AG letters only confuse homebuyers more

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!