Upside Down Mortgage

Subprime Regulations

Question: Are you a borrower that has sought thier own modification through a lender where you are in a subprime loan?

If you are, and you are up for bought with this bank, be advised that they are, in 97% of the cases, going to be coming back at you with every reason why not to do a modification for you and they are going to go the full 13 rounds with you. your opponents (Yes Opponents) that your Lenders are going to place on the other end of the telephone, are so knowledgeable in the banking rules and regulations, that they will literally be able to talk behind your back; in front of your face. It's not brain surgery to know that this is true. Just ask yourself this question. Are the banks looking out for my best interests-or their own? These banks take your money-most of it; invest that money, make a profit from it, and reinvest that money and never even say thank you, do they? Did you get a Christmas card from them last Christmas for all the interest that you paid into them? I know that I didn't.

Answer: I have done several modifications recently, and find your statements untrue.

The banks are all receiving tax payer funds if you qualify to a modification (there are several programs), it is in their best interest to modify your loan as opposed to foreclosure.

Deconstructing the Subprime Crisis

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