Juggling in Mortgages?

juggling-houses Remember the name game song or better yet, the game, “Where is the Pea?”

Well, when you are dealing with the lenders both song and game fits. IAMB Inc., received consumer reports that will show information of the lenders cross solidifying their front to cover each other. Meaning Lender B letter to a consumer on Lender A letterhead, stating that Lender B will cover the acts of Lender A. Confusing, try being the consumer getting this confusing letter and asking, “Who do I pay?” As foreclosure process begins.

All consumers, signed a “Servicing Agreement” that gave rights to all lenders to service (hand off) your loan as they see fit, when they see fit, to whom they see fit, with or without your permission, or proper notification. How is that?

The Government is waiting are you responding and reporting these acts against consumers to the agencies that can help preserve your rights?

RED ALERT: In all the chaos and confusion, some States Consumer Affairs Divisions are quietly closing, better check your rights they are diminishing.

Posted by Rena' Starks on November 14th, 2009 | No Comments »
Posted in Consumers, ESL, Education, Exempt Status Lender, Housing Crisis, IAMB, Mortgage, Question and Answers, Rena Starks, Safe Service Providers Tags: Advocates, Education, ESL, Exempt Status Lender, Housing Crisis, Loan Modification, Loan Modification Company

The BEST things in life are free, not your mortgage…

FREE is a strong word, that captures the heart of many!

Remember, when we were buying our homes in the day - and we heard, “the Government is giving away free money to purchase homes?”

Well, low and behold it was not free money. The money was interest free, payment free, but the money had to be paid back. Some cases of long term ownership negated the repayment, but that was a rare situation, most cases the Government will recaptured all that was loaned.

Now, I hear that the Government is giving out FREE, home loan Modifications. Not only trying to block hundreds of thousands of Mortgage Brokers out of business, again, only those consumers who “qualify” will have their loans looked at.

Consumers, FREE, means FUNDED, means you do not get a FULL BENEFIT!

Go ahead, add it to your tab, American Consumers, but remember, paybacks are a bitch!

Posted by Rena' Starks on November 13th, 2009 | No Comments »
Posted in Consumers, Education, Loan Modification, Rena Starks Tags: Activist, Government Modifications, Loan Modification, Loan Modification Company, State Licensed Mortgage Brokers

AG letters only confuse homebuyers more

Lost and Confused Signpost attorney-general-warns-of-mortgage-scams

Before reading the blog, read the above link to understand why I feel that:

The State governing agencies that work on behalf of the citizens, sadly, can’t get it together in these hard times to protect one another… let alone the consumers.

Take a look [above link] at how one States’ Attorney Generals Office can only inform consumers on what not to do, in avoiding foreclosure scams.

In a round about way, the State informs that “if a consumer is to use a State License Mortgage Broker check with the Mortgage Lending Division.”

Why aren’t States informing citizens that this is the States’ only defense against predatory practices, as if you, the citizen, know whether or not you are hiring a source that is under their jurisdiction.

Instead, no one is trying to tell the consumers the skinny!

Believe me consumers, it is ok to use a State Licensee for modificaton and foreclosure rescue, or this letter would not have mentioned a word about the source.

The States [are suppose to] work on behalf of the people; the States Representatives should be allowed to clearly speak and educate consumers to the State for good help resources.

If citizens were educated to know that with a State Licensee helping you, you do have some recourse (and some one liable) for your case. With Federal Agencies you have no recourse, and basically, you are SOL.

Citizens, because you demand nothing together, you get little in return! Remember, united we stand and divided we will fall! Let’s reunite!

Posted by Rena' Starks on November 12th, 2009 | No Comments »
Posted in Advocates, Attorney General, Consumers, Education, Foreclosure Division, Housing Crisis, Loan Modification, Loan Modification Company, Loan Modification Process, Loss Mitigation Division, Mortgage, Mortgage Lending Division, Rena Starks, State Licensed Mortgage Brokers Tags: Activist, Education, Foreclosure, Housing Crisis, IAMB, Loan Modification, Loan Modification Company, Pre-Foreclosure Sale, Refinance, Safe Service Provider, State Licensed Mortgage Brokers

This “civil” ride, must happen again!

Q: Why was the full history and meaning behind the “Midnight Ride of Paul Revere” not fully disclosed to us?

A: In my own opinion, until now the States really did not deem it necessary for the citizens to know our in depth history.

But, knowledge of the history that our neighboring States, that we can drive to, do not properly communicate with each other the way, “We the People”, need them to for the success of “our” Nation. Now, this was a piece in hindsight that was/is an importance of the story, too bad that in hindsight we learn things that we should not have overlooked!

Posted by Rena' Starks on November 5th, 2009 | No Comments »
Posted in Activist, Advocates, Attorney General, Attorney Modifiers, BEEE, Buy & Bail, Consumers, Court, ESL, Education, Exempt Status Lender, Foreclosure Division, Forensics, HUD, Homekeepers, Homekeepers Training School, Housing Crisis, IAMB, Loan Modification, Loan Modification Company, Loss Mitigation Division, Mortgage, Motion to Stay, Question and Answers, Rena Starks, Safe Service Providers, State Licensed Mortgage Brokers, Third-party buyer, Title, Title Companies, Title Company, Twitter Tags: Activist, Add new tag, Advocates, Attorney, Attorney Modifiers, Bankruptcy, Exempt Status Lender, Foreclosure, Loan Modification, NOD, Paul Revere, Pre-Foreclosure Sale, State Licensee

I guess not all jokes are LoL…

Saturday morning “Are you kidding me?”
“You are joking right!”

Consumers, you mean to tell me that the lenders are playing the same Interest Only/ARM game that got us into this “State of the Economy” in the first place?

Reports will show the modifications trends are Trial/Step/Preliminary Loans, that will only pay the penalties to the lender of the foreclosure process and you might not believe this, these newly named loans will adjust.

My questions to all those who seek re-election: Who makes the reports of the lenders to you? Does anyone really have “your backs” and are they truly reporting in this game they are playing?

Once the date is Nov 2012, then this is going to be important to everyone, especially the consumers, who, at that time, will be repeating this foreclosure crisis that first got you elected for that “change” we were promised.

Just my unsolicited questions, thoughts, and now opinions as some state “the economy is getting better”, sorry to burst all bubbles…

Of course, it is in my opinion…

These quick fix loan modification products are the same quick loan sale products that got American homeowners into this once (incorrectly) labeled “Dream” — or as we now relate to as “Home Rescue and Affordability!”

I was waiting for the LoL too, but this joke isn’t so funny!