from $3,400.00 on a $547,861.00 loan down to a very managable $1,015.17 a month. Upon Wilfrido making 3 years worth of payments on time his lender will forgive $274,736.00 of his original loan amount.

Check your loan at .

Fabricio Baca
800-643-4637

Short URL: https://www.88finance.com/?p=128103





Posted by on Mar 26 2012. Filed under Personal Finance, Picture Gallery. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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