12-22-2010, 11:33 AM
KathyH,You are saying none of the home buyers had anything to do with this ?
The people who I saw on News programs who were standing in line to buy unbuilt houses in Las Vegas so the could flip them didn't cause any of this ?
The people who lied about their income ?
The people who had payments so high that they were bound to default?
I could go on and on.
Nancy,I would be very careful about making a payment to a third party.
Beware of Scams
Since mortgage issues are so common right now, a lot of scammers are trying to prey on desperate homeowners. If you work with a third party to try to resolve your mortgage problems, make sure they are a reputable agency. Watch out for anyone who tries to charge you a fee, pressures you to sign over your deed, or tries to collect mortgage payments from you. There are no miracle fixes for mortgage problems, so don’t believe anyone who tells you they can quickly and easily help you out. If it sounds too good to be true, it probably is.
If you have quit making your payments because of Mers I think you are making a big mistake.There is a lot of wild speculation about Mers on the internet and the vast majority is false.If you want to waste your money on a lawyer that's up to you.
MERS acts as nominee in the county land records for the lender and servicer. Any loan registered on the MERS System is inoculated against future assignments because MERS remains the nominal mortgagee no matter how many times servicing is traded. MERS as original mortgagee (MOM) is approved by Fannie Mae, Freddie Mac, Ginnie Mae, FHA and VA, California and Utah Housing Finance Agencies, as well as all of the major Wall Street rating agencies.
The people who I saw on News programs who were standing in line to buy unbuilt houses in Las Vegas so the could flip them didn't cause any of this ?
The people who lied about their income ?
The people who had payments so high that they were bound to default?
I could go on and on.
Nancy,I would be very careful about making a payment to a third party.
Beware of Scams
Since mortgage issues are so common right now, a lot of scammers are trying to prey on desperate homeowners. If you work with a third party to try to resolve your mortgage problems, make sure they are a reputable agency. Watch out for anyone who tries to charge you a fee, pressures you to sign over your deed, or tries to collect mortgage payments from you. There are no miracle fixes for mortgage problems, so don’t believe anyone who tells you they can quickly and easily help you out. If it sounds too good to be true, it probably is.
If you have quit making your payments because of Mers I think you are making a big mistake.There is a lot of wild speculation about Mers on the internet and the vast majority is false.If you want to waste your money on a lawyer that's up to you.
MERS acts as nominee in the county land records for the lender and servicer. Any loan registered on the MERS System is inoculated against future assignments because MERS remains the nominal mortgagee no matter how many times servicing is traded. MERS as original mortgagee (MOM) is approved by Fannie Mae, Freddie Mac, Ginnie Mae, FHA and VA, California and Utah Housing Finance Agencies, as well as all of the major Wall Street rating agencies.