Thursday, August 27, 2015

Tricks Banks Use to Drive Homeowners Into Foreclosure

Banks have become just mortgage servicing agents and foreclosure of your home is their new business model. Protect your home by learning about the tricks they play.
Most homeowners are unaware that their mortgage banks make more money from foreclosure than actual payment.  Mortgage banks give as few modifications as possible and comply minimally with statutes put in place to protect borrowers, all while employing tricks to “cash in” on homeowners’ defaults, pushing them to foreclosure.  The banks take the risk of litigation because few people sue, but getting legal assistance as soon as possible can make the difference between homeowners asserting their rights or losing their homes while being bulldozed by the bank.

Read full article here...