"WE CAN STOP FORECLOSURES

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Everything You Need to Know.......

STOP FORECLOSURE How it Works
In 2002 In Miami Florida, Washington Mutual attempted to foreclose on a $1.5 Million Dollar property in Boca Raton, Florida. The foreclosure was stopped by the same procedure we use here. Washington Mutual could not prove it owned the mortgage note, and after repeated tries dropped ALL attempts to take this property. This sounds ludicrous right?

ARE YOU FACING FORECLOSURE?
If so, you have come to the right place! Would you like to remain in your home without filing for Bankruptcy protection? Would you like to reduce or eliminate your mortgage payments? Would you like to sell your home after the market turns and make a profit? If your answer was yes to any of these. We can help! You may not need to move out of your home! You might be able to reduce payments! If your mortgage has been sold “anytime” after you purchased it, WE may be able to stop the foreclosure and keep you in your home. We are not talking about negotiating lower payments or placing payments at the end of the loan! We are talking about Lender problems with the chain of ownership title.

foreclosure@vegasvisitor.net
Call or email for a FREE Consultation to see if you Qualify. Telephone: 702.292.2055

When you understand what has occurred in the mortgage industry since 2002 the picture becomes clear. Banks sell and purchase mortgages on any number of occasions, then pool and bundle these mortgages into securities. Your mortgage may have transferred three, five, six, and eight times. It's possible that they didn't have all the proper pieces of paper, but it was enough to convince the next guy in the chain. Each time the mortgages change hands, the sellers are required to sign over the mortgage notes to the buyers. In the rush to originate more loans during the U.S. mortgage boom, from 2003 to 2006, that assignment of ownership wasn't always properly completed. So now the companies that collect monthly payments for the investors haven't been able to prove they own the mortgages. Because of this Judges in at least Six (6) states including California, Florida, Ohio, Massachusetts, Kansas and New York have stopped foreclosure proceedings During the housing boom loans were mass produced and short cuts were taken. A lot of the paperwork is done in the name of the original lender and a lot of the original lenders are out of business. More than 100 mortgage companies stopped making loans, closed or were sold in 2007, according to Bloomberg data. Hundreds if not Thousands of Foreclosures have been dismissed just last year based on the lenders inability to produce the original Note and chain of title. Adding to the confusion, all these loan documents are being sent to the inside of a mountain in the middle of America and not being checked very carefully. The lenders can't find the paper, either the notes or the assignments. The home-loan industry has had a central electronic database since 1997 to track mortgages as they are bought and sold. It's run by Mortgage Electronic Registration System,

or MERS, a subsidiary of Vienna, Virginia-based MERSCORP Inc., which is owned by mortgage companies. They have NO Tracking Mechanism in place. MERS has 3,246 member companies and about half of outstanding mortgages are registered with the company, including loans purchased by government-sponsored entities Fannie Mae, Freddie Mac, and Ginnie Mae. The Mortgage Servicing Agencies who collect monthly payments and distribute them to securities investors, can and did buy and sell the home loans many times. U.S. District Judge David D. Dowd Jr., in Ohio's Northern District, chastised Deutsche Bank National Trust Co. and Argent Mortgage Securities Inc. in October of 2007 for what he called their ``cavalier approach'' and ``take my word for it'' attitude toward proving ownership of the mortgage note in a foreclosure case. Federal District Judge Christopher Boyko dismissed 14 foreclosure cases in Cleveland in November of 2007due to the inability of the trustee and the servicer to prove ownership of the mortgages. U.S. Bankruptcy Judge Samuel L. Bufford in Los Angeles, California issued a notice in February 2008 warning plaintiffs in foreclosure cases to bring the mortgage notes to court and not submit copies. "This requirement will apply because developments in the secondary market for mortgages and other security interests cause the court to lack confidence that presenting a copy of a promissory note is sufficient to show that movant has a right to enforce the note or that it qualifies as a real party in interest," the notice said. More than 1.5 million homeowners will enter the foreclosure process in 2008. If you think our program might help you, call for a FREE Consultation.

Don't Delay, Call NOW 702.365.6847